A panel of auto executives at the 2008 SAE World Congress has predicted the US could see as much as 20% of all vehicles powered by diesel fuel by 2020.
Left Lane News said that BorgWarner CEO Tim Manganello proposed this idea, along with hybrids making up 10% of all vehicles. Panelists including Ford product chief Derrick Kuzak and Toyota engineering vice president Ed Mantey agreed, according to the report.
Manganello looked to Europe as an indicator of these future US trends.
During the same speech, Manganello said turbocharged gas engines will double by 2013, as advances in the technology offers significant fuel economy improvements.
At the same time, Magna International co-CEO Don Walker said annual hybrid vehicle worldwide would reach 1.7 million units by 2013, with nearly half that, 765,000, in the US.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataWalker went on to indicate manufacturers need to increase the use of global platforms in order to meet costs and criteria imposed by emission regulations. He stressed suppliers will need to be part of this picture, and be able to expand globally, with engineering and manufacturing operations close to where automakers need them.