Archive for the ‘Manufacturer’ Category
The original Hyundai Genesis sedan made quite the entrance into the premium car market, but the automaker’s luxury offerings will only become more ambitious in the next few years. Automobile Magazine recently talked with Hyundai’s John Krafcik, who shared a few interesting details on the automaker’s future in the U.S.
The continued success of the Hyundai Genesis sedan will start with available all-wheel drive. Krafcik says the new Genesis sedan that’s unveiled at the 2014 Detroit auto show will feel more “German.” In a Second Take review of a 2012 Hyundai Genesis 5.0 R-Spec sedan, we noted that the R-Spec model “lacks the high-speed handling feel that its name indicates, but not once was it difficult to keep the car on its intended course.” We also had minor issues with the quality of certain interior parts of the R-Spec sedan, which accelerated from 0-60 mph in 4.8 seconds.
Krafcik told Automobile that the new Genesis will be more traditional — perhaps making that possible is a boldly styled coupe-like four-door. Using a few basic design elements from the controversial HCD-14 concept from the 2013 Detroit auto show, a coupe-like four-door Hyundai priced right could help the automaker steal customers away from cars like the BMW 6 Series Gran Coupe, Mercedes-Benz CLS, and Audi A7.
Those who want a real coupe, however, may still consider the Hyundai Genesis two-door. While the current car can’t fit a V-8 under its hood, Krafcik says the next-gen Genesis Coupe may offer power from a turbocharged 3.0-liter V-6 or even a naturally aspirated V-8. Though Hyundai doesn’t distinguish sales of the Genesis coupe from the sedan, Genesis sales pale in comparison to other rear-drive coupes like the Chevrolet Camaro and Ford Mustang as well as the Dodge Challenger.
November 1, 2011 by TSNN News When the Consumer Electronics Association’s International CES opens its doors Jan.
NEW YORK (Market Intellisearch) — Unusual volume of call and put contracts crossed the tape today. Total of 4,312 call contracts and 570 put contracts were traded in the marketplace. Today’s traded Put/Call ratio is 0.13. There were 7.56 calls traded for each put contract.
Summary of all Unusual Trading Activities
The following alerts were raised:
- Unusual Call Volume
- Unusual Put Volume
- Low Put/Call Ratio
A significant increase in the trading volume of a stock’s option often is a precursor of movement by the underlying stock. In such instances, Put/Call Ratio can be used as an investor sentiment indicator, where a high ratio implies that the overall investor sentiment is bearish and a low Put/Call ratio implies that the overall sentiment is bullish.
Shares of Advance Auto Parts edged up $0.68 (+1.11%) to $62.08. The stock closed at $61.40 in the previous trading session and opened today at $61.77. The price of the stock ranged between a low of $61.53 and $62.43 respectively. The trading volume of 575,987 is below the 90 day average volume of 904,944 shares. AAP is trading above the 50 day moving average. The stock’s 52 week low is $36.11 and 52 week high is $61.45. The stock has a P/E ratio of 18.53 and a dividend yield of 0.39%.
Price Performance Metrics for Advance Auto Parts: -- Week:Â Â Â Â 4.05% -- Month:Â Â Â 14.78% -- Quarter:Â 39.84% -- 6 Month:Â 53.10% -- Year:Â Â Â Â 45.74%
Magna International Inc. Chief Technology Officer Ted Robertson, said the rapid development of electric vehicles not only for the auto parts supplier and a potential risk, but also provide a huge return.
Electric vehicles will need a lot of new parts. Many current carburetor parts will repeat the mistake.
When the Magna Chairman FrankStronach told Robertson to design electric car, Robertson was his face on the complexity of surprised. He pointed out that electric cars have 13 new gasoline-powered car system was never used.
This includes control the high engine speed electric vehicles the special gear box, electric power steering and traction motor cooling fluid allow for recycling of electrical pumps, converters, battery and heater.
