plus 3, At Geneva auto show, the hybrids keep rolling in - San Jose Mercury News |
- At Geneva auto show, the hybrids keep rolling in - San Jose Mercury News
- TransUnion: Auto loan delinquencies decline in 4Q - BusinessWeek
- Is the New Era of Medical Devices Here? - Stockhouse
- GM's China Sales up 51 Percent in February - ABC News
At Geneva auto show, the hybrids keep rolling in - San Jose Mercury News Posted: 02 Mar 2010 08:14 PM PST GENEVA — Hybrid or hype? More automakers rolled out their newest hybrids, or announced plans to do so, at the Geneva Auto Show on Tuesday, presenting the question: Is the future now, or is this just attention-grabbing while the real powerhouse of the automotive world remains king combustion? For the time being, most automakers are hedging their bets. Porsche kicked off the show with a hybrid version of its Cayenne S sports utility vehicle, and also showed off a hybrid Spyder concept. French group PSA Peugeot Citroen SA is launching hybrids in 2012. And Toyota aims to have a hybrid across every model range by 2020. Executives cite consumer demand for gasoline-electric powered cars and the drive to stay competitive as fuel efficiency standards get stricter. "Our experience with Prius and other hybrids tells us that market acceptance of hybrids is growing," said Toyota Europea Vice President Andrea Formica. Last year, 530,000 customers purchased hybrids around the world, up 24 percent from 2008, and in Europe, Prius sales in a difficult market increased 3 percent in 2009 to 44,000 units. "Drivers of hybrids are no longer pioneers or early adapters. They are more and more mainstream buyers," Formica said. But while the world's largest car company can point to the third generation of its successful Prius range for its green credentials, most manufacturers have bet the firm on improving their gas-powered vehicles for the foreseeable future. Some appeared content to offer hybrids as little more than a moral fig leaf for consumers who feel guilty about their carbon footprint."Hybrid sales are not booming in any part of the world," said Saab CEO Jan Ake Jonsson. "One reason being, of course, is it is a very expensive proposition, and today's gasoline and diesel applications are getting more and more efficient." "Many people are asking themselves, for another two miles per gallon or whatever it might be, is it really worthwhile paying $5,000 or $6,000 for a hybrid solution?" he asked. "I think the hybrids need to be a little more cost efficient until we see a volume." Saab, of course, has its own set of problems, relaunching an automaker that sputtered to a standstill in the absence of buyers until the Dutch automaker Spyker made a deal in December. Right now Saab is focusing on restarting production and filling its distribution chain — but Acker says hybrid solutions will be part of all vehicles in the future. That can range from full hybrids, which alternate between gasoline and electric engines to achieve improved fuel economy, to so-called partial hybrids, or cars with such features as start-stop technology, which automatically shuts down and restarts an engine when stopped to reduce idling and reduce carbon emissions. Porsche CEO Michael Macht touted the Cayenne as "a milestone on the way to electric mobility" for the Volkswagen brand, even as Porsche's head of development acknowledged the powerful SUV can manage only 2.8 miles in pure electric mode. "Our aim is to get a double digit range in the medium term," said Wolfgang Duerheimer. Selling from $61,000 in the United States, it is the German carmaker's first production hybrid. Daimler has already achieved that with its F800 Style research vehicle. The striking executive limousine has an electric-only range of 18.6 miles (30 kilometers). Chief executive Dieter Zetsche told reporters the hybrid models were a conscious effort to boost Daimler's reputation among environmentally conscious consumers, but also make long-term sense as the company sees real potential for electric cars in the future. Daimler sells a fifth of its S-class saloons as a hybrid version — a fraction of total annual sales across its product range. In Geneva, Daimler added the E-300 BlueTEC diesel-electric to its hybrid lineup, and announced plans for a joint venture with BYD to produce an electric car for China. BMW went for a tried and tested gas-only formula with the redesign of its best-selling 5-series model and the new Mini Countryman, both of which were unveiled in Geneva. Still, the Bavarians said they are working on a hybrid 5-series that automatically switches to electric mode once the car leaves the highway. Audi, Nissan, Chevrolet and Mitsubishi all have various hybrid and electric vehicles in the pipeline, mostly with modest sales figures in mind. Opel is pushing its lithium-battery powered fully electric Ampera hatchback, introduced two years ago at Geneva. This year, Opel Chef Nick Reilly drove