CARSCOOP |  |
- Watch What Happens when Ice Cube, Conan O’Brien and Kevin Hart Use Lyft Car-Sharing App
- GM Sells PSA Stake for €250 Million, French Carmaker’s Stock Takes a Dive
- All-New Ford Mustang GT Makes Virtual Debut in Need for Speed Game
- Research Indicates EVs are Harder Hit by Depreciation than Regular Cars
| Watch What Happens when Ice Cube, Conan O’Brien and Kevin Hart Use Lyft Car-Sharing App Posted: 15 Dec 2013 10:02 AM PST  Have you ever wondered how the Lyft car-sharing app actually works? Not just theoretically, but how it actually happens? Well, the following video may be useful for those of you who want to use the app at some point – just don't believe you can do everything you'll see in it. That's because the folks that decided to give Lyft a try were talk-show host Conan O'Brien, hip hop artist Ice Cube and comedian Kevin Hart – a group of people who are not not exactly known to be serious, most of all, in front of a camera. The three celebrities used Lyft to get a ride from Hollywood to the "weed spot", as Ice Cube put it, but when the driver selected to pick them up showed up in a Kia Sportage with a pink moustache on the grille, it was clear this wasn't meant to be an ordinary Lyft ride. Scroll down to see how it went by watching the video released by Conan O'Brien. By Dan Mihalascu        |
| GM Sells PSA Stake for €250 Million, French Carmaker’s Stock Takes a Dive Posted: 15 Dec 2013 08:41 AM PST  Following Thursday's announcement about the continuation of the alliance with PSA Peugeot-Citroen, General Motors on Friday said it has completed the sale of its entire 7 percent stake in the French carmaker through a private placement to institutional investors. GM received €250 million ($343 million) for the 24,839,429 PSA shares. GM purchased the stock in March 2012 for €320 million ($439 million), as part of the alliance it formed with PSA Peugeot-Citroen. Since then, the partnership has struggled to meet the original goals, with Peugeot saying yesterday that savings from the cooperation will be 40 percent less than originally planned. But the biggest factor in GM's decision to sell its PSA stake is said to be the fact that China's Dongfeng Motors is nearing a deal to buy 20 percent of the French company. If the deal goes through, GM would avoid conflict with its Chinese partner SAIC Motor, a rival of Dongfeng Motors. General Motors said it will support Peugeot aligning with other automaker as long as their existing partnership continues. Following the transaction, PSA Peugeot-Citroen shares plunged 12 percent, sparking comments from analysts that the timing was not ideal for the French carmaker. Peugeot shares declined €1.29 to €9.34, the lowest close in Paris trading since July 30. This week alone the stock has dropped 22 percent, with the French carmaker being valued at €3.31 billion ($4.54 billion). According to a report from Reuters, PSA Peugeot-Citroen has already approved a plan for an alliance with Dongfeng and the French state, with each party to spend €1.5 billion for a 20 percent stake in the carmaker. The transaction would give the Peugeot a much needed cash infusion of €3 billion, but a final deal is not expected until the first quarter next year. By Dan Mihalascu     |
| All-New Ford Mustang GT Makes Virtual Debut in Need for Speed Game Posted: 15 Dec 2013 07:29 AM PST  While Gran Turismo 6 players were treated to a free download of the all-new BMW M4, which they could lightly tune (for now) to over 500 hp and then try to hit all the apexes with, those who play Need for Speed: Rivals got a different sports car surprise, in the form of the all-new Ford Mustang GT that became available in the game. However, the people who calibrated its handling and performance seem to have overcooked it a bit… Even if it has over 420 hp from its revised V8 engine, it could never realistically hold and reach 200 mph (320 km/h), yet it does so in the game, and if you use the nitrous, it will nudge 220 mph (352 km/h) with no other mods applied. It sounds pretty good in the game too. Videos showing it lie after the virtual jump; only the first one is official. By Andrei Nedelea            |
| Research Indicates EVs are Harder Hit by Depreciation than Regular Cars Posted: 15 Dec 2013 06:24 AM PST  If you were, just now, in the market for an electric vehicle but weren't quite sure whether or not you should take the plunge, well, this is not encouraging information. The Telegraph quotes a study carried out by the pricing experts at Cap Automotive, who took the time to analyze UK second hand car prices through October of this year. Their findings indicate that electric vehicles, or EVs for short, suffered the worst depreciation of all fuel types surveyed. They discovered electric cars were, on average, worth just 20.2 percent of their purchase price when new after three years. When comparing this to diesels and petrol cars with their much more respectable 44.7 and 43.6 percent ratings, the discrepancy is very noticeable. However, while full EVs did very badly, hybrids like the Toyota Prius and Honda Insight actually surpassed the conventional bunch, retaining a value of 45.3 percent over the same period. Worth noting, though, is the fact that the study did not take into account the £5,000 grant given by the UK government towards the purchase of battery-powered electrics, or any other discounts that may make much more sense if you actually start doing the math. By Andrei Nedelea         |
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