Aisin To Expand Aluminum Automotive Casting In Kentucky.(Aisin
Automotive Casting L.L.C. )(Brief Article)
Aisin Automotive Casting LLC (London, Kentucky), a subsidiary of
Aisin Seiki Co., Ltd. said it is expanding its
aluminum die casting plant located in London, Kentucky. The
company is adding . . .
Annual Automotive R&D Spending Hits $13.5 Billion In
Michigan.(research, development spending data)(Brief Article)
Michigan leads the way in national automotive research and
development, according to a new directory recently distributed by the
Michigan Economic Development Corp. The state is home to 85 percent . . .
China Plans To Set New Policies For Auto Industry.(new policies,
market data for Chinese automobile industry)
China will launch a package of long-awaited new policies for the
automotive industry and market at the end of this year or the beginning
of next year, a senior government official said. The new . . .
Auto Parts Retail Chains Named In Asbestos Suits.(auto parts
companies, retailers, automakers face asbestos-related lawsuits)
A number of auto parts companies have been named or expect to be
named as a defendant in one or more asbestos- related lawsuits involving
the sale of brake parts.
Hundreds of U.S. companies, . . .
Ballard and Millennium Cell Formalize Fuel Cell
Partnership.(Ballard Power Systems)(Brief Article)
Ballard Power Systems and Millennium Cell said they have moved into
a new phase of their business relationship,
with Ballard obtaining a licensing option for Millennium
Cell's Hydrogen on Demand . . .
Energy Secretary Unveils Plan For Hydrogen-Car Systems.(Spencer
Abraham)(Brief Article)
Secretary of Energy Spencer Abraham announced the "National
Hydrogen Energy Roadmap" at the recent Global Forum on Personal
Transportation in Dearborn, MI. This "roadmap" details a plan
for . . .
Magna Reports 20 Percent Sales Growth In Third Quarter.(Magna
International )(Brief Article)
Magna International posted sales of $3.0 billion for the three
months ended September 30, 2002, an increase of 20 percent over the
three months ended September 30, 2001. The higher sales level in . . .
Collins & Aikman Reported Higher Revenue Growth in Third
Quarter.(Brief Article)
Collins & Aikman Corp. said sales for the third quarter were
$922.5 million, with operating income before restructuring charges of
$29.5 million. Comparable sales and operating income for the . . .
Prestolite Electric Said Sales, Income Rises In Third
Quarter.(Brief Article)
Prestolite Electric Inc. and its parent, Prestolite Electric
Holding, Inc., said, third-quarter sales of $43.2 million generated
earnings before interest, taxes, depreciation and certain . . .
American Axle Ups Its Full-Year 2002 Guidance.(American Axle
& Manufacturing Holdings Inc.)(Brief Article)
American Axle & Manufacturing Holdings, Inc. (AAM) said that
it expects earnings results for the full year 2003 to approximate $3.50
per share. Full year 2003 earnings are expected to be over 9 . . .
ArvinMeritor Reports Sharp Jump In Net Income For The Third
Quarter.(Brief Article)
ArvinMeritor, Inc. reported sales of $1.7 billion and net income of
$41 million, or $0.61 per diluted share, for its fourth fiscal quarter
ended Sept. 30, 2002. Sales increased $181 million, or 12 . . .
Honda To Evaluate Shipping Options After Port Shutdown.(Brief
Article)
Honda Motor Co. Ltd. is evaluating its options for the shipment of
vehicles and parts into the U.S. in light of the West Coast dock labor
dispute last month, a spokesman said. "There are several . . .
Chrysler To Consider Offering Extended Warranty In Europe.(Brief
Article)
Chrysler Group said it will concentrate on improving its overall
product quality and reducing its warranty costs in Europe before
expanding its seven-year/ 70,000-mile U.S. warranty program to . . .
Turbocharger Demand For Europe Is High.(Brief Article)
Turbocharger manufacturers see no let up in demand for their
products, particularly in Europe. The insatiable demand for turbocharged
cars can be attributed to the popularity of direct injected . . .
Ford Will Eliminate More Than 200 Contract Engineers As Part Of
New Development Strategy.(Brief Article)
Ford has fired about 230 contract engineers as it reorganizes its
product development operations, the Detroit News reported. The newspaper
said the engineers were employed by Kelley Services, Tag . . .
GM Will Redesign Entire Mid-Size Car Models Within Three
Years.(Brief Article)
General Motors is to revamp its entire mid-size car line over the
next three years, focusing on fewer, yet stronger nameplates, the
company said. "GM is stepping up its efforts in this core . . .
GM Consolidating Tool Operations.(General Motors Corp. is closing
welding tool centers)(Brief Article)
General Motors Corp. said it is closing tool centers in Lansing,
Pontiac and Mansfield, Ohio, as part of an effort to consolidate tooling
operations in Grand Blanc. The move could cost about 200 . . .
Delphi In Alliance With Chinese Steering Wheel Maker.(Delphi
Corp., Zhejiang DaiMay Polyurethane Company Ltd.)(Brief Article)
Delphi Corp. said it recently signed a teaming agreement with
Zhejiang DaiMay Polyurethane Co. Ltd., a Chinese steering wheel
manufacturer. "Delphi's agreement with DaiMay promotes our
mutual . . .
Superior Industries To Expand Capacity To Meet New
Demands.(Superior Industries International Inc. increases aluminum wheel
capa
Superior Industries International, Inc. said that it plans to
expand its current annual manufacturing capacity by approximately 25
percent over the next two years, reflecting further gains in its . . .
Auto Show Attendance Rebounded.(Automotive Aftermarket Industry
Week 2002 )
Show organizers for Automotive Aftermarket Industry Week 2002
(AAIW) announced that total attendance for this year's event may
set new records and was approximately 19 percent higher than . . .
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