This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Lighter Cars Of The Future; How Magnesium Plays A Role In Weight Reduction And Fuel Efficiency

POINT ROBERTS, Wash., Jan. 12, 2012 /PRNewswire/ --, a global investor research portal for independent investors, reports on developments in the auto industry showcased at the North American International Auto Show in Detroit and how magnesium will play a key role in future innovation. The advancement of lighter weight automobiles will result in significant fuel efficiency. The Cadillac ATS by General Motors and the Porsche 911 Carrera and Carrera S Coupes were a few of the high profile cars on display utilizing magnesium.

Ford F-150, one of the best selling vehicles in the country, also announced that its next generation of Ford F-Series will employ aluminum and magnesium for weight savings, a necessary step to meet the looming EPA's CAFE standards. 

According to Alex Markin, Managing Director of International Magnesium Group "IMG," wholly owned subsidiary of China Direct Industries, Inc., (NASDAQ:CDII), "We anticipate the demand for magnesium in the automotive industry to escalate worldwide.  This will be driven by mandates to lower fuel consumption and by buyers wanting lighter cars as energy costs continue to increase. Our magnesium segment is positioned to capitalize on the potential growth of magnesium in the automotive industry worldwide through our manufacturing competiveness and policy of stabilized pricing. IMG will be able to provide U.S. automakers with competitively priced magnesium if and when the U.S. government lifts its constraints on imported magnesium." 

Magnesium is stronger and lighter than steel and aluminum; 33% lighter than aluminum, 60% lighter than titanium, and 75% lighter than steel.

According to a press release from Porsche, "Development of the new, seventh-generation 911 Carrera and Carrera S Coupes began with a new aluminum-steel body; the Cabriolets continue the evolution with the addition of an all-new, unique top that retains the characteristic 911 coupe roof line. The intelligent lightweight design makes use of magnesium for weight reduction, improved performance and lower fuel consumption. As with the new 911 coupe, Porsche has managed to make the new Cabriolet models up to 132 pounds lighter than their predecessors."

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs