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GM to buy back 200M shares held by US Treasury for $5.5B

Green Car Congress

Government ownership of GM stock was the result of the auto industry rescue that began under President George W. Bush in 2008 and which was expanded by President Barack Obama in 2009.

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Center for Automotive Research calls long-run economic risk to auto industry of mandating permanent fuel economy standards very serious; recommends periodic reviews

Green Car Congress

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.

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The Long View from SAE 2009 World Congress

Green Car Congress

On 20 April, the opening day of the SAE 2009 World Congress, the AVL Technology Leadership Theater presented a forum on “Green Mobility—The Long View”. the session counted among its panelists: Professor John Heywood, Sun Jae Professor of Mechanical Engineering and Director of the Sloan Auto Laboratory at MIT. by Bill Cooke. 8.6 / 10.6.

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China, Two Chinese Firms to Buy Delphis Brakes and Suspension Businesses

Green Car Congress

s remaining brakes and suspension businesses—the most high-profile acquisition yet by the Chinese in the US auto industry. The Chinese auto supplier Tempo Group, which has its US research and development operations in Canton, will acquire a 24% stake in the Delphi businesses. China’s Capital Iron & Steel Co.

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Heard At The Show: Snippets from SAE 2009 World Congress

Green Car Congress

Paul Taylor, Chief Economist for the National Automotive Dealers Association, had the following observations: At $4/gallon gas people looked at more economical versions of the same vehicle rather than going down in vehicle size—they continue to buy cars that meet their needs. How much does it cost to save weight? —Bill Cooke.

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Canadian Study Concludes Rebates to Hybrid Buyers Not Cost-Effective for Reducing Carbon Emissions

Green Car Congress

Our estimates indicate that two-thirds of people who buy hybrids were going to buy them anyway. While hybrid rebates help governments to appear environmentally progressive, Chandra suggests that some programs may serve as de facto bailouts for the North American auto industry. Ambarish Chandra. Chandra et al.

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IHS: average age of light vehicles in US rises slightly in 2015 to 11.5 years; length of new vehicle ownership hits record high

Green Car Congress

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. We’re now seeing average age begin to plateau and return to its traditional rate of increase as consumers have recovered from the great recession and have begun buying new vehicles again.

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