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Hyundai and Kia make €100M strategic investment in Arrival to co-develop electric commercial vehicles

Green Car Congress

Hyundai Motor Company and Kia Motors Corporation today made a strategic investment of €100 million (US $110 million) in a new partnership with Arrival , a UK-based electric vehicle startup ( earlier post ). Founded in 2015, Arrival has production plants and R&D centers in the US, Germany, Tel Aviv, Russia and the UK.

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Why Haven't Hoverbikes Taken Off?

Cars That Think

Assessing Hoverbikes’ Risks Safety concerns are just as big a hurdle to making hoverbikes available for sale. The Mamba has a roll cage, and the motors are cross-shafted. “So, So, if you lose one motor you don’t come spiraling out of the sky,” he says. safety standards. But that explanation is as plausible as any.

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Nissan launches expanded strategy for Brazil with new $1.4B manufacturing plant; Renault boosting production capacity there by 100,000 units

Green Car Congress

Nissan Motor Co., The Brazilian factory, scheduled to begin production in the first half of 2014, will have the capacity to produce up to 200,000 units annually of Nissan’s ‘V’ platform products for sale in Brazil. —Carlos Ghosn, chairman and CEO, Nissan Motor Co, Ltd. plans to invest 2.6 billion BRL (US$1.4

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Volkswagen Group outselling GM in China

Green Car Congress

General Motors and its joint ventures in China delivered a September record 343,773 vehicles, up 16% year over year. For the first nine months of 2016, retail sales by GM and its joint ventures in China increased 9% on an annual basis to a record 2,718,315 units. —Jürgen Stackmann, Volkswagen Brand Board Member for Sales.

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Polk forecasts global new vehicle auto sales to reach 77.7M in 2012, up 6.7%; expects China sales to grow 16% while US sales recovery slows

Green Car Congress

The US market will experience single digit growth, primarily due to the relatively strong year for sales in 2011, and the effects of the weak economy that will continue to impact new vehicle demand through most of 2012. Polk expects light-duty vehicle sales in the US to grow at a moderate pace, with a 7.3% Source: Polk.

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Ford launching major new product push in Europe; fuel economy and 1.0L EcoBoost engine; first Ford full hybrid car for Europe

Green Car Congress

At a “Go Further with Ford” event in Amsterdam, Ford Motor Company detailed plans for an aggressive product acceleration in Europe, targeting opportunities for growth in the large car, SUV and commercial vehicle segments while emphasizing fuel economy and enabling technologies such as the EcoBoost engines. and planned for sale in 2014.

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As Electric Car Makers Ante Up Billions, Software Is Ace in the Hole

Cars That Think

Since then Daimler , Ford Motor Company , General Motors , Stellantis and Volkswagen Group, have committed an additional $152 billion in investments, a sum four times their combined 2019 operating profits. As a comparison , in 2011, there were only two battery electric and 29 hybrid electric vehicle models offered for sale in the US.