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Penske orders 750 Ford E-Transit cargo vans for rental and leasing fleet

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These are the first light-duty electric trucks to be made available in Penske’s rental and leasing fleet, as previously announced. Penske Truck Leasing operates more than 372,000 vehicles and serves customers from more than 1,300 locations in North America, South America, Europe, Australia and Asia.

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Foton Motor and motorcycle leader Piaggio Group partner on development of light commercial vehicles; EVs to come

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Foton Motor and Piaggio Group signed the agreement for a joint development project for new light-duty commercial vehicle products in Italy. In 2017, its global sales volume of commercial vehicles hit 176,800 units. Piaggio Porter. The European market is an important sector for the global development of Foton Motor.

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IHS Markit: global auto sales to drop 22% this year

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IHS Markit cut its forecasts for global light vehicle sales and production as the impact COVID-19 impact has depressed demand. According the new analysis, global light vehicle sales are now forecast to be 69.6 IHS Markit forecasts a similar decline for global light vehicle production, falling to 69.3 million units.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 over 2014, continuing an unbroken five-year run of sales recovery and growth from the low point set in the depth of the Great Recession in 2009. However, IHS Automotive analysts still expect light vehicle sales in China to grow by 7% in 2015 to 25.2

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Cenntro introduces two new electric vans at IAA Transportation

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The first deliveries of the all-electric commercial vehicle are planned for the first quarter of 2023 in Europe, followed by market launches in Asia, the Caribbean and South America. The LS 100 , is a versatile, compact, light cargo van purpose-built to serve diverse commercial applications, especially in population-dense urban areas.

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PwC’s Autofacts forecasts global light vehicle assembly to reach 81.8M units in 2013, up 3.3% from 2012

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Global light vehicle assembly will reach 81.8 This will bring the region in sync with the recent recoveries in North America and Eastern Europe and the continued growth in developing Asia-Pacific and South America, according to the consultancy. Autofacts sees full-year 2013 sales reaching 15.6 South America.

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Honeywell Transportation Systems Forecast: turbocharged vehicles to account for 48% of annual global sales by 2021; electric boosting emerges

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Honeywell’s Transportation Systems Forecast projects that turbocharged vehicles will acount for 48% of annual global sales by 2021, up 9 percentage points from 2016. The global turbo business is expected to reach almost $12 billion in industry sales in 2021. million versus 7.5 million in 2016.

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