article thumbnail

IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

in 2014 as a result of industrial overcapacity and weakness in the real estate sector. However, IHS Automotive analysts still expect light vehicle sales in China to grow by 7% in 2015 to 25.2 million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs.

2015 150
article thumbnail

Vision-oriented AI company Recogni raises $25M; investors include Toyota AI Ventures, BMW i Ventures, Faurecia

Green Car Congress

the designers of a vision-oriented artificial intelligence platform for autonomous vehicles, announced $25 million in Series A financing led by GreatPoint Ventures with participation from Toyota AI Ventures, BMW i Ventures, Faurecia, Fluxunit (VC arm of lighting and photonics company OSRAM), and DNS Capital. Recogni Inc. ,

BMW 150
article thumbnail

ZF opens state-of-the-art technology centre in Mexico | Autocar Professional

Baua Electric

. “This centre is of utmost importance to our company regionally and globally, as it will allow us to drive innovation and the development of new technologies, helping us stay at the forefront of the mobility industry. The R&D Centre has 16 laboratories that can perform tests to prevent and correct product failures.

Mexico 52
article thumbnail

DOE taking steps to revitalize Advanced Technology Vehicles Manufacturing (ATVM) Loan Program

Green Car Congress

The US auto industry has evolved since the ATVM Program was established and today we are presented with an opportunity to hit the accelerator on US auto manufacturing growth. The LPO made a total of 5 awards; the other four were: $529 million to Fisker (discontinued). 5.907 billion to Ford (closed). —Secretary Moniz.

article thumbnail

BNEF forecasts EVs to hit 54% of new car sales by 2040; decreasing importance of PHEVs

Green Car Congress

Electric vehicles will make up the majority of new car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to a new forecast published by Bloomberg New Energy Finance (BNEF). We see a momentous inflection point for the global auto industry in the second half of the 2020s.

PHEV 170
article thumbnail

8-state alliance releases action plan to put 3.3M ZEVs on their roads by 2025

Green Car Congress

Since the MOU signing, state regulators, the auto industry and infrastructure developers and other stakeholders have shared information and best practices to help move this effort forward. Assessment of creative vehicle financing innovations. Provide consumer incentives to enhance the ZEV ownership experience.

Plug-in 244
article thumbnail

Fitch Ratings: US automakers well positioned for weak demand in 2012; estimates break-even for Detroit 3 at 10.5M units

Green Car Congress

Global rating agency Fitch Ratings expects the financial profiles of US automakers and parts suppliers to remain resilient in a downside scenario characterized by sluggish global economic growth and weaker-than-expected North American light-duty vehicle demand. Fitch expects light vehicle sales in the US to total 13.2

2012 186