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Ford, BASF partner to deliver auto industrys first castor oil-based foam in the 2012 Focus

Green Car Congress

Ford was the first automaker to demonstrate soy-based foam could be formulated to pass the stringent requirements for automotive applications, pioneering its use in seats for the 2008 Ford Mustang and in headliners for the 2010 Ford Escape. .

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GM Shows Picture of New Chevrolet Agile for Mercosur Market

Green Car Congress

In 2008, it posted record annual sales (548,941 vehicles). GM was the first company in the Brazilian auto industry to provide 100% of its spark-ignited vehicles as flex-fuel. The Agile is targeted for emerging markets such as Brazil, Argentina, Paraguay and Uruguay (Mercosur). GM began doing business in Brazil in 1925.

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All Western European Countries Will Have CO2-Related Car Taxation This Year; European Auto Industry Urges Harmonization of Schemes

Green Car Congress

The number of EU countries with CO2-related car taxation rose to 15 in 2008. In 2008, motor vehicle taxes in the EU 15 added up to €378 billion (US$501 billion) or 4.1%

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Center for Automotive Research calls long-run economic risk to auto industry of mandating permanent fuel economy standards very serious; recommends periodic reviews

Green Car Congress

Based on the results of the study, CAR believes the economic risk to the auto industry connected to mandating permanent fuel economy standards in the long run is “ very serious ” The group recommends periodic review to assess the rate of technology development and cost reduction of advanced technologies leading up to 2025.

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European Parliament Adopts Resolution Calling for Measures to Support Job Creation in the Auto Industry and Green Technologies

Green Car Congress

The European automotive industry is key to the EU economy, employing 12 million workers directly and indirectly—6% of the employed population in the European Union. The industry has been badly hit by the global economic crisis, and has seen a significant drop in demand during the last quarter of 2008 and the first of 2009.

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IHS Markit: US gasoline demand could be cut almost in half due to COVID-19

Green Car Congress

The magnitude of gasoline demand decline will be much greater than the impact of the 2008 recession and could be further protracted depending on how effective social distancing measures are at controlling the spread of the COVID-19 virus. during the global recession in 2008/2009. IHS Markit forecasts 2020 US auto sales to be 14.4

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GM to buy back 200M shares held by US Treasury for $5.5B

Green Car Congress

Government ownership of GM stock was the result of the auto industry rescue that began under President George W. Bush in 2008 and which was expanded by President Barack Obama in 2009.

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