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Auto industry to invest USD 7 bn in 5 years to deepen parts localisation – ET Auto

Baua Electric

“World over, the industry is building resilient supply chains by reducing overdependence on any particular country or geography,” said Shradha Suri Marwah, president of ACMA. These components account for more than 75% of auto parts imported into the country. To be sure, China dominates auto parts supplies to India.

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Thomson Reuters report finds established auto industry companies, not Silicon Valley, leading development of autonomous driving tech

Green Car Congress

According to the report— 2016 State of Self-Driving Automotive Innovation —there were more than 22,000 new inventions related to self-driving automobiles between January 2010 and October 2015, with some clear leaders already emerging in the space. Google ranks 19 th in the world in this area, followed by Ford at number 20.

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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

In sync with its past annual auto studies, AlixPartners continues to predict that US auto sales will climb more slowly, and to a lower peak, than many others are predicting. Specifically, the firm estimates US auto sales will reach just 12.7 billion in 2010 profit on a net margin of 4.6% billion on a net margin of 4.3%—things

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Cooperation of Daimler and Renault-Nissan Alliance accelerates, strengthens in 2015

Green Car Congress

The partnership between the Renault-Nissan Alliance and Daimler AG accelerated and strengthened as it entered its sixth year in 2015, the companies’ leaders said today in a media update given during the Frankfurt International Motor Show. This year we further deepened the collaboration and announced two completely new projects.

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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. GM will add dealerships and manufacturing facilities in these regions, including plants in Wuhan and Chongqing by the end of 2015.

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Expert panel report finds achieving 1M plug-in vehicles in US by 2015 would require concentrated action to overcome barriers

Green Car Congress

A new study sponsored by Indiana University concludes that President Obama’s vision of one million plug-in electric vehicles (PEVs) on US roads by 2015 will require concentrated efforts action from all stakeholders— the auto industry, federal government, the scientific community, and consumers—to be realized.

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GM and Chrysler Submit Updated Restructuring Plans; Up to $18.6B More Needed; Outlines for Product Plans

Green Car Congress

The plans, updated in the context of a worsening sales outlook for the entire auto industry, outline a need for up to an additional $16.6 Outside of the US, GM has accelerated restructuring plans for its Canadian, European and Asia-Pacific operations, all of which will be funded from sources outside the US. Click to enlarge.

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