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Cyber hacks might cost the autoindustry roughly $24 billion within five years, according to a new study by Upstream Security , which specializes in cloud-based security protection. billion, while we are seeing that the cost for the industry as a whole could reach $24 billion by 2023.
The WardsAuto, DuPont survey was conducted just before the Obama administration’s originally proposed 2025 fleet average of 56.2 Clearly CAFE regulations have confronted the industry, but they’ve also driven focus around technology needs, material demands and cost issues. L/100 km) was negotiated to 54.5
The autoindustry came very near to the precipice in 2009, and it agreed to significant new regulations to enable it to step back from the brink. Environmental Protection Agency, improvements in fleet.' Now, it turns out that it''s not only meeting, but actually beating, the required reductions in emissions.
The UK automotive industry warned that the current anti-diesel agenda combined with the ongoing slow take-up of electric vehicles could mean industry misses its next round of CO 2 targets in 2021, with negative consequences for the UK’s own climate change goals. less CO 2 than those they replaced. of the UK’s 2.5
Based on the results of the study, CAR believes the economic risk to the autoindustry 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.
A cross-party resolution adopted by the European Parliament (EP) calls for measures to support job creation in the European automotive industry, and to encourage the development of “ green technologies ”, with which there is “ significant potential for job creation.in In the UK alone, more than 800,000 jobs are reliant on the car industry.
Dhaval Kikani reminisces on his 57-year career as an engineer in the autoindustry and the innovations that saw commercial success, and the experiments that did not.
Industry officials expect that this $2.4 billion in cost-share from the award winners, will result directly in the creation tens of thousands of manufacturing jobs in the US battery and autoindustries. Outfitting of a high-volume manufacturing facility to build DC Bus Capacitors for the electric drive vehicle industry.
With fleet mileage, ALTe projects ROI on a conversion in less than two years. Another benefit of targeting a conversion application such as the taxi fleet is that the vehicles are all out of warranty, Thomas noted.). V8: from 14 mpg to up to 43 mpg, depending on vehicle use. 20 kWh pack in the proof-of-concept Crown Vic conversion.
The autoindustry is committed to vehicle electrification and will invest over $330 billion in the technology by 2025. The National Electric Highway Coalition will support the EV transition by facilitating electric power industry engagement in transportation electrification across the country.
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.
For the last 18 months, a fleet of 6 methanol-fueled versions of the Geely Emgrand 7 cars have been in Iceland. The methanol fleet test is a collaboration between Geely, CRI and Brimborg, a local dealership and automotive service provider. Geely is a shareholder ($45.5-million Earlier post.). Geely is a shareholder ($45.5-million
Renault would supply a fleet of 150 Renault ZOE models through 2017 to the city. Renault, Europe’s leading electric vehicles manufacturer, and its Dutch economic partners Utrecht City Council, ElaadNL and LomboXnet signed a letter of intent in Paris to develop a Franco-Dutch framework of smart solar charging solutions for electric vehicles.
This represents one of the highest annual increases the US autoindustry has seen since IHS Markit began tracking VIO growth—second only to the 2.3% The increasing VIO fleet is providing a robust new business pipeline for the aftermarket. A larger fleet means more service and repair opportunities in the future.
The average age is in line with the trend shift first seen in 2013, in which the combined fleet of cars and light trucks on the road is older than ever. This while VIO is up 1.5%, a rate the autoindustry hasn’t seen in the US since 2004-2005. In comparison, a record high of more than 14 million vehicles were scrapped in 2012.
Ltd (JingJu) aims to combine the two companies’ strengths in new energy fleet operation and AI transportation solutions to develop next-generation connected-car systems. Jingju is a key component of a DiDi-BAIC strategic partnership formed in a growing alliance between DiDi and auto-industry players. Xiaoju Automobile Solutions?XAS?was
Utility Fleets : Utilities pledge to develop new sustainable fleet acquisition and operations plans, helping drive development and significant deployment of electric transportation solutions in light-, medium- and heavy-duty utility applications. Earley, Jr., Chairman and CEO of DTE Energy and Chairman of the Edison Electric Institute.
According to some autoindustry estimates, electric vehicle (EV) batteries that can no longer charge to approximately 80% of their original capacity may be candidates for replacement. Duke Energy and ITOCHU believe batteries that become unsuitable for use in EVs could live on in other applications.
The autoindustry had criticized the 95% requirement as unattainable, noted the Methanol Institute, which came out strongly in support of the new bill. The 50% level is a significant reduction from prior legislation introduced that would have required 95% of new automobiles eventually be able to operate on non-petroleum fuels.
These applications may be jointly sponsored by electric utilities, automobile manufacturers, technology providers, car sharing companies or organizations, or 2 other persons or entities.
Given the major trends affecting the industry going forward, weakening the current fuel economy standards would in fact be detrimental to the future competitiveness of U.S. Fuel economy standards drive innovation in the advanced technologies that will enable the domestic industry to thrive in this era of disruption. —Alan Baum.
For McMaster, the project partnership is one of three new partnerships with Chrysler, the federal government and other autoindustry leaders worth a combined $24 million. Legislative pressure and socioeconomic forces are compelling the autoindustry to deliver unparalleled technological advancement at an unprecedented rate.
