Subscribe to our free daily newsletters
  Space Industry and Business News  




Subscribe to our free daily newsletters



CAR TECH
Kongsberg signs deal with Renault

GM sells steering unit to Chinese investment group
Detroit, Michigan (AFP) July 8, 2010 - US auto giant General Motors has sold its Michigan-based steering gear manufacturer Nexteer to a Chinese investment group. Pacific Century Motors, an entity formed by The Tempo Group and an affiliate of the Beijing municipal government, will acquire all of Nexteer's operations, which has 6,200 employees around the world including China. The deal includes 22 manufacturing plants, six engineering facilities and 14 customer-support centers in North and South America, Europe and Asia. Terms of the sale, which is expected to close by the end of the year, were not disclosed.

"The sale of Nexteer to PCM supports our objective to focus on our core auto business and is the final step in our efforts to position Nexteer as an independent supplier," a statement from GM said. "The sale better enables Nexteer to take advantage of anticipated growth in the global auto industry with a variety of automakers," said GM vice chairman for corporate strategy and business development Stephen Girsky. "Ultimately, it's a move we believe will make it a more vibrant and healthier business."

Nexteer's headquarters will remain in Saginaw, Michigan and PCM said it intends to honor the terms of the new five-year labor agreement. "Today's announcement reflects a win-win situation," said Zhao Guangyi, chairman of PCM and its affiliate E-Town Development Area. "The new ownership will provide access to not only continued capital investment but also new growth opportunities, which will allow Nexteer to continue its growth worldwide in technology and manufacturing, and particularly enable greater access to untapped business in the China market," Zhao said. GM reported a post-bankruptcy quarterly profit in May for the first time in three years on the back of a jump in sales and cost-cutting measures.
by Staff Writers
Oslo, Norway (UPI) Jul 7, 2010
Kongsberg Gruppen signed a $21.7 million contract to supply its Protector remote weapon stations to equip the French army's Renault VAB armored personnel carriers.

The contract is part of a $77.5 million framework agreement the Norwegian company, with headquarters in Kongsberg, signed with Renault Truck Defense in May 2008.

The latest contract with RTD will see the Kongsberg Protector RWS mounted on the 4x4 adaptable amphibious vehicle, which can accommodate 12 people and has a maximum road speed of nearly 60 mph.

The Protector RWS is a remote-controlled, light-weight turret weapon station for light- and medium-caliber weapons and can be mounted on any type of platform. The weapon station enables the operator to keep his sights on target, regardless of the ballistic solution for the ammunition in use.

The medium-caliber cannon and coaxial machine gun combined with optional non-lethal effects provides the vehicle crew with the necessary tools to engage in a wide spectrum of situations, Kongsberg said.

The medium-caliber RWS, Kongsberg's largest RWS, was unveiled for the first time to the European market at Eurosatory 2010 in Paris last month.

One model of the protector series was unveiled at General Dynamic's stand at Eurosatory mounted on Mowag's new Piranha Class 5 wheeled armored vehicle. Another model was showcased at the stand for Finnish defense company Patria, mounted on Patria's armored modular vehicle.

Kongsberg has more than 5,400 employees in 25 countries and supplies high-technology systems to customers in the oil and gas industry, the merchant marine sector as well as defense and aerospace industries.

The business went through a major reorganization in January 2009 when its Kongsberg Maritime and Kongsberg Defense & Aerospace were divided into four business units -- Maritime, Oil and Gas, Defense Systems and Protech Systems, which supplies the Protector RWS.

Kongsberg said it has more than 6,000 Protector systems in active service worldwide, mounted on multiple platforms. By last year, Protector had been chosen by 17 countries.

In April, Kongsberg won a $92.2 million contract with the U.S. Army. The contract was part of the Common Remotely Operated Weapon Stations framework agreement for up to 10,349 systems.

The original CROWS II framework agreement was disclosed to the Oslo Stock Exchange on Aug. 22, 2007, but signed in December 2009.

CROWS is a joint acquisition program for weapon stations for the U.S. Army. A common solution will result in substantial efficiency gains in respect of protection, training, support and further development, said Kongsberg.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Car Technology at SpaceMart.com



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


CAR TECH
EU clears Volvo takeover by China's Geely
Brussels (AFP) July 6, 2010
The European Union's competition watchdog cleared on Tuesday the takeover of Sweden's Volvo Cars by Chinese automaker Zhejiang Geely Holding and the regional investment fund Daqing. The European Commission said the transaction "would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it." The commission found that the overlap bet ... read more







CAR TECH
Wake up, check Facebook

Apple to issue patch for iPhone 4 antenna woes

Apple hit with lawsuit over iPhone 4 antenna woes

New Multi-Year LTA With EADS Astrium To Power All GEO Satellites

CAR TECH
NGC To Compete For US Army EMARSS

Directional Network System For US Fleet Forces Command

VoIP Phones For Defense Manufacturers And Militaries Worldwide

WIN-T Team Completes Design Milestone For Key Subsystem

CAR TECH
SBSS Launch Delayed

ISRO To Launch Five Satellites On July 12

Orbital Rockets Selected To Launch Two NASA Scientific Satellites

Arianespace To Launch Argentine Satellite Arsat-1

CAR TECH
Skyhook Wireless Partners With Samsung Electronics For Leading Location System

Telogis Expands Reach Into Construction And Heavy Lifting Sectors

Global Number Of Traffic Information Users To Exceed 370 Million By 2015

Carrier Corp. Greens Commercial Vehicle Fleet

CAR TECH
Brazil's Embraer expands into China

Australia upgrades older F/A-18 Hornets

Boeing And FAA To Team For Cleaner Skies And Quieter Airplanes

Technology-loving Virgin America goes international

CAR TECH
India's poor scrape a dangerous living in new 'e-waste' jobs

Lawrence Livermore Teams With Fusion-io To Re-define Performance Densi

Toshiba announces 128 GB chip for smart phones, tablet PCs

Walls Falling Faster For Solid-State Memory

CAR TECH
NASA To Fly Into Hurricane Research This Summer

NASA's GRIP To Take Unprecedented Look Inside Hurricanes

TerraSAR-X Image Of The Month: The Nazca Lines In Peru

Predicting Dust Storms With Infrared Satellites

CAR TECH
Peru tells British activist he can stay

Wildlife rescue center is 'emergency room' of BP oil spill

US Navy airship en route to assist Gulf oil recovery

Oil spills blight Nigeria's creeks


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement