Remove 2011 Remove Auto Industry Remove Companies Remove Financing
article thumbnail

EC rolls out CARS 2020 action plan for European auto industry

Green Car Congress

It is the first deliverable of the New European Industrial Policy outlined in an earlier communication. This Action Plan is based on four pillars: investing in advanced technologies and financing innovation; improving market conditions; enhancing global competitiveness; and investing in human capital and skills and softening the.

article thumbnail

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.

BYD 121
article thumbnail

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

article thumbnail

Better Place gets $350m from banks, investors

Revenge of the Electric Car

. “Better Place, an infrastructure provider for electric cars founded by former SAP <SAPG.DE> executive Shai Agassi, has raised $350 million in fresh equity as part of a second round of financing. > and Lazard Asset Management, the company said in a statement on Monday. billion,&# it said.

Financing 124
article thumbnail

Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

Green Car Congress

Suppliers struggled to make money when industry volumes were almost double what they are today, and the consolidation that has occurred has been happening mostly among smaller companies at the lower tiers. Meanwhile, adding further downside pressure is that banks in many cases are working to reduce their exposure to the auto industry.

Grant 150
article thumbnail

Fitch Ratings: US automakers well positioned for weak demand in 2012; estimates break-even for Detroit 3 at 10.5M units

Green Car Congress

than was seen in 2010 and 2011. With a few exceptions, General Motors Company (GM), Ford Motor Company (Ford), and Chrysler Group LLC (Chrysler) have focused mainly on refining existing vehicles in 2012, rather than introducing new models or new versions of existing models. million units in 2012, up 4.4% million as of Nov.

2012 186
article thumbnail

China’s EV Subsidy

Revenge of the Electric Car

Buyers of electric vehicles will receive up to 60,000 yuan ($8,800), and buyers of certain gasoline-electric hybrids as much as 50,000 yuan, under the two-year program set to start this year in five cities—Shanghai, Hangzhou, Changchun, Shenzhen and Hefei—the ministry of finance said Tuesday. Japan and Europe. Japan’s Nissan Motor Co.,

E6 124