U.S. auto industry will have an impact on

Contact us
contact us

International News

U.S. auto industry will have an impact on

U.S. auto industry at stake, Ford, General Motors and Chrysler, the big three auto companies has a CEO Tong Fu Congress to demand government relief. They warned that if the Government does not Helping Hand, the U.S. auto industry and the economy will face disaster.
The U.S. government on auto industry bailout plan as Congress and the White House, sources of funds for the relief the lack of consensus without landing. The same day the Senate Banking Committee held a public hearing, by the U.S. Big Three executive members report to the automotive industry status quo. Bank of America CEO Kenneth Lewis, the United States is also the day that the opposition in the present circumstances the use of financial resources to save car prices. Lewis on the crisis of the Big Three U.S. automakers request for relief regarding "the three companies have to save too much," he says conditions should be saving each company through the merger and restructuring efforts in large-scale layoffs.
    For Members queried the U.S. auto industry today, the consequences of their management problems caused by the chief executive pointed out that now the auto industry to face the risk of collapse of the global financial crisis.
    Currently, Senate Democrats plan by the $ 700 billion relief payments aside $ 25 billion auto industry bailout as gold. However, the White House and Republicans voted against the motion. They believe that Congress previously passed, to support the auto industry $ 25 billion Department of Energy loan scheme can help.
    U.S. Treasury Secretary Henry Paulson House of Representatives who attended the public hearing, reiterated opposition to spend $ 700 billion rescue relief payments position of the automotive industry. He said the relief bill aimed at stabilizing and strengthening the financial system.
    Senate Majority Leader Harry Reid plans in the auto industry bailout test vote. Generally expected, voted to hope is not high.
    U.S. auto industry at risk, providing a large extent affected part of plastic auto parts and other plastic machinery manufacturers and suppliers. Part of the plastic mold manufacturers, especially Ford, GM auto parts suppliers also received the U.S. auto industry downturn, such as Japan, Ube Machinery Corporation, the majority of the company's large-scale machinery is dedicated to General Motors and other large company to do, before the financial crisis and the impact of the U.S. auto industry, has decided to cut the costs of promotion million next year.
    Ube Machinery Co., Ltd. is mainly the Ministry of Heavy Industries to provide equipment for the automotive industry, such as automotive engines, transmissions, etc., as well as plastic interior parts, into the bumpers, dashboards and so on. Ube in the automotive industry can be described as well-known brands such as Toyota are basically used Ube equipment, including Ford, General Motors, Volkswagen and other German automobile industry in the world, ranked the top few car companies are using Ube produced products.
    Japan's Ube Machinery Co., Ltd. was founded in 1914 by the Ube Shinkawa Iron Works evolved, in the machinery industry is a nearly century-old, in a large injection molding machine has the absolute market share. Products include die-casting machines, injection molding machines, extrusion machine, vertical mill, bridge and other bell variety of machinery and equipment. In many parts of Japan and set up a number of overseas production and sales branches, countries around the world contributed to the development of the industry.