Global auto makers sold nearly 6.2 million vehicles in October,marking an 8.8% increase over year-ago, the third-lowest gain in 2010 and a slight drop fromSeptember’s 10.2% rise.
October’s result was hampered by the fourth-straight month of year-over-year declines in Europe, where deliveries of fewer than 1.6 million vehicles represented a 4.5% drop from prior-year.
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Toyota, Panasonic Seek Expansion Into Green-Housing Sector
The Washington Post (11/20, Kojima, Nakagawa) reported, “Toyota Motor Corp. and Panasonic Corp., areattempting strong advances in the housing sector,” anticipating “huge opportunities…for energy-saving technologies.”Both manufacturers “have been pushing their subsidiaries to do more to exploit the growing preference for environmentallyfriendly homes. Toyota has integrated certain operations with subsidiary Toyota Home with a view to adaptingautomobile-manufacturing techniques to the housing sector,” and last month “announced a new design concept for homes.”Meanwhile, “Panasonic has combined its most advanced technologies in an experimental ‘eco home’ built by its PanaHomeCorp. subsidiary.”
Boston Scientific To Acquire Heart Valve Manufacturer
The Boston Globe (11/20, Weisman) reported, “Boston Scientific Corp., moving to boost sluggish sales growth,said it has agreed to pay up to $450 million to acquire Sadra Medical Inc., a Los Gatos, Calif., company that makes gear foraortic valve replacements.” Boston Scientific “will make a $225 million upfront payment for Sadra, plus potential additionalpayments up to $225 million if it meets certain revenue and regulatory milestones over the next six years.”
Bloomberg News (11/19, Olmos, Lopatto) reported Boston Scientific “faces an industrywide slowdown in its two biggest markets, heart-rhythm devices and cardiac stents used to open clogged arteries. The company will cut costs to improve profitability over three years, and seek to double sales growth to 6 percent to 8 percent within five years.” The acquisition of Sadra “puts Boston Scientific in competition with heart-valve maker Edwards Lifesciences Corp., of Irvine, California, and Minneapolis-based Medtronic Inc., which paid $700 million to acquire CoreValve, another valve maker, in 2009.” The San Francisco Business Times (11/19, Sailors), and the Wall Street Journal /Dow Jones Newswire (11/22, Kamp) also reported the story.
New Items for Sale at the Die Casting Equipment & Supplies Exchange!!
Recently, NADCA launched its newest tool to help address the die castingindustry
- The Die Casting Equipment &Supplies Exchange
- where users can post items to sell and search items to buy, as well as placerequests for an item that you are looking for. The site is easy to use and acts as a type of classified”hub” for buying, selling, and requesting equipment and supplies. For only $10, your item can be listed -complete with description, image, and asking price.
Check out some of the new items that have been put up for sale by users recently:
- Prince Vacuum System
- Comes with Vacuum Valve, Actuator and accessories.
- Gooseneck for Kux BH-120; New and Resleeved Quantity 4. One new, never used. Two others freshly resleeveed. Onoe has been used a few days after resleeving and taken out when the machine was taken out of circulation.