Daily Edition: Nov. 10, 2005

November 10, 2005


Ford Has New V-6 For Crossovers, More

Ford will officially pull back the curtain on a pair of new crossovers at the upcoming Detroit auto show, the automaker has confirmed. The next-generation Lincoln Aviator and the new Ford Edge will be powered by an equally-new powertrain. Barb Samardzich, vice president of powertrain operations, said Ford's 3.5-liter V-6 will make 250 horsepower and 240 lb-ft of torque. The all-aluminum engine will be mated to a new six-speed automatic expected to yield an average seven-percent better highway mileage than a comparable four-speed, according to Samardzich. While Ford officials wouldn't discuss other plans for the powertrain package, insiders report the V-6 and six-speed will eventually show up in a wide range of products, including the Ford Five Hundred and Mercury Montego. The new 3.5-liter V-6 will immediately meet tough ULEV-II emissions standards, and be "PZEV capable." The engine also will be part of future Ford hybrid powertrains requiring the extra kick of a V-6. -TCC Team

Spy Shots: '07 Ford Edge by Brenda Priddy (11/7/2005)
Freestylin' with Ford's crossover future.

Ford Saving Big on New Technology Ford officials hope to shave hundreds of thousands of dollars off the cost of tooling up for future products using the latest in rapid prototype technology. Most automakers already rely on systems such as stereo lithography to create low-cost models of parts and components. The technology blasts a laser in a vat of epoxy, forming highly detailed solid shapes. Newer, advanced systems can also produce prototype parts out of materials such as rubber, nylon, sand, and even powdered metals. These can be used for in-vehicle testing under real-world conditions, noted Ford's Tom Kloeb. "As fast as you can change the (computer) data, we can change the part," allowing engineers to rapidly test a variety of different components. The newest Ford prototyping system, developed in cooperation with MIT and the University of Texas, creates sand molds, "much the same way your ink jet printer at home works with ink," said Kloeb. As a result, "we're now looking at producing tools for hundreds of dollars, rather than hundreds of thousands." For the moment, the technology is being used for one-off prototype tooling, but Ford expects that an even more advanced system will allow rapid, low-cost development of tools for high-volume die castings. -TCC Team


Nissan HQ Move Could Come Today

Nissan could announce its intention to move its North America headquarters from Los Angeles to Nashville, Tenn., as early as today. The automaker recently confirmed it would decide by mid-November whether to move its headquarters from Gardena, Calif., to a site near the Tennessee capital and closer to the company's main production center in Smyrna, Tenn. Fred Standish, Nissan spokesman, confirmed a move is under consideration and a decision will be made soon-and a major press conference is slated for today with an undisclosed location. The prospects of a move have unsettled Nissan's headquarters staff, some of whom have already begun to look for other jobs rather than try and move their families from California to the Nashville area. Some reports have even suggested that Nissan has already picked out a site for its new headquarters on the top of a hill overlooking the Tennessee capital that was once occupied by long-closed hotel. Standish, however, emphasized no decision has been made and nothing has been finalized.

Nissan Going Without Ghosn? by TCC Team (10/31/2005)
Japanese automaker wants to maintain its turned-around as CEO heads to Paris .


Unions Join in Delphi Fight

Organized labor divided into warring camps this past summer but pressures of the Delphi bankruptcy have prompted a half-dozen unions, including the United Auto Workers, International Union of Electrical Workers-CWA, United Steel Workers, International Brotherhood of Electrical Workers, International Association of Machinists, and International Operating Engineers to organize a new coalition - [email protected] "We're outraged by Delphi 's attempt to use the bankruptcy process to dictate the radical destruction of living standards of American industrial workers," the unions said in a statement. "The attempt by Delphi Corp. to use the bankruptcy process to slash wages and benefits for workers and then award company stock and nearly $90 million in cash bonuses to managers and executives is obscene," AFL-CIO president John Sweeney said in a statement posted on the United Auto Workers Web site. The unions said they plan to conduct both a public relations campaign against Delphi's proposal to slash wages of production workers from $27 per hour to $9.50 per hour and other countermeasures to put pressure on Delphi's management. The UAW's leadership hasn't ruled out a strike but it hasn't threatened one either. But UAW president Ron Gettelfinger has endorsed an informal slowdown. -Joe Szczesny


