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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

Green Car Congress

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.

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Mitsubishi Rayon acquires majority of carbon fiber reinforced plastics company Wethje; targeting auto industry

Green Car Congress

MRC) recently executed a share sales and purchase agreement by which it will acquire 51% of Wethje Holding GmbH , a German company engaged in manufacturing of carbon fiber reinforced plastics (CFRP) parts for automobile applications, from Wethje parent Cross Industries AG. Mitsubishi Rayon Co.

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ACMA awards 59 companies for excellence in production, innovation, localisation, exports – ET Auto

Baua Electric

The jury panel for the 58th ACMA Excellence Awards, besides Vinod Aggarwal, included, Sunil Kakkar, SIAM Aatmnirbhar Bharat Sourcing Group; and Senior Executive Officer – Supply Chain & Enterprise Strategy at Maruti Suzuki India, Sanjeev Jain, Director Purchase at Honda Motorcycle & Scooter India; Ganesh Mani S.,

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China's NEV sales up 24% MoM to 653,000 in Mar, CAAM data show

CN EV Post

Production of NEVs in China was 674,000 units in March, up 44.8 Production of all vehicles in China was 2,584,000 units in March, up 15.3 The CAAM proposes that China's central and local governments continue to introduce policies to promote auto consumption, given the current weak market expectations. percent from February.

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AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

Green Car Congress

Specifically, the firm estimates US auto sales will reach just 12.7 AlixPartners also estimates that on-going unemployment and underemployment could cost the auto industry up to 1.5 House appreciation historically has been used to finance the purchase of a new vehicle about 20% of the time. million in 2012.

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China to allow extended sales periods for ICE models based on existing emissions standard, report says

CN EV Post

Price war has been the most talked about topic in China's auto industry this month, and the imminent implementation of a new emissions standard is seen as a major factor. On March 23, China's Auto Dealers Chamber of Commerce (CADCC) called on regulators to delay the implementation of the China 6b emissions standard.

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Ceres: national fuel economy and emissions standards can increase viability of domestic automakers and suppliers

Green Car Congress

New analysis commissioned by Ceres, a sustainability nonprofit organization working with investors and companies, suggests that national fuel economy and emissions standards can help increase the viability and international competitiveness of domestic automakers and suppliers. —Carol Lee Rawn, transportation program director at Ceres.