October 31, 2006 Plastics News - ATS Automation shuttering plant “ATS Automation Tooling Systems Inc. will close a custom injection molding plant in Canada and relocate production to other group facilities in Cambridge and Shanghai...”
October 30, 2006 Automotive News - Ford raises bar for China suppliers “Steven Hsieh is head of supplier technical assistance for Ford Motor Co.'s China sourcing operation. When Hsieh started his job three years ago, Ford sourced low-tech components that Ford designed. Now some Chinese suppliers have their own design and engineering capabilities...”
October 30, 2006 Automotive News - Ford to double China parts shipments “$3 billion worth to be sent to global assembly plants.. Ford Motor Co. will buy about $3 billion worth of parts in China this year and ship them to Ford assembly plants worldwide, says Chairman Bill Ford. That's about double last year's total...
October 16, 2006 Automotive News - GM says China sales up 36.7 percent “General Motors said today its vehicle sales in China rose 36.7 percent in the first nine months from a year earlier, and expected sales for all of 2006 to jump 30 percent. GM sold 645,680 vehicles via its two local ventures in the January-September period...”
October 9, 2006 Automotive News - Xiali sees 9-month net up 50-100% “Tianjin FAW Xiali Automobile Co. Ltd. said it expected its net profit to rise 50 to 100 percent in the first nine months of 2006 from a year earlier, boosted by higher sales. The profit outlook compared to 149.42 million yuan ($18.9 million) in the nine months through September of last year...”
October 3, 2006 Automotive News - Bricklin expects deal with Chery despite Chrysler “Entrepreneur Malcolm Bricklin expects to close a delayed deal with Chery Automobile even as the Chinese automaker finalizes the terms of a partnership with auto giant DaimlerChrysler AG. Bricklin said a DaimlerChrysler deal with Chery would not prevent the Chinese automaker from negotiating a separate joint-venture with Bricklin's Visionary Vehicles to sell cars in the United States...”
October 3, 2006 Automotive News - Jtekt's China growth steers toward steering “Jtekt Corp.'s growth in China increasingly will be centered on steering systems. That includes electric and hydraulic power steering, said President Kohshi Yoshida. In contrast, two or three years ago, Jtekt's China business was "a bearing and hub unit," he said...”
October 2, 2006 Automotive News - Chinese: Eager in Europe, cautious in U.S. “Two Chinese automakers preparing for vehicle sales in Europe say they're not coming to the United States - at least not yet. The U.S. market is too competitive, and meeting federal safety and emission standards is more difficult than in Europe...”
October 2, 2006 Automotive News - Xinkai targets SUV, sedan at Europe “Chinese carmaker Xinkai Automobile plans to sell a lower-medium sedan and an SUV in Europe within two years. Xinkai's European distributor, Eurauto, exhibited an Isuzu-derived SUV in Paris...”
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