Delphi
Losses Widen

Delphi's losses in the third quarter amounted to $788 million, the bankrupt supplier said on Wednesday, underscoring the deep financial problems that sent it into Chapter 11 in October. The loss deepened from last year's third-quarter loss of $119 million, largely due to production cuts at General Motors and increasing materials costs. The loss was wider than analysts had expected. Delphi filed for bankruptcy protection on Oct. 8 and is seeking wage concessions from its U.S. workers in order to restructure.
Fitch Cuts GM Again

Fitch Ratings says it has cut General Motors another level, and could slash the company's credit rating even more as GM prepares to participate in the bankruptcy at Delphi. Any adverse action at Delphi - including a strike - could cut into GM's production schedule, impacting earnings for months to come, Fitch reasons. Too, GM could be forced to comply with expensive new pension regulations working their way through Congress. GM's rating by Fitch stands at B-plus, the fourth-highest junk rating, Reuters adds.

FROM THE SOURCE headlines from the latest press releases

PRNewswire

With approximately four million people traveling this Thanksgiving, what could be better than some good old-fashioned TLC during the busiest travel season of the year? The all-new 2006 Lincoln Zephyr sedan is adding luxury to the busiest travel period of the year with a wide range of complimentary services offered through American Airlines at select airports in the United States . This promotion, which is part of a multi-faceted marketing alliance between Lincoln and American Airlines, is the first of its kind and runs from Sunday, November 20 through Wednesday, November 23, 2005. Well-known airline passenger advocate Con Hitchcock, who travels 30,000-60,000 miles and spends 50 nights away from home each year, said, "My 'busy' season is under way now with the upcoming rush at the nation's airports. Each year I offer tips to travelers and topping the list is to get to the airport early to avoid the rush. That means, check in at least 90 minutes prior to departure during peak, 'high-stress' travel times like Thanksgiving. This year, I'm adding: get there early to take the edge off your day with these special services compliments of Lincoln Zephyr!"


 

Name Symbol Last Change
Autobytel, Inc. ABTL 4.46 +0.01 (+0.22%)
Autoliv Inc. ALV 42.61 -0.34 (-0.79%)
AutoNation Inc. AN 20.04 -0.18 (-0.89%)
ArvinMeritor Inc. ARM 16.27 +0.07 (+0.43%)
American Axle & Mfr. Holdings Inc. AXL 20.81 -0.32 (-1.51%)
Ballard Power Systems Inc. BLDP 5.01 +0.10 (+2.04%)
BorgWarner Inc. BWA 58.69 -0.90 (-1.51%)
Cummins Inc. CMI 88.35 -0.77 (-0.86%)
Dana Corporation DCN 6.99 -0.20 (-2.78%)
DaimlerChrysler AG (ADR) DCX 49.91 -0.07 (-0.14%)
Dura Automotive Systems DRRA 2.35 -0.21 (-8.20%)
Eaton Corporation ETN 60.72 +0.62 (+1.03%)
Ford Motor Company F 8.03 -0.23 (-2.78%)
General Motors Corporation GM 24.63 -1.23 (-4.76%)
Gentex Corporation GNTX 18.00 -0.11 (-0.61%)
Goodyear Tire & Rubber GT 15.56 -0.07 (-0.45%)
Honda Motor Co. Ltd. (ADR) HMC 26.93 -0.06 (-0.22%)
Johnson Controls Inc. JCI 69.02 -0.40 (-0.58%)
Lear Corporation LEA 28.56 -1.28 (-4.29%)
Magna International Inc. MGA 68.86 -0.28 (-0.40%)
Motorola Inc. MOT 23.59 +0.40 (+1.72%)
Nissan Motor Co. Ltd. (ADR) NSANY 19.88 -0.13 (-0.65%)
Sonic Automotive Inc. SAH 22.15 +0.08 (+0.36%)
Siemens AG SI 73.75 +0.88 (+1.21%)
Sirius Satellite Radio SIRI 6.883 +0.053 (+0.78%)
Toyota Motor Corporation (ADR) TM 90.54 -0.57 (-0.63%)
TRW Automotive Holdings TRW 24.71 -0.93 (-3.63%)
Tower Automotive Inc. TWRAQ.PK 0.12 +0.01 (+4.35%)
United Auto Group Inc. UAG 34.32 -0.17 (-0.49%)
Visteon Corporation VC 6.64 -1.08 (-13.99%)
XM Satellite Radio Hold. XMSR 28.10 -0.66 (-2.29%)

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