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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

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auto market anytime soon , some U.S. automotive groups have expressed concerns over the Seagull EV and other affordable mass-market EVs eventually coming to North America. Even despite ongoing political concerns, its entry into North America is considered an eventuality, and other Chinese automakers likely won’t be far behind.

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AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

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Specifically, the firm estimates US auto sales will reach just 12.7 AlixPartners also estimates that on-going unemployment and underemployment could cost the auto industry up to 1.5 The firm has more than 900 professionals in 15 offices across North America, Europe and Asia. million units in 2011 and only 13.6

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GM’s Tesla NACS support spells trouble for Electrify America [Opinion]

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General Motors’ (GM) support for Tesla’s North American Charging Standard (NACS) might be trouble for Electrify America. With two out of three of the United States’ top legacy automakers supporting Tesla’s NACS, Electrify America’s position in the EV charging space is precarious at best.

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Panasonic seeks to expand business in the auto industry 

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Panasonic seeks to expand its business in the automotive industry, starting with building relationships at CES 2024. Panasonic seeks to build deeper relationships and make new ones with tech giants and automakers at CES 2024 to reach its goal. It plans to delve into products that could prove lucrative.

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Aleris to invest $350M to upgrade Kentucky aluminum rolling mill for anticipated growth in automotive demand

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The investment positions Aleris to meet anticipated significant growth in North American automotive demand as the industry pursues broader aluminum use for the production of lighter, more fuel-efficient vehicles. Headquartered in Cleveland, Ohio, Aleris operates more than 40 production facilities in North America, Europe and Asia.

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HELLA and Vahle developing wireless charging systems for plug-in vehicles

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Based in Kamen, Germany, Vahle has 15 years of experience in contact-free energy transfer in industrial environments, while HELLA is a recognized leader in the development of electronics, software, processes and production in the auto industry. Marc Rosenmayr, CEO for HELLA Electronics in North and South America.

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DOE Closes $465M Loan to Tesla Motors

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It will help build a customer base and begin laying the foundation for American leadership in the growing electric vehicles industry. This is part of a sustained effort to develop and commercialize technologies that will be broadly deployed throughout the American auto industry. Energy Secretary Steven Chu. Tenneco Inc.