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

Green Car Congress

In its “2012 Outlook: US Auto Manufacturers and Suppliers”, Fitch assigns the industry a Positive Rating, expecting the credit profiles of the US OEMs and auto suppliers to generally strengthen in 2012, assuming that global economic conditions do not weaken materially from current trends. Continued global.

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

Green Car Congress

General Motors today will purchase 200 million shares of GM common stock held by the US Department of the Treasury for $5.5 Government ownership of GM stock was the result of the auto industry rescue that began under President George W. premium over the closing price on 18 December 2012. billion, or $27.50

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GM Shows Picture of New Chevrolet Agile for Mercosur Market

Green Car Congress

General Motors provided an image of the new Chevrolet Agile, a small car designed in Brazil and due to launch in that market in October. GM was the first company in the Brazilian auto industry to provide 100% of its spark-ignited vehicles as flex-fuel. The 2010 Agile. Click to enlarge.

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2012 Mitsubishi i Wants You To Be Free From Electriphobia

Green Car Reports

auto industry hasn’t always been very good at advertising the benefits of the electric car. Among them of course, General Motor’s infamous 1996 ad for its EV-1, the cringe-worthy Chevy Volt Dance, the Nissan Leaf Bear Hug ad, and of course, Nissan’s Ryan Reynolds Leaf ad Now our neighbors to the.

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Fisker Secures $115.3M in Private Equity Funding; Necessary to Access $528.7M DOE Loan

Green Car Congress

The raise comes at a time when capital is scarce, the auto industry is struggling and the global economy is just beginning to rebound. Project NINA is expected to be built in Wilmington, Delaware at a former General Motors assembly plant starting in 2012. A123 is also investing $23 million in Fisker.

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CAR report quantifies automotive’s position as a leading high-tech industry

Green Car Congress

Percentage of Global R&D Spending by Industry, 2013. Source: Booz & Company “Global Innovation”; Battelle R&D Magazine; Center for Automotive Research 2012. Additionally, the auto industry provides 16% of total worldwide R&D funding for all industries. Click to enlarge. Source: IRI 2013, CAR. Click to enlarge.

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Auto Alliance urges EPA to withdraw premature Final Determination on light-duty GHG regulations, resume Midterm Evaluation process with NHTSA

Green Car Congress

The Auto Alliance represents 77% of all car and light truck sales in the United States, including the BMW Group, Fiat Chrysler Automobiles, Ford Motor Company, General Motors Company, Jaguar Land Rover, Mazda, Mercedes-Benz USA, Mitsubishi Motors, Porsche, Toyota, Volkswagen Group of America and Volvo Car USA.

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