Automakers Are Pushing For Electric Cars Sooner Than You’d Think
In the summer, Uber rejected an acquisition offer for the self-driving unit by an unnamed automaker. Tesla was the top American automaker in Consumer Reports’ report card, placing 8th with an overall score of 73. The two models averaged a road-test score of 88, and scored an excellent grade in owner satisfaction, with the predicted reliability earning a fair grade. Anhui Zotye was one of the first automakers to produce all-electric passenger vehicles in the country.
Five to seven-year vehicle product cycles make startup partnerships difficult because there is uncertainty about whether the company will still be around when a car comes to market. As a result, to grow or even maintain revenue, automakers must make more per car sold. So far this year, we haven’t seen any large M&A transactions involving automakers. They felt that Chrysler would go bankrupt even with a bailout, and that Ford didn’t really need it. The main impact from the bailout was to save jobs at GM. But the recession caused GM to slash its employment and production, despite the bailout. The automaker was one of three brands to jump six spots over last year, per the magazine.
Fiat Chrysler rejected the bid, which was said to provide a small premium over the company’s market value. VW Group, parent of European automakers like Volkswagen, Audi, and Porsche, will invest $84 billion in EV development. Subaru placed 5th overall in the Consumer Reports ranking with a score of 74. The automaker earned a road-test score of 81, and ranked very good in owner satisfaction and good in predicted reliability. Analysts say Jeep is unquestionably the most valuable part of FCA’s portfolio and theoretically worth more on its own than the automaker as a whole.
The U.S. government bailed out Chrysler in late 2008 and 2009, funding the company’s bankruptcy and helping to negotiate Italian automaker Fiat’s deal to gain control of the brand. So, with the commission threatening to impose Real Driving Emissions (RDE) tests as soon as 2017, state governments representing their automakers argued for conformity factors” — a fudge factor if you will — that would allow their cars to continue polluting more during real-world driving and still be deemed as meeting the emissions standards. Yet, while that prediction may appear apocalyptic, ride-sharing does present an opportunity for automakers.
Prior to her appointment as Financial Director & company secretary for Automaker Media Group in 2011, Doris was head of department of business and economics at William Brookes College in Much Wenlock, UK. Her professional career has included financial and management roles at automotive suppliers, fashion brands, and engineering companies prior to Doris’s academic career lecturing at Staffordshire University, Stoke College, and later William Brookes College.