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Radiator Fans Set to Sell More Through 2016

June 14th, 2010 | No Comments | Posted in Uncategorized

As a surprise for auto industry investors, recent news reports have shown that Frost & Sullivan announced a prime opportunity they uncovered through their analysis of the radiator fan motor data sold in the North American auto aftermarket. The new report suggests that manufacturer level unit shipments in the North American sector are on the rise. It also detailed data on prices and revenue for the radiator fan motor after market starting in 2009 and forecasting each product line from each manufacturer every year through 2016. To further beef the report, analysis of distribution channels, market shares, market drivers and even restraints were provided to give investors a sharp look into how this sector of the vehicle parts industry operates. With parts priced so high, growth in the radiator fan motor market is said to be a sure thing for investors that want to be involved in the North American segment of the industry

While the demand increases at marginal levels until 2016 and possibly beyond, high price fan motor assemblies have shown that revenue is expected to rise at 3.6 per cent each year. With motor failure as the primary cause of a need to replace the fans, collision repair and upgrades for better performance of the vehicle have also been noted as factors which drive up the demand for these expensive parts. Since recent car designs have included the fan, its shroud and motor all together in one assembly, technicians are not able to replace the fan alone and this means more of the fans must be created for the new unit.

Chrysler Upgrading Michigan Plant

June 6th, 2010 | Comments Off | Posted in News

Recent reports have stated that automaker Chrysler Group is planning to invest $43 million in new tooling and other equipment it needs to expand its operations in the United States city of Kokomo, Indiana. Through the expansion, nearly 400 new jobs will be created and of those, 379 will be for laid off employees at the plant while 20 will be for new management positions. My increasing the capabilities of the Group’s Kokomo Transmission plant and Kokomo Casting facility, Chrysler hopes to adjust them so that they can support the production of the new World Engine and raise the process quality of the 62TE transmission program. According to the senior vice president and head of manufacturing at Chrysler, Scott Garberding, the plan is a robust one that was first laid out in November of 2009 and designed to help the Kokomo facilities play a stronger role in achieving Chrysler’s current goals.

Keeping their plant on the bleeding edge of hi tech innovations has been a recent Chrysler commitment, say experts in the auto industry, and the Kokomo facility upgrades bear that out. Kokomo’s city government has responded to the news by offering a tax abatement program to help make the local economic boom easier to pull off. After nearly a $1 billion invested by Chrysler Group for the power train operations over the past 3 years, the company has been a major player in the local economy. This comes after Chrysler has already invested a full $179 million in the Global Engine Manufacturing Alliance plant it maintains in Dundee, Michigan which produces the 16 valve 1.4 liter Fully Integrated Robotized Engine, a landmark product for the automaker.

Grand Cherokee From Jeep Now Costs Less

June 3rd, 2010 | No Comments | Posted in News

The recent bankruptcy experienced by United States auto maker Chrysler Group proved to be a significant set back, but it appears that the company is set to come back with a new model of their popular Jeep line. The new 2011 Jeep Grand Cherokee will be offered at a lower price than previous models, with the Jeep Grand Cherokee Laredo 4×4 having a manufacturer’s suggested retail price (MSRP) of $32,995 which puts it around $500 lower in price than the current model which it was designed to replace. The Laredo 4×2 will come at a price tag that is a full $2,000 less than the 4×4 model. In the auto industry show rooms this June, consumers will be treated to the new Grand Cherokee models and this will be a big moment for the company after being restructured under Fiat. According to recent press releases, Chrysler has big plans for a variety of new models that will be hitting the market in the future.

The new Grand Cherokee models will feature a totally redesigned style of body just for 2011 and a 290 horse power 3.6 liter Pentastar V6 engine. With the new engine comes 11 per cent fuel economy and an average of 23 miles per gallon which is the equivalent of over 500 miles driven on a single tank of gas. Those that want to opt for a Hemi can get a 5.7 liter V8 with 360 horse power if they choose. Besides the Laredo there will also be the Limited at $39,995 and the Overland, the luxury model of the line, offered at $42,995 for those who want more.

BMW Looking to Change the Way Americans Order Cars

June 1st, 2010 | Comments Off | Posted in News

As one of the primary makers of luxury end cars in the world, the German based Bayerische Motoren Werke AG company, also known as BMW, is planning to invigorate its attempt to persuade consumers in the United States to spring for its custom ordered cars. So far, Americans have shown an unwillingness to order cars which require a significant amount of time to be built in the factories after they have been developed. As the world’s biggest maker of high end vehicles, BMW is seeking to change this preference for instant purchasing and guide consumers on the path to creating their ultimate dream vehicle by using its X3 SUV to encourage the new process of customization. By bringing car dealers on board to help them entice customers with options such an adapter for the iPod that runs around $185 and a panoramic moon roof for $1,350.

The built to order segment of the auto making industry is expected to expand in coming years, according to some experts, as consumer advocates continue to push for greater control by customers over the products they buy. By helping reduce costly expenses to maintain inventory, manufacturers also stand to gain and avoid having to discount in order to sell vehicles that are experiencing a lower level of demand. By using the pre order programs, Toyota’s Lexus models that are designed to customer specifications now compose a full 2 percent of the company’s orders. If US consumers come to expect this level of custom design in their cars it could filter down to the economy models and thus signal a massive change for an industry essentially built upon mass production of similar products.