Monday, August 21, 2006

Court: Some Daimler Holders Owed Money


Associated Press, BERLIN GERMANY - - A German court has ruled that automaker DaimlerChrysler AG must make payments to some former shareholders of Daimler-Benz AG to settle a case stemming from its 1998 merger with Chrysler Corp., a court spokesman said Monday.

The Stuttgart state court decided the automaker must pay the 17 plaintiffs 22.15 euros ($28.42) per share to settle a dispute over the valuation of their stock, spokesman Till Jakob said.

There was no immediate information on the total value of the payout.

During the 1998 merger, 1.8 percent of Daimler-Benz shares were exchanged involuntarily for shares in the merged company.

Some shareholders claimed the exchange ratio used inaccurately valued their shares, and they launched court proceedings in 1999.

DaimlerChrysler said in its annual report earlier this year that it "continues to view the exchange ratio set at the time by the company as appropriate" and intended to "continue defending ourselves vigorously against these claims."

The merger led to several legal cases for DaimlerChrysler - most prominently, a legal battle with billionaire investor Kirk Kerkorian, who sought more than $1 billion.

He claimed that Daimler-Benz engineered a takeover of U.S. automaker Chrysler, then cheated him out of an acquisition premium by claiming it was a merger of equals. A Delaware court rejected his suit last year.

In 2003, the company agreed to pay $300 million to settle a $22 billion class-action lawsuit filed by other investors who claimed they were misled. DaimlerChrysler denied the charge but said it settled the case because of the risk a jury might reach a different conclusion.

DaimlerChrysler shares fell 0.5 percent to 41.19 euros ($52.84) in Frankfurt trading.

Friday, August 18, 2006

Chrysler Group Incentives - 14 August 2006

FACTORY INCENTIVES


























Dealers Incentives

Renesas: 90nm dual-core MCU for automotive to hit market by 2010

Renesas Technology anticipates that its dual-core microcontroller (MCU) for automotive vehicles could hit the market by 2010 at the latest, and possibly as early as 2008. The the new solution will help to enhance the functionality of electronic components that will be deployed within an increasingly complex driving environment.

The new dual-core MCU will be fabricated on 90nm process and will be available for the market during a 2008 to 2010 timeframe. Renesas emphasized that the number of MCUs required for automotive vehicles has been growing substantially. Taking a BMW as an example, the number of MCUs onboard has grown from 18 in 1999 to 40 in 2004.

Renesas pointed out that an automotive-vehicle air bag now requires more than 10 MCUs. Another two will be required for the dashboard and steering wheel respectively. A growing number of MCUs is also required for a capabilities such as in-car entertainment, as well as GPS and 3D functions and related components.

Application demonstration of MCU at automotive

How MCUs are deploy for various components in car...
Photo: Renesas.

Delayed launches not uncommon - Toledo Jeep Assembly complex


Jeep Unlimited Production

At the Toledo Jeep Assembly complex, defects and other quality issues are slowing the launch of the redesigned Jeep Wrangler and all-new Dodge Nitro at neighboring plants.

At a sister DaimlerChrysler AG assembly plant in Belvidere, Ill., Dodge Caliber and Jeep Compass vehicle production continues to be interrupted because of new body shop robots bumping into each other.
Those plants produce half of the 10 vehicles Chrysler is introducing this year, and their pains are indicative of what may be an overambitious plan to introduce products out in an increasingly competitive market, the onetime chairman of the former American Motors Corp. said.

"I admire their aggressiveness, but they have to pay the price," said Gerald Meyers, an adjunct business professor at the University of Michigan.

Jeep Unlimited Production

Still, he and other industry experts told The Blade yesterday, having to correct parts and manufacturing glitches is common as automakers - especially the Big Three - launch vehicles.

Greg Gardner of Harbour Consulting, which conducts a closely watched annual productivity study, said, "While it's not unusual, that's part of the problem."

