Autoparts Report

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American Transport System Corp. Enters Deal With Philippines Bus Producer.(Brief Article)
Francisco Motor Corp., a wholly-owned Filipino motor vehicle assembler, has signed a three-year, $152 million contract with Illinois-based American Transport System Corp. (ATSC) for the production . . .

Honda Pull Ahead Of Nissan To Becomes 2nd Largest Car Producer in Japan.(Brief Article)
Honda Motor overtook Nissan Motor in domestic car production volume last year to pull into second place among Japan's automakers, thanks to strong demand for the Fit subcompact and the Stream and S . . .

Toyota Auto Parts Sales In Australia Set New Record In 2001.(Brief Article)(Statistical Data Included)
Sales of parts and accessories rose to a record $260.1 million in 2001, Toyota Australia said. Toyota said the result compared to sales of $252.4 million in 2000. Exports of parts and accessories w . . .

Mitsubishi Motors Will Enter Canadian Market.(Brief Article)
Mitsubishi Motors Corp. said it will enter the Canadian market this Fall to strengthen its North American presence. It would market vehicles exported from plants in Japan, the U.S. and Australia, a . . .

Japan's Automakers' Purchases Of U.S. Made Parts Decline.(Brief Article)(Statistical Data Included)
Japan's automakers' purchases of U.S.-made auto parts declined for the first time since such records were tracked. U.S. autoparts suppliers sold $16.8 billion worth of automotive components to Japa . . .

Benteler In Chinese Joint Venture To Make Chassis Components.(Shanghai Huizhong Automotive, Benteler Automotive form Shanghai Be
The Shanghai Huizhong Automotive Co. Ltd. and Benteler Automotive of Germany, said they plan to create a new joint venture company called Shanghai Benteler Huizhong Co. Ltd., which will be located . . .

Ford Plans To Sell Kwik-Fit Business.(Brief Article)
Ford Motor Co., which will undertake a major restructuring, said that it was evaluating the sale of all or part of its Kwik-Fit auto repair business in Britain as part of planned divestitures of no . . .

Ford's Tire Buyback Program Will End Soon.(Brief Article)
Ford Motor Co. will end its $3 billion program to buy back Firestone tires at the end of March, the automaker's chief financial officer said. Martin Inglis said Ford has replaced roughly 9.5 millio . . .

Eaton Awarded $150 Million Supply Contract By BMW.(fluid hose assemblies)(Brief Article)
Eaton Corp. said it has been selected by BMW to provide Aeroquip-brand fluid hose assemblies for two major automobile production models. Eaton said it expects total revenues to exceed $150 million . . .

Covisint Will locate Its World Headquarters In Southfield, Mich.(Brief Article)
Covisint said it will locate its corporate world headquarters in Southfield, Michigan. The company chose Southfield, contingent upon the successful conclusion of negotiations with its proposed new . . .

Aftermarket Wholesalers/Retailers See Net Sales Increase By In 8.6 Percent In 2001.(Brief Article)(Statistical Data Included)
Despite the economic downturn in the U.S. economy last year, several companies in the auto aftermarket continued to experience growing sales, according to a new report. Net sales for the surveyed a . . .

Textron Sells Majority Interest in Automotive Wire Processing Joint Venture.(Brief Article)
Textron Inc. said that it has sold the 60 percent stake Textron Fastening Systems held in its Grand Blanc Processing, LLC wire processing joint venture in Holly, Mich., to its partner, Shinsho Amer . . .

Delphi Gets More Ford Audio Business.(Delphi Automotive Systems )(Brief Article)
Delphi Automotive Systems said that it has increased audio business with Ford. Delphi attributed the increase to demand for its audio and mobile multimedia products as well as more aggressively see . . .

General Motors Sells Its Position In New Venture Gear To DaimlerChrysler.(Brief Article)(Statistical Data Included)
DaimlerChrysler Corp. and General Motors Corp. said they plan an ownership restructuring of New Venture Gear (NVG), the powertrain joint venture formed by the two companies in 1990. Under the plan, . . .

New Paint Technologies Help Boost Plastic Usage In Exterior Automotive Parts.(Brief Article)
The increased use of plastics in external vehicle parts is made possible , in part, because of four emerging paint-free technologies, according to a new study. Mold-in-color is one of the new paint . . .

Japan Considering WTO Complaint Over U.S. Sheet Steel Tariffs.(World Trade Organization)(Brief Article)
Japan may file a complaint with the World Trade Organization over U.S. antidumping measures that target imports of surface-treated sheet steel, which is used in the auto industry, Japanese governme . . .

