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General Motors Wednesday announced plans to invest 15 billion baht - $445 million - to build a new plant to manufacture clean, green turbo-diesel engines in Thailand.

“This plant will enable us to deliver to our customers the cleanest, most efficient diesel engine technology available,” said Steve Carlisle, president for General Motors Southeast Asia Operations and Chevrolet Sales (Thailand). “This is crucial in these days of rising fuel prices.”

The Thai investment extends Chief Executive Officer Rick Wagoner’s strategy of expanding in the Asia-Pacific region, where sales grew about 10 per cent in the first half in contrast to slumping demand in the US. GM is in danger of being overtaken as the world’s top auto maker by Toyota as it closes US plants.

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On Tuesday, August 19, 2008, Clean Diesel will hold a conference call at 10:00 a.m. ET to discuss the results and provide a general business update. The call will be available on the Company’s website at www.cdti.com, or by calling: 877 407 8031 U.S. callers, or +1 201 689 8031 for international callers. The conference call will be led by Dr. Bernhard Steiner, CEO and Ann Ruple, CFO of Clean Diesel Technologies, Inc.

A webcast will also be archived on the Company’s website. Additionally, a telephone replay of the call will be available approximately one hour following the call through midnight Eastern Time on Monday, August 25th, 2008 and can be accessed by calling: 877 660 6853 (U.S. callers) or +1 201 612 7415 (international callers) and entering account number 286 and conference ID 293486.

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The theft of 1,000 gallons of diesel fuel from two diesel tanks in a field near Lindsay has been reported to Tulare County sheriff’s deputies, officials said this morning.

The theft, which is believed to have occurred between April and July 7 of this year, was reported Monday. The amount of the loss was estimated at $5,000.

The tanks, belonging to R & H Paul Inc. of Lindsay, were in the area of Road 196 and Avenue 241 when they were broken into, deputies said.

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Another farm was targeted for diesel fuel with someone stealing 2,000 gallons, according to the Manatee County Sheriff’s Office.

A farm in the 7400 block of Sawgrass Road in Parrish had diesel taken between 3:30 p.m. Wednesday and 6:30 a.m. Thursday, authorities believe.

The thieves cut the padlock off the gate to get into the property. The fuel is valued at about $8,000.
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Police are investigating a whopper of a fuel theft from a service station in Burbank.

Police on Monday said the service station’s owner reported 4,000 gallons of diesel disappeared sometime before 5 a.m. on Friday.

Burbank police Detective Sam Anderson says when the gas station opened at that time, workers found the underground diesel tanks had been drained.
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Hospitals, hotels, malls, cinema halls and other commercial establishments will not be able to avail subsidised diesel anymore. They have to buy costlier premium (or branded) diesel. Public sector oil companies IOC, BPCL and HPCL plan to stop supply of subsidised diesel to commercial establishments.

Retail price of branded diesel, which is currently about Rs 2.25/litre higher than normal diesel, is not regulated by the government and its price could be substantially raised, depending on the demand.

Industry in the national capital region (NCR) alone is expected to lose Rs 500 crore per year on account of this. Situation in other places is even worse as the country is facing an acute power shortage and commercial establishments rely on diesel generators. Government officials justify oil companies’ move, stating that subsidised fuel is not meant for commercial establishments.
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