The Alliance of Automobile Manufacturers (Auto Alliance) is strongly supporting the passage of Maryland’s SB 1234 , a bill that would require the State of Maryland to purchase zero emission vehicles (ZEVs) for state fleets. —Auto Alliance. SB 1234 is a good step in the right direction.
Volkswagen said it would roll out CO 2 MAC systems progressively over its entire vehicle fleet. Industry essentially ended up with three alternative low GWP refrigerants from which to choose: R744 (CO 2 ), R152a, and R1234yf. With a GWP (Global Warming Potential) value of 1, R744 is 99.3%
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. Lead by example through increasing ZEVs in state, municipal, and other public fleets. Promote workplace charging.
As a result, the Volkswagen Group is making its Chinese vehicle fleet ever more efficient. China will be an integral part of the Group’s “Future Tracks” initiative, which addresses the nascent digitalization era in the autoindustry. Here in China, we are now setting out on the road to a future of emission-free mobility.
Peter Fleet, president Ford Asia Pacific, will facilitate the transition of Chen into his new position as leader of the Ford operations in China. Chen, a seasoned, highly qualified 25-year autoindustry veteran, returns to Ford as president and CEO of Ford China, effective November 1.
Is the Ford Mustang Mach-E the Best Thing To Happen to the EV Industry? With the introduction of an electric version, we could see a dramatic change in the EV industry. This targets a market the EV industry has been trying to hit for some time. This highlights a huge opportunity for other manufacturers in the autoindustry.
American Honda Motor has introduced a Class 8 hybrid diesel electric truck into its truck fleet at its parts center in Alpharetta, Ga—the first such in the autoindustry. The company’s diesel truck fleet, operated by its truck fleet partner, UPS Freight Truckload, typically travels 300,000 miles per day.
Car rental companies have long pledged to make the transition alongside their autoindustry partners, and Hertz recently announced that it would be adding the Cadillac Lyriq and Chevy Silverado EV.& electric rental fleet. Now, if they could come up with a few extra chargers.&
Electric vehicles such as Teslas work great as fleet vehicles. This is especially the case with Tesla’s current vehicle offerings, which is one of the reasons why they are now being used in fleets. In a conversation with Teslarati , Hodge explained the rationale behind the creation of Standard Fleet.
The final standards are projected result in an average industryfleet-wide level of 163 grams/mile of CO 2 in model year 2025, which is equivalent to 54.5 This will enable long-term planning in the autoindustry, while also benefiting consumers and the environment.
million (2.1%) since last year and the highest annual increase the autoindustry has seen in the US since IHS began tracking VIO growth. Scrappage is defined by a vehicle being taken out of the fleet and no longer in use. Helping age the fleet is the fact that consumers are holding on to their vehicles longer than before.
The Japan Automobile Manufacturers Association, Inc (JAMA), a nonprofit industry association comprising fourteen manufacturers of passenger cars, trucks, buses and motorcycles in Japan, recently issued position statements on and recommended specifications for bioethanol and biodiesel (fatty acid methyl ester, FAME).
Even with wide-ranging unpredictable gas prices, US automakers will remain profitable and suppliers will benefit under existing national fuel economy standards slated to be in place until 2025, according to a new economic analysis brief prepared by independent automotive industry analysts, commissioned by the nonprofit group Ceres.
US production is expected to start in 2010, with the first-year volume of 2,500 units being available to pilot and demonstration fleet projects. Plans ultimately call for up to 900 employees and a capacity of 60,000 electric vehicles per year.
Carried out for LowCVP by E4tech and the Centre for Automotive Industry Research at Cardiff Business School, the study was conducted between March and June 2014. In the early 2000s, the UK car industry was in a state of decline. Factory closures were commonplace, innovation was minimal, and the supply chain had become hollowed out.
Today, they call for a fleet average of 54.5 The lobbyists for automakers have made their views on Corporate Average Fuel Economy (CAFE) standards through 2025 quite clear. The majority of carmakers would prefer to see those standards relaxed, delayed or altered. mpg (or about 38 mpg on window stickers) for vehicles sold in the U.S.
The agreement was signed in Beijing today by Peter Fleet, Ford group vice president and president, Ford Asia Pacific, and Ying Jianren, chairman of Tech-New Group Ltd. and board director of Zotye Auto. —Peter Fleet. The new JV will leverage a combined investment of 5 billion RMB (approximately US $756 million).
Automakers were asked to increase the fuel efficiency of their fleets by almost 8 miles per gallon between 2012 and 2016. Many inside and outside the autoindustry questioned whether it could be done. Since then.
billion) (€600 million from the federal government, €600 million from the autoindustry) and has a term expiring no later than 2019. The government will also put €100 million toward procurement of electric vehicles for its fleet, with a target of 20% electric vehicles. The total funding is limited to €1.2 billion (US$1.4
At the moment, most in the autoindustry are currently looking to lithium batteries as the power solution for electric vehicles, but those batteries are manufactured primarily outside of the United States and are not cost effective for widespread use. —ZAI Co-Founder and President Dave Wilkins. John Cooper et al.
Accelerating the development of the strategic new energy vehicle industry is a top priority for the Chinese government. The government wants to develop a sustainable automotive industry and facilitate strategic leaps into the future for the Chinese autoindustry.
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