Supplier Struggles Threaten Automakers
from The Detroit Free Press
 Growing distress in the auto parts sector threatens the taxpayer-funded turnaround plans at General Motors Corp. and Chrysler Group LLC, as well as those at healthier automakers such as Ford Motor Co., industry experts say. During the past two years, more than 50 suppliers nationwide have filed for bankruptcy. It's hard to say how many others, such as Nicholas Plastics near Grand Rapids, Mich., have simply closed. More 
Sweden is Unsure, but Saab Finally Seems Sold by GM
from New Europe
Swedish automobile-maker Saab is being sold to the Swedish small luxury sports car manufacturer Koenigsegg, Saab's US parent company General Motors and Koeniggsegg announced, but not everyone seemed convinced about the deal and how beneficial it would be. No mention was made of a sale price in the joint announcement, which said the deal would be completed in the third quarter of the year. More
Is Chrysler Too Big a Mess for Fiat's Turnaround Artist?
from Time
Whenever Sergio Marchionne talks about his latest calling--fixing auto companies written off as basket cases--he doesn't sound anything like most auto types. For a start, he's a lawyer and an accountant rather than a car engineer, and instead of getting bogged down in long discussions about the merits of one particular type of engine or gearbox, he likes to talk about Apple. More
Tomorrow's Auto Industry
from The Washington Post
The rapid turnarounds at GM and Chrysler are being accomplished with government involvement and because a majority of industry stakeholders agreed, in advance, to painful sacrifices. More important, taxpayers -- who are providing billions of dollars to preserve a critical U.S. manufacturing sector -- now have a right to ask: How will this be different than previous attempts at restructuring? More
Survival Advice for Auto Part Suppliers
from BusinessWeek
It is adapt-or-die time for many of the 10,730 small businesses that are lower-tier suppliers to the auto industry, and close to 400,000 jobs may be on the line. But while the situation is daunting, it's also a time of unprecedented opportunity for entrepreneurs willing to shake up their firms and think creatively, experts say. More
Small Carmakers Seek Profit in Detroit's Woes
from The New York Times
As if Detroit didn't have enough worries. In addition to the recession, and the bankruptcies of Chrysler and General Motors, a new threat has appeared in the rearview mirror. Many smaller automakers are gaining a bigger share of the market, most notably Hyundai and Kia. Together, the two Korean brands, which are both owned by Hyundai, hold 7.3 percent of the American market. More
Chrysler to Resume Production at Seven Assembly Plants
from Reliable Plant Magazine
One week after finalizing its global strategic alliance with Fiat Group, Chrysler Group LLC announced that it will resume volume production of vehicles with the start up of seven of its North American assembly plants the week of June 29. More
Free Guide for Turbine Blade Makers, Repairers
from Machinery U.K.
A free 3M guide helps reduce costs and improve productivity for turbine blade manufacturers and repairers. 3M's Turbine Blade Application Guide (TBAG) helps turbine engineers find the abrasives, finishing media, high temperature textiles, adhesives, personal protection systems and air tools suitable for the most demanding turbine applications. More
|
|
