May 9, 2019
Activiștii Greenpeace, mesaj pentru liderii europeni, la Sibiu
Activiștii Greenpeace și studenți din mai multe țări europene au afișat un mesaj pe un banner uriaș în ziua summitului privind viitorul UE din Sibiu. Coloanele oficiale au trecut pe lângă protestatari în timp ce aceștia au dezvăluit bannerul cu mesajul: "BROKEN CLIMATE, BROKEN FUTURE".
Reducerea emisiilor de gaze cu efect de seră în Europa stagnează, iar oamenii de știință avertizează că avem mai puțin de 12 ani pentru a limita creșterea temperaturii medii globale până la 1,5 °C. Dacă depășim acest prag, efectele vor fi iremediabile și dezastruoase. Prin urmare, activiștii Greenpeace au cerut liderilor europeni să prioritizeze acțiuni imediate pentru protejarea climei, în conformitate cu acordul climatic de la Paris.
Mai multe guverne, printre care Franța, Spania, Olanda, Belgia, Danemarca, Suedia, Portugalia și Luxemburg, doresc ca UE să își majoreze obiectivele climatice pentru 2030 și să atingă zero emisii de gaze cu efect de seră până în 2050. România, alături de Germania, Polonia, Cehia și Bulgaria, se opune unei revizuiri a obiectivelor de reducere a emisiilor de gaze cu efect de seră. Dacă obiectivele actuale nu sunt revizuite urgent vom avea ca rezultat o creștere a temperaturii medii globale cu peste 3 °C.
“În România, cei mai mari emițători de gaze cu efect de seră sunt termocentralele pe cărbune. Deși Comisia Europeană dorește o decarbonizare totală, Romania are în plan să construiască noi unități pe cărbune. În plus permite funcționarea termocentralelor care nu respectă normele de mediu europene, sprijinind acest sector foarte poluant pentru planetă și sănătatea oamenilor. Cerem Guvernului României un angajament serios pentru eliminarea treptată a combustibililor fosili, mai ales în contextul în care România are un potențial generos de a produce energie din surse curate, regenerabile.” declară Alin Tănase, coordonator de campanii Greenpeace România.
Cercetătorii ONU avertizau anul trecut că depășirea pragului de 1,5 °C ar avea consecințe directe asupra oamenilor și naturii. Un alt raport ONU publicat recent susține că a șasea extincție în masă reprezintă o amenințare majoră pentru omenire, cu un milion de specii expuse riscului de dispariție, în parte din cauza schimbărilor climatice.
Sebastian Mang, consilier pentru politici în domeniul climei Greenpeace EU, a declarat: "Oamenii din întreaga Europă sunt alarmați deoarece știu că nu putem avea un viitor durabil fără o climă stabilă. Liderii europeni nu mai pot pretinde că oferă stabilitate și prosperitate fără măsuri ferme pentru protejarea climei. Dacă politicienii noștri sunt serioși în ceea ce privește construirea unui viitor pașnic și prosper, aceștia trebuie să pună bazele unei economii fără combustibili fosili, de care să beneficiem cu toții."
Pentru a limita efectele schimbărilor climatice, Greenpeace solicită UE să realizeze o decarbonizare totală până în 2040 și să reducă emisiile de gaze cu efect de seră cu 65% până în 2030.
Jul 15, 2011
Mitsubishi Electric and Mitsubishi Motors Debut Solar-Powered Vehicle Charging Station
Mitsubishi Electric & Electronics USA, Inc. (Mitsubishi Electric) and Mitsubishi Motors North America, Inc. (MMNA) today debuted a solar-powered charging station for electric vehicles at the MMNA headquarters in Cypress, California. This charging facility, the first of its kind in Cypress, symbolizes MMNA's commitment to electric vehicle readiness, and will help kick off the preparations as certified Mitsubishi dealers become EV-ready in anticipation of the scheduled launch date of Mitsubishi i for each state. The charging station is powered by 96, 175W photovoltaic modules from Mitsubishi Electric. This charging station will help support CHAdeMO compatible electric vehicles such as the Mitsubishi i, which will arrive in showrooms in November of this year. Mitsubishi i vehicles are now being reserved by prospective owners through a pre-order process available at i.mitsubishicars.com.
Able to charge up to four vehicles at once, the station features three types of chargers with different voltages: standard level 1 voltage (110v) will deliver a 100 percent charge in 22 hours on the new Mitsubishi i; level 2 (220v) which can charge the vehicle in six hours; and level 3 CHAdeMO Quick Charger, which can charge to 80 percent battery capacity in 25 minutes.
The DC Quick Charger used for the Cypress charging station is manufactured by the Eaton Corporation, and is the first-of-its-kind CHAdeMO Quick Charger certified for U.S. sale and public utility. The actual installation of the charging equipment and the supporting electrical infrastructure was handled by Rogers Electric. The twin-arch structure for the charging station was designed by California Green Designs.
The charging station is the first such collaboration between the two similarly named companies, whose headquarters are just a few blocks apart in northern Orange County. Situated near the junction of the 405 and 605 freeways, the hope is that the Cypress charging station, with its Quick Charge capability, can serve as a gateway charging pad for Mitsubishi i users commuting between Los Angeles and Orange counties.
"This project will build awareness of solar power's versatility and efficiency," said Katsuya Takamiya, president and chief executive officer, Mitsubishi Electric & Electronics USA. "As electric vehicles' popularity grows, we expect to see more charging stations at large employers, automobile dealerships, shopping centers and schools, where cars can charge while people work, shop or study."
Mitsubishi Motors North America President Yoichi Yokozawa said "We hope that our dealers, learning institutions, and municipalities will look to this technology with a keen eye towards the future, and bear in mind that the gradual acceptance of the pure-EV transportation will be aided by increasing the number of facilities like this one."
Mitsubishi Electric's solar panels are made with 100 percent lead-free solder, and have one of the higher sunlight-to-energy conversion ratios in the industry, adding to the project's efficiency and sustainability.
Able to charge up to four vehicles at once, the station features three types of chargers with different voltages: standard level 1 voltage (110v) will deliver a 100 percent charge in 22 hours on the new Mitsubishi i; level 2 (220v) which can charge the vehicle in six hours; and level 3 CHAdeMO Quick Charger, which can charge to 80 percent battery capacity in 25 minutes.
The DC Quick Charger used for the Cypress charging station is manufactured by the Eaton Corporation, and is the first-of-its-kind CHAdeMO Quick Charger certified for U.S. sale and public utility. The actual installation of the charging equipment and the supporting electrical infrastructure was handled by Rogers Electric. The twin-arch structure for the charging station was designed by California Green Designs.
The charging station is the first such collaboration between the two similarly named companies, whose headquarters are just a few blocks apart in northern Orange County. Situated near the junction of the 405 and 605 freeways, the hope is that the Cypress charging station, with its Quick Charge capability, can serve as a gateway charging pad for Mitsubishi i users commuting between Los Angeles and Orange counties.
"This project will build awareness of solar power's versatility and efficiency," said Katsuya Takamiya, president and chief executive officer, Mitsubishi Electric & Electronics USA. "As electric vehicles' popularity grows, we expect to see more charging stations at large employers, automobile dealerships, shopping centers and schools, where cars can charge while people work, shop or study."
Mitsubishi Motors North America President Yoichi Yokozawa said "We hope that our dealers, learning institutions, and municipalities will look to this technology with a keen eye towards the future, and bear in mind that the gradual acceptance of the pure-EV transportation will be aided by increasing the number of facilities like this one."
Mitsubishi Electric's solar panels are made with 100 percent lead-free solder, and have one of the higher sunlight-to-energy conversion ratios in the industry, adding to the project's efficiency and sustainability.
BASF intensifies research and development of innovative products for sustainable electromobility
Batteries are the key technology for the electromobility of the future. Over the next five years, BASF will be investing a three-digit million euro sum in researching, developing and the production of battery materials. Part of the investment is being channeled into the construction of a production plant for advanced cathode materials in Elyria, Ohio. This new facility with an investment volume of more than $50 million is scheduled to supply the market with cathode materials for the production of high-performance lithium-ion batteries from mid-2012.
New materials enable higher-performance battery concepts
In addition to innovative materials for cathodes, BASF has recently also entered the field of electrolyte development. High-quality tailored electrolytes are essential for battery performance. "By entering into the electrolyte business we are expanding our portfolio of innovative solutions for high-performance lithium-ion batteries and as a future system supplier, we will be able to support our customers' competitiveness in the electromobility field," said Dr. Andreas Kreimeyer, member of the Board of Executive Directors and Research Executive Director of BASF SE. As well as developing materials for lithium-ion batteries, which include solutions for anodes and separators, BASF is also researching future battery concepts such as lithium-sulfur or lithium-air.
"With our research activities we are substantially contributing to making electric cars affordable, environment friendly and sustainable. For this we need batteries and further innovative components that provide a greater driving range with less weight and lower costs," explained Kreimeyer.
Lightweight construction and intelligent heat management reduce energy consumption
To compensate for the additional battery weight of about 200 kg and allow for an acceptable driving range, the weight of electric vehicles must be reduced through lightweight construction components. This naturally places new demands on the materials, including completely new properties in terms of temperature stability, electromagnetic screening and fire resistance. Although plastics already contribute greatly to vehicular weight savings when incorporated in the chassis, interior and engine compartment, further multifunctional lightweight construction concepts are needed. For example, BASF is working on fast-curing epoxy, polyurethane and polyamide resins for fiber reinforced composites to be used in the manufacture of lightweight vehicle bodies. These materials can provide further weight savings of up to 100 to 150 kilograms in structural components and chassis.
BASF also offers solutions for improving heat management in electric cars. "When the temperatures rise in summer, the car's air conditioner consumes additional energy reducing the vehicles driving range," explained Kreimeyer. When incorporated in interiors and automotive coatings, pigments that reflect the heat-generating infrared rays of sunlight prevent the temperature from getting too high inside the car. And while the combustion engine provides exhaust heat in winter, an electric vehicle consumes electricity to heat the interior. To keep energy consumption low under these conditions, it is necessary to insulate electrical vehicles against the cold with high performance foams. This also increases the car's driving range.
Sustainable electromobility – a broader concept than just the electric car
Innovations from chemical research and the right energy mix will be key factors in helping electromobility to make its breakthrough – while remaining sustainable. "We take a holistic view of this topic. Electromobility will only significantly contribute to environmental and climate protection when the electricity from the batteries has been generated high efficiently and with less CO2. Therefore we are investing in research to find ways of generating electricity from renewable energy technologies such as wind and solar energy. We are also developing innovative storage technologies because in our latitudes these forms of energy are not available 24/7," said Kreimeyer.
Policy makers are also called upon to create the appropriate general conditions to ensure that electromobility remains competitive in the global market. This will include government sponsored research and development programs to ensure that Germany retains its technological lead and can take further strides forward in electromobility. The creation of added value and jobs in Germany is another positive outcome.
"If industry together with politics, science and society as a whole all pull in the same direction, electromobility will be successful and become an affordable and sustainable alternative to the classical internal combustion technology," added Kreimeyer.
New materials enable higher-performance battery concepts
In addition to innovative materials for cathodes, BASF has recently also entered the field of electrolyte development. High-quality tailored electrolytes are essential for battery performance. "By entering into the electrolyte business we are expanding our portfolio of innovative solutions for high-performance lithium-ion batteries and as a future system supplier, we will be able to support our customers' competitiveness in the electromobility field," said Dr. Andreas Kreimeyer, member of the Board of Executive Directors and Research Executive Director of BASF SE. As well as developing materials for lithium-ion batteries, which include solutions for anodes and separators, BASF is also researching future battery concepts such as lithium-sulfur or lithium-air.
"With our research activities we are substantially contributing to making electric cars affordable, environment friendly and sustainable. For this we need batteries and further innovative components that provide a greater driving range with less weight and lower costs," explained Kreimeyer.
Lightweight construction and intelligent heat management reduce energy consumption
To compensate for the additional battery weight of about 200 kg and allow for an acceptable driving range, the weight of electric vehicles must be reduced through lightweight construction components. This naturally places new demands on the materials, including completely new properties in terms of temperature stability, electromagnetic screening and fire resistance. Although plastics already contribute greatly to vehicular weight savings when incorporated in the chassis, interior and engine compartment, further multifunctional lightweight construction concepts are needed. For example, BASF is working on fast-curing epoxy, polyurethane and polyamide resins for fiber reinforced composites to be used in the manufacture of lightweight vehicle bodies. These materials can provide further weight savings of up to 100 to 150 kilograms in structural components and chassis.
BASF also offers solutions for improving heat management in electric cars. "When the temperatures rise in summer, the car's air conditioner consumes additional energy reducing the vehicles driving range," explained Kreimeyer. When incorporated in interiors and automotive coatings, pigments that reflect the heat-generating infrared rays of sunlight prevent the temperature from getting too high inside the car. And while the combustion engine provides exhaust heat in winter, an electric vehicle consumes electricity to heat the interior. To keep energy consumption low under these conditions, it is necessary to insulate electrical vehicles against the cold with high performance foams. This also increases the car's driving range.
Sustainable electromobility – a broader concept than just the electric car
Innovations from chemical research and the right energy mix will be key factors in helping electromobility to make its breakthrough – while remaining sustainable. "We take a holistic view of this topic. Electromobility will only significantly contribute to environmental and climate protection when the electricity from the batteries has been generated high efficiently and with less CO2. Therefore we are investing in research to find ways of generating electricity from renewable energy technologies such as wind and solar energy. We are also developing innovative storage technologies because in our latitudes these forms of energy are not available 24/7," said Kreimeyer.
Policy makers are also called upon to create the appropriate general conditions to ensure that electromobility remains competitive in the global market. This will include government sponsored research and development programs to ensure that Germany retains its technological lead and can take further strides forward in electromobility. The creation of added value and jobs in Germany is another positive outcome.
"If industry together with politics, science and society as a whole all pull in the same direction, electromobility will be successful and become an affordable and sustainable alternative to the classical internal combustion technology," added Kreimeyer.
Jul 14, 2011
Mercedes-Benz USA Announces Smart Team
Mercedes-Benz USA (MBUSA) today announced appointments within a dedicated team that will be responsible for the sales, marketing and distribution of smart products in the United States. MBUSA took over responsibility for sales of the two-seater coupes and cabriolets from the Penske organization on July 1, 2011.
