The total global gross value market for hybrid and pure electric vehicles will reach $334 billion within the decade, from a current value of $69 billion, forecast analysts IDTechEx.
Monthly Archives: December 2013
Volkswagen Mama Up! Concept for mothers with infants
Volkswagen’s Czech division has come up with a one-off up! designed for mothers with newborns.
One in six confesses to deliberate ‘bump parking’
One in six drivers will deliberately let their car hit another vehicle when trying to parallel park, a new study has found.
Apollo Tyres share value soars on Cooper deal uncertainty
Shares of India’s Apollo Tyres rocketed by nearly eight percent Tuesday on investors’ hopes that the company would walk away from a $2.5 billion debt-funded deal to buy US-based Cooper Tire & Rubber.
China is stepping up its presence in Detroit auto industry
While the US automotive industry continues to rebound after its near collapse from the financial crisis few years back, China is quietly expanding its presence in the Detroit-based market.
Encouraged by the low price of real estate and the high level of advanced engineering talent, dozens of Chinese auto companies and suppliers are opening plants and offices in and around the Motor City, where they hope to one day sell cars to US buyers.