In an electric car at the informal meeting activities, Robertson told reporters an overview of a number of pure electric vehicles will disappear in the system. This includes fuel tanks and pipelines, as well as mechanical pumps. He said, “we will have with the electric pump and electric cooling system deal with.”
Still a lack of supplier
Find the parts, and other qualified electric vehicle parts supplier is not easy. This Just ask General Motors, you can know. GM’s Chevrolet Volt plug-in for the hybrid car has been battered to find suppliers, and the upcoming models on sale in November 2010.
GM Voltec project manager JohnFerris said: “The lack of major suppliers is comprehensive: the electrification of vehicles, power electronics, braking, drive and heating and cooling equipment, we are missing a major supplier.”
Ferris at the same meeting, told reporters, “We found that some suppliers had never been to the electrical goods for the automotive industry.”
Most auto parts suppliers are the traditional automotive parts and mechanical systems, drive shafts, belts and chains are the most common. If they want to Transferring electrical or electronic components, could face a high cost.
At the same time, in the automotive industry, new entrants, some consumer electronics manufacturers who have had parts, but they sometimes are not familiar with the automotive industry for large-volume, zero defect, crash testing and long-term warranty requirements.
Ferris Biao Shi, “In some cases, only a handful of (supply business) can Zhiliang, performance, technology and compliance (trade) volume of financial capability, Dadaoqiche product of Shengchannengli He Yaoqiu.”
Magna’s electric car plan
Magna is the largest auto parts supplier in North America (based on 2008 sales of original equipment parts), which is being jointly developed with Ford Motor Company a Focus-sized electric vehicles, Ford has been held in January over the Detroit Motor Show vehicles, and plans on sale in 2011. Magna is responsible for most vehicle power systems, including traction motors, transmission and vehicle controls.
In March at the Geneva Motor Show, Magna’s MagnaSteyr installed in their Mira (MilaEV) electric concept car debut. Mira electric vehicles (MilaEV) will not be a production vehicle, but the concept car for the Magna hopes to use some of the components found by the customer.
Cost-savings measures undertaken over the past 18 months and a gradual recovery in the U.S. economy will allow Canada’s automotive parts industry to return to profitability next year, according to a report yesterday from the Conference Board of Canada.
After losing $674 million in 2009, largely because of a worldwide recession and virtual collapse of the domestic auto industry, the board forecasts the parts sector will turn a profit of $378 million in 2011 with gradual increases over the next three years until profits hit $894 million by 2014.
The industry is expected to lose another $41 million this year before the recovery takes hold.
According to the report, U.S. vehicle demand is gradually recovering and cost-cutting measures implemented during the recession are improving the bottom line.
According to the report, the parts industry benefits from a high degree of collaboration with vehicle assemblers, as the just-in-time assembly process minimizes inventory carrying costs and assures financial stability through long-term contracts.
However, the large decline in auto sales during the recession exposed the downside of this relationship.
Employment is also expected to rebound, having fallen from an estimated 120,000 in 2006 to a current estimate of 89,000.
The board projects that employment will increase steadily over the next four years and reach 108,000 by 2014.
There are about 750 auto parts suppliers in Canada, with 33 of them employing more than 500 workers and about 240 medium-size companies with 20 to 500 employees, while the rest have fewer than 20 employees.
Modern society believes that cars are not luxury items but means of transportation. But if you are a teenager in high school, or a college student do you really think so? Or maybe your parents believe that you are old enough to become a responsible driver and should buy the car without major assistance. More likely you have not got any credit history yet, so the process of buying a first car turns into a night mare with lots of unpredictable obstacles.