Heading up the smart team as general manager will be Tracey Matura. Matura is responsible for the brand's distribution, sales and marketing activities, reporting to Michael Slagter, vice president of sales for MBUSA. She has worked for MBUSA for 16 years, predominantly in the legal and retail areas, most recently as general manager of strategic retail development where she was responsible for the MBUSA dealer network. She was ranked one of the "100 Leading Women in the North American Auto Industry" by Automotive News this year.
Matura and her team will be part of a new subsidiary of MBUSA called Daimler Vehicle Innovations USA LLC. Positions reporting directly to Matura include:
-Julia Knittel as manager, smart marketing and brand management. Knittel, who has worked for MBUSA since 2002 in such areas as learning & performance and consumer events & sports marketing, was also communications manager for the smart brand when MBUSA originally introduced the brand to the U.S. in 2004. In her new post, Knittel will be responsible for developing and implementing strategic communication platforms for smart products and the brand in the U.S. including traditional marketing, experiential marketing, partnerships, social and digital media.
-Sean Lyons as manager, smart sales and aftersales. Lyons comes to smart from Lexus where he held management positions for 11 years in regional sales operations, preowned and marketing, and most recently, vehicle field sales. As part of the smart team, Lyons will be responsible for managing sales and aftersales activities including overseeing a team of six field operations managers.
-Deirdre O'Grady as smart dealer network lead. O'Grady brings to her new position nine years of retail experience at Infiniti, in such positions as regional distribution manager, market manager, and dealer parts & service manager. She also worked in sales operations, market representation, marketing and consumer affairs. On the smart team, O'Grady will be responsible for the strategic development and support of the smart franchise network which currently consists of 75 dealerships across the United States.
The distinctive smart product line consists of four models in the U.S.: the gasoline-powered smart fortwo in coupe (in "pure" or "passion" configuration) and cabriolet bodystyles as well as an all-electric version of the smart fortwo coupe. Over 47,000 smarts have been sold in the U.S. to date.
Heading up the smart team as general manager will be Tracey Matura. Matura is responsible for the brand's distribution, sales and marketing activities, reporting to Michael Slagter, vice president of sales for MBUSA. She has worked for MBUSA for 16 years, predominantly in the legal and retail areas, most recently as general manager of strategic retail development where she was responsible for the MBUSA dealer network. She was ranked one of the "100 Leading Women in the North American Auto Industry" by Automotive News this year.
Matura and her team will be part of a new subsidiary of MBUSA called Daimler Vehicle Innovations USA LLC. Positions reporting directly to Matura include:
-Julia Knittel as manager, smart marketing and brand management. Knittel, who has worked for MBUSA since 2002 in such areas as learning & performance and consumer events & sports marketing, was also communications manager for the smart brand when MBUSA originally introduced the brand to the U.S. in 2004. In her new post, Knittel will be responsible for developing and implementing strategic communication platforms for smart products and the brand in the U.S. including traditional marketing, experiential marketing, partnerships, social and digital media.
-Sean Lyons as manager, smart sales and aftersales. Lyons comes to smart from Lexus where he held management positions for 11 years in regional sales operations, preowned and marketing, and most recently, vehicle field sales. As part of the smart team, Lyons will be responsible for managing sales and aftersales activities including overseeing a team of six field operations managers.
-Deirdre O'Grady as smart dealer network lead. O'Grady brings to her new position nine years of retail experience at Infiniti, in such positions as regional distribution manager, market manager, and dealer parts & service manager. She also worked in sales operations, market representation, marketing and consumer affairs. On the smart team, O'Grady will be responsible for the strategic development and support of the smart franchise network which currently consists of 75 dealerships across the United States.
The distinctive smart product line consists of four models in the U.S.: the gasoline-powered smart fortwo in coupe (in "pure" or "passion" configuration) and cabriolet bodystyles as well as an all-electric version of the smart fortwo coupe. Over 47,000 smarts have been sold in the U.S. to date.
AeroVironment Achieves UL Certification for Full Line of Electric Vehicle Charging Systems
AeroVironment today announced that with the recent certification of its EV fast charging system, it now has received certification and listing from the Underwriters Laboratories (UL) for six groundbreaking electric vehicle (EV) charging systems, a significant milestone for the expanding EV industry. UL is one of the most widely recognized independent product safety certification organizations in the world.
"UL certification is a critical milestone that can take companies months or even years to secure"
All six charging systems -- including AeroVironment's fast charging system, which can provide a full EV recharge in less than 30 minutes – have passed hundreds of trials as part of UL's stringent testing program. AeroVironment is the first company to provide a full lineup of chargers listed with UL, expanding the possibilities for both home and public charging in a multitude of locations so that drivers can refuel their EVs with confidence, no matter where they are. UL certification of an entire suite of charging solutions is a major landmark for the industry and is a critical step before putting charging products of all types into consumers' hands.
AeroVironment's UL-listed product offering includes smart grid-enabled home charging stations; commercial AC charging stations; high-power DC fast charging stations that can fully charge a vehicle in minutes; and a standard 120 Volt AC charging cord that can be used with every EV and plug-in hybrid (PHEV). Public and commercial charging stations offer point-of-sale payment options and smart-grid connectivity.
"UL certification is a critical milestone that can take companies months or even years to secure," said Mike Bissonette, senior vice president and general manager of AeroVironment's Efficient Energy Systems business segment. "Today, we're the first and only company in the industry to have developed such a broad line of UL-certified EV charging products for deployment to customers across the nation. As a result, AeroVironment charging systems will be available in many more locations. This is important because drivers want a safe, convenient and reliable way to refuel their vehicle, wherever and whenever it's needed."
In addition to these core products, AeroVironment offers hardware and software systems that round out the line – an EV infrastructure "ecosystem" that takes a 360-degree approach to meeting the EV driver's every need. Additional systems include EVBoost™, a roadside assistance charging system for repair and tow service companies, and Web and mobile phone applications that link drivers remotely to their charging network for route planning and wireless payment.
AeroVironment is the provider of charging solutions – including hardware, consulting services, installation, and back-end support – to BMW, NRG Energy, Nissan, the State of Hawaii and the State of Oregon, where the company will be deploying fast chargers to transform the Interstate-5 into North America's premier "Green Highway." Thousands of AeroVironment's charging systems have been deployed in 25 states and hundreds of communities across the United States.
AeroVironment's UL-listed product suite includes:
Home AC charging station (EVSE-RS)
Home AC charging station with smart grid capability (EVSE-RS+)
Commercial AC charging station – with smart grid capability (EVSE-CS)
Public DC fast charging station – with smart grid capability (EV50-PS)
Fleet DC fast charging station – with smart grid capability (EV50-FS)
120VAC cord standard charging cord - can be used with all EVs and PHEVs (EVSE-CT)
"UL certification is a critical milestone that can take companies months or even years to secure"
All six charging systems -- including AeroVironment's fast charging system, which can provide a full EV recharge in less than 30 minutes – have passed hundreds of trials as part of UL's stringent testing program. AeroVironment is the first company to provide a full lineup of chargers listed with UL, expanding the possibilities for both home and public charging in a multitude of locations so that drivers can refuel their EVs with confidence, no matter where they are. UL certification of an entire suite of charging solutions is a major landmark for the industry and is a critical step before putting charging products of all types into consumers' hands.
AeroVironment's UL-listed product offering includes smart grid-enabled home charging stations; commercial AC charging stations; high-power DC fast charging stations that can fully charge a vehicle in minutes; and a standard 120 Volt AC charging cord that can be used with every EV and plug-in hybrid (PHEV). Public and commercial charging stations offer point-of-sale payment options and smart-grid connectivity.
"UL certification is a critical milestone that can take companies months or even years to secure," said Mike Bissonette, senior vice president and general manager of AeroVironment's Efficient Energy Systems business segment. "Today, we're the first and only company in the industry to have developed such a broad line of UL-certified EV charging products for deployment to customers across the nation. As a result, AeroVironment charging systems will be available in many more locations. This is important because drivers want a safe, convenient and reliable way to refuel their vehicle, wherever and whenever it's needed."
In addition to these core products, AeroVironment offers hardware and software systems that round out the line – an EV infrastructure "ecosystem" that takes a 360-degree approach to meeting the EV driver's every need. Additional systems include EVBoost™, a roadside assistance charging system for repair and tow service companies, and Web and mobile phone applications that link drivers remotely to their charging network for route planning and wireless payment.
AeroVironment is the provider of charging solutions – including hardware, consulting services, installation, and back-end support – to BMW, NRG Energy, Nissan, the State of Hawaii and the State of Oregon, where the company will be deploying fast chargers to transform the Interstate-5 into North America's premier "Green Highway." Thousands of AeroVironment's charging systems have been deployed in 25 states and hundreds of communities across the United States.
AeroVironment's UL-listed product suite includes:
Home AC charging station (EVSE-RS)
Home AC charging station with smart grid capability (EVSE-RS+)
Commercial AC charging station – with smart grid capability (EVSE-CS)
Public DC fast charging station – with smart grid capability (EV50-PS)
Fleet DC fast charging station – with smart grid capability (EV50-FS)
120VAC cord standard charging cord - can be used with all EVs and PHEVs (EVSE-CT)
DOE Offers Conditional Commitment for a $105 Million Loan Guarantee for First-of-its-Kind Cellulosic Bio-Refinery in Iowa
U.S. Energy Secretary Steven Chu today announced the offer of a conditional commitment for a $105 million loan guarantee to support the development of the nation's first commercial-scale cellulosic ethanol plant. Project LIBERTY, sponsored by POET, LLC, will produce up to 25 million gallons of ethanol per year and will be located in Emmetsburg, Iowa. POET estimates the project will generate approximately 200 jobs during construction and 40 permanent jobs at the plant. POET estimates the project will also bring approximately $14 million in new revenue to area farmers.
"This project will help decrease our dependence on oil, create jobs and aid our transition to clean, renewable energy that is produced here at home," said Secretary Chu. "The innovations used in this project are another example of how we are seizing the opportunity to create new economic opportunities to win the clean energy future."
"Projects like the one we are announcing today show that our investments in next generation biofuels are paying off," said Secretary Vilsack. "Project LIBERTY will produce up to 25 million gallons of ethanol per year, create over 200 jobs, and generate millions of dollars in revenue for the local economy. This project is an important step in the Obama Administration's effort to break our nation's unsustainable dependence on foreign oil and move toward a clean energy economy."
"POET has given this initiative the very apt name Project Liberty, and it is appropriate that this announcement comes so close to Independence Day," said Senator Tom Harkin (D-IA), a senior member and former Chairman of the Senate Agriculture Committee. "This is all about decreasing American's dependence on oil from unstable and often hostile foreign sources. And this pioneering facility will kick-start a major domestic industry producing advanced biofuels from plentiful feedstocks like crop residues, native grasses and woody materials, creating thousands of jobs in rural America. I thank Secretary Chu and the Department for their commitment to accelerating America's transition from dependence on imported oil to greater reliance on to clean, domestically produced biofuels."
Unlike many conventional corn ethanol plants, Project LIBERTY will use corncobs, leaves and husks - sources provided by local farmers - that do not compete with feed grains. The project's innovative process uses enzymatic hydrolysis to convert waste into ethanol and will produce enough biogas to power both Project LIBERTY and POET's adjacent grain-based ethanol plant. Project LIBERTY will displace over 13.5 million gallons of gasoline annually and fulfill more than 25 percent of the projected 2013 Renewable Fuel Standard Requirement for biomass-based cellulosic ethanol. POET plans to replicate their unique process at 27 of their other corn ethanol facilities, which would have a projected combined annual capacity of one billion gallons per year of cellulosic ethanol. The company estimates that 85 percent of Project LIBERTY will be sourced with U.S. content.
The Department of Energy's Loan Programs Office administers three separate programs: the Title XVII Section 1703 and Section 1705 loan guarantee programs, and the Advanced Technology Vehicle Manufacturing (ATVM) loan program. The loan guarantee programs support the deployment of commercial technologies along with innovative technologies that avoid, reduce, or sequester greenhouse gas emissions, while ATVM supports the development of advanced vehicle technologies. Under all three programs, DOE has issued loans, loan guarantees or offered conditional commitments for loan guarantees totaling over $38 billion to support 41 clean energy projects across the U.S. DOE has issued conditional commitments or loan guarantees to support numerous projects, including several of the world's largest solar generation facilities, three geothermal projects, the world's largest wind farm, and the nation's first new nuclear power plant in three decades. For more information, please visit the Loan Programs Office.
"This project will help decrease our dependence on oil, create jobs and aid our transition to clean, renewable energy that is produced here at home," said Secretary Chu. "The innovations used in this project are another example of how we are seizing the opportunity to create new economic opportunities to win the clean energy future."
"Projects like the one we are announcing today show that our investments in next generation biofuels are paying off," said Secretary Vilsack. "Project LIBERTY will produce up to 25 million gallons of ethanol per year, create over 200 jobs, and generate millions of dollars in revenue for the local economy. This project is an important step in the Obama Administration's effort to break our nation's unsustainable dependence on foreign oil and move toward a clean energy economy."
"POET has given this initiative the very apt name Project Liberty, and it is appropriate that this announcement comes so close to Independence Day," said Senator Tom Harkin (D-IA), a senior member and former Chairman of the Senate Agriculture Committee. "This is all about decreasing American's dependence on oil from unstable and often hostile foreign sources. And this pioneering facility will kick-start a major domestic industry producing advanced biofuels from plentiful feedstocks like crop residues, native grasses and woody materials, creating thousands of jobs in rural America. I thank Secretary Chu and the Department for their commitment to accelerating America's transition from dependence on imported oil to greater reliance on to clean, domestically produced biofuels."
Unlike many conventional corn ethanol plants, Project LIBERTY will use corncobs, leaves and husks - sources provided by local farmers - that do not compete with feed grains. The project's innovative process uses enzymatic hydrolysis to convert waste into ethanol and will produce enough biogas to power both Project LIBERTY and POET's adjacent grain-based ethanol plant. Project LIBERTY will displace over 13.5 million gallons of gasoline annually and fulfill more than 25 percent of the projected 2013 Renewable Fuel Standard Requirement for biomass-based cellulosic ethanol. POET plans to replicate their unique process at 27 of their other corn ethanol facilities, which would have a projected combined annual capacity of one billion gallons per year of cellulosic ethanol. The company estimates that 85 percent of Project LIBERTY will be sourced with U.S. content.
