Autoparts Report

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Donnelly Corp.'s Third Quarter Loss Widens.(Brief Article)(Statistical Data Included)
Donnelly Corp. posted a wider third-quarter loss, hurt by a restructuring charge and an auto industry slowdown that was worsened by the Sept. 11 attacks. Detroit-based Donnelly posted a net loss of . . .

Visteon Declares Fourth Quarter Dividend.(Brief Article)
Visteon Corp. declared a quarterly dividend of $0.06 per share on the company's common stock. The dividend is payable on December 3, 2001, to shareholders of record as of November 2, 2001. This is . . .

BorgWarner's Profit Fall In Third Quarter.(Brief Article)(Statistical Data Included)
BorgWarner Inc. said that earnings dropped 26 percent in its third-quarter. Chicago-based BorgWarner, which makes automotive powertrains and other components, posted a profit of $18.4 million, or 7 . . .

Lear Reports Lower Third-Quarter Results.(Brief Article)(Statistical Data Included)
For the third quarter, Lear posted net sales of $3.1 billion, operating income of $137.5 million and net income of $15.7 million, or $0.24 per share. Excluding non-recurring items, Lear said it had . . .

Johnson Controls Report Record Sales.(Brief Article)(Statistical Data Included)
Johnson Controls, Inc. said it achieved record sales and net income for its year ended September 30, 2001. Fiscal 2001 was the company's 55th consecutive year of sales increases, its 11th straight . . .

Strong Aftermarket Helps Offset OE Decline For Delco Remy In Third Quarter.(original equipment)(Brief Article)
Delco Remy Int'l, Inc., a manufacturer and remanufacturer of automotive electrical and drivetrain/powertrain products, said its third quarter net sales were $271.1 million, up $3.5 million, or 1.3 . . .

O'Reilly Automotive Reports Record Revenues and Earnings.(Brief Article)(Statistical Data Included)
O'Reilly Automotive, Inc. said it has record revenues and earnings for the third quarter of 2001, representing 32 quarters of record revenues and earnings for O'Reilly since becoming a public compa . . .

Aftermarket Technology Third Quarter Earnings.(Brief Article)(Statistical Data Included)
Aftermarket Technology Corp., said total revenue from continuing operations increased by $11.8 million to $100.4 million in the third quarter of 2001 versus $88.6 million in the prior year's third . . .

AutoZone Expects Solid Third Quarter Growth.(Brief Article)
AutoZone, Inc. said that quarter-to-date same store sales growth was in the 7 percent -8 percent range. AutoZone's first fiscal quarter ends on November 17, 2001. AutoZone has also continued to ex . . .

Latest Results From Parts Makers Affected By Industry Slowdown.(Brief Article)
Another group of auto suppliers reported their financial results recently with those serving the OE segment stating that their numbers were impacted by slowing production of automakers. These compa . . .

BorgWarner Expects $1.1 Billion In New Powertrain Business.(Brief Article)
Autoparts maker BorgWarner Inc. said that it expects to add $1.1 billion of new powertrain business from 2002 through 2004. The company, speaking at the 25th annual Automotive Symposium, sponsored . . .

GM, Hydrogenics To Jointly Develop Fuel Cells.(Brief Article)(Statistical Data Included)
General Motors Corp. said it will boost its stake in fuel cell developer Hydrogenics Corp. as part of an alliance to hasten the development of vehicles and other products powered by fuel cells. The . . .

Johnson Controls Says 2001 Outlook To Meet Expectations.(Brief Article)(Statistical Data Included)
Johnson Controls Inc. said it expects 2001 earnings to slightly exceed last year's $5.09 per share, and said 2002 earnings "can approach" the same level despite economic uncertainties. Wall Street . . .

Delphi Sees Sharp Drop In Earnings.(Delphi Automotive Systems)(Brief Article)(Statistical Data Included)
Delphi Automotive Systems met third-quarter profit targets but warned its earnings next quarter will fall short of Wall Street expectations. Delphi said the third quarter was "challenging" because . . .

Ford Lowers Dividends In Fourth Quarter.(Brief Article)
Ford Motor Co. declared a fourth-quarter dividend of 15 cents a share on the company's Class B and common stock. This represents a 50 percent decrease from the 30 cents per share paid in the third . . .

Intermet Reports Third-Quarter Loss.(Brief Article)(Statistical Data Included)
Intermet Corp. said its third-quarter sales totaled $198 million, a decrease of $42 million compared with the same period last year. The company reported a third-quarter net loss of $2.7 million, o . . .

