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

Baua Electric

Minda Corporation and Pricol Ltd. The move was labelled a “hostile takeover” by many in the auto industry, setting the stage for a potential battle before the antitrust regulator. This obligation only applies to Minda Corporation and not the target company, Pricol. transfer of shares) takes place.

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DOE expands partnership with industry to advance next-generation automotive technologies, adds Tesla and EPRI as members: US DRIVE

Green Car Congress

The US Department of Energy (DOE) has launched US DRIVE, a cooperative partnership with industry to accelerate the development of clean, advanced, energy-efficient technologies for cars and light trucks and the infrastructure needed to support their widespread use.

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Center for Automotive Research calls long-run economic risk to auto industry of mandating permanent fuel economy standards very serious; recommends periodic reviews

Green Car Congress

Based on the results of the study, CAR believes the economic risk to the auto industry connected to mandating permanent fuel economy standards in the long run is “ very serious ” The group recommends periodic review to assess the rate of technology development and cost reduction of advanced technologies leading up to 2025.

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Another Tesla price cut possible thanks to plummeting lithium prices

Teslarati

Meanwhile, in North and Central America, corporations and governments alike have doubled down on lithium investments, especially as the United States looks to decouple itself from Chinese supply. In turn, this price movement in China and the Americas has had a similar effect in Europe, though that effect has been more muted.

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USAMP and A/SP receive $6M from DOE for automotive advanced high-strength steel project

Green Car Congress

The goal of USCAR is to further strengthen the technology base of the domestic auto industry through cooperative research and development. Formed in 1987, the Auto/Steel Partnership is a consortium of Steel Market Development Institute’s Automotive Applications Council, Chrysler Group LLC, Ford Motor Co. Earlier post.).

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Tesla Swedish sales grow 9% in December

EV Info

in Sweden Data from Swedish auto industry association Mobility Sweden showed 1,789 new Tesla cars were registered in December, up from 1,645 in the same month of 2022. Tesla’s Model Y was Sweden’s top-selling car in 2023 with 16,412 new vehicles registered, ahead of Volvo’s XC40 with 13,606 units.

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Toyota Financial Services issues first Euro-denominated Green Bond allocated specifically to the sales of low-emission vehicles; €600M

Green Car Congress

TFS introduced the auto industry’s first Asset-Backed Green Bond in 2014; this latest issuance is the fourth Green Bond the company has issued. The TFS Green Bond program is unique in the auto industry and enhances Toyota’s reputation for leadership in green innovation across industries.

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