article thumbnail

Auto Alliance pushing for passage of Maryland SB 1234 that would require state purchase of ZEVs; 50% of LDVs by 2026

Green Car Congress

The Alliance of Automobile Manufacturers (Auto Alliance) is strongly supporting the passage of Maryland’s SB 1234 , a bill that would require the State of Maryland to purchase zero emission vehicles (ZEVs) for state fleets. The bill also includes a reporting requirement for State agencies that purchase vehicles.

Maryland 207
article thumbnail

Hertz to Buy Cadillac Lyriqs and Chevy Silverado EVs to Bolster Electric Rental Fleet

The Truth About Cars

Car rental companies have long pledged to make the transition alongside their auto industry partners, and Hertz recently announced that it would be adding the Cadillac Lyriq and Chevy Silverado EV.& Hertz said it had plans to purchase EVs from other automakers and will offer other electric models, including vans and pickup trucks.

article thumbnail

GM to buy back 200M shares held by US Treasury for $5.5B

Green Car Congress

General Motors today will purchase 200 million shares of GM common stock held by the US Department of the Treasury for $5.5 Government ownership of GM stock was the result of the auto industry rescue that began under President George W. billion, or $27.50 Bush in 2008 and which was expanded by President Barack Obama in 2009.

GM 259
article thumbnail

AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

Green Car Congress

Specifically, the firm estimates US auto sales will reach just 12.7 AlixPartners also estimates that on-going unemployment and underemployment could cost the auto industry up to 1.5 House appreciation historically has been used to finance the purchase of a new vehicle about 20% of the time. million in 2012.

article thumbnail

Tesla sales, VW tech, electric Harley-Davidson: Today's Car News

Green Car Reports

With final sales reports out from the whole auto industry, we built some context around Tesla's end-of-the-year sales numbers. Volkswagen buys wireless tech from Volvo. Harley-Davidson announces pricing and a date for buyers interested in purchasing its LiveWire electric motorcycle. And our.

Sale 75
article thumbnail

The Impact of Gas Price Trends on Vehicle Choice

Clean Fleet Report

When gas prices are on the rise, it had a big impact on the type of vehicles that people were buying. As a result, many people choose to purchase a more fuel-efficient vehicle in order to save money in the long run. In recent years, there has been a dramatic shift in the types of cars that Americans are buying.

Gas 90
article thumbnail

Volvo enters autonomous driving market via company acquisition

Teslarati

While many automakers now view autonomous driving products as the auto industry’s future, recent history has shown that it can be a highly volatile market. Now Volvo hopes to try its hand, buying out autonomous driving software and hardware supplier Zenseact. Zenseact is now a 100% subsidiary of Volvo Cars.

Volvo 98