Standard & Poor's Downgrades Credit Ratings Of GM and Ford.(Brief Article)
Standard & Poor's lowered the credit ratings for General Motors Corp. and Ford Motor Co. The corporate credit rating for each company was lowered from "A" to "BBB+." Both companies were placed on i . . .

Eaton Reports Drop In Third Quarter 2001.(Brief Article)(Statistical Data Included)
Eaton Corp. said it earned 66 cents per share for the third quarter of 2001, 38 percent below comparable results one year earlier. Sales in the quarter were $1.75 billion, 13 percent below last yea . . .

Advance Auto Parts Reports Preliminary Operating Results.(Brief Article)
Advance Auto Parts said sales for the eight weeks ended September 8, 2001 increased 9.5 percent to $406.7 million from $371.3 million reported last year. Retail sales rose approximately 11.0 percen . . .

Hydroforming Finding New Uses In The Automotive Industry.(Brief Article)
Hydroforming, a process that has been used in the metals industry for several decades, has caught the attention of the automotive industry and is quickly revolutionizing the way chassis and suspens . . .

Ford, EPA To Cooperate On Hydraulic Hybrid Technology.(Brief Article)
Ford Motor Co. and the Environmental Protection Agency are joining in a decade-long project to develop a high-mileage hybrid vehicle, probably an SUV, that runs off hydraulic fluid, officials said. . . .

Johnson Controls To Supply Tire Pressure Monitoring System To Chrysler Group Vehicles.(Brief Article)
Beginning in model-year 2002 Johnson Controls, Inc. will provide the Chrysler Group with its PSI - Pressure Sensing Information tire pressure monitoring system. The system will be available in the . . .

Delphi To Supply GM With New Passive Occupant Detection System.(General Motors Corp.)(Brief Article)
Delphi Automotive Systems said it has been awarded a contract with General Motors Corp. for its advanced passive occupant detection system (PODS), company officials said. Financial details were not . . .

Dana Wins Powertrain Component Business From BMW.(Brief Article)
Dana Corp. said it plans to design and produce front and rear differentials for a future vehicle platform made by BMW AG, expanding Dana's business with foreign automakers that have factories in No . . .

GM To Shut Down Engine Line At Livonia, Mich. Plant.(General Motors)(Brief Article)(Statistical Data Included)
General Motors Corp. said it will stop making the 3.5-liter V6 engine used to power the Oldsmobile Intrigue and base-model Aurora by late spring, eliminating up to 40 percent of the jobs at its Liv . . .

DaimlerChrysler To Restructure Truck Operation.(Brief Article)(Statistical Data Included)
DaimlerChrysler AG said it was undertaking a $330 million restructuring of its Freightliner commercial truck division that includes an 18 percent cut in jobs. The move comes as the U.S. market for . . .

New England, Far West Most Costly For Vehicle Owners.(Statistical Data Included)(Brief Article)
Vehicle owners in the New England states spend more per mile to own and operate their vehicles than anywhere else in the U.S., according to a cost analysis prepared for the AAA by Runzheimer Intern . . .

Siemens, Yazaki Form Electronic Auto Systems.(S-Y Systems Technologies Europe GmbH and S-Y Systems Technologies America L.L.C. f
Siemens AG and Japanese auto systems company Yazaki Corp. launched two companies to develop and sell electronic systems for vehicles made by three top carmakers. One component of the 50-50 joint ve . . .

TRW Combines Automotive Businesses Into One Unit.(Brief Article)
TRW Inc. said it will take further actions to accelerate the transformation of TRW into a leaner, faster, and more customer-responsive company. These actions include consolidating the company's glo . . .

U.S., Japan Agree To Begin New Round Of Automotive Trade Talks Next Year.(Takeo Hiranuma and Robert Zoellick in trade talks)(Bri
Japan's Trade Minister Takeo Hiranuma and U.S. Trade Representative Robert Zoellick agreed to launch a new round of bilateral auto trade talks in 2002, U.S. and Japanese officials said. The two sid . . .

North American Auto Suppliers Rank High Among Global Companies.(Statistical Data Included)(Brief Article)
In a recent study of global automotive companies, a number of North American automobile suppliers have distinguished themselves by delivering leading financial performance in one of the world's mos . . .

Aftermarket Manufacturers And Retailers Help Boost Automotive Parts Industry Performance In 2001.(Statistical Data Included)
The stock performance of a selected group of automotive parts manufacturers and retailers is not as dismal as one might expect given the general economic conditions in the United States in 2001. Ov . . .

AutoZone Says Same Store Sales Up 8% In Fourth Quarter.(Brief Article)
AutoZone, Inc. said its fourth quarter earnings per share reached of $1.07, before non-recurring charges, a 27 percent increase from earnings per share of $0.84 in the fourth quarter of fiscal 2000 . . .

