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Globaline
AMT compiles information and data on your customers and competitors. Covering North America, Central & South America, Asia and Europe, Globaline keeps you informed of the latest developments and future trends that impact capital spending plans in the automotive, aerospace, household appliance, medical equipment, construction/agriculture, and metalworking industries. Available only to AMT members.
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Japanese carmakers veer off track; Exiting Subaru may have paid price for their lack of recent success
Published: 12/19/08 Publication: South China Morning Post
Subaru's abrupt exit from the World Rally Championship completes a trio of Japanese carmakers stepping off the world motorsport stage in the space of two weeks. The former champions, whose departure was announced on Tuesday, joined Formula One constructors Honda and rally newcomers Suzuki in blaming the global financial crisis for their undeniably painful decisions. The credit crunch, with major manufacturers shedding jobs and halting production lines amid plunging sales and revenues, forced their hands. But Honda and Subaru's high-profile teams may also be paying a price for years of failure on the world's racetracks and roads.
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Jim Carrey goes with less no, mo' yes
Published: 12/19/08 Publication: The Philadelphia Inquirer
In the annals of the affirmative, the Jim Carrey vehicle Yes Man doesn't quite pack the punch of, say, Allen Toussaint's "Yes We Can Can" or the closing monologue of James Joyce's Ulysses. Nor does it spring quite as high as Carrey's own Bruce Almighty or Liar Liar.
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Johnson Controls to set up auto battery plant in China
Published: 12/19/08 Publication: China Knowledge Newswire
U.S.-based automotive battery supplier, Johnson Controls Inc, announced that it will allot $90US million to build a lead acid battery production facility in eastern China's Zhejiang Province. The production facility will be located in China's green-power energy industrial center in Changxing Economic Development Zone of Zhejiang province. The capacity of the new plant is expected to be 4 million auto batteries per year. The plant will adopt its PowerFrame technology to reduce pollutant emissions and energy consumption during production. Construction of the plant will start in Jan. 2009, said Johnson Controls. The project is scheduled to be completed in June 2010.
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KA'S THE FUNKY NEW STAR FOR FORD; In association with motorswales.co.uk
Published: 12/19/08 Publication: The Western Mail
Car giant Ford has its own answer to the economic crisis - it is offering cashstrapped motorists a new superbabe. Hot on the heels of the latest Fiesta, due in showrooms next month, comes the next generation of city slicker, the Ka, and it's a cracker. Fresh, fun and definitely funky, the new baby is packed with big car characteristics and looks sure to prove a massive hit with fans of the current model.
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LETTERS
Published: 12/19/08 Publication: THE DALLAS MORNING NEWS
Quality is my criteria Re: "Leveling the playing field - All automakers should face the same restrictions, says David Perdue," last Thursday Community Opinions column.
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Lex's menagerie of malfeasance
Published: 12/19/08 Publication: St. Petersburg Times (Florida)
What should we call this tawdry tale of money-grubbing, insider cronyism and flat-out hucksterism on the savannah? The Snow Job of Kilimanjaro? Who would have thought the affairs of sweet little Lowry Park Zoo would turn into something out of the Chicago City Council meets Tammany Hall? It was only a few short months ago that Lowry Park's president, Lex Salisbury, was enjoying something of a Marlin Perkins reputation for being a zoological messiah only to become the Lex Luthor of Lemurs.
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Lockerbie families find small comfort; Efforts have helped improve air security, victims' rights
Published: 12/19/08 Publication: USA TODAY
As they gather Sunday on the 20th anniversary of the bombing of Pan Am Flight 103, the families of the victims have many accomplishments to savor. After years of struggle to bring the bombers to justice, one was convicted in a Scottish court and the Libyan government agreed to pay millions to each victim's family. Laws on everything from lawsuits against terrorists to airport security were changed. Airlines and governments adopted more humane practices for dealing with families of air disaster victims. All of these came about at least in part because of the pressure brought by an intense band of family members who lobbied governments around the world and redefined the role of victims' groups.
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Mandelson and Treasury at odds over bailout for Jaguar; Bridging loan considered but Darling fears dangerous precedent could be set
Published: 12/19/08 Publication: The Independent (London)
The Government is edging towards an emergency rescue package for Jaguar Land Rover in an attempt to protect tens of thousands of manufacturing jobs. The luxury car firm employs 15,000 workers in the West Midlands and a further 60,000 other jobs in the region rely indirectly on the firm. Ministers insist that its Indian parent company, Tata, must take prime responsibility for its financial health. But they also admit that Jaguar Land Rover cannot be allowed to fail because of its importance to the UK economy and its research and development expertise.
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Mexicana to begin new service from Mexico City to London Gatwick
Published: 12/19/08 Publication: Airline Industry Information
Mexican domestic airline Mexicana announced on 18 December that it is to launch a new service from Mexico City to London Gatwick in the New Year. The service, using Boeing 767-200 series aircraft, will begin on 17 January, with flights leaving London Gatwick on Wednesdays and Saturdays at 10:30 and arriving in Mexico City at 17:35. In addition, the carrier plans to increase the service to four per week from 17 February, with the extra flights departing on Thursdays and Sundays, timed to synchronise with onward travel from Mexico City.
