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Tesla’s market cap drop is worth almost the entire legacy auto industry

Electrek

Tesla’s loss in market capitalization equals almost the entire legacy auto industry combined – one of the most significant losses in value of all time. The post Tesla’s market cap drop is worth almost the entire legacy auto industry appeared first on Electrek.

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Benchmark: Russia’s invasion of Ukraine risks raising costs for Europe’s auto industry

Green Car Congress

Russia’s invasion of Ukraine threatens to increase costs for Europe’s vehicle industry, which is already struggling with record high lithium prices and a shortage of semiconductor chips, according to Benchmark Mineral Intelligence. Prices for nickel, a key battery material, rose to their highest levels since 2011 this week following Russian president Vladimir Putin’s decision to send troops into Ukraine.

Russia 273
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Ultra-fast battery maker StoreDot hires auto industry head as chair

Electrek

StoreDot , makers of ultra-fast, Tesla-like 4680 cells, today announced that it’s appointed global auto industry leader Carl-Peter Forster as chairman. The post Ultra-fast battery maker StoreDot hires auto industry head as chair appeared first on Electrek.

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Ford’s November sales paints revealing picture of US auto industry as EV adoption climbs

Electrek

Ford released its US auto sales for November today, and although electric vehicle sales were up over 100% YOY for the fifth straight month, gas-powered car sales continued to slide. The sales report highlights the direction in which the US auto industry is headed – forward.

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Tesla is fighting the auto industry over fuel economy standards

Electrek

Tesla is fighting the rest of the auto industry in the US over respecting the Corporate Average Fuel Economy (CAFE) requirements set back in 2016. more… The post Tesla is fighting the auto industry over fuel economy standards appeared first on Electrek.

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NIO's William Li expects China's auto industry chain to stabilize by March or April

CN EV Post

"I am very confident that in the near future, China supply chain and the auto industry will return to normal," Li said. The post NIO's William Li expects China's auto industry chain to stabilize by March or April appeared first on CnEVPost.

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Tesla's Massive Price Cuts Send Shockwaves Across Auto Industry

InsideEVs

While the shock comes as no surprise, the more interesting part will be how it impacts rival brands' future pricing and offerings

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Tesla tops the list of most satisfied customers in the entire auto industry

Electrek

Tesla has topped the list of most satisfied customers in the entire auto industry, with Model 3 taking the top spot for for all cars globally. The post Tesla tops the list of most satisfied customers in the entire auto industry appeared first on Electrek.

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ABB and HASCO create joint venture to drive smart manufacturing in China’s auto industry

Green Car Congress

Partnership builds on existing relationship to deliver increased automation and sustainability for auto parts production New joint venture agreement signed by both parties on December 30th 2021 and expected to commence operation in Q2, 2022. Automation expert ABB and China’s leading automotive parts supplier, HASCO, are forming a joint venture to drive the next generation of smart manufacturing in China’s automotive industry. China Electric (Battery) Industry 4.0

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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. Upstream studied the impact of more than 170 documented, Smart Mobility, cyber incidents reported between 2010-2018 and projected future trends based on that eight-year history.

2018 247
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UK Auto Industry Left Behind as Carmakers Focus EV Production in EU Countries

EV Obssesion

The post UK Auto Industry Left Behind as Carmakers Focus EV Production in EU Countries appeared first on EV Obsession. Electric Vehicles Accelerating Electrification Decarbonization Energy investment The Department for Transport transport UK Auto Industry

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Auto industry spent less on advertising in 2022; Tesla already spends $0

Teslarati

The automotive industry spent less on advertising during the first seven months of 2022. Although Tesla spends $0, the decline in ad spending could be an indicator of troubles for an industry trying to compete with Tesla’s EV lead.

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US President Biden pats GM CEO’s back: “You electrified the entire auto industry. You led.”

Teslarati

Taking careful note to validate the efforts of GM CEO Mary Barra , Biden noted that the executive effectively “electrified the entire automotive industry” because of her leadership. “In the auto industry, Detroit is leading the world in electric vehicles.

