DOCSLIB.ORG

Electric Vehicles and Autonomy

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Electric Vehicles and Autonomy Independent Research, Indispensable Results A Transformative Shift Towards Electric Vehicles and Autonomy PRESENTERS: GARRETT NELSON & ANGELO ZINO DECEMBER 17, 2019 Independent Research, Indispensable Results PAGE 1 Agenda • About CFRA • Electric Vehicle Outlook • Autonomous Vehicle Outlook • Semiconductor Automotive Outlook • Questions Independent Research, Indispensable Results PAGE 2 Our History More than 90 years of innovation and growth as an independent research firm. CFRA Legal CFRA MSCI CFRA CFRA CFRA Founded Edge Sold Acquired Acquired Acquired Is one of the world’s Launched To Risk Risk from MSCI First Bridge largest Independent Metrics Metrics Data research firms 09’ 11’ 201 2016 1927 1994 2006 2007 2009 2010 2013 2016 2019 Today S&P S&P Equity and Fund Research Global equity coverage begins Acquired by CFRA Independent Research, Indispensable Results PAGE 3 Proprietary Methodology Engine CFRA blends fundamental equity with forensic accounting • Weekly market commentary, sector insights and portfolio guidance • Robust analysis covering 11 sectors and 68 industries • Unique holdings-based analysis covering 1,800+ ETFs and mutual funds • Qualitative research of 1,500 global companies; quantitative coverage of 25,000+ global companies • Diagnostic industry and company monitoring for risk assessment • Investigative insights utilizing forensic accounting, legal and exception-based insights Independent Research, Indispensable Results PAGE 4 Independence Research is all we do. CFRA does NOT manage money or make trades Many independent investment research providers claim to be free of conflicts but are NOT Independent Research, Indispensable Results PAGE 5 Electric Vehicle Outlook Garrett Nelson, Senior Equity Analyst Independent Research, Indispensable Results PAGE 6 Electric Vehicles Independent Research, Indispensable Results PAGE 7 Sources: CFRA, Pxhere.com. A History of Electric Vehicles (EVs) • Late 1820’s / Early 1830’s – Anyos Jedlik (Hungary) Invents First Small Scale EV, Robert Anderson (Scotland) Develops First Crude EV • 1889 – William Morrison Creates First Successful EV in U.S. • 1900 – EVs Account For Roughly 33% of All Vehicles on the Road in U.S. • 1901 – Ferdinand Porsche Invents First Electric Hybrid Car • 1908 – Ford Introduces the Gas-Powered, Mass Market Model T • 1913 – Ford Introduces First Conveyor Belt-Based Assembly Line, Significantly Reducing Costs • 1910’s / 1920’s – Discovery of Cheap Texas Crude Oil Makes EVs Nearly Obsolete By 1935 • 1970’s – Clean Air Act is Passed, Oil Prices Soar, Reviving Interest In Alternative Fuel Vehicles Independent Research, Indispensable Results PAGE 8 Sources: CFRA, U.S. Department of Energy. A History of Electric Vehicles (EVs) • 1990’s – New Government Regulations Renew Interest in EVs • 1996 – GM Releases EV1 Which Quickly Gains A Cult Following But is Unprofitable • 1997 – Toyota Introduces The First Mass-Produced Hybrid (The Prius) • 2000’s – Oil Prices Soar, Again Reviving Interest In Alternative Fuel Vehicles • 2003 – Silicon Valley Startup Tesla Motors Founded With Goal of Producing EVs • 2008 – Tesla Introduces Roadster EV • 2010 – Nissan Releases First EV (Nissan Leaf), GM Releases First Plug-In Hybrid (Chevy Bolt) • 2010’s – Battery Costs Drop By 50% Due to Innovation and Investments By DOE Independent Research, Indispensable Results PAGE 9 Sources: CFRA, U.S. Department of Energy. Global EV Sales Being Driven by Battery EVs Global EV Sales Volume Global EV Stock (units in thousands) (units in thousands) 2,500 6,000 1,975 2,000 5,000 4,000 1,500 1,174 3,000 1,000 752 2,000 546 500 1,000 119 8 0 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Battery Electric Vehicles Plug-In Hybrids Battery Electric Vehicles Plug-In Hybrids • In 2018, global EV sales totaled 1.98M units (1.35M BEV and 630K PHEV), a 68% yr/yr jump, which increased total global EV stock to 5.12M units – 78% growth for BEVs (Tesla Model 3 introduced in late 2017) and 50% for PHEVs Independent Research, Indispensable Results PAGE 10 Sources: CFRA, EVAdoption.com. Consumer Reports Survey Results • 36% of Prospective Car Buyers said they Would Consider Buying (31%) or Would Definitely Buy (5%) a Plug-in EV within the next two years • Interest in owning an EV is highest among consumers with an annual income of $100,000+ • $100,000 or more - 39% (Would Consider Buying 34%, 5% Would Definitely Buy) • $50,000-$100,000 - 38% (Would Consider Buying 33%, 5% Would Definitely Buy) • Less than $50,000 - 32% (Would Consider Buying 28%, 4% Would Definitely Buy) • Top factors that would make an EV purchase more likely: • Lower purchase price - 59% • Longer driving range - 51% • Lower operating costs - 39% • Shorter charging time - 36% • 75% said that incentives and tax rebates for EVs should be available to all buyers; 63% said their state should make it easier for consumers to purchase EVs Independent Research, Indispensable Results PAGE 11 Sources: Consumer Reports and Union of Concerned Scientists survey of 1,659 U.S. adults conducted between 4/8/18-4/19/19. Margin of error = 2.4% . EVs: What The Experts Are Saying • Former Fiat Chrysler Chairman & CEO Sergio Marchionne – “I hope you don’t buy it (the Fiat 500e) because every time I sell one it costs me $14,000.” -May 21, 2014 – “I don’t know of a company that is making money selling electric vehicles unless you are selling them at the very, very high end of the spectrum.” -January 15, 2018 • Tesla CEO Elon Musk – “You have to match the convenience of the gasoline car in order for people to buy an electric car.” -June 28, 2017 • Ford Chairman Bill Ford Jr. – “Electrification is here to stay. History will show whether it was smart or not (to talk about plans) but it’s important to signal where we’re going.” -January 15, 2018 Independent Research, Indispensable Results PAGE 12 Expiring Tax Credits: Winners & Losers • Internal Revenue Code Section 30D provides a federal tax credit for Qualified Plug-in Electric Vehicles – EV purchases are eligible for a $7,500 federal tax credit until the manufacturer has sold a total of 200,000 eligible EVs on a cumulative basis for sales beginning January 1, 2010 • The credit begins to phase out over a 12-month period at the beginning of the second calendar quarter after the manufacturer has sold 200,000 vehicles, as announced by the IRS – The credit declines to 50% of the original amount ($3,750) over the first six months and to 25% of the original amount ($1,875) over the following six months • Companies which have sold 200,000 EVs and phase out period dates: – Tesla: January 1, 2019 – December 31, 2019 – General Motors: April 1, 2019 – March 31, 2020 • Other automakers’ cumulative EV sales in U.S. (through 6/30/19): – Nissan: 135,550 Ford: 116,926 Toyota: 104,375 BMW: 93,696 Independent Research, Indispensable Results PAGE 13 Sources: CFRA, IRS.gov, EVAdoption.com. The Long List of Failed EV Start-Ups • Fisker • AMP • Coda • Aptera • Spyker Cars • Better Place • Detroit Electric • Li-ion Motors • Corbin • HumanCar • Bright Automotive • LeEco • Key Takeaway: The global auto industry is a highly competitive, cyclical, high fixed-cost, and low-margin industry. The failure rate for new entrants is high. Independent Research, Indispensable Results PAGE 14 Source: CFRA. …And Discontinued Models Discontinue BEV/ Manufacturer Brand Model Date PHEV Type General Motors Chevy Volt 2019 PHEV Hatchback Volkswagen Audi A3 Sportback e-tron 2019 PHEV Sedan General Motors Cadillac CT6 2019 PHEV Sedan Ford Ford Focus Electric 2019 BEV Hatchback Ford Ford C-Max 2018 PHEV Hatchback General Motors Cadillac ELR 2017 PHEV Coupe Daimler Mercedes-Benz B250e 2017 BEV Hatchback Renault-Nissan-Mitsubishi Mitsubishi iMiEV 2017 BEV Subcompact General Motors Chevy Spark 2016 BEV Subcompact Toyota Toyota Prius PHV 2016 PHEV Hatchback Honda Honda Accord 2015 PHEV Sedan Honda Honda Fit 2014 BEV Subcompact Toyota Toyota RAV4 EV 2014 BEV SUV Coda Coda Coda 2013 BEV Sedan Fisker Fisker Karma 2012 PHEV Sports car Tesla Tesla Roadster 2012 BEV Sports car Toyota Toyota RAV4 EV 2003 BEV SUV Ford Ford Ranger 2002 BEV Pickup General Motors General Motors EV1 1999 BEV Coupe General Motors Chevy S-10 Electric 1998 BEV Pickup Note: BEV = Battery Electric Vehicle, PHEV = Plug-In Hybrid Electric Vehicle Independent Research, Indispensable Results PAGE 15 Sources: CFRA, EVAdoption.com. 25 New EV Models To Debut in U.S. in 2020 Availability Model BEV/ Range Estimated Manufacturer Brand Model Date Year PHEV Type (miles) MSRP Aston Martin Aston Martin RapidE 2020 2020 BEV Sedan 200+ $250,000 BMW BMW iX3 2020 2021 BEV SUV 210 $50,000 BMW BMW X5 2020 2021 PHEV SUV 40 $62,000 BMW Mini Cooper S E 2020 2020 BEV Hatchback 114 $37,500 Bollinger Bollinger B1 2020 2020 BEV Pickup/Worktruck 200 $60,000 Daimler Mercedes-Benz EQC 2020 2020 BEV SUV 225 $75,000 Fiat Chrysler Jeep Renegade PHEV 2020 2020 PHEV SUV 25 $28,000 Fiat Chrysler Jeep Wrangler PHEV 2020 2021 PHEV SUV 25 $35,000 Fiat Chrysler Maserati Levante 2020 2021 PHEV SUV 25 $90,000 Ford Ford TBD 2020 2021 BEV SUV 300 $45,000-$48,000 Ford Ford Escape 2020 2020 PHEV SUV 30 $35,000 Geely Volvo XC40 2020 2021 BEV SUV 222 $58,000 Geely Polestar Polestar 1 2020 2020 PHEV Sport coupe 65 $155,000 Geely Polestar Polestar 2 2020 2021 BEV Sedan 275 $63,000 Hyundai Kia Soul 2020 2020 BEV CUV 243 $36,000 Hyundai Kia Stonic 2020 2020 BEV SUV 190 $26,000 Renault-Nissan-Mitsubishi Mitsubishi Outlander 2020 2020 PHEV SUV 38 $36,000 Rivian Rivian R1T 2020 2021 BEV Pickup 230-400 $70,000-$100,000 Tesla Tesla Model Y 2020 2020 BEV CUV 300 $48,000 Toyota Toyota RAV4 2020 2020 PHEV SUV 30 $32,000 Volkswagen Audi Sportback e-tron 2020 2020 BEV Sport coupe 275 $90,000 Volkswagen Audi e-tron GT 2020 2020 BEV Sedan 248 $90,000 Volkswagen Bentley Bentayga Hybrid 2020 2020 PHEV SUV 31 $190,000 Volkswagen Porsche Taycan 2020 2020 BEV Sports car 250 $80,000 Volkswagen Volkswagen I.D.
