Dollars & Sense: Hot electric sports cars; urge to splurge returns
The Mercedes SLS AMG E-Cell is among the electric sports cars on display at the North American International Auto Show in Detroit.
January 12th, 2011
05:53 PM ET

Dollars & Sense: Hot electric sports cars; urge to splurge returns

A roundup of today's CNNMoney news:

Super-charged electric sports cars (video): From 0-60 in less than four seconds. Check out the 2011 Detroit auto show's hot, completely electric sports cars from Mercedes Benz, Venturi and Li-ion Motors.

Gen Y car shoppers want an iPhone on wheels: Young drivers crave Bluetooth phone connections, attachments for MP3 players and voice-to-text technology so they can interact with e-mails or text messages while driving. Meanwhile, Ford gets top loyalty marks among car buyers.

After holiday splurge, taste for spending returns: For nearly two years, consumers hunkered down and trained themselves to shop only for necessities. But that all seems to be changing as more and more shoppers loosen their purse strings.

How a housing slump will slow the jobs train: Some economists say one key to a jobs recovery is an improvement in housing. A disproportionate amount of job creation comes from new business start-ups, which are often financed by home equity loans.

Stocks rally to more than 2-year highs: Worries about Europe's debt problems spark buyers' interest early. A brighter outlook on the banking sector set off a broad rally. Check out the pros' top stock picks for 2011.

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Filed under: Business • Dollars & Sense • Economy • Technology
soundoff (51 Responses)
  1. Amazed

    The only problem with the electric car at this time is that, according to some electrical engineer friends of mine, they are not cost efficient or energy efficient, not even close. None of them will touch one at this time. Myself, I don't know, I'm not an electrical engineer, I'm just a lowly IT guy, but if those guys would not touch them, I won't either, at least for now, until the technology improves and these cars are cost efficient. They are kinda cool though, I really liked the Tesla roadster when it came out. I am gear head enough to still love that kick in the behind acceleration.

    January 13, 2011 at 8:11 am | Report abuse |
    • Keith O.

      Go to jay leno's garage online and watch him drive his tesla roadster. Even he admits the tesla's kick in the behind is AWESOME!

      January 13, 2011 at 4:12 pm | Report abuse |
  2. josh

    dude this car sounds amazing mainly because im 17 and i would love the voice-to-text technology, cause well face it all teenagers love to txt and now it makes it safer for everyone 🙂

    January 13, 2011 at 8:53 am | Report abuse |
  3. Quincy9

    Some pretty bad@ss cars there. Although they're beautiful and fast, I'd be interested in knowing the price tag and just how far you can go on a charge. I've heard no guesstimations on when the 'infrastructure', if you will, could be in place (charging stations along the roads and highways) so that long trips are possible. I'd also be interested to know what the means of charging would be, is this solar derived power, etc... The cars are amazing, but industry and consumer wide the vehicle is just the tip of the iceberg.

    January 13, 2011 at 8:53 am | Report abuse |
  4. chrissy

    yea i dont believe ill be running out anytime soon either. someone else can be the guinea pig just like the new drugs they come out with 4 this or that, ppl take em than suddenly fda pulls em cuz they aint safe. maybe in a few yrs we will see

    January 13, 2011 at 11:51 am | Report abuse |
  5. chrissy

    and guess ill call in @ work just tell my boss im extendin my life span gonna sit in a bar cuz i cant get to work without smellin all those exhaust fumes. . lol. . yea thatll work. . NOT. .cuz he will kill me lol

    January 13, 2011 at 11:58 am | Report abuse |
  6. GnatB

    Apparently GenY'ers are idiots who shouldn't be allowed to drive. Every study I've seen says that handsfree phones are just as dangerous as handheld ones, (both, IIRC, worse than driving drunk or sleep deprived) And listening (or worse, reading) e-mails and text messages?

    Wait for the cars to drive themselves, *then* go hogwild. When you're in the drivers seat, pay attention to your driving. Technically that's all already illegal, (driving distracted, and all that) but maybe the government needs to get more specific. And car manufacturers have DEFINITELY got to stop enabling/targetting said irresponsibility.

    January 13, 2011 at 11:59 am | Report abuse |
    • Quincy9

      Can you offer an opinion or comment without trying to insult someone? For all anyone knows you yourself are about the biggest, most uneducated, and ugliest jerk in the world. This isn't a forum for cowardice where you get to anonymously 'hit and run' insult people, so grow up. Contribute to the forum in a positive or factual manner or, seriously, go see a therapist and don't post again until you're cleared. Why do you think that you can just come on here and be an @SS to people?

      January 13, 2011 at 4:17 pm | Report abuse |
  7. Tom

    I drive a Jaguar 1989 V12, the engine roar like a lion. sometime i scare the sh**t out of of other drive when parking at the red light. Now that's is hot. LoL...

    January 14, 2011 at 1:17 am | Report abuse |
  8. Tom

    uh huh, i've got it! Hydrogen is to Electric car. Then Hydrogen replace gasoline fuel. So Electric car will have electronics components. Electronics components will controls over the car. G awesome! "please enter your destination. You will arrive at this hour...". Ladies and gentle men, we have created a big mess this is route to hell. Think about the Toyota Prius The gas pedal is controlled by a electronics chip, not the old fashion way by the wire. So is the 2006 Toyota Corrolla. If the chip works fine, you're in good shape, if the chip felt while you're doing 65 mph let's called it a bad day, or may be you don't have a chance to tell your grand kids. So to make this short and simple, I won't give an electronics chips a chance to control my future, so i;m gonna stay with the least electronics that put in the car, and the fuel injection. Oh by the way who needs a faster car anyway? The law said the speed limit is 55 MPH in some state and 70 MpH in other. Unless you wants to race car. Then you can build yourself a rocket car. LoL.....

    January 14, 2011 at 2:05 am | Report abuse |
  9. Tom

    sorry, my last comment. if this Mercedes is the electric car, then the donut shape will look hotter. heheheheh.......

    January 14, 2011 at 2:14 am | Report abuse |
  10. misterking23

    check this article out on why selling foreign cars in america is slowly rotting away our country from the inside

    January 14, 2011 at 11:02 am | Report abuse |
  11. Rodolfo

    Mercedes can even make an electric car look good, maybe US car makers should be thinking about better designs. I have not brought a US car in a long, long time since they look horrible. US car makers need to understand what the people want

    January 16, 2011 at 10:24 pm | Report abuse |
  12. newportconvertible

    Nice car. when this car is launched?

    April 8, 2014 at 9:52 am | Report abuse |
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