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Tesla Giga Canada makes sense: CN Minister emphasizes auto industry’s new “supplier of choice” [Opinion]

Teslarati

Just last week, Canada’s Minister of Innovation, Science, and Industry François-Philippe Champagne visited Tesla’s Markham facility to talk to Tesla. CN seems to be hyper-focused on developing its green supply chain and catering to the auto industry.

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Stellantis CEO: EV transition costs are “beyond the limits” the auto industry can sustain

Teslarati

Taveres said that the costs of transitioning to electric vehicle production are “beyond the limits” of what the current auto industry can sustain in an interview with Reuters Next. US President Biden pats GM CEO’s back: “You electrified the entire auto industry.

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Capgemini and Audi launch XL2 joint venture to support digital transformation of auto industry

Green Car Congress

XL2 was founded by Audi and Capgemini to support the automotive industry in digital transformation tasks. The joint venture that focuses on consulting and technology services for cloud and SAP S/4HANA includes industry solutions such as SAP Leonardo. Industry 4.0 Capgemini and Audi have launched a joint venture: XL2. Following regulatory approvals, the company was founded at the end of April.

2020 174
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Honda secures auto industry’s largest renewable energy purchase; 60% reduction in CO2 from N.A. manufacturing operations

Green Car Congress

Seeking to slash CO 2 emissions from its North American manufacturing operations, Honda has entered into long-term virtual power purchase agreements (VPPAs) for renewable wind and solar power that will cover more than 60% of the electricity that Honda uses in North America.

2019 249
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Consumer Reports calls for major safety improvements across auto industry after NTSB findings in Tesla investigation

Green Car Congress

In light of new findings by the National Transportation Safety Board (NTSB) related to investigation of a fatal Tesla crash in 2018 related to Tesla Autopilot, Consumer Reports called for manufacturers to include key safety features in any vehicle that has an active driving assistance system and for the National Highway Traffic Safety Administration to ensure that is the case. This shouldn’t be considered optional.

2020 174
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Joe Biden gives GM CEO Mary Barra credit for ‘electrifying the entire auto industry,’ but he’s wrong

Electrek

US President Joe Biden was at the inauguration of GM’s Factory Zero yesterday, the company’s first electric vehicle factory, and he gave a speech in which he gave credit to GM CEO Mary Barra for “electrifying the entire auto industry.”

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Elon Musk finally names Tesla’s main rival—and it’s way bigger than the auto industry

Teslarati

It’s easy to fall into the Tesla vs. legacy auto narrative. Since the days of the original Roadster, it appeared that Tesla was this company that was determined to make a change by forcing the automotive industry to go electric. Tesla did force the automotive industry to go electric.

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Is Tesla's Sales Model Poised To Transform The Auto Industry?

InsideEVs

Tesla has been breaking production and delivery records despite obstacles that are hindering the industry as a whole

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Biden: GM Electrified The Auto Industry, Detroit Is EV World Leader

InsideEVs

Yes, these remarks are real and were made by the President at GM's Factory ZERO's grand opening yesterday

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Big Oil To 'Lose Control Of Auto Industry': Energy Conference

Green Car Reports

It's not uncommon for media commenters to look at electric-car sales numbers, only to conclude that the segment is teetering on the brink of death. Electric cars will never become mainstream, they argue, because of fickle consumers who base their-car purchases on what the price of gas happens to be the moment they walk into a dealership. Yet while. oil energy policy plug-in cars energy

2015 129
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Visiting Ford EV Center, Biden says, “The future of the auto industry is electric”

Plug in America

The future of the auto industry is electric,” said President Biden. This week, President Joe Biden visited the Ford Motor Company Rouge Electric Vehicle Center in Dearborn, Michigan, getting a preview of the all-electric version of their F-150 pickup truck, the highest-selling vehicle in the country. There’s no turning back. … The only question is whether we’ll lead the race or fall behind.” We couldn’t agree more. .

