GLG News by Scrap Metal Experts
Analysis of:
Why no one wants Delphi (www.247wallst.com)
Delphi is on life-support with no health insurance, and General Motors wants the world to think that it is offering to pay some of Delphi's bills out of the goodness of its corporate heart, and for old times sake. The truth is that the sheer and massive incompetence of GM purchasing management has...
Analysis of:
GM to managers: Volt is No. 1 priority (www.autonews.com)
GM's requirement that only those who say yes to Rick Wagoner and Bob Lutz may advance to management has left it without any managers or engineers who have the moral strength to say that the company's program to bring the Chevrolet Volt to market by 2010 would have been better done, with a much higher...
Analysis of:
Jim Press: Prius was 100% subsidized by Japan (www.autonews.com)
It has always been a mystery to OEM American automotive industry financial analysts how Toyota could afford to build and sell the Prius, and any other hybrids, without seemingly taking into account the escalating costs of the nickel metal hydride battery, NiMH, packs due to the commodity metal...
Analysis of:
Will lithium ion get replaced? Longer lasting, recyclable batteries due in laptops this summer (venturebeat.com)
The lihtium-ion batteries that have the best performance characteristics for vehicular application are not safe or cheap enough for use in mass produced vehicles. Advances in nickel metal hydride and other technologies, including those based on silver-zinc and those based on magnesium in combination...
Analysis of:
Fukui: Nickel battery is best bet for hybrid (www.autonews.com)
Honda has more experience engineering, designing, and manufacturing internal combustion engines than anyone else on earth. It is thus, by default, the most experienced and successful at the quality control and servicing of OEM automotive power trains. Are these the reasons why it has chosen...
Analysis of:
Local businessman charged with fraud (www.suntimes.com)
Did General Motors' purchasing relax its standards for oversight and for credit allocation for FUCI Metals, because FUCI was set up as a minority business enterprise? Or, was GM in on it from the beginning, but lost control of it?
Analysis of:
Diesels make cents, but Detroit still slow to embrace them (www.detnews.com)
How are the Detroit Three reacting to the multiplicity of power train types among which they must choose in order to satisfy political expediency?
They must choose among the many chocies and the choices are dictated by economics more than they are by politics.
March 10, 2008
The Plastech Cover Up; The Legacy of Wasted Effort By The American OEM Automotive Industry
Analysis of:
Plastech Hopes To Resolve JCI Tiff (www.freep.com)
The Plastech Cover Up; The Legacy of Wasted Effort By The American OEM Automotive Industry
Plastech Engineering, now in bankruptcy, was advertised as the largest minority owned and operated OEM automotive plastics supplier. In fact, it was a synthetic business, a money losing enterprise, created by the pressure, for minority content, which was generated by various Federal and State agencies...
Analysis of:
Beware of These Strong Buys (www.fool.com)
Silicon is one of the most common chemical elements in the earth's crust; it is also exteremely accessible, since the vast majority of the beach sands on this planet are fairly pure silicon dioxide which have been produced by eons of weathering of silicate rocks and quartz. Tellurium...
Analysis of:
GM, Toyota Doubtful on Fuel Cells' Mass Use (online.wsj.com)
Last week GM's most important 'car guy' let the cat out of the bag. GM Vice Chairman Bob Lutz let it be known that for the first time the market is driving GM's decisions on which products to take forward on a green path. The public clearly does not want a car for which there is no fuel available today...
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