The Department of Energy's Loan Programs Office administers three separate programs: the Title XVII Section 1703 and Section 1705 loan guarantee programs, and the Advanced Technology Vehicle Manufacturing (ATVM) loan program. The loan guarantee programs support the deployment of commercial technologies along with innovative technologies that avoid, reduce, or sequester greenhouse gas emissions, while ATVM supports the development of advanced vehicle technologies. Under all three programs, DOE has issued loans, loan guarantees or offered conditional commitments for loan guarantees totaling over $38 billion to support 41 clean energy projects across the U.S. DOE has issued conditional commitments or loan guarantees to support numerous projects, including several of the world's largest solar generation facilities, three geothermal projects, the world's largest wind farm, and the nation's first new nuclear power plant in three decades. For more information, please visit the Loan Programs Office.
Dow and Ube Form Joint Venture to Manufacture Electrolytes for Lithium-Ion Batteries
The Dow Chemical Company (NYSE:DOW) and Ube Industries, Ltd. (Ube) today announced an agreement to form a joint venture to manufacture and market formulated electrolytes for lithium-ion batteries (LIBs) in energy storage applications. The 50-50 joint venture, named Advanced Electrolyte Technologies LLC, is expected to be finalized later this year, pending regulatory approval.
The joint venture is another important step in Dow's commitment to develop innovative material science technologies to solve some of society's most pressing challenges through chemistry, including the world's growing need for clean energy solutions. The joint venture also complements the growth strategy of Dow's Energy Materials business by adding formulated electrolytes to an integrated product portfolio that addresses the rapidly expanding energy storage industry.
"The growing demand for alternative energy production and energy storage systems places technologies such as advanced batteries for electric/hybrid vehicles and power generation at the very center of the global mega-trends," said Heinz Haller, Dow executive vice president and chief commercial officer, "Partnering with an electrolyte industry leader like Ube gives Dow the ability to provide cell manufacturers with a robust offering of material technology that meets demanding battery performance requirements."
The new joint venture will also allow Ube to strengthen its global supply network and improve cost competitiveness for its electrolyte technology outside of Japan. This will enable Ube to take advantage of other rapidly growing geographical segments with its world class formulated electrolyte technologies.
"We are very excited to form Advanced Electrolyte Technologies with Dow," said Shinobu Watanabe, Ube managing executive officer.
"Combining Dow's material science strength and global footprint with Ube's expertise in electrolyte technology will deliver significant growth opportunities for both companies."
The joint venture's first manufacturing facility is expected to be built at Dow's Michigan Operations' site in Midland for startup in 2012.
The joint venture is another important step in Dow's commitment to develop innovative material science technologies to solve some of society's most pressing challenges through chemistry, including the world's growing need for clean energy solutions. The joint venture also complements the growth strategy of Dow's Energy Materials business by adding formulated electrolytes to an integrated product portfolio that addresses the rapidly expanding energy storage industry.
"The growing demand for alternative energy production and energy storage systems places technologies such as advanced batteries for electric/hybrid vehicles and power generation at the very center of the global mega-trends," said Heinz Haller, Dow executive vice president and chief commercial officer, "Partnering with an electrolyte industry leader like Ube gives Dow the ability to provide cell manufacturers with a robust offering of material technology that meets demanding battery performance requirements."
The new joint venture will also allow Ube to strengthen its global supply network and improve cost competitiveness for its electrolyte technology outside of Japan. This will enable Ube to take advantage of other rapidly growing geographical segments with its world class formulated electrolyte technologies.
"We are very excited to form Advanced Electrolyte Technologies with Dow," said Shinobu Watanabe, Ube managing executive officer.
"Combining Dow's material science strength and global footprint with Ube's expertise in electrolyte technology will deliver significant growth opportunities for both companies."
The joint venture's first manufacturing facility is expected to be built at Dow's Michigan Operations' site in Midland for startup in 2012.
Coulomb Technologies Introduces ChargePoint Android App For Electric Vehicle Owners
Coulomb Technologies today introduced its latest ChargePoint® smart phone app, for Android smart phones. Now available for free in the Android Market for the US, the ChargePoint App joins Coulomb's mobile app product family, which includes apps for the Blackberry and iPhone. Coulomb's ChargePoint apps continue to be the industry's first and only mobile apps that give electric vehicle (EV) drivers real-time charging station status, reservations, location information and navigation.
"We are seeing more than 20 thousand vehicle charging sessions a month on the ChargePoint Network and, on average, drivers remain plugged in for an average of eight hours a session"
"We are seeing more than 20 thousand vehicle charging sessions a month on the ChargePoint Network and, on average, drivers remain plugged in for an average of eight hours a session," said Richard Lowenthal, founder and CTO at Coulomb. "The ChargePoint app provides essential information and control for EV drivers needing to charge. Since EV charging stations are typically busy for hours, EV drivers need an app that tells them which stations are currently available to them. I have driven EVs for more than a decade and know firsthand what it means to arrive at stations that are already use or broken. That doesn't happen on ChargePoint."
The ChargePoint mobile apps provide an easy way to access the world's largest EV charging network with features to locate stations near any specified address, get turn-by-turn directions, and even start and stop a charging session directly from a smart phone. Additionally, these apps allow drivers to utilize the ChargePoint Network's new reservation feature. Drivers can now locate reservable stations, and then make, view, and cancel a reservation timeslot directly from a smart phone.
ChargePoint app features include the ability to:
Find charging stations near you or near any specified address
Get turn-by-turn directions to charging stations
See the real-time availability of charging stations: Available or In Use
Start and Stop charging sessions directly from the ChargePoint app
Get directions from your current location to where your vehicle is charging
Get status on your current or most recent charging session: energy used, greenhouse gas savings, time
Receive real-time notifications of your current charging session
View station details including: charging station configuration (voltage/current/connector), price to charge, and total cost after completing a charging session
Search and filter for stations by: available, in use, paid, free
Reservations: Locate reservable stations, and then make, view, and cancel reservations directly from the ChargePoint app
View your ChargePass account info.
Ability to view your Home Charger and its status.
"We are seeing more than 20 thousand vehicle charging sessions a month on the ChargePoint Network and, on average, drivers remain plugged in for an average of eight hours a session"
"We are seeing more than 20 thousand vehicle charging sessions a month on the ChargePoint Network and, on average, drivers remain plugged in for an average of eight hours a session," said Richard Lowenthal, founder and CTO at Coulomb. "The ChargePoint app provides essential information and control for EV drivers needing to charge. Since EV charging stations are typically busy for hours, EV drivers need an app that tells them which stations are currently available to them. I have driven EVs for more than a decade and know firsthand what it means to arrive at stations that are already use or broken. That doesn't happen on ChargePoint."
The ChargePoint mobile apps provide an easy way to access the world's largest EV charging network with features to locate stations near any specified address, get turn-by-turn directions, and even start and stop a charging session directly from a smart phone. Additionally, these apps allow drivers to utilize the ChargePoint Network's new reservation feature. Drivers can now locate reservable stations, and then make, view, and cancel a reservation timeslot directly from a smart phone.
ChargePoint app features include the ability to:
Find charging stations near you or near any specified address
Get turn-by-turn directions to charging stations
See the real-time availability of charging stations: Available or In Use
Start and Stop charging sessions directly from the ChargePoint app
Get directions from your current location to where your vehicle is charging
Get status on your current or most recent charging session: energy used, greenhouse gas savings, time
Receive real-time notifications of your current charging session
View station details including: charging station configuration (voltage/current/connector), price to charge, and total cost after completing a charging session
Search and filter for stations by: available, in use, paid, free
Reservations: Locate reservable stations, and then make, view, and cancel reservations directly from the ChargePoint app
View your ChargePass account info.
Ability to view your Home Charger and its status.
Jul 13, 2011
Audi A1 e-tron wins Silvretta Electric Car Rally
Audi is this year's overall winner of the second Silvretta Electric Car Rally in Austria's Montafon region. The 2011 victory of the A1 e-tron follows the R8 e-tron's win last year. The second Audi in the rally, a Q5 HFC with a fuel cell finished in sixth place. A total of 32 electric vehicles were evaluated.
After three days, 307 kilometers and a total altitude difference of 11,541 meters, the A1 e-tron bearing the number 206 was named the winner of the second Silvretta Electric Car Rally Montafon. The event took place from July 7-9 as part of the 14th Silvretta Classic. The name Silvretta refers to a group of mountains in the eastern Alps of Austria. The Audi A1 e-tron won against 31 competitors in a rally, that was held on highly taxing mountain roads with inclines up to 15 percent, presenting a special challenge to electric vehicles. The Audi Q5 HFC, which was also entered by Audi, achieved sixth place. This was the best final result of all cars with a fuel cell.
The A1 e-tron contains technology that Audi's development engineers are using to study the mobility requirements for such a future-oriented concept. The technological basis includes an electric motor with a maximum output of 75 kW that is powered by a lithium-ion battery. The battery features a 12 kWh capacity and can be completely charged in 30 minutes (quick charge), or in less than three hours (standard charge). It offers a range of 50 kilometers. To prevent drivers from being stranded by an empty battery, the A1 e-tron also comes equipped with a combustion engine, which can charge the battery as needed. The one-disc rotary engine (254 cc) is located under the trunk floor; it provides 15 kW of output intended solely to charge the battery, rather than to directly power the wheels.
The A1 e-tron is designed with a local emission-free electric drive system, which is ideally suited for driving in a city.
During the rally the A1 e-tron was driven by Franciscus van Meel, Head of Electromobility Strategy at AUDI AG. Long-time Audi employee Gerhard Gruber took on the important role of co-driver. "Sending an electric car into the Alps is one of the toughest challenges you can present it with. The fact that the A1 e-tron proved so impressive here is especially gratifying to me and it proves we're on the right track with our electric mobility approach of combining an electric motor with a combustion engine . Many thanks to our dedicated team for making our second overall victory in a row possible," said van Meel after crossing the finish line.
Van Meel then went on to describe the rally itself: "On the first day we drove cautiously and despite a distance of just over 100 kilometers we finished with a lot of electricity left in the battery. On the second day we were better prepared and we were able to win the day; on day three we came in second, and in the end that was enough to win the overall victory. The car ran flawlessly. We're now looking forward to the 2012 rally. We already have a few ideas about the kind of concepts we'll enter with, of course."
Feb 19, 2011
Toyota at the 2011 Geneva Motor Show Acceleration of Toyota's Full Hybrid Roll-out with Yaris HSD concept and Prius
Reinforcing its conviction that full hybrid technology is the key to sustainable mobility in the future, Toyota's 2011 Geneva Motor Show stand will be dedicated to the company's range of sophisticated Hybrid Synergy Drive® technologies. These include full Hybrid Vehicles (HV), Plug-in Hybrid Vehicles (PHV), Electric Vehicles (EV), and Fuel Cell Hybrid Vehicles (FCHV) on display.
Making its world debut at the 2011 Geneva Motor Show, the Yaris HSD concept anticipates Toyota's intention to bring full hybrid technology to the B segment, the biggest volume segment in Europe. This represents the next step in Toyota's full hybrid roll-out strategy in Europe. Incorporating several hybrid-specific styling cues, the Yaris HSD concept introduces a new, forward-looking design execution.
The Prius+, also debuting at the 2011 Geneva Motor Show, is a further expansion of the Prius family. The Prius+ is the first car to offer European customers the versatility of 7 seats combined with a full hybrid powertrain. As its name suggests, the Prius+ provides a significant increase in space and passenger accommodation, while sacrificing none of the traditional attributes found in the Prius DNA, such as the lowest fuel consumption of any 7-seat MPV on the market.
Making its world debut at the 2011 Geneva Motor Show, the Yaris HSD concept anticipates Toyota's intention to bring full hybrid technology to the B segment, the biggest volume segment in Europe. This represents the next step in Toyota's full hybrid roll-out strategy in Europe. Incorporating several hybrid-specific styling cues, the Yaris HSD concept introduces a new, forward-looking design execution.
The Prius+, also debuting at the 2011 Geneva Motor Show, is a further expansion of the Prius family. The Prius+ is the first car to offer European customers the versatility of 7 seats combined with a full hybrid powertrain. As its name suggests, the Prius+ provides a significant increase in space and passenger accommodation, while sacrificing none of the traditional attributes found in the Prius DNA, such as the lowest fuel consumption of any 7-seat MPV on the market.
Innovative Delphi Sound Generators Help Warn Pedestrians of Oncoming Hybrid and Electrical Vehicles
Delphi warning sound generators help vehicle manufacturers address pending legislative requirements for hybrid and electric vehicles.
Delphi secures EV sounder business with leading vehicle maker for 2012 European introduction.
PARIS - With two new vehicle sound generators, Delphi Automotive can help global vehicle manufacturers warn pedestrians of approaching hybrid and electric vehicles. Designed to comply with legislation expected to mandate minimal sound for both hybrid and electric vehicles, these environmentally friendly sounders are not only robust, but compact, light weight and low cost. The single-box solutions are lead-free, waterproof and temperature resistant.
"Industry analysts predict hybrid and electric vehicle warning sounds, already covered by guidelines in Japan, will be required in North America and Europe in the near future," said Beth Schwarting, general director, Electronic Controls product business unit at Delphi. "Our goal is to help customers address market-driven challenges with environmentally friendly and affordable technologies."
Making EVs safer for pedestrians
Using expertise gained from decades of vehicle alarm system experience, Delphi has developed two environmentally friendly sound generators – called sounders – that enable pedestrians to detect nearby hybrid and electric vehicles which, without the sound generator, are nearly silent.
Delphi's integrated sound generators are designed to enable pedestrians to detect near-silent hybrid and electric vehicles Download high resolution version of image.
The first, Delphi's electronic sounder system, is approximately three times lighter than a conventional multi-box system and uses 90 percent less power, making it the most environmentally friendly solution available. Its single-box configuration helps to reduce design, test and manufacturing cost, and its size and weight simplify packaging. The system provides a frequency range of 500Hz to 10 KHz and can reproduce melodies that represent the identity of individual vehicle manufacturers.
For applications requiring higher quality sound, Delphi has developed a high-fidelity sounder system that uses a cone speaker activated by a light-weight magnet and extends base range to 150Hz. The magnet-based system weighs 66 percent less than a conventional speaker system.
Both Delphi systems are robust enough to be mounted in the harsh environment under the vehicle's hood and incorporate a 32-bit microprocessor with flash memory, a link to the vehicle's data bus and an audio class-D amplifier.
