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

New orders received, Use of materials & supplies, Motor Vehicles & Parts, Transportation Equipment Manufacturing, Michigan, Quebec, Aluminum, Primary Aluminum Production, General Motors Corp., Aluminum industry, Aluminum products, Article, Alcan Aluminium Ltd.

---

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.

Canada, Executive changes & profiles, United States, Officials and employees, Beliefs, opinions and attitudes, Fisher, Kenneth, Fisher Investments Inc.

---

Similar abstracts:

• Abstracts: In step with Kenneth Branagh. In step with David James Elliott
• Abstracts: Call centres evolve with the Internet. Mark's targets women in bid for 20% increase in sales
• Abstracts: Canada to forgive Third World loans. Canada a comfort zone for distant firms
• Abstracts: P&G plans Ont. layoffs. Eaton's to terminate staff as its liquidation begins
• Abstracts: Food additive firms fined for price fixing. Molecules made to march to a new beat

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.