Load more

Recommended publications
  • Technologyquarterly September 3Rd 2011
    Artifi cial muscles Brainwave control: Marc Andreessen’s challenge motors sci-fi no longer second act TechnologyQuarterly September 3rd 2011 Changes in the air The emerging technologies that will defi ne the future of fl ight TQCOV-September4-2011.indd 1 22/08/2011 15:42 2 Monitor The Economist Technology Quarterly September 3rd 2011 Contents On the cover From lightweight components and drag-reducing paint today, to holographic entertainment systems and hypersonic aircraft tomorrow, researchers are devising the emerging technologies that will dene the future of ight. What can tomorrow’s Cameras get cleverer travellers expect? Page 10 Monitor 2 Computational photography, a new approach to desalination, monitoring yacht performance, spotting fakes with lasers, guiding nanoparticles to ght Consumer electronics: New approaches to photography treat it as a branch of cancer, mopping up oil with wool, smaller military drones, computing as well as optics, making possible a range of new tricks keeping barnacles at bay and HOTOGRAPHY can trace its roots to dierent exposures, into one picture of the religious overtones of Pthe camera obscura, the optical princi- superior quality. Where a single snap may computing programming ples of which were understood as early as miss out on detail in the lightest and dar- the 5th century BC. Latin for a darkened kest areas, an HDR image of the same Dierence engine chamber, it was just that: a shrouded box scene looks preternaturally well lit (see 9 Worrying about wireless or room with a pinhole at one end above). HDR used to be a specialised Concerns about the health risks through which light from the outside was technique employed mostly by profes- of mobile phones are misplaced projected onto a screen inside, displaying sionals.
    [Show full text]
  • Electric Vehicle Demonstration Projects In
    ELECTRIC VEHICLE DEMONSTRATION PROJECTS IN THE UNITED STATES Prepared For TEKES The Finnish Funding Agency for Technology and Innovation NWV Market Discovery, Inc. 20781 Evergreen Mills Road · Leesburg, VA 20175, USA Tel 1-703-777-1727 · Cell 1-703-909-0603 · URL: www.nwv.com CONTENTS 1. BACKGROUND & OBJECTIVES ________________________________________ 4 2. INTRODUCTION ____________________________________________________ 6 2.1. POLITICAL CONTEXT _________________________________________________ 6 2.2. ELECTRICAL CAR MANUFACTURERS ___________________________________ 7 2.3. MUNICIPALITIES _____________________________________________________ 7 2.4. INFRASTRUCTURE ___________________________________________________ 7 2.5. TECHNOLOGY & COMPONENT SUPPLIERS______________________________ 9 2.6. RETAIL, SALES & CONSUMER SERVICE _________________________________ 9 2.7. FUNDING ___________________________________________________________ 9 2.8. INTERNATIONAL COLLABORATION ___________________________________ 10 2.9. GLOBAL INITIATIVES ________________________________________________ 10 2.10. SOURCES __________________________________________________________ 12 3. DEMONSTRATION & TEST PROJECTS _________________________________ 13 3.1. THE EV PROJECT ___________________________________________________ 13 3.2. PROJECT PLUG - IN _________________________________________________ 18 3.3. USPS PILOT PROGRAM “CONVERT LLVs TO EVs”_______________________ 23 3.4. PORT OF LOS ANGELES ELECTRIC TRUCK DEMONSTRATION PROJECTS ___ 26 3.5. SDG&E CTP EV DEMONSTRATION
    [Show full text]
  • Advanced Manufacturing Cluster in Northeast Indiana
    ADVANCED MANUFACTURING CLUSTER IN NORTHEAST INDIANA Made possible with the support of Presented to the Northeast Indiana Fund by Rev. January, 2011 Report on the Advanced Manufacturing Cluster in Northeast Indiana Prepared for Northeast Indiana Fund and WorkOne Rev. January, 2011 TABLE OF CONTENTS INTRODUCTION 3 ADVANCED MANUFACTURING IN NORTHEAST INDIANA 6 AUTOMOTIVE SUBCLUSTER 23 DEFENSE SUBCLUSTER 44 WIRE SUBCLUSTER 48 ALTERNATIVE ENERGY 51 RECOMMENDATIONS FOR THE ADVANCED MANUFACTURING CLUSTER 56 APPENDIX 58 Taimerica Management Company | P. O. Box 977 | Mandeville LA 70470 | 985.626.9868 2 Report on the Advanced Manufacturing Cluster in Northeast Indiana Prepared for Northeast Indiana Fund and WorkOne Rev. January, 2011 INTRODUCTION Advanced Manufacturing is a term without an exact or consistent definition. The proponents know it when they see it but often can’t define it. The definition is not commonly agreed upon, even in the manufacturing community. This ambiguity has hamstrung communities and states hoping to develop a strategy for promoting and growing Advanced Manufacturing. If you can’t define it, how can you identify and develop it? Most experts now agree on several points. First, advanced manufacturing isn’t industry specific, although some industries such as defense, aerospace, and automotive have more advanced manufacturing companies than others. Advanced Manufacturing is identified at the company rather than the industry level. It is more useful to define Advanced Manufacturing based on “how” companies manufacture, rather than on their end products. Since all of the economic and employment information for manufacturing is collected based on the finished goods that are produced, traditional industry statistics aren’t useful for identifying it.
