Viewing entries posted in 2008

It's on to Stuttgart, with something to look at

Posted on 1 May 2008 | 0 Comments

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Scuderi Group executives are busy planning for their next trip, this time to Engine Expo 2008, May 6-8 in Stuttgart, Germany. Now in its tenth year, Engine Expo is billed as "the most important international trade show for automotive, bus and truck engine designers and manufacturers ... Engine Expo provides the most intense concentration of engine component manufacturers and technology providers anywhere in the world." Scuderi Group executives and staff will be at Stand 5342. The company invites attendees to stop by to get an overview of the Scuderi Air-Hybrid Engine, and to learn about recent test findings -- based on a working valve train prototype -- that back the design Scuderi Air-Hybrid Engine's crossover valve train. These findings demonstrate that the sophisticated computer models that the Scuderi Group is using to develop the Air-Hybrid Engine are producing concrete engineering results that work as expected when prototyped. When asked about plans for Engine Exop, Scuderi President Sal Scuderi said that the company plans to display a demonstration model of the valve train (seen below), so that engineers can "touch and feel it and get a much better picture of how the hardware is going to work." . Scuderi Air-Hybrid Engine Valve Train Model 2 Scuderi Air-Hybrid Engine Valve Train Model 2

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Scuderi Group Podcast - April 30, 2008

Posted on 30 April 2008 | 0 Comments

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The Scuderi Group recently announced that tests of the Scuderi Engine’s valve train by an independent laboratory have exceeded expectations with a nearly perfect match to initial computer models of the engine. The crossover valve train is one of the most critical portions of the Scuderi Engine. In this podcast, Scuderi Group President Sal Scuderi talks about the latest developments.

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Oil nears $120 following labor and military strikes

Posted on 28 April 2008 | 0 Comments

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VIENNA, Austria, April 28, 2008 -Oil prices hit an all-time high near $120 a barrel Monday after a weekend refinery strike closed a pipeline system that delivers a third of Britain's North Sea oil to refineries in the U.K. The shutdown comes amid supply outages in Nigeria that have helped to support oil against a strengthening dollar. "We've got a confluence of a number of events that have really disrupted crude oil supply," said Victor Shum, an energy analyst with Purvin & Gertz in Singapore. "That's what's driving oil to a new record even though the U.S. dollar actually strengthened a bit." Light, sweet crude for June delivery rose to a record $119.93 a barrel in electronic trading on the New York Mercantile Exchange. The contract eased back to $119.04 a barrel by noon in Europe, up 52 cents from Friday's close of $118.52. BP PLC on Sunday shut down the Forties Pipeline System that carries more than 700,000 barrels of oil a day to the U.K. because of a 48-hour walkout by employees at a refinery in central Scotland. Workers walked out of the Grangemouth refinery vowing not to give ground in their dispute with refinery owner Ineos over plans to close a generous pension scheme to new employees. Ineos chief executive Tom Crotty said it could take a week for the plant to return to production once the strike ends on Tuesday. BP said its pipeline could be up and running within 24 hours. BP's Kinneil plant, the onshore processing center for the pipeline system, is powered from the Grangemouth site. "With the refinery being shut down, it will affect supplies from the North Sea and that has a potentially significant impact," said David Moore, a commodity strategist with the Commonwealth Bank of Australia in Sydney. "That comes at the same time that there's production disruptions from Nigeria so the combined effect of those is the immediate factor that's put pressure on oil prices." Analyst Stephen Schork also attributed the bullish market to the combination of events stoking supply concerns. Read the rest of the AP story.

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Scuderi Group at SAE 2008 World Congress Day Four: Over and out!

