Autoparts Report

Browse past and current articles from this publication.

Advance Auto Parts Reports Strong Third Quarter 2001 Results.(Brief Article)(Statistical Data Included)
Advance Auto Parts said it had record sales and profits for the third quarter ended October 6, 2001. The results reflect continued strong comparable store sales growth, increases in gross margin, a . . .

Magna Said Earning Increased In 2001.(Brief Article)(Statistical Data Included)
Magna said its sales for the nine months ended September 30, 2001 were $8.2 billion, an increase of 5 percent over the nine months ended September 30, 2000. The sales increase was realized despite . . .

General Motors Says It Will Be Profitable In 2002.(Brief Article)
General Motors Corp. said it expects its North American operations to turn a profit in 2002, but the company will have to cut costs to do it. GM reported a profit of $251 million in the third quart . . .

Toyota Reports Record Earning In First Half.(Brief Article)(Statistical Data Included)
Toyota Motor reported record first-half net profit of 291.1 billion yen ($2.4 billion), up 82.4 percent, as a weaker yen helped group sales to rise 6.4 percent from the same period a year ago. Th . . .

Delphi, STMicroelectronics To Develop New ICs For Automobiles.(Delphi Automotive Systems, integrated circuits)(Brief Article)
Delphi Automotive Systems and STMicroelectronics said they intend to cooperate on the design and development of new smart power IC products for automotive applications. The companies said they sign . . .

Dana Corp. Awarded $600 Million Contract By Light Truck Producer.(Brief Article)
Dana Corp. said that it has won a contract with a "major North American original- equipment manufacturer" to supply torque management systems and "complete structural solutions" for a future pickup . . .

Visteon and Boston Acoustics To Jointly Develop Premium Sound System For Vehicles.(Brief Article)
Visteon Corp. said that it has signed a multi-year joint development agreement with Boston Acoustics to deliver premium audio systems to select vehicle manufacturers. Under terms of the agreement, . . .

Mazda Sees Sharply Lower U.S. Auto Sales In 2002.(Brief Article)
Mazda Motor Corp. , a unit of Ford Motor Co., is echoing prediction by other auto producers and analysts for a sharply lower demand in the U.S. for vehicles in 2002. The company said it expects U.S . . .

Hitachi Automotive To Enter U.S. Starters and Alternators Aftermarket.(Brief Article)
Hitachi Automotive Products (USA), Inc., a subsidiary of Hitachi America, Ltd.,said it will enter the automotive aftermarket with a line of import application rotating electrical products, includin . . .

Dura Automotive To Shed Its Plastic Products Business.(Brief Article)
Dura Automotive Systems, Inc., said it will divest its Plastic Products Business for total proceeds of approximately $41.0 million. The transaction, which is subject to various conditions of closin . . .

Hayes Lemmerz To Close Its Bowling Green Facility.(Brief Article)
Hayes Lemmerz International, Inc. said that it plans to close its manufacturing facility in Bowling Green, Kentucky. The plant currently employs approximately 235 people, including hourly and salar . . .

Timken Acquires European Component Manufacturer.(Lecheres Industries)(Brief Article)
The Timken Co. said that it has acquired Lecheres Industries SAS, the parent company of Bamarec S.A., a precision component manufacturer based in France. Bamarec will operate as part of the Timken . . .

Delphi Executive Chosen To Head OE Suppliers Group.(Alan S. Dawes, Original Equipment Suppliers Association)(Brief Article)
The Original Equipment Suppliers Association (OESA) has named Alan S. Dawes, executive vice president and CFO, Delphi Automotive Systems, to serve as the chairman for the 2001-2002 year. Two vice . . .

Ford To Consider Further Plant Closings, Employment Reductions.(Brief Article)
Ford Motor Co. is considering another round of massive job cuts, and possible plant closings, as part of a restructuring plan to pull the world's second-largest automaker back to profitability, acc . . .

Mazda Will Buy More Engines From Ford.(Brief Article)
Mazda Motor Corp., said it plans to raise its annual engine procurement by 150 percent from its parent, Ford Motor Co., the Nihon Keizai Shimbun daily reported. Mazda, owned 33.3 percent by Ford, w . . .

Delphi Says Its New Technology Achieves 10 to 15 Percent Fuel Savings on Light Trucks.(Delphi Automotive Systems' integrated sta
In a technical paper delivered Nov. 14, 2001 at the SAE Truck & Bus Show in Chicago, Delphi said its Delphi's 42-Volt Energen-10 integrated starter-generator (ISG) has demonstrated significant fuel . . .

