Automotive News - October 2003
Brose Group will invest over 40 million Euros to construct and equip a new
Czech plant for closure systems and seat adjusters. The Czech government
agency for support of foreign direct investments, CzechInvest, said the
factory would create new 150 jobs in the eastern town of Novy Jicin by
2007. The plant will export to Germany, Belgium, Sweden and Italy and its
main customers will be DaimlerChrysler, Lear, Johnson Controls, Faurecia,
BMW, Opel and Fiat.
Faurecia has opened a new R&D Centre in Germany, devoted to the design and
development of instrument panels and cockpits. The new centre is located
at Hagenbach (Rhineland-Palatinate) and employs 550 people. The project
represents an investment of €20 million. Faurecia claims world leadership
in the supply of seats, cockpits, doors, acoustic modules, front ends and
exhausts. It is present in 27 countries and employs 59,000 people in 160
sites.
Fiat's market share in Italy slumped to historic lows in September and its
sales growth lagged the overall market as the carmaker struggled through a
transition month when it launched new models. The group's cars accounted
for 27.15 % of new vehicles sold in Italy during September, down from
30.28 % in August and barely above June's all-time low of 26.96 %. A Fiat
spokesman said the market share dip was no surprise as two new small cars
only went on sale on September 6 and 13.
Ford’s German unit plans to cut a further 1,700 jobs by the end of this
year through early retirement as Ford's European business seeks to cut
costs. Ford Europe posted a $525 million loss in the second quarter, and
its chief executive quit in August. Ford is also cutting 3,000 jobs at its
Belgian Genk plant, as it scrapped plans to produce the new generation of
its Focus brand there in order to slash costs and return to profit.
Ford is to invest $500m over the next few years to make Thailand a
stronger part of its Asian strategy. It will set up a Southeast Asia
regional HQ in Thailand and boost production capacity through its 8 year
old truck making venture with AutoAlliance from 135,000 to 200,000
vehicles annually. Ford will also invest $50m to expand production in the
Philippines.
GM is predicting that China will be the world’s second-largest automotive
market in 5 years, and will be the global focus of growth for the auto
industry over the next 10 years. Frederick Henderson, president of GM
Asia-Pacific, predicts that the Chinese total vehicle market should reach
4.4 million units next year up 29 % on last year.
Hella says it is developing an innovative factory and logistics concept at
its new manufacturing site in Koovce, Slovakia. The groundbreaking
logistics concept facilitates production control, storage and transport
organization and material allocation planning. It is designed for an
increasing number of model variants and shorter product life cycles. It
also facilitates requirements for small production quantities. The
software planning tools were developed by Hella's own manufacturing
development team.
Hino Motors and Isuzu Motors have reached an agreement to establish a
holding company to consolidate control over their bus manufacturing
subsidiaries. This consolidates the initial agreement that began in 2002,
which is operating under the banner of J-Bus Limited. The companies will
merge during October 2003. J-Bus is a 50/50 venture between Hino and
Isuzu. It is headed by President Tadayoshi Nakane (Hino) and Vice
President Goro Miyazaki (Isuzu).
Jaguar has denied reports that one of its three plants in Britain will be
closed. Speculation has been mounting that its Brown's Lane plant near
Coventry will be shut down, so threatening 1,500 jobs. The plant has been
making cars for 50 years and has now produces the latest all aluminium XJ
luxury car. Brown’s Lane is also viewed as the brand's spiritual home.
Mitsubishi will invest $90 million in a production line for a new series
of car engines jointly developed by DaimlerChrysler and Hyundai.
Mitsubishi, in which DaimlerChrysler holds a 37% stake, plans to produce
the engines at its Shiga factory in western Japan from spring 2005. The 3
car makers announced the "World Engine" project to jointly design, develop
and engineer 4-cylinder engines of 1.8, 2.0 and 2.4 litres. The US site
for production will be Dundee, Michigan.
Nissan Diesel Motor - the Japanese truck maker says its main banks and
main shareholder Nissan Motor will give it $957 million in financial aid.
Reports of a bail-out lifted the truck maker's shares by more than 10 %.
