Posts Tagged ‘model’

The Global Car Industry and Refinance Car Loan Packages

September 20th, 2011

Even with the recent financial crises happening all over the world, even with the devastating earthquake and tsunami catastrophe that hit Japan in March 11, 2011, the global auto industry is still seeing growing sales in car units all over the world. According to the Scotiabank Group’s Global Auto Report, car sales are still going strong all around the world, with more than 60 million vehicles expected to be sold in 2011 alone. Booming car sales worldwide mean that people, even in the midst of recessions and catastrophes, are still getting the vehicles they want through financial products such as used car loan and refinance car loan packages.

According to the same report, the economic environment in the United States is improving, with the job market expanding and allowing more companies to provide much higher incomes to the typical employee. The rate of job creation has also increased, and is now the fastest in five years, reducing unemployment significantly. This means that people are getting more money to spend on buying new cars or replacing their old models. Households with older model cars are also looking for more fuel-efficient cars to counter rising fuel prices, which today are averaging at $4.00 per gallon.

With the rosy economic outlook, people are still cautiously optimistic nonetheless. Many people are wary of buying new model cars that can be quite expensive, and quite a large number of people are choosing to buy fuel efficient vehicles, which is why there has been a surge in the sales of hybrid cars. Another way people are getting the cars they want but without breaking the bank is through used car loan packages that help them get cars without having to pay for the vehicle’s full sticker price upfront. This allows the typical employee to have a car without stretching their budgets too much.

A used auto loan works by letting a person pay for a vehicle over a period of time, usually through monthly installments. People can get these financial products from a number of providers, which include automakers, banks, and especially through companies specializing in auto loans. This is all well and good, but there will be times when a person will want to adjust the terms under which he is paying for his car.

This can be because of a number of reasons; for instance, a person might want to restructure their car loan so that they can have a much more convenient time paying. When this happens, people can get their car loans restructured (or refinanced) through companies who can refinance auto loan packages. For those who want to acquire the services of these companies, all one has to do is go online, as there are a great number of these businesses operating websites which enable you to do much of the refinance auto loan process online, allowing for an easier time in restructuring your car loan.

Rising global car sales are an indicator that people the world over still have the need for cars, and with companies that help refinance car loan packages, this is made all the more easier.

The Ford Pantera – A US Italian Auto Joint Production Tale

May 18th, 2011

The 1970′s Ford Lincoln Mercury Division De Tomaso Pantera might well be seen as an early example of design and marketing synergy between a US automaker and an Italian design classic studio. A shade of what was to come in the global auto industries and also of “lean manufacturing” where smaller volumes of kitsch or niche market boutique marketing and manufacturing replaced the old models of mass market high volumes per model run production runs and US auto manufacturing practices.

Indeed the humor was that the name (in the Italian language) was Mangusta translated as “Mongoose” whom eat Cobras (that was the Cobra as in the model name “Shelby Cobra”) which was the greatest inspiration for the De Tomaso Pantera mid engined sports auto which was designed and built expressly in Italy by De Tomaso in the 1970s’ and sold and marketed by the Mercury Lincoln Division of the US Ford Motor Company.

Yet the interesting synergy between the two widely different corporate structures of an Italian studio and a firmly based Detroit auto monolith was the use of a widely used what might be called run of the mill American engine remodeled and presented as a 1960s’ muscle car power plant powering a mid-engined Italian sports car down the road. In sum total somewhere under the range of 8,000 units were produced between the years of 1970 to 1991.

There was a lot to said for the choice of the Ford “Cleveland” V8s as the engine choice. It was relatively inexpensive – due to mass production, ultra reliable and could always be counted on, as well as powerful and even hearty. True it had to be as it was fitted into the original Ford Mustangs in the hundreds of thousands. It was also naturally enough, fairly heavy and substantial, even though Ford engineers at the time had already brought “thin walled casting” to a fine art.

De Tomaso experimented with alloy components to replace the cast iron but he most that he saves reportedly was 55 lbs (25 kg), though networked porting. In addition other changes were supposed to have resulted in a power output of 437 bhp compared with the claimed 305 bhp (at 6200 rpm) in standard form and formats.

Because the engine was bulky whichever way you chose to look at it, even without the encumbrance of overhead camshafts, it was mounted low in relation to the rest of the chassis, and the quill input shaft to the gearbox passed under the final drive rather than above it as in most road-going transaxles. As a result the center of gravity as usefully lowered but the ground clearance was much less usefully reduced. Clearance beneath the vital shaft was also restricted, the possible clutch size forcing De Tomaso to use a three-plate clutch which turned out to be extremely heavy in operation.

It might well be noted and remembered that this setup between an Italian design studio and a US automaker – the Ford Motor Company in this case, which used both design facilities and in addition product components which instilled great merit and a set of values not available on the other side represented what became later known as global or world cars. Previously it was a case where cars might be made offshore – basically lock stock and barrel. True Japanese cars or European cars or trucks might be made offshore and imported yet they were domestic products made elsewhere and then imported into the large and lucrative North American auto market. These products were essentially auto products designed and developed for a domestic foreign market that a US automaker either did not want to design or produce for or perhaps an automotive product had been developed and manufactured elsewhere and home office in Detroit though might have a use and market here.

There had not been a fusion and integration of basic automotive components and parts to the benefit of a final product previously. Shades of what was to come in the global auto industry and industries.