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Moody's Cites Michigan as a Model For Dealing With Auto Industry Woes; The Regions
Published: 12/19/08 Publication: The Bond Buyer
Byline: Caitlin Devitt CHICAGO - As unlikely as it may seem, Michigan can provide something of a model for states facing revenue and job losses stemming from a deteriorating U.S. automobile industry, Moody's Investors Service analysts said yesterday after releasing a report on the likely impactsfrom the fallout. Despite having lost half its auto-related blue collar jobs since 2000, Michigan is doing "remarkably well," said Moody's analyst Edith Behr. Deep spending cuts and tax increases allowed the state to end its 2008 fiscal year in September with a small surplus. And though it now faces a $500 million shortfall, that is less than many neighboring states, and officials quickly implemented a round of cuts to bring that shortfall down.
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MORNING BRIEFING; Text messages from press row...
Published: 12/19/08 Publication: Los Angeles Times
Ratcheting up the anxiety level among Lakers fans is the realization that, as was the case last June, the Boston Celtics are a better team. . . . Kevin Garnett's ferocity has spread to his teammates. . . . Adding to the consternation of Lakers fans: Kobe Bryant & Co. have failed to cover the betting line in each of their last seven games. . . . High-scoring Danny Granger, whose Indiana Pacers have defeated the Lakers and Celtics, was the 17th pick in the 2005 NBA draft. . . .
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New rescue plan; In association with www.rbs.co.uk
Published: 12/19/08 Publication: Birmingham Post
The Bush administration was today considering an "orderly" bankruptcy as a way of dealing with America's beleaguered car industry. A multi-million pound bailout stalled in the US Congress earlier this month and two of the nation's Big Three carmakers - General Motors (GM) and Chrysler - have said they will run out of cash within weeks.
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NEW YORK; Stock markets
Published: 12/19/08 Publication: The Independent (London)
Stocks fell for the second day in a row after Standard & Poor's threatened to strip General Electric of its AAA credit rating and slumping oil prices crippled energy shares. GE shares tumbled 8.2 per cent to $15.96 and ranked among the top drags on the Dow industrials . The benchmark index closed down 219 points - 2.49 per cent - at 8,604.99.
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Belfast Telegraph
Published: 12/19/08 Publication: Belfast Telegraph
REGIONAL STOCKS Alld Irish 1687/8 - 13/4 Andor Tech 68 Bk Ireland 825/8 Capita Gpl Gearing ?21 Diageo 9381/4 + 73/4 Du Pont 17617/8 First Derivatives 136 Lookers PLC 23 - 11/2
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NO BAIL-OUT FOR JAGUAR
Published: 12/19/08 Publication: Liverpool Daily Echo
MINISTERS have held discussions with Jaguar Land Rover over the possibility of state assistance for the car maker But the Halewood firm's Indian owners Tata have been warned the government did not have "an open cheque book" to bail out ailing private companies.
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No promises of financial help for struggling firms
Published: 12/19/08 Publication: The Western Mail
THE Government yesterday told firms struggling with the economic downturn that it did not have an "open chequebook" to help them, as new figures showed car production slumped by a third last month.
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Planning go-ahead for poison site homes
Published: 12/19/08 Publication: Evening Times (Glasgow)
PLANS to build 2500 homes on one of Scotland's most contaminated sites have been given the go-ahead.
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plugs & POINTS; in association with fish4
Published: 12/19/08 Publication: Daily Post (Liverpool)
A NEW version of BMW's successful roadster, the Z4, will go on sale in Britain next May. An all-new model, it comes fitted with a few motor industry innovations. Chief among them is a two-piece, powered retractable hard-top roof, that can be raised or lowered in 20 seconds. The BMW Z4's engine choices consist of three six-cylinder powerplants, with the flagship unit the current International Engine of the Year-winning 3.0-litre twin-turbo motor. The roadster is also the first vehicle to be offered with adaptive suspension, with powered dampers offering three different ride height settings. Prices for the new BMW Z4 will be announced early in 2009.
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Praying for jobs
Published: 12/19/08 Publication: The Dominion Post (Wellington, New Zealand)
A PASTOR prays for the future of the United States car industry during a special Hybrid Hope service at the Greater Grace Temple in Detroit, Michigan, yesterday.
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Prestwick unfazed by competition
Published: 12/19/08 Publication: The Herald (Glasgow)
IT may be, for now, the smallest of Scotland's main airports, but the announcement that the country's air industry looks set to become more competitive did not appear to faze the owners of Prestwick Airport yesterday.
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Qatar Airways arranges financing for three Boeing 777s
Published: 12/19/08 Publication: Airline Industry Information
Qatar Airways has entered into financing agreements worth USD500m for the purchase of three Boeing 777 aircraft. The deals include the financing arranged by Calyon and Natixis Transport Finance for two recently-delivered Boeing 777-300ER aircraft.
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Quick Money Sunflashes Column
Published: 12/19/08 Publication: The Toronto Sun
BCE SUES TEACHERS' FUND MONTREAL -- BCE Inc. has sued the Ontario Teachers' Pension Plan and its partners for a $1.2-billion break fee over the group's failure to complete its purchase of the Bell Canada parent company. The lawsuit was filed yesterday in Quebec Superior Court and demands to be paid the penalty agreed to under the deal.
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