Car companies news

JC Bamford Excavators, the structural and road engineering manufacturer, may become the owner of Jaguar car manufacturer brand as Anthony Bamford, the chief of JC Bamford Excavators, announced. He informed that his company bears definite interest towards Jaguar purchasing endowing it with immense inactivated potential.

As known, JC Bamford Excavators company recently was much-talked-of after Andy Green set new world record for diesel vehicles piloting the supercar constructed by the company. In fact, the record overshadowed the previous achievement for over 160 km/h.

Ford, the current owner of Jaguar stated that wide-scale restructuring plan lead by this car manufacturer means potential alliances with other companies as well as selling some brands.

TVR Company postponed automobiles manufacture recommencing this week after summer vacation break. The situation was caused by the lack of components necessary for cars assembling. As TVR officials stated the delay in manufacture start came the result of production managers miscalculations.

Thus the company had to send the whole TVR factory staff including 210 employees to finish their vacations so that to start working next Monday.

For the record, not long ago Nikolai Smolensky, TVR’s chief, announced that the company will continue manufacturing automobiles at old Blackpool located factory until the new plant will be erected. Remarkably local Blackpool authorities marked out already a special area for new factory new the airport.

Bugatti Company, the part of Volkswagen AG may become a bankrupt owing airbags installed to Bugatti automobiles don’t meet new American coming in September 2006 standards. This is what Bugatti informed NHTSA via official letter.

As became aware, new security standards will require essential recasts of Bugatti Veyron model which is delivered to the US car market with $1.5 million pricing. This in its turn will entail in 10% price rise. As Bugatti officials advised the recasts may cause catastrophic consequences.

According to coming security standards all automobiles in the US are to be equipped with sensible airbags able to identify the passenger – whether it is an adult or a child – so that to correct inflating speed.

This situation arose in Bugatti in the light of its 2-year unprofitableness. In addition as Thomas Bscher, Bugatti president, stated three coming years will bring Bugatti $4 million more in financial losses.

Hyundai Motor Co has improved its rate according to the 2005 car owner poll. The study included two categories concerning vehicle dependability (VDS) and customer service (CSI).
According to VDS the number of defects and failures discovered in 100 Hyundai reduced by 115 points (31%) compared to previous studies. Consequently Hyundai went up by 12 points in the rate.
Moreover Hyundai NF was declared one of the best safety cars recently gone on sale. In 2004 the model was highly estimated in its class concerning the original vehicle quality. The NF success demonstrates clearly a systematic work of the company to eliminate defects and to improve the quality of cars.
It should be mentioned Tucson released by Hyundai in 2005 received favorable reviews during the first year of its production. The J.D. Power and Associates experts declared the car the most qualitative vehicle of 2005.
As to CSI, Hyundai Motor Co went up from 34 to 26 (by 8 points (!)) in the world company rate. The result twice exceeded the average figure of quality improvement for customer service market since 2000.
The J.D. Power and Associates Study reflects Hyundai progress in improving all the rate quality from production to sales.

Nanjing, the Chinese automotive manufacturer, has proclaimed plans for building an engineering plant for assembling coupes and roadsters MG TF in the US. Earlier the company had bought the British bankrupt manufacturer MG-Rover and is going to extend its business around the world.

The projected enterprise will be built in Oklahoma and is supposed to be put into operation in 2008. The newly formed subsidiary company MG Motors of North America proves the Nanjing firm resolution to open up the perspective American car market. Duck Hailey has been appointed as a chief of the subsidiary.

He has a wide experience in management working with Volvo, Mazda, Isuzu and Lotus. Besides the US, MG TF will be assembled at the present plant MG Rover in Long Bridge (the term of lease was prolonged for 30 years) and in China.

“Daimler-Chrysler” has finally resolved to export Smart in the United States in 2008. The privilege to sell the new version Smart fortwo is owned to “UnitedAuto” having an exclusive right to sell the model in the U.S.A. The U.S. market is the 37th one the car is to be exported in. Among other models Smart is the smallest displacement car in the United States.

Severstal- Avto (SVAV) has reached an agreement with the Fiat Group for producing Fiat Ducato in Russia. The production is planned to start at the end of 2007 in the town of Elabuga (Tartarstan).

The enterprise production volume is 75.0000 units projected. The greater part of the production is meant for Fiat export markets. At the moment SVAV has a license agreement with the Fiat Auto for producing Fiat Palio and Fiat Albea as well as Fiat Doblo with production started in 2007. Besides Fiat cars, SVAV produces automobiles of UAZ and SsangYong.

The BMW Group Sales
The BMW Group has made a year-to-date sales report. According to the data the Group had sold 180,857 vehicles, an increase of 5.3 percent over the 171,683 units sold in the first seven months of 2005.
BMW Brand Sales
BMW Brand sales were up 7.7 percent year-to-date, to 157,303 vehicles in comparison with 146,042 units sold in the first seven months of 2005.
BMW Automobile Sales
Year-to-date sales of BMW brand automobiles were up 15 percent, to 123,197 automobiles in comparison with 107,152 in the same period of 2005.
BMW Sports Activity Vehicle Sales
Year-to-date sales of BMW Sports Activity Vehicles were off 12.3 percent, to 34,106 vehicles in comparison with the 38,890 units in the first seven months of 2005.
Certified Pre-Owned
CPO year-to-date sales were up 19.2 percent, to 51,416 over the 43,150 reported in the same period in 2005.
MINI Brand
MINI Automobiles
MINI USA year-to-date sales of 23,554 automobiles, a drop of 8.1 percent, in comparison with the 25,641 units reported in the first seven months of 2005.
The data given above reflect year-to-date sales only.

The Japanese Mass Media is supposed the data to be very high. The operational profit in the second quarter is expected to increase 23 per sent and to be 4.3 bill USD. The amount of sale is expected to increase 10 per sent amount to 48 bill USD.
Production recalls, scandals connected with the former US Toyota CIO don’t seem to affect the Company profit. Everything adds up to the assumption Toyota will declare about 17.4 bill USD net profit at the end of the financial year.

Hyundai Motor Co. total worldwide sales volume in the first quarter of 2006 amounted to 418 437 automobiles with 4.4% increase to 2005 rate in the same period. Sales benefit rate was estimated at 6.8615 billion won with 11.2% growth. As expected won consolidating towards US dollar negatively affected the Hyundai benefit as well as the increased costs of labor and materials.

At the same time gross Hyundai benefit amounted to 1.3004 billion won (11.4% growth to 2005) while pure benefit decreased in the first quarter of 2006 37.5% to 318.8 billion.

Export supplies of Korea located Hyundai three factories made 276 678 autos that is 1.8% less than of the 2005 figures. Manufacturing output slow down was connected to extending production capabilities abroad – at the Hyundai factories in USA, India, China and Turkey. Financially speaking the exporting supplies of Korea grounded plants numbered 3.9673 billion won with 0.8% decrease to previous year.

Remarkably that in the light of production reduction the sales rate for Korea inner market gained 19% of rise with totally 141 759 automobiles sold.