"Delphi's sound generators are specifically designed to warn pedestrians of oncoming hybrid and electric vehicles moving at low speed," said Deidrich von Behr, managing director Electronic Controls Europe. "Not only do these "green" systems enhance safety by helping to make pedestrians aware of approaching vehicles, they become more valuable when integrated with other vehicle systems."
Increasing value through system integration
An expert system integrator, Delphi can increase the value of its sound generators by connecting them with other systems through the vehicle's data bus. Instead of implementing several alert systems, OEMs can benefit from one flexible system that offers multiple features. For instance, using unique sounds, the system can remind a driver that the battery needs to be charged, confirm that a charging sequence is in progress and notify the driver when the charge is complete.
"Every car has a personality, and we want our customers to be able to choose the system that best represents their brand," said Schwarting. "With these two systems and the value of integration, we believe we have developed flexible products that will meet our customers' specific needs."
Committed to the future
Delphi is committed to offering hybrid and electric vehicle manufacturers high-performance, high-value products. From high-voltage connection systems and an innovative contactless charging system to affordable power electronics, Delphi's innovative designs help increase performance, lower cost and resolve packaging challenges.
Delphi's first Vehicle Sound Generator will be introduced by a leading European OEM in mid 2012.
Delphi secures EV sounder business with leading vehicle maker for 2012 European introduction.
PARIS - With two new vehicle sound generators, Delphi Automotive can help global vehicle manufacturers warn pedestrians of approaching hybrid and electric vehicles. Designed to comply with legislation expected to mandate minimal sound for both hybrid and electric vehicles, these environmentally friendly sounders are not only robust, but compact, light weight and low cost. The single-box solutions are lead-free, waterproof and temperature resistant.
"Industry analysts predict hybrid and electric vehicle warning sounds, already covered by guidelines in Japan, will be required in North America and Europe in the near future," said Beth Schwarting, general director, Electronic Controls product business unit at Delphi. "Our goal is to help customers address market-driven challenges with environmentally friendly and affordable technologies."
Making EVs safer for pedestrians
Using expertise gained from decades of vehicle alarm system experience, Delphi has developed two environmentally friendly sound generators – called sounders – that enable pedestrians to detect nearby hybrid and electric vehicles which, without the sound generator, are nearly silent.
Delphi's integrated sound generators are designed to enable pedestrians to detect near-silent hybrid and electric vehicles Download high resolution version of image.
The first, Delphi's electronic sounder system, is approximately three times lighter than a conventional multi-box system and uses 90 percent less power, making it the most environmentally friendly solution available. Its single-box configuration helps to reduce design, test and manufacturing cost, and its size and weight simplify packaging. The system provides a frequency range of 500Hz to 10 KHz and can reproduce melodies that represent the identity of individual vehicle manufacturers.
For applications requiring higher quality sound, Delphi has developed a high-fidelity sounder system that uses a cone speaker activated by a light-weight magnet and extends base range to 150Hz. The magnet-based system weighs 66 percent less than a conventional speaker system.
Both Delphi systems are robust enough to be mounted in the harsh environment under the vehicle's hood and incorporate a 32-bit microprocessor with flash memory, a link to the vehicle's data bus and an audio class-D amplifier.
"Delphi's sound generators are specifically designed to warn pedestrians of oncoming hybrid and electric vehicles moving at low speed," said Deidrich von Behr, managing director Electronic Controls Europe. "Not only do these "green" systems enhance safety by helping to make pedestrians aware of approaching vehicles, they become more valuable when integrated with other vehicle systems."
Increasing value through system integration
An expert system integrator, Delphi can increase the value of its sound generators by connecting them with other systems through the vehicle's data bus. Instead of implementing several alert systems, OEMs can benefit from one flexible system that offers multiple features. For instance, using unique sounds, the system can remind a driver that the battery needs to be charged, confirm that a charging sequence is in progress and notify the driver when the charge is complete.
"Every car has a personality, and we want our customers to be able to choose the system that best represents their brand," said Schwarting. "With these two systems and the value of integration, we believe we have developed flexible products that will meet our customers' specific needs."
Committed to the future
Delphi is committed to offering hybrid and electric vehicle manufacturers high-performance, high-value products. From high-voltage connection systems and an innovative contactless charging system to affordable power electronics, Delphi's innovative designs help increase performance, lower cost and resolve packaging challenges.
Delphi's first Vehicle Sound Generator will be introduced by a leading European OEM in mid 2012.
Nov 28, 2010
Mitsubishi Motors Corporation Signs Cooperation Agreement to Promote Electric Vehicles with the Singapore Government
Mitsubishi Motors Corporation (MMC) and its distributor in Singapore Cycle & Carriage Automotive PTE Limited (CCA) today announced the signing of a Cooperation Agreement to collaborate on activities to popularize electric vehicles (EV) with the Singapore government.
The Economic Development Board (EDB) of Singapore, including Singapore's Energy Market Authority (EMA) and Land Transport Authority (LTA), as part of a multi government agency EV task force will set up an EV charging infrastructure network and evaluate the cost benefits of EVs for future adoption. Within these activities, MMC, via CCA, will supply 25 i-MiEVs from 2011 and cooperate in the taskforce's test bedding efforts.
Mr. Leo Yip, Chairman, Singapore Economic Development Board said, "We are delighted to welcome Mitsubishi Motors on board as the first major EV supplier for Singapore's EV test bed programme. This test bed programme is an excellent example of how Singapore presents itself as a Living Laboratory for auto-manufacturers, charging equipment suppliers and EV component players to explore R&D and capability development activities in Singapore. We see opportunities in areas such as battery management systems, power electronics and electric drive systems. Companies can leverage Singapore's electronics cluster and engineering talent to build new capabilities here."
Mr. Osamu Masuko, President of Mitsubishi Motors said, "MMC is proud to be the part of EV test-bed in Singapore. We believe that Singapore is an ideal market for EV. Working together with the Singapore government and Cycle & Carriage Automotive, we would like to evaluate the performance of i-MiEV under the condition in Singapore and also promote the appeal of EV toSingapore citizen."
MMC is currently selling the i-MiEV in Japan, Hong Kong, and Australia. In addition, MMC has engaged in initiatives to popularize EVs with various governments all over the world, including the governments of the Principality of Monaco, Iceland, Denmark, among others.
The Economic Development Board (EDB) of Singapore, including Singapore's Energy Market Authority (EMA) and Land Transport Authority (LTA), as part of a multi government agency EV task force will set up an EV charging infrastructure network and evaluate the cost benefits of EVs for future adoption. Within these activities, MMC, via CCA, will supply 25 i-MiEVs from 2011 and cooperate in the taskforce's test bedding efforts.
Mr. Leo Yip, Chairman, Singapore Economic Development Board said, "We are delighted to welcome Mitsubishi Motors on board as the first major EV supplier for Singapore's EV test bed programme. This test bed programme is an excellent example of how Singapore presents itself as a Living Laboratory for auto-manufacturers, charging equipment suppliers and EV component players to explore R&D and capability development activities in Singapore. We see opportunities in areas such as battery management systems, power electronics and electric drive systems. Companies can leverage Singapore's electronics cluster and engineering talent to build new capabilities here."
Mr. Osamu Masuko, President of Mitsubishi Motors said, "MMC is proud to be the part of EV test-bed in Singapore. We believe that Singapore is an ideal market for EV. Working together with the Singapore government and Cycle & Carriage Automotive, we would like to evaluate the performance of i-MiEV under the condition in Singapore and also promote the appeal of EV toSingapore citizen."
MMC is currently selling the i-MiEV in Japan, Hong Kong, and Australia. In addition, MMC has engaged in initiatives to popularize EVs with various governments all over the world, including the governments of the Principality of Monaco, Iceland, Denmark, among others.
GM Inaugurates Flexi-Engine Plant in Talegaon, India
General Motors today inaugurated its new flexi-engine facility in Talegaon, GM's first powertrain plant that enables petroleum and diesel engines to be manufactured simultaneously.
The state-of-the-art facility represents investment of $230 million. It has an initial annual production capacity of 160,000 engines and is designed to accommodate future expansion. The new engine plant will begin by producing engines for small passenger cars manufactured by GM in India.
"This marks the beginning of GM's next chapter in India." GM India President and Managing Director Karl Slym said. "The opening of our new facility will enable our company to become more competitive and keep up with the growing demand for our vehicles. GM India's sales have grown significantly since we began rolling out our mini-cars, the Chevrolet Spark and Beat, at our Talegaon plant about two years back."
Slym added, "We appreciate the support of the Maharashtra government and our employees across the country. Their backing has enabled us to build a world-class engine facility in record time of less than two years."
On Aug. 28, 2008, GM signed an agreement with the Government of Maharashtra for the construction of a new engine plant adjacent to its vehicle manufacturing facility. Construction started in December 2008, with pilot production commencing in March 2010. The engine plant complements GM's modern vehicle manufacturing facilities in Talegaon and Halol, Gujarat, as well as the GM Technical Centre – India in Bangalore, which is carrying out a range of engineering, design and R&D activities.
General Motors India has completed 14 years of operation. It offers a growing range of products under the Chevrolet brand, which was introduced in India in 2003 and has become one of the fastest-growing automotive nameplates in the country. In addition to the Spark and Beat, GM India also produces the Captiva, Optra, Cruze, Aveo, Aveo U-VA, and Tavera for sale nationwide.
GM is the fifth-largest automobile manufacturer in India. In the first 10 months of 2010, GM India sold a record 93,960 vehicles, which represents a 73 percent increase over the same period last year. It has 209 sales points and 205 service outlets in 178 cities across India, and has embarked upon an ambitious rural marketing initiative to further boost sales. In February 2010, GM and its Chinese partner SAIC opened a joint venture in India for cooperation in vehicle manufacturing and sales.
The state-of-the-art facility represents investment of $230 million. It has an initial annual production capacity of 160,000 engines and is designed to accommodate future expansion. The new engine plant will begin by producing engines for small passenger cars manufactured by GM in India.
"This marks the beginning of GM's next chapter in India." GM India President and Managing Director Karl Slym said. "The opening of our new facility will enable our company to become more competitive and keep up with the growing demand for our vehicles. GM India's sales have grown significantly since we began rolling out our mini-cars, the Chevrolet Spark and Beat, at our Talegaon plant about two years back."
Slym added, "We appreciate the support of the Maharashtra government and our employees across the country. Their backing has enabled us to build a world-class engine facility in record time of less than two years."
On Aug. 28, 2008, GM signed an agreement with the Government of Maharashtra for the construction of a new engine plant adjacent to its vehicle manufacturing facility. Construction started in December 2008, with pilot production commencing in March 2010. The engine plant complements GM's modern vehicle manufacturing facilities in Talegaon and Halol, Gujarat, as well as the GM Technical Centre – India in Bangalore, which is carrying out a range of engineering, design and R&D activities.
General Motors India has completed 14 years of operation. It offers a growing range of products under the Chevrolet brand, which was introduced in India in 2003 and has become one of the fastest-growing automotive nameplates in the country. In addition to the Spark and Beat, GM India also produces the Captiva, Optra, Cruze, Aveo, Aveo U-VA, and Tavera for sale nationwide.
GM is the fifth-largest automobile manufacturer in India. In the first 10 months of 2010, GM India sold a record 93,960 vehicles, which represents a 73 percent increase over the same period last year. It has 209 sales points and 205 service outlets in 178 cities across India, and has embarked upon an ambitious rural marketing initiative to further boost sales. In February 2010, GM and its Chinese partner SAIC opened a joint venture in India for cooperation in vehicle manufacturing and sales.
Nov 1, 2010
CANADA POST BECOMES FIRST CUSTOMER FOR AZURE DYNAMICS AND FORD OF CANADA'S TRANSIT CONNECT ELECTRIC VAN
Azure Dynamics Corporation (TSX: AZD)(OTC: AZDDF) ("Azure" or the "Company"), the fast growing hybrid electric and electric power train innovator for the commercial truck market, and Ford Motor Company of Canada, Limited, announced today that they will deliver one of the first Transit Connect Electric commercial vans to Canada Post under the LEAD customer program. Canada Post will receive one of the exclusive Ford Transit Connect Electric delivery vehicles by the end of this year and has committed to the purchase of nine more by end of 2011.
"Canada Post is the first Canadian company to sign on to this exclusive and innovative vehicle program aimed at providing environmental solutions to the commercial delivery market," said Scott Harrison, Azure Dynamics CEO. "The transformative technology of the Transit Connect Electric reduces gasoline fuel costs to zero, produces no tailpipe emissions and is virtually silent as it travels through urban and suburban delivery routes. The progressive attitude of companies like Canada Post will contribute to making an important environmental impact."
The new van's electric drive performance attributes are well suited to fleets like Canada Post that have duty cycles characterized by predictable routes with frequent stop and go driving and high idle time.
"As one of the largest communications and logistics companies in Canada, we're proud to be among the first to implement a fully electric delivery vehicle on our roads," says Doug Jones, Senior Vice President, Operations at Canada Post. "We expect that this new vehicle will bring us one step further along our path to reduce both our overall fuel emissions and our carbon footprint on the environment."
The Transit Connect Electric integrates Azure's Force Drive™ electric powertrain into Ford's dedicated global commercial van platform that received the 2010 North American Truck of the Year award. Its unique combination of car-like driving dynamics, cargo capacity, maneuverability, accessibility and low operating costs are characteristics that make the Transit Connect an ideal choice for electrification.
"At Ford, we are dedicated to delivering quality, safe and fuel efficient vehicles to Canadian businesses – and the Ford Transit Connect delivers on all fronts," said David Mondragon, president and CEO, Ford of Canada. "The Ford Transit Connect Electric represents a win-win for both the environment and for Canada Post – it allows them to operate a more environmentally-friendly vehicle while helping to reduce their CO2 emissions as well as their need for gasoline."
The Ford Transit Connect Electric utilizes an advanced lithium-ion battery from Johnson Controls-Saft to achieve a range of up to 130 km (80 miles) on a single charge and is rechargeable using either a 240-volt or standard 120-volt outlet. Commercial vans generally return to a central location at the end of each driving cycle making for easy overnight recharging.
"Canada Post is the first Canadian company to sign on to this exclusive and innovative vehicle program aimed at providing environmental solutions to the commercial delivery market," said Scott Harrison, Azure Dynamics CEO. "The transformative technology of the Transit Connect Electric reduces gasoline fuel costs to zero, produces no tailpipe emissions and is virtually silent as it travels through urban and suburban delivery routes. The progressive attitude of companies like Canada Post will contribute to making an important environmental impact."
