Delphi Sees Slight Rise In Capital Expenditure In 2003; Plans
Large Pension Payout.(Brief Article)
Delphi Corp. said it expects capital expenditures of $1.1 billion
for 2003, compared with $1.035 billion in 2002, according to the
company's annual report filed with the Securities and . . .
Collins & Aikman's Reports Record 4th Quarter
Sales.(Brief Article)
Collins & Aikman reported a fourth-quarter net loss of $3.1
million, or 4 cents a share, compared with a net loss of $35.6 million,
or 72 cents, a year ago. Excluding restructuring and asset . . .
Genuine Parts Sees 4th Quarter Sales Increase.(Brief
Article)
Genuine Parts Co.'s fourth-quarter sales rose 2.4 percent to
$1.99 billion on a 1 percent rise at its automotive group and 5 percent
growth at its industrial and office product segments. Genuine . . .
Vietnam Auto Parts Tariff To Rise Sharply.(Vietnamese Ministry of
Finance suggests auto part tariff hikes)(Brief Article)
Vietnam's Ministry of Finance has proposed a graduated
increase in auto part tariffs to a ceiling of 50 percent by 2005
The government agency has recommended that the import tax on . . .
Toyota, Suppliers To Invest In Indonesian Auto Venture.(Toyota
Motor Corp. )(Brief Article)
Toyota Motor Corp. will pour $180 million into its auto joint
venture with Indonesia's PT Astra International during 2003-2005,
Astra Chief Executive Budhi Setiadharma said. The official said . . .
Dongfeng Honda To Boost Chinese Parts Output by 70
Percent.(Dongfeng Honda Auto Parts Co.)(Brief Article)
Dongfeng Honda Auto Parts Co. said it will increase production in
fiscal 2003 by 70 percent over the previous year in order to supply
Guangzhou Honda Automobile Co., which plans to start . . .
Parts Maker Hyundai Mobis To Open Transmissions Plant In
China.(Brief Article)
Hyundai Mobis, a unit of Hyundai Motor Group, said it will open
its fourth Chinese plant in Beijing in the first half of 2004, to make
100,000 manual transmission units a year. Hyundai Mobis said . . .
Russian Firm, SHAAZ, To Supply Global Industry With New
Plant.
SHAAZ, a division of the Russia's Ural Mining and
Metallurgical Co. (UMMC), said that it has become the world's
largest producer of advanced CuproBraze heat exchangers, a cutting-edge
technology . . .
PSA Peugeot To Boost Production In Argentina.(Brief
Article)
PSA Peugeot Citroen said it would invest 50 million euros ($53.72
million) to start making its top-selling Peugeot 307 car in Argentina in
2004. The firm said it would make 16,000 cars at its . . .
Chrysler's Minority Spending Hit $3 Billion In
2002.(spending on goods and services from minority suppliers)(Brief
Article)
Chrysler Group said that it purchased more than $3 billion from
minority suppliers for goods and services in 2002. The total amount
represented about 11 percent of its total purchasing spend, . . .
Meridian Withdraws IPO Plan.(Meridian Automotive Systems Inc.
cancels planned initial public offering)(Brief Article)
Parts supplier Meridian Automotive Systems Inc. decided against
going forward with its initial public offering, because "current
market conditions" didn't support an offering at this time.
The . . .
DURA Awarded General Motors Glass Business.(Dura Automotive
Systems Inc. )(Brief Article)
Dura Automotive Systems, Inc. said it has been awarded a contract
from General Motors to provide rear-sliding windows for GM's
current North American line of full-size pickup trucks, including . . .
Dana's Says Asbestos-Related Claims Reach 139,000.
Dana Corp. said it had about 139,000 asbestos-related product
liability claims outstanding Dec. 31. Of those, about 24,000 were
settled pending payment, according to the company's annual report.
. . .
AutoZone Inc., Advance Auto Reach Settlement With New York Over
Illegal Charges.(Brief Article)
New York State Attorney General Eliot Spitzer announced a
settlement with two national retail auto parts chains for overcharging
consumers who do not turn in old automobile batteries.
The . . .
Cummins, Dongfeng Automobile Expand Relationship.(Brief
Article)
Cummins Inc. and Dongfeng Automobile Co. Limited (DFAC), a
subsidiary of Dongfeng Motor Co. (DFM), said that DFAC's licensee
plant, which produces Cummins B series engines, and Cummins . . .
Valeo's Awarded Windshield Wiper Contract From GM.(General
Motors Corp. awards contract)(Brief Article)
Valeo said its U.S. arm had won a contract to supply windshield
wipers to General Motors Corp. Valeo declined to put a value on the
contract, the unit's first big deal with the world's . . .
TRW Acquires Remainder Of Its Italian Automotive Pump
Venture.(TRW Marzocchi Automotive Pumps)(Brief Article)
TRW said it has acquired 100 percent of TRW Marzocchi Automotive
Pumps. Financial terms were not disclosed. The transaction concluded the
joint venture begun in 1997 between TRW and Marzocchi . . .
Exide To Supply Batteries To Goodyear Service Centers.(Exide
Technologies)(Brief Article)
Exide Technologies, through an alliance with its customer, Parts
Plus, will begin supplying batteries to Goodyear Service Centers.
The company signed a three-year agreement to be the primary . . .
Lund International Expands Georgia Facility.(Lund International
Holdings Inc. )(Brief Article)
Lund International Holdings, Inc., a manufacturer and marketer of
a broad line of accessories for the automotive aftermarket, said it has
expanded its Lund Accessories Division by 50 percent to . . .
Delphi Corp. Awarded New Safety Restraint Business.(Brief
Article)
Delphi Corp. received a $160-million contract to provide safety
restraints systems to a "major" North American automaker,
starting with the client's luxury models in 2005. Delphi
didn't name the . . .
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