one part way from Germany to the auto show this year in a publicity stunt. Yet the twin sister to the Chevy Volt manages only 40 miles (60 kilometers) on batteries before having to switch to combustion. The Volt goes on sale at the end of this year, the Ampera at the end of 2011. In the United States, the market share for hybrid vehicles rose from 2.4 percent to 2.7 percent last year. Toyota's Prius accounts for half of those, with the only other mass market models — Ford's Fusion hybrid and Honda's Insight — trailing far behind. For many automakers, hybrids are still about improving their image, said IHS Global Insight analyst Rebecca Lindland. She said drastic regulation and gas price increases may be the only way to push consumers — and manufacturers — to embrace hybrids in bulk numbers. PSA Peugeot-Citroen plans to launch the Peugeot 3008, a plug-in hybrid with diesel, in 2012, as well as the Citroen DS5 Hybrid as part of its goal to have 1 million cars in its fleet below 120 grams of carbon dioxide per kilometer by 2012. By 2020, CEO Phillipe Varin thinks hybrids will grab as much as 15 percent of the market. "We think that probably hybrids are going to be the area to give the most development in the years to come," Varin said. "We think hybrid may be more important than electronic vehicles." ——— Associated Press Writer Eliane Engeler contributed to this report. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. This posting includes an audio/video/photo media file: Download Now |
TransUnion: Auto loan delinquencies decline in 4Q - BusinessWeek Posted: 01 Mar 2010 11:32 AM PST NEW YORK TransUnion said Monday that customers at least 60 days past due on repaying auto loans fell 6 percent during the fourth quarter compared with the same period a year earlier. The 60-day delinquency rate on auto loans dropped to 0.81 percent. The delinquency rate was unchanged from the third quarter. Auto loan delinquencies could be improving because of more favorable terms and deals in recent months for new cars, including the government's Cash for Clunkers program, Peter Turek, TransUnion's automotive vice president in its financial services business unit, said in a release. The improving trends in auto loan delinquencies came as more customers fall behind on repaying mortgages and credit card debt. The credit data provider said 6.89 percent of mortgage borrowers were at least two months behind on payments during the fourth quarter. It was the 12th straight quarter the delinquency rate rose. The delinquency rate, which is seen as a precursor to foreclosures, was 6.25 percent during the third quarter and 4.58 percent during the final quarter in 2008. Mortgage delinquencies and defaults remain a major problem facing the economy. A collapse in home sales and prices, as well as rising defaults, helped push the country into recession. Signs of a recovery in the market have been slow and uneven in recent months. Credit card delinquencies also rose. Customers at least three months late on making a credit card payment rose to 1.21 percent during the final three months of 2009. However, average credit card debt fell to $5,434 from $5,729 during the same quarter a year earlier. TransUnion tracks the data by randomly sampling 27 million anonymous consumer records every quarter from its national consumer credit database. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
Is the New Era of Medical Devices Here? - Stockhouse Posted: 03 Mar 2010 12:03 AM PST http://waynesgridiron.blogspot.com/2010/02/new-era-of-medical-devices-is-it-here.html Advances in technology have given us a lot more than iPods and netbooks. Ever since the day man first set foot on the moon, the pace of technological advancement has been phenomenal, and nowhere is that more evident than in medical technology. These medical advances have their basis in early technologies. For example, when the Internet was first conceived, nobody ever thought that the arcane academic experiment would eventually be used to create "virtual companies" with no walls, electronic classrooms that connect students in the most remote villages in the third world, and to conduct commerce on a widespread basis. In the medical community, the new era of remote connectivity has led us to innovations such as remote diagnosis, electronic medical records, and remote monitoring of patients with heart conditions. The current system of continuous monitoring of a patient's cardiac condition has not kept up with the technology however, and it tends to involve several steps. The cumbersome process is labor-intensive and requires the patient to take a substantial active role, or may even require multiple in-home visits. The goal of physicians and clinicians however, is to automate as much of this monitoring That is precisely what a company called Cardiac Network has done. Innovation sometimes involves coming up with new technology, and sometimes it