March 2006

March 27, 2006 Automotive News - Denso sets up China plant for Korean clients
“A member of the Toyota Group is setting up a plant in China to supply parts expressly to Korean carmakers. Denso Corp. has set up a new company in Tianjin, China, to make instrument clusters. Toyota Motor Corp. owns 22.9 percent of Denso...”

March 27, 2006 Automotive News - Honda takes Civic to China
“Honda Motor Co. has begun assembling the Civic in China. The Civic is built at Honda's joint venture with Dongfeng Motor Group Co. in the central China city of Wuhan. Honda aims to produce and sell 50,000 Civics here this year...”

March 20, 2006 Canadian Plastics - GE Toshiba Silicones will open plant in China
“GE Toshiba Silicones (GETS) will open a silicones manufacturing facility in Nantong, Jiangsu province of China, at the end of 2007. The new plant, which will cost US$78 million, will be the largest GETS facility in China. The facility will produce plastic/rubber products for a wide range of applications, including the household appliance, automotive and packaging industries...”

March 20, 2006 Automotive News - Nissan opens research facility in China
“Nissan Motor Co.'s Chinese joint venture opened a technical center on Monday, saying localization of the development process would help it sharpen its competitive edge in the fast-growing market...”

March 20, 2006 Automotive News - BorgWarner opens parts assembly plant in China
“Auto parts maker BorgWarner Inc. said on Monday it has opened a turbocharger and transmission component assembly plant at its manufacturing facilities in Ningbo, China, to meet growing heavy truck demand in Asia...”

March 15, 2006 The Record - Toymaker Mega Bloks to cut 350 jobs in U.S.
“Toymaker Mega Bloks Inc. (TSX: MB) will cut 385 jobs, 350 of them in the United States, and move production to China as it realigns the operations of its New Jersey-based arts and crafts making unit Rose Art Industries Inc. In a competitive global market, we must focus on our core competencies,'' CEO Marc Bertrand said in a statement yesterday announcing the streamlining...”

March 13, 2006 Automotive News - Adviser’s tips for China investments: Be realistic, know culture
“Automakers and suppliers are scrambling for a slice of China's emerging automotive market. But costs, questionable joint-venture partners and infrastructure problems can pose challenges to U.S. companies.
Robert Partridge Jr., who leads Ernst & Young's transaction advisory services for China, advises companies to be realistic about the market; place some of their own staff there to augment local workers; and be sensitive to the culture. He spoke about these issues with Special Correspondent Greg Migliore...”

March 13, 2006 Automotive News - Ford will build Volvos in China
“Ford Motor Co. will start assembling the Volvo S40 mid-sized sedan in China during the last week of April, supplier sources say... The S40 will face stiff competition from other locally assembled models such as the BMW 3 series, the Audi A4 and the Mercedes C class...”

March 6, 2006 Automotive News - China is becoming key player in global auto electronics
“Recent moves by some major players signaled the beginning of a new era for China's electronics industry. China no longer is merely a place to churn out low-tech, high-labor components. It is fast becoming an important source of automotive electronics for the global market...”
 

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