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Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

Green Car Congress

But the most immediate and pervasive risk to the economy is a wholesale collapse of the automotive supply base, Grant Thornton LLP partner Laura Marcero told the Automotive Press Association in Detroit. Grant Thornton LLP is the US member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations.

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US Treasury To Provide Up To $5B in Financing For Auto Supplier Support

Green Car Congress

While the President’s Task Force on the Auto Industry continues to review restructuring plans submitted by General Motors and Chrysler, the US Department of the Treasury announced an Auto Supplier Support Program that will provide up to $5 billion in financing to US-based suppliers.

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Minda Corporation, Pricol to present arguments to CCI over stake acquisition | Autocar Professional

Baua Electric

The move was labelled a “hostile takeover” by many in the auto industry, setting the stage for a potential battle before the antitrust regulator. “The communication sent by CCI has provided our company with an opportunity to represent our views on the matter,” Minda Corporation stated in a regulatory filing.

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US Utilities Pledge to Ramp Up Efforts To Make Electricity a Crucial Transportation Fuel

Green Car Congress

The pledge represents a culmination of efforts by Edison Electric Institute (EEI) member companies to survey the current state of electric transportation initiatives among utilities, evaluate how those initiatives fit in with the overall goal of advancing transportation electrification and determine what more is needed. Earley, Jr.,

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Ener1 Outlines Automotive Programs Underway for Li-ion Packs

Green Car Congress

Ener1 said that customer interest in its lithium-ion batteries from all segments remained strong in spite of distress the auto industry and current recessionary economic conditions. The company has segmented its accounts into a focus list of ten high-priority customers. Ener1 purchased $21.3

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Lessons From Norway’s Journey To Becoming The Global Leader In EV Adoption

Wallbox

Norway leads electric vehicle (EV) adoption, boasting the highest share of new EV purchases worldwide. This approach of virtually redesigning the tax structure within the auto industry also stands out amongst other countries, which mainly rely on direct subsidies to incentivize EV purchases over internal combustion engine cars.

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EAA National Board nominations from across North America

Electric Auto Association

Test rides most always evoke a comment of future EV purchase. Fighting to preserve the EVs that the automakers were crushing almost 20 years ago, saving up to 1,000 from the crusher, and helping keep the cause alive when the government, most environmental organizations, and the car companies had given up.