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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. social impacts of restructuring. of around 16% of GDP to as much as 20% by 2020.
The ICCT study finds that the United States’ share of cumulative global EV production decreased from 20% to 18% since 2010 and only 15% of the approximately $345 billion in global automaker EV investments are flowing to the US. Similarly, European manufacturing accounted for 25% of global EVs through 2020, up from 23% in 2017.
Broadly, the investments announced focus on the development of production facilities, technology, EV batteries, new product and securing future raw material supply (primarily semiconductors and battery materials). and is an innovation leader with the highest number of patents filed amongst other global automakers.
Ford plans to survey 35 top global suppliers on their energy use and estimated greenhouse gas emissions as part of a broader effort to reduce carbon emissions within the autoindustry. Tony Brown, Ford group vice president, Global Purchasing. Bosch and Johnson Controls.
Specifically, the firm estimates US auto sales will reach just 12.7 AlixPartners also estimates that on-going unemployment and underemployment could cost the autoindustry up to 1.5 million units in 2011 and only 13.6 million in 2012. million units in lost vehicle sales this year. Preventing that erosion will be key.
Despite supply chain issues that have affected the entire autoindustry, Volkswagen claims to have reached a delivery goal for its ID-family electric cars early. VW on Monday said it had passed 500,000 global deliveries of ID models since the first European-market ID.3 It claims to have.
GlobalFoundries (GF), a global leader in feature-rich semiconductor manufacturing, and Ford Motor Company announced a strategic collaboration to advance semiconductor manufacturing and technology development within the United States, aiming to boost chip supplies for Ford and the US automotive industry.
In the long term, the energy density needs for electric aviation far outstrip the goals of current DOE and industry investments, requiring strategic thinking around the best approaches to enable this future. So, the next decade will see a global race to commercialize electric flight, according to the white paper.
General Motors (GM) and GlobalFoundries (GF) have entered a strategic, long-term agreement establishing a dedicated capacity corridor exclusively for GM’s chip supply. We see our semiconductor requirements more than doubling over the next several years as vehicles become technology platforms.
By: Mainak Das | Updated on: 12 Jun 2025, 11:55 AM Skoda Auto India claims that it is not facing any disruption owing to the rare earth magnet supply chain crisis. Skoda Auto India claims that it is not facing any disruption owing to the rare earth magnet supply chain crisis.
of all Volvo cars sold globally during the month. Volvo Cars said that as the supply chain constraints continue to slowly ease, production is improving month over month. Supply shortages will remain a constraining factor for Volvo Cars and the autoindustry. compared with the same month last year. of total sales.
Plug-in electric vehicles will play a critical role for the globalautoindustry to cope with issues related to fuel supply and environmental sustainability. China, the largest auto production and consumption market, has explicitly made alternative energy vehicle development a state strategy. Earlier post.).
Stellantis appears to be strengthening its ties in China’s automotive industry. Stellantis recently repurchased €934 million in shares from Chinese auto company Dongfeng as per a pre-existing share repurchase framework. In October, the legacy automaker invested in China-based Leapmotor to expand its global electric vehicle (EV) sales.
The research has been published by the Manufacturing Intelligence division of global technology company Hexagon, whose technology touches 95% of all cars produced every year. —Ignazio Dentici, VP Global eMobility Industry for Hexagon’s Manufacturing Intelligence division.
to meet the growing global demand for its next-generation mobile air conditioning (MAC) refrigerant. With this start-up, the plant has become the world’s largest site for producing HFO-1234yf—sold commercially as Solstice yf—a low-global-warming-potential (GWP) refrigerant. Earlier post.).
But the most immediate and pervasive risk to the economy is a wholesale collapse of the automotive supply base, Grant Thornton LLP partner Laura Marcero told the Automotive Press Association in Detroit. Grant Thornton LLP is the US member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations.
A123 Systems has expanded its business development partnership with IHI Corporation, one of the largest industrial equipment manufacturers in Japan. A123 will license its battery system technology to IHI, which will develop solutions for passenger and commercial electric vehicles in Japan using A123 battery cells.
The raise comes at a time when capital is scarce, the autoindustry is struggling and the global economy is just beginning to rebound. Fisker Automotive earlier last week signed a multi-year supply agreement with A123 Systems for the lithium-ion batteries that will power the Karma. Earlier post.). Earlier post.).
The CHIPS Act would establish investments and incentives to support semiconductor manufacturing, research & development, and supply chain security in the United States. Companies around the globe have been affected by the global chip shortage, including US automakers like Ford, General Motors, and Tesla. .
The COVID-19 has hit the Chinese EV sector hard; CRU, a provider of business intelligence on the global metals, mining and fertilizer industries, believes that weak sales will last at least until early Q2 2020. for the whole Chinese autoindustry. EV sales in China dropped 75.2% y/y in February, with a decline of 79.1%
the world leader in aluminum rolling and recycling, plans to establish a global network of Customer Solution Centers (CSCs) to accelerate collaborative innovation between Novelis and automakers for the next generation of vehicle design. Novelis Inc., The first center is scheduled to open in Novi, Michigan with China and Europe to follow.
The investment positions Aleris to meet anticipated significant growth in North American automotive demand as the industry pursues broader aluminum use for the production of lighter, more fuel-efficient vehicles. The material can be supplied in coil, sheet or shaped blanks (such as trapezoidal and radials).
