article thumbnail

Italy exploring partnership with Tesla, Chinese carmakers to bolster domestic auto industry: report

Teslarati

The negotiations were mentioned by Industry Minister Adolfo Urso on Wednesday. He also acknowledged the crucial role a new partner would play in bolstering the Italian auto industry. This level of output was last achieved in 2017. Urso was quite optimistic about Italy’s ongoing talks with the automakers. “We’re

Italy 119
article thumbnail

Upstream Security: cyber hacks could cost auto industry $24 billion within 5 years

Green Car Congress

Cyber hacks might cost the auto industry roughly $24 billion within five years, according to a new study by Upstream Security , which specializes in cloud-based security protection. billion, while we are seeing that the cost for the industry as a whole could reach $24 billion by 2023. The risk is immense.

article thumbnail

UK auto industry warns anti-diesel agenda and slow uptake of EVs could mean missing 2021 CO2 targets; rising CO2 average in 2017

Green Car Congress

The UK automotive industry warned that the current anti-diesel agenda combined with the ongoing slow take-up of electric vehicles could mean industry misses its next round of CO 2 targets in 2021, with negative consequences for the UK’s own climate change goals. in 2017 to 119,821 units. of the overall new car market in 2017.

2017 210
article thumbnail

Renault CEO calls for Auto European plan to protect against ‘onslaught of EVs from China’

Teslarati

Renault CEO Luca de Meo released a 19-page open letter to Europe describing an auto European plan to protect against the ‘onslaught of electric vehicles (EV)’ coming from China.” Stellantis is another automaker seeking to strengthen its ties with China’s auto industry. Buoyed by its huge domestic market (8.5

China 112
article thumbnail

Latest EPA automotive trend report shows MY 2017 fleet fuel economy of 24.9 mpg; new record

Green Car Congress

The latest edition of the US Environmental Protection Agency (EPA) annual Automotive Trends Report finds that Model Year (MY) 2017 vehicle fuel economy was 24.9 Most large manufacturers used banked credits, along with technology improvements, to maintain compliance in model year 2017. Estimated Real-World CO 2 and Fuel Economy.

article thumbnail

GAC Group begins construction of $6.5B industrial park for electric and intelligent vehicles

Green Car Congress

China-based automobile manufacturer Guangzhou Automobile Group (GAC Group), the parent company of GAC Motor, has begun construction of a large industrial park for electric and intelligent vehicles as part of its efforts to boost its electric vehicle business. More than 45 billion yuan (US$6.5 More than 45 billion yuan (US$6.5

article thumbnail

More auto plant shutdowns for COVID-19

Green Car Congress

Honda transmission and engine plants in North America that serve Honda auto plants also will suspend production for the same time period. billion in direct spending in the state in Fiscal Year 2017 alone. Honda will suspend production for six days beginning 23 March, with current plans to return to production on 31 March.

Auto 199