Remove Auto Industry Remove Financing Remove Motoring Remove Motors
article thumbnail

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

Green Car Congress

The product spectrum mainly includes assembled camshafts and valve train systems for conventional powertrains as well as rotor shafts for electric motors. 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.

article thumbnail

GM Reaches Agreement with China-based Pacific Century Motors on the Sale of Nexteer Automotive

Green Car Congress

General Motors and Pacific Century Motors (PCM), an entity formed by The Tempo Group and E-Town, an affiliate of the Beijing Municipal Government, have reached an agreement for GM to sell GM Global Steering Holdings, LLC, commonly known as Nexteer, to PCM. Terms of the sale were not disclosed.

GM 186
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

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

Green Car Congress

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.

article thumbnail

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

Green Car Congress

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.

Financing 150
article thumbnail

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

Green Car Congress

US Secretary of Energy Ernest Moniz today highlighted improvements to the Advanced Technology Vehicles Manufacturing (ATVM) Loan Program at the Motor & Equipment Manufacturers Association (MEMA) Legislative Summit. 5.907 billion to Ford (closed). 1.448 billion to Nissan (closed). 465 million to Tesla (closed). —Secretary Moniz.

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. Plant 2 in Mexico will serve as an essential production base to supply 2.72

Mexico 52