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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 Navigant forecasts global annual LDV sales to grow from 88.8 Global market forecasts for sales and the number of vehicles in use, segmented by country, drivetrain, and primary fuel, extend through 2035. million in 2035.

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Volvo Group to acquires 45% of Dongfeng Commercial Vehicles for $900M; Volvo to become world’s largest manufacturer of heavy-duty trucks

Green Car Congress

The purchase price is RMB 5.6 Volvo’s transaction with DFG follows an agreement between DFG and Nissan Motors, in which DFG purchased the medium- and heavy-duty commercial vehicle operation from the joint venture DFL (owned jointly by DFG and Nissan Motors). —Volvo’s President and CEO Olof Persson. billion (pro forma).

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CNHTC acquiring 34% of UQM stock; forming new JV for electric propulsion systems in China

Green Car Congress

UQM Technologies has entered into a definitive stock purchase agreement with China National Heavy Duty Truck Group Co., The purchase price is $0.95 After the closing of the Agreement, UQM and CNHTC intend to form a joint venture for the manufacture and sales of electric propulsion systems in China. million in cash to UQM.

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Ford and Volkswagen expand global collaboration to include EVs, invest in Argo AI

Green Car Congress

As part of the transaction, Volkswagen also will purchase Argo AI shares from Ford for $500 million over three years. Volkswagen will invest $2.6 billion in Argo AI by committing $1 billion in funding and contributing its $1.6 Ford will invest the remaining $600 million of its previously announced $1 billion cash commitment in Argo AI.

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Singapore introducing stiff new feebate scheme for low carbon cars

Green Car Congress

The scheme will be reviewed, taking into consideration its impact on motorists’ purchasing decision, technological advances and the progress in Singapore’s overall mitigation efforts on climate change. The new label highlights the model’s carbon emissions per kilometer (CO 2 /km), fuel consumption and relative carbon emission performance.

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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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Volvo To Go All Electric By 2030 – EV Week in Review: Feb 23-Mar 1

EV Adoption

The Swedish carmaker said 50% of its global sales should be fully-electric cars by 2025 and the other half hybrid models. Lucid’s top executive said the pandemic has affected the startup’s testing activities, supply chain, and its preparations for sales and service. – March 1, via Reuters.

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