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Panasonic seeks to expand business in the auto industry 

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Panasonic Automotive already formed relationships with companies in the industry, like Amazon and Fisker. Last year, Panasonic Automotive Systems Company of America unveiled Virtual SkipGen, a collaboration with Amazon. Panasonic agreed to sell a stake in its automotive unit to Apollo Global Management in November.

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EC rolls out CARS 2020 action plan for European auto industry

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It is the first deliverable of the New European Industrial Policy outlined in an earlier communication. This Action Plan is based on four pillars: investing in advanced technologies and financing innovation; improving market conditions; enhancing global competitiveness; and investing in human capital and skills and softening the.

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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

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2012 Chinese Auto Industry Development Report. The fifth annual report on China’s auto industry—2012 Chinese Auto Industry Development Report—says that the next 20-30 years will be a “critical period” that will see the formation of a global new-energy vehicle industry.

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BYD celebrates 7 million new energy vehicle (NEV) production milestone

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That time has long passed, and BYD’s presence in the hybrid, PHEV, and BEV sector has grown to a point where it has garnered the respect of the global auto industry. As noted by the Chinese automaker in a post on Weibo, its 7 millionth NEV is an N7 SUV from the company’s premium sub-brand Denza.

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

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AlixPartners also estimates that on-going unemployment and underemployment could cost the auto industry up to 1.5 According to the study, historically, approximately one of every five vehicles sold is financed by home-value appreciation, a ratio that’s likely to decrease with the continuing stagnancy in home values.

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Tesla Giga Shanghai aims for 500k annual output for 2021: report

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Tesla China’s Global Vice President Grace Tao recently visited the China EV100 to discuss key issues about developing the auto market. The company surpassed its 2020 guidance last quarter. Supply chain challenges have hit most, if not all, automakers and tech companies hard. expansion project.

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FCA proposes 50:50 merger with Groupe Renault

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Groupe Renault also has a well-established and profitable financing business (RCI Banque). The FCA proposal follows initial operational discussions between the two companies to identify products and geographies where they could collaborate, particularly as they develop and commercialize new technologies.