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China Car Sales Likely Hit New Record in April

Green Car Congress

Bolstered by government stimulus plans, sales of autos in China likely reached a record high of 1.15 Assuming the CAAM figures are borne out by official data, April would be the fifth straight month of growth for the industry. People’s Daily.

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Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B

Green Car Congress

“Contributing to the short-term over-capacity issue is that manufacturers rushed to build out capacity ahead of demand to (a) capture stimulus funding and (b) try to drive scale to reduce cost. “In the near-term, we expect to see some consolidation in the battery industry, with a few leaders taking the lead.

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Will Obama’s billions jumpstart the electric car? The Green Piece

Green Cars News

If you listen to US President Barack Obama it has been a long time coming – his decision to pour $2.4billion of stimulus money to make America a global leader in electric and hybrid car development comes as the country plays catch up to the likes of Japan and even China in the green car race (see article ). “I Who will benefit? Our verdict.

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Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

Green Car Congress

But the most immediate and pervasive risk to the economy is a wholesale collapse of the automotive supply base, Grant Thornton LLP partner Laura Marcero told the Automotive Press Association in Detroit. Meanwhile, adding further downside pressure is that banks in many cases are working to reduce their exposure to the auto industry.

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GM: Let's Hash Out Open Plug-In Car Standards

Tony Karrer Delicious EVdriven

The auto industry is now gearing up to hash out those standards at the SAE conference in Detroit next week — and GM has a major stake in getting them out swiftly. OStatic] Nokia E71x Expected on May 4th: Here’s Reading Material Until Then [jkOnTheRun] Renewable Standards to Spur Moore’s Law for Cleantech?

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Has the cash for clunkers scheme failed? The Green Piece

Green Cars News

Though the scheme proved so popular that the initial $1billion set aside for it ran out last month, auto sales only rose by 2.4 per cent in July suggesting that American consumers are still nervous about their jobs and the economy. So is this scheme green at all?

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Goodbye GM, Hello Tianjin-Qingyuan Electric Vehicle Company?

Plugs and Cars

At the same time, the value to the economy and environment of a major push for plug-in cars as part of the recovery hasn’t sunk in at the top. And these days a billion dollars is barely a rounding error in the money going to prop up the American auto industry. Chrysler was told to consummate with Fiat quickly or else.

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