    [Show full text]
  • 2018 Global Go to Think Tank Index Report1
    University of Pennsylvania Masthead Logo ScholarlyCommons TTCSP Global Go To Think aT nk Index Reports Think aT nks and Civil Societies Program (TTCSP) 1-2019 2018 Global Go To Think aT nk Index Report James G. McGann University of Pennsylvania, [email protected] Follow this and additional works at: https://repository.upenn.edu/think_tanks Part of the International and Area Studies Commons McGann, James G., "2018 Global Go To Think aT nk Index Report" (2019). TTCSP Global Go To Think Tank Index Reports. 16. https://repository.upenn.edu/think_tanks/16 2019 Copyright: All rights reserved. No part of this report may be reproduced or utilized in any form or by any means, electronic or mechanical, including photocopying, recording, or by information storage or retrieval system, without written permission from the University of Pennsylvania, Think aT nks and Civil Societies Program. All requests, questions and comments should be sent to: James G. McGann, Ph.D. Senior Lecturer, International Studies Director, Think aT nks and Civil Societies Program The Lauder Institute University of Pennsylvania Email: [email protected] This paper is posted at ScholarlyCommons. https://repository.upenn.edu/think_tanks/16 For more information, please contact [email protected]. 2018 Global Go To Think aT nk Index Report Abstract The Thinka T nks and Civil Societies Program (TTCSP) of the Lauder Institute at the University of Pennsylvania conducts research on the role policy institutes play in governments and civil societies around the world. Often referred to as the “think tanks’ think tank,” TTCSP examines the evolving role and character of public policy research organizations.
    [Show full text]
  • Plug-In Hybrid Electric Vehicle Value Proposition Study
    DOCUMENT AVAILABILITY Reports produced after January 1, 1996, are generally available free via the U.S. Department of Energy (DOE) Information Bridge: Web site: http://www.osti.gov/bridge Reports produced before January 1, 1996, may be purchased by members of the public from the following source: National Technical Information Service 5285 Port Royal Road Springfield, VA 22161 Telephone: 703-605-6000 (1-800-553-6847) TDD: 703-487-4639 Fax: 703-605-6900 E-mail: [email protected] Web site: http://www.ntis.gov/support/ordernowabout.htm Reports are available to DOE employees, DOE contractors, Energy Technology Data Exchange (ETDE) representatives, and International Nuclear Information System (INIS) representatives from the following source: Office of Scientific and Technical Information P.O. Box 62 Oak Ridge, TN 37831 Telephone: 865-576-8401 Fax: 865-576-5728 E-mail: [email protected] Web site: http://www.osti.gov/contact.html This report was prepared as an account of work sponsored by an agency of the United States Government. Neither the United States government nor any agency thereof, nor any of their employees, makes any warranty, express or implied, or assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed, or represents that its use would not infringe privately owned rights. Reference herein to any specific commercial product, process, or service by trade name, trademark, manufacturer, or otherwise, does not necessarily constitute or imply its endorsement, recommendation, or favoring by the United States Government or any agency thereof. The views and opinions of authors expressed herein do not necessarily state or reflect those of the United States Government or any agency thereof.
