Dura Automotive Reports Improved Earnings.
Dura Automotive Systems, Inc. reported third quarter revenues of
$586.8 million and EPS of $0.35 per diluted share before the effects of
facility consolidation and other charges. This result . . .
Champion Parts Third Quarter Results.(Brief Article)
Champion Parts, Inc. reported net sales of $5.2 for the third
quarter ended Sept. 29, 2002, compared to $5.7 in the
same period last year. The company reported a net loss of $98,000,
or $0.03 per . . .
Millennium Cell, Ballard Complete Partnership Agreement.(Brief
Article)
Millennium Cell Inc., creator of energy dense proprietary
technology to safely store, deliver and generate pure hydrogen, and
Ballard Power Systems have successfully completed their . . .
Ballard Gets New Order For Automotive Fuel Cells.(Brief
Article)
Ballard Power Systems has received a $1.88 million order from a
new automotive customer for Ballard's fuel cell engine and support
services. The contract will include Ballard's light-duty fuel . . .
Brake System Joint Ventured Formed In China.(Brief
Article)
NewTech Group International, Inc., NewTech Brake Corp., and Suzhou
Bus Manufacturing Co. Ltd., a joint venture controlled by Zhejiang
Jinggong Group Co. Ltd. and Suzhou Chuangyuan Group Co. Ltd., . . .
China's Low-Cost Labor May Keep Pricing Pressure On Global
Suppliers.
At a recent auto industry conference in Shanghai, Jack Perkowski,
Chief Executive Officer of ASIMCO Inc., a component maker operating in
China, said the country's low-cost labor supply is putting . . .
Volkswagen Confirms Plans For Moscow Plant.(Brief
Article)
A press reports in Russia said that Volkswagen has confirmed plans
to build an assembly plant in the Moscow region, according to comments
made by Sergei Mitin, Deputy Industry, Science and . . .
Isuzu, Shanghai Auto To Form Truck Venture In China.(Brief
Article)
Japan's Isuzu Motors Ltd. and China's Shanghai
Automotive Industry Corp. agreed in principle to set up a joint-venture
company in China next year for manufacturing big trucks, the major . . .
AAPICO, Siemens VDO In Thai Auto Parts Plant Venture.(Brief
Article)
Malaysian-owned AAPICO Hitech PCL plans a joint investment of
around $11.6 million with Germany's Siemens VDO Ltd. over the next
two years to build an auto parts manufacturing plant in Thailand, . . .
Bridgestone To Open First Fully Automated Tire Producing
System.(Brief Article)
Bridgestone Corp. said it will start operating the world's
first fully automated tire-manufacturing system starting next year to
improve product quality and slash output costs. Bridgestone is . . .
China Authorizes Building Of Honda Auto Factory In China.(Brief
Article)
Honda Motor Co. said it has been cleared to build a $193 million
factory in China -- its second in the emerging consumer auto market of
Asia's most populous country. Honda's new plant will . . .
Spectra Premium To Produce Steel Fuel Tanks For Certain
DaimlerChrysler Model.(Brief Article)
Spectra Premium Industries Inc. said it was awarded another OEM
contract for the manufacture of steel fuel tanks. Spectra Premium, in
partnership with Kautex, a leading manufacturer of fuel . . .
Dana Sells Three Units To Buyout Firm.(Brief Article)
Dana Corp. said that it has completed the sale of several non-core
businesses to The Riverside Co., a leveraged buyout firm. Proceeds from
the sale were approximately $33 million, and the . . .
Auto Parts Companies Sales Force Given More Pricing Authority,
New Study Suggests.(Brief Article)
Some automotive product manufacturers are delegating more pricing
authority to their sales forces as a motivational tool, according to
"2002 Sales Force Compensation and Benefits Practices of . . .
Automotive OEMs Need To Provide Suppliers With More
Complete.(original equipment manufacturers should provide auto parts
supplie
As automakers continue to pressure suppliers for cost reductions,
program managers for both sides should spend more time understanding
each others needs until the programs for the design and . . .
Parts Makers, Vehicle Manufacturers Not Prepared To Meet TREAD
Act Compliance.(Transportation Recall, Enhancement, Accountabilit
According to the results of a recent survey released by West
Coast-based automotive consultancy Syncata Corp., only eight percent of
vehicle and equipment manufacturers are currently ready to . . .
Japan's Automakers, U.S. Tool Makers Exchange
Information.(Japan Automobile Manufacturers Association, Equipment and
Tool Instit
A fifteen member Equipment and Tool Institute (ETI) delegation,
led by John Haralamos, Technical Publication Writer, Robert Bosch Corp.,
met with Honda, Isuzu, Mazda, Mitsubishi, Nissan, Subaru, . . .
Autoliv To Shut Two U.S. Plants In Cost Cutting Effort.(Autoliv
AB closes seat belt, airbag plants)(Brief Article)
Swedish car safety equipment maker Autoliv said it would close two
plants in the United States to save $5 million in 2003 and $20 million
annually starting in 2004. The company, suffering from the . . .
Diesel Autos Expected To Gain In U.S., Bio-Fuel Firm
Predicts.(Green Star Products Inc.)
American Bio-Fuels (ABF), a unit of Green Star Products
Inc.(GSPI), said it is preparing to prove that the "extra
cost" associated with the use of biodiesel can be offset by the use
of other GSPI . . .
Chrysler To Offer Some Diesel SUV And Hybrid Pickup In
2003-04.(Chrysler Corp.)(Brief Article)
Chrysler said it will offer a gasoline-electric hybrid pickup
truck next year and a diesel-powered sport utility vehicle in 2004, in a
bid to test consumers' willingness to pay for better fuel . . .
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