Autoparts Report

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Rapid Growth Seen For Stainless Steel Honeycombs In Catalytic Converters.(Brief Article)
The use of stainless steel honeycombs in catalytic converters is on the rise in Germany and could impact the world market, according to a recent survey performed by Eldib Engineering & Research . . .

Delphi Seeks New Business Outside Auto Sector.(Brief Article)
Delphi Automotive Systems Corp. has shortened its name to Delphi Corp. to reflect a new business focus. Delphi will seek to develop business in the aerospace, medical, computer and other high- . . .

Big Three Will Soon Begin Stockpiling Parts In Anticipation Of CAW Strike.(Brief Article)
According to recent reports, Big Three automakers will soon begin stockpiling vehicles and parts made in Canada for fear of strikes during tricky negotiations toward a new contract with Canadia . . .

Ford's China Plant To Begin Production In 2003.(Brief Article)
Ford Motor Co. said its new car plant in southwestern China will begin production of passenger cars at the beginning of next year. Construction of the $98 million venture between Ford and Chon . . .

American Axle Co. to Add 200 Jobs to Three Rivers Plant.(Brief Article)
American Axle & Manufacturing Inc. (AMM) said it will shift some operations from outside the United States to its plant in Three Rivers, Mich., creating about 200 new jobs. The hiring has alread . . .

Senate Votes Against Tougher CAF? Standards.(Brief Article)
The Senate defeated a bill to increase fuel efficiency standards for cars, sports utilities and light trucks by 50 percent over 13 years. Instead, senators backed a measure that would give the . . .

DaimlerChrysler To Share More Parts Among Brands.(Brief Article)
According to a report in the Detroit News, DaimlerChrysler will share more technology plus other parts among its different brands to cut costs. As pollution regulations change, "We will inven . . .

Steel Tariffs Criticized By U.S. Auto Industry, Europeans.(Brief Article)
The stiff tariff increase on imported steel is getting mixed reaction from U.S. industry, with steel users, such as auto and auto parts manufacturers, complaining about the added material costs . . .

SPX's Fourth Quarter Earnings Grow.(Brief Article)(Statistical Data Included)
SPX Corp. said it had $1.3 billion in revenues for the fourth quarter 2001 and earnings per share of $1.58 or $2.04 before unusual items. Fourth quarter 2001 results included $24.4 million in speci . . .

Wescast Earnings Climb 26 Percent In Fourth Quarter.(Wescast Industries Inc.)(Brief Article)(Statistical Data Included)
Wescast Industries Inc. earnings for the fourth quarter 2001 reached $16.5 million, a gain of 26 percent from the $13.1 recorded in the fourth quarter of 2000. Fully diluted earnings per share from . . .

Visteon Declares Dividend.(Brief Article)
Visteon Corp. has declared a quarterly dividend of $0.06 per share on the company's common stock. The dividend is payable on March 15, 2002, to shareholders of record as of March 1, 2002. This is . . .

Dana Earning Dip In Fourth Quarter.(Brief Article)(Statistical Data Included)
Dana Corp. said it had a $298 million loss for the fourth quarter as the auto parts maker continues to implement a restructuring plan that includes the elimination of 11,000 jobs. Dana said it did . . .

R&B Inc. Earnings Rise, Guides Higher For 2002.(Brief Article)
R&B Inc., a maker of hard-to-find replacement parts, fasteners and hardware for the automotive aftermarket, said its fourth-quarter earnings increased from a year ago and affirmed its expectation o . . .

AutoZone Earnings Soar In Second Quarter.(Brief Article)(Statistical Data Included)
Memphis-based AutoZone, Inc., said it had sales of $1.08 billion for its second fiscal quarter (12 weeks) ended February 9, 2002, an increase of 11 percent from $974 million in fiscal 2001. Excludi . . .

Car Ownership In Russia Is Expected Double By 2005.(Brief Article)(Statistical Data Included)
Russia is expected to have 230-250 cars per 1,000 people by the year 2005, compared with about 120 cars in 2001, or only 70 a decade ago, Minister of Transport Sergei Frank said that this forecast . . .

Foreign Tire Producers Building Capacity In China.(Brief Article)(Industry Overview)(Statistical Data Included)
Foreign tire manufacturers are speeding up investment in China, following the rapid expansion of China's automobile market and rising demand for car tires and high-performance tires following China . . .

European Union Finds That Car Prices Car Prices Vary Up To 40% Across Europe.(Brief Article)(Statistical Data Included)
The European Union said auto prices vary by as much as 40 percent across the 15-nation bloc countries. Consumers face high pre-tax prices in Britain, Germany and Austria and get the best deals in S . . .

