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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 Commission is convinced that financing should cover.

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Tesla analysts still confident in TSLA despite Giga Shanghai shutdown and supply chain challenges

Teslarati

More broadly, we’ve seen Tesla execute incredibly well in a challenging supply chain environment as well,” he added. Rosner also pointed out that Tesla’s year-over-year growth was notable, given that the global auto industry is down on a year-over-year basis. And so this has been a critical week.

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

Green Car Congress

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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thyssenkrupp Automotive pressing on with transformation of its powertrain business towards e-mobility

Green Car Congress

Starting out from traditional valve train systems for internal combustion engines, around ten years ago we started developing and industrializing new products for electric powertrains. thyssenkrupp is one of the leading suppliers and engineering partners to the international auto industry.

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2020 Hyundai Sonata Hybrid $249 lease tops June plug-in, hybrid, electric car deals

Green Car Reports

Although the cheap low-interest or no-interest financing deals for new vehicles have mostly gone away, as the auto industry recalibrates supply to a new coronavirus-recovery norm for demand, many of them are still good through June in the green-car sector—leading to some standout deals for electric cars, plug-in hybrids, and hybrid vehicles. (..)

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

Teslarati

Tao’s meeting with China EV100 covered major research topics about the automotive industry, including automotive data management, consumer-side carbon trading management, urban electric mobility promotion, and even the participation of multinational companies in China’s supply chain. expansion project.

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Elon Musk considers South Korea for next Tesla Gigafactory location: report

Teslarati

The Minister of Innovation, Science and Industry in Canada, Francois-Philippe Champagne (FPC), confirmed that he held talks with Tesla. Canada has been working on becoming the global auto industry’s “supplier of choice.” Tesla Canada. Minister Champagne also visited Tesla’s Markham facility in Canada.