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Fitch Ratings: US automakers well positioned for weak demand in 2012; estimates break-even for Detroit 3 at 10.5M units

Green Car Congress

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. Continued global.

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GM Reaches Agreement with China-based Pacific Century Motors on the Sale of Nexteer Automotive

Green Car Congress

The sale of Nexteer to PCM supports our objective to focus on our core auto business and is the final step in our efforts to position Nexteer as an independent supplier. The sale better enables Nexteer to take advantage of anticipated growth in the global auto industry with a variety of automakers.

GM 186
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Stellantis stops building of Canada EV battery module plant over federal price range

Baua Electric

‘WE CONTINUE TO NEGOTIATE’ A spokesperson for Champagne stated Friday the “auto industry is crucial to the Canadian economy and to the hundreds of thousands of Canadian workers.” ” “We proceed to barter in excellent religion with our companions.

Canada 52
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Stellantis, LG Power enforcing ‘contingency plans’ for EV battery plant in Canada

Baua Electric

billion) from LG Power and undercover contributions from federal and provincial governments, as the biggest ever within the Canadian auto sector. A spokesperson for Champagne stated on Friday that the “auto industry is crucial to the Canadian economy and to the hundreds of thousands of Canadian workers.” billion ($1.1

Canada 52
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Ford CEO: Ford to focus on 5 key areas of innovation: mobility, autonomy, connectivity, customer experience and performance

Green Car Congress

The evolution of mobility has long been a hot button for Ford Executive Chairman Bill Ford, who urges that Ford think of itself as a mobility company rather than just an auto company. and Verizon Telematics, were supporting the launch of “Techstars Mobility, driven by Detroit”—a startup business accelerator program sited in downtown Detroit.

Ford 268
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Stellantis stops building of Ontario EV battery module plant over federal budget

Baua Electric

billion from LGES and secret contributions from federal and provincial governments, as the biggest ever within the Canadian auto sector. The post Stellantis stops building of Ontario EV battery module plant over federal budget appeared first on Bauaelectric Auto News. federal government.

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A 100 m.p.g. truck? A Bright IDEA | Freep.com | Detroit Free Press

Tony Karrer Delicious EVdriven

Three years ago, the magazine Popular Mechanics even wrote an article prodding the auto industry for not building the 100 m.p.g. 2 of 3) Driven by Detroit This strategic decision is part of what makes Bright different from the other startups offering to retrofit hybrid cars or to sell plug-ins. car Because unlike the 100 m.p.g.

Detroit 57