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KPMG survey finds global auto execs expect ICE dominance for some time; ICE downsizing and PHEVs to receive greatest investment over next 5 years; mobility-as-a-service in cities

Green Car Congress

Two-thirds (67%) of respondents believe e-vehicles will represent 15% or less of total new car sales by 2025. Nevertheless, this still represents potential sales of up to 5.7 Even in the BRICs, ICE downsizing has become a big deal. There are four Chinese manufacturers in the top 10. million in China, 2.5

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China’s largest carmaker to cut thousands of jobs at its joint ventures with GM and Volkswagen

Baua Electric

Mass layoffs by Chinese-owned firms are extremely rare, but the fierce price spearheaded by BYD has potentially forced its hand. For nearly two decades, SAIC, which employs more than 200,000 people, has been a powerhouse in China, but its sales fell by 16% in the first two months of this year from a year earlier, according to an SAIC filing.

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Has Mercedes-Benz Forgotten What Constitutes Luxury?

The Truth About Cars

All of the above is emblematic of what the Chinese market considered luxury. A lot of the automotive trends Chinese luxury brands are running with today were copied from high-end German products of the past. You can hardly find a high-end Chinese automobile produced today without them.

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Junkyard Find: 1976 Pontiac Grand Prix LJ

The Truth About Cars

Today's Junkyard Find is an example from the very pinnacle of Grand Prix sales, found in pretty decent condition in a Colorado self-service wrecking yard. The #1 and #2 all-time sales years for the Grand Prix were 1977 and 1976, respectively. Sales were brisk. For the 1978 model year, the GM A-Bodies got downsized.

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Can Alt-Fuel Credits Accelerate EV Adoption?

Cars That Think

Environmental Protection Agency (EPA), which stewards the RFS, had repeatedly downsized the targets by nearly 25 percent. electric vehicle supply chains’ reliance on Chinese rare earths and battery components, U.S.-friendly Meanwhile, agriculture industry lobbyists fought just as hard against those reductions.). In 2016, a U.S.

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EV ute overload: The electric pickups coming soon

EV Central

The local importer has confirmed the BYD ute will be tested in Australia in late 2023 and 2024 ahead of an on-sale later in 2024. On-sale in the USA from late 2021, the Hummer lobs with super-expensive launch pricing and immense capability courtesy of a 745kW tri-motor powertrain. Less expensive and powerful Hummers will launch later.

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Kia EV9 and Volvo EX30: Are they 2024’s most important EVs? – Charged EVs

Baua Electric

They haven’t, and GM is clearly struggling to overcome a host of startup production problems with its Ultium vehicles—sales of which have remained far, far below the company’s own goals. That’s almost $12,000 lower than the sales-weighted average transaction price of all new US auto models. Volvo EX30. Photos courtesy of John Voelcker.

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