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As required by the loan agreements signed in December 2008, GM and Chrysler submitted their updated restructuring plans showing a pathway to achieve financial viability to Congress on Tuesday. The plans, updated in the context of a worsening sales outlook for the entire auto industry, outline a need for up to an additional $16.6
The US market will experience single digit growth, primarily due to the relatively strong year for sales in 2011, and the effects of the weak economy that will continue to impact new vehicle demand through most of 2012. Polk expects light-duty vehicle sales in the US to grow at a moderate pace, with a 7.3% for the overall US industry.
USABC is a subsidiary of the United States Council for Automotive Research LLC (USCAR), the collaborative automotive technology organization of Chrysler Group LLC, Ford Motor Company and General Motors Company, whose mission is to further strengthen the technology base of the domestic auto industry through cooperative research and development.
As March came to a close, the Obama administration found GM and Chrysler’s restructuring plans “not viable.” Chrysler was told to consummate with Fiat quickly or else. And these days a billion dollars is barely a rounding error in the money going to prop up the American auto industry.
must create a strong electric car industry. car industry hinges on cutting-edge battery technology. Battery technology has been the domain of consumer electronics manufacturers, and that industry migrated out of America decades ago. Developing a domestic car-battery industry should be the focus of both corporations and the U.S.
It would then be offered for public use in 2012, said Brian Carolin, senior vice president for sales and marketing at Nissan North America Inc. 2 of 4) "Nissan is taking a leadership role by developing what could be this industrys next big thing," the governor said. The car Bredesen and others drove at Nissans U.S. 16,000 miles.
Order a reprint of this article now APRIL 7, 2009 GM, Segway to Make Vehicle Article Video Comments more in Auto Industry News » Email Printer Friendly Share: Yahoo Buzz facebook MySpace LinkedIn Digg del.icio.us NewsVine StumbleUpon Mixx Text Size By SHARON TERLEP General Motors Corp. is teaming with Segway Inc., GM ) 1.86 -0.08
As a subscriber, you can receive our free weekly China Auto News, which keeps you informed the latest developments of Chinas automobile industry. Among the most notable: a gas-electric hybrid Shanghai Automotive Industry Corp. Chrysler developing electric sports. Gasgoo.com | ?? | Prius hybrid. BYD has a long way off to.
Daimler/Mercedes Took over Daimler/Chrysler Sprinter PHEV program. We believe such production models could be available for sale in three years."Furia By partnering with these two industries. This is different from anything Ive ever seen in my 40 years in the automobile industry." ( Detroit Free Press ).
Lotus Engineering and Harmon International, two heavyweights in their respective industries, have teamed up to create a new technology known as Electronic Sound Synthesis (ESS). Basically, the external ESS is a system that produces artificial vehicle noise. You can put up to 3 URLs in your comments. Follow us on Twitter!
I am paid to give me (as informed as possible) opinion of the industry, and I am not paid by GM to sit in the kind of meetings that determine the fate of cars like the Malibu. But again, the company is ceding a part of the market to its competitors instead of, you know, at least trying to fight for sales. Maybe I am wrong.
Facebook Digg Reddit Newsvine More evidence that we are approaching an exciting new frontier in the automotive industry will be on display today on Capitol Hill. Three years ago, the magazine Popular Mechanics even wrote an article prodding the auto industry for not building the 100 m.p.g. Right Now can be seen here. Yep, a truck.
tech industry during the 1990s. They think BYD has a shot at becoming the worlds largest automaker, primarily by selling electric cars, as well as a leader in the fast-growing solar power industry. More Two very different drivers The leaders charged with saving GM and Chrysler are known for wielding a sharp pencil.
I wish the thing was for sale as-is. The automotive industry is still trying to make electric cars as expensive and inefficient as they possibly can, and its a tough deal because the electronics industry is going the other way. But yes, there was no slalom to see how it handles the twisties.
Last year Oregon had also aggressively negotiated with the Chinese carmaker, BYD , to manufacture its line of plug-in hybrids in the state for sale in the U.S.) April 12, 2009 2:08 pm Link Obama’s “Social Democratic&# dream will be further unveiled after the failure of GM and Chrysler is certain and on the books.
Currently, there are some industrial facilities that use battery swapping to replenish the energy stores of electric forklifts. Chrysler alone, for instance, may have 3 different battery pack shapes in its upcoming models. Like shopping malls for example, or very nearly any manufacturer or industrial consumer.
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