The new van's electric drive performance attributes are well suited to fleets like Canada Post that have duty cycles characterized by predictable routes with frequent stop and go driving and high idle time.
"As one of the largest communications and logistics companies in Canada, we're proud to be among the first to implement a fully electric delivery vehicle on our roads," says Doug Jones, Senior Vice President, Operations at Canada Post. "We expect that this new vehicle will bring us one step further along our path to reduce both our overall fuel emissions and our carbon footprint on the environment."
The Transit Connect Electric integrates Azure's Force Drive™ electric powertrain into Ford's dedicated global commercial van platform that received the 2010 North American Truck of the Year award. Its unique combination of car-like driving dynamics, cargo capacity, maneuverability, accessibility and low operating costs are characteristics that make the Transit Connect an ideal choice for electrification.
"At Ford, we are dedicated to delivering quality, safe and fuel efficient vehicles to Canadian businesses – and the Ford Transit Connect delivers on all fronts," said David Mondragon, president and CEO, Ford of Canada. "The Ford Transit Connect Electric represents a win-win for both the environment and for Canada Post – it allows them to operate a more environmentally-friendly vehicle while helping to reduce their CO2 emissions as well as their need for gasoline."
The Ford Transit Connect Electric utilizes an advanced lithium-ion battery from Johnson Controls-Saft to achieve a range of up to 130 km (80 miles) on a single charge and is rechargeable using either a 240-volt or standard 120-volt outlet. Commercial vans generally return to a central location at the end of each driving cycle making for easy overnight recharging.
Oct 29, 2010
Kia introduces new Soul Flex at Brazilian Motor Show
(SEOUL) October 27, 2010 – Kia Motors is celebrating the world premiere of its new fuel efficient, ethanol-gasoline powered Soul Flex today (Wednesday), at the 26th Salao Internacional do Automovel, in S?o Paulo, Brazil.
Kia's Soul Flex is the first Korean FFV (Flexible Fuel Vehicle) which can run on an ethanol-gasoline mixture, 100% ethanol or 100% gasoline. It is especially designed for the Brazilian market, where 'flex' models account for more than 85% of the new car sales.
Currently, Brazil is ranked No2 in the world, in terms of ethanol production, and consequently its motorists enjoy the low cost of ethanol, which is priced at 40% less than gasoline. As well as lower fuel costs, the industrial product tax (purchase tax) on new flex vehicles is only 11%, 2% lower than gasoline models.
The newly-introduced Soul Flex, with its unique exterior design features, boasts a 44% improvement in fuel efficiency compared with the existing gasoline model and superior power (128 ps) and torque (16.5 kg-m) outputs, which are improved by 3.2% and 3.7% respectively from the original model (Table-1).
Differences from the gasoline model include the newly adapted fuel injection & catalyst system as well as engine compression ratio – changes which combine to achieve enhanced fuel economy.
Changes made to accommodate the more abrasive nature of ethanol fuel include reinforcing the fuel pump, pillar cap and fuel line, and fitting a gasoline tank assistance system in order to aid engine ignition at low temperatures.
Kia Motors will begin exporting Soul Flex to Brazil this month, with the new models going on sale at Kia dealerships early next year. Kia is planning to introduce an all-new Sportage 'Flex' model at the end of next year, and Kia will further strengthen its presence in Brazilian market as new flex models are to be introduced in each market segment.
So far in 2010, Brazil has been one of Kia's best performing markets, with sales increasing by 151% year-on-year, reaching 40,865 units up to the end of September.
To strengthen its current sales momentum, Kia plans to take advantage of its involvement with 2014 Brazil FIFA World Cup from the early stages, as a major sponsor of the world's biggest sporting event.
Maximizing the impact of this sponsorship and the introduction of new models, such as Flex models and new SUVs tailored to suit local consumer demands, Kia plans to expand its sales volume in Brazil as well as Central & South American market.
Kia's Soul Flex is the first Korean FFV (Flexible Fuel Vehicle) which can run on an ethanol-gasoline mixture, 100% ethanol or 100% gasoline. It is especially designed for the Brazilian market, where 'flex' models account for more than 85% of the new car sales.
Currently, Brazil is ranked No2 in the world, in terms of ethanol production, and consequently its motorists enjoy the low cost of ethanol, which is priced at 40% less than gasoline. As well as lower fuel costs, the industrial product tax (purchase tax) on new flex vehicles is only 11%, 2% lower than gasoline models.
The newly-introduced Soul Flex, with its unique exterior design features, boasts a 44% improvement in fuel efficiency compared with the existing gasoline model and superior power (128 ps) and torque (16.5 kg-m) outputs, which are improved by 3.2% and 3.7% respectively from the original model (Table-1).
Differences from the gasoline model include the newly adapted fuel injection & catalyst system as well as engine compression ratio – changes which combine to achieve enhanced fuel economy.
Changes made to accommodate the more abrasive nature of ethanol fuel include reinforcing the fuel pump, pillar cap and fuel line, and fitting a gasoline tank assistance system in order to aid engine ignition at low temperatures.
Kia Motors will begin exporting Soul Flex to Brazil this month, with the new models going on sale at Kia dealerships early next year. Kia is planning to introduce an all-new Sportage 'Flex' model at the end of next year, and Kia will further strengthen its presence in Brazilian market as new flex models are to be introduced in each market segment.
So far in 2010, Brazil has been one of Kia's best performing markets, with sales increasing by 151% year-on-year, reaching 40,865 units up to the end of September.
To strengthen its current sales momentum, Kia plans to take advantage of its involvement with 2014 Brazil FIFA World Cup from the early stages, as a major sponsor of the world's biggest sporting event.
Maximizing the impact of this sponsorship and the introduction of new models, such as Flex models and new SUVs tailored to suit local consumer demands, Kia plans to expand its sales volume in Brazil as well as Central & South American market.
FORD TO INVEST ADDITIONAL $850 MILLION IN MICHIGAN TO ENGINEER, BUILD FUEL-EFFICIENT NEW VEHICLES
Workers at Ford's Van Dyke Transmission Plant in Sterling Heights, Mich., assemble fuel-efficient four- and six-speed transmissions for several vehicles in Ford's product lineup. The plant will expand its operations in the next few years as part of Ford's $850 million investment in the state.
* Ford will invest an incremental $850 million in Michigan between 2011 and 2013 as part of its competitive plan to engineer and manufacture even more fuel-efficient vehicles and fuel-saving technologies in the state
* Among other projects, Ford will expand manufacturing capabilities for new, fuel-efficient six-speed transmissions. New investments support up to 1,200 new full-time manufacturing and engineering positions in Michigan
* To help enable this investment plan, Ford has worked with the State of Michigan on job retention tax incentives that contribute to the state's overall manufacturing competitiveness
DETROIT, Oct. 25, 2010 – Ford Motor Company today announced plans to invest an additional $850 million in Michigan between 2011 and 2013 as part of the company's commitment to competitively grow its engineering and manufacturing employee base, upgrade its facilities in the state and further improve its vehicle fuel economy.
"Fuel economy and technology are consumers' biggest priorities – and we have made them Ford's as well," said Mark Fields, Ford's president of The Americas. "We are pleased to work with state and local government leaders to find new ways to work together, invest in our people as well as Ford facilities, further improve our competitiveness and secure jobs in Michigan."
Ford's investment will generate up to 1,200 new full-time positions in manufacturing and engineering operations in Michigan by 2013. The company expects approximately 900 jobs will be hourly positions in its Michigan manufacturing facilities and the remaining 300 will be salaried positions within its engineering and manufacturing operations.
Ford is making the Michigan investment commitment after working with officials on a new Michigan Economic Growth Authority (MEGA) package that replaces several existing state incentives and makes Michigan a more competitive place to invest in new fuel-saving technologies and facilities. The Michigan Economic Development Council considers the package this week.
Once approved, Ford will allocate its $850 million investment across a variety of plants including Van Dyke Transmission, Sterling Axle, Livonia Transmission and Dearborn Truck Plant.
For instance, a significant portion of the company's additional investment will benefit engineering and production of Ford's new six-speed transmissions, which are planned for many future Ford vehicles and built at the Livonia Transmission Plant and Van Dyke Transmission Plant. By 2013, 100 percent of Ford vehicles will incorporate a six-speed transmission as part of the company's commitment to leadership in fuel economy performance in all vehicle segments.
"We applaud the State of Michigan's leadership in finding innovative solutions aimed at making both the state and Ford more competitive," Fields said. "Promoting investments in technologies, facilities and our workforce ultimately will help revitalize manufacturing in Michigan and help Ford compete with the best in the business world-wide."
This most recent investment commitment builds on the $950 million the company previously announced in Michigan to transform the Michigan Assembly Plant from a large SUV factory to a state-of-the-art car plant, which will build the new Focus arriving in showrooms early next year, as well as the company's battery electric Focus and next generation hybrid and plug-in hybrid vehicles, all planned for production at the Wayne, Mich., facility by 2012.
"We've worked hard to keep Michigan the center of the automobile industry, and Ford's investment is further evidence that our efforts are succeeding," said Governor Jennifer M. Granholm. "We look forward to continuing our partnership with Ford as the American auto industry builds the green vehicles of the future."
* Ford will invest an incremental $850 million in Michigan between 2011 and 2013 as part of its competitive plan to engineer and manufacture even more fuel-efficient vehicles and fuel-saving technologies in the state
* Among other projects, Ford will expand manufacturing capabilities for new, fuel-efficient six-speed transmissions. New investments support up to 1,200 new full-time manufacturing and engineering positions in Michigan
* To help enable this investment plan, Ford has worked with the State of Michigan on job retention tax incentives that contribute to the state's overall manufacturing competitiveness
DETROIT, Oct. 25, 2010 – Ford Motor Company today announced plans to invest an additional $850 million in Michigan between 2011 and 2013 as part of the company's commitment to competitively grow its engineering and manufacturing employee base, upgrade its facilities in the state and further improve its vehicle fuel economy.
"Fuel economy and technology are consumers' biggest priorities – and we have made them Ford's as well," said Mark Fields, Ford's president of The Americas. "We are pleased to work with state and local government leaders to find new ways to work together, invest in our people as well as Ford facilities, further improve our competitiveness and secure jobs in Michigan."
Ford's investment will generate up to 1,200 new full-time positions in manufacturing and engineering operations in Michigan by 2013. The company expects approximately 900 jobs will be hourly positions in its Michigan manufacturing facilities and the remaining 300 will be salaried positions within its engineering and manufacturing operations.
Ford is making the Michigan investment commitment after working with officials on a new Michigan Economic Growth Authority (MEGA) package that replaces several existing state incentives and makes Michigan a more competitive place to invest in new fuel-saving technologies and facilities. The Michigan Economic Development Council considers the package this week.
Once approved, Ford will allocate its $850 million investment across a variety of plants including Van Dyke Transmission, Sterling Axle, Livonia Transmission and Dearborn Truck Plant.
For instance, a significant portion of the company's additional investment will benefit engineering and production of Ford's new six-speed transmissions, which are planned for many future Ford vehicles and built at the Livonia Transmission Plant and Van Dyke Transmission Plant. By 2013, 100 percent of Ford vehicles will incorporate a six-speed transmission as part of the company's commitment to leadership in fuel economy performance in all vehicle segments.
"We applaud the State of Michigan's leadership in finding innovative solutions aimed at making both the state and Ford more competitive," Fields said. "Promoting investments in technologies, facilities and our workforce ultimately will help revitalize manufacturing in Michigan and help Ford compete with the best in the business world-wide."
This most recent investment commitment builds on the $950 million the company previously announced in Michigan to transform the Michigan Assembly Plant from a large SUV factory to a state-of-the-art car plant, which will build the new Focus arriving in showrooms early next year, as well as the company's battery electric Focus and next generation hybrid and plug-in hybrid vehicles, all planned for production at the Wayne, Mich., facility by 2012.
"We've worked hard to keep Michigan the center of the automobile industry, and Ford's investment is further evidence that our efforts are succeeding," said Governor Jennifer M. Granholm. "We look forward to continuing our partnership with Ford as the American auto industry builds the green vehicles of the future."
Jun 3, 2010
Ford Motor Company is partnering with Coulomb Technologies to provide free in-home ChargePoint
Ford Motor Company will partner with Coulomb Technologies to provide nearly 5,000 free in-home charging stations for some of the automaker's first electric vehicle customers.
Under the Ford Blue Oval ChargePoint Program, residents in nine designated markets could receive a free ChargePoint® Networked Charging Station with the purchase of a Ford Transit Connect Electric vehicle. The nine markets designated by Coulomb Technologies include Austin, Detroit, Los Angeles, New York, Orlando, Sacramento, the San Jose/San Francisco Bay Area, Redmond, Wash., and Washington D.C. The installation of ChargePoint charging stations will begin immediately.
The Ford Blue Oval ChargePoint Program is part of Coulomb Technologies' $37 million ChargePoint America charging station infrastructure project made possible by a $15 million grant funded by the American Recovery and Reinvestment Act through the Transportation Electrification Initiative administered by the Department of Energy.
"Both the ChargePoint America and Ford Blue Oval ChargePoint Programs help build the necessary infrastructure to make the electric vehicle a more viable option for American consumers," said Sue Cischke, global vice president, Sustainability, Environment and Safety Engineering, Ford Motor Company. "Ford's electrification strategy focuses on providing real world value to customers with a range of driving behaviors and conditions. These programs and charging stations help us deliver an added value to our future electric vehicle owners."
Ford plans to introduce five new electrified vehicles in North America by 2012, providing a range of products to meet a variety of customer needs. These include:
A Transit Connect Electric small commercial van debuting later this year
A Ford Focus Electric passenger car debuting in 2011
Two next-generation lithium-ion battery hybrid-electric vehicles and a plug-in hybrid by 2012.
ChargePoint America will offer home and public charging stations to individuals and businesses. Businesses interested in applying for free public charging stations or consumers exploring an electric vehicle purchase can visit www.chargepointamerica.com for more information.
"ChargePoint America builds upon our established and growing network of charging stations and will in turn encourage consumers to buy electric vehicles," said Richard Lowenthal, CEO of Coulomb Technologies. "Our Department of Energy grant was funded by the American Recovery and Reinvestment Act, also known as the stimulus bill, to provide jobs for Americans. Our products are built and installed with American labor. Every time we ship a ChargePoint charging station, three Americans go to work for a day."
