C23 Transport Equipment Manufacturing

Oh what a sinking feeling … a half-century on, Toyota pulls out

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Original article by Philip King
The Australian – Page: 7 : 3-Oct-17

Toyota’s Altona manufacturing plant in Melbourne will close on 3 October 2017, with the loss of 2,500 jobs. John Conomos, the former head of Toyota Australia, says the Japanese car-maker would have maintained a local manufacturing presence if Holden or Ford had also decided to remain in Australia. He adds that Toyota had been planning to build a third model in Australia, most likely a sports utility vehicle, when its rivals announced plans to end local production. Holden’s assembly plant in Adelaide will close on 20 October.

CORPORATES
TOYOTA MOTOR CORPORATION AUSTRALIA LIMITED, GM HOLDEN LIMITED, FORD MOTOR COMPANY AUSTRALIA LIMITED

Future lies with autonomous cars: Ghosn

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Original article by Andrew Whire
The Australian – Page: 17 & 20 : 6-Jun-17

Nissan Renault Alliance chairman Carlos Ghosn has rejected suggestions that growth in demand for autonomous and driverless cars will decimate the car industry. It has been claimed that such cars will lead to a significant drop in car ownership as people switch to ride-sharing. However, Ghosn does believe that autonomous cars will comprise a majority of all cars on the road by the end of 2022. He does not forsee much in the way of increased demand for electric cars in Australia without the introduction of government subsidies.

CORPORATES
NISSAN MOTOR COMPANY LIMITED, RENAULT SA, MITSUBISHI MOTORS CORPORATION, VOLKSWAGEN AG, GENERAL MOTORS CORPORATION

Boeing commits to local manufacturing

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Original article by Jared Lynch
The Australian Financial Review – Page: 24 : 18-Jun-15

Boeing has revealed plans for further capital investment in its manufacturing plant at Fisherman’s Bend in Melbourne. The plant’s 1,200-strong workforce makes components for the 777 and Dreamliner airplanes. Boeing intends to spend an additional $A70m on the facility, which the aircraft maker describes as essential to manufacturing of the Dreamliner.

CORPORATES
BOEING COMPANY. BOEING AEROSTRUCTURES AUSTRALIA. GM HOLDEN LIMITED. TOYOTA MOTOR CORPORATION AUSTRALIA LIMITED. PORT OF MELBOURNE. QANTAS AIRWAYS LIMITED – ASX QAN. JETSTAR AIRLINES PTY LTD. GARUDA INDONESIA. AIR TAHITI NUI

Plan to save Australian shipbuilding industry

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Original article by John Kerin
The Australian Financial Review – Page: 4 : 31-Mar-15

ASC, BAE Systems and Forgacs have begun shedding workers at their Australian shipyards in response to a lull in defence projects. The Federal Government has proposed a new strategy for the shipbuilding industry whereby new naval vessels will be continuously built over the next two decades, replacing older vessels as they are retired from service. Japan has a similar program for its submarine fleet

CORPORATES
ASC PTY LTD, BAE SYSTEMS AUSTRALIA LIMITED, FORGACS ENGINEERING PTY LTD, AUSTRALIA. DEPT OF DEFENCE, AUSTRALIAN STRATEGIC POLICY INSTITUTE LIMITED

PM’s $500m payoff to SA, Vic industry

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Original article by Phillip Coorey, Simon Evans
The Australian Financial Review – Page: 1 & 4 : 11-Mar-15

The Australian Government will retain a $A500m industry assistance scheme for the local car industry, despite its impact on the Budget bottom line. It wants to ensure that automotive component makers remain financially viable until the local car manufacturing ends. GM Holden has indicated that the Government’s support for the scheme will increase the likelihood that the car maker will keep its plants open until the scheduled shutdown, while Toyota says it definitely will not close its plant before the end of 2017

CORPORATES
GM HOLDEN LIMITED, GENERAL MOTORS CORPORATION, TOYOTA MOTOR CORPORATION AUSTRALIA LIMITED, AUSTRALIA. DEPT OF INDUSTRY AND SCIENCE, FORD MOTOR COMPANY AUSTRALIA LIMITED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, LIBERAL PARTY OF AUSTRALIA, LIBERAL DEMOCRATIC PARTY, AUSTRALIAN LABOR PARTY, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN MANUFACTURING WORKERS’ UNION, THE CENTRE FOR INDEPENDENT STUDIES LIMITED

Jetpack dream achieves lift-off on ASX

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Original article by Sally Rose
The Australian Financial Review – Page: 21 : 25-Feb-15

Shares in Martin Aircraft Company were offered at $A0.40 in its Australian IPO, and the stock closed at $A0.44 on debut on 24 February 2015. The company has developed a wearable jetpack that will be priced from $US200,000 ($A250,000). Martin Aircraft aims to deliver the first Martin Jetpacks to customers in the second half of 2016