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Will US auto industry simply succumb to China over electric cars?

Green Car Reports

auto industry was the world's largest. For a century, the U.S. That ended in 2009, when China's sales of 13.5 million new vehicles surpassed a recession-slammed U.S. total of 10.4 million. Last year, U.S. drivers bought 17.5 million new vehicles—against more than 30 million sales in China. DON'T MISS: Why China will beat U.S. in electric-car. China plug-in cars

2018 92
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ISU study finds large potential for biobased materials in auto industry, but with challenges

Green Car Congress

A study by researchers at Iowa State University has determined that the automotive industry has a very large potential to utilize biobased materials. However, they noted, there are also many challenges associated with the use of biobased parts in the auto industry. The above challenges contribute to the complex nature of the automotive industry and its products.

2012 218
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Mitsubishi Rayon acquires majority of carbon fiber reinforced plastics company Wethje; targeting auto industry

Green Car Congress

MRC) recently executed a share sales and purchase agreement by which it will acquire 51% of Wethje Holding GmbH , a German company engaged in manufacturing of carbon fiber reinforced plastics (CFRP) parts for automobile applications, from Wethje parent Cross Industries AG. MRC observed that the European Automotive industry is moving towards a full-scale adoption of CFRP parts. Mitsubishi Rayon Co.

2014 190
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Finally, auto industry starts to admit: electric vehicles are better

Green Car Reports

Electric cars are often touted for their financial and environmental benefits, but there's another major perk they offer to consumers. They're very nice to drive. Many drivers have been won over by electric cars' near-silent operation and instant torque delivery. DON'T MISS: Electric Cars' Secret Advantage: They're Just Nicer To Drive (Apr 2012). Advertising sales plug-in cars Car Advertising Car Sales

2016 95
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Volkswagen Group’s new Future Tracks program targeting digitalization era in auto industry; “James 2025”

Green Car Congress

Dieter Kempf, President of BITKOM, the IT industry Association, Winterkorn declared that the increasingly intensive networking of cars with their surroundings and automatic driving would be the key topics for the intelligent mobility of the future. At the Geneva show, Winterkorn introduced the Future Tracks program by saying : Over the next few years, our industry will face one of the greatest upheavals since the invention of the automobile.

2014 188
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The Auto Industry Must Aim 100% Electrification In 2 & 3-wheeler Segments Says Amitabh Kant

Get Electric Vehicle

He was CEO, of NITI Aayog (National Institution for Transforming India)- the Govt of India’s premier policy Think Tank & before that secretary, to the Department of Industrial Policy & Promotion. Till March 2016 Amitabh Kant was posted as Secretary, Department of Industrial Policy and Promotion (DIPP) – Government of India. G20 Sherpa Amitabh Kant stated that India must aim for 100% electrification of two- and three-wheelers over the next four years.

India 40
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European Auto Industry Expresses Concern Over Iron Ore Price Hikes

Green Car Congress

The European automobile industry expressed concern about the “ sudden and massive ” increase in the price of iron ore, a crucial material for producing steel. Such “ excessive and unpredictable ” pricing policy would affect the competitiveness of manufacturing in Europe, including the automotive industry, according to a statement from ACEA, the European auto industry’s trade association.

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Largest Auto-Industry Employer In California: Electric-Car Maker Tesla Motors

Green Car Reports

It''s also, amazingly, become California''s biggest auto-industry employer--edging out even Toyota. Tesla Motors is one of the youngest U.S. automakers, but has made a disproportionately large impact in the automotive media''s headlines over the last few years. When Toyota makes its move to Texas, taking most of its 5,300 jobs to the Lone Star State

2014 128
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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. Alongside advances in gasoline and diesel vehicle technology, the industry is investing heavily in alternative technologies.

