090711Downloads334

090711Downloads334 - Downloads commenced September 7, 2011:...

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Downloads commenced September 7, 2011: Ford Breaks Ground On $1 Billion Manufacturing Complex In India. The Wall Street Journal (9/7, Chowdhury, Subscription Publication) reports Ford Motor Co. has started construction on a manufacturing and engineering facility in India. AFP (9/7) reports, "The new manufacturing facilities in Sanand in the western state of Gujarat will create 5,000 jobs, and will be able initially to produce 240,000 vehicles and 270,000 engines a year, Ford said. The first vehicles and engines are due to come off the line in 2014." AFP notes, "Rising incomes and rapidly expanding young populations have turned Asia into a battleground for global car manufacturers such as Ford, GM and Toyota, which hope to grow revenues by steering towards the Asia-Pacific region and Africa." Daimler AG To Test Electric Cars In Hong Kong. Bloomberg (9/7) says Daimler AG issued a statement Tuesday to announce a four-year pilot program that will provide a trial version of its Smart electric car to the Hong Kong Jockey Club, Swire Coca-Cola HK, CLP Power Hong Kong Ltd., Jardine Airport Services Ltd., Yan Chai Hospital, and Hongkong Electric Co. The trials last for six to 12 months. Daimler's Mercedes Benz unit "will offer a service center with technicians and mechanics." The pilot program joins a push by automakers, such as Mitsubishi and Nissan, "to introduce electric vehicles in Hong Kong, where pollution reached 'very high' levels on a record one in four days in 2010, according to government data. The city government plans to replace some fuel-powered vehicles with electric ones and is trying hybrid buses, lawmakers said in February." Airbus Leading Boeing In Plane Sales For The Year. Bloomberg News (9/6, Rothman) reported, "Airbus SAS has won 1,156 orders so far this year, outselling rival Boeing Co. (BA) and putting the planemaker on track to capture its highest annual intake following the introduction of the A320neo." Airbus so far this year has 1,015 net orders compared to Boeing's 370 net orders. The article noted that "since introducing the re- engined A320 in December, Airbus has won more than 1,200 commitments for the plane. If the
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090711Downloads334 - Downloads commenced September 7, 2011:...

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