Honda Begins Production Of Odyssey Minivans, And V-6 engines In Alabama.(Brief Article)
Honda Manufacturing of Alabama (HMA) said it began mass production of Honda's benchmark Odyssey minivan and the V-6 engine that powers it -- approximately six months ahead of the original vehicle l . . .

Zero Interest Rate On New Cars Loans Boost October Sales By 24.4 Percent.(Brief Article)(Statistical Data Included)
Interest-free financing deals encouraged a record number of Americans to purchase new cars and trucks in October, despite the ongoing economic slowdown. Car and light truck sales rose 24.4 percent c . . .

Auto Parts Sector Outperform Other Sectors In Environmental Performance.(Brief Article)
Top environmental performers in Innovest's annual investment research report on the Global auto parts sector posted accumulated returns over 48.8 percent higher than environmental laggards over a 3 . . .

Visteon President Sees Further Supplier Consolidation Because Of Slower Economy.(Michael Johnston)(Brief Article)
Suppliers rushing to globalize must resist the temptation to stray from their core automotive business or risk being swept away in a slowing economy, an executive of Visteon Corp. said. Michael J . . .

Hyundai Said It Will Build Car Assembly Plant In U.S.(Brief Article)
Hyundai Motor Co., said it is preparing to build a car assembly plant in the United. Hyundai Chairman Chung Mong-koo officially confirmed plans for the company's first U.S. plant while meeting form . . .

Visteon Reduces Payment To Contract Labor Firms By 7 Percent.(Brief Article)
Auto parts maker Visteon Corp., following the lead of former corporate parent Ford Motor Co., said it was cutting payments to its contract labor firms by 7 percent. The move was announced by Visteo . . .

More Auto Suppliers Are Refusing Price Concessions To OEMs.(Illustration)(Statistical Data Included)
After a decade of facing price cut demands by automakers, many suppliers are refusing to accept further cuts, according to a recent survey by IRN, Inc., an automotive forecasting and consulting fir . . .

UBS Warburg Study Predicts New Role for U.S. Telematics Aggregators.(Brief Article)
The role of U.S. telematics aggregators appears to be changing according to a new study by UBS Warburg, a leading global financial services firm. According to the report, today's stand-alone telema . . .

Wind River, Sun Will Jointly Develop Software For Automotive Telematics Market.(Brief Article)
Wind River Systems, Inc. and Sun Microsystems, Inc. said that the two companies are collaborating to jointly develop and market a complete end-to-end embedded development solution for Java technol . . .

GM, ChevronTexaco Agree To Develop Gas Fuel Cells.(Brief Article)
General Motors Corp. and ChevronTexaco Corp. said that they had formed a pact to speed the pace of introducing gasoline fuel cells in cars, a technology that cuts emissions of greenhouse gas carbon . . .

Nissan Said It Will Have Fuel Cell Technology By 2005.(Brief Article)
Nissan Motor Co. said it expected to have obtained the technology for fuel cell vehicle production by 2005. Nissan, in the midst of a dramatic restructuring, has lagged in the development of fuel c . . .

PSA, Toyota Consider Polish Sites For Joint Venture.(Brief Article)
PSA Peugeot Citroen and Japanese counterpart Toyota are studying three sites in Poland to set up their joint-factory to produce 300,000 small cars per year, according to Polish economy minister Edw . . .

China's Action On Trade Will Hurt Japanese Automakers.(Brief Article)(Statistical Data Included)
Japan's automakers may lose 420 billion yen ($3.47 billion) in export sales next year if China keeps punitive tariffs on Japanese cars, an industry association warned. Sales of Japanese cars to Chi . . .

Ford Opens New Industrial Complex in Brazil.(Brief Article)
The Brazilian subsidiary of Ford opened its new industrial complex in Camacari, in the north-eastern state of Bahia. The new unit will have the capacity to produce one vehicle every 80 seconds. In . . .

Mexico To Get Toyota Parts Plant.(Brief Article)
Toyota Motor Corp. plans to build a vehicle parts plant in Mexico as its first manufacturing facility in that country, a Japanese newspaper reported. The plant will start production as early as 200 . . .

PSA Will Produce Citron C3 In Brazil.(Brief Article)
PSA Group president Jean-Martin Folz said that the company will produce the Citron C3 in Brazil. PSA will start to produce the model at the end of 2002 in the Porto Real plant, in Rio de Janeiro st . . .

Mexican Automotive Maquiladoras Hit Hard By Slowing U.S. Economy.(Brief Article)
Mexico's maquiladora, or assembly, industry is reeling from an economic double blow that has caused the sector to shrink for the first time in more than a decade, industry experts said. Hit by a sl . . .