NHTSA Seeks Comments On CAF? Light Truck Standard For MY2004.(Corporate Average Fuel Economy (CAF) standards from the National H
The U.S. Department of Transportation's National Highway Traffic Safety Administration (NHTSA) issued a notice of proposed rulemaking for Model Year 2004 light truck Corporate Average Fuel Economy . . .

Rebuilt Engine And Transmission Sales To See Sustained Growth.(Statistical Data Included)
The rebuilt transmission and engine aftermarket industry generated revenues close to $4 billion in 2000 and is projected to reach more than $5 billion by 2007, according to a new study. The study f . . .

Peugeot, Toyota Will Jointly Produce Small Cars In The Czech Republic.(Brief Article)
Peugeot Citroen and Toyota Motor Corp. said that they have selected the Czech Republic as the site for a plant to jointly produce small cars for the European market. The automakers, which announce . . .

Aftermarket Technology Corp. Files For Primary And Secondary Stock Offerings.(Brief Article)
Aftermarket Technology Group, which remanufactures auto engines filed a registration statement with the Securities and Exchange Commission for a proposed public offering totaling 6,000,000 shares o . . .

Ford's Internet Vehicle Purchasing System Completes Nationwide Roll-out.(Brief Article)
FordDirect, the online joint venture created by Ford Division dealers and Ford Motor Co., completed its its nationwide roll-out, and customers in all 50 states may now shop for cars and trucks dire . . .

Many Michigan Auto Suppliers Not Equipped for E-Commerce.(Brief Article)
The Michigan Economic Development Corp. (MEDC) that a lack of high-speed telecommunications access is becoming a major hurdle to Michigan's important automotive supply industry, citing a study by t . . .

Internet Venture Dropped By GM.(General Motors Corp.)(Brief Article)
General Motors Corp. has cancelled plans for a joint venture with its dealers to boost car sales over the Internet, saying the business simply was not viable. GM had said in February that it was s . . .

ITS America To Issue Aggressive Plan For Transportation Action.(Intelligent Transportation Society of America (ITS))(Brief Artic
The Intelligent Transportation Society of America (ITS), in cooperation with the U.S. Department of Transportation will soon release a document designed to highlight the country's vast intelligent . . .

Telematics Growth Seen In Commercial Fleet Management.(Brief Article)
The next five years will bring increased penetration of telematics systems in the commercial vehicles sector built around fleet management, and 'tracking and tracing' applications, according to a n . . .

Internet Roundtables to Address Critical Issues in Automotive Retailing Business.(Brief Article)
The Reynolds and Reynolds Co. said that it is offering automotive retailers and car company management the opportunity to participate in a two-part Internet roundtable to discuss critical issues in . . .

Continental Teves Supplies Complete Brake System For Lincoln Navigator/Ford Expedition.(Brief Article)
Continental Teves, a unit of Continental AG, said that it is the complete brake system integrator and supplier for the 2003 Lincoln Navigator sport utility vehicle and for the 2003 Ford Expedition . . .

AutoZone Gets New CFO.(Brief Article)
AutoZone, Inc., the nation's largest auto parts retailer, announced that Michael G. Archbold, 41, will join the company as senior vice president and chief financial officer effective February 4, 2 . . .

Keystone Automotive Acquires Wheel Cover Business In Florida.(Brief Article)
Keystone Automotive Industries, Inc. said that it has acquired substantially all of the assets of I.W.C. International Inc., a distributor of aftermarket wheel covers based in Tampa, Florida. I.W.C . . .

Toyota To Produce Pickup Beds At New Plant In Tijuana.(Brief Article)
Toyota will open a new manufacturing plant in Mexico at a 700 acre site outside of Tijuana in Baja California, the company said. The plant will make and truck beds for Tacoma pickup trucks, which . . .

Titanium Producer To Set Up Unit To Serve Increased Demand For Use In Autos.(Brief Article)
Titanium Metals Corp. said it formed a division specifically to serve the automotive industry and its growing requirements for titanium. The new division, named TiMET Automotive, is headquartered a . . .

Delphi To Supply XM Radio Receivers For Selected GM Vehicles.(Delphi Automotive Systems Corp.)(General Motors Corp.)(Brief Artic
Delphi Automotive Systems said that it is the first OEM manufacturer to install satellite-capable radios for an original equipment customer. Delphi satellite based receivers for XM Satellite Radio . . .

Dana Corp. To Supply 4wd System 2002 For Ford Escape In Taiwan.(Brief Article)
Dana Corp. said that its ROC Spicer Group in Taiwan has been selected by Ford Taiwan as a supplier for the four-wheel-drive system for the model year 2002 Escape. The vehicle will be built and mark . . .