Mexico And EU To Consider Elimination Of Automobile Tariffs Ahead of Schedule.(European Union)(Brief Article)
Mexico may begin to eliminate all tariffs on automobiles from the European Union beginning in April, which will lead to a reduction in the prices for consumers and will increase competition for loc . . .

Mexico's Auto Parts Exports Decline.(Brief Article)(Statistical Data Included)
Mexico exported 19 percent fewer automobile parts from January to October 2001, compared to the year-ago period, as a result of decreased demand for cars and car parts in the United States, reporte . . .

Sirius Satellite Radio Begins Service In Selected Cities.(Brief Article)
Sirius Satellite Radio, the satellite radio broadcaster, began the first phase of its national service rollout in four metropolitan markets, Denver, Houston, Phoenix and Jackson, Mississippi. Sir . . .

Low Sulfur Diesel Fuel Supply Is Expected To Meet 2006 Demand For New Diesel Engines.(Brief Article)
The nation's supply of highway diesel fuel, under a recently adopted regulation to cap sulfur content at 15 parts per million (ppm), likely will meet passenger and commercial transportation needs i . . .

TRW Awarded Full Braking Contract For New Toyota Corolla.(Brief Article)
TRW Automotive said it won a contract worth about $75 million from Toyota to supply the full foundation brake system for the new UK-built Toyota Corolla. TRW said this contract brings annual sale . . .

Federal-Mogul To Open Technical Center In Japan.(Brief Article)
Federal-Mogul Corp. said that it will establish a technical center in Japan complete with applications engineering, computer-aided design with 24-hour online capabilities between Japan, Europe and . . .

Aftermarket Is Crowded For Constant Velocity Driveaxle, Boot Kit Manufacturers.(Brief Article)
Intense competition is limiting market share and company growth within the constant velocity (CV) driveaxle and boot kit aftermarket despite increased sales generated by the success of sport utilit . . .

Navistar Chairman Urges Auto Industry To Boost Use Of Clean Diesel Engines.(Brief Article)
In a recent address to members of the Economic Club of Detroit, John R. Horne, chairman, president and chief executive officer of Navistar International Corp. said America's automotive industry can . . .

Hyundai Said Alabama And Kentucky Are Finalists For New Assembly Facility.(Brief Article)
Hyundai Motor Co. (HMC) said that it is beginning negotiations immediately in the final phase of its process to select the site for its first automobile assembly plant in the United States. After t . . .

Bridgestone Is Building Distribution Center In Texas.(Brief Article)
Bridgestone/Firestone, a subsidiary of Bridgestone Corp., Tokyo, said it commenced construction in January 2002 on a $50 million grassroot distribution and warehouse center in Texas. The new cente . . .

R. L. Polk & Co. Forms Aftermarket Advisory Board.(Brief Article)
R. L. Polk & Co. said that it has formed an aftermarket advisory board that will advise Polk on its strategic position in the automotive aftermarket sector, reviewing the company's aftermarket prod . . .

SMK Speedy International Unit To Be Sold To Tuffy.(Goldfarb Corp.)(Brief Article)
The Goldfarb Corp. said that its subsidiary, SMK Speedy International Inc. ("Speedy"), has entered into agreements under which a subsidiary of Tuffy Associates Corp. of Toledo, Ohio ("Tuffy") will . . .

DaimlerChrysler To Consider Light Commercial Vehicle Market Entry In North America.(Brief Article)
DaimlerChrysler is giving consideration to an aggressive push into the North American commercial vehicle market spearheaded by a new light commercial vehicle (LCV) assembly operation, according to . . .

Valeo, International Rectifier Form Alliance.(Brief Article)
Valeo and International Rectifier said that they have entered into a long-term strategic alliance to develop advanced power electronics systems for leading-edge automotive applications. Within this . . .

Administration Is Considering Mandating Anti-Lock Brakes.(Brief Article)
The Bush administration has suggested it might require vehicle makers to install antilock brakes (ABS) on all vehicles, the Wall Street Journal (WSJ) said, adding that this is the latest safety rul . . .

Car Makers Seek To Defeat Senate CAFE Measures.(Brief Article)
Automakers, in an all out lobbying effort, are determined to block lawmakers from imposing higher corporate average fuel economy (CAF) standards. Instead, automakers are proposing other measures, i . . .

Women Are Growing Force In DIY Vehicle Service.(Brief Article)
The percentage of females in the do-it-yourself (DIY) automotive aftermarket is growing and now accounts for one- third of all DIY households, according a new market research study. The research, c . . .