Coulomb's ChargePoint® Network, is open to all plug-in electric vehicle drivers and provides authentication, management and real-time control for the networked electric vehicle charging stations. The network of electric vehicle charging stations is accessible to all plug-in drivers by making a toll-free call to the 24/7 number on each charging station, or signing up for a ChargePoint Network monthly access plan and obtaining a ChargePass™ smart card. Other future payment options include using any smart (RFID) credit/debit card to authorize a session or using a standard credit or debit card at a remote payment station (RPS) to pay for charging sessions. To locate available charging stations, visit mychargepoint.net and click "Find Stations."
Under the Ford Blue Oval ChargePoint Program, residents in nine designated markets could receive a free ChargePoint® Networked Charging Station with the purchase of a Ford Transit Connect Electric vehicle. The nine markets designated by Coulomb Technologies include Austin, Detroit, Los Angeles, New York, Orlando, Sacramento, the San Jose/San Francisco Bay Area, Redmond, Wash., and Washington D.C. The installation of ChargePoint charging stations will begin immediately.
The Ford Blue Oval ChargePoint Program is part of Coulomb Technologies' $37 million ChargePoint America charging station infrastructure project made possible by a $15 million grant funded by the American Recovery and Reinvestment Act through the Transportation Electrification Initiative administered by the Department of Energy.
"Both the ChargePoint America and Ford Blue Oval ChargePoint Programs help build the necessary infrastructure to make the electric vehicle a more viable option for American consumers," said Sue Cischke, global vice president, Sustainability, Environment and Safety Engineering, Ford Motor Company. "Ford's electrification strategy focuses on providing real world value to customers with a range of driving behaviors and conditions. These programs and charging stations help us deliver an added value to our future electric vehicle owners."
Ford plans to introduce five new electrified vehicles in North America by 2012, providing a range of products to meet a variety of customer needs. These include:
A Transit Connect Electric small commercial van debuting later this year
A Ford Focus Electric passenger car debuting in 2011
Two next-generation lithium-ion battery hybrid-electric vehicles and a plug-in hybrid by 2012.
ChargePoint America will offer home and public charging stations to individuals and businesses. Businesses interested in applying for free public charging stations or consumers exploring an electric vehicle purchase can visit www.chargepointamerica.com for more information.
"ChargePoint America builds upon our established and growing network of charging stations and will in turn encourage consumers to buy electric vehicles," said Richard Lowenthal, CEO of Coulomb Technologies. "Our Department of Energy grant was funded by the American Recovery and Reinvestment Act, also known as the stimulus bill, to provide jobs for Americans. Our products are built and installed with American labor. Every time we ship a ChargePoint charging station, three Americans go to work for a day."
Coulomb's ChargePoint® Network, is open to all plug-in electric vehicle drivers and provides authentication, management and real-time control for the networked electric vehicle charging stations. The network of electric vehicle charging stations is accessible to all plug-in drivers by making a toll-free call to the 24/7 number on each charging station, or signing up for a ChargePoint Network monthly access plan and obtaining a ChargePass™ smart card. Other future payment options include using any smart (RFID) credit/debit card to authorize a session or using a standard credit or debit card at a remote payment station (RPS) to pay for charging sessions. To locate available charging stations, visit mychargepoint.net and click "Find Stations."
May 15, 2010
Fiscal Year 2009 Financial Results Press conference Carlos Ghosn, President and CEO, Nissan Motor Co., Ltd. Toshiyuki Shiga, Chief Operating Officer
Carlos Ghosn:
Fiscal year 2009 was an extremely challenging year. At no other time in history has the global automotive industry faced such threatening impacts from the financial crisis, widespread economic recession, a distressed supply base and volatile foreign exchange rates. Within Nissan, we have kept our focus on recovery, guided by our recovery plan. Though we are still operating in crisis mode, we are well on track toward complete recovery. At the close of fiscal year 2009, our consolidated net revenues reached 7.517 trillion yen. Full-year operating profits reached 311.6 billion yen, and net income amounted to 42.4 billion yen. Free cash flow for our auto business resulted in a positive 375.5 billion yen. As a result, net debt for the auto business was reduced to 29.7 billion yen, showing a significant improvement compared to last year's level of 387.9 billion yen. Our core business benefited from the launch of eight all-new models globally, and customers responded positively to our product offer. Consequently, Nissan maintained or increased its market share in Japan, Europe and the United States, and our sales in China increased substantially. As we managed through the financial crisis and recession, Nissan did not compromise its strategic priorities. We did not slow our investments to contribute to a zero-emission society. When the Nissan LEAF goes on sale this year - as the first of the eight all-electric models to launch - the Renault-Nissan Alliance will be the first to mass-market affordable zero-emission vehicles, backed by battery capacity of 500,000 units. No other automaker will be producing electric batteries or cars at such a scale. And customers are ready. To date, 130,000 consumers in the U.S. have registered their interest in buying a Nissan LEAF. With sales starting this December, 13,000 pre-orders have been submitted in just over one month in the U.S. and Japan, largely driven by individual customer demand. This amount already surpasses our available production capacity for fiscal year 2010. Another focus of investments has been our emphasis on very affordable transportation. Entry segments today account for more than 25% of the global TIV of 64 million units, and the segment is growing. We will offer maximum value at affordable prices, beginning with a lineup of global compact cars based on Nissan's new V-platform, which will represent 1 million unit sales at full launch. Importantly, these compact cars' new engines will make eco-friendliness accessible to everyone as they set a new standard for fuel efficiency worldwide. Nissan is moving forward with many actions in emerging markets:
• In China, we will be able to produce more than 1 million cars a year in 2012, based on two shifts at our Huadu, Xiangfang and Zhengzhou plants, and we will expand our capacity further in line with market growth. Our intention is to grow our market share from 6% today to 10% as soon as possible.
• Our Alliance plant in Chennai, India, has started production with a 200,000-unit capacity and plans to increase to 400,000 units at full ramp-up in order to supply the Indian market and to export to more than 100 countries in Europe, Africa and the Middle East. We are also partnering with Ashok Leyland to start LCV production and with Bajaj for an Alliance ultra-low-cost car.
• In Brazil, where TIV grew by 16% this year, our market share stood at less than 1%. Through our growing product portfolio and network coverage, we plan to achieve 5% share in the midterm, contributing to the Alliance share objective of more than 10%.
• In Russia, we will introduce the Murano in early 2011 in our new St. Petersburg factory, in addition to the X-TRAIL and Teana. Nissan's market share stands at 4% today. Using Renault and Avtovaz platforms and production sites and optimizing our capacity, the Renault, Nissan and Avtovaz market share will increase from one-third to 40% as the Russian market recovers.
• In the Middle East, we are on the offensive in GCC with a revitalized network of national sales companies and distributors and the introduction of our large SUV flagship, the all-new Nissan Patrol.
• We are also positioning ourselves for the next wave of emerging countries, such as Indonesia.
Going forward, we believe 2010 will be another difficult year. Global economic conditions are improving, but they are not yet robust. Consumer spending still reflects a shaky confidence in most Western markets as well as in Japan. Commodity prices will be rising with economic recovery. We know the worst of the crisis is behind us, and our plan of action is to emerge from the crisis completely in this fiscal year and start a new mid-term plan in fiscal year 2011. Nissan is heading in the right direction, and we are eager to move forward with clear priorities.
Toshiyuki Shiga:
I will begin the summary of our performance during the past year with a review of global sales. The global TIV was 64.1 million units, an increase from the 61.6 million units sold in fiscal year 2008, mainly due to increases coming from government-led stimulus programs around the world and the increased demand in emerging markets, especially in China. Nissan's global sales amounted to 3.515 million units, a 3% increase year-on-year. Our sales evolution was in line with the TIV change in volatile market conditions, and our overall market share was 5.5%. In the fourth quarter alone, global sales totaled 1,010,000 units, up 29.7% from the same period in fiscal 2008. As in the third quarter, the increase was primarily due to the strong growth in China and the recovery in most of the mature markets. We launched eight new models globally, including the PIXO in Europe; Patrol in the Middle East; NV200 Vanette, Fuga and Roox in Japan; Infiniti G Convertible and 370Z Roadster in the United States; and the new March in Thailand, the first in our global compact car series. Let me give the sales breakdown by region. In Japan, supported by the eco-car tax reductions and incentives offered by the government, the TIV increased 3.8% year-on-year. Our sales reached 630,000 units, 2.9% above the previous year. Nissan's market share remained stable at 12.9%. The NECO series of fuel-efficient models contributed to our sales. Serena was the number-one minivan for the second year in a row, and X-TRAIL ranked first in the SUV segment for the third consecutive year. In the United States, the TIV dropped 9.3% to 10.8 million units. We sold 824,000 units, down 3.8%, while our market share increased four-tenths of a percentage point, to 7.6%. In the fourth quarter alone, sales in the U.S. increased 30.6%, resulting in a record market share of 9%, with strong contributions from the sales of Versa and Altima. In Europe, where the TIV decreased 6.4%, we sold 517,000 units, down 2.4% from the prior year, but our market share increased slightly to 2.8%. Government scrap incentives contributed to our sales increase of 24.5% in Western Europe, but the sales gain was offset by the 60.6% decline in sales in Russia. The light commercial vehicle segment in Europe is still in a very tough position, but we were pleased that our NV200 small van was named the "International Van of the Year 2010." In China, our sales grew 38.7% to 756,000 units. Our market share was 6%, down four-tenths of a percentage point from the prior year because our supply could not meet the strong market demand. In the fourth quarter of fiscal year 2009, sales in China increased 48.1% to 214,000 units, thanks to the strong offensive coming from Sylphy, Teana and Livina. Sales in the first quarter of fiscal year 2010 showed continuous growth, increasing 68.2% to 243,200 units. In other markets, sales in Thailand increased 24.2% to 34,600 units, and the March was named the "Most Environmentally Friendly Car of the Year." In the Middle East, sales dropped 19.7% to 179,100 units. In Australia, sales decreased 1.2% to 55,600 units.
FY09 financial performance Recovery plan actions taken to preserve cash and recover profits contributed to our financial performance in fiscal year 2009. Consolidated net revenues decreased 10.9%, to 7.517 trillion yen, which reflects the stronger yen offsetting the increase in sales volume. Consolidated operating profit totaled 311.6 billion yen, compared to a negative 137.9 billion yen in fiscal 2008. Net income reached 42.4 billion yen, compared to a negative 233.7 billion yen in fiscal 2008. Explaining the operating profit variance analysis:
• The 162.5 billion yen negative impact from foreign exchange came from the appreciation of the yen against all currencies. By currency, the majority of this variance was due to the impact of the U.S. dollar at 86 billion yen, the Russian ruble at 28 billion yen, and the Canadian dollar at 14 billion yen.
• The net impact from purchasing cost reduction was a positive 215.4 billion yen. This amount included a positive impact from the decrease in raw material and energy costs by 81 billion yen. Even though the current market price on raw materials is rapidly increasing, the impact on our results was positive in fiscal year 2009.
• Volume and mix produced a positive impact of 26.9 billion yen as a result of the increase in global sales volume. The fourth quarter of fiscal 2009 was positive by 153.1 billion yen due to the volume recovery in most countries.
• The reduction in Marketing and Sales expense was a positive 27.1 billion yen due mainly to savings in fixed expenses, such as advertising. Incentive spending was increased in Europe due to its tough market conditions.
• The provisions for the residual risk on leased vehicles in North America resulted in a positive variance of 141.7 billion yen, including gains on disposal because of improved used-car prices in our lease portfolio.
• R&D costs decreased 64.5 billion yen.
• Sales financing contributed a positive 50.1 billion yen. This was due mainly to better borrowing costs across the globe and lower loss provisions compared to fiscal year 2008.
• The remaining variance was a positive 86.3 billion yen, due mainly to savings in fixed expenses for all areas, including manufacturing costs and G&A expenses, as well as the profit recovery from affiliate companies, such as Jatco.
For the fourth quarter, global production volume totaled 951,000 units. Our flexible production network responded quickly to adjust production volumes in line with demand. Due to careful inventory management, our inventory of new vehicles remains at a low level, at 470,000 units at the end of fiscal year 2009. We continue to manage inventory carefully to limit its impact on our free cash flow.
FY10 outlook Let's move to our outlook for fiscal year 2010. With a TIV assumption of 66 million units, we expect our global sales to reach 3.8 million units, an increase of 8%, and a record level for Nissan. Our market share will stand at 5.8%. Our global production volume is forecast to be 3.75 million units. We will launch 10 new models globally, with more than 10 regional product launches. Our plan includes the launches of:
• Juke, Elgrand, a new minivan and a new minicar in Japan;
• Infiniti QX in the United States, followed by GCC and Russia;
• the NV series of commercial vans and a convertible crossover in the United States, along with the new Quest minivan for both the U.S. and Canadian markets;
• the Nissan LEAF zero-emission car in the United States and Japan, followed by Europe; and
• the second car in our global compact car series: an affordable sedan.
In fiscal year 2010, we will introduce more than 15 new technologies. "Zero emission" and "PURE DRIVE" are the two key pillars of our environment technology. Our zero-emission technologies will be highlighted by the launch of our EV, Nissan LEAF. In addition to EV, for our internal combustion engine vehicles, we will push hard on a range of low-carbon and low-emission technologies called "PURE DRIVE." These advances include Nissan's original hybrid and clean diesels in association with Renault, which will provide greater fuel efficiency. In addition, we are placing low-emission technologies in an increasing number of our new vehicles. For example, we'll apply idle stop to a wider range of models, starting with compact cars. With so many innovative technologies and products to come, 2010 will be a year to reinforce the image of "Nissan of Technology" in our customers' minds.
Each new year brings risks and opportunities. In fiscal 2010, risks include the continuing strong yen, increasing raw material costs, ongoing uncertainty in world markets, and instability and volatility within the euro-zone. Opportunities include a better-than-expected foreign exchange rate, sales increase in emerging markets, acceleration of Alliance synergies with Renault and further strategic cooperation with Daimler. In light of these factors, we have filed our forecast with the Tokyo Stock Exchange, using a foreign exchange rate assumption for the year of 90 yen to the dollar and 120 yen to the euro. For fiscal year 2010, we forecast the following:
• Net revenue is forecast to be 8.2 trillion yen.
• Operating profit is expected to be 350 billion yen.
• Net income is forecast to be 150 billion yen.
• Capital expenditures are expected to reach 360 billion yen.
• R&D expenses will amount to 430 billion yen.
• Free cash flow will be positive.
• Net auto debt will be eliminated at the end of fiscal year 2010.
