Tag: Daimler Chrysler

Force Motors hits the roof on plan to exit Man Force JV

The announcement was made after market hours on Monday, 21 November 2011.

Meanwhile, the BSE Sensex was up 133.38 points, or 0.84%, to 16,079.48.

On BSE, 4,363 shares were traded in the counter as against an average daily volume of 2684 shares in the past one quarter.

The stock had hit a 52-week low of Rs 410.10 on 15 November 2011. The stock had hit a 52-week high of Rs 975 on 2 December 2010.

The stock had underperformed the market over the past one month until 21 November 2011, sliding 10.81% compared with the Sensexs 5% decline. The scrip had also underperformed the market in past one quarter, tumbling 20.46% as against 1.21% slide in the Sensex.

The small-cap automobile maker has an equity capital of Rs 13.18 crore. Face value per share is Rs 10.

Force Motors will sell nearly 5.57 crore equity shares in MAN Force Trucks to MAN Truck and Bus AG for 150 million euros (Rs 1050.54 crore), subject to necessary approvals, it said in a statement to BSE.

Force Motors and MAN will continue to co-operate with each other and with MAN Force Trucks based on a new contractual arrangement, the company said in a statement.

Net profit of Force Motors declined 67.71% to Rs 4.25 crore on 40.50% rise in net sales to Rs 497.82 crore in Q2 September 2011 over Q2 September 2010.

Force Motors is engaged in the manufacture of light commercial vehicles, small commercial vehicles, utility vehicles, agricultural tractors and other products related to automobile industry such as diesel engines. The company has technical collaborations and business alliances with world leaders like MAN, Daimler Chrysler.

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MEC Names New President For China

MEC Appoints New President In China

Shanghai – MEC, www.mecglobal.com, a leading media agency today named Christian Guinot as President for MEC China.

The announcement was made by Stephen Li, CEO Asia Pacific for MEC.

He replaces Michelle Ko who recently stepped down. Christian will report to Stephen Li and Bessie Lee, GroupM China CEO and join MECs Asia Pacific Executive Committee.

An international Frenchman, Christian has 23 years of experience in the media industry. Christian has been Managing Director of MEC Russia since 2007. He moved to Russia from MEC UK where he was Managing Partner in our Global Solutions team, running Daimler Chrysler and Danone across Europe for three years. Prior to his career at MEC, Christian has worked for MPG and MediaCom and Euro RSCG.

As MD of Russia, Christian oversaw the rise of MEC from number 6 to number 1 in four years, winning over $250 million of new business in the last 18 months alone and extending key client relationships across the CIS region.

Christian moves to Shanghai with his wife and two children.

Christian will be supported in his role by Stephen Li and Bessie Lee and the extremely strong and talented China management team:

Stephen Li said, In Christian we are extremely fortunate to have someone with such strong skills and reputation within our company. I am confident that with Christians knowledge and experience he will re-energise our operations, creating positive change for the agency. Christian has done a fantastic job as CEO MEC Russia and understands the opportunities available in a growing economy, so the decision for him to become President in China was an easy one. Im delighted that hes accepted the challenge to take China to the heights it deserves.

Christian Guinot commented, This is truly an honor and Im absolutely fired up to get change moving throughout the agency. We have a fantastic opportunity to focus and organize and move MEC China into a leadership position in the market.

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DAIMLER CHRYSLER FINANCIAL SERVICES AMERICA v. REZOS

Defendant Andre Rezos, appearing in propria persona, appeals from a default judgment entered against him in Solano County Superior Court in April 2007. As plaintiff Daimler Chrysler Financial Services America argues, this appeal is untimely pursuant to California Rules of Court, rule 8.104.1 Therefore, we dismiss defendants appeal.