The toughest question for most young people is how to get finance for the purchase. Trustworthy experts advise not to buy a car if you are not able to pay it off in 2 year. Remember that during all this time your expenses on the car will be higher than just the loan payment. You will also have to pay for gas, new batteries, oil and filters changes, and many other things. And the more expensive the car the more extra expenses it will take. So, are you still sure that you can afford that cool new car you have been dreaming about? Maybe you would better think about a used car for now? If you get a used Toyota Camry or Honda Accord from a reliable dealer it would likely run long without major repairs. But do not forget to get a Vehicle History Report on the Vehicle Identification Number. Besides it would not hurt if the mechanic that you trust examines the car. Those simple actions will help you to avoid unpleasant surprises when the deal is closed.
Planning the budget, remember about insurance rates that are often higher for teens. As it is illegal to drive without car insurance, it will become a noticeable part of your payments. The insurance rates beside your age also depend on the area you live in, local traffic situation and your annual mileage. In some case even car parts may affect your insurance. You may be required to use only OEM car parts which are often way more expensive than aftermarket parts.
As soon as you know what car you can afford, you have to decide your main budget source. Be ready to find out that it is not so easy to get a car loan with lack of credit history. Lenders will want to see that young customers have a stable monthly income and capable to pay bills in time. Thus, sometimes it is useful to establish your credit scores some month before buying the car.
Sometimes parents may come to the aid and become co-signers. Then, if you fail in the monthly payment, your parents will be responsible. But if both of you fail, your credit history will be hit as well as the credit score of your parent.
Got budget planned? Find a reliable place to make the deal. You can choose from a local dealership or a private seller, check numerous Internet stores and actions.
So now you are a happy owner of a car. But it is not time to relax. Remember that more teens die in car accidents than because of any other reasons. You do not want to contribute to this sad statistics, donâ€™t you? As soon as you are on the driverâ€™s seat you must understand that every your mistake can be fatal for you or somebody on the road. Nobody is protected! It may happen to everybody! The only thing you must do is to be very careful. There some simple well-known rules that may save your life. Do not think that you are the only person in the world that can resist physical law and avoid hitting the windshield in a case of a collision. Always use signals to let other drivers and pedestrians know about your plans. And never overestimate your driving skills! Even a single phone call or your tiredness may cause an accident.
Remember our simple hints. Buy car accessories to make your car stylish and enjoy safe driving.
Volkswagen has unveiled the Final Editions of the New Beetle and the New Beetle convertible at the Los Angeles Auto Show. The Final Editions will be limited to only 1,500 units each. The Final Editions come in special Aquarius Blue paint with a painted black roof on the coupe, and a two-tone Aquarius Blue and Campanella White paint scheme with a white top on the convertible.
Under the hood of both models is Volkswagenâ€™s 2.5-liter inline five-cylinder gasoline engine, with its ready-to-go 150 horsepower, and 170 lbs.-ft. of torque. A six-speed automatic transmission with TiptronicÂ® puts the power to the pavement, and can change gears on its own, or let the driver select each gear by tapping the selector up or down. With the automatic transmission, the New Beetle can achieve an EPA-estimated 20 mpg in the city, and 29 mpg on the highway.
The 2010 New Beetle Coupe and New Beetle Convertible Final Editions will be available for $20,240 and $27,170 respectively
Today, even as India stands on the cusp of another auto revolution as a global hub of small cars, there are signs that local manufacturing of car components will no longer enjoy a smooth ride
Nearly three decades ago, MarutiSuzuki India Ltd ushered in an automobile revolution in the country that led to the domestic auto parts industry.
Today, even as India stands on the cusp of another auto revolution as a global hub of small cars, there are signs that local manufacturing of car components will no longer enjoy a smooth ride.
In December 1983, when the first Maruti 800 car rolled out of its factory in Gurgaon, then a sleepy suburb of New Delhi, its only made-in-India parts were the battery and tyres.
In those days, the government had strict curbs on foreign exchange spending. The company was forced to localize under a phased manufacturing programme, which granted an import licence as long as it made more parts in India every year.