Operating profit analysis As I said earlier, we expect the environment in the fiscal year 2010 to continue to be very tough. Even so, our operating profit forecast is expected to be better than last year's performance by 38.4 billion yen - from 311.6 billion yen to 350 billion yen - due to several factors:
• The impact from foreign exchange is a negative 30 billion yen, with the U.S. dollar accounting for the majority of this variance.
• The provisions for the residual risk on leased vehicles in North America result in a negative variance of 40 billion yen, due mainly to the gains on disposal in the last fiscal year because of improved used-car prices in our lease portfolio.
• The net impact from purchasing cost reduction is a positive 60 billion yen. This amount includes a negative impact from the significant increase in raw material and energy costs.
• Volume and mix will produce a positive impact of 270 billion yen as a result of the growth in global sales volume.
• The increase of Marketing and Sales expenses is a negative 140 billion yen due to the normalization of fixed expenses, such as advertising, and the rise in incentives as our volume increases.
• R&D costs are expected to increase by 45 billion yen.
• Others are negative 36.6 billion yen, due mainly to an increase in manufacturing costs and a partial normalization of labor costs to a pre-crisis level.
Direction on recovery Ending fiscal year 2009 with better-than-expected results is good, but market conditions are still volatile. Nissan employees continue to be fully engaged in our company's recovery plan. Our efforts are focused around three core pillars - namely, revenue growth, tight cost management and free cash flow generation. Let me describe each one. First is revenue growth. Though some of our volume will always be linked to external factors, such as shifts in TIV, increases in sales volume are also the result of our own internal efforts. In each major market, we have concrete actions to increase market share, leveraging the planned launches of our 10 new models. For example:
• In the United States, dealer network enhancement activities are supporting performance improvement.
• In China, we intend to secure adequate supply to keep pace with the speed of market growth.
• In Europe, we established a Share Improvement Program that includes detailed steps, such as identifying opportunities through internal benchmarking, setting action plans, allocating resources and reviewing progress on a monthly basis. The improved performance that began in the middle of 2009 is continuing.
On an ongoing basis, we monitor our global car-flow situation closely every month, and we look for ways to optimize opportunities. In addition to vehicle sales, we continue to pursue the growth of associated business, such as after-sales, sales financing and OEM business. In fiscal year 2010, teams will be working on enhancing our conversion and accessory business as well as service business... expanding sales financing activities regionally... and developing business deals around vehicles, powertrains and technologies, including IP licensing of Nissan's technical strengths. Second is tight cost management. Cost reduction within the monozukuri team will continue to be the main pillar of our 2010 recovery plan. Our monozukuri functions - Engineering, Purchasing, Manufacturing and Supply Chain Management - will continue to focus on our action plans linked to technical cost reduction, parts diversity and complexity reduction, and change of material usage. For cost reduction and to neutralize foreign exchange volatility, we will continue resourcing vehicles, parts and powertrains and the localization of parts. In addition to monozukuri cost reduction, we will continue our frugal policy in expenses, such as marketing, manufacturing, R&D, overtime, travel and G&A. We will eliminate some unsustainable measures put in place during the crisis, but we will adopt the new mindset related to all expenses, based on our new standards. In other words, some of the measures put in place throughout our company will become the new normal. The third pillar of our plan is free cash flow generation. In fiscal year 2009, we achieved our positive free cash flow objective, driven largely by cash generation from profit and strictly managed working capital, which includes inventory, accounts payable and receivable. In fiscal year 2010, due to the expected increase in sales and additional sourcing from India and Thailand, working capital will have a negative effect on free cash flow. However, we will minimize this impact through continued strict inventory management, such as ongoing complexity reduction. We will also continue to control all major components of free cash flow other than working capital, such as investing activities. By achieving the three core pillars - revenue growth, disciplined cost management and free cash flow generation - Nissan will be able to complete its recovery this year.
Carlos Ghosn:
The strategic actions we have described today not only reflect our long-term vision of Nissan as a global company that creates sustainable value, but they also show our commitment to maximizing total shareholder return. Based on the current state of our business and weighing the risks and opportunities for this year, we are planning to reinstate dividend payments for fiscal year 2010 at 10 yen for the full year: 5 yen for the interim dividend and 5 yen for the year-end dividend. We will elaborate on future dividend policies when we announce our midterm plan. At the foundation of Nissan's strategy lies the Renault-Nissan Alliance, which is now in its 11th year. The Alliance is a constant lever for creating value and improving performance. Supported by the dedicated team within Renault Nissan BV, compared to our objective of 180 billion yen, we achieved 228 billion yen worth of synergies for the Alliance in 2009, contributing to the free cash flow of both companies for their respective fiscal years. Nissan alone achieved 116 billion yen worth of synergies, primarily through pure cost and CAPEX savings as well as cost and CAPEX avoidance. In 2010 the Alliance should generate 120 billion yen in savings in new synergies. If we include carryover of previous years' synergies, the effect on 2010 free cash flow will be more than 240 billion yen for both Renault and Nissan. The scope of synergies will include joint revenue opportunities in addition to cost and CAPEX savings and avoidance. With more upstream involvement in the decision-making process, the Alliance will be able to identify and integrate synergies into the future plans of both companies. The pursuit of synergies is also behind our strategic cooperation with Daimler, with whom the Alliance will work on small cars, powertrain sharing - including Daimler's 4-cylinder gasoline and diesel engines and a 6-cylinder diesel engine for Infiniti - light commercial vehicles, electric vehicles and batteries, and other areas of common interest. The synergies with Daimler have a projected net present value of at least 2 billion euros for the Alliance. The Renault-Nissan Alliance has established an effective model within our industry. We have shown how large, complex organizations can work together to use scale effectively while maintaining separate corporate identities and autonomy of action. We have demonstrated that strategic partnerships allow each partner to realize more opportunities than either could ever achieve on its own. The synergies Nissan achieves with Renault and, now, with Daimler will contribute to our company's complete recovery and enable future growth. This means growing and being sustainable in a new era that requires meeting the growing demand for affordable mobility while being conscious of and responsive to environmental requirements. A year ago, I said Nissan knows how to adapt and face a crisis. Today, you can see how we have progressed and where we are headed. The lessons learned from our revival experience in 1999 and our recovery actions in 2009 are now built or being built into our global business practices. We will emerge from this crisis more competitive and stronger. Our commitment to our customers and our stakeholders is that - no matter what the obstacles - you can expect the best from Nissan.
Fiscal year 2009 was an extremely challenging year. At no other time in history has the global automotive industry faced such threatening impacts from the financial crisis, widespread economic recession, a distressed supply base and volatile foreign exchange rates. Within Nissan, we have kept our focus on recovery, guided by our recovery plan. Though we are still operating in crisis mode, we are well on track toward complete recovery. At the close of fiscal year 2009, our consolidated net revenues reached 7.517 trillion yen. Full-year operating profits reached 311.6 billion yen, and net income amounted to 42.4 billion yen. Free cash flow for our auto business resulted in a positive 375.5 billion yen. As a result, net debt for the auto business was reduced to 29.7 billion yen, showing a significant improvement compared to last year's level of 387.9 billion yen. Our core business benefited from the launch of eight all-new models globally, and customers responded positively to our product offer. Consequently, Nissan maintained or increased its market share in Japan, Europe and the United States, and our sales in China increased substantially. As we managed through the financial crisis and recession, Nissan did not compromise its strategic priorities. We did not slow our investments to contribute to a zero-emission society. When the Nissan LEAF goes on sale this year - as the first of the eight all-electric models to launch - the Renault-Nissan Alliance will be the first to mass-market affordable zero-emission vehicles, backed by battery capacity of 500,000 units. No other automaker will be producing electric batteries or cars at such a scale. And customers are ready. To date, 130,000 consumers in the U.S. have registered their interest in buying a Nissan LEAF. With sales starting this December, 13,000 pre-orders have been submitted in just over one month in the U.S. and Japan, largely driven by individual customer demand. This amount already surpasses our available production capacity for fiscal year 2010. Another focus of investments has been our emphasis on very affordable transportation. Entry segments today account for more than 25% of the global TIV of 64 million units, and the segment is growing. We will offer maximum value at affordable prices, beginning with a lineup of global compact cars based on Nissan's new V-platform, which will represent 1 million unit sales at full launch. Importantly, these compact cars' new engines will make eco-friendliness accessible to everyone as they set a new standard for fuel efficiency worldwide. Nissan is moving forward with many actions in emerging markets:
• In China, we will be able to produce more than 1 million cars a year in 2012, based on two shifts at our Huadu, Xiangfang and Zhengzhou plants, and we will expand our capacity further in line with market growth. Our intention is to grow our market share from 6% today to 10% as soon as possible.
• Our Alliance plant in Chennai, India, has started production with a 200,000-unit capacity and plans to increase to 400,000 units at full ramp-up in order to supply the Indian market and to export to more than 100 countries in Europe, Africa and the Middle East. We are also partnering with Ashok Leyland to start LCV production and with Bajaj for an Alliance ultra-low-cost car.
• In Brazil, where TIV grew by 16% this year, our market share stood at less than 1%. Through our growing product portfolio and network coverage, we plan to achieve 5% share in the midterm, contributing to the Alliance share objective of more than 10%.
• In Russia, we will introduce the Murano in early 2011 in our new St. Petersburg factory, in addition to the X-TRAIL and Teana. Nissan's market share stands at 4% today. Using Renault and Avtovaz platforms and production sites and optimizing our capacity, the Renault, Nissan and Avtovaz market share will increase from one-third to 40% as the Russian market recovers.
• In the Middle East, we are on the offensive in GCC with a revitalized network of national sales companies and distributors and the introduction of our large SUV flagship, the all-new Nissan Patrol.
• We are also positioning ourselves for the next wave of emerging countries, such as Indonesia.
Going forward, we believe 2010 will be another difficult year. Global economic conditions are improving, but they are not yet robust. Consumer spending still reflects a shaky confidence in most Western markets as well as in Japan. Commodity prices will be rising with economic recovery. We know the worst of the crisis is behind us, and our plan of action is to emerge from the crisis completely in this fiscal year and start a new mid-term plan in fiscal year 2011. Nissan is heading in the right direction, and we are eager to move forward with clear priorities.
Toshiyuki Shiga:
I will begin the summary of our performance during the past year with a review of global sales. The global TIV was 64.1 million units, an increase from the 61.6 million units sold in fiscal year 2008, mainly due to increases coming from government-led stimulus programs around the world and the increased demand in emerging markets, especially in China. Nissan's global sales amounted to 3.515 million units, a 3% increase year-on-year. Our sales evolution was in line with the TIV change in volatile market conditions, and our overall market share was 5.5%. In the fourth quarter alone, global sales totaled 1,010,000 units, up 29.7% from the same period in fiscal 2008. As in the third quarter, the increase was primarily due to the strong growth in China and the recovery in most of the mature markets. We launched eight new models globally, including the PIXO in Europe; Patrol in the Middle East; NV200 Vanette, Fuga and Roox in Japan; Infiniti G Convertible and 370Z Roadster in the United States; and the new March in Thailand, the first in our global compact car series. Let me give the sales breakdown by region. In Japan, supported by the eco-car tax reductions and incentives offered by the government, the TIV increased 3.8% year-on-year. Our sales reached 630,000 units, 2.9% above the previous year. Nissan's market share remained stable at 12.9%. The NECO series of fuel-efficient models contributed to our sales. Serena was the number-one minivan for the second year in a row, and X-TRAIL ranked first in the SUV segment for the third consecutive year. In the United States, the TIV dropped 9.3% to 10.8 million units. We sold 824,000 units, down 3.8%, while our market share increased four-tenths of a percentage point, to 7.6%. In the fourth quarter alone, sales in the U.S. increased 30.6%, resulting in a record market share of 9%, with strong contributions from the sales of Versa and Altima. In Europe, where the TIV decreased 6.4%, we sold 517,000 units, down 2.4% from the prior year, but our market share increased slightly to 2.8%. Government scrap incentives contributed to our sales increase of 24.5% in Western Europe, but the sales gain was offset by the 60.6% decline in sales in Russia. The light commercial vehicle segment in Europe is still in a very tough position, but we were pleased that our NV200 small van was named the "International Van of the Year 2010." In China, our sales grew 38.7% to 756,000 units. Our market share was 6%, down four-tenths of a percentage point from the prior year because our supply could not meet the strong market demand. In the fourth quarter of fiscal year 2009, sales in China increased 48.1% to 214,000 units, thanks to the strong offensive coming from Sylphy, Teana and Livina. Sales in the first quarter of fiscal year 2010 showed continuous growth, increasing 68.2% to 243,200 units. In other markets, sales in Thailand increased 24.2% to 34,600 units, and the March was named the "Most Environmentally Friendly Car of the Year." In the Middle East, sales dropped 19.7% to 179,100 units. In Australia, sales decreased 1.2% to 55,600 units.
FY09 financial performance Recovery plan actions taken to preserve cash and recover profits contributed to our financial performance in fiscal year 2009. Consolidated net revenues decreased 10.9%, to 7.517 trillion yen, which reflects the stronger yen offsetting the increase in sales volume. Consolidated operating profit totaled 311.6 billion yen, compared to a negative 137.9 billion yen in fiscal 2008. Net income reached 42.4 billion yen, compared to a negative 233.7 billion yen in fiscal 2008. Explaining the operating profit variance analysis:
• The 162.5 billion yen negative impact from foreign exchange came from the appreciation of the yen against all currencies. By currency, the majority of this variance was due to the impact of the U.S. dollar at 86 billion yen, the Russian ruble at 28 billion yen, and the Canadian dollar at 14 billion yen.
• The net impact from purchasing cost reduction was a positive 215.4 billion yen. This amount included a positive impact from the decrease in raw material and energy costs by 81 billion yen. Even though the current market price on raw materials is rapidly increasing, the impact on our results was positive in fiscal year 2009.
• Volume and mix produced a positive impact of 26.9 billion yen as a result of the increase in global sales volume. The fourth quarter of fiscal 2009 was positive by 153.1 billion yen due to the volume recovery in most countries.
• The reduction in Marketing and Sales expense was a positive 27.1 billion yen due mainly to savings in fixed expenses, such as advertising. Incentive spending was increased in Europe due to its tough market conditions.
• The provisions for the residual risk on leased vehicles in North America resulted in a positive variance of 141.7 billion yen, including gains on disposal because of improved used-car prices in our lease portfolio.
• R&D costs decreased 64.5 billion yen.