He added of the Wrangler and Nitro: "It's too early to draw any sweeping conclusions."

Having two vehicle launches, one of them at a new plant, complicates the situation in Toledo and calls for caution, Mr. Meyers said.

The next couple of months will be the real test as Toledo Jeep gets production to full volume, which typically precedes achieving quality, he said.

Chrysler spokesman Michele Tinson maintained there are no issues with either SUV, which merely are going through a routine process to check quality. In Belvidere, Chrysler is working through the robot problem, she said.

Wrangler production started July 17 at a new $900 millio n multi-factory plant off Stickney Avenue that is partially operated by suppliers, but the first one didn't roll off the line until July 31, a week later than expected.

More than 200 Wranglers are being built a day, but none has been shipped while defects are corrected, Dan Henneman, chairman of United Auto Workers Local 12, has told The Blade.
Quality problems don't end there, he said.

At part of the Toledo Jeep complex, Nitro production was supposed to start last week with about 50 of the sport-utility vehicles interspersed with about 750 Jeep Libertys on each of two shifts.
That production was to move to three shifts this week, when the mix would be 60 percent Nitros and 40 percent Libertys.

Yet the plant still is building about 50 Nitros a shift, and all three shifts won't begin working until next week, officials said.

Ms. Tinson said that delaying the first car by a week as in the case of the Wrangler isn't unusual, and neither is containing a number of models to continue testing before shipping them to dealerships.

Chrysler is wise to not release vehicles until officials are sure about their quality, which will help prevent recalls, said auto analyst Rebecca Lindland of Global Insight Inc.

"It's a very complex product, and I think it's often underestimated," she said of building vehicles.
"People remember recalls a lot longer than the three days they have to wait, or a week or even two weeks," Ms. Lindland added.

This Day in Auto History: 18 AUGUST

8.18.1927 - Racer John Rhodes is born in Wolverhampton, Staffordshire, England

8.18.1937 - The Toyota Motor Company, Ltd. is established by separating the automotive department from the parent Toyoda Automatic Loom Works

8.18.1945 - The first post-World War II speed event in England is staged on a ½-mile grass and earth course at Naish House, near Portishead

8.18.1967 - Racer Uwe Alzen is born in Germany

2006-08-17 15:20 (Mw 5.6) SAKHALIN, RUSSIA 46.6 141.9


== PRELIMINARY EARTHQUAKE REPORT ==

Region: SAKHALIN, RUSSIA
Geographic coordinates: 46.583N, 141.856E
Magnitude: 5.6 Mw
Depth: 32 km
Universal Time (UTC): 17 Aug 2006 15:20:37
Time near the Epicenter: 18 Aug 2006 02:20:37
Local time in your area: 17 Aug 2006 16:20:37

Location with respect to nearby cities:
79 km (49 miles) WSW (239 degrees) of Yuzhno-Sakhalinsk, Russia
128 km (80 miles) N (5 degrees) of Wakkanai, Hokkaido, Japan
307 km (191 miles) SSW (198 degrees) of Poronaysk, Russia
1226 km (762 miles) N (8 degrees) of TOKYO, Japan

ADDITIONAL EARTHQUAKE PARAMETERS
________________________________
event ID : US rmbc

This event has been reviewed by a seismologist at NEIC For subsequent updates, maps, and technical information, see:
http://earthquake.usgs.gov/eqcenter/recenteqsww/Quakes/usrmbc.php

Thursday, August 17, 2006

2006-08-16 16:53 (Mw 5.9) WEST OF MACQUARIE ISLAND -59.0 149.0


== PRELIMINARY EARTHQUAKE REPORT ==

Region: WEST OF MACQUARIE ISLAND
Geographic coordinates: 58.987S, 149.033E
Magnitude: 5.9 Mw
Depth: 10 km
Universal Time (UTC): 16 Aug 2006 16:53:49
Time near the Epicenter: 17 Aug 2006 02:53:49
Local time in your area: 16 Aug 2006 17:53:49

