Green Car Congress
MARCH 27, 2020
The magnitude of gasoline demand decline will be much greater than the impact of the 2008 recession and could be further protracted depending on how effective social distancing measures are at controlling the spread of the COVID-19 virus. during the global recession in 2008/2009. IHS Markit forecasts 2020 US auto sales to be 14.4
Green Car Congress
JUNE 14, 2011
Based on the results of the study, CAR believes the economic risk to the auto industry connected to mandating permanent fuel economy standards in the long run is “ very serious ” The group recommends periodic review to assess the rate of technology development and cost reduction of advanced technologies leading up to 2025.
Green Car Congress
JULY 29, 2015
million (2.1%) since last year and the highest annual increase the auto industry has seen in the US since IHS began tracking VIO growth. Looking ahead, IHS forecasts that average age is likely to hit 11.6 The rate of growth is slowing as compared to 2008-2013 due to the recovery in new vehicle sales. until 2018.
Green Car Congress
FEBRUARY 26, 2011
Rising global vehicle sales and profitability have encouraged automakers to continue to increase vehicle production, providing the global economy with some positive offset to the dampening impact of the recent surge in energy prices, according to the latest Global Auto Report released on Friday by Canada-based Scotia Economics.
Green Car Congress
FEBRUARY 18, 2009
As required by the loan agreements signed in December 2008, GM and Chrysler submitted their updated restructuring plans showing a pathway to achieve financial viability to Congress on Tuesday. The plans, updated in the context of a worsening sales outlook for the entire auto industry, outline a need for up to an additional $16.6
Green Car Congress
JANUARY 4, 2012
Although US light vehicle sales are likely to grow in 2012, the forecasted size of the market, at 13.2 million units, will remain well below the industry annual sales level of approximately 17 million units seen from 1999 through 2006. —“2012 Outlook: US Auto Manufacturers and Suppliers”.
Green Cars News
AUGUST 4, 2009
After US giant Ford recorded its first increase in sales for almost two years, BMW announced it had made a net profit of 121million euros in the first three months from April to June - well above industry forecasts. It has now forecast a net loss of 182billion yen for its business year to December - the first shortfall in 26 years.
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