Remove Automobile Industry Remove Economy Remove Future Remove Industry
article thumbnail

NHTSA to propose new fuel economy standards soon; 8% increase per year for MY 2024-2026

Green Car Congress

The US Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) announced that it will soon propose robust new fuel economy standards. NHTSA’s proposal comes as the automobile industry is retooling future models in response to market demand for cleaner, more fuel-efficient vehicles.

article thumbnail

Japanese automobile industry establishes joint Research Association of Automotive Internal Combustion Engines (AICE)

Green Car Congress

Eight Japanese automakers and one automobile research institute—Suzuki Motor; Daihatsu Motor; Toyota Motor; Nissan Motor; Fuji Heavy Industries; Honda R&D; Mazda Moto; Mitsubishi Motors; and Japan Automobile Research Institute (JARI)—have jointly established the Research Association of Automotive Internal Combustion Engines ( AICE ).

article thumbnail

Fast evolving auto industry needs befitting HR solutions | Autocar Professional

Baua Electric

It’s no secret that the Indian economy witnessed a great year, closing 2023 with a GDP of USD 3.73 And the automobile industry in India is a significant contributor to the country’s economy. trillion, GDP per capita at USD 2,610 and a projected GDP growth rate of 6.3 percent against the global average of 2.9

article thumbnail

Asahi Kasei collaborates on development of recycling technology for carbon fiber from autos

Green Car Congress

Carbon fiber reinforced plastics (CFRP) are highly attractive for various industries in demanding application fields due to their unique balance of rigidity, mechanical strength and light weight. This results in high-quality, inexpensive continuous carbon fiber that can be recycled perpetually, contributing to circular economy.

article thumbnail

CEO’s Take On 2024: Demand for feature-rich, safe, connected and electric vehicles to drive auto parts industry, says Bosch India chief – ET Auto

Baua Electric

Guruprasad Mudlapur, President- India, Bosch Group, and Managing Director, Bosch Limited Edited excerpts: Q: After two consecutive years of swift growth in the auto component industry’s performance, what is your outlook for 2024? The automotive industry is in transition.

India 52
article thumbnail

California ARB Backs White House Program for Medium- and Heavy-Duty and Next Phase of Light-Duty Vehicle GHG and Fuel Economy Standards; Looking for LDV Improvements on the Order of 3-6% Annually

Green Car Congress

Nichols also said that California will work with Federal agencies on the next phase of light-duty vehicle GHG and fuel economy standards for model years 2017-2025. Earlier post.). However, California is beginning work on the second phase of Pavley regulations (Pavley II), linked with the LEV III and ZEV initiatives. Earlier post.).

article thumbnail

University of Michigan Report Finds Focus on Fuel Economy Would Be Very Profitable for Detroit 3; Says Rapid, Wide-Reaching Change in Business Models Required for Turnaround

Green Car Congress

According to the study, higher fuel economy standards would benefit the Detroit 3 automakers the most. Further, the report finds that the existing culture within the domestic auto companies systematically underestimates the value of fuel economy, which has crippled profitability. Source: McManus and Kleinbaum. Click to enlarge.