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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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UAW strikes: GM shuts down Kansas plant and lays off 2,000 workers

Teslarati

The news comes as the latest amidst strikes from the United Auto Workers (UAW) union targeting Ford, GM and Stellantis. Jeep, Chrysler and Dodge owner Stellantis announced plans to lay off 68 workers at an Ohio facility, warning of another 300 layoffs in Indiana if the situation does not improve. We have delivered a record offer.

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A 100 m.p.g. truck? A Bright IDEA | Freep.com | Detroit Free Press

Tony Karrer Delicious EVdriven

Three years ago, the magazine Popular Mechanics even wrote an article prodding the auto industry for not building the 100 m.p.g. 2 of 3) Driven by Detroit This strategic decision is part of what makes Bright different from the other startups offering to retrofit hybrid cars or to sell plug-ins. car Because unlike the 100 m.p.g.

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Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

Green Car Congress

The economic impact of a General Motors or Chrysler bankruptcy is being debated across the country. 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. Laura Marcero

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Tesla CEO: Gas prices should be $10 a gallon

Green Cars News

With the US auto industry in disarray, Tesla’s focus on premium green cars has emerged as a bright spark. Despite this, Musk believes that Detroit will survive and that it will be a “healthier place&#. He also says that unions weren’t inherently the problem, but the way they are structured is.

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Elon Musk scares Mercedes-Benz and BMW: former GM and Ford exec Bob Lutz

Teslarati

Elon Musk’s second consecutive Person of the Year Award was granted by the FT in no small part due to Tesla’s accomplishments in the auto sector. Lutz then added a rather interesting detail related to Tesla’s competition from Das Auto.

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President Obama Announces 48 Projects to Receive $2.4B in Grants for Next-Generation of Batteries and Electric Vehicles; To be Combined with $2.4B in Industry Cost-Share

Green Car Congress

Industry officials expect that this $2.4 billion in cost-share from the award winners, will result directly in the creation tens of thousands of manufacturing jobs in the US battery and auto industries. Chrysler LLC. $70. Detroit, MI Warren, MI. Detroit, MI Ann Arbor, MI Dearborn, MI Flint, MI.

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