Location with respect to nearby cities:
1793 km (1114 miles) S (177 degrees) of Hobart, Australia
2634 km (1637 miles) S (180 degrees) of CANBERRA, Australia

ADDITIONAL EARTHQUAKE PARAMETERS
________________________________
event ID : US rlcu

This event has been reviewed by a seismologist at NEIC For subsequent updates, maps, and technical information, see:
http://earthquake.usgs.gov/eqcenter/recenteqsww/Quakes/usrlcu.php


2007 Mercedes-Benz E320 Bluetec & Vision GL320 Bluetec Concept

What's Special About It?
American buyers like the current Mercedes-Benz E320 CDI. It's the only diesel-powered luxury car sold in the U.S., and it has the highest fuel economy rating in its class (27 city/37 highway). But Mercedes can't sell it in the two biggest markets, California and New York, because it doesn't meet emissions standards and that's a problem.

Enter the 2007 Mercedes-Benz C320 Bluetec, an E-Class sedan powered by the cleanest-burning diesel engine in the world. Clean enough to certify it in all 50 U.S. states.


It starts with a completely different engine than in the existing E320 CDI, a 3.2-liter V6 instead of an inline six. Rated for 211 horsepower and an impressive 398 pound-feet of torque, this 24-valve, direct-injection V6 is fitted with piezoelectric injectors that allow for more precise fuel spray into the combustion chambers, and a turbocharger with a variable-nozzle turbine, basically a set of adjustable vanes that directs the recirculation of exhaust gases. There's also a particulate filter to reduce the amount of soot that comes out of the car's tailpipe.

However, what really makes the difference on the E320 Bluetec is its DeNOx storage catalytic converter. As its name suggests, it cuts down on the nitrogen-oxide emissions that have kept earlier diesels from 50-states certification.

But Mercedes says there's a way to remove even more nitrogen oxide from tailpipe emissions. It's called AdBlue, and the Vision GL320 Bluetec concept is the company's test subject. This diesel SUV has an onboard tank carrying an aqueous urea solution. Injecting the solution into exhaust gas releases ammonia (NH3), and the ammonia reacts with the nitrogen oxide to form harmless nitrogen and water in a downstream catalytic converter.

If there's a disadvantage to AdBlue, it's that the 6.8-gallon tank must be refilled periodically. "As a customer, you can't do it yourself," says Matthias Flach, an engineer in Mercedes' Advanced Development department, but service technicians can easily top it off when the vehicle goes in for scheduled maintenance. "You only need 0.6 gallon per 1,000 miles," he adds.

The 2007 Mercedes-Benz E320 Bluetec will come to the U.S. this fall — before any other market in the world. And DCX CEO Dieter Zetsche promises it will be followed by production Bluetec variants of the GL-, M- and R-Class and the Jeep Grand Cherokee.

What's Edmunds' Take?
This is the beginning of diesel mania. Once Californians and New Yawkers get a taste of a torquey clean-burning diesel they won't look back. — Erin Riches

2006-08-17 11:11 (Mb 6.2) NEAR EAST COAST OF KAMCHATKA 55.7 161.7


== PRELIMINARY EARTHQUAKE REPORT ==

Region: NEAR EAST COAST OF KAMCHATKA
Geographic coordinates: 55.676N, 161.662E
Magnitude: 6.2 Mb
Depth: 84 km
Universal Time (UTC): 17 Aug 2006 11:11:38
Time near the Epicenter: 18 Aug 2006 00:11:38
Local time in your area: 17 Aug 2006 12:11:38

Location with respect to nearby cities:
278 km (173 miles) WNW (283 degrees) of Nikol'skoye, Komandorskiye Ostrova, Rus.
354 km (220 miles) NNE (32 degrees) of Petropavlovsk-Kamchatskiy, Russia
499 km (310 miles) SSW (198 degrees) of Il'pyrskiy, Russia
2776 km (1725 miles) NNE (30 degrees) of TOKYO, Japan

