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EC rolls out CARS 2020 action plan for European auto industry

Green Car Congress

It is the first deliverable of the New European Industrial Policy outlined in an earlier communication. This Action Plan is based on four pillars: investing in advanced technologies and financing innovation; improving market conditions; enhancing global competitiveness; and investing in human capital and skills and softening the.

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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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AlixPartners also estimates that on-going unemployment and underemployment could cost the auto industry up to 1.5 According to the study, historically, approximately one of every five vehicles sold is financed by home-value appreciation, a ratio that’s likely to decrease with the continuing stagnancy in home values.

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VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

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We have rock-solid finances. However, Winterkorn said, VW, and the German auto industry in general, abandoned the early advantage and work in electromobility. A company such as Volkswagen must include all relevant technologies.” Experts, consultants and politicians tumble over one another with forecasts.

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Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

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Suppliers struggled to make money when industry volumes were almost double what they are today, and the consolidation that has occurred has been happening mostly among smaller companies at the lower tiers. Meanwhile, adding further downside pressure is that banks in many cases are working to reduce their exposure to the auto industry.

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Fitch Ratings: US automakers well positioned for weak demand in 2012; estimates break-even for Detroit 3 at 10.5M units

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Although US light vehicle sales are likely to grow in 2012, the forecasted size of the market, at 13.2 million units, will remain well below the industry annual sales level of approximately 17 million units seen from 1999 through 2006. —“2012 Outlook: US Auto Manufacturers and Suppliers”. than was seen in 2010 and 2011.

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LIVE BLOG: Tesla (TSLA) Q1 2021 earnings call summary

Teslarati

As revealed in the company’s Q1 2021 Update Letter, the company hit some notable milestones in the first quarter. Tesla also did not provide a specific forecast for 2021’s vehicle deliveries. He asks about capacity, as well as where the company stands in its ramp. 15:30 PT – Analyst questions start.

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A 100 m.p.g. truck? A Bright IDEA | Freep.com | Detroit Free Press

Tony Karrer Delicious EVdriven

Three years ago, the magazine Popular Mechanics even wrote an article prodding the auto industry for not building the 100 m.p.g. John Waters, the CEO of Bright Automotive, is a veteran of Detroits auto industry, just like most of the Bright team. Later, he went on to work at auto supplier Delphi Corp.

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