2018 190
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EC rolls out CARS 2020 action plan for European auto industry

Green Car Congress

Antonio Tajani, Vice President of the European Commission in charge of Industry and Entrepreneurship, introduced the EC’s CARS 2020 Action Plan aimed at reinforcing the European automotive industry’s competitiveness and sustainability heading towards 2020. The anticipated action plan comes at a time when the automotive industry is facing particular pressure due to a strong decline of the EU market and structural overcapacities.

2012 204
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US Auto Industry Pushes Biden To Move Forward With EV Adoption Plan

InsideEVs

Several major automakers are on board with Biden's optimistic plan, including GM, Toyota, and Volkswagen

GM 87
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VW Diesel Scandal Erodes Trust In Germany, Auto Industry Too

Green Car Reports

The revelation that Volkswagen used "defeat device" software to cheat on U.S. emissions tests shook the public's confidence in one of the world's largest carmakers. Volkswagen hasn't done much to rebuild its reputation since its cheating was first revealed by the U.S. Environmental Protection Agency at a press conference in September. And VW may. TDI VW Germany Volkswagen diesel scandal

2016 83
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German ELAB study finds growth of alternative drivetrains to increase employment opportunities in auto industry

Green Car Congress

The growing share of alternative drive trains in the automotive industry offers opportunities for jobs in the automotive sector, according to the “ ELAB ” study, the first broad-based, practice-oriented analysis of the effects of technological change on employment in the automotive industry. The coexistence of several different drive concepts will result in at least steady to intermittently rising employment in the industry as analysis of the studied value chain shows.

2012 200
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Thomson Reuters report finds established auto industry companies, not Silicon Valley, leading development of autonomous driving tech

Green Car Congress

Established automotive industry companies—not Silicon Valley—are leading the development of autonomous driving technology, according to a new report from the Intellectual Property and Science business of Thomson Reuters. Although auto industry companies dominate the category, a number of more specialized technology and research institutions have amassed a noteworthy collection of self-driving vehicle-related patents.

2016 150
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Auto Industry Doing Fine In Meeting Gas-Mileage Goals, It Turns Out

Green Car Reports

The auto industry came very near to the precipice in 2009, and it agreed to significant new regulations to enable it to step back from the brink. Now, it turns out that it''s not only meeting, but actually beating, the required reductions in emissions. That means that, according to the U.S. Environmental Protection Agency, improvements in fleet

2014 108
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12th Five-Year Plan for Chinas auto industry to make new-energy vehicles priority

Green Car Congress

The 12 th Five-year Plan for China’s auto industry reportedly will make developing new-energy vehicles the top priority. The first draft of the 12 th Five-year Plan for China's automobile industry has already been formulated and the formal plan is scheduled to be released at the end of 2010. The new-energy automobile industry and other new strategic industries will play a leading role in the country’s economy in 10 years. People’s Daily.

2010 195
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European Auto Industry Asks For Higher Carbon Emission Limits

Green Car Reports

In the interest of reducing carbon emissions to reduce climate change, regulators around the world are forcing carmakers to boost the fuel efficiency of their upcoming products--substantially. This requires investments in new technologies and production of more efficient models at a more rapid pace than some automakers feel is justified--and in

2014 87
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Passenger vehicle sales in India grow 1% between Q1 FY19-FY23, reveals SIAM

Baua Electric

The Indian two-wheeler industry registered a degrowth of 10 per cent between first quarter of FY19 and FY23. By : HT Auto Desk | Updated on: 13 Jul 2022, 03:35. News auto industry auto sales cars SIAM

India 83
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China to Encourage Consolidation in Auto Industry; Push to Increase Market Share of Domestic Automakers

Green Car Congress

China’s central government plans to implement a new policy in the first half of this year to encourage auto industry consolidation and further the development of Chinese-brand passenger vehicles, an official from the Ministry of Industry and Information Technology said at a recent news conference. Beijing Automobile, Guangzhou Automobile, Chery, Geely and Sinotruk form the second tier in the country’s auto industry. China Daily.

2010 195