Search Results for: feds-sign-navistar-volkswagen-partnership

2023-09-05

Companies Support Government Fleet Renewal Program

Fabio Ferraresi
Fabio Ferraresi

Gerdau, Vamos and Volkswagen Caminhões have formed a partnership to support the national fleet renewal program, aimed at removing from roads vehicles more than 20 years old.

The fleet renewal program provides for the purchase of low emission and more efficient vehicles by self-employed drivers and other operations. Under the plan, 140 acquired vehicles were sent to Gerdau’s headquarters in Araçariguama, which is responsible for their destruction and recycling.

At the same time, an extension for the incentives program of up to 1 Billion Reais, (US$ 200 M) was announced.

Source: G1      Read The Article

PSR Analysis: The total of resources and mechanisms to allow the access to the resources still are not sufficient for the program to impact the market significantly. However, the small inroads demonstrate the desire of Government and private entities to make changes and should impact the market going forward. More deployments and adjustments in the program should come in the medium term. We will keep monitoring and adjusting our short-medium term forecast as it progresses.   PSR

Fabio Ferraresi is Director-Business Development South America for Power Systems Research

PowerTALK July 2019

PowerTALK July 2019Download

Global Truck Production Picked Up in Q2 2019 

Global truck production picked up in Q2 2019, according to the proprietary Truck Production Index (TPI) produced by Power Systems Research. YoY numbers were flat, however. The report is contained in the July issue of PowerTALK, the monthly newsletter produced  by Power Systems Research. 

Other top stories in this issue of PowerTALK include:

• Data Point: US Combine Production
• Brazil Auto Parts Sales Increase
• Global Economic Growth Cycle Slows
• Brazil Plans Energy Cost Reductions
• Toyota Sets China Battery Partnership
• China Auto Sales Decline Sharply
• Daimler-BAIC Partnership Strengthened
• Kawasaki Plans Hydrogen Liquefaction Expansion
• India Used Car Sales Climb
• Russia Dropping Electric Car Plans for NG
• Auto OEMs Get Russia Support

PowerTALK April 2019

PowerTALK April 2019Download

Zirnhelt Named President and CEO at Power Systems Research

Significant activities at Power Systems Research (PSR) lead the news report in the April issue of the PowerTALK report.

First, Joe Zirnhelt has been named President and Chief Executive Officer of the company, effective immediately. He had been serving as Chief Operating Officer. Zirnhelt replaces Dennis Huibregtse as CEO.

Top Stories in April 2019 PowerTALK

  • Data Point: Ag Tractors
  • PSR Management Transition
  • PSR-IHS Markit Form Partnership
  • Global Economic Report
  • Ford Brazilian Operations
  • Brazilian M/C Sales Climb
  • Brazilian Ag Credit Limits
  • China Rolls Out Fuel Cell Bus
  • Electrification Hot at Bauma 2019
  • Toyota Pushes Electrification
  • Hyundai Invests US$39 Billion
  • Ride Share Via Expands
  • India Honda Cuts M/C Production
  • VW To Double Russian Production
Read More»

2022-03-20

Sony Unveils EV SUV, Announces Collaboration With Honda

FAR EAST: JAPAN REPORT
Akihiro Komuro
Akihiro Komuro

On March 5, the Sony Group unveiled its prototype EV “VISION-S” SUV to the public for the first time in Japan. The vehicle brings together Sony’s strengths in sensor, audio, and video technologies. On March 4, Sony announced a partnership with Honda, and the two companies will jointly develop EVs through a new company in which both companies will invest, with the aim of launching the EVs in 2025.

Following a sedan-type prototype announced in 2020, Sony unveiled an SUV at the Consumer Electronics Show (CES), a digital technology trade show held in the U.S. in January 2022.

The side mirrors will have no mirrored surfaces and will use images and data collected from nearly 40 sensors, including those in the front and rear of the vehicle, to enhance safety. The dashboard has three displays that can show movies and other content in addition to driving information. Inside the car, Sony’s audio technology is used to provide a realistic music experience.

Read More»

2022-06-25

Buffett-backed BYD Will Supply Batteries To Tesla

CHINA REPORT

Jack Hao
Jack Hao

BEIJING— Chinese electric vehicle (EV) and battery maker BYD is going to become Tesla’s battery supplier for the first time, a senior executive at the company backed by Warren Buffett’s Berkshire Hathaway said recently.

“Tesla is a very successful company. BYD has great respect for Tesla and raises our hat to it,” said BYD’s executive vice president Lian Yubo in an interview with the state-owned news channel China Global Television Network (CGTN), when he was asked his thoughts of China-made vehicles in comparison with Tesla.  “(Tesla CEO) Musk and us are good friends now as we are preparing to supply batteries to it very soon. We learned a lot from Tesla,” Lian added, noting the U.S. rival’s positioning itself as a high-end EV brand.

Lian’s remark suggests BYD is set to be the second China-based battery supplier of Tesla next to CATL, the world’s largest EV battery company. LG Energy Solution, the South Korean battery maker second to CATL, and Tesla’s long-time partner Panasonic currently are another two battery makers in Tesla’s supplier list.

Read More»

2023-06-19

Hino Motors and Mitsubishi Fuso To Merge

FAR EAST: JAPAN REPORT

The announced reorganization of several commercial vehicles companies came suddenly and was one that few in the industry expected.

On May 30, Toyota Motor Corporation and Daimler Trucks of Germany announced a business merger between Toyota-owned Hino Motors and Daimler-owned Mitsubishi Fuso Truck and Bus Corporation. The merger is expected to be completed by the end of 2024.

The four companies have reached a basic agreement that calls for Toyota and Daimler to establish a holding company by the end of 2024 with the aim of going public. Hino Motors and Mitsubishi Fuso will become part of the holding company. Toyota and Daimler will hold the same percentage of shares in the holding company, and Hino Motors will cease to be a consolidated subsidiary of Toyota after the merger.

Read More»

2023-04-18

Beiqi Foton Motors and Cummins Set Joint Investment

CHINA REPORT
Jack Hao
Jack Hao

Beijing Foton Motors and Cummins said they will further strengthen their strategic cooperation in the Southeast Asian region and sign a joint investment agreement with the Foton Cummins Thailand engine factory to provide powertrains for the Foton Zhengda vehicle base and Southeast Asian business.

This signing would mark a further strategic cooperation between Foton Motors and Cummins, targeting a wider range of regional markets and providing more diversified power solutions to global customers.

As a global emerging economy, ASEAN (Association of Southeast Asian Nations) has become one of the regions with the greatest development potential in the world. In recent years, Foton Motors has had significant business expansion in Southeast Asian countries including Thailand, Malaysia, and the Philippines. Their market share has gradually increased in trucks, buses, and other specialized vehicles, and they have built their reputation in the local market.

Read More»

NA Gen-Set Sales Strong in Q3 2018

SUMMARY: Gen-set sales in North America climbed 6% in Q3 2018 over Q2 2018, with the focus switching from larger industrial standby’s and construction site power generation earlier in the year to residential standby sales as part of winter-preparedness.

Read More»

Q2 2018 Shows Further Evidence of Paradigm Shifts Following 2017 Hurricanes

SUMMARY: Gen-set sales climbed 5% over Q1 2018 levels in anticipation of the camping season and end of fiscal year for many government and industrial consumers. While fewer dealers commented on specific-storm related residential demand this quarter, the 5% growth this quarter does seem to indicate that last year’s hurricanes may have raised the gen-set market up to a new normal, especially when compared to the 1.8% growth reported in Q2 of 2017.

Read More»