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AUTOS WORLD NEWS
* In G.M.'s Sight Lines: Washington and Tokyo
New York,NY;USA -NYTimes, by WILLIAM J. HOLSTEIN -Dec 18, 2005: RICK WAGONER, the chairman and chief executive of General Motors, has announced plans to cut 30,000 jobs and to close several factories in an effort to stem the company's losses. He says GM is working hard on a turnaround but that some government policy changes would be helpful...
* GM to see improved revenue in 2006
STERLING HEIGHTS, Mich,USA -Reuters, by By Jui Chakravorty/USA TODAY -16 Dec 2005: General Motors hould see improved revenue in 2006, driven by its new line of full-size sport-utility vehicles and trucks, Chief Executive Rick Wagoner said Thursday...
* Car buyers bypass television adverts
Australia -The Australian, by Simon Canning-Dec 19, 2005: CAR makers may be wasting millions of dollars plunging the bulk of their advertising budgets into television, with a new survey claiming magazines, newspapers and the internet are more valued by car buyers for the information they deliver... The survey by AC Nielsen for Time Inc tracked key influences on car buyers for the six months in the lead-up to a car purchase...
* Give us the tech and Hyundai gets the land: Chinese
S.Korea -JoongAng Daily -Dec 20, 2005: Hyundai Motor Co., Korea's largest automaker, and its Chinese partner Beijing Automotive Industry Holding Co. are in a stalemate over the transfer of Hyundai's manufacturing technology, putting on hold the construction of the Korean company's second production plant in Beijing... The chinese state-run company BAIHC has asked it to transfer engine manufacturing technology in return for the land for a second manufacturing plant for the two companies' joint venture, Beijing Hyundai Motor Co...
* China to cut tariffs on cars
Beijing, China -Chinanews -16 Dec 2005: As 2006 approaches, China's tariff adjustment has drawn great attention recently. Jin Renqing, director of the Customs Tariff Commission of the State Council and the Minister of Finance, revealed that tariffs on imported autos such as sedans, minibuses and cross-country vehicles will be reduced from the current 30% to 28%. Tariffs on auto parts including gear-boxes, absorbers, radiators, clutches and redirectors will be cut from the prevailing 13% to 10%...
* Electronic components maker sets out stall in China
JAPAN -Just-Auto.com -19 Dec 2005: Japanese supplier Omron has opened a new automotive electronic components production and sales base in China... Omron Automotive Electronics will emply 80 in Guangzhou making window controllers from January 2006... Sales projections for the first year are CNY100m (US$12m), rising to CNY5bn yen in 2007 and CNY15bn for FY 2010...
* Honda Motor to mass produce next-generation solar cells
TOKYO,Japan -Nihon Keizai Shimbun -19 Dec 2005: Honda Motor said it will begin mass producing next-generation solar panels for household use from 2007... The Japanese giant declined to disclose the amount of new investment but the daily newspaper said the auto and motorcycle maker would spend some 86.5 million dollars on its factory in Kumamoto prefecture in southern Japan...
* BMW Turbosteamer Takes a Page from the Age of Steam
MUNICH,Germany -Global Auto Systems -Dec 16, 2005: BMW’s experimental Turbosteamer is harnessing heat to improve fuel efficiency and power in cars... A steam engine and modern automotive R&D would not seem to have much to do with each other. But BMW is using the same principle that worked for the 19th-century steam engine to improve efficiency in 21st-century cars... that technology ready for volume production within 10 years...
* Blue-collar workers turn backs on UAW
MARYSVILLE,Mich,USA -The Detroit News, by Louis Aguilar -19 Dec 2005: For more than a month, workers at a small auto supply plant outside Port Huron have fought bitterly to keep the United Auto Workers from organizing their shop... The blue-collar denizens at Schefenacker Vision Systems USA occasionally picket outside the factory -- carrying homemade signs with slogans like "UAW Kills Jobs" and "Proud to be union free"...
* Ford details severance deals
DEARBORN,Mich,USA -The Detroit News, by Bryce G. Hoffman -Dec 18, 2005: Ford Motor Co. disclosed newly revised severance packages for salaried employees Friday as the company prepares to lay off some 4,000 white-collar workers as part of a restructuring plan to be announced next month... Salaried workers who lose jobs will get lump sum depending on length of tenure, if they sign a waiver...
* Chinese firm eyes Delphi assets
USA -Automotive News -19 Dec 2005 : Supplier intends to become major player with American-made productsDelphi's pain could be China's gain. Lu Guanqiu, the ambitious chairman of Wanxiang Group, says he is negotiating with Delphi Corp. to acquire some of the financially troubled company's assets in the United States...
posted by Unknown @ 12:21 PM
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