article thumbnail

Scotiabank forecasts 4% growth in global auto market in 2015 to 74M units, led by China

Green Car Congress

Despite growing concerns about an economic slowdown in China, demand for new automobiles continues to be driven by rising vehicle ownership in tier 2 and 3 cities, especially for CUVs, which are advancing by 40% per annum, the report noted. General Motors Co. Challenging conditions in South America. million to 17.0

2015 150
article thumbnail

GM Reaches Agreement with China-based Pacific Century Motors on the Sale of Nexteer Automotive

Green Car Congress

General Motors and Pacific Century Motors (PCM), an entity formed by The Tempo Group and E-Town, an affiliate of the Beijing Municipal Government, have reached an agreement for GM to sell GM Global Steering Holdings, LLC, commonly known as Nexteer, to PCM. Terms of the sale were not disclosed. Headquartered in Saginaw, Mich.,

GM 186
article thumbnail

What is the Combined Charging System (CCS) Standard?

Driivz

SAE International (Society of Automotive Engineers) and the European Automobile Manufacturing Association (ACEA) proposed the Combined Charging System (CCS) standard in 2011. CCS1 is also available in Central America, Korea, and Taiwan. When was CCS developed? What are CCS “combo plugs”? Tesla’s dominance in the U.S.

article thumbnail

The EV Battery Wish List

Cars That Think

All this could grant the ultimate, elusive wish for EV makers: Price parity with internal-combustion automobiles. Charging infrastructure is on our wish list of things that need to improve,” said Dan Nicholson, who helps lead General Motors’ new charger initiatives. The 2021 U.S. Infrastructure Law is providing $7.5

article thumbnail

Report: Stellantis Discusses Engine Plans

The Truth About Cars

We are growing capacity, adding capacity, for South America, the Middle East and Europe and Asia Pacific.” One of the things that was very clear [in the merger of PSA Group and Fiat Chrysler Automobiles] was that we had some engines that were not performing well on our C02 road map," he said. .&

Engine 115
article thumbnail

As Electric Car Makers Ante Up Billions, Software Is Ace in the Hole

Cars That Think

Since then Daimler , Ford Motor Company , General Motors , Stellantis and Volkswagen Group, have committed an additional $152 billion in investments, a sum four times their combined 2019 operating profits. An additional $60 billion plus in investments have also been made in more than 70 EV start-ups wanting in on the game.

article thumbnail

Why Warren Buffett is investing in electric car company BYD - Apr. 13, 2009

Tony Karrer Delicious EVdriven

Wang entered the automobile business in 2003 by buying a Chinese state-owned car company that was all but defunct. His engineers investigate a wide array of technologies, from automobile air-conditioning systems that can run on batteries to the design of solar-powered streetlights.

BYD 62