Tuesday, November 28, 2006

Automotive news


Setco Automotive Declares Maiden Dividend Of Re. 1/sh For FY06
Nasdaq Tue, 28 Nov 2006 1:30 AM PST
(RTTNews) - Setco Automotive informed that the Board decided to declare a maiden dividend of Re. 1.00 per share for the fiscal year 206. The Board also decided to acquire a manufacturing facility overseas through its subsidiary and to make investment in company's overseas subsidiary.

D&M Holdings Inc. to Acquire Philips Sound Solutions, Expanding OEM Automotive and Consumer Businesses
FinanzNachrichten Tue, 28 Nov 2006 6:08 AM PST
Philips Sound Solutions (PSS) has strong market positions in high-quality, Hi-Fi audio products for the B2B automotive and consumer electronics markets. Key automotive customers include: BMW, Volkswagen, Toyota (Europe), Seat, and Jaguar. Key consumer customers include Philips, Dell and Nokia.

Panasonic sets up Thai automotive systems Co
The Nation Mon, 27 Nov 2006 11:55 PM PST
Panasonic Automotive Systems Company, a division company of Matsushita Electric Industrial Co, Ltd, announced it will establish Panasonic Automotive Systems Asia Pacific (Thailand) Co, Ltd on December 1, 2006 in Thailand.

Registration Begins for the 2007 North American International Auto Show Automotive Education Day Featuring Female Racer
PR Newswire via Yahoo! Finance Tue, 28 Nov 2006 8:36 AM PST
Students are invited to participate in the 2007 North American International Auto Show Automotive Education Day.

Automotive Hall of Fame Announces 2007 Distinguished Service Citation Recipients, 2006 Industry Leader
The Auto Channel Mon, 27 Nov 2006 6:12 PM PST
DEARBORN, Mich., Nov. 27, 2006 -- The Automotive Hall of Fame has announced its 2007 Distinguished Service Citation Recipients.

Hydro Divests Automotive Castings Business
PrimeZone via Yahoo! Finance Tue, 28 Nov 2006 7:51 AM PST
OSLO, Norway, Nov. 27, 2006 -- Norsk Hydro ASA has agreed to sell its European automotive castings business to the Mexican group Nemak. In addition Hydro, the Norwegian energy and aluminium group, will sell its share in a Mexican castings plant to the joint venture partner Grupo Industrial Saltillo.

Ford plans $18 billion in financing to fund restructuring, make up for automotive losses
The Times of Northwest Indiana Mon, 27 Nov 2006 10:50 PM PST
DETROIT | Ford Motor Co. said Monday it plans to get about $18 billion in financing to help fund its restructuring and make up for anticipated losses in its automotive operations over the next two years.

Regulator ICs set automotive options
Embedded Systems Programming Magazine Mon, 27 Nov 2006 6:00 PM PST
Sunnyvale, Calif.รข€”Maxim's MAX6765-MAX6774 family of linear regulators, with a wide variety of options, delivers up to 100 mA for automotive applications. These devices draw just 31 microamps and thus are particularly suited to always-on modules.

More sales for Clemex in the automotive industry
CNW Group via Yahoo! Finance Tue, 28 Nov 2006 6:00 AM PST
Clemex Technologies Inc. announces today that it has received orders totaling $403,000. in October for several new image analysis systems from major automotive industry players in the US.

New "Automotive Gear Lubrication" course offered by Chevron's Lubricants University
The Auto Channel Mon, 27 Nov 2006 1:30 PM PST
Dear AutoChannel, I wanted to let you know that today, Chevron's Lubricants University expanded its course offerings to include "Fundamentals of Automotive Gear Lubrication."

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