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GLG News by Scrap Metal Experts

Jack Lifton, Managing Director
Jack Lifton, Managing Director
Jack Lifton, LLC
Analysis of: Wipers, Stereo Raise Price of Chevrolet Volt to $35,000 (blog.wired.com)
Is GM planning to introduce and sell the Chevrolet Volt in November, 2010, at a loss? Probably. Even 'Maximum' Bob Lutz admits that the car might sell at a loss 'for many years.' The irreducible costs are not in the raw materials for a lithium ion battery. Lithium is actually rather cheap. They are...
Jack Lifton, Managing Director
Jack Lifton, Managing Director
Jack Lifton, LLC
Analysis of: GM's Maximum Bob: Don't tell me how to make an E-car (latimesblogs.latimes.com)
For the last ten years as the center of the OEM automotive industry's growth has shifted to mainland Asia we have heard nothing but failure-excusing buzz words from the 'leaders' of the OEM American automotive industry. Legacy costs, health care, and, just now, as they finally admit it, raw material...
Jack Lifton, Managing Director
Jack Lifton, Managing Director
Jack Lifton, LLC
Analysis of: UPDATE 2-Toshiba looks to procure metals from Kazakhstan (uk.reuters.com)
Survival of their nation's industrial base and industrial independence has sent Japanese companies on a hunt for critical natural resources. When will American's wake up to the damage to out domestic economy that ignoring this issue has already caused and the impending disaster if we do nothing about...
Jack Lifton, Managing Director
Jack Lifton, Managing Director
Jack Lifton, LLC
Analysis of: Deepening gloom at General Motors (money.cnn.com)
The market capitalization of the Detroit Two (Chrysler having been privatized by Cerberus is no longer a public company with a transparent market 'cap.') is a grand total of less than 20 billion dollars with GM accounting for an astonishingly tiny 8 billion of that.   Toyota, which is in fact...
Jack Lifton, Managing Director
Jack Lifton, Managing Director
Jack Lifton, LLC
Analysis of: Minor metal prices soar on demand for more fuel-efficient jet engines (www.ft.com)
Luckily for the free world the US is the world's largest producer of the metal molybdenum. Rhenium is contained as trace element in both the primary molybdenum ore mined in North America-which is responsible for 40% of North American molybdenum production-and in the molybdenum itself contained...
Jack Lifton, Managing Director
Jack Lifton, Managing Director
Jack Lifton, LLC
Analysis of: Electro-Shock Therapy (www.theatlantic.com)
The GM EV1 battery powered car, which used lead-acid batteries, went 90 miles at 60 miles an hour on an overnight charge. It was discontinued nearly 20 years ago for lack of customer interest, said GM, at the time. What advantage does the 2010 or 2011 Chevrolet Volt have over this 20 year old techn...
Jack Lifton, Managing Director
Jack Lifton, Managing Director
Jack Lifton, LLC
Analysis of: Lithium-ion batteries power converted Priuses (www.autoweek.com)
It is impossible to believe that either Toyota or lithium battery developer A123 think its a good idea to modify an existing Prius into a plug-in hybrid by having a dealer install a system based on an A123 battery. Toyota cannot stop its independent dealers from charging gullible environmental activist...
Jack Lifton, Managing Director
Jack Lifton, Managing Director
Jack Lifton, LLC
Analysis of: Prius sales tank in May, Toyota blames battery supply (www.autoblog.com)
Toyota and Honda have both announced in the last month that they will use nickel metal hydride batteries in their hybrid vehicles for the near term, at least for the next five years, and perhaps well beyond that. Toyota has also announced that it will dramatically ramp up nickel metal hydride battery...
Jack Lifton, Managing Director
Jack Lifton, Managing Director
Jack Lifton, LLC
Analysis of: British win orders back from China (www.ft.com)
Quality, on time delivery, and price used to be the three factors to be judged, and in that order of descending importance, by OEM automotive buyers. Then the accountants took over and simply dismissed those with engineering and materials evaluation skills as commodities whose opinions and...
Jack Lifton, Managing Director
Jack Lifton, Managing Director
Jack Lifton, LLC
Analysis of: Is there a Prius in the future for Nummi? GM, Toyota in talks to build hybrid at Fremont plant, Tokyo paper says (www.sfgate.com)
Toyota only builds the Prius hybrid, the world's best selling hybrid, in Japan even though nearly 80% of the Prius production is sold in the USA. Why is this so? And, why, now that Toyota is committed to nearly tripling the production of Priuses worldwide by 2011, is it that the batteries and power...

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