Wednesday, November 10, 2010
RelaDyne launched to provide first-of-its-kind equipment reliability products and services platform in U.S. lubrication markets
CINCINNATI, Nov. 10, 2010 /PRNewswire/ -- A rapid transformation is taking place among commercial and industrial businesses that rely on critical manufacturing, transportation and process equipment in the United States, prompting an unprecedented response from four leading lubricant product and services companies. Backed by the international private equity investment firm AEA Investors LP, the four businesses have joined forces to form RelaDyne, Inc. The new company offers an industry-leading comprehensive platform of products and services to fulfill the unmet customer needs of industrial and commercial equipment users, as well as service centers in the automotive sector.
Audi A8 Hybrid To Debut In 2012 With Four Cylinder Engine
Audi is getting ready to launch an A8 Hybrid with a four-cylinder engine that will compete with the upcoming Mercedes-Benz S250 CDI, which uses a 4-cylinder diesel motor, and the S400 Hybrid.
With a front-drive only V6 version of the A8 already on sale, the 4-cylinder hybrid model is a naturally progression for that brand, while still maintaining the premium positioning that luxury hybrids enjoy.
With a front-drive only V6 version of the A8 already on sale, the 4-cylinder hybrid model is a naturally progression for that brand, while still maintaining the premium positioning that luxury hybrids enjoy.
TIREMAX Awards Multiple Franchises in Less Than a Month
"We take great pride in growing our brand the right way, and we are passionate about providing the best customer service," said Christopher T. Wilkerson, president of The TIREMAX Corporation. "Additionally, we are committed to meeting our objectives to expand geographically and markets are selling fast. If we stay on our current track, we'll awarded 10 additional franchisees in the southern U.S. by the end of the year."
According to PricewaterhouseCoopers, the automotive franchise industry, excluding dealers, generates around $25 billion in sales annually and employs over 175,000 people in 35,600 franchise establishments. And, the decline in new car sales can be viewed as good news for the auto franchise industry.
According to PricewaterhouseCoopers, the automotive franchise industry, excluding dealers, generates around $25 billion in sales annually and employs over 175,000 people in 35,600 franchise establishments. And, the decline in new car sales can be viewed as good news for the auto franchise industry.
Analysts Ratings: Goldman Sachs Group Inc. (NYSE: GS) Boosts Estimates on TRW Automotive (NYSE: TRW)
Equities research analysts at Goldman Sachs Group Inc. (NYSE: GS) boosted their earnings per share estimates on shares of TRW Automotive (NYSE: TRW) in a research note to investors on Friday, with a “neutral” rating.
TRW Automotive Holdings Corp. (TRW Automotive) is a diversified supplier of automotive systems, modules and components to global automotive original equipment manufacturers (OEMs) and related aftermarkets. It conducts all of its operations through subsidiaries. These operations primarily encompass the design, manufacture and sale of active and passive safety related products. Active safety related products principally refer to vehicle dynamic controls (primarily braking and steering), and passive safety related products principally refer to occupant
TRW Automotive Holdings Corp. (TRW Automotive) is a diversified supplier of automotive systems, modules and components to global automotive original equipment manufacturers (OEMs) and related aftermarkets. It conducts all of its operations through subsidiaries. These operations primarily encompass the design, manufacture and sale of active and passive safety related products. Active safety related products principally refer to vehicle dynamic controls (primarily braking and steering), and passive safety related products principally refer to occupant
CHINA AUTOMOTIVE SYSTEMS, INC. LIFTED TO BUY AT GLOBAL HUNTER SECURITIES, SHARES UP (CAAS)
Nov 10, 2010 (SmarTrend News Watch via COMTEX) -- China Automotive Systems, Inc. (NASDAQ:CAAS) was upgraded from Neutral to Buy at Global Hunter Securities Wednesday.
Global Hunter Securities has a price target of $18.50 for the firm.
China Automotive Systems manufactures power steering systems and other related products for different segments of the automobile industry in China.