Posted on 18 April 2008 | 0 Comments

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The final day of the 75th Annual SAE World Congress came to a close Thursday. With sore feet and fatigue very evident among the group, the team kept continuing to be available to all who wanted to engage. Even with marketing material reinforcements arriving that morning, information about the most efficient internal combustion engine was grabbed at such a fast rate that only four kits were left when the lights were finally shut off at Detroit's Cobo Center. Even still as the official close was announced, local OEMs were still hanging around the exhibit booth wanting to know more about the latest valve train test rig and results of the recent full load study. The action never stopped. SAE World Congress Scuderi Group 2008
On hand to support Scuderi Group's sponsorship of the SAE VIP Reception were European Vice President of Operations Lutz Deyerling, Vice President of Sales and Marketing Nick Scuderi, Ruth Scuderi, President Sal Scuderi, and Vice President Steve Scuderi. Team Scuderi closed out the event by executing their exclusive sponsorship of the VIP reception prior to the big annual banquet that honors the year's automotive engineering notables. It was a formal affair with automotive elite on hand to mingle, eat, drink and be merry as they toasted each others' annual accomplishments. A good time was had by all. The group now heads home to West Springfield and Frankfurt as they regroup and rest up for another active week coming up. With meetings with a major OEM in France and marketing/public relations firms in Germany, Team Scuderi will continue its tour as it gears up for Engine Expo Stuttgart in May.

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Scuderi Group at SAE World Congress 2008 Day Three

Posted on 17 April 2008 | 0 Comments

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Day Three of the 75th Annual SAE World Congress saw no let up of the flow of OEMs, engineers and media streaming through the booth to get a better look at the much-anticipated Scuderi Air-Hybrid Engine. With literature and DVDs at a premium, the Scuderi exhibit team did their best to make sure the right information got to all who wanted it. But have no fear, marketing and communication reinforcements are on their way! Wednesday started with an off-site meeting between the engineering team and a major local OEM that showed genuine progress that U.S. auto manufacturers would not miss out on what European and Indian auto makers have realized to date: The Scuderi Engine has the potential to solve their major emissions compliance and hybrid product line challenges. The message was simple: The efficiency and emission study results provide automakers with the validation that not only could they have the most inexpensive, fuel-efficient vehicle ever, but also the opportunity to offer today's driver the most affordable - and efficient - "green" car out there. Meanwhile, things were busy at the exhibit booth, with visits from OEMs from the China, Japan, Korea, Germany, and the U.S. contingents. It was also a heavy day for media as reporters and producers from PowerTrain International, Automotive News, Wards AutoWorld, Canadian Automotive Business, WWJ News Detroit, and AutoLine Detroit came by for interviews and updates on all the news and developments. Today is Day Four and with that brings the final day of the event and what has been a tradition here since its debut two years ago, the Scuderi sponsorship of the VIP Reception prior to the big SAE 2007 Annual Banquet -- a black tie affair and yet another opportunity for the Scuderi Group to showcase its innovations, the event honors the top OEMs and suppliers of 2008. The banquet takes place at the Marriott ballroom adjacent to the GM compound on the banks of the river in downtown Detroit. To open the event, the U.S. National Anthem will be performed by the Wayne State University Glee Club. The event will be facilitated by master of ceremonies Paul W. Smith, talk host on WJR Radio News Detroit.

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Scuderi Group at SAE World Congress Day Two

Posted on 17 April 2008 | 0 Comments

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Day Two of the 2008 SAE World Congress came and went in a flurry. With news stories hitting the press about the latest laboratory test results, information about the engine and copies of the DVD were in high demand. Hundreds of engineers from around the world flowed through the booth hoping to learn more about the engine, which has passed every critical test to date. Reps from major OEMS from the U.S., Europe, and Asia were present, often visiting more than once with colleagues and others interested in finding out all the technical nuances that enable the engine to achieve higher efficiency, more power, and less NOx emissions than any conventional or hybrid engine on the road today. This is the third year the Scuderi Group has exhibited at this event and VP of Marketing and Sales Nick Scuderi commented that, by far, this has been the best SAE event for the group. Media was also present, including visits by Autochannel.com, AutoTech News, OEM Off Highway magazine, and Supplier Business, among others. With a good night's sleep behind them, Team Scuderi has a busy day today as Day Three gets underway with an off site meeting at a major OEM, follow ups with its patent team, and more scheduled press interviews.