    [Show full text]
  • 1-30-2018 2017 Global Go to Think Tank Index Report
    University of Pennsylvania Scholarly Commons TTCSP Global Go To Think Tank Index Reports Think Tanks and Civil Societies Program (TTCSP) 1-30-2018 2017 Global Go To Think Tank Index Report James G. McGann University of Pennsylvania, [email protected] Follow this and additional works at: http://repository.upenn.edu/think_tanks Part of the International and Area Studies Commons McGann, James G., "2017 Global Go To Think Tank Index Report" (2017).TTCSP Global Go To Think Tank Index Reports. 2018 Copyright: All rights reserved. No part of this report may be reproduced or utilized in any form or by any means, electronic or mechanical, including photocopying, recording, or by information storage or retrieval system, without written permission from the University of Pennsylvania, Think Tanks and Civil Societies Program. All requests, questions and comments should be sent to: James G. McGann, Ph.D. Senior Lecturer, International Studies Director Think Tanks and Civil Societies Program The Lauder Institute University of Pennsylvania Telephone: (215) 746-2928 Email: [email protected] 2017 Global Go To Think Tank Index Report Abstract Background on the Think Tanks and Civil Societies Program The Think Tanks and Civil Societies Program (TTCSP) of the Lauder Institute at the University of Pennsylvania conducts research on the role policy institutes play in governments and civil societies around the world. Often referred to as the “think tanks’ think tank,” TTCSP examines the evolving role and character of public policy research organizations. Over the last 26 years, the TTCSP has developed and led a series of global initiatives that have helped bridge the gap between knowledge and policy in critical policy areas such as international peace and security, globalization and governance, international economics, environmental issues, information and society, poverty alleviation, and healthcare and global health.
    [Show full text]
  • Beyond New Plug-Ins: Fixing Gas Guzzlers
    Beyond New Plug-Ins: Fixing Gas Guzzlers January 19, 2010 Felix Kramer, Founder The California Cars Initiative [email protected] For updated PDF of presentations: www.calcars.org/downloads 2008: First preview of a new industry Ali Emadi, Felix Kramer, Andy Grove, Andy Frank 1 Beyond New Plug-Ins Nonprofit Startup: CalCars’ successes & challenges • 2004: “no technical/business case for PHEVs—and no one wants to plug in.” • We always saw conversions as a strategy to build support & awareness: – Hybrid retrofits previewed validated, mass-produced PHEVs. – Education and coalitions crossed multiple constituencies and ideologies. – Open-source exchange germinated conversion company ecosystem. – Public and influencers pressured industry and government. Technology (demos) Advocacy (buyers) 2004 2006 2009 2 Beyond New Plug-Ins Conversions: line extensions: new: back to retrofits! …& from GROUND-UP Chevy Bright NEW DESIGNS: “Volt” “Idea” …Next: GAS-GUZZLER CONVERSIONS! 3 Beyond New Plug-Ins Link for info and to order at CalCars.org home page 2005-2009: 27+ books highlight PHEVs 4 Beyond New Plug-Ins 20+ carmakers interested; races to be first; first timetables (see CalCars Carmakers page summary) Volt 2010; Converj next; selling in China Ampera; blended PHEV SUV? 2011 first Karma 2010, Nina 2012 2012 sales to consumers 2005 prototypes if & when: 5 Beyond New Plug-Ins More @ CalCars Photos pages For CalCars, after seven years, a challenging new campaign Gore; Clinton Plug-in drivers with GM’s Tony Posawatz Google’s Brin+Page, HEVT’s Ali Emadi, CalCars’ Felix Kramer, Intel’s Andy Grove, Efficient Drivetrains’ Andy Frank 6 Beyond New Plug-Ins It’s about penetrating a U.S.