Global Hunter Securities has a price target of $18.50 for the firm.
China Automotive Systems manufactures power steering systems and other related products for different segments of the automobile industry in China.
Honda takes Japan Car of the Year
Honda's sporty CR-Z Hybrid has been voted Japan's Car of the Year by a panel of influential automotive journalists.
Honda took the 2010-2011 award on November 9, after narrowly missing out on the gong last year when it lost to Toyota for the hybrid Prius.
The CR-Z which retails for Y2.268 million (€19,985) in Japan, was unveiled earlier this year and touted as the first hybrid sports car, managing to travel 25 km per liter of fuel.
Honda took the 2010-2011 award on November 9, after narrowly missing out on the gong last year when it lost to Toyota for the hybrid Prius.
The CR-Z which retails for Y2.268 million (€19,985) in Japan, was unveiled earlier this year and touted as the first hybrid sports car, managing to travel 25 km per liter of fuel.
SOUTH KOREA: FTA compromise will not hurt Korean industy say analysts
South Korean trade delegates have backed down on a number of automotive regulations in talks with their US counterparts this week although analysts say this is unlikely to have a significant impact on the country’s carmakers.
South Korea’s apparent compromises on automotive clauses in the Korea-U.S. free trade agreement sparked domestic criticism from the opposition parties and civic groups, but industry experts say that the effects on the domestic industry will be limited.
The Korean side is reported to have conceded to putting a 5% cap on customs refund on automobile parts that are imported and used in exported vehicles.
Unlike Korea’s trade pact with the E.U., such a clause was not included in the original Korea-U.S. FTA.
While the change may not deal significant damages to Korean carmakers, US OEMs could stand to gain from some apparent backtracking on environmental regulations.
According to reports, Seoul is reviewing exempting up to 10,000 vehicles each year from the new fuel economy and greenhouse gas emission standards that will go into effect in 2015. Korea had originally intended to exempt brands with an annual sales figure of less than 1,000 units from the new rules.
From 2015, vehicles able to seat 10 or less people will be required to either meet the 17 kilometers per liter fuel economy standard or emit less than 140 grams of carbon dioxide per kilometre.
While U.S. carmakers will be exempt from strengthened rules, industry officials say that it is too early to predict the extent of the advantage gained and that it will not be lopsided.
According to Korea Automobile Manufacturers Association (KAMA) data, Hyundai Motor Co.’s plant in Alabama produced about 230,000 vehicles during the first nine months of the year, while Kia Motors Corp.’s facility in Georgia rolled out 96,000 vehicles during the same period.
South Korea’s apparent compromises on automotive clauses in the Korea-U.S. free trade agreement sparked domestic criticism from the opposition parties and civic groups, but industry experts say that the effects on the domestic industry will be limited.
The Korean side is reported to have conceded to putting a 5% cap on customs refund on automobile parts that are imported and used in exported vehicles.
Unlike Korea’s trade pact with the E.U., such a clause was not included in the original Korea-U.S. FTA.
While the change may not deal significant damages to Korean carmakers, US OEMs could stand to gain from some apparent backtracking on environmental regulations.
According to reports, Seoul is reviewing exempting up to 10,000 vehicles each year from the new fuel economy and greenhouse gas emission standards that will go into effect in 2015. Korea had originally intended to exempt brands with an annual sales figure of less than 1,000 units from the new rules.
From 2015, vehicles able to seat 10 or less people will be required to either meet the 17 kilometers per liter fuel economy standard or emit less than 140 grams of carbon dioxide per kilometre.
While U.S. carmakers will be exempt from strengthened rules, industry officials say that it is too early to predict the extent of the advantage gained and that it will not be lopsided.
According to Korea Automobile Manufacturers Association (KAMA) data, Hyundai Motor Co.’s plant in Alabama produced about 230,000 vehicles during the first nine months of the year, while Kia Motors Corp.’s facility in Georgia rolled out 96,000 vehicles during the same period.
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