ADDITIONAL EARTHQUAKE PARAMETERS
________________________________
event ID : US rmat

This event has been reviewed by a seismologist at NEIC For subsequent updates, maps, and technical information, see:
http://earthquake.usgs.gov/eqcenter/recenteqsww/Quakes/usrmat.php

Spy Photos: 2007 Sebring Convertible

Posted August 16, 2006 08:16 PM by Tim Beggs. Planet Mopar



A little over one month ago we introduced the Sebring sedan which is expected to go on sale sometime this fall. This convertible Sebring (photos) was spotted driving around the streets of Metro Detroit. It is still fully camouflaged and the picture quality is not necessarily studio-worthy, but rather of spy caliber. Expect the front and rear end of the car to look similar to the sedan model. Most of the interior and powertrain options will be shared between the sedans and convertibles. An expected but unconfirmed feature for the new convertible will be a retractable hard top in lieu of the standard soft folding top. The convertible version should start production a few months later than the sedan in late winter or early spring of 2007.

2008 Chrysler Town & Country First with Mobility Lift

DGE Inc. teams with Braun Corporation to produce Wheelchair Ramp Gateway Module


August 14, 2006 (Rochester Hills, MI) -- DGE Inc. has teamed with the
Braun Corporation, the world's largest producer of automotive mobility
products, to develop an interface for accessing data from OEM vehicle
networks. The Wheelchair Ramp Gateway Module (WRGM) allows Braun's
wheelchair and scooter ramp systems to utilize information which is
already present on the vehicle data network to provide better
accessibility. The technology will be introduced in the Braun Entervan
conversion of the 2008 Chrysler Town and Country minivan.

The WRGM provides access to OEM door lock, safety, and vehicle status
information, which permits the implementation of safety features such as
disabling ramp deployment when the vehicle is in gear and convenience
features like controlling sliding doors. The advantage to the OEM is
that the WRGM provides a single non-intrusive access point to the
vehicle network.

The WRGM draws upon DGE's extensive experience in designing network
gateway modules and vehicle bus interfaces for development vehicle
applications as a Tier 1 automotive supplier. The WRGM is a custom
module based upon DGE's Gateway3 Development Platform which utilizes the
industry standard CAN and LIN networking protocols. DGE's Gateway3
technology is available to third party ECU suppliers who wish to access
and utilize OEM network data.

DGE Inc. has developed the WRGM for production. DGE's role in the
project has included WRGM hardware and software design, creation of the
communications/control protocol, and design and build of module testers.
DGE has also performed EMC, Environmental, and CAN and LIN validation
testing on the WRGM according to OEM specifications and requirements.
An additional vehicle network interface is under development for other
OEM mobility vehicles.

DGE Inc. is a full-service electronics engineering facility based in
Rochester Hills, MI. DGE Inc. focuses upon providing innovative,
cost-effective solutions to automotive electronics challenges in order
to offer its customers and colleagues the best tools, products, and
services. Visit http://www.dgeinc.com <http://www.dgeinc.com/> for
more information.

The Braun Corporation, based in Winamac, IN, is the world's largest
producer of automotive mobility products. The Braun Entervan features
automatic door and ramp mechanisms, a kneeling suspension, a lowered
floor and additional accessibility features. The mission of The Braun
Corporation is "providing access to the world." Visit
http://www.braunmobility.com <http://www.braunmobility.com/> for more
information.

2007 Mercedes-Benz S65 AMG



What Is It?
2007 Mercedes-Benz S65 AMG

What's Special About It?
It's Mercedes' most elite S-Class sedan and it needs no introduction.

Literally.

