(Source:
J.D. Powers
and Associates)
GM Ready to Produce
Hydrogen Fuel Cells DETROIT (July 5,2007) - General Motors Corp. is moving more than 500 fuel
cell experts from its advanced development laboratories to core
engineering functions to prepare this technology for future production of
hydrogen fuel cell vehicles. The transition is aimed at expediting the
company's efforts to produce fuel cell vehicles, such as the Chevrolet
Sequel and Equinox, that will help displace petroleum through energy
diversity. "Eight years ago, we said that hydrogen fuel cell electric vehicle
technology could make a major contribution to solving the energy and
environmental challenges facing the automobile industry," notes Larry
Burns, GM's vice president, Research and Development. "Today's
announcement signals another important milestone as we move fuel cell
vehicles closer to future production." More than 400 fuel cell engineers will report to GM's Powertrain Group to
begin production engineering of fuel cell systems. Another 100 will
transfer to GM's Global Product Development organization to start
integrating fuel cells into future company vehicles. In addition, more
than 150 fuel cell scientists and program support will remain as part of
GM's Research and Development Center to continue advanced research in
hydrogen storage, fuel cells and program commercialization.
(Source: GM)e-Cataloging Made Easy DOWNERS GROVE, IL (July 6, 2007) - One of the major challenges facing
aftermarket suppliers, especially companies without automated e-catalog
(e-cat) systems, is getting properly formatted electronic files into e-cat
systems. For suppliers like G&B Distribution, Vertical Development
Inc.'s (VDI's) e-Publisher catalog management system is one solution -
enabling the company to not only overcome that challenge, but also gain
additional business in the process.
Vertical Development's e-Publisher program is ideally suited to
all types of companies, including companies automating their
systems for the first time. By consolidating part numbers from
multiple spreadsheets into a single user interface, they enable
companies to map to AAIA standards, generate catalogs in print and
on CD, and offer online lookup systemsranging from small 32-page
catalogs to 3,000-page megacatalogs. |
Founded more than 25 years ago, G&B has grown to become a global
supplier of genuine OE automotive parts, including hub bearing assemblies,
window lift motors, window regulator assemblies, wiper motors, door lock
actuators, fuel sending units and regulators, engine cooling motors, idle
speed actuators and more. A major part of the company's growth has
occurred over the past five years, as G&B expanded coverage in its
popular line of hub bearing units. "Late last year, we recognized that our most immediate need was to
get into the electronic side of cataloging," says Ken Lark, G&B's
vice president of Sales and Marketing. Using e-Publisher software, G&B completed VDI input spreadsheets for
its hub data, consolidating and linking the data to create a single
relational database with 170-plus part numbers. The system's unique
mapping process enabled the company to export files meeting AAIA ACES,
Activant Solutions, WHI (Wrenchead) and other e-cat formats. In addition,
VDI's on-site training allows G&B to do future updates to its system,
as well as publish print and electronic catalogs in-house. "With VDI's help, we've already submitted data in ACES format to
Activant and Wrenchead," explains Lark. "That's incredible,
especially considering that we made the decision to automate our system
less than four months ago."
(Source: VDI) GM Sells Allison Transmission for $5.6 Billion NEW YORK (June 28, 2007) - General Motors Corp. (GM) announced that it has reached a definitive agreement for the company to sell its Allison Transmission business unit to Onex Corp. and private equity firm The Carlyle Group for approximately $5.6 billion. The transaction is structured to preserve GM's and Allison's competitive strengths in their respective product lines. It is expected to close as early as the third quarter of this year, pending union and regulatory approval. The sale covers substantially all of Allison Transmission, including seven manufacturing facilities in Indianapolis, and its worldwide distribution network and sales offices. Excluded from the sale is the Allison production facility in Baltimore, which is dedicated to the production of conventional and hybrid 2MODE transmissions used in GM's retail pick-up trucks and sports utility vehicles (SUVs). It will remain with GM. "This is another important step to strengthen our liquidity and provide resources to support our heavy investments in new products and technology," says Rick Wagoner, GM chairman and CEO. "At the same time, this sale will position Allison for growth with strong partners in Carlyle and Onex, which have well-established track records of working effectively with their management teams, unions and employees." Seth Mersky, managing director of Canada-based Onex says his team believes that "Allison is poised for excellent growth in its sector, with the increasing rate of adoption of automatic transmissions in commercial vehicles, both in North America and abroad. Allison's exceptional reputation for product quality and reliability, its strong brand and talented management team, provide it with a competitive advantage that will allow the company to capture that growth."
(Source: Allison
Transmission) Small Business Chugs Along: No Signs of Recession
WASHINGTON (June 12, 2007) - According to the National Federation of Independent Business' (NFIB's) "Small-Business Economic Trends," a monthly survey of small-business owners' plans and opinions, small businesses held their own during May, showing neither excitement nor anxiety over the state of the economy. Their outlook, as measured by the NFIB's Small-Business Optimism Index (SBOI), edged up four-tenths of a point from April to 97.2 (compared to the index's 1986 baseline of 100). In general, most small-business owners expect to see improvement in sales, employment, capital spending and expansion opportunities. In addition, the SBOI suggests that a recession is not in the offing. According to NFIB, the SBOI has been consistent in anticipating the approach of recessions throughout its 34-year history. NFIB Chief Economist William Dunkelberg says that the survey "has anticipated solid gains all year."
Small-Business Optimism IndexOptimism
ComponentsNet
%ChangeChangeApril
07 To May 07Plan
to increase employment130Plan
to increase capital outlays*290Plan
to increase inventories0 -3Expect
economy to improve-3+5Expect
higher real sales16+2Current
inventory-6-3Current
job openings*24-2Expected
credit conditions-6+1Now
a good time to expand*120Earnings
trends-15+4*Note:
These components are measured as actual percentages of all
respondents and are not net percentages. A net percentage is the
percent positive minus percent negative. (Source:
NFIB)
Chery, Chrysler Finalize Agreement BEIJING (July 3, 2007) - Chrysler Group President and CEO Tom LaSorda and Chery Automobile Co. Chairman and President Yin Tongyue have finalized a cooperative agreement between the two automakers. Under the agreement, Chrysler and Chery (based in Wuhu, Anhui Province, China) will work together to develop, manufacture and distribute Chery-made small and sub-compact cars in North America, Europe and other major automotive markets under the Chrysler Group brands. Chrysler will identify several small-car models, now being developed by Chery in China, and work collaboratively to make any necessary branding and regulatory modifications prior to their entry into other markets. Both companies also will jointly develop new globally competitive products based on future Chery small-car platforms. The DaimlerChrysler supervisory board approved the framework for the agreement earlier this year. Chinese governmental authorities from the State Development and Reform Commission officially approved the agreement, and marked the occasion by hosting a first-of-its-kind signing event. Strategic growth in international markets - while defending market share in North America - is an important part of Chrysler Group's recovery and transformation plan, according to LaSorda. "This is the start of a very long relationship between Chrysler and Chery," he adds. "Chery's participation in this agreement and their focus on small and sub-compact cars will have a nearly immediate effect on Chrysler Group's offerings in the small-vehicle segments. This strategic partnership is part of a new business model that is allowing us to introduce all-new products more quickly, with less capital spending."
(Source: DaimlerChrysler)