article thumbnail

EC rolls out CARS 2020 action plan for European auto industry

Green Car Congress

It is the first deliverable of the New European Industrial Policy outlined in an earlier communication. This Action Plan is based on four pillars: investing in advanced technologies and financing innovation; improving market conditions; enhancing global competitiveness; and investing in human capital and skills and softening the.

article thumbnail

BYD celebrates 7 million new energy vehicle (NEV) production milestone

Teslarati

There was a time when BYD’s sustainable vehicle efforts were seemingly brushed aside by industry leaders like Tesla CEO Elon Musk. That time has long passed, and BYD’s presence in the hybrid, PHEV, and BEV sector has grown to a point where it has garnered the respect of the global auto industry.

BYD 116
article thumbnail

AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

Green Car Congress

The AlixPartners 2011 Automotive Outlook finds that while automakers and suppliers have seen profits bounce back—North American original equipment manufacturers (OEMs) posted $12.5 Specifically, the firm estimates US auto sales will reach just 12.7 million units in 2011 and only 13.6 billion on a net margin of 4.3%—things

article thumbnail

DOE taking steps to revitalize Advanced Technology Vehicles Manufacturing (ATVM) Loan Program

Green Car Congress

LPO has not made an ATVM award since March 2011; that loan, for $50 million to the Vehicle Production Group LLC, is now discontinued. The US auto industry has evolved since the ATVM Program was established and today we are presented with an opportunity to hit the accelerator on US auto manufacturing growth.

article thumbnail

Better Place gets $350m from banks, investors

Revenge of the Electric Car

. “Better Place, an infrastructure provider for electric cars founded by former SAP <SAPG.DE> executive Shai Agassi, has raised $350 million in fresh equity as part of a second round of financing.

Financing 124
article thumbnail

Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

Green Car Congress

To right-size capacity levels and promote a viable industry, we believe 30 to 40 percent of all suppliers are at risk due to the necessary alignment of capacity with demand, which should stabilize in the 12 to 14 million-unit range by 2010-2011. Further, the government may be suffering from the early stages of bailout fatigue.

Grant 150
article thumbnail

Fitch Ratings: US automakers well positioned for weak demand in 2012; estimates break-even for Detroit 3 at 10.5M units

Green Car Congress

than was seen in 2010 and 2011. —“2012 Outlook: US Auto Manufacturers and Suppliers”. In addition to geographical growth, the auto industry has been investing significantly in research and development (R&D), Fitch notes, with the increase in R&D spending being driven not only by. million units in 2012, up 4.4%

2012 186