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BorgWarner BERU Systems Tire Safety System Enhances Safety in the VW Passat

AUBURN HILLS, Mich., Nov. 4, 2011 /PRNewswire via COMTEX/ —
BorgWarner BERU Systems direct-measuring Tire Safety System (TSS) alerts drivers of the new VW Passat to low tire pressure, contributing to increased safety as well as better fuel economy. Featuring a new slim design, the third generation TSS is standard equipment in production models sold in the U.S. and is available as an option in Europe. Beginning in 2014, tire pressure monitoring systems will become mandatory on new vehicles throughout the European Union.

“Low tire pressure can be dangerous. Braking distance is longer, and the car’s lane-holding capacity deteriorates, potentially causing a driver to lose control of the vehicle. In addition, if tire pressure is too low, fuel consumption rises,” said Brady Ericson, President and General Manager, BorgWarner BERU Systems and Emission Systems. “Our Tire Safety System measures pressure and temperature at each wheel, alerting the driver to gradual or sudden loss of pressure and identifying the affected tire, all from the dashboard display.”

According to a study by the Federation Internationale de l’Automobile (FIA) in cooperation with tire manufacturer Bridgestone, about 2.11 billion gallons (8 billion liters) of fuel are wasted worldwide each year due to underinflated tires, corresponding to an added 18.4 million tons of CO2 pollution. These same experts estimate a loss in tire pressure of as little as 0.6 bar increases fuel consumption about 4 percent and decreases the life of the tire by up to 45 percent.

BorgWarner BERU Systems third generation TSS consists of a compact control unit with an integrated antenna and four wheel electronic units. The system measures the central pressure and temperature of each tire. Through signal strength analysis from the antenna, TSS detects the position of each wheel and informs the driver of a deviation of as little as 0.2 bar from the specified tire pressure. Local antenna placement offers vehicle makers more flexibility under the hood, and with just half of the components of the previous model, the new slim design is also more cost effective. The BorgWarner BERU Systems TSS provides high accuracy, responds more quickly and offers greater protection from interfering signals.

About BorgWarner

Auburn Hills, Michigan-based BorgWarner Inc.

/quotes/zigman/131196/quotes/nls/bwa BWA
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is a technology leader in highly engineered components and systems for powertrain applications worldwide. Operating manufacturing and technical facilities in 59 locations in 19 countries, the company develops products to improve fuel economy, reduce emissions and enhance performance. Customers include VW/Audi, Ford, Toyota, Renault/Nissan, General Motors, Hyundai/Kia, Daimler, Chrysler, Fiat, BMW, Honda, John Deere, PSA, and MAN. For more information, please visit
www.borgwarner.com .

The BorgWarner BERU Systems Tire Safety System (TSS) alerts drivers of the new VW Passat when tire pressure is too low. Maintaining proper tire pressure helps enhance safety and improves fuel economy. (Vehicle photo courtesy of United Pictures)

Statements contained in this news release may contain forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act that are based on management’s current outlook, expectations, estimates and projections. Words such as “anticipates,” “believes,” “continues,” “could,” “designed,” “effect,” “estimates,” “evaluates,” “expects,” “forecasts,” “goal,” “initiative,” “intends,” “outlook,” “plans,” “potential,” “project,” “pursue,” “seek,” “should,” “target,” “when,” “would,” variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond our control, that could cause actual results to differ materially from those expressed, projected or implied in or by the forward-looking statements. Such risks and uncertainties include: fluctuations in domestic or foreign vehicle production, the continued use by original equipment manufacturers of outside suppliers, fluctuations in demand for vehicles containing our products, changes in general economic conditions, as well as other risks noted reports that we file with the Securities and Exchange Commission, including the Risk Factors identified in our most recently filed Annual Report on Form 10-K. We do not undertake any obligation to update or announce publicly any updates to or revision to any of the forward-looking statements.

SOURCE BorgWarner Inc.

Copyright (C) 2011 PR Newswire. All rights reserved

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Dodge Durango everything you want in a truck – except diesel

The power offerings are right, too. I am particularly fond of the 3.6-litre V-6 (290 horsepower/260 lb-ft) mated to a decent five-speed automatic and all-wheel-drive.

