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Bolstered by government stimulus plans, sales of autos in China likely reached a record high of 1.15 Assuming the CAAM figures are borne out by official data, April would be the fifth straight month of growth for the industry. People’s Daily.
“Contributing to the short-term over-capacity issue is that manufacturers rushed to build out capacity ahead of demand to (a) capture stimulus funding and (b) try to drive scale to reduce cost. “In the near-term, we expect to see some consolidation in the battery industry, with a few leaders taking the lead.
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. Meanwhile, adding further downside pressure is that banks in many cases are working to reduce their exposure to the autoindustry.
At the same time, the value to the economy and environment of a major push for plug-in cars as part of the recovery hasn’t sunk in at the top. And these days a billion dollars is barely a rounding error in the money going to prop up the American autoindustry. Chrysler was told to consummate with Fiat quickly or else.
If you listen to US President Barack Obama it has been a long time coming – his decision to pour $2.4billion of stimulus money to make America a global leader in electric and hybrid car development comes as the country plays catch up to the likes of Japan and even China in the green car race (see article ). “I Who will benefit? Our verdict.
The autoindustry is now gearing up to hash out those standards at the SAE conference in Detroit next week — and GM has a major stake in getting them out swiftly. OStatic] Nokia E71x Expected on May 4th: Here’s Reading Material Until Then [jkOnTheRun] Renewable Standards to Spur Moore’s Law for Cleantech?
Though the scheme proved so popular that the initial $1billion set aside for it ran out last month, auto sales only rose by 2.4 per cent in July suggesting that American consumers are still nervous about their jobs and the economy. So is this scheme green at all?
’s expertise on the autoindustry in general, we are concerned that in its understanding of future pathways, it offers a flawed analysis and predictions based on business-as-usual,&# notes a posting on the California Car Initiative’s Web site. and Chrysler. Whatever B.C.G.’s — Scott 18. Follow the money.
President Obama Steps Up To Save The Economy & The Climate While Republicans No Longer Relevant. I wholeheartedly applaud, support and endorse President Barack Obama’s signing of the $787 billion economic recovery bill just moments ago. Investing in Scientific Research (More than $15 Billion).
Moreover, EVs are not only proving to be more robust amidst an autoindustry in decline, but they are also already displaying some signs of recovery. In fact, just a few days ago Germany and France announced a €500 billion green recovery fund to accelerate the EU’s shift to a low-carbon economy.
CDM Baby, CDM Ruminations on Vegas and NASCAR California Dreamin' ► February (16) Car Sharing and Saving in a Tough Economy Throwing down the gauntlet to Secretary Clinton Weather Does Not Equal Climate The Hub Lab Seeks Revolutionary New Energy Science. The Three Prongs of the “Green&# Energy Stimulus Pa. SZ (1) 6753.T
The state of Michigan, which has seen its economy decimated by the collapse of the gas-powered autoindustry, is pouring incentives into the alt-car market. See more in Economy Send To A Friend | Print this | Permalink Reddit Digg del.icio.us • Cartoon: Recovery is Just Around the Corner!
However, these results are being driven in part by elevated incentive levels, which represent a meaningful risk to the long-term health of the autoindustry. The economy and industry could be facing a boom or bust depending on which policies are focused on and implemented. million units, up from 13.8
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