• Sales financing contributed a positive 50.1 billion yen. This was due mainly to better borrowing costs across the globe and lower loss provisions compared to fiscal year 2008.
• The remaining variance was a positive 86.3 billion yen, due mainly to savings in fixed expenses for all areas, including manufacturing costs and G&A expenses, as well as the profit recovery from affiliate companies, such as Jatco.
For the fourth quarter, global production volume totaled 951,000 units. Our flexible production network responded quickly to adjust production volumes in line with demand. Due to careful inventory management, our inventory of new vehicles remains at a low level, at 470,000 units at the end of fiscal year 2009. We continue to manage inventory carefully to limit its impact on our free cash flow.
FY10 outlook Let's move to our outlook for fiscal year 2010. With a TIV assumption of 66 million units, we expect our global sales to reach 3.8 million units, an increase of 8%, and a record level for Nissan. Our market share will stand at 5.8%. Our global production volume is forecast to be 3.75 million units. We will launch 10 new models globally, with more than 10 regional product launches. Our plan includes the launches of:
• Juke, Elgrand, a new minivan and a new minicar in Japan;
• Infiniti QX in the United States, followed by GCC and Russia;
• the NV series of commercial vans and a convertible crossover in the United States, along with the new Quest minivan for both the U.S. and Canadian markets;
• the Nissan LEAF zero-emission car in the United States and Japan, followed by Europe; and
• the second car in our global compact car series: an affordable sedan.
In fiscal year 2010, we will introduce more than 15 new technologies. "Zero emission" and "PURE DRIVE" are the two key pillars of our environment technology. Our zero-emission technologies will be highlighted by the launch of our EV, Nissan LEAF. In addition to EV, for our internal combustion engine vehicles, we will push hard on a range of low-carbon and low-emission technologies called "PURE DRIVE." These advances include Nissan's original hybrid and clean diesels in association with Renault, which will provide greater fuel efficiency. In addition, we are placing low-emission technologies in an increasing number of our new vehicles. For example, we'll apply idle stop to a wider range of models, starting with compact cars. With so many innovative technologies and products to come, 2010 will be a year to reinforce the image of "Nissan of Technology" in our customers' minds.
Each new year brings risks and opportunities. In fiscal 2010, risks include the continuing strong yen, increasing raw material costs, ongoing uncertainty in world markets, and instability and volatility within the euro-zone. Opportunities include a better-than-expected foreign exchange rate, sales increase in emerging markets, acceleration of Alliance synergies with Renault and further strategic cooperation with Daimler. In light of these factors, we have filed our forecast with the Tokyo Stock Exchange, using a foreign exchange rate assumption for the year of 90 yen to the dollar and 120 yen to the euro. For fiscal year 2010, we forecast the following:
• Net revenue is forecast to be 8.2 trillion yen.
• Operating profit is expected to be 350 billion yen.
• Net income is forecast to be 150 billion yen.
• Capital expenditures are expected to reach 360 billion yen.
• R&D expenses will amount to 430 billion yen.
• Free cash flow will be positive.
• Net auto debt will be eliminated at the end of fiscal year 2010.
Operating profit analysis As I said earlier, we expect the environment in the fiscal year 2010 to continue to be very tough. Even so, our operating profit forecast is expected to be better than last year's performance by 38.4 billion yen - from 311.6 billion yen to 350 billion yen - due to several factors:
• The impact from foreign exchange is a negative 30 billion yen, with the U.S. dollar accounting for the majority of this variance.
• The provisions for the residual risk on leased vehicles in North America result in a negative variance of 40 billion yen, due mainly to the gains on disposal in the last fiscal year because of improved used-car prices in our lease portfolio.
• The net impact from purchasing cost reduction is a positive 60 billion yen. This amount includes a negative impact from the significant increase in raw material and energy costs.
• Volume and mix will produce a positive impact of 270 billion yen as a result of the growth in global sales volume.
• The increase of Marketing and Sales expenses is a negative 140 billion yen due to the normalization of fixed expenses, such as advertising, and the rise in incentives as our volume increases.
• R&D costs are expected to increase by 45 billion yen.
• Others are negative 36.6 billion yen, due mainly to an increase in manufacturing costs and a partial normalization of labor costs to a pre-crisis level.
Direction on recovery Ending fiscal year 2009 with better-than-expected results is good, but market conditions are still volatile. Nissan employees continue to be fully engaged in our company's recovery plan. Our efforts are focused around three core pillars - namely, revenue growth, tight cost management and free cash flow generation. Let me describe each one. First is revenue growth. Though some of our volume will always be linked to external factors, such as shifts in TIV, increases in sales volume are also the result of our own internal efforts. In each major market, we have concrete actions to increase market share, leveraging the planned launches of our 10 new models. For example:
• In the United States, dealer network enhancement activities are supporting performance improvement.
• In China, we intend to secure adequate supply to keep pace with the speed of market growth.
• In Europe, we established a Share Improvement Program that includes detailed steps, such as identifying opportunities through internal benchmarking, setting action plans, allocating resources and reviewing progress on a monthly basis. The improved performance that began in the middle of 2009 is continuing.
On an ongoing basis, we monitor our global car-flow situation closely every month, and we look for ways to optimize opportunities. In addition to vehicle sales, we continue to pursue the growth of associated business, such as after-sales, sales financing and OEM business. In fiscal year 2010, teams will be working on enhancing our conversion and accessory business as well as service business... expanding sales financing activities regionally... and developing business deals around vehicles, powertrains and technologies, including IP licensing of Nissan's technical strengths. Second is tight cost management. Cost reduction within the monozukuri team will continue to be the main pillar of our 2010 recovery plan. Our monozukuri functions - Engineering, Purchasing, Manufacturing and Supply Chain Management - will continue to focus on our action plans linked to technical cost reduction, parts diversity and complexity reduction, and change of material usage. For cost reduction and to neutralize foreign exchange volatility, we will continue resourcing vehicles, parts and powertrains and the localization of parts. In addition to monozukuri cost reduction, we will continue our frugal policy in expenses, such as marketing, manufacturing, R&D, overtime, travel and G&A. We will eliminate some unsustainable measures put in place during the crisis, but we will adopt the new mindset related to all expenses, based on our new standards. In other words, some of the measures put in place throughout our company will become the new normal. The third pillar of our plan is free cash flow generation. In fiscal year 2009, we achieved our positive free cash flow objective, driven largely by cash generation from profit and strictly managed working capital, which includes inventory, accounts payable and receivable. In fiscal year 2010, due to the expected increase in sales and additional sourcing from India and Thailand, working capital will have a negative effect on free cash flow. However, we will minimize this impact through continued strict inventory management, such as ongoing complexity reduction. We will also continue to control all major components of free cash flow other than working capital, such as investing activities. By achieving the three core pillars - revenue growth, disciplined cost management and free cash flow generation - Nissan will be able to complete its recovery this year.
Carlos Ghosn:
The strategic actions we have described today not only reflect our long-term vision of Nissan as a global company that creates sustainable value, but they also show our commitment to maximizing total shareholder return. Based on the current state of our business and weighing the risks and opportunities for this year, we are planning to reinstate dividend payments for fiscal year 2010 at 10 yen for the full year: 5 yen for the interim dividend and 5 yen for the year-end dividend. We will elaborate on future dividend policies when we announce our midterm plan. At the foundation of Nissan's strategy lies the Renault-Nissan Alliance, which is now in its 11th year. The Alliance is a constant lever for creating value and improving performance. Supported by the dedicated team within Renault Nissan BV, compared to our objective of 180 billion yen, we achieved 228 billion yen worth of synergies for the Alliance in 2009, contributing to the free cash flow of both companies for their respective fiscal years. Nissan alone achieved 116 billion yen worth of synergies, primarily through pure cost and CAPEX savings as well as cost and CAPEX avoidance. In 2010 the Alliance should generate 120 billion yen in savings in new synergies. If we include carryover of previous years' synergies, the effect on 2010 free cash flow will be more than 240 billion yen for both Renault and Nissan. The scope of synergies will include joint revenue opportunities in addition to cost and CAPEX savings and avoidance. With more upstream involvement in the decision-making process, the Alliance will be able to identify and integrate synergies into the future plans of both companies. The pursuit of synergies is also behind our strategic cooperation with Daimler, with whom the Alliance will work on small cars, powertrain sharing - including Daimler's 4-cylinder gasoline and diesel engines and a 6-cylinder diesel engine for Infiniti - light commercial vehicles, electric vehicles and batteries, and other areas of common interest. The synergies with Daimler have a projected net present value of at least 2 billion euros for the Alliance. The Renault-Nissan Alliance has established an effective model within our industry. We have shown how large, complex organizations can work together to use scale effectively while maintaining separate corporate identities and autonomy of action. We have demonstrated that strategic partnerships allow each partner to realize more opportunities than either could ever achieve on its own. The synergies Nissan achieves with Renault and, now, with Daimler will contribute to our company's complete recovery and enable future growth. This means growing and being sustainable in a new era that requires meeting the growing demand for affordable mobility while being conscious of and responsive to environmental requirements. A year ago, I said Nissan knows how to adapt and face a crisis. Today, you can see how we have progressed and where we are headed. The lessons learned from our revival experience in 1999 and our recovery actions in 2009 are now built or being built into our global business practices. We will emerge from this crisis more competitive and stronger. Our commitment to our customers and our stakeholders is that - no matter what the obstacles - you can expect the best from Nissan.
Apr 30, 2010
Audi looks to invest in renewable electricity
AUDI AG is looking to invest in renewable sources of energy. In support of this goal, Audi this week signed an agreement with the international consortium "Desertec Industrial Initiative". The long-term goal of the joint venture is the climate-friendly production of energy in the deserts of North Africa and the Middle East. As an associated partner, Audi will initially work to create the right conditions and to establish the necessary infrastructure.
"When at Audi we speak of sustainable mobility, we are looking at the entire energy balance", said Rupert Stadler, Chairman of the Board of Management of AUDI AG. Audi is looking to introduce its first small-series electric car to the market as early as 2012. In doing so, Stadler said Audi will not only apply the principles of sustainability to the production of the cars, but also to ensure that customers can sustainably operate the cars. "Electric cars from Audi will run on sustainably produced electricity. To achieve this goal we're supporting the development of solar- and wind-driven power plants", Stadler said.
By partnering with Desertec, Audi is joining a unique industrial initiative. It is working to achieve a safe, sustainable and climate-friendly energy supply from the deserts of North Africa and the Middle East. The Desertec Industrial Initiative is working to develop the right conditions for targeted investment in solar and wind energy on the basis of careful analysis. Today the Desertec Industrial Initiative is backed by 16 founding companies, the DESERTEC Foundation and associated partners, who work to support the initiative's objectives.
In its holistic view of the energy balance of its products, AUDI AG includes its production processes. Surpassing the common German mix, an above-average percentage of the energy needed for production is fed into AUDI AG's plants from renewable sources. Novel photovoltaic panels on its roofs actively feed green electricity into the German grid. In the future, roughly an additional 14,000 megawatt hours are to be added to this through wind power; the utilization of biogas is also foreseen. The partnership with Desertec now expands this commitment.
"When at Audi we speak of sustainable mobility, we are looking at the entire energy balance", said Rupert Stadler, Chairman of the Board of Management of AUDI AG. Audi is looking to introduce its first small-series electric car to the market as early as 2012. In doing so, Stadler said Audi will not only apply the principles of sustainability to the production of the cars, but also to ensure that customers can sustainably operate the cars. "Electric cars from Audi will run on sustainably produced electricity. To achieve this goal we're supporting the development of solar- and wind-driven power plants", Stadler said.
By partnering with Desertec, Audi is joining a unique industrial initiative. It is working to achieve a safe, sustainable and climate-friendly energy supply from the deserts of North Africa and the Middle East. The Desertec Industrial Initiative is working to develop the right conditions for targeted investment in solar and wind energy on the basis of careful analysis. Today the Desertec Industrial Initiative is backed by 16 founding companies, the DESERTEC Foundation and associated partners, who work to support the initiative's objectives.
In its holistic view of the energy balance of its products, AUDI AG includes its production processes. Surpassing the common German mix, an above-average percentage of the energy needed for production is fed into AUDI AG's plants from renewable sources. Novel photovoltaic panels on its roofs actively feed green electricity into the German grid. In the future, roughly an additional 14,000 megawatt hours are to be added to this through wind power; the utilization of biogas is also foreseen. The partnership with Desertec now expands this commitment.
Apr 29, 2010
Opel Ampera Passes Production Milestone
The Opel Ampera passed an important milestone Friday, April 23, when the first pre-production Model Year 2012 Ampera rolled off the line at GM's Pre-Production Operations assembly line in Warren, Michigan.
Assembly workers will build more pre-production Amperas in the coming months. These pre-production vehicles will not be sold at dealerships, but used instead for testing and validating the production intent design as well as developing the final vehicle software and controls. Engineers in Europe and the United States also use them to tune the vehicle's overall driving experience. Some of these Amperas will have very short lives as they will be used in safety and structural integrity testing.
"We're right on target for producing the Ampera for European markets later next year," said Andrew Farah, Vehicle Chief Engineer for the Ampera "There's still work to be done, but being able to drive an Opel Ampera off our pre-production line is a great accomplishment for the teams here and in Europe."
The Opel Ampera extended-range electric vehicle delivers up to 60 kilometers of pure electric driving before an engine-generator kicks in to sustain the battery charge and seamlessly extend the range to more than 500 kilometers. The battery can be charged by plugging the vehicle's on-board charge system into a standard household outlet. It is scheduled to go on sale end 2011.
Assembly workers will build more pre-production Amperas in the coming months. These pre-production vehicles will not be sold at dealerships, but used instead for testing and validating the production intent design as well as developing the final vehicle software and controls. Engineers in Europe and the United States also use them to tune the vehicle's overall driving experience. Some of these Amperas will have very short lives as they will be used in safety and structural integrity testing.
"We're right on target for producing the Ampera for European markets later next year," said Andrew Farah, Vehicle Chief Engineer for the Ampera "There's still work to be done, but being able to drive an Opel Ampera off our pre-production line is a great accomplishment for the teams here and in Europe."
The Opel Ampera extended-range electric vehicle delivers up to 60 kilometers of pure electric driving before an engine-generator kicks in to sustain the battery charge and seamlessly extend the range to more than 500 kilometers. The battery can be charged by plugging the vehicle's on-board charge system into a standard household outlet. It is scheduled to go on sale end 2011.
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