Autoparts Report

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Venture and Expert Form Venture To Supply Complete Front-End Modules For Autos.(Brief Article)
Automotive suppliers Venture Industries (Fraser, MI) and Expert Corp. SL (Barcelona, Spain) said they have formed Venture-Expert Automotive Systems (VEAS), a joint venture company developed to suppl . . .

Kerkorian Files $8 Billion Suit Against DaimlerChrysler.(Brief Article)
Billionaire financier Kirk Kerkorian on urged a U.S. court to hear his $8 billion lawsuit against DaimlerChrysler AG, accusing the German-American automaker of trying to "rewrite history" in its eff . . .

Toyoda Machine Works To Supply Steering Pumps To GM.(Brief Article)
Toyoda Machine Works Ltd., an affiliate of Toyota Motor Corp. , said it had won an order from General Motors to supply pumps for use in power steering. Toyoda Machine, owned 24.9 percent by Toyota, . . .

Chrysler To Slash Capital Expenditure Over Next 5 Years.(Brief Article)
DaimlerChrysler AG's U.S. arm Chrysler is to cut its capital expenditure by almost 40 percent or $18 billion over the next five years, the London Financial Times reported. Citing unpublished company . . .

Mazda, Ford To Upgrade U.S. Facility.(Brief Article)
Mazda Motor Corp. and Ford Motor Co. will invest about $81.4 million on a new output line at their loss-making U.S. unit, a Japanese newspaper reported. AutoAlliance International Inc. (AAI) has a . . .

Opel Says European Business Is Shrinking; Warns Of Job Cuts.(Brief Article)
German car manufacturer Adam Opel AG, a unit of General Motors, warned of possible job cuts in Europe as it abandoned its goal to increase its German market share in a shrinking overall market for c . . .

Aftermarket Technology To Keep Remanufacturing Business.(Brief Article)
Aftermarket Technology Corp. said that it has successfully restructured its remanufactured aftermarket engine business, returning it to profitability and subsequently has decided to retain the busin . . .

Delphi Wins Engine Management Systems Business For Taiwan Automaker.(Brief Article)
Delphi Automotive Systems said it signed a multi-year contract with China Engine Corp. in Taiwan, to supply engine management systems (EMS) for 1.6 and 2.0 L engines. The engines will be applied to . . .

Pennzoil-Quaker State To Undergo Major Restructuring.(Brief Article)
Pennzoil-Quaker State Co. said it will undertake a comprehensive corporate restructuring program designed to enhance growth potential, strengthen its balance sheet, accelerate debt reduction and imp . . .

Delphi Wins Ford's Steering Column Business.(Brief Article)
Delphi Automotive Systems said it signed a contract to supply energy absorbing steering columns to Ford for a future model. This is Delphi's first U.S. steering-related contract with Ford, Delphi sa . . .

Delphi Renames Interior Division To Reflect Safety Products.(Brief Article)
Delphi Automotive Systems said it has strengthened its focus on safety systems, resulting in nine new occupant protection systems contracts booked during the first five months of 2001 with auto manu . . .

Georgia Ranked Top Location for Automotive Industry.(Brief Article)
Georgia Governor Roy E. Barnes said that Business Facilities, a monthly business magazine, has ranked the state of Georgia as the second best location in the United States for the growing automotive . . .

Engine Control, Emissions Sensor Market To Grow.(Brief Article)
As emissions standards continue to tighten throughout North America and automobile manufacturers strive to meet federal standards for fuel economy, the market for sensors that improve engine control . . .

Delco Remy Agrees To Buy Remanufacturing Business From Mazda.(Brief Article)
Delco Remy International, Inc., said that it signed a definitive agreement to acquire the North American remanufacturing business of Mazda North American Operations (MNAO). The business, located in . . .

China To Restructure Automotive Industry.(Brief Article)
In an effort to streamline its auto industry, The Chinese government introduced a new plan to consolidate or eliminate many small, unprofitable automotive firms. The government said it would give ne . . .

GM Makes Significant Improvement.(Brief Article)
GM's engine operations led the field with a 5.2 percent improvement, according to the Harbour report. GM's transmission operations improved by 5.9 percent, making it the first time GM led that categ . . .

GM's Productivity Most Improved; Transplants Continue To Lead Domestic Producers.(Brief Article)
General Motors Corp.'s assembly, stamping and powertrain operations helped the automaker outpace all other multi-plant manufacturers with an overall productivity improvement of nearly 8.5 percent, a . . .