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Scuderi Engine's Valve Train Sub-Assembly Tested by Independent Laboratory

Posted on 15 April 2008 | 0 Comments

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Test Results of Performance Criteria Exceed Preliminary Expectations DETROIT, MI -April 15, 2008 - Reaching yet another significant milestone in its development of the world's most fuel efficient internal combustion engine -- The Scuderi Air-Hybrid Engine -- the Scuderi Group today announced that measured results from valve train test rig tests by an independent laboratory have exceeded expectations and have had a nearly perfect match to initial computer predictions of the engine. This announcement marks the first day of the Scuderi Group's participation in the SAE World Congress and Exposition at the Cobo Center, where they will be meeting with automotive engineers from around the world to discuss the latest developments of the much-anticipated Scuderi Engine (Booth 1337). The newly developed valve train test rig is designed to fully actuate, test and measure all performance criteria of the Scuderi Engine's crossover valve train sub-assembly, prior to the final assembly of the first Scuderi Engine prototype. The crossover valve train is one of the most critical portions of the Scuderi Engine since it must actuate at greater than Formula 1 speeds. Testing on the valve train test rig is expected to continue through the month of April. "The valve train on the Scuderi Engine has been one of the most scrutinized features of the engine since our debut here at SAE World Congress two years ago," said Sal Scuderi, president of the Scuderi Group. "The valve train test rig simulates every aspect of the engine's environment, minus the heat of combustion. Therefore the laboratory was able to fully actuate the crossover valves at all engine speeds under all load conditions, and compare measured results to the computer-predicted performance data."

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Scuderi Group at SAE World Congress 2008 - Day One

Posted on 15 April 2008 | 0 Comments

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The Scuderi Group opened up the first day of the 2008 World Congress on Monday, greeting the throngs of engineers and automotive executives that have flocked to Detroit the annual gathering at the Cobo Center. SAE Show 2008 Headlining all the exciting updates around the Scuderi Air-Hybrid Engine was the news about the split-cycle engine's valve train test rig. Results from the independent laboratory developing the prototype showed that the valve train matched all the previous computer simulations and in many cases exceeded expectations around engine efficiency, power and NOx emissions. Exciting news indeed as not only has the valve system been one of the most critical components of the core engine, but it came out even better than expected. With a full exhibit team of engineers, sales, marketing and public relations personnel, the Scuderi Group had a steady flow of engineers wanting to learn more about the engine and the recent testing updates. As usual, the exhibit welcomed its share of media and analysts including editors from Motor Trend, Motor News, Machine Design, Auto Tech News, Global Insight, Automotive Industries, and Engine Technology International, among others. With a good night's sleep behind us, Day Two is expected to be the busiest day of the show and has a full agenda with off-site meetings, more media interviews and the annual Tex-Mex swaree hosted by the Scuderi Group's independent laboratory.

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Inventory Data Sends Oil Prices to Fresh Records

Posted on 9 April 2008 | 0 Comments

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Crude oil prices hit a new all-time intraday high after the Energy Department reported a surprise decline in U.S. oil inventories. The government said inventories slid by 3.2 million barrels last week -- a surprise for Wall Street given analysts surveyed by Dow Jones forecasted a 2.4 million barrel increase. Also, the Energy Department said gasoline inventories declined by 3.4 million barrels last week. Oil futures soared more than $3.50 on the news and hit a new intraday record of $112.21 a barrel on the New York Mercantile Exchange. Crude closed $2.37 higher in New York at $110.87 per barrel -- a new Nymex record. The soaring oil prices come amid a fresh record for gasoline prices, which increased 1.2 cents to $3.343 a gallon, according to a new survey by AAA and the Oil Price Information Service. Read the whole story on FoxBusiness.com.

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Tatas' deal with Ford may touch $3-3.5 billion

Posted on 28 March 2008 | 0 Comments

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Source: The Times of India MUMBAI - The financial deal between Tata Motors and Ford Motor Company goes beyond the $2.3 billion, which the Indian company is paying to buy Ford’s Jaguar and Land Rover marques. This is because apart from the acquisition cost of $2.3 billion, Tata Motors will have to shell out more for Ford’s continued support for the iconic brands. The US company has agreed to support Tata Motors by supplying critical components, technology, research and development, vehicle financing for Jaguar and Land Rover. The after-sale-support, which is for a short period, comes with a price tag, thus pushing the total financial deal between the two parties. Sources peg this to be $3-3.5 billion. A person familiar with the deal said the $2.3 billion only includes the value of the two brands and fixed assets, including the three British plants. "All other stop-gap arrangements are struck at a price and with certain conditions," the source added. When contacted, a Tata Motors spokesperson said, "Jaguar and Land Rover are being acquired with all technologies, know-how and intellectual properties for their businesses. This is fully built into the purchase consideration of $2.3 billion. Therefore the purchase consideration is $2.3 billion as announced and nothing more." Read the whole article on The Times of India website.

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