Yes, you can get a Hemi V-8 (5.7-litres/360 hp/390 lb-ft) but in the great majority of cases, that engine is overkill in the under-the-hood department.

Youll pay for it, too. The Hemi is a $1,900 option in vehicles where its not standard (top-of-the-line models) and it uses a lot more gas, too. The V-6 is rated at 13.9 litres/100 km city and 8.9 highway, versus 16.6 city/10.1 highway for the V-8 even though the Hemi has a cylinder-deactivation system designed to let it run on four cylinders under light loads.

Then there is quality, long a worry with any Chrysler vehicle. The Initial Quality Study from JD Power and Associates surely has its limitations and flaws, but as a snapshot and early indication of progress, lets take note that the 2011 Durango finished as a runner-up among mid-size crossover/SUVs this year, tied with the Subaru Outback and just behind the Honda Accord Crosstour. Not bad. Not the whole quality story, for sure, but not bad.

The Durango is a three-row SUV with seating for seven and even in the base model a massive tow rating of 3,266 kg. It is the best-riding large SUV Chrysler has built and theres a reason for that: it shares the DNA of the Mercedes GL, a last remnant of the otherwise utterly disastrous, value-destroying, morale-nuking tie-up with Germanys Daimler.

Chrysler doesnt have much to thank Daimler for outside of the Durango, but this shared platform is, if nothing else, a generous parting gift in the wake of an otherwise nasty divorce. For the record, the Jeep Grand Cherokee also shares this platform and thats why that Jeep is so good, too.

I mean, the Durango is not riding on the front-drive basics of some distant cousin, as is the case with the new Ford Explorer, which if you do the family tree traces its roots to a late 1990s Volvo. No, the Dodge is built on top of a rear-drive unibody platform with independent suspensions front and rear. All good if done right and tuned properly by the suspension engineers.

The story here is worth a tip of the wrench. This Durango does not ride like a lumbering truck, not at all. Dodge engineers say the front-to-rear weight distribution is 50/50 and that explains why their rig corners pretty well. Balance matters, as BMW types will tell you of their devotion to 50/50 weight distribution.

I like the Durangos interior, too. Even the cheapest Durango has a well-formed-and-executed cabin, with lots of soft-touch materials and a good number of storage areas. You can get heated leather seats and all sorts of other upscale features and almost everything else under the sun and still not exceed $50,000, not including freight and taxes and fees. A Mercedes GL, the 2011 version, starts at $79,900.

If you go the Dodge route versus a similarly-sized Mercedes, youll save tens of thousands without sacrificing functionality other than the fuel economy and torque of the available Mercedes diesel engine. If Dodge is smart, it will find a way to put a diesel into the Durango. Fast. Diesels are the best solution for SUVs, no question.

Nonetheless, the Durango is entirely functional from a packaging perspective. The three rows of seats fold flat, the seats themselves are decently comfortable and the traditional instrumentation and controls are simple, therefore smart. The interior is pretty but unpretentious and there is plenty of cargo room. Dodges Uconnect control system to manage the likes of navigation and infotainment is not difficult to master in a rudimentary way, either.

As for the design, I like it. Sure, the look is truck-like, but not in a scary way.

If Chrysler is to have a healthy future, the Durango is a solid template for upcoming models. The initial quality looks good, the fuel economy is competitive, the fit and finish appear to belong in the 21st century and basics like towing capacity have been covered nicely.

Whats left? Dodge needs a diesel Durango and, like, yesterday. Fiat, are you listening?

