FTC Oks Pennzoil-Quaker State Sale To Shell.(Brief
Article)
Pennzoil-Quaker State Co. said that the U.S. Federal Trade
Commission (FTC) has cleared its acquisition by Shell Oil Co., a
wholly-owned member of the Royal Dutch/Shell Group of Companies.
Shell . . .
Nissan Awards New Business To Visteon.(Brief Article)
Visteon Corp. said it has won new business with Nissan for future
truck platforms being built for consumers in Europe and North America.
Visteon will supply cockpit and climate control systems and . . .
Raytheon and Valeo To Create New Advanced Sensing Venture.(Valeo
Raytheon Systems)(Brief Article)
Valeo and Raytheon have finalized an agreement to create Valeo
Raytheon Systems. The joint venture will develop and market new
automotive systems based on advanced sensing technologies, . . .
New GM-Daewoo Venture To Share Parts With Suzuki.(Brief
Article)
GM-Daewoo Auto & Technology (GMDAT), which is scheduled to be
formally inaugurated in the middle of October will work closely with
GM's Japanese subsidiary Suzuki in parts procurement, according . . .
Delphi Said GM Is First Electric Steering Customer.(Brief
Article)
Delphi Corp. said General Motors is its first U.S. customer for
its electric power steering system, E*Steer.
Delphi said in a statement it is preparing a new facility in Buena
Vista Township, . . .
Goodyear's Tenn. Plant To Lay Off 450.(Brief
Article)
The Goodyear Tire & Rubber Co. plant in Union City, Tenn. will
lay off about 450 workers, or 11.8 percent of its work force because of
the slumping economy, company officials said. "In light of . . .
Valeo Plans New Investment In U.S. Unit.(Brief Article)
French car parts supplier Valeo said it would inject $226 million
into a rescue plan to recapitalize its insolvent U.S. subsidiary. Valeo
said in a statement that Valeo Electrical Systems Inc. . . .
BMW To Invest $400 Million In South Carolina.(Brief
Article)
In 1992, BMW Manufacturing Corp. broke ground on its South
Carolina facility. On its 10-year anniversary of the company's
first U.S. assembly plant, BMW said it will invest an additional . . .
BorgWarner Sets Up Korean Business To Supply Hyundai.(Brief
Article)
In support of its growing business relationship with Hyundai Motor
Co., BorgWarner Morse TEC has established Morse TEC Korea, near Seoul.
The company became a 100 percent-owned BorgWarner . . .
GM, Autovaz In SUV Joint Venture.(Brief Article)
In the largest joint venture yet for Russia's struggling
automobile industry, General Motors and Russia's top automaker,
Avtovaz, unveiled a plant capable of producing 75,000 sport . . .
Delphi Projects European Business To Hit $5.8 Billion This
Year.(Brief Article)(Statistical Data Included)
Delphi Corp. said that it expects its European operations to
record sales of about $5.8 billion this year, boosted in part by the
sale of its diesel fuel systems. During the first six months of . . .
Delphi Captures New Technology Business With BMW.(Brief
Article)
Delphi Corp. has won business on the new BMW Z4 and additional
business on the latest version of the BMW 7-Series. Future growth with
BMW is expected to be strong, building on confirmed business . . .
Delphi Grows Business With Land Rover and Jaguar Contracts.(Brief
Article)
Delphi's expanding customer base now includes Range Rover.
For the new Range Rover, Delphi is supplying its new airstrut module.
The new technology is a key element in the independent air . . .
Nissan Sets U.S. Sales Target Of 1 Million Units By 2005.(Brief
Article)
Nissan Motor Co. is looking to sell close to a million or more
vehicles in the U.S. market by early 2005, up substantially from its
current annual sales of 700,000, the Wall Street Journal . . .
Auto Parts Trade Associations Join Forces In Push For Lower Steel
Tariffs.(Brief Article)
Three automotive industry trade associations said they will work
cooperatively to obtain relief for their members affected by the Bush
Administration's steel safeguard program, seek a closer . . .
Consumers Overwhelmingly Prefer Use Of Factory-Authorized Parts
in Collision Repair.(Brief Article)
Consumers who have had collision repair work completed on their
vehicles overwhelmingly prefer the use of factory-authorized parts by
the body shop, according to the recent J.D. Power and . . .
North American Parts Aftermarket To Reach $53 Billion In 2006,
New Study Predicts.(Brief Article)
The North American aftermarket for light vehicle components and
parts is projected to increase at an annual rate of 3.5 percent,
reaching $53 billion by 2006, according to a new research study . . .
Barriers to E-Business Implementation In Auto Industry
Examined.(Brief Article)
A new research study authored by the Center for Automotive
Research (CAR) at Altarum, and sponsored by SupplySolution, provides a
first-of-its-kind glimpse into the lower tier automotive . . .
J.P. Morgan Upgrades GM And Two Of Its Suppliers.(General Motors,
Delphi Corp. and Gentex Corp. earnings estimates)(Brief
Articl
J.P. Morgan raised its earnings estimates for General Motors,
Delphi Corp. and Gentex Corp. due to a forecasted increase in GM's
North American vehicle production.
In a research report, J.P. . . .
SPX Approves $250 Million Share Repurchase Program.(Brief
Article)
SPX Corp. said that its board of directors has authorized a new
share repurchase program for up to $250 million. The new repurchase
program was initiated in conjunction with a new financing . . .
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