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

Green Car Congress

The Group therefore reached not only its targets for 2016 but also a new record, helped in particular by increases in Western and Central European markets and in the Asia-Pacific region. Profit attributable to the Chinese joint ventures was down slightly in the reporting period, as expected. in 2017. billion (US$7.71

2016 150
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INFINITI to build five new models in China and electrify its portfolio

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In Beijing, INFINITI will unveil its all-new INFINITI QX50 premium SUV for the first time in Asia. In addition to the new QX50, the INFINITI Q Inspiration concept car will also make its Asia debut at the Beijing show. In 2017, INFINITI sold a record 48,408 vehicles in China, a 16% increase from the prior year. Earlier post.)

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IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

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In contrast to 2022 when the OECD led the expansion, non-OECD economies are set to account for nearly 80% of growth next year. mb below the 2017-2021 average. mb/d increase is expected next year, supported by new refinery start-ups in Africa, the Middle East and Asia. mb/d in 2022 to 2.2 mb/d in 2023, according to the forecast.

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Roskill forecasts increasing dependence of Li market on batteries; switch from portable electronics to hybrids

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Consumption of lithium in rechargeable batteries by end use, 2012-2017, kt LCE. Other end-uses, including glass-ceramics, greases and polymers, have also shown high rates of growth, but are predicted to moderate over the next five years as emerging economy growth slows. Source: Roskill. Click to enlarge.

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BorgWarner expects $2.3B of net new powertrain business 2013–2015; 80% engine-related; 32% in China

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Improving fuel economy, lowering emissions and enhancing the driving experience are increasingly important strategic initiatives for automakers around the world.” The top twenty-five customers of the three-year net new business include seven Chinese domestic OEMs. —Timothy M. Manganello.

2015 257
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Volvo Cars and Geely to establish JV to boost synergies, accelerate next-gen electrified vehicle technology

Green Car Congress

Volvo Cars plans to set up a new joint venture technology company with Geely Holding, the Chinese car group, to share existing and future technology, to deepen industrial synergies and to provide the economies of scale that will allow them to develop next generation electrified vehicle technology more rapidly. in 1H 2017.

Volvo 150
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BorgWarner to supply wet dual-clutch technology for three FAW transmission programs in China; first domestically built RWD DCT in China

Green Car Congress

BorgWarner United Transmission Systems (BWUTS), a majority-held joint venture between BorgWarner and 12 leading Chinese automakers in Dalian, China, has been selected to supply DualTronic control modules and clutch modules with integral torsional vibration dampers for FAW’s new seven-speed wet dual-clutch transmission (DCT).

China 225