Tech specs

2011 Dodge Durango Citadel

Type: Large SUV

Price: $49,995 ($1,400 freight)

Engine: 3.6-litre V-6

Horsepower/torque: 290 hp/260 lb-ft

Transmission: Five-speed automatic

Drive: All-wheel

Fuel economy (litres/100 km): 13.0 city/8.9 highway; regular gas

Alternatives: Ford Explorer, Honda Pilot, Chevrolet Traverse, GMC Acadia, Toyota Highlander/4Runner

jcato@globeandmail.com

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BorgWarner Successfully Launches New Turbocharger Production Plant in Mexico

AUBURN HILLS, Mich., Oct. 17, 2011 /PRNewswire/ — Driven by growing demand for BorgWarners fuel-efficient turbocharging technologies in North America, the company has expanded its global capacity. The new production facility in Ramos, Mexico currently supports production of turbochargers for Fords 3.5-liter Ecoboost engine for rear-wheel drive cars and trucks launched in November 2010.

Gasoline and diesel turbocharged engines are key technologies included in every major carmakers future plans in North America, making it the fastest growing turbocharger market in the world, said Frederic Lissalde, President and General Manager, BorgWarner Turbo Systems Passenger Car Products. Our new plant in Ramos is strategically located to meet growing customer demand through local production supported by our global resources. We look forward to bringing the benefits of improved fuel economy, powerful performance and reduced emissions to drivers throughout North America.

BorgWarner plans to employ more than 185 people at the plant, located near the city of Monterrey, to support already awarded new business. With its excellent automotive infrastructure, the region offers optimal conditions for the state-of-the-art turbocharger facility, where key components are produced and final assembly is completed.

About BorgWarner

Auburn Hills, Michigan-based BorgWarner Inc. (NYSE: BWA) is a technology leader in highly engineered components and systems for powertrain applications worldwide. Operating manufacturing and technical facilities in 59 locations in 19 countries, the company develops products to improve fuel economy, reduce emissions and enhance performance. Customers include VW/Audi, Ford, Toyota, Renault/Nissan, General Motors, Hyundai/Kia, Daimler, Chrysler, Fiat, BMW, Honda, John Deere, PSA, and MAN. For more information, please visit www.borgwarner.com.

Statements contained in this news release may contain forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act that are based on managements current outlook, expectations, estimates and projections. Words such as anticipates, believes, continues, could, designed, effect, estimates, evaluates, expects, forecasts, goal, initiative, intends, outlook, plans, potential, project, pursue, seek, should, target, when, would, variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond our control, that could cause actual results to differ materially from those expressed, projected or implied in or by the forward-looking statements. Such risks and uncertainties include: fluctuations in domestic or foreign vehicle production, the continued use by original equipment manufacturers of outside suppliers, fluctuations in demand for vehicles containing our products, changes in general economic conditions, as well as other risks noted reports that we file with the Securities and Exchange Commission, including the Risk Factors identified in our most recently filed Annual Report on Form 10-K. We do not undertake any obligation to update or announce publicly any updates to or revision to any of the forward-looking statements.

SOURCE BorgWarner Inc.

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Leadership workshop for women Oct. 27

GRAND JUNCTION, Colo. Women are good at getting things done, yet often find it difficult to see themselves as leaders, said Leanne Meyer, of Naridus International, a Pittsburgh-based consulting firm that focuses on helping people develop leadership skills.

Meyer will be in Grand Junction Thursday, Oct. 27, to present Strong Leaders/Strong Stories a workshop for women who want to explore and learn about what it means to see ones self as a leader.

Sponsored by the Western Colorado Community Foundation and Third Sector Innovations, the seminar will be held from 8 to 11:30 am at The Irons, at Tiara Rado Golf Course, 2057 S. Broadway.

The workshop is for women in the workplace, of any age, including those who perhaps do not have good leadership role models or find themselves lacking the passion they once had for their job, Meyer said.

We will focus on answering questions of who are you?, what are you about and what do you want? Meyer said. The problem today in the corporate environment women are happy helpers but very few see themselves as leaders.

Participants will explore the unique challenges women face in developing their careers. Meyer will talk about what it means to see and understand ones self as leader; the importance of allies, networking, and developing executive presence; and negotiating individual and organizational obstacles in the management of a career.

The name of Meyers company – Naridus – comes from three different words: Narrative, identity and us (community).

