Energy & Green Tech
Three decades of advances took lithium-ion batteries from powering handheld Sony camcorders to propelling Tesla's popular electric vehicles. The rapid rise is facing a major test in the COVID-19 pandemic.
Jun 18, 2020
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Automotive
India's Tata Motors Monday reported a loss of $1.3 billion for the first three months of this year as sales in its key markets of China and Europe were hit by the coronavirus pandemic.
Jun 15, 2020
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Business
The French government said Tuesday that it had signed off on a state-backed loan of five billion euros ($5.6 billion) for carmaker Renault, where the coronavirus crisis has compounded months of management turbulence and prompted ...
Jun 2, 2020
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Business
President Emmanuel Macron on Tuesday announced an 8-billion euro ($8.8 billion) plan to revive France's auto industry by making it the European leader in electric cars, in a boost for a sector brought to its knees by the ...
May 26, 2020
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Automotive
Renault SA said Tuesday it will shut down its main China business and focus on electric and commercial vehicles.
Apr 14, 2020
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Automotive
Automakers reported lower US sales on Wednesday, with purchases diving in March as the coronavirus pandemic prompted widespread economic closures in much of the country, carmakers reported Wednesday.
Apr 2, 2020
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Automotive
General Motors and Fiat Chrysler saw a sharp drop in auto sales in the first quarter, suffering a big hit as the coronavirus pandemic forced shutdowns nationwide, the carmakers reported Wednesday.
Apr 1, 2020
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Business
South Korea's largest automaker Hyundai Motor will suspend all domestic production because of a lack of parts due to the coronavirus outbreak in China, it said Tuesday.
Feb 4, 2020
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Automotive
Volkswagen needs to make urgent changes to become more of a tech company as the industry enters the digital era, CEO Herbert Diess said Thursday, warning that the German car giant had just "one shot" at staying in the game.
Jan 16, 2020
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Energy & Green Tech
The day Youngstown's steel mills began shutting down 40 years ago remains fresh in the minds of those who live in the blue-collar corner of Ohio. Community leaders don't want the recent closing of General Motors' massive ...
Dec 25, 2019
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The automotive industry designs, develops, manufactures, markets, and sells the world's motor vehicles. In 2008, more than 70 million motor vehicles, including cars and commercial vehicles were produced worldwide.
In 2007, a total of 71.9 million new automobiles were sold worldwide: 22.9 million in Europe, 21.4 million in Asia-Pacific, 19.4 million in USA and Canada, 4.4 million in Latin America, 2.4 million in the Middle East and 1.4 million in Africa. The markets in North America and Japan were stagnant, while those in South America and Asia grew strongly. Of the major markets, Russia, Brazil, India and China saw the most rapid growth.
About 250 million vehicles are in use in the United States. Around the world, there were about 806 million cars and light trucks on the road in 2007; they burn over 260 billion gallons of gasoline and diesel fuel yearly. The numbers are increasing rapidly, especially in China and India. In the opinion of some, urban transport systems based around the car have proved unsustainable, consuming excessive energy, affecting the health of populations, and delivering a declining level of service despite increasing investments. Many of these negative impacts fall disproportionately on those social groups who are also least likely to own and drive cars. The sustainable transport movement focuses on solutions to these problems.
In 2008, with rapidly rising oil prices, industries such as the automotive industry, are experiencing a combination of pricing pressures from raw material costs and changes in consumer buying habits. The industry is also facing increasing external competition from the public transport sector, as consumers re-evaluate their private vehicle usage. Roughly half of the US's fifty one light vehicle plants are projected to permanently close in the coming years with the loss of another 200,000 jobs in the sector, on top of the 560,000 jobs lost this decade. As a result, in 2009, China became the largest automobile market in the world.
This text uses material from Wikipedia, licensed under CC BY-SA
