GM forges major deal with Alcan
Article Abstract:
General Motors Corp. is expected to announce that it has signed a 10-year, multibillion-dollar deal with Montreal, Quebec-based Alcan Aluminium Ltd. The agreement forged is for GM to purchase significant amounts of aluminum from Alcan as part of the automaker's plan to use more aluminum into its vehicles, replacing steel and other materials. The use of aluminum in vehicles would significantly lessen the weight of future autos. Alcan is likely to provide less than 25% of GM's aluminum requirements. Currently, GM purchases approximately 1.7 billion pounds of aluminum annually, and it projects at least 7% increase in aluminum use annually.
Comment:
Its 10-year, multibil-dollar deal to supply aluminum to General Motors Corp is expected to be announced
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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Bearish Canadians. One street maven thinks it's a lot of bull
Article Abstract:
The opinion of Kenneth Fisher, the founder of Fisher Investments about the attitude of the investing public in Canada is presented.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2006
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