Hot Off the Press

---

Automotive-Executive Optimism on the Rise

The number of automotive executives worldwide predicting an increase in global profits over the next five years rose from 16 percent two years ago to 26 percent, according to a new annual survey conducted by the accounting advisory firm KPMG LLP. The number predicting a decline in profits dropped from 28 percent 2 years ago to 14 percent. KPGM interviewed 113 executives from 11 countries, including the United States, Canada, India, China and Japan. Other findings: 86 percent of the executives believe that quality would be a leading factor influencing consumer purchase decisions, followed by fuel efficiency (84 percent), safety (70 percent) and affordability (69 percent). Learn more at www.us.kpmg.com.

---

Rexcon Opens Facility in Alabama

Rexcon Controls and Automation, a division of Electrex Co., opened a facility in Irondale, AL. The firm, the exclusive partner for Wintriss/Honeywell systems, provides CAD automated system design, control retrofits, panel building, machine wiring and other services, and maintains a fleet of fully equipped service vehicles. Learn more at www.rexconcontrols.com.

---

Research Confirms Chinese Energy Subsidies
an Unfair Boon to Steel Industry

According to a report released today commissioned by the Alliance for American Manufacturing (AAM), Washington, D.C., the Chinese government has, for the last several years, massively increased energy subsidies to its steelmakers. From 2000 to mid-year 2007, these subsidies totaled $27.11 billion, says the AAM report, authored by Dr. Usha C. V. Haley, Ph.D. These energy subsidies include supports for thermal and coking coal, electricity and natural gas. Also noted in the report: In 2005, China transitioned from a net steel importer to a steel exporter, and in 2006 it became the largest steel exporter in the world. To read the entire report, log on to www.americanmanufacturing.com.

---