Assembly time for an economy seat is 2 1/2 hours, while it takes 12 hours to put together a business-class model. Recaro plans to sell 80,000 seats this year, 10,000 more than in 2012, he said. Flagship Airliner The companys focus on economy class, where the weight of seats has dropped by more than 50 percent to 11 kilograms (24.2 pounds) in the last 20 years, means it may have neglected its pricier offerings, falling behind the new seats developed by rivals that offered more features and comfort, said Gary Weissel, an analyst at ICF International, who specializes in aircraft interiors. Alongside first class, big carriers pay the most attention to business-class seating, as that is where the airlines make the most money, Weissel said. Recaro started as a maker of chassis for Daimler AG (DAI)s Mercedes cars when it was founded in 1906, and later made bodies for Porsche cars.
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The price of gold touched $1,420 an ounce this week, a three-and-a-half month high, as escalating tensions in the Middle East, volatile currency markets and renewed demand for jewelry in China and India pushed prices higher. Gold has surged 15 percent since sinking to $1,212 an ounce, its lowest level in almost three years, on June 27. A gain of 20 percent or more would put the metal back in a bull market. ___ US consumer spending up weak 0.1 percent in July WASHINGTON (AP) U.S. consumers barely increased their spending in July as their income grew more slowly, held back in part by steep government spending cuts that reduced federal workers’ salaries.
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