Graphic: Paras Jain/Mint
In the next decade, a robust local components industry came up which, in turn, helped smoothen the entry of global car makers in the 1990s. Today, 95% of the parts of small cars such as the Maruti 800 are made in India.
â€œIf we were not forced in those days, we would have gotten away with imports,â€ concedes R.C. Bhargava, chairman of Maruti. â€œBut that would not have been beneficial to consumers.â€
Maruti is now all set to roll out its millionth car this fiscal, on 23 March. It will become the first company to do so in a fiscal year. Thatâ€™s just one illustration of how much the small-car market has grown in India to account for 75% of all car sales. Indeed, nowhere in the world is the auto market so heavily skewed, and that puts India on the verge of becoming the nucleus of the international small-car industry.
Yet, manufacturers and experts fear this second revolution wonâ€™t augur well for what is now a $19.8 billion (around Rs90,000 crore) auto parts industry.
The business environment, to begin with, is hardly as conducive to growth as it was in the 1980s. The car industry has been delicensed and the government can no longer ask manufacturers to source parts from India. Import duties on components have fallen from 60% in the 1980s to 10%. Foreign exchange controls for the industry have also been done away with.
Compounding the matter are the recent free trade agreements with South Korea and the Association of Southeast Asian Nations (Asean), a regional economic bloc, which makes it cheaper for car makers to buy components from these countries.
Import of components has grown faster than domestic production since the 2005-06 fiscal, according to a study released on Saturday by industry lobby group Federation of Indian Chambers of Commerce and Industry (Ficci).
India then imported components worth $2.77 billion, or 22% of the size of the industry. In 2008-09, this grew to $6.12 billion, or 30.8% of the industry size.
Imports from South Korea, Asean and the European Union, with which India is negotiating a free trade pact, have grown rapidly and now form 70% of total component imports, the Ficci report said.
If imports continue to grow at this rate, India will find it tough to meet its automotive mission plan, said Ficciâ€™s additional director Chetan Bijesure. The plan aims to increase component exports from India to $20-25 billion by 2015 from $2.76 billion at present.
Component suppliers for large cars, which have a limited market in India, have faced the brunt of the fall. Motor Co. Ltdâ€™s India subsidiary, for instance, makes only 28% of the Accord sedan locallyâ€”even a decade after launching the car.
A spokesperson claimed the company is committed to increasing localization levels for its cars, but industry watchers said, on condition of anonymity, Honda had gone slow on this as it prefers to import from Thailand.
â€œFor them to think of aggressive localization, they would need at least penetration of 15 cars per thousand,â€ said Kumar Kandaswami, senior director at professional services firm Deloitte. Currently, the penetration in India is nine cars per 1,000.
â€œGlobal models are becoming more important, and at the time of deciding the model, companies also decide the source,â€ said Krishan Kumar, director of the Maruti Centre for Excellence and former head of engineering at Maruti.
This means large-car component makers could be reduced to manufacturing technically less advanced products for small cars, defined as cars shorter than 4m with an engine capacity below 1,200cc.
The cushion of high sales, along with the price sensitivity of buyers of small cars, means their makers generally opt for local components. For instance, Ford India Pvt. Ltdâ€™s small car Figo, which the firm plans to export in large numbers, will have 85% local components from Day 1.
But even small-car companies are becoming more comfortable with importing engines. Toyota plans to import the engine and transmission for its new offering Etios from Thailand or Japan, as it expects its initial sales to be around 70,000 units a year.
Toyotaâ€”which set up a regional facility to manufacture gearboxes in India in 2002 with an investment of Rs500 croreâ€”also imports 50% of the components of the Corolla sedan, which it has been producing in India for over a decade.
â€œWe would be encouraged to localize more, particularly if the tax policies with relation to transfer pricing are more friendly,â€ said Shekar Viswanathan, deputy managing director of Toyota Kirloskar Motor Pvt. Ltd.
