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EC rolls out CARS 2020 action plan for European auto industry

Green Car Congress

Antonio Tajani, Vice President of the European Commission in charge of Industry and Entrepreneurship, introduced the EC’s CARS 2020 Action Plan aimed at reinforcing the European automotive industry’s competitiveness and sustainability heading towards 2020. social impacts of restructuring. of around 16% of GDP to as much as 20% by 2020.

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CAR report quantifies automotive’s position as a leading high-tech industry

Green Car Congress

Percentage of Global R&D Spending by Industry, 2013. Source: Booz & Company “Global Innovation”; Battelle R&D Magazine; Center for Automotive Research 2012. After reviewing of the works of several researchers and government agencies, CAR developed a working definition to differentiate high-tech industries from other sectors.

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PwC’s Autofacts forecasts global light vehicle assembly to hit 81M units in 2013, 101M by 2017

Green Car Congress

Global light vehicle assembly is expected to reach 81 million units in 2013, an increase of 2.3 While the global market is expected to see positive growth overall, there are a number of mixed signals at the regional level. The European Union, meanwhile, is not expected to see volume recovery until 2014. to global growth.

2013 170
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GM’s China JVs investing $12B between 2014-2017 to expand; GM outlines China market trends

Green Car Congress

In conjunction with the start of Auto China 2014 in Beijing, GM China President Matt Tsien announced that GM’s China joint ventures will make capital expenditures of about $12 billion between 2014 and 2017. China has been GM’s largest market since 2010, last year accounting for about one-third of its global sales.

China 186
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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 over 2014, continuing an unbroken five-year run of sales recovery and growth from the low point set in the depth of the Great Recession in 2009. in 2014 as a result of industrial overcapacity and weakness in the real estate sector. North America.

2015 150
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Mitsubishi wants to launch Australia’s cheapest electric car, but there’s a very expensive reason it might not

EV Central

But in a recent report industry super funds warned the transition risked falling behind without increased investment. We tend as a motor industry to focus on the charging infrastructure, but we need bigger solutions. In Australia, Mitsubishi was an early EV adopter, selling the i-Miev battery electric mini-car from 2010 to 2014.

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Hyundai reaches 10M mark for Elantra/Avante worldwide

Green Car Congress

Hyundai’s Elantra (Avante in other parts of the world) recently sold its 10 millionth unit globally. Elantra is Hyundai’s first model, and one of only 10 cars in the history of the auto industry to reach 10 million sales. Power 2014 US Initial Quality Study (IQS).

Hyundai 210