During the Mercedes press conference, company officials talked up the new GL-Class SUV and extolled the virtues of the new E320 Bluetec, the cleanest-ever diesel sedan. But no one said a word about the 2007 Mercedes-Benz S65 AMG, even though it was the first time anyone outside Stuttgart had laid eyes on it.

Maybe it's because the S65's engine is a carryover. A 604-horsepower, 6.0-liter, twin-turbocharged, hand-built V12 carryover. It teams up with a sport-calibrated five-speed automatic transmission to deliver a crushing 738 pound-feet of torque to the sedan's 20-inch rear meats, the largest factory tire size ever offered on a Mercedes-Benz.

Or maybe it had to do with the fact that even with the aerodynamic improvements on the redesigned 2007 S-Class, there's no way the S65 will escape a gas-guzzler tax, hardly something to bring up during a press conference that focused on lowering emissions and raising fuel economy.

Of course there's a payoff for the S65's thirst. Mercedes estimates it will take the sedan just 4.2 seconds to reach 60 mph, making it almost a second faster than the '07 S600 and the quickest luxury sedan on the planet.

We've been impressed by the handling of the new S550, but we expect the AMG version to take this large sedan's dynamics to a higher level. Mercedes' Active Body Control (ABC) active suspension is standard, and Mercedes reports that the AMG engineers have modified it to reduce body roll by 68 percent over the standard, non-ABC S550. Hit a button on the dash and you get an additional 95-percent reduction in roll.

Take a walk around the S65 and you'll appreciate the greatness of its braking hardware. The perforated discs are huge, measuring 15.4 inches in front and 14.4 inches in rear. Eight-piston calipers clamp down on the front discs, four-piston calipers on the rears.

Look for the S65 AMG to show up in late June or early July, says Rob Moran, manager of product and technology public relations for MBUSA, with a price tag of about $190,000. That's about $20,000 more than the 2006 S65 cost, but as on the 2007 S600, every major bit of equipment should come standard.

What's Edmunds' Take?
Without an M version of the BMW 7 Series to battle, this car's only real competition is the 552-hp Bentley Continental Flying Spur, and even it falls short of the S65's performance. Mercedes remains the undisputed king of ultraluxury, ultrapowerful sport sedans. — Erin Riches


Or maybe it had to do with the fact that even with the aerodynamic improvements on the redesigned 2007 S-Class, there's no way the S65 will escape a gas-guzzler tax, hardly something to bring up during a press conference that focused on lowering emissions and raising fuel economy.

Of course there's a payoff for the S65's thirst. Mercedes estimates it will take the sedan just 4.2 seconds to reach 60 mph, making it almost a second faster than the '07 S600 and the quickest luxury sedan on the planet.

We've been impressed by the handling of the new S550, but we expect the AMG version to take this large sedan's dynamics to a higher level. Mercedes' Active Body Control (ABC) active suspension is standard, and Mercedes reports that the AMG engineers have modified it to reduce body roll by 68 percent over the standard, non-ABC S550. Hit a button on the dash and you get an additional 95-percent reduction in roll.

Take a walk around the S65 and you'll appreciate the greatness of its braking hardware. The perforated discs are huge, measuring 15.4 inches in front and 14.4 inches in rear. Eight-piston calipers clamp down on the front discs, four-piston calipers on the rears.

Look for the S65 AMG to show up in late June or early July, says Rob Moran, manager of product and technology public relations for MBUSA, with a price tag of about $190,000. That's about $20,000 more than the 2006 S65 cost, but as on the 2007 S600, every major bit of equipment should come standard.

What's Edmunds' Take?
Without an M version of the BMW 7 Series to battle, this car's only real competition is the 552-hp Bentley Continental Flying Spur, and even it falls short of the S65's performance. Mercedes remains the undisputed king of ultraluxury, ultrapowerful sport sedans. — Erin Riches

2007 Mercedes-Benz S65 AMG - Front

(Enlarge photo)
What? No press conference for
the quickest luxury sedan on the planet?