Strong Intelligent Automotive Technologies Growth Expected.(Brief Article)
The intelligent automotive technologies industry generated revenues totaling $196 million in 2000, according to new analysis from Frost & Sullivan. Strong growth for park assist, adaptive cruise co . . .

New Innovations Will Drive Global Seating Market.(Brief Article)
The global automotive seating market is worth some $27 billion annually, according to a recent report. The report, published by just-auto.com, states that suppliers are increasingly having to offer . . .

Aftermarket Adds Service Capacity As Car Dealers Trim Service Bays.(Brief Article)
The independent aftermarket has added nearly 200,000 service bays during the past 12 years as car dealers lost about 25 percent of their service bays, according to a new market research report from . . .

DaimlerChrysler Selects Covisint For Supplier Network.(Brief Article)
DaimlerChrysler AG said it has selected Covisint to develop and host the company's new, global portal. This will be the next generation of the company's supplier portal solutions. The portal will p . . .

Dana Initiates Real-Time Quality Tracking System For Suppliers.(Dana Corp.'s Traction Technologies Group)(Brief Article)
Dana Corp.'s Traction Technologies Group said that it has fully implemented its web-based, real-time quality tracking system for advanced measuring of supplier performance. The Supplier Management . . .

Autoliv Sales, Profit Up In 2001.(Brief Article)(Statistical Data Included)
Autoliv, which makes seat belts and airbags, posted full-year earnings before taxes of $182.1 million, down from $291 million in 2000, Sales slipped three percent to $3.99 billion, slightly below . . .

American Axle Fourth-Quarter Sales, Earnings Climb.(Brief Article)(Statistical Data Included)
American Axle & Manufacturing Holdings Inc. said its fourth-quarter earnings rose, benefitting from strong sales to General Motors, its biggest customer, which offset slower demand from other autom . . .

Gentex Said Revenues Increased; Profits Declined.(fourth-quarter report)(Brief Article)(Statistical Data Included)
Gentex Corp., which makes automatic-dimming rearview mirrors, said its fourth-quarter profit slid about 5 percent due to excess manufacturing capacity and price cuts to some of its biggest automoti . . .

Delphi Earnings Drop 73 Percent.(Delphi Automotive Systems Corp.'s 4th quarter report)(Brief Article)(Statistical Data Included)
Delphi Automotive Systems Corp. reported a 73 percent drop in fourth-quarter earnings before one-time items, but forecast higher-than-expected results for the first quarter. Troy, Michigan-based De . . .

ArvinMeritor Loss Increases, After Charges.(fiscal first quarter)(Brief Article)(Statistical Data Included)
Auto parts maker ArvinMeritor Inc. said that its fiscal first-quarter operating earnings fell 16 percent as cost-cutting efforts were offset by slower car and heavy-duty truck production. The Troy, . . .

Modine's Third-Quarter Earnings Fall Sharply.(Modine Manufacturing Co.)(Brief Article)(Statistical Data Included)
Modine Manufacturing Co., a maker of heat exchangers, said its fiscal third-quarter earnings fell because of restructuring charges and weakness in the automotive, truck, electronics and heating mar . . .

Johnson Controls Reports Quarterly Sales/Earnings Increase.(Brief Article)(Statistical Data Included)
Johnson Controls, Inc. reported a sales increase of 8 percent, an increase in operating income of 5 percent, and level diluted earnings per share of $1.27 for the first quarter of fiscal 2002. The . . .

Visteon Has $14 Million Fourth-Quarter Loss.(Brief Article)(Statistical Data Included)
Visteon Corp. reported a $14 million fourth-quarter loss, in the wake of production cuts at Ford Motor Co. The company also predicted that this year's results would be flat, as it aimed to cut cost . . .

BorgWarner Declares Quarterly Dividend.(Brief Article)(Statistical Data Included)
The board of directors of BorgWarner Inc. has declared a quarterly dividend of $0.15 per share on all of the company's issued and outstanding common stock. The dividend is payable February 15, 200 . . .

Eaton's Operating Earnings Fall 37 Percent In Fourth Quarter.(Brief Article)(Statistical Data Included)
Eaton Corp. reported operating earnings per share of 65 cents for the fourth quarter of 2001, 37 percent below comparable results one year earlier. Sales in the quarter were $1.69 billion, 13 perce . . .

Bridgestone, Continental Form Tire Partnership.(each licenses technology to the other)(Brief Article)
Bridgestone Corp. has formed a partnership with Continental, Germany's largest tiremaker, for the development of "run-flat" tire technology. Demand for run-flat tires, which retain their shape and . . .