Pep Boys Reports Lower Fourth Quarter Results But Higher Fiscal
Year Returns.(Pep Boys-Manny, Moe and Jack)(Brief Article)
The Pep Boys - Manny, Moe & Jack said sales for the thirteen
weeks ended February 1, 2003, were $482.8 million, 5 percent less than
the $508,.5 million recorded last year. Comparable store sales, . . .
Standard Motor Said Earning, Sales Improved For Full
Year.(Standard Motor Products Inc.)(Brief Article)
Standard Motor Products, Inc., an automotive replacement parts
manufacturer and distributor, said net sales for the fourth quarter of
2002 were $107.9 million, approximately 12 percent higher than . . .
Japan's Automakers Capture Greater Market Share In
Europe.
Japan's automakers, strengthened by a solid range of fresh
models, are boosting their sales in Europe and garnering greater market
share at the expense of Volkswagen, Renault, Ford and General . . .
Linamar To Build A New Manufacturing Facility In Ontario.(Linamar
Corp.)(Brief Article)
Linamar Corp. said it plans to build a new manufacturing facility
in Guelph, Ontario to manufacturer cylinder heads for an existing
customer. Plans for this new facility include more than 200,000 . . .
Mexico's Auto Parts Exports To Get Boost From Weak
Peso.(Brief Article)
The Mexican auto parts industry is expecting exports to grow in
2003 if the peso currency remains weak. Mexico's auto parts exports
grew almost 9 percent last year, as the peso depreciated 12 . . .
Metaldyne Looks To Manufacture in China.(MascoTech Inc. opens
office in Shanghai, China)(Brief Article)
Metaldyne said that it has opened an office in Shanghai, China, as
a prelude to establishing a manufacturing presence in the country. The
office will support the development of the company's . . .
Cooper Tire Acquires Max Trac Tires.(Cooper Tire and Rubber Co.,
Max Trac Tire Company Inc.)(Brief Article)
Cooper Tire & Rubber Co. said it has purchased Max Trac Tire
Co., Inc., better known as Mickey Thompson Performance Tires &
Wheels. The company, with leased locations in Stow, Ohio and . . .
Japanese Parts Supplier Selects North Carolina For New Plant.(NT
Techno)(Brief Article)
NT Techno (Takahama, Japan), a Tier III automotive supplier, has
chosen Oxford, Granville County, North Carolina, for the location of its
first U.S. manufacturing plant. Investment in the new . . .
TI Automotive Awarded GM Fuel-Line Contract.(General Motors Corp.
awards contract for fuel-line systems)(Brief Article)
TI Automotive, a supplier of fluid storage and delivery systems,
said it has been awarded a contract to provide fuel lines for several
future full-sized General Motors vehicles. Production for up . . .
Federal-Mogul Signs Agreement to Sell OE Molded Lighting Assembly
Operations to Decoma International.(Brief Article)
Federal-Mogul Corp. said it agreed to sell its OE molded lighting
assembly operations to Decoma International Inc. The agreement is
subject to approval by the U.S. Bankruptcy Court in . . .
Visteon Corp. Will Drop Out Of Seating Business.(Brief
Article)
Visteon Corp. said it will exit its seating business located in
Chesterfield, Mich. The Chesterfield plant currently provides seating
systems to Ford. Ford will source current model seating . . .
Goodyear, TRW Automotive to Collaborate on Tires,
Suspensions.(Goodyear Tire and Rubber Co., TRW Automotive Aftermarket
Div.)(Br
The Goodyear Tire & Rubber Co. and TRW Automotive have signed
a five-year agreement to jointly study tires, braking, suspension and
steering systems to accelerate product development for . . .
OE Battery Shipments Fell, Aftermarket Shipment Climbs In
2002.(shipments data for original equipment, replacement automotive
ba
Shipments of replacement automotive batteries in the first 10
months of 2002 rose 3.01 percent, compared with the Jan.-Oct. 2001
period, while original equipment auto battery shipments fell . . .
Kyosan Denki America and DENSO to Establish Mt. Sterling, Ky.
Manufacturing Facility.(Kyosan Denki America Inc., DENSO Internati
Kyosan Denki America, Inc., of Winchester, Ky., and Denso
International America, Inc., of Southfield, Mich., said that they will
establish a North American manufacturing company in Mt. Sterling, . . .
Tenneco Automotive Expands Operations in China.(Brief
Article)
Tenneco Automotive said that its exhaust manufacturing joint
venture in Dalian, China has expanded its operations with a new JIT
(just-in-time) manufacturing plant in Changchun, China. The new . . .
Independent Warranty Providers Receive Higher Satisfaction
Ratings From Dealers Than OEM Providers.
In the highly profitable area of extended warranty programs,
automotive dealerships are significantly more satisfied with independent
service contract providers than OEM providers, according to . . .
Ford, GM To Sharply Cut 2nd Quarter Output, Small Auto Supplier
Expected To Be Hurt Hardest.(Ford Motor Co., General Motors
Corp
General Motors and Ford Motor announced plans to curtail vehicle
production in the second quarter, after sales of cars and light trucks
slowed in February. That could push many of the smaller auto . . .
Big Three New Vehicle Quality Improves According To Recent
Survey.
The Big Three automakers are on a par with European automakers in
terms of quality, but still lag their Asian counterparts, according to a
recent Consumer Reports survey.
Consumer Reports' . . .
Taxpayers Group Says New FreedomCAR Initiative Is A Waste Of
Taxpayers' Money.(National Taxpayers Union )
The National Taxpayers Union (NTU) said that the Bush
administration FreedomCAR initiative is a waste of taxpayers money.
According to a recent study by the 335,000-member NTU, FreedomCAR's
fiscal . . .
O'Reilly Automotive Reports Fourth Quarter and Annual
Earnings.(Brief Article)
O'Reilly Automotive, Inc. reported record revenues and
earnings for the fourth quarter and year ended December 31, 2002,
representing 10 consecutive years of record revenues and earnings . . .
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