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Navigant: sales of light duty vehicles to total more than 2.1 billion from 2015 to 2035

Green Car Congress

According to a recent report from Navigant Research, total sales of LDVs are expected to total more than 2.1 billion from 2015 to 2035. Navigant forecasts global annual LDV sales to grow from 88.8 million vehicles in 2015 to 122.6 million in 2035.

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Volkswagen Group returns to profitability with new record for sales revenue and operating result in 2016

Green Car Congress

Sales revenue in fiscal year 2016 rose by €4.0 billion) was substantially higher than the prior-year figure (up 14%); the operating return on sales rose to 6.7% (6.0%). from 9.931 million in 2015. In terms of the Group’s operating result, Volkswagen anticipates an operating return on sales of between 6.0% billion (US$4.22

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Volkswagen Group outselling GM in China

Green Car Congress

The Volkswagen Group is having a very strong sales year so far in China. to 382,300 units compared to September 2015. For the first nine months of 2016, retail sales by GM and its joint ventures in China increased 9% on an annual basis to a record 2,718,315 units. —Fred Kappler, Head of Group Sales.

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Petrobras sells sugar, ethanol and petrochemical assets for US$587 million

Green Car Congress

Brazil’s Petrobras closed two asset sales for the total sum of US$587 million. The Petrobras Board of Directors also approved the sale of Companhia Petroquímica de Pernambuco (PetroquímicaSuape) and Companhia Integrada Têxtil de Pernambuco (Citepe) to two subsidiaries of the Mexican company Alpek, for US$385 million.

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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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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

According to the IMF’s 2015 Article IV Consultation-Press Release and Staff Report , published August 3, oil and natural gas exports constituted 65 percent of exports, 52 percent of the Federal government budget, and 14.5 in 2015 and 2016 respectively). in 2015 and 2016 respectively). percent of GDP in 2014.

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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 Following the steep decline in US industry sales in December 2008 and January 2009, GM responded by further lowering its forecast for 2009 US industry sales to 10.5 million units (57.5

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