    [Show full text]
  • Amory B. Lovins
    Amory B. Lovins (1947– ), SAE, is cofounder and Chairman Emeritus and until September 2019 was Chief Scientist of Rocky Mountain Institute (www.rmi.org), continuing as an independent contractor and Trustee. An American consultant physicist, he is a noted innovator in energy and its links with economy, environment, resources, security, and global development. He has advised the energy and other industries for 45+ years in 70+ countries, as well as the US Departments of Energy and Defense. His work has been recognized by the Volvo, Zayed, Blue Planet, Onassis, Shingo, Goff Smith, and Mitchell Prizes, the Benjamin Franklin, Happold, and Spencer Hutchens Medals, MacArthur and Ashoka Fellowships, 12 honorary doctorates, and the Right Livelihood (“Alternative Nobel”), Heinz, Lindbergh, Time Hero for the Planet, and National Design Awards. A Swedish engineering academician, US honorary architect, former Oxford don, and 2011–18 member of the National Petroleum Council, he has briefed 30+ heads of state, advised major firms and governments worldwide, taught at ten universities (most recently Stanford’s School of Engineering and the Naval Postgraduate School), and written 31 books and 650+ papers. In 2009, Time named him one of the 100 most influential people in the world; Foreign Policy, one of the 100 top global thinkers. In 2016, the President of Germany awarded him the Officer’s Cross of the Order of Merit (Bundesverdienstkreuz 1. Klasse). Lovins’s 1991 invention of a highly integrated ultralight•hybrid Hypercar® concept won the 1993 Nissan Prize at ISATA and the 1999 and 2003 World Technology Awards. He has advised senior executives and development engineers at most of the world’s OEMs.
    [Show full text]
  • A Study of the Ford Motor Company
    Business Value Group LLC A Study of the Ford Motor Co Turnaround 2010 Keys : Quotes from Participants Key message or take-away Business Value Group LLC Patrick Hehir, September 2010 It is said that a man is not defined by his challenges in life but rather by his response to them. The same could be said of communities and organizations, including public companies. During the deep global recession of 2008, a myriad of companies and industries in the USA struggled to survive. Although it has been recently announced that the recession is over, its effects persist and there is significant fear that there will be a second recession that will hit late 2010 and into 2011. Given the stubbornly high level of unemployment, some even suggest that the U.S. may in fact be in a depression. During this time, our key financial and automotive business sectors ended up needing U.S. government aid to help them navigate through the toughest patch of the downturn. However there was a notable exception within the US auto industry, ONE company that never asked for or received any direct monies from the government, and that was The Ford Motor Company. Having never asked for or taken a dollar of support from the US government, Ford reported a profit of $2.7 Billion on January 29 ,2010, for fiscal year 2009, after having had a loss of $14.6B in 2008.1 This was Ford’s largest pretax operating profit in six years. “The company also outsold GM in February 2010, something that had not happened in more than 50 years, aside from several months in 1998 when GM workers were on strike.”2 In April Ford reported a profit of $2.1 Billion for quarter one of 2010 a big reversal from year ago period where it had a loss of $1.4 Billion.
    [Show full text]
  • Rtist Sigurður Guðmundsson Is a Man of the World. Living in China And
    www.grapevine.is THE ESSENTIAL GUIDE TO LIFE, TRAVEL & ENTERTAINMENT IN ICELAND IN THE ISSUE Issue 14 • 2010 • September 10 - 23 COMPLETE+ CITY LISTINGS - INSIDE! ENTREPRENEURS ECONOMICS DINING MUSIC TRAVEL Tales from Angry reader Grapevine The mash-up The Icelandic Riviera the start-ups responds, surveys soup movement meets is not where calls us commies Iceland you expect rtist Sigurður Guðmundsson is a man of the world. Living in China and mostly operating out of Holland, A he has had an unusually busy year in Iceland, along with exhibitions, unveilings and publications he even made the cover of the Grapevine. Now, find out about his adventures in Vietnam. The Reykjavík Grapevine Issue 14 — 2010 The Reykjavík GRapevine Hafnarstræti 15, 101 Reykjavík 2 www.grapevine.is [email protected] Editorial | Sveinn Birkir Björnsson Published by Fröken ehf. www.froken.is Member of the Icelandic Travel Industry Association www.saf.is Printed by Landsprent ehf. in 25.000 copies. Look Who's Back! ediToR: Due to a series of unfortunate circumstances, S. Magnússon has set for this publication. Without Haukur S Magnússon / [email protected] acTinG ediToR: I have been called upon in this hour of need to her, this issue would probably not have seen the Sveinn Birkir Björnsson / [email protected] briefly (and somewhat triumphantly) edit this is- light of day. ediToRial: sue of the Reykjavík Grapevine. It has been a There have been changes to the Icelandic +354 540 3600 / [email protected] pleasure to return to my old post as editor of the society since I left my regular position as editor advertisinG: +354 540 3605 / [email protected] Grapevine, filling in for the vacationing Haukur S.