Japan's Auto Output Tumbles In 1st Half of FY 2001.(Brief Article)(Statistical Data Included)
Auto production in Japan in the first half of fiscal 2001 fell 2.8 percent over the same period last year to 4,765,411 units, the Japan Automobile Manufactures Association (JAMA) said. The output i . . .

Honda's Operations In Spain To Source More European-Made Parts.(Montesa Honda)(Brief Article)
Montesa Honda, the Spanish subsidiary of Honda, which assembles several models at its Barcelona plant, has drawn up a plan to increase the value of its European parts purchases by 70 percent, the c . . .

BMW Considering Plans For Production In China.(Brief Article)
BMW AG said it is planning to open production plants in China. The company is rumored to be considering a joint venture with Brilliance China Automotive Holdings to set up the initiative. It is exp . . .

Opel Looking To Increase Outsourcing Of Stampings.(possible partnerships with ThyssenKrupp Automotive AG, Magna Steyr)(Brief Art
German carmaker Adam Opel said that it was looking at all options for the structuring of a possible partnership with ThyssenKrupp Automotive AG and, or Magna Steyr in stamping and components activi . . .

GM, AutoVAZ To Get EBRD Investment For Joint Venture.(European Bank for Reconstruction and Development )(Brief Article)
The European Bank for Reconstruction and Development will soon invest $40 million in a joint venture between Russia's AvtoVAZ automaker and General Motors, a GM official said. "We are to complete t . . .

Isuzu May Supply Toyota's North American Operations With Diesel Engines.(Brief Article)
Isuzu Motors Ltd. is negotiating a deal to provide diesel engines to vehicles made in North America by Toyota Motor Corp., Kyodo news agency said, citing industry sources. In what would be the fir . . .

ASC & Inalfa Sign Merger Agreement.(Brief Article)
ASC Inc. and Inalfa said they have signed a letter of intent to merge their aftermarket operations. The new organization will be finalized and operational early in 2002, creating the second largest . . .

Delphi Automotive Systems Acquires ATRi.(Automotive Technical Resources Inc.)(Brief Article)
Citing rapid growth of high-technology electronic vehicle systems, expanded data storage in automobiles and strong service technician acceptance of new handheld devices for data acquisition for veh . . .

Delphi Expands Production In Asia.(Brief Article)
Delphi Automotive Systems said it will expand manufacturing capability in Asia. Two new plants in Australia and Thailand will produce a number of new products for Delphi's customers in the region. . . .

Delphi Wins New Asian Cam Phasing Business.(Brief Article)
Delphi Automotive Systems said that it recently won business with a major Asia Pacific vehicle manufacturer. Delphi will supply Continuously Variable Cam Phasing (CVCP) for future vehicles. The con . . .

Intermet Says It Will Close Aluminum Casting Plant.(Brief Article)
Intermet Corp. said that it plans to close its Alexander City, Alabama, lost-foam aluminum plant in mid-December 2001. "We are disappointed to be taking this action, especially since the plant has . . .

American Axle Wins New Chrysler Group Driveshaft Contract.(Brief Article)
American Axle & Manufacturing (AAM) said that it has been selected as the supplier of front and rear driveshafts for the all-new, heavy duty Dodge Ram full-size pick-up truck program. This will be . . .

Ford Cancels Plan For SUV Starter-Generator System.(Brief Article)
Ford Motor Co. said it has halted an effort to use a starter-generator system to make a more fuel-efficient version of its Explorer SUV. Ford engineers and suppliers familiar with the program, sai . . .

Toyota $800 Million Expansion In Indiana Nears Completion.(Brief Article)
Toyota said it is nearing completion of an $800 million expansion at its Princeton, Indiana assembly plant. Located on 1,160 acres, the original plant was built in 1998 and is the sole manufacturer . . .

Nasser Is Replaced At Ford; Company Faces Restructuring.(William Clay Ford Jr. to replace Jacques Nasser)(Brief Article)
Ford's CEO, Jack Nasser, has been ousted amid several events that hurt the company's bottom line. The company was hit hard by the Firestone tire crisis, a rash of embarrassing product quality glitc . . .

American Axle Earnings Up In Third Quarter.(Brief Article)(Statistical Data Included)
American Axle & Manufacturing Holdings Inc. reported better-than-expected earnings as its biggest customer, General Motors Corp., boosted light-truck production. The Detroit-based company said thi . . .

Tenneco Automotive Reports Third Quarter Loss.(Brief Article)(Statistical Data Included)
Tenneco Automotive Inc. said it had a net loss of $2 million, or 6 cents a share in the third quarter, compared with year-earlier net income of $5 million, or 15 cents. Revenues declined to $817 m . . .