2007 Mercedes-Benz S65 AMG - Engine

(Enlarge photo)
That's a carbon-fiber cover

over Mercedes' biturbo V12,
an engine capable of 604 hp and 738 lb-ft of torque.

2007 Mercedes-Benz S65 AMG - Badge

(Enlarge photo)
A lower-clearance front fascia
with honeycomb mesh inserts
and reshaped foglamp units immediately
distinguishes the 2007 Mercedes-Benz S65
AMG from the regular S-Class sedan.

2007 Mercedes-Benz S65 AMG - Interior

(Enlarge photo)
Rich walnut lines this cockpit,
while S65s with lighter interiors
get chestnut. Sport seats are standard
and Mercedes says they're an all-new
design with firmer contours and higher bolsters.

2007 Mercedes-Benz S65 AMG - Wheel

(Enlarge photo)
These are the first ever factory
20-inch wheels on a Mercedes-Benz.
The show car wore 20-inch Pirelli
P Zeros measuring 255/35ZR20 in
front, 275/35ZR20 in rear.

2008 Smart Fortwo headed for the U.S.


Ed Hellwig, EDMUNDS INSIDE LINE - -DaimlerChrysler plans to capitalize on the emerging U.S. interest in high-mileage city cars with its new Smart brand in 2008. Already on sale in Europe and abroad, the two-passenger Smart Fortwo is getting a full redesign before its U.S. debut in early 2008. Although it will look similar to the current model, the 2008 Smart Fortwo caught in our latest spy video reveals a few minor styling changes.

Unlike the current Fortwo which uses soft, rounded shapes for most of its body lines, this version has sharply creased edges and larger, trapezoidal headlights. The prominent fender flares are gone, too, in favor of flat bodywork on each side which may hint at a wider passenger compartment. A longer wheelbase is also evident, another sign that this Fortwo will grow to meet American tastes.



Power is another issue which needs to be addressed as the current crop of turbocharged three-cylinder engines only makes between 60 and 70 horsepower. Even with minimal weight to carry around, our experience driving a 2001 Smart Fortwo revealed a vehicle badly in need of additional juice. DaimlerChrysler is promising more power on 2008 models along with a smoother shifting version of the standard sequential manual transmission.

All Smart cars will be sold through a network of around 40 to 50 dealers concentrated in major cities on the East and West Coasts. Prices are expected to start around $15,000 for the standard coupe. A two-door convertible is expected later along with possible diesel and/or hybrid versions.

DaimlerChrysler is looking at BMW's highly successful launch of the Mini brand as an example of the potential for small cars in the U.S. And like Mini, Smart will offer customers a long list of customization options. Deliveries are expected to start in early 2008.

This Day in Auto History: 17 AUGUST

8.17.1889 - Ronald Krake Evans of General Motors is born in Big Rapids, MI

8.17.1904 - The Ford Motor Company of Canada Ltd. is established near Windsor, ON

8.17.1925 - The stockholders of the Yellow Cab Manufacturing Company approve a merger of their firm with General Motors

8.17.1950 - John S. Dempsey, President of the Buda Company, dies at age 59

8.17.1956 - The 6,000,000th Pontiac is produced, a 1956 Star Chief Custom Catalina


Source: Automobile History Day By Day, by Douglas A. Wick

Work on Nitro is under fire - Rally to be held over loss of union jobs

A Dodge Nitro concept vehicle debuted at the 2005 Chicago Auto Show.
Some autoworkers are upset that outside suppliers are doing work that was once in-house.
(BRIAN KONOSKE)

JOE GUY COLLIER, FREE PRESS BUSINESS WRITER - - As Chrysler Group and UAW officials celebrate the start of Dodge Nitro production in Toledo today, some autoworkers plan to hold a rally to protest actions they say cost the union jobs.

In 2003, UAW workers at the Jeep assembly operations in Toledo agreed to a contract that allowed the DaimlerChrysler division to use outside suppliers for some tasks that traditionally were done in-house, such as paint, body and chassis work.

