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

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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.

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

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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. ,

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

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. “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.

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

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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. . $5.907 billion to Ford (closed). 1.448 billion to Nissan (closed). 465 million to Tesla (closed). —Secretary Moniz.

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

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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.

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

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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. to be seen throughout the US auto sector. million units in 2012, up 4.4%

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Ford CEO: Ford to focus on 5 key areas of innovation: mobility, autonomy, connectivity, customer experience and performance

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The evolution of mobility has long been a hot button for Ford Executive Chairman Bill Ford, who urges that Ford think of itself as a mobility company rather than just an auto company. Ford has made a number of recent announcements reflecting the focus on those areas. Earlier post.). Power and General Motors.

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