Dow Jones Index Plunges U.S. Auto Firms' Share Price to New Lows

Geely Auto reported that the Dow Jones Industrial Average plunged 419 points on August 18, 2011; meanwhile, the listed companies in the auto industry have also suffered serious setbacks, from GM, Ford and other vehicle companies to TRW parts suppliers. , Even auto dealers such as AutoNation, the stock price fully diving.

At 16:00 on the August 18th, US Eastern Time, the Dow Jones Industrial Average fell 419.40 points to close at 10,990.81 points, a decrease of 3.68%. In the automotive industry, more and more analysts have lowered their expectations for new car sales in the United States during the year, leading investors to shrink from Ford and General Investment. Although a few analysts insisted on a bullish auto market, General Motors closed at 23.60 U.S. dollars, plunging 5.37%, and once dropped to 23.29 U.S. dollars, far below the initial price of 33 U.S. dollars, the lowest since the IPO last November. Ford's stock price fell to 10.38 US dollars, a decrease of 6.5%.

In contrast, U.S. auto parts suppliers are even more miserable. On the same day, Meritor's share price plunged 13% to close at 7.99 U.S. dollars, while TRW autos fell 10% to close at 38.25 U.S. dollars.

Car dealerships have not been spared. AutoNation shares fell 3.9% to close at $34.29, Group 1 Automotive fell 5% to close at $37.52, and Penske Automotive slipped 6.9% to $16.26.

Brian Johnson, an analyst at Barclays Capital, said on the day that he was optimistic about the auto industry’s optimism. Ironically, Barclays Bank lowered the target price of the American automotive industry company, Ford from $20 to $15, and GM from $40 to $38. Parts suppliers were again bearish on Barclays Bank, Lear reduced from US$67 to US$64, BorgWarner dropped from US$92 to US$89, and American Axle fell from US$14 to US$12.

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Pulverizers are machines that pulverize large solid materials to the required size.

According to the size of the crushed material or the crushed material, the mill can be divided into coarse crusher, medium crusher, fine mill and superfine mill. There are four kinds of external forces applied to the solid in the grinding process: pressing, cutting, impact and grinding. Press rolling is mainly used in coarse and medium crushing, suitable for the crushing of hard materials and bulk materials. Shearing is mainly used in fine crushing, suitable for the crushing of ductile materials. Impact is mainly used in medium crushing, fine grinding, ultrafine grinding, suitable for crushing brittle materials. Grinding mainly in fine grinding, ultrafine grinding, suitable for small pieces and fine particles.

The crusher makes use of the high speed relative motion of the movable tooth plate and the fixed tooth plate, so that the crushed object can be crushed by the comprehensive action of tooth impact, friction and the impact between the materials. The crusher is suitable for crushing Chinese herbs, precious medicinal materials, ores and chemical raw materials in small batches in various varieties, alloys, metallurgy, geology, scientific research and other units.

The pulverizer machine has the advantages of simple structure, solid, stable operation and good crushing effect. The pulverized material can be discharged directly from the grinding chamber of the main machine. The particle size can be obtained by replacing the mesh screen with different aperture. The powder collecting chamber adopts the completely closed silencer structure, which can effectively reduce the working noise. In addition the machine is all stainless steel. The inner wall of the casing is machined to achieve smooth surface, which changes the phenomenon of rough inner wall and powder accumulation of the previous models, so that the production of drugs, food, chemical industry and so on is more in line with national standards and meet the requirements of GMP.

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