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Old 12-26-2008, 08:07 AM   #1
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Default Bad news for steel makers

Japan’s Toray took a 21 percent stake in German carbon fiber parts manufacturer Advanced Composite Engineering to tap demand among European automakers, the .
Toray’s new German buddies have contracts with Volkswagen, Porsche, Audi, and others. The Nikkei: “Carbon fiber is considered a key material to make cars lighter, but its use is limited to such parts as power transmission shafts in some luxury vehicles.

The problem is that carbon fiber composites cost dozens of times as much as steel. With costs reduced and the molding process quickened in the future, carbon fiber composites are expected to find their way into auto bodies and exterior parts
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