Planet Salvage To Supply Procurement Solution To ABRA Auto Body
& Glass.(Brief Article)
Planet Salvage, an online marketplace for the automotive recycled
parts and salvage vehicle industries, said that it has signed a one-year
contract with ABRA Auto Body & Glass to provide . . .
Copart Expands Salvage Operations With Latest Acquisition.(Brief
Article)
Copart, Inc. said that its Motors Auction Group (MAG) unit has
acquired Richmond Auto Auction of Virginia, Inc., of Richmond, Virginia.
The acquisition expands Copart's national network of . . .
Delphi Awarded $2.5 Billion Diesel Common Rail Contract To Supply
Renault.(Brief Article)
Delphi Corp. has won a contract with an estimated lifetime value
exceeding $2.5 billion to supply advanced common rail diesel injection
systems to Renault. The contract is an extension of the . . .
Ford Freed From Customs Duties On Car Parts In Russia.(Brief
Article)
Ford Motor Co. said it reached an agreement with Russian customs
officials that allows the automaker duty-free entry for imported parts
for Focus cars assembled in Russia. Imported parts make up . . .
SmarTire To Supply Pirelli With Tire Monitoring Systems.(Brief
Article)
SmarTire Systems and Pirelli Pneumatici have signed a supply
agreement for tire monitoring systems that measure pressure and
temperature of car, truck and motorcycle tires. Produced by SmarTire . . .
Ford, GM To Co-Develop 6-Speed Transmissions.
General Motors Corp. and Ford Motor Co., said they will team up in
a unique partnership to develop a new six-speed automatic transmission.
The two companies said the high-volume, front-wheel-drive . . .
Rockwell Automation Selected By Ford For Stamping Press
Upgrade.(Brief Article)
Rockwell Automation, Inc. said Ford Motor Co. selected
Rockwell's Global Manufacturing Solutions unit to completely
upgrade two stamping press lines and various automation systems at
Ford's Walton . . .
U.S. Automotive Pension Gap Pegged At $30 Billion.
The pension funding gap for U.S. workers in the automotive sector
will increase from $13.9 billion in 2001 to in excess of $30 billion by
the end of fiscal year 2002, according to a new Fitch . . .
DaimlerChrysler Canada, Union Avert Strike With Tentative
Collective Agreement.(Brief Article)
DaimlerChrysler Canada and the Canadian Auto Workers' (CAW)
union agreed on a tentative contract that commits the auto company to
bring new investment to the Windsor, Canada area. There are . . .
West Coast Port Shutdown Slowed Auto/Autoparts
Production.
Operations at many of the nation's vehicle assembly and auto
parts plants are slowly returning to normal after a federal judge
ordered an injunction under the 1947 Taft-Hartley Act to end lockout . . .
Profits Soaring For China's Auto Producers.(Brief
Article)(Statistical Data Included)
Profits from China's major automakers are rising with the
help of robust domestic sales due to strong demand. According to
statistics from the State Economic and Trade Commission (SETC), . . .
Continental Forms Tire Joint Venture In Russia.(Brief
Article)
German tire-maker Continental AG and Russia's Moscow Tire
Plant created a joint venture, daily newspaper Kommersant reported. The
venture will start producing 1.5 million tires a year from the . . .
Peugeot's China Joint Venture To Produce 100,000 Cars In
2003.(Brief Article)(Statistical Data Included)
Dongfeng Citroen Automobile Co., a Sino-French joint venture, has
set a sales target of 100,000 units for next year. Bosses at the company
set up by Dongfeng Motor Corp and French carmaker PSA . . .
New European Assembly Plant Considered By Toyota.(Brief
Article)
Toyota Motor Corp. is considering building another assembly plant
in Europe after increasing sales faster than expected, The Financial
Times reported. "We are studying whether we need . . .
AutoZone's Fourth Quarter Profits, Revenues Soar.(Brief
Article)(Statistical Data Included)
AutoZone, Inc. reported fourth quarter earnings per share of
$1.73, a 62 percent increase from earnings per share of $1.07 before
restructuring and impairment charges in the fourth quarter of . . .
ArvinMeritor Confirms Earnings Decline In 4th Quarter.(Brief
Article)
ArvinMeritor Inc. reaffirmed its fourth-quarter and 2002 earnings
guidance, despite some weakening of the European vehicle sales. The
company, based in Troy, Michigan, said that it expects . . .
A.O. Smith Said Third Quarter Earnings To Exceed Wall Street
Expectations.(Brief Article)
Due to the success of its on-going cost reduction initiatives,
A.O. Smith Corp. said it expected third quarter 2002 earnings to range
between $.32 and $.34 per share, compared with the . . .
Midas' Shares Plunge After Firm Lowers Guidance.(Brief
Article)
Midas Inc. said its chief executive has quit and that the company
is also experiencing higher medical claims, severance expenses and
declining sales in its wholesale parts distribution business. . . .
IMPCO Reports Net Fiscal First Quarter Loss.(Brief
Article)(Statistical Data Included)
IMPCO Technologies, Inc. said it recorded a net loss for its 2003
fiscal first quarter ended July 31, 2002, including its now spun off
Quantum Technologies subsidiary, of $2.8 million or 20 cents . . .
Canadian Firm Will Not Disclose Plans for Norfolk, Va.-Area Car
Parts Maker.(Brief Article)
The prospective buyer of one of Hampton Roads' largest makers
of auto parts says the plant would fit well in its portfolio, but will
not disclose specific plans for the facility. Decoma . . .
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