This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
China’s State Council has published a plan to develop the domestic energy-saving and new energy vehicle industry, which includes battery-electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. 2012 Chinese AutoIndustry Development Report. Developing the industrial system. L/100km (40 mpg US) or less.
XL2 was founded by Audi and Capgemini to support the automotive industry in digital transformation tasks. The joint venture that focuses on consulting and technology services for cloud and SAP S/4HANA includes industry solutions such as SAP Leonardo. XL2 is designed to enable end-to-end digital manufacturing, covering all central.
AlixPartners also estimates that on-going unemployment and underemployment could cost the autoindustry 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.
While the President’s Task Force on the AutoIndustry 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.
Panasonic seeks to expand its business in the automotive industry, starting with building relationships at CES 2024. Panasonic Automotive already formed relationships with companies in the industry, like Amazon and Fisker. The parent company hopes to give Panasonic Automotive “access to large and new financing opportunities.”
The Department first offered loans to Tesla and other auto manufacturers in June 2009, when car companies couldn’t get other financing and many people questioned whether the industry would survive. This is another important contribution to what the Obama Administration has done to preserve and promote America’s autoindustry.
Additionally, through its stimulus programs and local industrial policies, the Chinese government is providing a range of grants, low-interest loans and related financial and tax incentives. CEO, Protean Electric and a 32-year autoindustry veteran responsible for the development and production of the GM EV-1. Purcell, Jr.,
South 8 Technologies, a developer of electrolyte formulations for next-generation lithium batteries, has raised $12 million in Series A financing, led by Anzu Partners with participation from LG Technology Ventures, Shell Ventures, Foothill Ventures, and Taiyo Nippon Sanso Corporation (TNSC).
The investment will enable DiDi to further enhance safety and efficiency by continuing its investment in advanced research and development of autonomous driving technology and testing, as well as deepen industry cooperation, and accelerate the deployment of autonomous driving services in specific areas in China and abroad.
Starting out from traditional valve train systems for internal combustion engines, around ten years ago we started developing and industrializing new products for electric powertrains. thyssenkrupp is one of the leading suppliers and engineering partners to the international autoindustry.
Although the cheap low-interest or no-interest financing deals for new vehicles have mostly gone away, as the autoindustry recalibrates supply to a new coronavirus-recovery norm for demand, many of them are still good through June in the green-car sector—leading to some standout deals for electric cars, plug-in hybrids, and hybrid vehicles. (..)
The sale better enables Nexteer to take advantage of anticipated growth in the global autoindustry with a variety of automakers. E-Town is a state-owned enterprise serving as the financing and investing arm of the Beijing Municipal Government with a focus on investing in global technology companies.
The US autoindustry has evolved since the ATVM Program was established and today we are presented with an opportunity to hit the accelerator on US auto manufacturing growth. The LPO made a total of 5 awards; the other four were: $529 million to Fisker (discontinued). 5.907 billion to Ford (closed). —Secretary Moniz.
Jingju is a key component of a DiDi-BAIC strategic partnership formed in a growing alliance between DiDi and auto-industry players. DiDi started partnership programs with automakers and fleet operators in 2016, and launched the DiDi Auto Alliance, an industry-chain partnership network in April 2018.
In a new report for clients, Bloomberg New Energy Finance (BNEF) forecasts that there will be 29 GWh of used EV batteries coming out of cars in 2025. The autoindustry is divided on the issue. This far exceeds the size of the current stationary storage market.
Groupe Renault also has a well-established and profitable financing business (RCI Banque). FCA also said that the case for combination is strengthened by the need to take bold decisions to capture at scale the opportunities created by the transformation of the autoindustry in areas like connectivity, electrification and autonomous driving.
On Friday night, Tesla launched the promotional financing on its website for the Model Y, offering a 0.99 percent APR interest rate for buyers who finance the electric vehicle (EV) on an order placed by May 31. Tesla has also launched a number of buying incentives in recent months, and especially leading up to the end of Q1.
The €600-million (US$704-million) bond will be used to fund the acquisition of new retail finance contracts and beneficial interests in lease contracts for Toyota and Lexus vehicles that meet specific clean air criteria, including powertrain, fuel efficiency and emissions.
million hydrogen-powered vehicles could be on UK roads by 2030, according to interim Phase I findings of the UKH 2 Mobility project, a joint Government-industry to evaluate the potential for hydrogen as a fuel for Ultra Low Carbon Vehicles in the UK before developing an action plan for an anticipated roll-out to consumers in 2014/15.
Seventy percent of the 203,000 bookings were financed, while 30% of the applicants booked in cash by paying fully. About 4,000 cash bookings were made online through www.tatanano.com, a first for the autoindustry in India.
Since the MOU signing, state regulators, the autoindustry and infrastructure developers and other stakeholders have shared information and best practices to help move this effort forward. Assessment of creative vehicle financing innovations. Provide consumer incentives to enhance the ZEV ownership experience.
the designers of a vision-oriented artificial intelligence platform for autonomous vehicles, announced $25 million in Series A financing led by GreatPoint Ventures with participation from Toyota AI Ventures, BMW i Ventures, Faurecia, Fluxunit (VC arm of lighting and photonics company OSRAM), and DNS Capital. Recogni Inc. ,
Fields said that Ford’s investments in products, people, plants and technology, combined with industry growth, are not only delivering a year of growth in terms of revenue, pricing power, operating margins and profitability in 2014, but are setting the stage for growth in and beyond 2015. That’s a tremendous amount of growth.
