Ford vows changes; red ink hits $9 billion
Hybrid production to double as company acts to lessen bottom-line reliance on SUVs and pickups.
Did you know that Hybrid car batteries use nearly 50 lbs of rare metals in them? What is a rare metal? Glad you asked. This is from the Avalon Ventures Website (An AGORACOM Client):
Rare Earth Elements neodymium, dysprosium and praseodymium used to make the super magnets
that are critical to the technology behind the rapidly growing hybrid and electric car markets.
REE’s are also critical in flat-screen TV’s, smart phones, solar panels and almost all consumer electronics. We all know about “Intel Inside” when it comes to PC’s and laptops – but wouldn’t it have been great to know that 20 years ago?
The next 20 years will be about “Rare Metals Inside” … and you know about it today. There aren’t very many
Rare Metals companies out there but I obviously believe in the future of Avalon Ventures. Avalon presently owns five rare metals and minerals projects in Canada, four of which are at an advanced stage of development.
Regards,
George
I really am following the development of Hybrid or Electric power vehicles closely as I feel that the change can be more swift than one actually anticipates.
If you look at what GM is quietly doing, trying to get into the automotive sports sector of the industry; whom many consider a testing ground for the innovations of automotive technology (traction control, ABS, better tire durability, fuel efficiency all emerged from sports racing) things are getting very interesting in this fragment of the market.
Zenn is another interesting car to watch not so much for the vehicle itself but for the battery that powers it.