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Under current law, consumers may receive a tax credit of up to $7,500 if they purchase an eligible electric vehicle. The Driving America Forward Act raises the cap and allows purchasers of an additional 400,000 vehicles per manufacturer to be eligible for the tax credit. ITC Holdings Corp.,
National Electric Vehicle Sweden AB (NEVS)—an international consortium formed by Chinese, Japanese and Swedish stakeholders—and the Receivers of the Saab Automobile bankruptcy estate ( earlier post) signed a purchase agreement covering the main assets of Saab Automobile AB, Saab Automobile Powertrain AB and Saab Automobile Tools AB.
Seeking to slash CO 2 emissions from its North American manufacturing operations, Honda has entered into long-term virtual power purchase agreements (VPPAs) for renewable wind and solar power that will cover more than 60% of the electricity that Honda uses in North America.
Spyker) announced that it and Saab Automobile AB have signed a Memorandum of Understanding (MoU) with Pang Da Automobile Trade Co., Ltd (Pang Da), China’s largest publicly traded automobile distributor with more than 1100 dealerships nationwide. Pang Da shall make a €30 million (US$42.4
HAB), the Honda automobile production and sales subsidiary in Brazil, has begun construction of its new automobile production plant in the city of Itirapina in the state of São Paulo (approximately 200 km (124 miles) northwest of the city of São Paulo). Honda Automóveis do Brasil Ltda. Including the acquisition of the 5.8
Koenigsegg Group AB has terminated the agreement for its proposed purchase of GM’s Saab. We’re obviously very disappointed with the decision to pull out of the Saab purchase. GM and Koenigsegg had signed a stock purchase agreement regarding the sale of 100% of the shares of Saab Automobile AB in August.
China-based and -focused CCID Consulting estimates that the China passenger vehicle market will need at least 1.802 million tons of aluminum sheets annually, assuming that aluminum replaces 15% of the steel used in automobile manufacturing by 2015. Specifically, CCID says, aluminum sheets for automobile body will be the most promising sector.
Saab Automobile and American Axle Manufacturing (AAM) have formed a jointly-owned company for the engineering, development and marketing of electric all-wheel drive systems, as well as electric and hybrid driveline systems. —Jan Åke Jonsson, Saab Automobile CEO. The joint venture will commence operations on 1 October.
Saab Automobile AB has closed on the sale to Beijing Automotive Industry Holdings Co. —Jan Åke Jonsson, Managing Director of Saab Automobile. Late in November, Koenigsegg Group AB terminated the agreement for its proposed purchase of GM’s Saab. Saab will assist BAIC to integrate this technology into future BAIC vehicles.
HAB), the Honda automobile production and sales subsidiary in Brazil, plans to build a new automobile production plant with annual production capacity of 120,000 units. Honda Automóveis do Brasil Ltda. Including the acquisition of the 5.8
The Alliance of Automobile Manufacturers (Auto Alliance) is strongly supporting the passage of Maryland’s SB 1234 , a bill that would require the State of Maryland to purchase zero emission vehicles (ZEVs) for state fleets. The bill also includes a reporting requirement for State agencies that purchase vehicles.
The latest annual survey of the UK Automobile Association (AA) has found that of the respondents who may be replacing their car within 12 months only 1% will be looking to buy an electric or hybrid vehicle.
According to the Beijing Municipal Commission of Development and Reform, the city will not take administrative measures to restrain residents from buying automobiles in order to deal with the growing congestion resulting from the increasing size of the city vehicle parc. People’s Daily. There are 66.1 billion population.
confirmed it has signed a stock purchase agreement with Koenigsegg Group AB regarding the sale of 100% of the shares of Saab Automobile AB. Saab Automobile plans to exit legal reorganization shortly. The stock purchase agreement will be subject to agreed closing conditions. General Motors Co.
a member of China-based Guangzhou Automobile Group Co., GAC Components is a subsidiary of major Chinese car manufacturer Guangzhou Automobile Group with the sixth-largest market share in the increasingly environmentally strict China. GAC Components mainly manufactures automobile interior parts, electric components, etc.
California-based Balqon Corporation, a developer of heavy-duty electric vehicles, drive systems and lithium battery storage devices ( earlier post ), has entered into a Joint Development Agreement with China-based Sichuan Automobile Industry Co., Sichuan Automobile Industry Co. Ltd (SAIG) to manufacture inner-city electric buses.
have jointly developed Japan’s first driving behavior-based telematics automobile insurance. The advance of telematics technologies has led to major changes in the automobile industry, such as the creation of a variety of new products and services that utilize automobile driving data. Background.
As part of the purchase agreements, Fuel Systems Solutions has agreed to fulfill certain FuelMaker service obligations and has assumed certain outstanding purchase orders. BRC is a leader in the light duty and automobile alternative fuel sectors and has established alliances with several major automobile manufacturers for OEM projects.
Including hybrid-electric vehicles, it will strive to electrify 100% of its automobile unit sales in Japan by 2030. Honda is formalizing its goals for achieving carbon neutrality for all products and corporate activities by 2050, as well as zero traffic collision fatalities involving Honda automobiles and motorcycles globally by 2050.
In a session on total vehicle energy consumption, several people shared similar pie charts showing the flow of energy within an automobile. Honda demonstrated their “ Walking Assist Device ” at the Congress. Where does all of the energy go? Braking losses add another 6%. Only 22% remains to power the vehicle.
By contrast, in Canada, a majority (66%) say they are either “very unlikely” or “somewhat unlikely” to consider an EV for their next vehicle purchase. It is followed by purchase price (59%) and lack of charging station availability (55%). Power Canada Electric Vehicle Consideration (EVC) Study. —J.D.
In Germany, testing by ADAC (Allgemeine Deutsche Automobil-Club eV) has found that all the Euro 6c and 6d-Temp vehicles that have been measured on the road to date meet much stricter requirements nitrogen oxides (NO x ) than required by the EU. Our measurement results show that diesel technology can have a future.
The study by William Sierzchula at Delft University of Technology, published in the journal Transportation Research Part D , used fleet manager interviews and pilot project report to investigate 14 US and Dutch organizations that adopted EVs from 2010 to 2013 to determine which factors influenced their purchase decisions.
Their cooperation is also intended to promote structural development of China’s automobile industry and accelerate transformation of economic growth pattern to fulfill the national goal of sustainable development.
From October 2007 to April 2009, the average fuel economy of purchased new light-duty vehicles improved from 20.2 Michael Sivak and Brandon Schoettle also found that while there was a significant negative relationship between the unemployment rate and the number of vehicles purchased, the price of gasoline did not have a major impact.
Under the terms of the dealer agreement, DynaProTech plans to integrate Balqon’s zero-emissions electric drive systems into electric buses, heavy-duty trucks, light commercial vehicles and automobiles for use throughout China. DynaProTech will also provide servicing and parts for Balqon’s products throughout China.
Saab Automobile and BMW announced an agreement for the supply of engines to be used in a new Saab model series. Under the purchase, supply and development agreement, BMW will supply Saab with 4-cylinder 1.6 —Saab Automobile CEO Jan Åke Jonsson. liter turbocharged gasoline engines from 2012.
Purchasers of automobiles to replace old vehicles may continue to use the previous license plates and are therefore not subject to the quota. Moreover, according to the Provisional Regulations, the purchase orders placed to dealerships before December 24, 2010 will not be affected by the quota.
As a result, the Company will be able to borrow up to $50 million for operations and up to $50 million for purchases of inventory from Suzuki Motor Corporation (SMC). As previously announced, ASMC is continuing to market and sell its remaining US automobile inventory through its national network of automotive dealers. Earlier post.)
Designed to enable closer collaboration among carmakers, automobile Tier 1 suppliers and Taiwan’s semiconductor IDM and fabless companies, the guide promises to help automakers better adapt production capacity to semiconductor supply chain disruptions and drive innovation.
Gen Y’s strong affinity for hybrid vehicles could make it the “ generation that leads us away from traditional gasoline-powered vehicles ,” reports Craig Giffi, vice chairman and automotive practice leader at Deloitte LLP, after seeing the results of Deloitte’s annual survey of consumers and what they want in an automobile.
New data shows that motor vehicles generate more than €440 billion in taxation per year for national governments in the major EU markets plus the UK, the European Automobile Manufacturers’ Association (ACEA) reports. This just goes to show the sheer scale of the importance of the automobile industry to Europe.
However, the incentive does not apply to the purchase of PHEVs. California’s ZEV mandate requires automobile companies to produce for sale a certain percentage of zero emission vehicles, such as electric and hydrogen fuel cell. Washington has exempted EVs from the state''s 6.5% sales and use tax.
to 45.3%), according to figures from the European Automobile Manufacturers’s Association (ACEA) as published in its latest ACEA Economic Report. Average engine size and power decreased, with the average displacement dropping to 1,626 cm 3 from 1,706 cm 3 in 2008, and average power dropping to 82 kW from 86 kW in 2008.
China has made progress with automotive energy-saving technologies over the past 10 years through implementing passenger car fuel consumption limits and the use of fiscal policy to encourage the purchase of small cars, the government statement noted. 2012 Chinese Auto Industry Development Report. L/100km (40 mpg US) or less.
However, the technologies would also increase vehicle purchase costs for consumers, sometimes by as much as several thousand dollars. As a result, automobile manufacturers are able to create packages of technologies that can meet cost and effectiveness targets in small, incremental steps.
It also considered barriers that automobile manufacturers and dealerships face in promoting the adoption of PEVs. PEVs have higher purchase prices than comparable conventional vehicles. Some research has shown that purchase rebates can be more effective than income-tax credits, the committee noted.
Toyota’s Prius maintained its top spot in Japan new passenger car sales in November for the seventh month in a row, posting 26,815 units, according to data from the Japan Automobile Dealers Association. Total passenger car sales for the month were 268,450 units. Monthly sales of the Prius in Japan since 2007. Click to enlarge.
By developing the automobile into a software-based product, Volkswagen is creating the conditions for new, data-based business models. In the future, the individual configuration of the vehicle will no longer be determined by the hardware at the time of purchase. This will significantly reduce complexity in production.
In terms of distributional effects, compared to households that purchased a new or used vehicle in 2009 without a voucher, CARS program participants had a higher before-tax income, were older, more likely to be white, more likely to own a home, and more likely to have a high-school and a college degree. miles per gallon (9.4
Sales of China’s domestically-made automobiles totaled 1.09 percent from a year earlier, the fifth month in a row that saw auto sales exceed one million units, according to the China Association of Automobile Manufacturers. million units in July, up 63.57
Representatives from automakers are meeting with Oklahoma Governor Mary Fallin and procurement experts to ask questions surrounding a recently issued multi-state request for proposal (RFP) for affordable and functional compressed natural gas (CNG) vehicles for use in state automobile fleets.
The federal government’s Cash for Clunkers aims to stimulate the economy, provide relief for automobile manufacturers and reduce greenhouse gas emissions. Knittel did not analyze the program’s other key objectives: stimulating the economy and providing relief for automobile manufacturers. However, the. pollutants.I Economic Impact?
disclosed estimates of all greenhouse gas (GHG) emissions related to Honda including emissions from Honda’s global business operations and customer use of Honda motorcycles, automobiles and power products. Emissions from customer use of purchased products. Honda Motor Co., electricity use at factories and offices, etc.). million.
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