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Tagged: auto

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Auto
10:23 am
Wed July 25, 2012

Ford's little engine that could challenge hybrids

Credit Courtesy of Ford Motor Co.
The 2011 Frankfurt Motor Show in Germany featured Ford Motor Co.'s new three-cylinder EcoBoost engine, which will hit the U.S. market next year.

Originally published on Wed July 25, 2012 9:37 am

Ford Motor Co. intends to prove that good things come in small packages — really small packages. The company has taken engine downsizing to a new level with its new three-cylinder EcoBoost engine, which has been introduced in Europe and is set to hit the U.S. market next year.

The EcoBoost offers more power than many conventional four-cylinder engines, with fuel economy numbers a hybrid could envy. Early fans are calling it a modern "little engine that could," and Ford is betting that American customers are ready to embrace a three-cylinder engine.

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Auto
10:40 am
Fri July 20, 2012

Deadline day for GM retirees pension buyout offer

GM Renaissance Center in Detroit
Credit John F. Martin / Creative Commons
GM's headquarters in Detroit.

Today is the deadline for more than 40,000 General Motors retirees to accept their former employer's offer of a lump sum buyout of their pensions.

Otherwise, their pensions will be taken over by Prudential Insurance.

GM's Randy Arrix said the change is part of the company's efforts to create what it calls a "fortress balance sheet."  Getting underfunded pensions off the books strengthens the balance sheet.

"Pension obligations are very volatile, and they're volatile because they're dependent on some things within our control like contributions, and other things that are not, said Arrix.

Some GM retirees are angry about the change, which they see as a broken promise by GM, but for others, the buyout is an opportunity to control their own money.

Environment & Science
9:00 am
Tue July 10, 2012

Retooling brake pads for salmon

Credit Washington Department of Fish & Wildlife

Washington and California recently adopted laws that ban all but traces of copper in automotive brake pads by the year 2021. The two states say the metal gets into watersheds and hurts endangered salmon. The decision could change the way brakes are made around the world.

Copper is a great material for brakes. It's durable, and it absorbs heat and noise. But it comes with an environmental price.

"Each time a driver uses their brakes, a small amount of the material gets worn off, and when it rains, that can be washed into streams and rivers," said Ian Wesley, who's with the Washington State Department of Ecology.

About a third of the copper in some watersheds in California and Washington State comes from brakes. And copper is not good for salmon, because it wreaks havoc with their ability to smell.

Salmon release a pheromone when they perceive a threat. Other salmon react to the scent by dropping to the bottom of the water and staying there, very still.

"When they do that, it helps them avoid the predators, but if there's even very low levels of copper in the water, they can't smell this pheromone, and they continue to swim around kind of oblivious to the danger that's nearby," said Wesley.

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Auto sales
5:32 pm
Tue July 3, 2012

No surprise, June auto sales were good. Surprise, they were better than we thought

Robust U.S. auto sales have been helping to keep a floor on the U.S. economy for months, and they kept up the good work in June.

Car sales surpassed the expectations of many analysts.   

The good news included Detroit car companies.  Ford sales rose 7% and Chrysler sales jumped 20% compared to June a year ago.

General Motors sales increased nearly 16%.

GM's Kurt McNeil says he expects a good second half of the year, too.

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Auto
10:56 am
Fri June 15, 2012

New schedules push graveyard shift off the clock

Credit Scott Olson / Getty Images
A worker builds cars on the assembly line at Ford's Chicago Assembly plant, which has adopted the "three crew" work schedule. The new third shift can increase efficiency in factories, but it can also wreak havoc on sleep needs and home lives.

Originally published on Thu June 14, 2012 10:54 pm

As car companies struggle to meet growing demand, the third shift is making a comeback. But many factories running on three shifts are doing it differently from in the past. And that new "three crew" shift pattern could make what's normally a hard job even harder.

At Ford's Michigan Assembly Plant in Wayne, employees work 10-hour shifts four days a week. The so-called A crew gets days, while the B crew gets afternoons. But the C crew shift rotates its start time every week. On Fridays and Saturdays, workers start at 6:00 a.m. On Mondays and Tuesdays, they start at 4:30 p.m.

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Auto
2:03 pm
Tue June 12, 2012

GM shareholder meeting today amid sagging stock numbers

Update 2:03 p.m.

General Motors CEO Dan Akerson told stockholders at today's annual meeting that "he regrets GM's stock hasn't done well." GM's stock price is hovering around $22 a share.  

That's a big drop from 2010, when GM held an initial public offering and the stock sold at about $33 a share.

"I mean it's great we had a good year last year, why is the stock down? Because there's uncertainty into the future.  The most obvious is, uh, Europe," said Akerson.

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