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I think this is more a statement about the Detroit auto scene being objectively behind other areas. Yeah age discrimination plays a part but in this case it's actually justified as opposed to just being cheaper.

From TFA:

The syndrome, reported in 2011, gets its name from Detroit, and more specifically from its reputation as a manufacturing hub for automobiles, in which newer models would replace the older ones on a regular basis.

I.e., "replaced by a newer/younger model".

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