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OEM News 12/16/2008

Dec. 16, 2008
December 16, 2008   Articles Boeing Schedules 787 Dreamliner First Flight For 2Q09 ...
December 16, 2008
Boeing Schedules 787 Dreamliner First Flight For 2Q09
Boeing provided an updated
schedule for its all-new 787 Dreamliner program that moves the commercial jet's first flight
into the second quarter of 2009 and first delivery into the first quarter of 2010. Read More

Boeing Commercial Airplanes Announces Restructuring
The Boeing Company announced a series of
executive leadership changes and a restructuring within Boeing Commercial Airplanes to
better align resources across its development and production programs and strengthen
oversight of its global supply chain. Read More

Cummins Revises 2008 Outlook
Cummins Inc. revised its outlook for 2008 due to the continuing decline in many of its key markets around
the world.
The Company now expects 2008 sales to increase by 9 percent over 2007, compared to its
previous guidance of a 12 percent increase. Earnings Before Interest and Taxes (EBIT) is
forecast to be slightly more than 9 percent of sales, compared to the Company's earlier
guidance of 10 percent. Read More

Lear Corp. Withdraws Financial Guidance
Lear Corporation, a supplier of automotive seating systems, electrical distribution systems and electronics products, said it is withdrawing its full-year 2008 financial guidance as a result of further weakness in global automotive demand and overall industry uncertainty. Read More

American Axle & Manufacturing Launches Joint Venture In China
American Axle & Manufacturing Holdings, Inc.said it has entered into an agreement, through
one of its subsidiaries, to form a joint venture with Hefei Automobile Axle Co, Ltd., (HAAC), a
subsidiary of the JAC Group (Anhui Jianghuai Automobile Group Co, Ltd). The new company,
Hefei AAM Automotive Driveline & Chassis System Co., Ltd., will manufacture and sell rear
beam axles, front axles, power transfer units (PTU), Rear Drive Modules (RDM) and
suspension modules for passenger cars, sport utility vehicles (SUVs) and multi-purpose
vehicles (MPVs) for the China market. Read More

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