General Motors, Quantum To Jointly Develop Hydrogen Storage Devices.(Brief Article)
General Motors and Quantum Technologies, Inc., a wholly owned subsidiary of Impco Technologies, Inc., said they entered into an equity partnership deal for the development of hydrogen storage device . . .

Fiat Sets Up Engine Plant In China.(Brief Article)
Fiat Group opened its solely-funded automobile engine and related high- tech component company in China, which is the second Fiat plant opened in the country this year. The Magneti Marelli Powertrai . . .

Fiat To Make Major Investment In New Models, Power Train.(Brief Article)(Statistical Data Included)
Fiat Auto SpA's automotive unit said it plans to invest 14 billion euros ($11.9 billion) between 2001 and 2005 to launch 19 new car models and develop a power train. Chief executive Roberto Testor . . .

Toyota Said It Will Produce Vehicles In Mexico.(Brief Article)
Toyota Motor Corp., the third-largest automaker in the world, plans to begin assembling vehicles in Mexico, Mexico City daily Reforma reported. Toyota top executive Hiroshi Okuda, during a recent me . . .

China's Entry Into WTO Improves.(World Trade Organization)(Brief Article)
China's admission to the World Trade Organization appears to be on an accelerated track after it resolved its differences with the U.S. on the terms of Beijing's entry. WTO chief Mike Moore urged re . . .

Mexico, Japan Agree To Start Free-Trade Pact Negotiations.(Brief Article)(Statistical Data Included)
The leaders of Mexico and Japan agreed to consider a bilateral free- trade agreement, one of several such deals Japan is trying to seal with its trading partners. Mexican President Vicente Fox, who . . .

Hong Kong Raises Emission Standards On Motor Vehicles.(Brief Article)
The government of the Hong Kong Special Administrative Region is to impose more stringent vehicle emission standards for certain types of motor vehicles. It will also require the installation of on- . . .

Denso To Produce Car Air Conditioners In Czech Republic.(Brief Article)
Japan-based Denso Corp., parent company of Denso International America, Inc., said that it plans to establish a manufacturing company to produce car air conditioners in the Czech Republic in August . . .

DaimlerChrysler Signs Letter Of Intent With Singapore To Launch Joint Fuel Cell Project.(Brief Article)
Singapore's Economic Development Board and DaimlerChrysler signed a letter of intent to jointly launch a fuel cell project in Singapore. The agreement was reached following the Global Conference on . . .

Thailand's Auto Production And Exports Climb In 2001.(Brief Article)(Statistical Data Included)
Thailand's auto production and exports rose significantly in the first four months of the year, boosted by rising sales both at home and overseas, the Thai Automotive Club said. According to a sta . . .

Administration Refuses To Ease Clean Octane Provision For California.(Brief Article)
The Renewable Fuels Association (RFA) hailed reports that President Bush denied California's request for a waiver from the clean octane provisions of the Clean Air Act. The Bush administration rej . . .

EPA Proposal Would Force OEMs To Make Emission Information and Tools Available to Aftermarket.(Brief Article)
A recent proposal by the U.S. Environmental Protection Agency to revise its service information rule is good news for consumers, the environment and the aftermarket, according to the Automotive Part . . .

Gentex, One Of The "Hot Growth" Companies, Said It Will Miss 2nd Quarter Targets.(Brief Article)(Statistical Data Included)
For the third consecutive year, Gentex Corporation, the Zeeland, Michigan-based manufacturer of automatic- dimming rearview mirrors, has been named to Business Week's "Hot Growth Companies" list, wh . . .

Dana Corp. To Supply Brake And Drive Components To PACCAR.(Brief Article)
Dana Corp. said that it has entered into a long-term supply agreement with PACCAR Inc. Dana's Commercial Vehicle Systems operations and Spicer Driveshaft group will supply steer axles, drive axles, . . .

Dana Corp, Riken Corp. Consider Piston Ring Venture.(Brief Article)
Dana Corp. and Riken Corp. said that they have agreed to study an alliance for the development of advanced piston ring technology. Further, the companies are studying the potential for a joint ventu . . .

Ramoil Management Seeks Funding For Major Automotive Distribution Chain Purchase.(Brief Article)
Ramoil Management, Ltd. of Las Vegas said that the company would look for a capital source to provide funds for acquisition of a major automotive parts and tool distribution chain of stores located . . .

Ford Said Its North American Production Will Drop 18 Percent In Third Quarter.(Brief Article)
Ford Motor Co. said it expects its North American production to drop 18 percent to 930,000 units for its third quarter, compared with 1.1 million units the company sold during the second quarter, ac . . .

