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WHAT TO CONSIDER WHEN OPTING FOR OUTSOURCING

Outsourcing is the process of having certain services that could be, or have been, provided internally performed on a continuing basis by companies or individuals outside your organization. It's long been common in manufacturing for companies to depend on external suppliers to provide them with components made to their specifications. Most business decisions favoring outsourcing are made for economic reasons, according to a recent article from the National Federation of Independent Businesses (NFIB).

WHEN TO PASS ON A BUSINESS OPPORTUNITY

What does is take to be successful in business? According to Larry Mersereau-small business consultant, speaker and author in the field of marketing and promotion-a look at successful people tells you that the ability to spot opportunity in these rapidly changing times is one major key. And it's not enough to just see opportunity, he says. It's not even enough to see it and act on it. It's at least equally important to be able to assess whether the opportunity you're looking at is right for you...before you act on it.

THE BEGINNING OF THE END FOR CDS?

Frank Homann, Siemens VDO vice president of cockpit modules, "declared the in-vehicle CD player a dead man walking, doomed by a rising tide of portable digital music players, high-tech cell phones and packaging issues" during the SAE International World Congress. According to Ward's Auto, Homann stated that Siemens is working on systems for 2012, which include CD players, but that by 2015 they won't be around.
   

NISSAN CUBE TO OUT-BOX SCION XB?

In the wake of other successful B-segment icons, such as the Scion xB, Honda Fit and Toyota Yaris, Nissan has signaled its plans of transplanting another diminutive Japanese vehicle to the U.S. market—the Cube.
   

CONSUMERS MAY GIVE UP PERFORMANCE FOR FUEL ECONOMY, SAYS CONSUMER REPORTS

According to a recent Consumer Reports poll, facing soaring gasoline prices, American car buyers definitely want more fuel-efficient vehicles but may not be ready to give up size, range, performance or other amenities to achieve that goal.

SEMA SCC FOCUS PANEL: ENGLISHTOWN, NEW JERSEY

SEMA staff hosted a Focus Panel at the Old Bridge Township Raceway Park in Englishtown, New Jersey, in May to learn about consumer behavior. With the NHRA Springnationals and the D1GP both holding events during the same weekend, the venue attracted enthusiasts from the drag racing and drifting crowds and provided an opportunity for consumers and industry professionals to discuss important topics circulating through our industry. From opinions on product development to consumer-manufacturer communication, the event was a valuable learning tool for people on both sides of the isle.

B-CLASS BENZ COULD HIT U.S. MARKET

A new Mercedes-Benz B-class small car could enter the U.S. market as early as 2011, according to a recent AutoWeek article. The automaker said that if they were to bring the B-class here, it would be the next generation model due in 2011. The article also noted that Mercedes may bring an SUV smaller that the M-class to the United States as well.

BELT-DRIVE STEERING COMING TO LIGHT TRUCKS

TRW Automotive recently unveiled its Electrically Powered Steering (EPS) Belt Drive system that will launch on North American models in 2008, according to a TRW Automotive press release.

SALES OF PORTABLE NAV DEVICES EXPECTED TO GROW


The market for in-vehicle global positioning systems (GPS) is growing, with sales forecasted to exceed 3.3 million units this year, according to a recent Wall Street Journal report. The Consumer Electronics Association (CEA), meanwhile, says that sales of aftermarket personal navigation devices experienced triple-digit growth in 2006, with over 2.2 million new units sold.

SUBCOMPACT SALES SOAR

It has been a year since the Japanese Big Three reintroduced B-cars in the United States, and the segment has been growing ever since. According to a recent WardsAuto.com article, year-to-date sales suggest that subcompact sales will reach levels not seen in more than 11 years.

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