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Auto industry to invest USD 7 bn in 5 years to deepen parts localisation – ET Auto

Baua Electric

“World over, the industry is building resilient supply chains by reducing overdependence on any particular country or geography,” said Shradha Suri Marwah, president of ACMA. These components account for more than 75% of auto parts imported into the country. To be sure, China dominates auto parts supplies to India.

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EC rolls out CARS 2020 action plan for European auto industry

Green Car Congress

Recovery of growth is expected only in 2014/2015 and a return to pre-crisis levels is not expected in the next 4-5 years—in certain markets only by the end of the decade. Current forecasts indicate almost 8% year-on-year decline in the EU passenger car market with sales amounting to 12.1

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

Green Car Congress

Specifically, the firm estimates US auto sales will reach just 12.7 AlixPartners also estimates that on-going unemployment and underemployment could cost the auto industry up to 1.5 million units in 2011 and only 13.6 million in 2012. million units in lost vehicle sales this year. Preventing that erosion will be key.

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Constellium to open Mexico plant for automotive aluminum structural components

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This plant, located in San Luis Potosí, will allow Constellium to respond to increasing demand for lightweight, high-strength aluminium Crash Management Systems and automotive structures for the expanding auto industry in Mexico. billion of revenue in 2015. The facility is expected to start production in 2018.

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Honda FCX Clarity fuel cell limousine service comes to Narita Airport

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Honda is teaming up with ANA (All Nippon Airways) at the request of HySUT (The Research Association of Hydrogen Supply/Utilization Technology) to offer the FCX Clarity fuel cell vehicle as a limo service to passengers on international flights at Tokyo’s Narita International Airport from 5 September 2011.

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Big Auto is begging governments to let them go bankrupt as Chinese EVs loom

Baua Electric

The auto industry is electrifying, and all new cars will be electric in the relatively near future. And yet, the auto industry – which is responsible for more pollution than any other sector, at least in rich countries – still lobbies to worsen emissions reduction targets, even when those targets were already pushed back to begin with.

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Expert panel report finds achieving 1M plug-in vehicles in US by 2015 would require concentrated action to overcome barriers

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A new study sponsored by Indiana University concludes that President Obama’s vision of one million plug-in electric vehicles (PEVs) on US roads by 2015 will require concentrated efforts action from all stakeholders— the auto industry, federal government, the scientific community, and consumers—to be realized.

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