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Mazda and Sumitomo to establish vehicle production plant in Mexico and sales company in Brazil

Green Car Congress

Mazda Motor Corporation has signed formal agreements and begun preparations to establish a Mazda vehicle production facility in Mexico and a sales company in Brazil, in alliance with Sumitomo Corporation. Mazda will hold 70% of both the production plant and the sales company; Sumitomo will hold 30% of each. million units.

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

Green Car Congress

Japan adding turbos despite expected decline in overall sales: Honeywell projects turbo penetration will increase by 5% from 18% in 2014 to 23%, reflecting annual sales of 1.3 million turbocharged vehicles by 2019. Engines Forecasts Fuel Efficiency Vehicle Systems'

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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

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Honda Begins Production and Sales of City FFV in Brazil

Green Car Congress

HAB), Honda’s automobile production and sales subsidiary in Brazil, began sales of the City FFV (Fuel Flexible Vehicle) in Brazil. The company is planning to begin export of this model to Mexico and other countries of South America starting from September 2009. Cumulative sales of the City now exceed 1.2

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

Green Car Congress

Terms of the sale were not disclosed. The company designs, engineers, manufactures and sells electric power steering, hydraulic power steering, steering columns and driveline halfshafts for more than 60 automobile manufacturers and tier one suppliers. Nexteer Automotive is a global provider of advanced steering and related technology.

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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. Under the forecast, China will thus represent 26% of global auto sales in 2015. million units sold, according to the report, or 46% of global auto sales.

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

Green Car Congress

DiDi offers a full range of app-based transportation services for over 550 million users, and continues to innovate in shared mobility and smart transportation across China, South America, Australia and Japan markets. Partnership with Continental. Didi also recently signed a strategic cooperation agreement with Continental.