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EC rolls out CARS 2020 action plan for European auto industry

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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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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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China’s State Council has published a plan to develop the domestic energy-saving and new energy vehicle industry, which includes battery-electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. 2012 Chinese Auto Industry Development Report. 2012 Chinese Auto Industry Development Report.

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

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The unit is currently one of the world’s leading suppliers of components for internal combustion, hybrid and electric powertrains. 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.

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Tesla launches limited-time 0.99% APR loan rate on U.S. Model Y orders

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On Friday night, Tesla launched the promotional financing on its website for the Model Y, offering a 0.99 percent APR interest rate for buyers who finance the electric vehicle (EV) on an order placed by May 31. Tesla has also launched a number of buying incentives in recent months, and especially leading up to the end of Q1.

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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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The Auto Industry Must Aim 100% Electrification In 2 & 3-wheeler Segments Says Amitabh Kant

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When that occurs, the initial cost of purchasing an EV without a FAME subsidy will be less than that of an equivalent internal combustion engine vehicle. He did agree, however, that the EV sector still confronts hurdles in terms of financing these vehicles. As a result, the overall cost of ownership of an EV is already lower.

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

Teslarati

Tesla China’s Global Vice President Grace Tao recently visited the China EV100 to discuss key issues about developing the auto market. Tesla China is willing to work with China EV100 to study upcoming challenges for the auto industry and promote development in the industry. expansion project.

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