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 autoindustry.
Ener1 said that customer interest in its lithium-ion batteries from all segments remained strong in spite of distress the autoindustry and current recessionary economic conditions. year financing under the Department of Energy’s (DOE) Advanced Technology Vehicle Manufacturing Incentive Program (ATVMIP). million in 2007.
Tesla China’s Global Vice President Grace Tao recently visited the China EV100 to discuss key issues about developing the auto market. Tesla China is willing to work with China EV100 to study upcoming challenges for the autoindustry and promote development in the industry. expansion project.
. “Better Place, an infrastructure provider for electric cars founded by former SAP <SAPG.DE> executive Shai Agassi, has raised $350 million in fresh equity as part of a second round of financing.
The initiative will account for 5% of the automobile market, which is in accordance with China’s three-year development plan for the autoindustry, released in February. These hybrid power buses are part of China’s initiative to produce 500,000 electric and hybrid power vehicles.
When he proposes steps to improve oil industry safety, we hope he won’t say, “Let’s make sure this never happens again.” Well, America’s autoindustry delivered over 100,000. That helped us become the world’s greatest industrial power. It helps that the autoindustry will be building more efficient new vehicles.
Winterkorn made the remarks during a presentation at the 17 th Handelsblatt-Jahrestagung in Munich on 3 July, during which he outlined VW’s approach to future mobility in the current context of the economic crisis, pessimism about the industry and technology potential. We have rock-solid finances. Background.
In its “2012 Outlook: US Auto Manufacturers and Suppliers”, Fitch assigns the industry a Positive Rating, expecting the credit profiles of the US OEMs and auto suppliers to generally strengthen in 2012, assuming that global economic conditions do not weaken materially from current trends. Suppliers, in.
There was a time when BYD’s sustainable vehicle efforts were seemingly brushed aside by industry leaders like Tesla CEO Elon Musk. That time has long passed, and BYD’s presence in the hybrid, PHEV, and BEV sector has grown to a point where it has garnered the respect of the global autoindustry.
Electric vehicles will make up the majority of new car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to a new forecast published by Bloomberg New Energy Finance (BNEF). We see a momentous inflection point for the global autoindustry in the second half of the 2020s.
In a press release, the EV maker noted that it was in advanced discussions with financial stakeholders about debtor-in-possession financing and the potential sale of its assets. The filing was submitted to the District of Delaware on June 17, 2024. Its liabilities, on the other hand, are estimated to be between $100 million and $500 million.
Government Aims to Create Strong Domestic Industry but Generous Rebates Risk a Backlash as Rich-Poor Divide Grows. Autoindustry executives said the subsidies are likely to apply only to vehicles produced in China, although that wasn’t clear from the government notice. By NORIHIKO SHIROUZU. Japan and Europe.
Rosner also pointed out that Tesla’s year-over-year growth was notable, given that the global autoindustry is down on a year-over-year basis. Roth Capital Partners’ Managing Director and Senior Research Analyst, Craig Irwin, also believes Tesla has a solid foundation for growth in the industry. .
He did agree, however, that the EV sector still confronts hurdles in terms of financing these vehicles. He was CEO, of NITI Aayog (National Institution for Transforming India)- the Govt of India’s premier policy Think Tank & before that secretary, to the Department of Industrial Policy & Promotion.
provide home wiring service at low/no-cost or financed thru low monthly utility bill); Provide free charging or compelling low-cost EV rates (3-4 cents/kWh); Provide “green” electricity options; Commit/fund commercial fleet purchases (25 high-profile vehicles). Earlier post.). Ed Peper, GM North America vice president, Chevrolet.
Below is an interview with Director Chris Paine and Journalist Robert Steadman with UK-based Blue and Green Tomorrow : ROB: Was it difficult to gain behind the scenes access to the autoindustry after the first film? We knew we were vulnerable to car industry PR efforts and they knew they couldn't control what we did editorially.
Micheal is a bit of a renaissance man; author, movie producer, and self-described preacher of the gospel of the longboard, Daniel is a vacation property owner in the Caribbean, Lauren is a successful MBA who has worked in a series of startups, and Shine is a recent US immigrant from Ghana who works in finance for startup businesses.
The Indian market has now witnessed some decent growth in the EV industry in FY20-21. It has announced the sales of the automobile industry for May 2021. The autoindustry is witnessing a de-growth when compared to the sales of vehicles from 2021 to 2019. . Ministry of Finance (MoF). 53196 fuel saves per day.
In the interim budget, the Finance Minister had hinted about the GoI’s strategy to promote energy security in terms of availability, accessibility and affordability. This policy also includes technology development, skilled workforce, extended producer responsibility framework, and a suitable financing mechanism. on copper scrap.”
Register for “Keeping your business on wheels: Pro strategies to manage your fleet,” where subject matter experts will go over how you can: Replace vehicles at the optimal time Use financing to free up capital Manage vehicles efficiently Coach drivers based on data Use technology to make fleet management easier Reserve your seat now.
From Reuters : BYD outpaced former market leader Tesla in EV sales globally in the fourth quarter of 2023, and autoindustry officials say its push into Mexico foreshadows a competitive threat the Shenzhen-based automaker and others from China may pose to companies already operating in the U.S. We're not planning to come to the U.S.,"
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
334 
Let's personalize your content