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IHS: average age of vehicles on the road in US steady at 11.4 years; scrappage rate declining

Green Car Congress

This year, we’re seeing somewhat of a plateau in the market, and expect it to remain over the next few years, without a major change in either direction. Looking ahead, IHS forecasts that average age of vehicles is likely to remain at 11.4 This while VIO is up 1.5%, a rate the auto industry hasn’t seen in the US since 2004-2005.

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GM and Chrysler Submit Updated Restructuring Plans; Up to $18.6B More Needed; Outlines for Product Plans

Green Car Congress

The plans, updated in the context of a worsening sales outlook for the entire auto industry, outline a need for up to an additional $16.6 The plans, updated in the context of a worsening sales outlook for the entire auto industry, outline a need for up to an additional $16.6 million units (57.5

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Expert panel report finds achieving 1M plug-in vehicles in US by 2015 would require concentrated action to overcome barriers

Green Car Congress

A new study sponsored by Indiana University concludes that President Obama’s vision of one million plug-in electric vehicles (PEVs) on US roads by 2015 will require concentrated efforts action from all stakeholders— the auto industry, federal government, the scientific community, and consumers—to be realized.

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A 100 m.p.g. truck? A Bright IDEA | Freep.com | Detroit Free Press

Tony Karrer Delicious EVdriven

Three years ago, the magazine Popular Mechanics even wrote an article prodding the auto industry for not building the 100 m.p.g. Now, of course, Bright Automotive is ready to unveil the IDEA, with the expectation it will have 50,000 ready for sale in 2013. have plans to bring plug-in commercial trucks to market next year.

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Battery metal price plunge is closing mines and stalling deals – ET Auto

Baua Electric

A meltdown in some of the most-hyped energy-transition metals is wreaking havoc across the mining world, stalling projects, scuppering deals and triggering a scramble for cash that promises to reverberate through the industry for years. The auto industry had shown signs of becoming an key source of funds, as companies such as Ford Motor Co.

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