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Magna lags profit estimates, cuts annual sales forecast on supply chain snags – ET Auto

Baua Electric

Canada’s Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. The company’s shares were down about 4% in early trade. billion to USD 44.2 billion to USD 45.4

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German ELAB study finds growth of alternative drivetrains to increase employment opportunities in auto industry

Green Car Congress

The growing share of alternative drive trains in the automotive industry offers opportunities for jobs in the automotive sector, according to the “ ELAB ” study, the first broad-based, practice-oriented analysis of the effects of technological change on employment in the automotive industry.

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Tesla delivery forecast set to surge 33% in 2022: Wedbush

Teslarati

Tesla’s ( NASDAQ: TSLA ) delivery forecast is set to surge by one-third in 2022 from 2021, according to a new investor note from Wedbush analyst Dan Ives. “With EVs representing 3% of overall autos globally and poised to hit 10% by 2025, there will be much more competition in a massively increasing share of the global auto market.”

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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. social impacts of restructuring. of around 16% of GDP to as much as 20% by 2020.

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BNEF forecasts cumulative 26 GWh of second-life EV battery storage by 2025

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In a new report for clients, Bloomberg New Energy Finance (BNEF) forecasts that there will be 29 GWh of used EV batteries coming out of cars in 2025. The auto industry is divided on the issue. This far exceeds the size of the current stationary storage market.

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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). This represents an aggressive jump compared to BNEF’s previous forecast of 35% EV new car market share by 2040.

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Euro 7 emissions same old to price again and again EU forecasts, ACEA says

Baua Electric

Proposed Euro 7 emissions rules will top to direct prices for automakers which might be as much as 10 instances upper than the Ecu Fee’s forecasts, business lobbying staff ACEA stated, mentioning a fresh learn about. ACEA stated the rise in costs for shoppers and corporations purchasing the ones automobiles could be even upper.

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