    [Show full text]
  • Strategizing Around the Globe 2 Managing Industry Competition 3 Leveraging Resources and Capabilities 4 Emphasizing Institutions, Culture, and Ethics
    1 Strategizing Around the Globe 2 Managing Industry Competition 3 Leveraging Resources and Capabilities 4 Emphasizing Institutions, Culture, and Ethics PART FOUNDATIONS OF 1 GLOBAL STRATEGY CHAPTER1 STRATEGIZING AROUND THE GLOBE © istockphoto/Alexey Stiop KNOWLEDGE OBJECTIVES After studying this chapter, you should be able to 1. Offer a basic critique of the traditional, narrowly defined “global strategy” 2. Articulate the rationale behind studying global strategy 3. Define what is strategy and what is global strategy 4. Outline the four fundamental questions in strategy 5. Participate in the debate on globalization with a reasonably balanced view and a keen awareness of your likely bias 2 OPENING CASE The Global Strategy of Global Strategy Launched in 2005, Global Strategy has been used by business schools in over 30 countries and is now available in Chinese, Spanish, and Portuguese in addition to English. Global Strategy has also spawned two related books: Glo- bal Business (a more comprehensive, traditional textbook in international business) and GLOBAL (a more compact, innovative paperback). Everybody knows global competi- tion is tough. How do Global Strategy and its sister books compete around the world? In other words, what is the nature of the global strategy of Global Strategy? Global Strategy and its sister books are published by South-Western Cengage Learning, which is a division of Cen- gage Learning. Cengage Learning serves students, teachers, and libraries in the secondary and higher education markets, as well as government agencies and corporations. While the copyright page of this book indicates an address in Mason, Ohio (a suburb of Cincinnati), note that this is the address for the specific division: South-Western.
    [Show full text]
  • Ford and the World Automobile Industry in 2012
    Ford and the world automobile industry in 2012 At the beginning of 2012, the Chief Financial Offi cer of Ford Motor Company, Lewis Booth, was reviewing his fi nancial forecasts for 2012-16. Ford’s turnaround since the crisis of 2007-8 had been remarkable. After a loss of $14.7 billion in 2008, Ford earned net profi ts of $6.6 billion in 2010, and it looked as though Ford’s profi t for 2011 would exceed this. The recovery had been much more rapid than Booth had expected. Ford’s business plan of December 2008 projected that it would not break even until 2011.1 Booth attributed the speed of the turnaround to three factors: fi rst government measures in North America and Europe to stimulate demand through incentives for scrapping old cars and subsidies for purchasing new, fuel-effi cient models; second, the recovery of demand in several major markets including China, India, Brazil and the US; third, Ford’s own restructuring. The “One Ford” transformation plan introduced in 2006 had closed plants, cut Ford’s workforce from 295 000 at the beginning of 2006 to 148 000 at the end of 2011, sold Jaguar, Land Rover and Volvo and a large chunk of Mazda; integrated Ford’s global activities; and accelerated product development including an increasing emphasis on smaller cars. Despite these successes, Booth looked to the future with much trepidation. Ford’s performance over the next fi ve years would depend on three main factors: Ford’s ability to continuing success with its One Ford strategy, the state of the world economy, and developments in the global automobile industry.
    [Show full text]