CORPORATES
MARTIN AIRCRAFT COMPANY LIMITED – ASX MJP, KUANGCHI SCIENCE LIMITED

Roy Morgan announces 2014 winners of Customer Satisfaction Awards

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 19-Feb-15

Roy Morgan Research announced the winners of its fourth annual Customer Satisfaction Awards on 18 February 2015. The awards recognise outstanding levels of customer satisfaction, as judged by more than 50,000 consumers and 12,000 business decision-makers throughout 2014. The 37 award categories cover sectors such as banking, insurance, superannuation, automotive, travel and hospitality, retail, telecommunications and utilities. Roy Morgan Research CEO Michele Levine says the awards have earned a reputation as the most accurate and reliable measure of customer satisfaction in Australia

CORPORATES
ROY MORGAN RESEARCH LIMITED, LEXUS AUSTRALIA, P&N BANK, GREATER BUILDING SOCIETY LIMITED, PEOPLE’S CHOICE CREDIT UNION, DEFENCE SERVICE HOMES INSURANCE SCHEME, ESSSUPER, PLUM FINANCIAL SERVICES LIMITED, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, WESTPAC BANKING CORPORATION – ASX WBC, CBHS FRIENDLY SOCIETY LIMITED, INSURANCELINE HOLDINGS PTY LTD, BENDIGO AND ADELAIDE BANK LIMITED – ASX BEN, NRMA LIMITED, REST SUPER PTY LTD, AUTOBARN PTY LTD, GUARDIAN CHEMISTS, SUSSAN-SUZANNE GRAE, MICHEL’S PATISSERIE, DAVID JONES LIMITED, TARGET AUSTRALIA PTY LTD, THE REJECT SHOP LIMITED – ASX TRS, THE GOOD GUYS, TRUE VALUE HARDWARE LIMITED, CRUST PIZZA, GULL PETROLEUM PTY LTD, BETTS AND BETTS PTY LTD, BETTS KIDS, SPORTSPOWER, ALDI STORES SUPERMARKETS PTY LTD, APPLE INCORPORATED, SOUTHERN PHONE COMPANY LIMITED, INTERNODE SYSTEMS PTY LTD, AMAYSIM AUSTRALIA PTY LTD, QANTAS AIRWAYS LIMITED – ASX QAN, SINGAPORE AIRLINES LIMITED, ACTEWAGL, RED ENERGY PTY LTD

Jetpack float set to take off with China backer

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Original article by Sally Rose
The Australian Financial Review – Page: 21 : 16-Jan-15

New Zealand’s Martin Aircraft Company will be listed on the Australian stock exchange in February 2015. The group announced in mid-January 2015 that Hong Kong investment fund KuangChi Science will invest up to $A50 million in Martin Aircraft within the next two and a half years. The funds will be used to commercialise Martin Aircraft’s new jetpack

CORPORATES
MARTIN AIRCRAFT COMPANY LIMITED – ASX MJP, KUANGCHI SCIENCE LIMITED, NEW ZEALAND AIRWAYS LIMITED

PM pledges SA jobs in submarine project

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Original article by John Kerin
The Australian Financial Review – Page: 6 : 9-Jan-15

The Australian Government has not yet decided which option it will choose to replace the Collins class submarine fleet. Prime Minster Tony Abbott said on 8 January 2015 that there will be no loss of jobs in Adelaide. The Japanese Government proposed to build the new vessels with the Soryu-class submarine as the basis for the $A20 billion project, and some work to be done in Australia

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, THYSSENKRUPP AUSTRALIA PTY LTD, DCNS SA, BAE SYSTEMS AUSTRALIA LIMITED, FORGACS ENGINEERING PTY LTD

Workers accept Holden payout

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Original article by Sarah Martin
The Australian – Page: 2 : 6-Nov-14

John Camillo, South Australian secretary of the Australian Manufacturing Workers’ Union, has announced that its members have voted in favour of the new enterprise bargaining agreement (EBA) at GM Holden. It has been lodged with the Fair Work Commission, but is also likely to be the last EBA as the car maker will withdraw from local assembly by 2017. Until then wages will increase 3% per annum, and voluntary redundancy packages are being offered that consist of 3.5 weeks’ worth of pay for each year of service

CORPORATES
GM HOLDEN LIMITED, GENERAL MOTORS CORPORATION, AUSTRALIAN MANUFACTURING WORKERS’ UNION, AUSTRALIA. FAIR WORK COMMISSION, FORD MOTOR COMPANY AUSTRALIA LIMITED, FORD MOTOR COMPANY, TOYOTA MOTOR CORPORATION AUSTRALIA LIMITED, TOYOTA MOTOR CORPORATION