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Auto supplier turns trouble to triumph by venturing into turbines The Detroit Free Press Share     John Holcomb felt the cold winds blowing through the auto industry as early as 2006. But it took him three years and a dream to come up with a survival plan in which wind would play a big part. Holcomb hit upon alternative energy as a way to make a contribution to cleaning up the environment and keep a thriving business going. More
Boeing's 787 lifts its nose as first flight nears The Associated Press via The Seattle Times Share
Boeing pilots taxied the aerospace giant's new 787 jetliner down a runway at low and high speeds and simulated a rejected takeoff, lifting the much-anticipated plane's nose off the ground. The maneuvers performed Saturday were the last tests before the jet's imminent first flight. "Our pilots told me the airplane performed beautifully," said Mike Delaney, vice president and chief project engineer for the 787. More Chinese company seeks to make old Saab models The New York Times Share
As some of the world's best-known auto brands stumble in the global downturn, the Chinese auto industry is again on the prowl for bargains. This time, Beijing Automotive Industry Holding is moving to get a piece of Saab, striking a tentative accord on Sunday for the right to produce versions of the beleaguered Swedish manufacturer's older models in China. More Gas-electric car sales expected to rise in '10 The Detroit News Share
Sales of fuel-efficient gas-electric hybrids are expected to rise next year, outpacing the U.S. auto market's overall growth, according to a new forecast. Automotive research firm Edmunds.com predicted U.S. auto sales would recover modestly next year, to 11.5 million cars and light trucks from an estimated 10.3 million this year. Its forecasters expect hybrids to outperform the market, even though they cost more, on average, than comparable gas-powered models. More
Record steel output Global Times Share
Boosted by the government's economic stimulus package, both crude steel output and consumption in China are expected to hit a record high in 2009, said Qi Xiangdong, deputy secretary-general of the China Iron and Steel Association (CISA), at a recent forum in Shanghai. More AMT Says Obama Proposals Would Help Manufacturing Industry Week Share
Congress should move to implement provisions of the Obama administration's plan to create jobs and help manufacturing, the Association for Manufacturing Technology (AMT) declared. Two provisions particularly important to U.S. manufacturers, said AMT President Douglas Woods, are a one-year extension of enhanced Section 179 expensing for small businesses and a one-year extension of the 50 percent bonus depreciation incentive for new capital equipment purchases. More Spyker said to lead Saab bids as Beijing buys assets Bloomberg Share
General Motors Co. has adjusted its plan for Saab to focus on selling the Swedish unit, with Spyker Cars NV emerging as a frontrunner, according to people familiar with the situation. Spyker, the Dutch maker of $235,000 sports cars, was negotiating details of an agreement with GM over the weekend in Zurich, said two people, who asked not to be identified because the talks are confidential. More VW and Suzuki plan joint car for India Car Advice News Blog Share
With Volkswagen's purchase of Suzuki shares both companies are now planning to develop a new small car aimed at the Indian market that would cost between $4,300 and $5,400. India's top passenger car maker is Maruti Suzuki who Suzuki is parent company of, and are looking for a replacement car for the top selling Alto. More |
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