ArvinMeritor Sees Decline In Fourth-Quarter Performance.(Brief Article)
ArvinMeritor, Inc. said that it anticipates the company's earnings per share for the fourth quarter, ending September 30, 2001, will be in the range of $0.20 to $0.25. The current First Call consen . . .

Earning Estimates Lowered On Major Parts Makers But Borg Warner Gets Upgrade.(Brief Article)
Salomon Smith Barney said declining consumer confidence and the resulting drop in auto sales will hit auto parts makers. The company lowered its earnings outlooks on seven U.S. auto parts suppliers . . .

Donnelly Corp. Said Third Quarter Earnings Will Be Hurt.(Brief Article)
Citing lower-than-expected automotive production levels and uncertainty following the Sept. 11 terror attacks, auto parts supplier Donnelly Corp. said it expects a bigger operating loss in the thir . . .

Valeo, Ricardo Sign To Jointly Develop 42 Volt Diesel Vehicle.(Brief Article)
Valeo and Ricardo said that they have entered a technical and strategic partnership that combines Valeo's 42 Volt electrical energy and thermal management systems with Ricardo's diesel powertrain a . . .

The Change From Mechanical To Electronic Systems Is Auto Industry's Biggest Challenge.(Brief Article)
The automotive industry faces the biggest single challenge in its history as automakers move from traditional mechanical systems to products based on electronics, according to David Johnston, presi . . .

Intel Opens Design Center To Boost Telematics.(Brief Article)
In an effort to speed delivery of wireless voice and data information to in-dash automobile systems, Intel has formed a Telematics Design Center. According to Intel, Web-based development and techn . . .

DaimlerChrysler, Ford And Ballard In Deal To Boost Fuel Cell Capability.
DaimlerChrysler AG, Ballard Power Systems Inc. and Ford Motor Co. said they have created a new alliance to enhance fuel cell development . The transportation alliance formed by Ballard, XCELLSIS . . .

Ford, Ballard Sign Agreement For Fuel Cells.(Brief Article)
Ballard Power Systems said that it has signed a three-year agreement worth Cn$34.5-million (US$22.0-million) with alliance partner Ford. Under the terms of the agreement, Ballard will supply Ford w . . .

Delphi Forms French Fuel Cell Research Center.(Brief Article)
Delphi Automotive Systems along with French government officials and representatives from several other companies, were present at a ground breaking for a new fuel cell research center in France. . . .

Japan's New Vehicles Sales Dropped 4.1 Percent In September.(Brief Article)
New motor vehicle sales in Japan fell 4.1 percent in September from a year earlier to 371,318 units, the first fall in three months, the Japan Automobile Dealers Association said. Sales of cars w . . .

Prospects Of Increased Imports Prompts Mexican Automotive Industry To Seek Government Fiscal Reform.(Brief Article)
Executives from Mexico's automotive sector asked the federal government to implement fiscal reforms in order to confront the entry of new car brands from Europe and Asia, due to the elimination of . . .

Auto Sales In Europe Expected To Decline Sharply.(Brief Article)
European car sales will drop by 600,000 this year and slump by a further one million in 2002 before resuming a powerful uptrend in 2003, a recent report said. The report, published by World Markets . . .

Mitsubishi, Nissan To Merge Transmission Businesses.(Brief Article)
Mitsubishi Motors Corp., Japan's number-four carmaker, said it plans to spin off its transmission division and integrate it with Nissan's transmission subsidiary Jatco TransTechnology Ltd. "The res . . .

DaimlerChrysler's Transmission Plant Expansion Is Underway.(Brief Article)
DaimlerChrysler Corp. said it has started construction on a $455 million project at their Indiana transmission plant located in Kokomo, Indiana. The project will allow for production of the "W5A580 . . .

American Axle & Manufacturing Awarded New Forging Business By Ford.(Brief Article)
American Axle & Manufacturing Holdings, Inc. (AAM) said that it will provide Ford with differential gears for automatic transmissions in selected front-wheel-drive Ford vehicles. The gears will be . . .

Stackpole Wins General Motors Oil Pump Business.(Brief Article)
Stackpole Ltd. said it has been chosen to supply transmission oil pumps for a high volume General Motors automatic transmission. Production will begin at Stackpole's recently expanded engineered pr . . .

Global Auto Sales Expected To Fall By 4 Million Units In 2002.(Brief Article)
Global car and truck sales will drop by four million in 2002, and the automotive industry will have to quickly cut costs and rationalize production to avert a financial crisis, according to a recen . . .