involves using existing technology in new and different ways. The Cardiac Network device offers a little bit of both. The lightweight device is completely new; and its usefulness is made even greater by combining a heart monitor with wireless technology and a GPS locator. The problem with existing self-monitoring systems is that the patient, upon feeling the onset of a cardiac event, must press a button on the device to start recording heart function, and then they must manually transmit the information over the phone. The Cardiac Network "auto trigger" overcomes those manual processes with a system that automatically records the cardiac event, and then uses an auto-send feature to automatically connect to a wireless or WiFi network to send the information to medical personnel. The obvious question is, what happens if the patient is alone and incapacitated? Or what if they are away from home when the cardiac event occurs? One of the biggest problems faced by heart patients and their families is worrying about an episode when nobody is around. The Cardiac Network's innovative and proprietary network overcomes these limitations by incorporating an auto-send process, GPS locator, and wireless access. The system is designed to automatically detect when a patient is in distress, and transparently send a notification to the patient's physician or to emergency personnel. Did you hear that?!! ![]() Under an agreement with med mobile, the Cardiac Network system includes a Personal Emergency Response System (PERS) with an integrated GPS, which can provide highly accurate tracking information if the system detects a cardiac emergency. Much like the General Motors' OnStar system, Cardiac Network allows patients to speak directly with the monitoring center, where medical technicians can communicate directly with the patient's physician and with emergency response personnel. The first device of its kind, the monitoring device is connected to a secure, central database that holds all ECG data of each patient. A user-friendly online interface allows both patient and physician to access information 24/7. The device is expected to be demonstrated later in 2010. I feel that Cardiac Network is one of the most exciting things I have come across in the 11 years I have been working with young up and coming companies. Take a look for yourself. WaynesGridiron loves Cardiac Network. Companies in this space that should take a hard look at CNI could consist of Hewlett Packard, General Electric, Siemens, Nokia, LG, ADT Home Security just to name a few. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
GM's China Sales up 51 Percent in February - ABC News Posted: 03 Mar 2010 12:32 AM PST
General Motors said its February vehicle sales in China rose 51 percent from a year earlier on strong demand for Chevrolet and Cadillac models as well as its popular minivans. The 174,306 vehicles sold by General Motors Co. and its joint ventures in China in February was a company record for the month, it said Wednesday, though well below the 219,192 vehicles sold in January. That could reflect slower sales due to the Lunar New Year holiday, but also a softening in demand for small cars that have powered the company's growth in China, the world's biggest auto market, over the past year. "Our February sales numbers exceeded our expectations despite the Spring Festival holiday," Kevin Wale, president and managing director for GM China Group, said in a statement. "The continued strong market demand portends another record year for both the industry and GM in China in 2010," he said. The bulk of GM's were still by SAIC-GM-Wuling, GM's minivehicle joint venture, which sold 110,315 units, up 37.7 percent from the year before, the company reported. Sales by GM's flagship in China, Shanghai GM, climbed 65.7 percent to 58,182 units, with demand for Chevrolet models accounting for more than 40,000 of that total. Sales of Cadillacs more than tripled to over 900 units. GM's sales in China climbed nearly 74 percent from a year earlier in the first two months of the year, to 393,498 units. Automakers are looking to China to offset weak demand in traditional markets and to drive future growth. Last year, China overtook the United States as the biggest auto market with a 48 percent jump in sales, helped by government tax breaks and subsidies meant to encourage purchases of energy efficient, small vehicles. Analysts expect sales growth to slow this year, though so far the market has kept relatively strong momentum. China's official auto sales figures are due for release next week. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
You are subscribed to email updates from Add Images to any RSS Feed To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
Google Inc., 20 West Kinzie, Chicago IL USA 60610 |
0 Response to "plus 3, At Geneva auto show, the hybrids keep rolling in - San Jose Mercury News"
Post a Comment