Component manufacturers also point to infrastructure bottlenecks, shortage of skilled labour and government restrictions as reasons for slowing growth. â€œThe infrastructure deficit alone results in us losing 17% of our competitiveness,â€ said Surinder Kapur, chairman of auto component maker Sona Group.
As more car makers veer away from localization, component manufacturers could well decide to open operations in South-East Asia and export to India.
â€œThere are indications of that,â€ said Vishnu Mathur, executive director of industry lobby Auto Component Manufacturers Association of India. â€œA number of investments that could have come to India have gone to Thailand.â€
Chinaâ€™s car electronics industry has been advancing consistently over faster than the global automotive semiconductor sector. Entertainment products contribute significantly to supply and revenue, and in-car GPS devices are showing a positive outlook as well. Production of most car electronics is thriving on aftermarket sales. The growth of A/V products, however, is attributed to solid OEM business, as more new vehicles are being preinstalled with complete systems. Certain product segments have suffered a sharp decline in exports in recent months but manufacturers remain confident that Chinaâ€™s overall strong performance will help the line endure the economic slowdown. The following are some of the key trends observed in Chinaâ€™s car electronics industry as suppliers weather the financial downturn:
â€¢ Many companies are turning to the domestic market, where automotive sales have been increasing, to boost their business. Suppliers promoting their own brands are targeting retail channels and the replacement parts sector.
â€¢ The growing convergence of electronics, telecom and navigation technologies continues to drive R&D efforts in the car A/V product segment.
â€¢ New releases of in-car navigation systems and personal navigation devices have slim form factors, high performance and sensitivity, and multimedia functions.
â€¢ Car PCs are evolving into infotainment systems that support various applications, including GPS, multimedia player, rearview camera, and Internet and wireless communications.
â€¢ User convenience is the key trend in Chinaâ€™s car security and safety segment. Makers are venturing into wireless car safety electronics in response to strong demand, especially in North America and Europe.
â€¢ Car electronic accessories that support various portable gadgets, including iPods, mobile phones and handheld gaming devices, are a fastgrowing segment in the line. These include FM transmitters and Bluetooth
handsfree kits, which have grown to become staple car accessories.
â€¢ Companies are enhancing ODM services to shorten design and development time for custom-made models. This allows them to compete more on the basis of functionality than on price, specifically in the low end.
â€¢ Cost cutting has limited makersâ€™ product development activities. Some streamline R&D and manufacturing processes to reduce production outlay while decreasing the rate of returns.
â€¢ Although some suppliers offer lower quotes, price cuts are limited because of higher labor and component costs.
This report covers car audio systems, including speakers, subwoofers and amplifiers; car multimedia players and monitors; car GPS devices, car PCs, car electronic accessories such as Bluetooth handsfree kits; and car safety and security electronics, including car alarms, parking aids and keyless entry and remote starters.
The Industry Overview section discusses developments in Chinaâ€™s
supply, and key trends and R&D priorities in coming months.
Â Guangdong province is a major production center for car electronics, with the cities of Shenzhen, Foshan, Dongguan, Huizhou and Guangzhou leading supply.
The supplier base is composed of companies with diverse manufacturing capability. Most offer a mix of car entertainment and consumer electronics, including monitor and A/V players. Some specialize in car security or GPS.
EL PASO — Lear Corporation, the Michigan-based automotive parts manufacturer, plans to close its El Paso distribution warehouse and lay off its 155 employees.
Lear has notified the Texas Workforce Commission it plans to complete the layoffs by October at the warehouse, 950 Loma Verde Dr. on the far East Side.
Mel Stephens, vice president and director of corporate communications at Lear’s Southfield, Mich., headquarters, said the layoffs were a result of lower production by automakers.
Lear has a much larger presence in JuÃ¡rez, with several plants and about 4,000 workers who make seat covers and electronic components for new vehicles. Stephens said those operations are running at lower production levels but Lear doesn’t have any plans to reduce its maquiladora operations.