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AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

Green Car Congress

The AlixPartners 2011 Automotive Outlook finds that while automakers and suppliers have seen profits bounce back—North American original equipment manufacturers (OEMs) posted $12.5 Specifically, the firm estimates US auto sales will reach just 12.7 million units in 2011 and only 13.6 billion on a net margin of 4.3%—things

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EC rolls out CARS 2020 action plan for European auto industry

Green Car Congress

The intense competitive pressure is growing further and EU companies are increasingly being challenged in their home market, while developing opportunities in third markets. The industry provides more than 12 million direct and indirect jobs with a significant share of highly skilled workforce.

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BYD celebrates 7 million new energy vehicle (NEV) production milestone

Teslarati

That time has long passed, and BYD’s presence in the hybrid, PHEV, and BEV sector has grown to a point where it has garnered the respect of the global auto industry. As noted by the Chinese automaker in a post on Weibo, its 7 millionth NEV is an N7 SUV from the company’s premium sub-brand Denza.

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China 3-Year Plan for Auto Industry Targets Average 10% Growth, Consolidation

Green Car Congress

By 2011, passenger cars with an engine displacement below 1.5 China would also form two to three auto giants with capacities reaching 2 million in vehicle production and sales, and four to five smaller companies with capacities greater than 1 million in the next three years through mergers and acquisitions, according to the document.

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Study looks at challenges facing auto industry

Green Cars News

If anyone in the auto industry thought that the coast was clear after the recent economic troubles, a new industry review by AlixPartners, the global business advisory firm, suggests something different.

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Volvo Buses and SAIC Motors form joint company for new energy driveline systems; electric and hybrid buses

Green Car Congress

Volvo Buses and Chinese SAIC Motors have agreed to form a new joint venture company for driveline systems for new energy buses such as hybrids and electric buses. The new company will be owned by SAIC with 60% and by Volvo with 40%. Today, Chinese companies are already at the cutting edge in new energy buses.

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Finalist for Green Car Reports Best Car To Buy 2018: Hyundai Ioniq

Green Car Reports

Hyundai is known in the auto industry as an aggressive and very capable competitor, and the world's largest makers watch it closely and take it very seriously. The company didn't introduce its first hybrid car in the U.S. until 2011 and, frankly, that year's hybrid Sonata sedan wasn't very good.

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