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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.

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

Teslarati

There was a time when BYD’s sustainable vehicle efforts were seemingly brushed aside by industry leaders like Tesla CEO Elon Musk. 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.

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DOE taking steps to revitalize Advanced Technology Vehicles Manufacturing (ATVM) Loan Program

Green Car Congress

LPO has not made an ATVM award since March 2011; that loan, for $50 million to the Vehicle Production Group LLC, is now discontinued. The US auto industry has evolved since the ATVM Program was established and today we are presented with an opportunity to hit the accelerator on US auto manufacturing growth.

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

Green Car Congress

In its “2012 Outlook: US Auto Manufacturers and Suppliers”, Fitch assigns the industry a Positive Rating, expecting the credit profiles of the US OEMs and auto suppliers to generally strengthen in 2012, assuming that global economic conditions do not weaken materially from current trends. million units in 2012, up 4.4%

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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.

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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.,

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