English Press / Presse anglaise

ZF can hike offer for TRW as high as $13 billion, report says

Automotive Business Review - 17 juill. 2014 - 17:49
ZF Friedrichshafen, moving to acquire TRW Automotive, has been told by lenders that financing is available for a higher all-cash bid which could value the U.S.

Carmakers cheer growth in European sales

Financial Times - 17 juill. 2014 - 16:35
Sales are up 6.5% in the first 6 months of 2014, compared with last year, when demand slumped to a two-decade low, according to the ACEA

GM recalled some models with problematic switches; judges others safe, report says

Automotive Business Review - 17 juill. 2014 - 15:28
GM last month recalled millions of vehicles with three different designs of ignition switches that could accidentally turn off the engine and disable air bags in a crash.

Chrysler accelerates Jeep repairs

Automotive Business Review - 17 juill. 2014 - 15:22
Chrysler Group told federal safety regulators it could add trailer hitches to recalled Jeep SUVs by March, much sooner than the several years estimated by regulators who had urged the automaker to quicken the pace of repairs.

Mazda2 output begins in Japan

Automotive Business Review - 17 juill. 2014 - 14:34
Mazda began manufacturing the next-generation Mazda2 subcompact in Japan today and unveiled the first pictures of the production model.

AutoNation's Q2 net rises 12% on 8% revenue gain

Automotive Business Review - 17 juill. 2014 - 14:30
AutoNation posted a double-digit gain in second-quarter net income but fell shy of analysts' profit expectations as digital investment drove expenses higher.

Man City scores Nissan sponsorship deal

Financial Times - 17 juill. 2014 - 14:26
English Premier League champions milk on-pitch success after Nissan signs a five-year deal to become global sponsor of its worldwide clubs

China Mulling More EV Incentives in Wake of Poor Sales

China car times - 2 avr. 2014 - 10:12

As electric vehicles sales remain weak, China is considering adding new measures to entice buyers into buying electric and plug-in hybrid vehicles.

It wasn’t long ago that the Chinese government backed away from its plan to gradually reduce EV subsidies (instead opting for much less steep reductions over the next few years). It now appears that the government intends to add more icing to the cake in the form of tax breaks. According to Ma Kai, Vice Premier in the State Council, the Chinese government is considering excepting all “new energy” vehicles from the 10% vehicle purchase tax that normally accompanies the purchase of a new vehicle. This tax cut would come in addition to efforts to further extend the subsidies beyond the Dec 31st end date. More details are due to be released in the coming months.

The 10% tax reduction certainly wont hurt the adoption of alternative energy vehicles in China, but likely will do little to spur demand either. China desperately needs a dramatic and well-publicized effort to roll out a comprehensive national network of charging stations if the government truly seeks to bring electric vehicles to the market in large numbers.

1 janv. 1970 - 02:00
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