Aisin Technology Enhances Performance of GM ' New Variable Valve V6 Engine
May 27, 2003
DETROIT, May 27 -- Aisin World Corp. of America (AWA) today announced that it has started production and shipment of its Variable Valve Timing (VVT) System for General Motors' new 3.6L V6 engine to debut on the new 2004 model year Cadillac CTS in August, 2003. AWA President Junichi Nishimura said, "As a business partne ... Continue reading
Tower Automotive to Relocate Ford Ranger Frame Production from Milwaukee to Bellevue, Ohio
May 27, 2003
GRAND RAPIDS, Mich.--May 27, 2003-- Move will improve company's cost structure Tower Automotive, Inc. , announced today that it will relocate the production of high-volume frame assemblies for the Ford Ranger currently performed at its Milwaukee facility to its Bellevue, Ohio, business unit. This action is part of the ... Continue reading
China's Vehicle Imports More Than Double On Year
May 27, 2003
BEIJING May 27, 2003; Dow Jones reported that China's vehicle imports more than doubled on year in the first four months of 2003, driven by a surging domestic market for automobiles, state media reports, citing figures from the Ministry of Commerce. In the January-April period, imports of whole vehicles totaled 61,100 ... Continue reading
Microvision's Nomad Augmented Vision System Increases Mechanic Efficiency by 39% in Trial
May 27, 2003
BOTHELL, Wash.--May 27, 2003-- Use of Nomad System aimed at improving customer satisfaction Microvision, Inc. today announced that in a field trial of the Nomad Augmented Vision System at the American Honda Motor Company training center, Torrance, CA, Microvision and Honda measured average increases of 39% in the effic ... Continue reading
China Car Maker Brilliance Lowers Zhonghua Sedan Prices
May 27, 2003
HONG KONG, May 27, 2003; Reuters reported that Chinese automobile maker Brilliance China Automotive Holdings CBA.N said on Tuesday it had cut prices of its manual-transmission Zhonghua sedans by up to 6.5 percent to clear stocks before it launches a new version. "We have stock of about 1,500 manual sedans and we would ... Continue reading
Mitsubishi Motors Triples Profits On Turnaround With DaimlerChrysler
May 27, 2003
TOKYO May 26, 2003; Yuri Kageyamam writing for the AP reported that Mitsubishi Motors Corp. reported Monday that its profits for the fiscal year tripled to 37 billion yen ($317 million) as cost cuts and growing sales in North America offset its money-losing Japan operations. The profits for the fiscal year ended March ... Continue reading
Mississippi Shows That Southern Hospitality For Nissan Pick-up Factory
May 27, 2003
Atlanta Georgia May 26,2003; Betty Liu writing for the Financial Times.Com reported that on Tuesday May 27, 2003, Nissan will open a $1.4 billion plant in Canton, Mississippi, signalling the emergence of the Japanese carmaker in the competitive US pick-up truck market and highlighting Mississippi's aggressive approach ... Continue reading
Mazda to Stop Building Luxury Millenia
May 27, 2003
TOKYO, May 27, 2003; Reuters repeated that Mazda Motor Corp is set to withdraw from the luxury car market, business daily Nihon Keizai Shimbun said on Tuesday. Mazda, one-third owned by Ford Motor Co, will stop production of the Millenia -- its only remaining luxury model -- by the end of this year and halt sales by th ... Continue reading
S Korea Hyundai Motor, Kia Motor Merge Research Centers
May 26, 2003
SEOUL May 25, 2003; Dow Jones reported that South Korea's Hyundai Motor Co. and its affiliate Kia Motors Corp. have merged their research centers in an effort to reduce development costs, Hyundai Motor said Monday. Hyundai and Kia have moved their research centers in other parts of South Korea to Kyunggi province, near ... Continue reading
So Thats Where The Cans Go - China scrap demand squeezes U.S. aluminium producers
May 26, 2003
OSLO, May 26, 2003; Declan Conway writing for Reuters reported that strong Chinese import demand for aluminium scrap will cap output for secondary aluminium makers in the United States, as producers tackle pressured profit margins amid rising scrap prices, a U.S. secondary smelter said on Monday. "A shortage of alumini ... Continue reading
BMW sees brighter second half despite German gloom
May 26, 2003
CAGLIARI, Italy, May 25, 2003; Reuters reported that a gloomy home market continues to weigh on German luxury carmaker BMW (XETRA:BMWG.DE - News) but it still sees an upswing in the second half of the year, its chief financial officer said. "In Germany there is simply no confidence at the moment," Chief Financial Offic ... Continue reading
Mitsubishi Motors Corp. Reports Sales Projections
May 26, 2003
Tokyo May 26, 2003: Dow Jones Reported the Mitsubishi sales numbers. Year Ended March 31: GROUP 2003 2002 Sales Y3.885 tln Y3.201 tln Operating Profit 82.76 bln 40.23 bln Pretax Profit 54.34 bln 11.86 bln Net Profit 37.36 bln 11.26 bln Per share Earnings 25.35 7.66 Diluted earnings 23.43 7.42 Figures may differ from he ... Continue reading
Review 2003 Volkswagen Jetta GLI
May 25, 2003
DRIVING DOWN THE ROAD WITH CAREY RUSS There are plenty of small, reasonably-priced sports sedans available, but few of those could be called luxurious. Leave it to Volkswagen to add luxury touches to the compact sports sedan equation in its Jetta GLI. The Jetta is the most popular European-branded import in the country ... Continue reading
Ford Retired Execs to Mark Historic Piquette Plant
May 24, 2003
DETROIT, May 23 -- The Ford Retired Engineering Executives (F.R.E.E.) organization will help celebrate Ford Motor Company's centennial by mounting a memorial plaque at the historic Piquette Avenue Plant in mid-town at 10 a.m. Tuesday, May 27. The 400-strong Ford retiree group, chaired by former chief engineer Howard Fr ... Continue reading
BMW New 5 _ Potential Is a Heavy Burden
May 23, 2003
FRANKFURT, May 23, 2003; Nick Tattersall wrting for Reuters reported that It has jet-fighter style head-up displays, headlights that look round corners and uses infrared technology to keep its distance from the car in front while the driver just steers. BMW's new 5-series saloon car, to be launched in Europe in July, m ... Continue reading
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