The agreement paved the way for upgrades and investment in Toledo and new vehicles like the Dodge Nitro. But some workers still are upset.

Calvin Buckmaster, a 53-year-old worker at the Jeep complex and one of the organizers of the rally, said the launch of the Nitro is not a time to celebrate. It's a reminder that good auto jobs in Toledo were replaced with lower-paying jobs at outside suppliers, he said.

The Chrysler Group directly employs 3,400 workers at the Toledo complex, about 1,300 fewer than in 2003.

"No, it's not a good thing for the workers," said Buckmaster, who expects about 200 participants in his rally. "Those were all our jobs. Now, they're not."

The UAW declined to comment about the rally. In 2003, Jeep workers approved the new contract by a 3-to-1 margin. The pact was seen as a way to preserve the brand's presence in Toledo.

The Chrysler Group declined to comment beyond a written statement: "The company and UAW work together in private to address any concerns expressed by UAW-represented employees," it said.

The Nitro is an important new vehicle for the Chrysler Group. It gives Dodge a smaller SUV to go with the Durango, a large SUV whose sales suffered with high gas prices.

The Nitro also represents the improved flexibility of Chrysler Group plants. The unit invested $600 million in the Toledo North Assembly Plant to give it the ability to shift among different types of vehicles. Toledo North already makes the Liberty.

For workers such as Buckmaster, though, the equipment upgrade and outsourcing represent a new phase in the U.S. auto industry. As the UAW and the companies work out future contracts, he said he's afraid more jobs will be moved to outside suppliers.

"You can see the light at the end of the tunnel," Buckmaster said. "The only person that's going to be left working here is the person putting the sticker on the car that rolls off the end."

Wednesday, August 16, 2006

Trademark update - Chrysler Firepower becomes official on 26 September 2006

Mark


(words only): FIREPOWER

Standard Character claim: Yes

Current Status: Final review prior to publication has been completed, application will be published for opposition.

Date of Status: 2006-08-14

Filing Date: 2005-01-06

The Information will be/was published in the Official Gazette on 2006-09-26

Transformed into a National Application: No

Registration Date: (DATE NOT AVAILABLE)

Register: Principal

Law Office Assigned: LAW OFFICE 110

Attorney Assigned:
BLOHM LINDA E Employee Location

Current Location: 650 -Publication And Issue Section

Date In Location: 2006-08-14


== PRELIMINARY EARTHQUAKE REPORT ==

Region: SOUTHWEST INDIAN RIDGE
Geographic coordinates: 28.819S, 61.735E
Magnitude: 5.6 Mb
Depth: 10 km
Universal Time (UTC): 16 Aug 2006 18:39:00
Time near the Epicenter: 16 Aug 2006 22:39:00
Local time in your area: 16 Aug 2006 19:39:00

Location with respect to nearby cities:
1053 km (654 miles) SSE (157 degrees) of PORT LOUIS, Mauritius

ADDITIONAL EARTHQUAKE PARAMETERS
________________________________
event ID : US rlbk

This event has been reviewed by a seismologist at NEIC For subsequent updates, maps, and technical information, see:
http://earthquake.usgs.gov/eqcenter/recenteqsww/Quakes/usrlbk.php

Analysts: Crude Prices Ripe for a Fall



BLOOMBERG - - "Did you know there's a world surplus of crude oil?" asks Bloomberg columnist David Pauly. According to analysts, the production of low-sulfur crude exceeds global demand by about 1 million barrels a day, or 1.2 percent of consumption.

So why, posits Pauly, are oil prices so high? They reached a record high of $78.40 in July and have hovered in the $70s ever since.

Charles Maxwell, oil analyst at Weeden & Co. in Greenwich, Conn. says to count your blessings because without the excess surplus, oil prices would be in the $90s thanks to unrest in Nigeria, production cuts in Iran and Venezuela, and BP's pipeline shutdown.

