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PSA Peugeot Citroën and GM confirm key steps in global strategic alliance; four vehicle projects, joint purchasing

Green Car Congress

earlier post ) This alliance is structured around two main pillars: the sharing of vehicle platforms, components and modules; and the creation of a global purchasing joint venture for the sourcing of commodities, components and other goods and services from suppliers with combined annual purchasing volumes of approximately $125 billion.

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A123 Systems and Wanxiang execute definitive agreements for investment of up to $465M in A123

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US-based Li-ion battery manufacturer A123 Systems announced the execution of definitive agreements with China’s Wanxiang Group Corporation, which follows the non-binding memorandum of understanding (MOU) that A123 signed with Wanxiang on 8 August 2012. Earlier post.) — David Vieau, CEO of A123.

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PSA Peugeot Citroën and General Motors to co-develop three common vehicle platform projects; launch of vehicles expected in 2016

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PSA Peugeot Citroën (PSA) and General Motors have signed definitive agreements related to three of initial vehicle projects as well as to the purchasing joint venture as part of the execution of their Global Strategic Alliance. The first vehicles resulting from this cooperation are expected to be launched in 2016.

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J.D. Power: First-time owners find switching to EVs highly satisfactory

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We know from our research that many consumers have concerns during the purchase consideration process with aspects like battery range and vehicle charging. However, once someone has purchased a BEV, they’re pretty much hooked. More than half (62%) of these owners say they “definitely will” repurchase from the same brand.

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J.D. Power sees hybrid and EV share below 10% of US market through 2016 despite rising fuel prices

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Percentages for overall consideration of alternative powertrains (definitely would / probably would). The study gauges consumer consideration rates of these powertrain types for their next new vehicle purchase and explores specific perceived benefits and concerns that factor into the decision-making process. By the end of 2016, J.D.

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Nissan taking 34% stake in Mitsubishi Motors for $2.17 billion; expanding the Alliance model at a good discount

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Following MMC’s revelation of the testing cheating on 20 April 2016, it share price on the Tokyo exchange plunged 51.2%, dropping from ¥864 per share on 19 April to a low of ¥422 on 27 April. Under the terms of the transaction, Nissan will purchase 506.6 Earlier post.). Nissan will become the largest shareholder of MMC on closing.

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Amec Foster Wheeler awarded syngas-to-liquids project in the US; focus on jet fuels

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Amec Foster Wheeler’s scope of work includes engineering design and definition work utilizing key process technology and equipment suppliers, as well as execution planning activities for the facility that will use biomass gasification combined with West Texas shale gas to feed a Fischer Tropsch process unit to produce jet fuel.

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