Nissan Motor owns 22.5 % of Nissan Diesel. The company now expects a net
loss of 44 billion yen for the year. As one of Japan's weakest truck
makers, it struggles under a pile of interest-bearing debt - at 390
billion yen roughly equal to its revenues last year -- left over from the
bubble years after which domestic truck demand sank
Pininfarina has signed a deal with Volvo to build its next convertible.
The car, which is due on sale in 2006, will be built at Volvo’s plant in
Uddevalla, Sweden which currently handles the C70. The new car will use
the C1 platform from the next Volvo S40 / Ford Focus / Mazda 3. The new
joint venture will be called Pininarina Sverige AB and will be a 60/40
venture with Volvo the majority owner.
Saab’s new 9-2X, all-wheel-drive, 5-door vehicle will be unveiled at a
special event in mid-December in conjunction with the Los Angeles Auto
Show. The 9-2X, which is based on the Subaru Impreza, will be offered in
two versions will be available, both with five-door body styles and
all-wheel-drive as standard. The entry level model will be powered by a
naturally-aspirated 2.5-litre ‘boxer’ engine and the top Aero model will
feature a 227 bhp, 2.0-litre turbo unit.
Tata Motors of India, says it has been selected as the "preferred bidder"
for South Korea's bankrupt Daewoo Corp's truck unit. Tata Motors expects
to sign an agreement next week and will begin due diligence thereafter.
Daewoo Commercial Vehicle Company is the second-largest maker of heavy
commercial vehicles in Korea with a market share of 26%. It produces
trucks, tractors and other utility vehicles.
Toyota aims to raise its share of China's fast-growing auto market to 10 %
by 2010 from just over 1% this year -- a target higher than the current
share of No. 2 player General Motors. Senior managing director Akio
Toyoda says he expects the Chinese auto market to expand to 5 million
vehicles a year by 2005 and to 10 million by 2010, up from 3.2 million
last year. "Future market growth will come from China's largest population
and land areas, growing economy and motorisation of its society," he said.
Toyota has struck as deal with FAW to set up a Nationwide sales network in
China. The deal, which needs approval of the Chinese government will make
Toyota the first foreign OEM to launch such a network. The 50:50
partnership is expected to be launched by year end and aims to capture 10%
of China’s auto market by 2010.
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On the lighter side .... some strange but true stories. |
A policeman in Perth, Australia was called out to a car fire and stunned
to find his own Ford Sierra in flames.
Traffic in Madrid, Spain was brought to a standstill recently by a wannabe
matador ‘fighting’ passing cars with his red jacket as if they were
bulls.
A teenage girl in Berlin, Germany ordered her dog to bite a traffic warden
who had just given her a parking ticket. When her Alsatian refused, the
girl bit the warden herself. She received a 6 month suspended jail
sentence and an $800 fine.
A garage in Lyon, France has removed its automatic car wash. The wash was
so powerful that it soaked people waiting in a nearby bus queue.
A dog that got tangled up in a rope and a dustbin, caused $2000 worth of
damage to a BMW 5-Series in Amsterdam after running around the car several
times.
An 81-year old woman in Ontario, Canada has failed her driving test for
the 6th time. During the first part of her test she reversed out of the
test centre and slipped down an embankment into a river.
A motorist in Florida who had 4 convictions for drink-driving pretended to
be a former neighbour when applying for a new driving licence. He was
promptly arrested as his former neighbour was a sex offender who had not
registered as required by state law.
Amanda Bishop, 24, of Houston, Texas was so nervous about taking her
driving test that she took belly dancing classes to help get rid of
butterflies in her tummy. It worked and she passed.
Parents at Sotra school in Norway, were shocked to see a 9 year old boy
driving a Mitsubishi Shogun. It turned out that a family friend,
alongside him in the passenger seat, had let him drive as a birthday
treat.
Police signs put up to warn holidaymakers about a spate of thefts from
vehicles at a beauty spot in Lille have all been stolen.
Kansas truck driver Chris Maynard has written a recipe book of food he has
cooked on top of his trucks engine. Recipes include stuffed mackeral and
spicy chicken.
A car thief in France tried to escape a chasing police car by driving a to
a garage and throwing away the car keys. When the police arrived they did
not know who to arrest until a member of the public called out to the
thief that he should take care because he seemed to have dropped his keys.
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