Maxwell's two-year forecast for oil is that it will trade between $55 and $75, remaining mostly in the $60s. Maxwell says that oil prices "may actually decline into the $60s next spring, when supplies usually become more abundant, if U.S. economic growth continues to abate."

Maxwell cites energy conservation and the fact that "we're running out of bad things that can happen" for his forecast.

Ben Dell, analyst at Sanford C. Bernstein & Co. in New York tells Pauly that crude oil prices are "ripe to fall considerably." In addition to the crude surplus, Dell points to a drying up of buying by pension funds and hedge funds.

Dell says that the funds have been buying crude on the spot market and reselling for future delivery it at a higher price. But, explains Dell, the storage facilities the funds are using are beginning to reach capacity. Dell gives them about four to six months before they'll need to stop buying oil.

Dell says that, based simply on production costs, crude oil prices should be about $50 a barrel, but a premium is put on oil because of "increased investor interest and concerns about supply disruptions for political or military reasons."

Pauly also has an opinion on the future of oil prices. His hunch is that they "may soon drop even more than the experts think possible."

221 mph Land speed record set by Jorgen Moller of RaceDeck, making the Dodge SRT-4 as "The Fastest 4cyl Production Car

221 mph Land speed record set by Jorgen Moller of RaceDeck, making the Dodge SRT-4 as "The Fastest 4cyl Production Car On The Planet."


The Fastest 4cyl

Production Vehicle on the Planet

Bonneville, UT (PRWEB) August 16, 2006 -- Jorgen Moller of Salt Lake City,Utah, a "Member of the prestigious Bonneville 200 mph Club" set his 5th land speed record this week in a Production Dodge SRT-4 Car. The record was set at 221mph average speed for both runs on the five mile course. To achieve a record you must run the same 5-mile long course twice, first you have a qualifying run higher than the current MPH record and then you must make a return pass and have a speed that when averaged with you first run, exceeds the existing record. On the first pass Jorgen piloted through with an average of 222.416 mph and then backed it up with a return run of 220.351 mph giving him the record." It was a great ride, the car was still pulling hard as I exited the mile with our GPS showing 235.86 mph and climbing," said Moller.

It was a great ride, the car was still pulling hard as I exited the mile with our GPS showing 235.86 mph and climbing About the Car-The Dodge SRT-4 was running the PS/F class (2.1 to 3.0 liter motor --- production Supercharged /Turbo). This class is for vehicles that have not altered the body in anyway other than how it comes from the factory. The powerplant must be of the same configuration as was produced -- Engine size, transmission, driveline, etc) and must run on gas.

"It is amazing how well the car performed at over 220mph when you consider that the body,transmission and engine block is exactly the same as the SRT-4 you see sitting on the dealership showroom floor" said Moller..."You got a hand it to the Dodge engineers for building such a great performance car" he added. The car is a Dodge SRT-4 with a 2.4 liter (144 ci) Turbo Charged Motor with the factory 5-speed transmission which produces over 750+ hp on gas." The 2.4 SRT-4 motor is a fantastic platform to work from, we have been able to create reliable horsepower never thought possible with 700 to 800 hp that survives the long 5 mile runs at full power and speed on gas!" said Moller.

About Jorgen Moller- Jorgen is a life member of the Bonneville 200 MPH club, has set over 10 land speed records and currently hold 5 existing records. He also has a Dodge SRT-4 powered 1932 roadster in the F classes where he set a record in the Blown Street Roadster record over 200 mph, making it The Fastest 4cyl Street Roadster on the Planet.
Jorgen Moller is the CEO and owner of Snap Lock Industries http://www.snaplock.com, the manufacturer of RACEDEDCK® Garage Floors http://www.racedeck.com and SnapSports® http://www.snapsports.com

For more information about the RaceDeck racing team please visit http://www.racedeckracing.com