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EC rolls out CARS 2020 action plan for European auto industry

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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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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

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2012 Chinese Auto Industry Development Report. The fifth annual report on China’s auto industry2012 Chinese Auto Industry Development Report—says that the next 20-30 years will be a “critical period” that will see the formation of a global new-energy vehicle industry.

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

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Specifically, the firm estimates US auto sales will reach just 12.7 million in 2012. AlixPartners also estimates that on-going unemployment and underemployment could cost the auto industry up to 1.5 House appreciation historically has been used to finance the purchase of a new vehicle about 20% of the time.

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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

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Global rating agency Fitch Ratings expects the financial profiles of US automakers and parts suppliers to remain resilient in a downside scenario characterized by sluggish global economic growth and weaker-than-expected North American light-duty vehicle demand. Continued global. to be seen throughout the US auto sector.

2012 186
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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 in 2014 as a result of industrial overcapacity and weakness in the real estate sector. million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. million, an increase of 2.4%

2015 150
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Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

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The company also will build an advanced manufacturing facility in China that will be capable of producing 400 megawatt hours (MWh) of lithium-ion battery cells annually by the end of 2012. Due to the strategy to focus predominantly on China in both the immediate and longer term, the company is reallocating its global resources.

Boston 199
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Tesla replays DOE loan nine years early

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In addition to payments made in 2012 and Q1 2013, today’s wire of almost half a billion dollars ($451.8M) repays the full loan facility with interest. This is another important contribution to what the Obama Administration has done to preserve and promote America’s auto industry. Flush with its recent $1.02

Tesla 334