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Panasonic seeks to expand business in the auto industry 

Teslarati

The parent company hopes to give Panasonic Automotive “access to large and new financing opportunities.” The post Panasonic seeks to expand business in the auto industry appeared first on TESLARATI. Panasonic agreed to sell a stake in its automotive unit to Apollo Global Management in November.

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

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processes, including production planning, logistics, finance, maintenance, quality and materials management. The company’s goal is to expand its project business gradually and achieve a powerful workforce within the next five years. XL2 is designed to enable end-to-end digital manufacturing, covering all central.

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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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US Treasury To Provide Up To $5B in Financing For Auto Supplier Support

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While the President’s Task Force on the Auto Industry continues to review restructuring plans submitted by General Motors and Chrysler, the US Department of the Treasury announced an Auto Supplier Support Program that will provide up to $5 billion in financing to US-based suppliers.

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

Teslarati

There was a time when BYD’s sustainable vehicle efforts were seemingly brushed aside by industry leaders like Tesla CEO Elon Musk. 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.

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