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Study of Sustainable Value in Automobile Manufacturing Finds Mixed Performance for Most OEMs, BMW and Toyota as the Clear Leaders

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Sustainable Value Margin—the ratio of Sustainable Value to sales—for each of the evaluated manufacturers. A survey of the sustainability performance of 17 of the world’s leading automakers has found a mixed pattern when it comes to the sustainability performance of most of the car manufacturers. Click to enlarge.

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GM sets October retail sales record in China, Up 15%

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General Motors and its joint ventures’ retail deliveries rose 15% year-on-year to a record 327,037 vehicles in China in October, with Buick posting its best-ever monthly sales. Buick sales gained 42% in October, with monthly sales exceeding 100,000 units for the first time. Chevrolet sales declined 8.4%

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

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General Motors and Pacific Century Motors (PCM), an entity formed by The Tempo Group and E-Town, an affiliate of the Beijing Municipal Government, have reached an agreement for GM to sell GM Global Steering Holdings, LLC, commonly known as Nexteer, to PCM. Terms of the sale were not disclosed.

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New bipartisan bill in US Congress to expand EV and hydrogen fuel cell tax credits

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The Driving America Forward Act raises the cap and allows purchasers of an additional 400,000 vehicles per manufacturer to be eligible for the tax credit. Sales of electric vehicles in the US increased by more than 80% in 2018 and two manufacturers have already hit the lifetime cap of 200,000 units (GM and Tesla).

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Auto Alliance pushing for passage of Maryland SB 1234 that would require state purchase of ZEVs; 50% of LDVs by 2026

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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. The bill would take effect 1 July 2018. Maryland is one of nine states that has adopted California’s ZEV Mandate.

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Honda targeting 2/3 of unit sales from PHEVs, HEVs and ZEVs by ~2030; PHEVs the core of electrification

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At a press event in Tokyo to lay out his future vision and direction for the company, Honda Motor President & CEO Takahiro Hachigo said that the company will strive to make two-thirds of its overall unit sales from plug-in hybrid/hybrid vehicles and zero-emissions vehicles such as fuel cell vehicles and battery EVs by around 2030.

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California initiative to streamline permitting of new hydrogen and electric fueling stations

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Automobile manufacturers plan to roll out hydrogen fuel cell vehicles in the 2015 to 2017 timeframe, while California’s share of the US market for plug-in electric vehicles currently stands at nearly 40%. —Jim Pisz, Toyota Motor Sales, USA, Inc. North American business strategy corporate manager.