Will car sales rebound to salvage U.S. ethanol targets?

The writing appears to be on the wall for the US corn-based ethanol industry.   After recording a compound annual growth rate of more than 21% in the past decade, production of the so-called first-generation biofuel has peaked and is expected to fall in the coming years.   In a report titled 1st Generation Ethanol Under Pressure, Credit Suisse Analyst Mary Curtis says the US industry faces a number of formidable challenges.