Archive for the ‘Industry News’ Category

Nissan Boosts Its Quality Control Inspectors And Engineers

Monday, August 25th, 2008

In order to reduce the number of new car quality complaints, Nissan Motor Co. is increasing the number of its quality control inspectors and engineers.

The Japanese automaker has set the goal of cutting the quality complaints by half on new cars by 2012. Therefore, the company is putting the responsibility for quality improvements in the hands of 5,300 people.

According to the automaker’s spokesman, Pauline Kee “Quality commitment is one of the three commitments in our GT2012 business plan, and Nissan is putting in a lot of focus and effort to meet our commitments.” (more…)

Quality Systems Gets New CEO

Tuesday, August 19th, 2008

Irvine-based Quality Systems Inc. named Steven T. Plochocki as its new President and Chief Executive Officer on Tuesday.

Plochocki, 56 has been on Quality systems’ board of directors since 2004 and a longtime local healthcare executive. He replaces the former CEO Lou Silverman. Silverman has been the Quality systems’ CEO since 2000.

Plochocki will take over as CEO on Saturday. He is the former chairman and CEO of air medical services company Omniflight Helicopters Inc. and he has also worked at health care billing company Centratex. Plochocki was also CEO of Lake Forest-based medical scanning provider InSight Health Services Holdings Corp. and was president and chief operating officer of Lake Forest-based home healthcare provider Apria Healthcare Group Inc. (more…)

Gasoline hits $3.81-a-gallon

Tuesday, August 19th, 2008

As long as the present scenario is concerned, we can say that the days of  $4-a-gallon gasoline are gone, at least for now. Today the nation-wide price of gasoline is $3.81-a-gallon, as confirmed by AAA, of Heathrow, Fla. The current price is dropped by 16 cents in a week  The survey that was done by AAA is based on data, collected from as many as 85,000 filling stations nationwide.
 
Midgrade unleaded is selling the gasoline for $3.97-a-gallon, down 37 cents of the original price. The price of Diesel dropped by 27 cents from a month ago, to $4.53-a-gallon. (more…)

Automotive Industry Advocates: Oppose The New CAFE Standards

Wednesday, August 6th, 2008

At a public hearing of National Highway Traffic Safety Administration (NHTSA) on new CAFE standards, the administration drew opposition from automotive industry advocates and critics on Monday.

In the United States the Corporate Average Fuel Economy or CAFE regulations are designed to reduce energy consumption by increasing the fuel economy of cars and light trucks. Congress passed a bill late last year that mandated NHTSA to set standards requiring cars and light trucks to achieve a 35 miles per gallon fleet average by 2020, or go beyond that level if possible. (more…)

GMAC’s Tight Financial Policies

Thursday, July 31st, 2008

North America’s largest auto finance company and General Motors finance arm, GMAC is tightening its financial policies including both leases and loans, in response to the tough U.S. auto market.

GM consumers with lower credit, now will have to opt for less expensive vehicles. Otherwise, if they opt for expensive ones, they need to pay higher down payments than the past. The dealers will take care of size of the down payment and employment status of the consumers before the approval of a lease or loan. (more…)

Nissan To Build More Passenger Cars Instead of Trucks

Thursday, July 24th, 2008

After two leading Japanese automakers, Toyota and Honda, another Japanese company, Nissan Motor Co. plans to make production cuts in trucks and minivans and will focus more on fuel- efficient passenger cars. The automaker is threatened by the higher gasoline prices and consumer demand shift from larger vehicles to smaller cars.

Like most of the companies in the automotive industry, Nissan will shift more of its North American production to smaller cars with four- cylinder engines, while cutting back on truck production and minivans. (more…)

Oil Continues To Fall, As Stocks Move UP

Friday, July 18th, 2008

Despite the huge fall in oil prices, the shares of automobiles managed to climb up by their biggest margins in the recent months. The oil prices dropped by $10 a barrel in two days but the shares of General Motors and Ford Motor Co. each managed to achieve a profit margin of more than 15 percent after going downwards in the share market in recent weeks.
 
The stock market drew all its support margin from the huge fall in oil prices, that fell by a combined $10.58 a barrel in last two days. General Motor finished up $1.64 to $11.48 (16.6 percent) a share, while Ford finished up at 18.0 percent per share in the share market. (more…)

Nason, To Submit Resignation To NHTSA

Thursday, July 17th, 2008

According to reports, Nicole Nason, head of the National Highway Traffic Safety Administration or NHTSA will be resigning next month.

Nason joined the NHTSA on May 31, 2006. She has been the nation’s chief motor vehicle safety regulator since then and she has been responsible for the implementation of several important auto safety regulations. Earlier, she was the assistant secretary for government affairs in the Department of Transportation since July 2003. (more…)

Huntsville In Front-Run For Volkswagen’s U.S. Site

Tuesday, July 15th, 2008

Europe’s largest and world’s fourth largest car producer, Volkswagen AG favored Huntsville in North Alabama as the site for its new U.S. car plant, according to sources. The plant would cost $800 million to $1.2 billion and it would create as many as 2,000 jobs. The production at the plant is slated to start in 2010, with an annual capacity of 300,000 cars to be reached by 2018.

After considering several states for a new U.S. manufacturing facility, Volkswagen seems ready to break ground for the plant in Huntsville, Alabama. The German automaker is planning a U.S. plant to help reach its ambition of more than tripling its annual U.S. sales by 2018 to 1 million, including 800,000 VW brand and 200,000 Audi sales. In April, the automaker had narrowed the finalists for a possible U.S. assembly plant to sites in Alabama, Tennessee and Michigan. (more…)

Four-Cylinder Engines On High Demand In U.S.

Thursday, July 10th, 2008

The record gasoline price of $ 4 per gallon has not only shifted the consumers’ demand from pickup trucks and sport utility vehicles to cars but, also from six-cylinder models to four-cylinder models. The demand for four-cylinder engines is at its highest since the energy crisis of the early 1980s and many automakers simply don’t have the capacity to keep up with the demand.

A wild swing towards four-cylinder engines that has been caused by high gasoline prices ultimately made most of the automakers including Detroit Big 3 suffer badly in the June U.S. auto sales. A shortage of four-cylinder engines cost General Motors Corp. 10,000 sales last month, says GM sales chief, Mark LaNeve.

According to a report of the Power Information Network, more than half of all new cars and trucks purchased in June had four-cylinder engines. But, the scene was different a year ago, when barely
one- third of new-vehicle buyers chose four-cylinders. (more…)

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