article thumbnail

IHS Markit: average age of cars and light trucks in US rises again in 2019 to 11.8 years

Green Car Congress

From 2008-2013, however, the increase was 12.2%. This represents one of the highest annual increases the US auto industry has seen since IHS Markit began tracking VIO growth—second only to the 2.3% While the decrease in light vehicles 12-15 years of age looks alarming, it relates to the drop in sales due to the recession.

Light 268
article thumbnail

IHS Markit: average age of light cars and trucks in US rises again in 2016 to 11.6 years; record number in operation

Green Car Congress

This represents the highest annual increase the auto industry has seen in the US since it began tracking VIO growth, breaking the record of 2.1% The recession created an acceleration beyond its traditional rate due to the nearly 40 percent drop in new vehicle sales in 2008-2009. growth set in 2015.

Light 150
article thumbnail

USABC awards Cobasys $8.4M for the development of high-energy density Li-ion cells and packs for EVs

Green Car Congress

SB LiMotive was established in September 2008 as a joint venture between Bosch and Samsung SDI. At its location in Germany, SB LiMotive has built up a global team for sales, marketing, and management of key accounts. Cobasys, with two sites in Orion, Mich., and Springboro, Ohio, was acquired by SB LiMotive in 2009.

Li-ion 186
article thumbnail

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

Green Car Congress

As required by the loan agreements signed in December 2008, GM and Chrysler submitted their updated restructuring plans showing a pathway to achieve financial viability to Congress on Tuesday. 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

Chrysler 150
article thumbnail

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. • MORE: "How to Build a 100 Mile-Per-Gallon Car. Yep, a truck.

IDEA 57
article thumbnail

GM, Segway to Make Vehicle - WSJ.com

Tony Karrer Delicious EVdriven

Order a reprint of this article now APRIL 7, 2009 GM, Segway to Make Vehicle Article Video Comments more in Auto Industry News » Email Printer Friendly Share: Yahoo Buzz facebook MySpace LinkedIn Digg del.icio.us NewsVine StumbleUpon Mixx Text Size By SHARON TERLEP General Motors Corp. is teaming with Segway Inc.,

GM 57
article thumbnail

China puts its electric vehicles on center stage - China automotive news

Tony Karrer Delicious EVdriven

You can search for auto parts by OEM Number or reference number , and get result in both Product and Catalog list. Gasgoo.com | ?? | All rights reserved.

China 28