The Commonwealth of Kentucky, the University of Kentucky (UK) and University of Louisville (U of L) are partnering with the US Department of Energy’s (DOE) Argonne National Laboratory to establish a national Battery Manufacturing R&D Center to help develop and deploy a domestic supply of advanced battery technologies for vehicle applications.
This year was filled with challenges for the vast majority of the autoindustry. The pandemic continues, supply chain woes haven’t slowed down, and chip shortages are plaguing most automakers globally. Meanwhile, Tesla has battled on — as it always does. Looking ahead, 2022 could continue to present challenges.
Thanks to the “Buy American” requirements of the Bipartisan Infrastructure Law (BIL) and Inflation Reduction Act (IRA), and similar provisions in the EU’s new Battery Directive, traceability is becoming a critical function in the EV industry. Traceability is a topic we’re beginning to hear a lot about in the EV industry.
Fields said that Ford’s investments in products, people, plants and technology, combined with industry growth, are not only delivering a year of growth in terms of revenue, pricing power, operating margins and profitability in 2014, but are setting the stage for growth in and beyond 2015. That’s a tremendous amount of growth. Earlier post.).
Ford is working with its international nonprofit and grantmaking partners to support and promote a pilot program that will empower women working in the copper and cobalt supply chains in the Democratic Republic of Congo (DRC). —Sue Slaughter, purchasing material cost and supply chain sustainability director.
Automotive and industrial supplier Schaeffler has opened a new production facility at its Szombathely location in the west of Hungary. The goal is sustainable mobility, and we are determined to make real progress in that direction as a key technology partner for our customers by leveraging our global network of production facilities.
Tesla China’s Global Vice President Grace Tao recently visited the China EV100 to discuss key issues about developing the auto market. Tesla Giga Shanghai has also localized more than 90% of its supply chain. Recently, Elon Musk briefly mentioned the supply chain challenges Tesla still faces today.
Alix Partners reached out to 3,200 executives 1,000 of which were based in North America and 320 of which stemmed from the autoindustry to create the report. For the automotive industry, the report notes that many markets are in a period of high volatility.
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 globalautoindustry is down on a year-over-year basis.
One looming artifact of the pandemic that remains in 2023—the global chip shortage —has gratefully begun to recede. Unlike the state of things in mid 2021—when crimps in the semiconductor supply chain cropped up in big ways—supply and demand have become much less of a mismatch. In March of 2023, the U.S.
CLEPA (the European umbrella membership organization representing the interests of the global automotive supplyindustry) and EUCAR (the European Council for Automotive R&D from the major European passenger car and commercial vehicle manufacturers) jointly prepared the document. Funding will be spread over four years. €1
This plant, located in San Luis Potosí, will allow Constellium to respond to increasing demand for lightweight, high-strength aluminium Crash Management Systems and automotive structures for the expanding autoindustry in Mexico. The facility is expected to start production in 2018. Constellium generated €5.2
The Japan Automobile Manufacturers Association, Inc (JAMA), a nonprofit industry association comprising fourteen manufacturers of passenger cars, trucks, buses and motorcycles in Japan, recently issued position statements on and recommended specifications for bioethanol and biodiesel (fatty acid methyl ester, FAME).
Nissan is also planning to have 4 EVs on the market, including the Nissan LEAF, and says it will take global leadership in supplying batteries for electric drive. On behalf of the Alliance, Nissan will lead the development of an all-new fuel cell electric vehicle (FCEV) together with strategic partner, Daimler.
During the first quarter, the number of cars sold increased gradually to a total of 148,295 cars as the supply chain constraints affecting Volvo Cars and the autoindustry continued to slowly ease. of all Volvo cars sold globally during the month. compared with the same month last year. of total sales.
Well I do not accept a future where the jobs and industries of tomorrow take root beyond our borders—and I know you don’t either. Thanks to our recovery plan, we will double this nation’s supply of renewable energy in the next three years. New plug-in hybrids roll off our assembly lines, but they will run on batteries made in Korea.
This new partnership allows us to secure supply, to take advantage of economies of scale, and to provide our customers with superior battery technology. On top of that we can help to ensure that Europe remains at the heart of the autoindustry even in an electric era.
Musk also noted that he believes the global chip shortage issue is a “short term” problem and not one that would be true for the long term. “Because demand will remain high and supply will remain constrained, we expect this shortage to last through 2022 and into 2023,” O’Donnell noted.
Despite lingering supply chain bottlenecks disrupting the globalautoindustry, the BMW Group achieved record revenue in Q3 as sales and demand for its electric vehicles continue propelling the German luxury automaker forward.
“World over, the industry is building resilient supply chains by reducing overdependence on any particular country or geography,” said Shradha Suri Marwah, president of ACMA. Besides reducing imports, the industry also looks to make India an export hub for advanced auto components. lakh crore in FY22.
After two consecutive years of swift growth in the autoindustry’s performance, what is your outlook for 2024? 2024 is likely to see the industry stabilize and return to normal. 2024 is likely to see the industry stabilize and return to normal. 2024 is certainly promising, although with its own challenges.
percent against the global average of 2.9 And the automobile industry in India is a significant contributor to the country’s economy. Some companies are also implementing in-house training workshops which facilitate employees to remain abreast with recent technological developments and trends in their respective industries.
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