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, General Motors Corp., Article, Alcan Aluminium Ltd.

Bougie bolts Alcan 'to get off the treadmill.'

Article Abstract:

Jacques Bougie announced that he is resigning from his post as Alcan Aluminum Ltd.'s chief executive officer (CEO). Bougie said he was resigning for purely personal reasons and not because of Alcan's recent merger with Alusuisse Lonza Group AG.

Primary aluminum, Appointments, resignations and dismissals, Alcan Inc., AL, Bougie, Jacques

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.

United States, Beliefs, opinions and attitudes, Fisher, Kenneth, Fisher Investments Inc.