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Mazda's new Mexican plant capacity rises to 230,000
Sat, 05 Jan 2013After the turmoil of last year, 2013 is getting off to a much better start for Mazda. The company has issued a release indicating that the forthcoming plant in Salamanca, Mexico has had its production capacity raised even though it isn't scheduled to go online until March 2014. The original plans called for a 140,000-unit capacity, 90,000 of that allotted for the Mazda2 and Mazda3, the remaining 50,000 for a small car Mazda would build for Toyota that would be based on the Mazda2. The new plans call for raising that by 90,000 units to a total of 230,000 units within two years, by the end of March 2016, and it looks like it will all go toward Mazda production to satisfy growing demand for Skyactiv vehciles. The Mexican plant's opening will be the return of Mazda manufacturing to North America, after Mazda6 production was moved back to Japan last year.
More good news for the company is that it projects 10 billion yen ($114 million) in net income for the financial year that will end in March. That would be a welcome turnaround from the 100-billion-yen loss in the previous financial year, part of a series of three annual losses in a four-year span.
You'll find the press release with the factory update below.
Toyota raises Japanese base wages for first time since 2008
Fri, 14 Mar 2014Toyota is on track for record profits, and in return, its Japanese workers are receiving their first increase in base wages since 2008, plus higher pay based on seniority and a larger bonus for 2014. The Japanese automaker predicts the average laborer will net a 2.9 percent income gain.
The average Toyota employee will earn 2,700 yen ($26.28) more each month, a 0.8 percent increase from last year. Workers will also receive about 7,300 yen ($71.09) more monthly based on seniority and promotions. Finally, the company's union pushed through a median bonus of 2.44 million yen ($23,768) for 2014, the highest in 6 years.
The pay boost comes as Toyota forecasts a record 1.9-trillion yen ($18.5 billion) profit for the fiscal year ending on March 31, according to Bloomberg. It has been helped by the Japanese government's efforts to weaken the yen on international markets and expand inflation. Prime Minister Shinzo Abe has been asking businesses to increase compensation to end years of deflation and offset upcoming higher sales taxes. Honda and Nissan have also raised their wages there in recent months.
There's a familiar ring to this 1966 video of GM's hydrogen ElectroVan
Thu, Dec 18 2014"What we need is fuel cells that can run on a hydrocarbon fuel and air." It can be fun and educational to revisit the past as we look into the future. While we do have cars that plug in today, the first big batch of hydrogen powered vehicles is not yet arrived (but the Hyundai Tucson Fuel Cell CUV is leading the way). The idea of hydrogen as a promising future technology was also true in 1960s, when General Motors made a promotional movie for the ElectroVan. Turns out, the future then shared more than a little with the future now. As you can see in the short promotional video below for the hydrogen-powered ElectroVan, a modified 1966 GMC HandiVan, a big hurdle in the mid 1960s was the difficulty of obtaining hydrogen fuel. GM offered a possible solution at the time: "Hydrogen and oxygen are expensive and impractical fuels for a car. What we need is fuel cells that can run on a hydrocarbon fuel and air." Unlike today's hydrogen fuel cell cars, the ElectroVan used liquid hydrogen-oxygen fuel cells to get a range of between 100 and 150 miles. Not bad for the first hydrogen fuel cell-powered vehicle in the world. GM tested the ElectroVan on the GM grounds before sending it into storage and then to the company's heritage center. For another view to the past, this time with some focus on electric vehicles, take a look at a video from the 1994 Chicago Auto Show, also available below. Twenty years ago, the green vehicle hype was on the Toyota EV-50 electric car, the solar-powered Honda EVX (and a solar Honda racing car) and a hydrogen-powered Mazda Miata. The announcer's enthusiasm is contagious, but as we all know, none of these vehicles ever made it to dealerships. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. News Source: Chicago Auto Show, Bangshift via YouTube Green GM Toyota Technology Emerging Technologies Electric Hydrogen Cars Videos