We find identity by using the process of narrative, Meyer said. Women learn to tell the story of who they are with the goal of building community.

The interactive workshop will include action planning, one-on-one conversation and group work, Meyer said.

Meyer is originally from South Africa where she earned a Masters degree in industrial psychology from the University of Johannesburg. Shes worked with companies such as Daimler Chrysler and Commercial Union, lectured and been an adjunct faculty member and Professional Leadership Advisory Board member at Pittsburghs Duquesne University, Carlow University, Chatham College and Robert Morris University.

Cost of the Strong Leaders/Strong Stories workshop is $45 and includes breakfast, coffee break, materials and a special gift. People are asked to register by Monday, Oct. 24, by calling Third Sector Innovations at 970-241-1139, or contact suzanne_keith@msn.com.

Meyer will be keynote speaker the day before at an all-day seminar titled Reaching New Heights Together in Montrose, Wednesday, Oct. 26. Geared for both men and women, the Montrose leadership event will include speakers Kelvin Kent, author of Principles and Attributes of Great Leaders, and former Navy SEAL John Brown who will give a presentation titled Developing Values-Based Leaders.

For more information about the Montrose event, visit the Montrose Community Foundation website at www.montrosecf.org or call 970-901-6574.

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Seven Major Automakers Agree to a Universal Charging System For Electric Cars

A pretty basic fear of the oncoming electric car boom is a concern that charging will be similar to the old cellphone-charger fiasco. Will the owner of a 2017 Mazda Thundersnake have to find particular Mazda charging stations, or will they be able to pull up behind a Chrysler EnFuego? Those fears can be allayed, mostly: seven major automakers have all agreed to adopt a single, universal charging system.

In a press release, Ford announced that it, as well as Audi, BWM, Daimler Chrysler, GM, Porsche, and Volkswagen, have agreed on a single integrated charging system for all electric cars in North America. Theyll be using a single-port charging system for all configurations, from small home chargers to big public rigs on the sides of highways. They also announced support for HomePlug Green PHY, which despite its silly name is a pretty cool idea: it allows you to link your car to the smart grid using Powerline, which allows all kinds of useful goodies like diagnostic system checks.

The new solution will be backwards compatible with the current industry standards in both the US and Europe, so your current Nissan Leaf will be able to use it. Though theres a conspicuous lack of Japanese and Korean participation in this largely American-German alliance, its in everyones best interest to have a unified charging solution, so we hope Nissan, Toyota, Honda, and the rest join in. Maybe Nissan was just too distracted with their crazy 10-minute chargers.

[via New Scientist]

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Mercedes sacks U.S. boss Ernst Lieb

In a surprising move, Mercedes has upset its apple cart in America by sacking its CEO, Ernst Lieb.

It’s hard to work out why Leib has been given the heave-ho, especially considering Mercedes USA is riding high at the moment on the back of strong sales and well-received models in the US

Under Lieb’s leadership Mercedes has enjoyed sales up 10.4 per cent for this year, a performance that is outstripping the market as a whole. Not only that, but Mercedes has overtaken Lexus as the most popular luxury brand in the US.

Lieb is a Mercedes man through and through, having been with the company since 1976 when he was just 21 years old. Apart from his stint as head of Mercedes in the US, Lieb also headed up Mercedes in Canada and was head of the Daimler-Chrysler Australian and Pacific Operations.

The terse statement from Mercedes gives nothing away, simply stating:

Ernst Lieb has been excused from his duties as CEO of Mercedes-Benz USA (MBUSA), effective immediately. Daily business operations of MBUSA will be conducted by Herbert Werner (CFO and Vice President Finance, Controlling amp; IT) until further notice.

The fact that Herbert Werner has been put in charge temporarily seems to make it clear that the removal of Ernst Lieb was far from planned.

What did he do?

Source: Detroit Bureau

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Take a trip back to the fifties

The music of the Manhattan Brothers, mbaqanga and, of course, the penny whistle speak of the shebeens of the 1950s. Kwela Bafana will take the audience back to those times.

THE vibrancy of the 1950s – the era of kwela, jazz, tap dance and apartheid – is brought to life in a musical called Kwela Bafana.

Bringing the 1950s to lifeSet in a 1950s shebeen, this soulful production promises to have Joburg audiences tapping their feet and wishing they had brought along their dancing shoes. It will run at the Victory Theatre in Houghton, for three nights a week from 2 November to 10 December.

The musical is directed by Sibikwa Arts Centre founders Phyllis Klotz and Smal Ndaba, with musical direction by Themba Mkhize and dance choreographed by Todd Twala.

According to Ndaba, Kwela Bafana is about the jazz music of the Manhattan Brothers, a popular South African group, mixed with mbaqanga, that distinctive South African sound with its rural Zulu roots, which was played in the shebeens of the time.

These shebeens were places where people could gather and chat, discuss their problems and talk about the horrors of life during apartheid. There is still a lot of nostalgia for the sense of community that abounded.

Of course, no musical trip to the 1950s would be complete without the penny whistle, or “kwela”, the defining sound of the era. The name “kwela” came from the Zulu word for “get up” and the police vans were called “kwela-kwela”.

These penny whistles were used by young men on street corners to warn revellers in the shebeens of the arrival of the police. The shebeens were filled with liveliness, alcohol and music that kept people’s hopes alive, allowing them some respite from apartheid’s adversity and forced removals.

Kwela Bafana is brought to life by Boy Ngwenya, who was in the original production and Nkosana Xulu on penny whistle.

Star attraction: Singer Velephi KhumaloXulu started playing the penny whistle in 1998, after being introduced to the instrument by the late Aaron “Big Voice Jack” Lerole. He still plays with his band, Shukuma. The rest of the team is made up of award-winning performers Dumisani Mhlanga, Mduduzi Mkhethi, Andrie Mbali and Siphiwe Nkabinde.

Music
Musical director Mkhize is one of the country’s most respected and multi-talented musicians. He has two South African Music Awards and a Daimler Chrysler Award, given in 2001, under his belt. He arranged and composed the music for the opening ceremony of the 2009 FIFA Confederations Cup and the World Cup the following year, and has composed music for several films, including Soweto Green and Zulu Love Letter.

Twala’s musical theatre career spans nearly four decades. He has travelled the globe working on numerous major productions and brings the 1950s to life with vibrant movements. The award-winning actress, Velephi Khumalo, is one of Kwela Bafana’s main attractions.

Khumalo was involved in the Lion King production in Germany, where she provided and recorded the vocals for the album, which she sang in German. She also won the best supporting actress for her role in the television soapie, Muvhango, in 2005.

Born in 1935, Ngwenya is the elder in the production. In his time, he was a member of the four-person harmony group, the Woody Woodpeckers.

The performers will be supported by the Kwela Bafana band: led by Ngwenya on keyboards, Lunga Mgcina on saxophone, Sabelo Masondo on bass, Wandile Molefe on piano, and Siphiwe Kubheka on drums.

The Sibikwa Players will perform a preview show at the Diepkloof Hall in Soweto on 26 October at 12pm. Entrance for the preview is free of charge but Sibikwa has asked for donations of clothing for adults and children to be made for patients at the Chris Hani Baragwanath Hospital burn and high care unit.

The Victory Theatre is located in Houghton on 105 Louis Botha Avenue, Houghton Estate. Tickets are available from Computicket or by calling the Victory Theatre on 011 728 9603.

Prices range from R95 to R223 excluding a meal, and from R175 to R300 including a meal. Pensioner and student tickets are R60, and there is a 10 percent discount for block bookings of 10 or more people.

Related stories:

  • Hot show at Joburg Theatre
  • Soweto Theatre nearly ready
  • Bringing theatre to the people
  • Soweto Theatre brings arts to the people
  • Victory Theatre is revamped
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