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From 2002-2007, the average age of light vehicles in the US increased by 3.5%. The 40 percent drop in new vehicle sales due to the recession created an acceleration in average age like we’ve never seen before. While the decrease in light vehicles 12-15 years of age looks alarming, it relates to the drop in sales due to the recession.
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He was appointed Executive Vice-President of Production at SEAT in 2002, becoming Deputy President of the brand in 2009, and was subsequently named Group Chief Officer for the Environment, Energy and New Business Areas in 2012. Fred Kappler will assume responsibility for Group Sales.
In November 2008, T3 Motion , the provider of a three-wheel electric vehicle to the public safety and private security markets, contracted for 4,000 e-Zone vehicles from CT&T for sale to police departments in the US for use in applications such as parking enforcement. Earlier post.). Currently, CT&T Korea, Ltd.
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operations are small - about 20 people work in a sales and marketing outpost in Elk Grove Village, Ill., Put simply, this little-known upstart has accelerated ahead of its much bigger rivals in the race to build an affordable electric car. near Motorola, and another 20 or so work in San Francisco, not far from Apple. 24.17% CBS Corp 6.76
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