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

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years, according to IHS Markit, a provider of business information and analysis for the global automotive industry. 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% million (2.4%) since last year. growth set in 2015.

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Plugless: first wireless charger to provide 1 million charge hours for PEVs

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This marks another “firsts” milestone for Plugless in the EV industry. Plugless continues to be the only wireless EV charger for sale to consumers in the world. In 2016 Plugless was installed on a fleet of a leading fully autonomous shuttlebus company based in Europe. 1 st wireless EV charging field trials.

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

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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% growth in 2016. For the aftermarket repair industry, however, there is also a positive trend with the oldest light vehicles on the road. million (2.2%) since 2018.

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Petrobras sells sugar, ethanol and petrochemical assets for US$587 million

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The Petrobras Board of Directors also approved the sale of Companhia Petroquímica de Pernambuco (PetroquímicaSuape) and Companhia Integrada Têxtil de Pernambuco (Citepe) to two subsidiaries of the Mexican company Alpek, for US$385 million. billion in the period 2015-2016—below the US$15.1-billion

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Volkswagen Group appoints new heads of Global R&D, Group Design, Group Product and Modular Toolkit Strategy

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The number of top managers reporting directly to the CEO has been almost halved, and new appointments to several posts will take effect in the first quarter of 2016. He was appointed Board Member for Engineering at Bentley in 2003 before taking over as Managing Director of the German Association of the Automotive Industry in 2012.

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Nissan launches expanded strategy for Brazil with new $1.4B manufacturing plant; Renault boosting production capacity there by 100,000 units

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billion) to construct a new manufacturing facility in Resende in the Brazilian state of Rio de Janeiro and develop, industrialize and launch new products. Today Nissan operates 117 retail outlets throughout the country, with a plan to increase that number to more than 239 by 2016. Nissan Motor Co., plans to invest 2.6 storage areas.

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Solazyme expanding renewable oil production capacity with JV partner Bunge, signs strategic collaboration agreement with ADM

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The expanded field and portfolio of oils would include certain tailored food oils for sale in Brazil, where Bunge is the largest supplier of edible oils through several of its retail brands. The algal oils produced in Clinton will be sold primarily to the industrial and nutritional markets in North America. Solazyme, Inc.,

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