Remove Automobile Industry Remove Chinese Remove Financing Remove Sale
article thumbnail

EIA: China promoting both fuel efficiency and alternative-fuel vehicles to curb growing oil use

Green Car Congress

To counter this trend triggered by China’s rapid motorization, the Chinese government is adopting a broad range of policies, including improvements in the fuel economy of new vehicles and the promotion of alternative-fuel vehicles, EIA notes. China vehicle sales and gasoline consumption. Source: EIA. Click to enlarge.

article thumbnail

Volkswagen Adding 1.6B to Investment for China; 6B Total

Green Car Congress

In view of the dynamic development of the Chinese automobile market, Volkswagen has added €1.6 Growth in the Chinese automobile market has exceeded everyone's expectations”. In 2010, the Volkswagen Group will be launching a total of seven new or updated models produced locally on the Chinese market. billion (US$2.1

China 186
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

China is targeting the cumulative production and sales of more than 5 million new energy vehicles, including fuel cell vehicles, by that time as well. However, generally speaking, the government continued, China has not achieved a breakthrough with new energy automobiles and core components of the key technologies.

article thumbnail

Volkswagen Group to Invest 4B by 2011 to Expand Activities in China

Green Car Congress

The investments are to be financed from the cash flow of the Chinese joint venture companies. Volkswagen Group China is well on the way to reaching the target of doubling sales to two million vehicles laid down in our Strategy 2018 earlier than planned. —Dr. Winfried Vahland, President and CEO of Volkswagen Group China.

China 210
article thumbnail

VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

Green Car Congress

Winterkorn noted that the industry is experiencing its worst crisis in decades, with a collapse in the global market of 18% in the first half of this year. Although Volkswagen sales were down 5.1% for the first half, in June unit sales rose 6%. We have rock-solid finances. 2 -neutral fuels play another key role.

2013 150
article thumbnail

GM Says Chevrolet Volt Won't 'Pay the Rent' | Autopia from Wired.com

Tony Karrer Delicious EVdriven

Posted by: tons of | Apr 13, 2009 8:23:08 PM When Toyota first sold the Prius in the US, they were losing money on every sale. They can not be tied to a mileage tax, a three fold increase in the gasoline tax, and support collection of state sales taxes on a national level because people see these taxes on a daily basis. Never again.

Volt 41