Dana Corporation's Driveshaft Products Group Changes Name To Torque Management Group.(Brief Article)
Dana Corp. said the name of its Driveshaft Products Group, a part of its Automotive Systems strategic business unit, has been changed to the Torque Management Group. Bill Carroll, president of the . . .

Goodyear To Sharply Boost Tire Output Capacity In China.(Goodyear Tire and Rubber Co.)(Brief Article)(Statistical Data Included)
Goodyear Tire & Rubber Co. said that it will make a significant investment in its tire operations in China to enhance its leadership position in the country's rapidly growing high-performance consu . . .

Collins & Aikman Completes Acquisition of Trim Division of Textron Automotive.(Collins and Aikman Corp.)(Brief Article)
Collins & Aikman Corp. said that it has completed its acquisition of Textron Automotive Company's Trim Division (TAC-Trim), a leading supplier of fully integrated automotive interiors and a major a . . .

GM Asks Government To Mandate Daytime Lights.(General Motors Corp.)(Brief Article)
General Motors Asked the U.S. government to mandate daytime running lights on all vehicles as an improvement in safety. Daytime running lights are nothing more than normal headlights run at lower . . .

Tower Automotive Said It Will Restructure.(Tower Automotive Inc.)(Brief Article)
Tower Automotive Inc. said it will take a $289 million restructuring charge in the current quarter and cut 215 jobs in the United States and Canada in 2002. The company expects that the cash charge . . .

Canada To Investigate Dumping Charges Against Chinese Automotive Replacement Glass Windshields.(Brief Article)
PPG Canada Inc. said the Canada Customs and Revenue Agency (CCRA) will initiate a dumping investigation of automotive replacement glass (ARG) windshields from the People's Republic of China. "The G . . .

Titan Hopes To Expand Tire Recycling Business In U.S.(Titan Technologies Inc.)(Brief Article)
Titan Technologies, Inc. said it is planning to expand his recycling operations into the United States. The company said its executives held meetings in the U.S. with several groups of potential bu . . .

Japanese Spring Producer Plans U.S. Expansion.(Chuo Spring Company Ltd.)(Brief Article)
Chuo Spring, a Japanese-based producer of springs, said it is expanding U.S. precision spring production with a sales target of $4.2 million for 2002. A 100 percent-owned U.S. subsidiary, CPG, was . . .

Vehicles Post Second Best Sales Year Ever; Trucks Outsell Passenger Cars For First Time.(in 2001)(Brief Article)(Statistical Dat
For the first time ever, sales of trucks topped passenger cars according to 2001 sales figures. About 300,000 more trucks -- including sport utility vehicles -- were sold than passenger cars last y . . .

Visteon Says Ford's Price Cut Request Is Excessive.(Visteon Corp. challenges Ford Motor Co.)(Brief Article)
Visteon Corp. said that it was contesting a request from former parent Ford Motor Co. for price cuts on parts it supplied in 2001, saying the cuts would exceed its reserves. Visteon said its supp . . .

New Survey Of Auto Execs: Continued Market Share Decline for North American OEMs Over Next Five Years.(original equipment manufa
The trends toward greater North American market penetration by foreign brands will continue according to new research study. In the new study, published by KPMG LLP, the professional services fir . . .

GM Becomes First Foreign Automaker To Join JAMA.(General Motors Corp. joins Japan Automobile Manufacturers Association)(Brief Ar
General Motors Corp. became the first foreign company to join the Japan Automobile Manufacturers Association (JAMA). The association currently comprises 11 major automakers, including Toyota, and H . . .

Dana Unit Developed Real-Time Quality Tracking System For Suppliers.
Dana Corp. Traction Technologies Group said that it has developed a web-based portal solution that provides real-time global measurements for tracking quality initiatives. The system provides dir . . .

eAutoclaims Successfully Demonstrates Open Electronic Transaction Standards for the Automotive Collision Industry.
eAutoclaims, a company that provides the insurance industry with online claims management solutions through both an ASP and outsourcing solutions services, said it completed the first real world ex . . .

IMPCO Second Quarter Fiscal 2002 Loss Widens.
IMPCO Technologies, Inc. reported a net loss of $8.7 million or 83 cents per share on revenues of $24.1 million for its fiscal second quarter ended October 31, 2001. This compared to a net loss of . . .

Valeo's U.S. Unit Files Chapter 11.
Valeo said that Valeo Electrical Systems, Inc. (VESI) has filed for voluntary reorganization under Chapter 11 of the U.S. Bankruptcy Code. The Chapter 11 filing is limited to the operations of VESI . . .

Hayes Lemmerz Files For Chapter 11 Protection.
Hayes Lemmerz International, Inc., filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code, to reduce their debt and strengthen their competitive position. The company has received co . . .