Remove Auto Industry Remove Financing Remove Future Remove Motor
article thumbnail

EC rolls out CARS 2020 action plan for European auto industry

Green Car Congress

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.

article thumbnail

Polestar eyeing massive production growth, could hit 50k units this year

Teslarati

In an interview with Yahoo Finance , the Polestar CEO stated that the company is on track to produce 50,000 units this year, spurred on by help from Volvo and Geely, Polestar’s parent companies. and other new products will follow it in the near future.

article thumbnail

Musashi appoints Naoya Nishimura as CEO for India, Africa region – ET Auto

Baua Electric

With his remarkable leadership and extensive background in Research & Development, Electrification and business expansion, he brings a fresh perspective to Musashi India’s vision of revolutionizing the auto industry with supreme quality products. Previously Naoya Nishimura was the global Chief R&D Officer at Musashi.

Africa 40
article thumbnail

Tesla replays DOE loan nine years early

Green Car Congress

billion fundraising , Tesla Motors has paid off the entire loan awarded to the company by the US Department of Energy in 2010. The Department first offered loans to Tesla and other auto manufacturers in June 2009, when car companies couldn’t get other financing and many people questioned whether the industry would survive.

Tesla 334
article thumbnail

Hatchbacks not giving up territorial rights so easily | Autocar Professional

Baua Electric

That begs an important question: what does the future hold for hatchbacks? To make matters worse, even vehicle finance rates are at their peak at 9.5%. Compact is the king As per Tata Motors, it’s all about getting the models that capture the right customer needs and continue to cater to them. lakh to Rs 8.2

Suzuki 52
article thumbnail

2022 Rivian R1T: a real pickup truck makes an impressive debut

Charged EVs

A 135 kWh battery pack under the cabin and bed powers four 150 kW (200 hp) electric motors, one per wheel. Total power is quoted as 600 kW (800 hp), though the two rear motors provide slightly higher torque than the fronts, to assist in off-road hill-climbing. That brings us to the question of the company’s future. Stay tuned.

F-150 108
article thumbnail

Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

Green Car Congress

The economic impact of a General Motors or Chrysler bankruptcy is being debated across the country. Meanwhile, adding further downside pressure is that banks in many cases are working to reduce their exposure to the auto industry. Further, the government may be suffering from the early stages of bailout fatigue. Laura Marcero.

Grant 150