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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 while VIO is up 1.5%, a rate the auto industry hasn’t seen in the US since 2004-2005. Because of improved quality and consumers holding their cars and light trucks longer, vehicles 12-plus years old continue to grow and will increase by 15% by 2019.

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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 GM has offered Saab for sale, and is requesting Swedish government support prior to any sale. GM will have a total of 36 nameplates in 2012, down 25% from 2008 levels.

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DOE Closes $465M Loan to Tesla Motors

Green Car Congress

The Palo Alto facility will assemble electric vehicle battery packs, electric motors, and related electric vehicle control equipment, both for Tesla’s own electric vehicles and for sale to other automobile manufacturers. The agreement was negotiated and signed by the Department’s Loan Programs Office. Energy Secretary Steven Chu.

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How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

Beginning in 2005, we excerpted individual statements of intentions by carmakers, but by the start of 2008, the number of comments became too numerous for us to track. We believe such production models could be available for sale in three years."Furia Daimler/Mercedes Took over Daimler/Chrysler Sprinter PHEV program.

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