Visteon Awarded Interior Systems Business For PSA Peugeot Citroen In Brazil.(Brief Article)
Visteon Corp. said it will supply interior systems for PSA Peugeot Citroen of Brazil, S.A. Visteon's South American Operations will provide interior systems for two vehicles, the Peugeot 206 and Cit . . .

Visteon Plans to Open Air Fuel Charge Assembly Facility In South Africa.(Brief Article)
Visteon Corp. said that it plans to open a new facility in Port Elizabeth, South Africa, which will produce air fuel charge assemblies for the Ford Rocam engine. The plant will produce air fuel char . . .

Acura RSX Offers Potential For Aftermarket Customizing Industry.(Brief Article)
At American Honda headquarters in Torrance, Calif., a group of executives and engineers from leading automotive aftermarket manufacturers were given an advance preview of the all-new Acura RSX. The . . .

Hybrid Car Sales Surge Along With Gas Prices.(Honda Insight)(Brief Article)
Sales of the Honda Insight gas- electric hybrid vehicle reached record- breaking levels in May, pushed in part by record gas prices. Insight sales of 903 were up 137.6 percent compared to year-ago r . . .

Lear Corp. To Cut 150 Jobs Because Of Industry Slowdown.(Brief Article)
Lear Corp. said it plans to cut about 150 hourly jobs by shifting some of its operations to Canada and blamed automaker production cuts for excess capacity. The world's fifth- largest auto supplier . . .

Detroit Diesel To Introduce New Technology Engines In Fall Of 2002.(Brief Article)
Detroit Diesel Corp. (DDC) said that the U.S. Environmental Protection Agency (EPA) and the Department of Justice (DOJ) notified DDC and other engine makers that entered into 1998 consent decrees, t . . .

Donnelly Gets OnStar-Equipped Mirror Business From Acura.(Brief Article)
Donnelly Corp. said it is supplying advanced interior mirrors for the Acura Legend 3.5RL. The electrochromic (EC) automatic-dimming mirrors are loaded with a variety of electronic features including . . .

Visteon Awarded Interior/Electrical Business For Toyota's New European Model.(Brief Article)
Visteon Corp. said that its European operations has won a contract with Toyota of Europe to supply interior, electrical and fuel-related components for the newly launched Toyota Yaris. For the first . . .

Automakers Are Cutting Back Or Delaying Future Vehicle Programs.(Brief Article)
Autoparts suppliers are feeling the effects of a weakening economy and slowing sales, as U.S. automakers are cutting back on car and truck development programs to help cut costs. Auto parts supplier . . .

Industry Group Outlines Future Technological Advances For Autos.(Partnership for a New Generation of Vehicles)(Brief Article)
The Partnership for a New Generation of Vehicles (PNGV) has made great strides in its research efforts to develop future technologies for autos. A representative of the United States Council for Aut . . .

Ford Sees Diesels Capturing A Larger Share Of U.S. Market.(Brief Article)
Ford Motor Co.'s new research chief, Gerhard Schmidt, a German engineer Ford recently recruited from BMW AG, said he thinks diesel engines could account for more than 10 percent of vehicle sales in . . .

Strong Dollar Hurting Auto Parts Suppliers.(Brief Article)
The U.S. dollar's current high exchange value is having a negative impact on manufacturing exports, production and employment, according to the Motor & Equipment Manufacturers Association (MEMA). "M . . .

Auto/Autoparts Makers May Face Higher Steel Prices If Government Imposes Restrictions On Steel Imports.(Brief Article)
The Bush administration decided to initiate a sweeping trade case that would impose sharp restrictions on the amount of steel imported from abroad to protect the beleaguered American steel industry. . . .

Automotive Aftermarket Totals $151.2 Billion In 2000.(products and services)(Brief Article)(Statistical Data Included)
Automotive aftermarket product and service volume in the U.S. reached $151.2 billion during 2000, a $4.0 billion increase over 1999 in current dollars at user-price (the price paid by ultimate consu . . .

Bush's Energy Policy To Hasten Introductions Of Hybrids.(gasoline-electric vehicles)(Brief Article)
President Bush's national energy policy includes a plan for $10 billion in tax credits over 10 years, of which $4 billion would be earmarked for consumers who buy hybrid gasoline- electric vehicles. . . .

Ford's Launch Of Wingcast To Be Delayed Until Mid-2002.(in-vehicle communications service)(Brief Article)
Ford Motor Co. said it has delayed the launch of its Wingcast in- vehicle communications service until about mid-2002 from a previously planned introduction later this year, officials said. Ford unv . . .