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Revenue for Tower Europe is projected at approximately $650 million for full year 2015. He adds that the sale could improve the company’s balance sheet, provide more flexibility to invest its profits, and highlight the growth of its North American business to investors. Malcolm says getting rid of the European division could help the company’s stock price as Tower trades at a lower multiple to its earnings than competitors who only work in North America. "The time is right to evaluate whether the sale of Tower Europe could provide significant additional value for shareholders, as well as benefitting customers and colleagues by strengthening the remaining businesses in Europe and North America," says President and CEO Mark Malcolm. The Tier 1 supplier of structural metal components and assemblies has announced plans to consider the sale of its European division. may be heading back to being Tower Automotive. Livonia, Michigan – Tower International Inc. Doll, president and COO of Subaru of America says, "We have enjoyed record sales for seven consecutive years and the introduction of an all-new, American-made Impreza followed by an all-new larger 3-row crossover will help keep our sales momentum strong." The new model will also result in increased investment at SIA and at several of our suppliers across the country." Tom Easterday executive vice president, secretary, and chief legal officer of Subaru of Indiana Automotive (SIA) says, "We are delighted to be bringing even more Subaru manufacturing to the U.S. Subaru is currently enjoying its seventh consecutive year of sales records and expects to close 2015 with more than 550,000 sales, with sales tripling since 2007. Subaru production in Indiana is projected to be approximately 228,000 units in 2015, and annual capacity is scheduled to grow to 394,000 with the introduction of the Impreza model. When production of the new model begins, Subaru will have four models produced in the U.S.: Legacy Outback a new Impreza compact sedan, and 5-door model beginning production in late 2016 and this new crossover. Subaru officials say the new crossover will get a more adventuresome, and less urban hipster name, to follow the path led by the Outback, Forester, and Crosstrek. The all-new crossover is expected to be built beginning in 2018 and will be a larger vehicle than the Tribeca, with full third-row capability. The as-yet unnamed vehicle would replace the long-gone Tribeca as Subaru’s largest vehicle. “We view the new $30 million reduced scale wind tunnel as an investment towards a better, more energy-efficient future.”Ĭherry Hill, New Jersey – Subaru plans to add a new, three-row crossover to its Lafayette, Indiana plant.
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“The combined capabilities of our new reduced-scale and full-scale wind tunnels allow us to reach industry-leading levels of aerodynamic refinement,” says Ken Morris, vice president, GM Global Product Integrity. The original full-scale wind tunnel will be upgraded next year with its own full-scale rolling road system and other improvements. The new aerodynamic test facility is located next to GM’s full-scale wind tunnel that has been in operation since 1980. Working suspensions with spinning wheels allow aerodynamic engineers to better examine how airflow affects a vehicle’s underbody while in motion, resulting in quieter cars and trucks that can cost customers less to operate.
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Testing reduced-sized vehicles on a simulated road allows GM aerodynamic engineers to reduce wind drag in a full-size vehicle design.Īdvanced 3D printing machines create underbodies and engine blocks that are detailed and to scale for the reduced sized clay models. It is equipped with a conveyor-style rolling road system that simulates real-world highway driving conditions up to a top speed of 155 mph. GM’s new, 35,000ft 2 Reduced Scale Wind Tunnel aerodynamically tests clay models up to 40% of the scale of a vehicle. Warren, Michigan – General Motors is now able to accelerate and verify fuel-saving designs earlier in development of new cars and trucks thanks to a new reduced scale wind tunnel test facility on the campus of the company’s Technical Center.