Yet it's not as profitable as it could be, mostly because engineering costs remain too high.
This saves plant engineering costs and helps each new plant learn from the mistakes of the plant before it.
Airbus officials have said they might fit 7E7 engines on the A330, cutting the operating advantage, though questions have arisen over related engineering costs.
So that's why the company will build up to 800, 000 midsize cars and car-based crossovers off of one common chassis, saving billions in engineering costs.
If all goes as planned, GM hopes that the coordinated global strategy will shave 30% to 50% off its engineering costs, which account for as much as half of the costs of developing a new vehicle, according to James Queen, GM's engineering head.
Campaign group A Human Right, which is supported by the UN, has called on the Department for International Development to contribute a substantial amount to the engineering costs of connecting the island to the South Atlantic Express, a new superfast fibre optic cable being laid by South African firm eFive.
If all goes as planned, GM (nyse: GM - news - people ) hopes the coordinated global strategy will shave 30% to 50% off its engineering costs, which account for up to half of the costs of developing a new vehicle, according to James Queen , GM's engineering chief.
You should be interested in understanding how much something costs in engineering time, and why it costs so much.
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While the direct labor required to manufacture such products is considerably lower, overall lower wage rates enable Chinese manufacturers to benefit from building, equipment, engineering and overhead costs that are substantially lower than those for their Western counterparts.
Previous projects have been money pits, on average exceeding budgets by 56%, by dint of high labor costs and engineering mistakes.
Now, as it restores spending on engineering, its overhead costs will rise, but the new products are still a couple of years off.
Citing higher capital costs, FPL suspended engineering and construction work on its project, located 25 miles south of Miami.
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They were a tiny group of civil servants, far more fascinated by the precise details (weights, measures, sizes, costs) of the engineering feat they were attempting than the human courage that the project required.
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Many colleagues in the industry have recognised that we face an exacting double challenge: to make good the huge investment backlog while restraining costs and building a company dedicated to engineering excellence.
"Until Detroit learns that collaboration gets you far lower costs than constantly aggravating competition, it will be engineering high cost cars, " he says, adding that a quick face-lift won't save Detroit car makers from bankruptcy.
This approach, which has been repeatedly condemned by the scientific community, has discouraged the development of new pest-resistant crops, encouraged greater use of synthetic chemical pesticides, and limited the use of the newest genetic engineering technology mainly to larger developers who can pay the inflated regulatory costs.
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Panelists argued that indirect costs in the form of lost focus by executives and critical engineering resources is much higher.
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What they should be doing instead is examining how other professions like engineering, consulting and software run their businesses with close attention to decreasing costs and increasing efficiency.
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Competitors shave costs and boost margins doing what for Thor would be unthinkable--sharing engineering, development and manufacturing.
Global costs: GM has been trying for years to knit together its vast, disjointed engineering operations into an efficient global operation so that it can become more efficient.
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Factoring in the long life of the bulbs, the hotel made the upfront costs of switching to LEDs work, said Harry Hobbs, the hotel's director of engineering.
The future impact this could have on life spans, health and health care costs as more and more people are able to ride and get the benefits of exercise from improved bicycle engineering, can have a powerful affect on many industries and socio-economic classes.
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