Remove Automobile Remove Global Remove Sale Remove South America
article thumbnail

Honeywell Global Turbo Forecast projects 49M turbocharged vehicle sales, $12B revenue per year by 2019

Green Car Congress

The automotive turbocharging industry will generate $12 billion in revenue by equipping 49 million vehicles with turbochargers annually by 2019, according to Honeywell Turbo Technologies’ 2014 Global Turbo Forecast. Regional growth projections. Source: Honeywell Turbo. Click to enlarge. million turbocharged vehicles by 2019.

2019 261
article thumbnail

Scotiabank forecasts 4% growth in global auto market in 2015 to 74M units, led by China

Green Car Congress

In its latest Global Auto Report , Scotiabank forecasts record global car sales in 2015, with the total market advancing 4% over 2014, reaching more than 74 million units. Global growth will mainly be driven by China, where Scotiabank expects auto demand to grow 7% in 2015 to 19.36 2015 forecast share by region.

2015 150
article thumbnail

GM Reaches Agreement with China-based Pacific Century Motors on the Sale of Nexteer Automotive

Green Car Congress

General Motors and Pacific Century Motors (PCM), an entity formed by The Tempo Group and E-Town, an affiliate of the Beijing Municipal Government, have reached an agreement for GM to sell GM Global Steering Holdings, LLC, commonly known as Nexteer, to PCM. Terms of the sale were not disclosed. Headquartered in Saginaw, Mich.,

GM 186
article thumbnail

It begins: Ethiopia set to become first country to ban internal combustion cars

Baua Electric

In response, Ethiopia’s Transport and Logistics Ministries have announced that automobiles cannot enter Ethiopia, unless they are electric. (!) Details were scarce, but he has announced that, “ a decision has been made, that automobiles cannot enter Ethiopia unless they are electric ones.” Hang on,” I responded. “I

article thumbnail

Booking Holdings invests US$500M in DiDi Chuxing; DiDi partners with Continental

Green Car Congress

China-based Didi Chuxing, the world’s leading one-stop mobile transportation platform, and Booking Holdings, a global leader in online accommodations and travel e-commerce, have entered into a strategic partnership. Booking Holdings has invested US$500 million in DiDi, recognizing DiDi as a leader in the mobile transportation industry.

article thumbnail

Here’s how China’s BYD is working on its image problem

Baua Electric

While European automakers have been shifting over to direct sales à la Tesla, China’s BYD, for Build Your Dreams, along with Chinese peers Xpend and Great Wall Motor are looking to dealers to build sales and provide networks to help their brands build solid reputations and trust among Europeans. Last year, the company sold 1.6

BYD 52
article thumbnail

Plastic Omnium Intends To Take Full Ownership of Plastic Fuel Systems Supplier Inergy Automotive

Green Car Congress

By acquiring a controlling interest in Inergy Automotive Systems, Plastic Omnium would strengthen its position as a key player in reducing automobile emissions, it said. Its sales should reach €1.1 Inergy Automotive Systems is an equal share joint venture of Plastic Omnium and Solvay. billion (US$1.36 billion) in 2010.