Collins & Aikman Acquires Molding Plant in Spain From
Delphi.(Brief Article)
Collins & Aikman Corp. acquired Delphi Corp.'s plastic
injection molding plant in Logrono, Spain, for EUR15 million ($15.6
million).
Collins & Aikman, a supplier of automotive interior . . .
Malibu Will Offer Delphi's Electric Steering.(General Motors
Corp.'s 2004 Chevy Malibu will feature Delphi Corp.'s E*STEER
elect
Delphi Corp. said General Motors 2004 Chevy Malibu will be the
first vehicle in North America to offer Delphi's electric power
steering system. The auto parts maker said its E*STEER system is . . .
Carlisle Companies Sold Its European Power Transmission
Business.(Megadyne acquires power transmission belt business)(Brief
Arti
Carlisle Companies Inc., based in Charlotte, NC, said it sold its
European power transmission belt business to Megadyne, a manufacturer of
polyurethane transmission belts located in Mathi, Italy. . . .
Volkswagen To Invest $2 Billion On Mexican Facilities; Mexican
Parts Suppliers To Benefit.(Brief Article)
Volkswagen AG said it plans to invest $2 billion in Mexico over
the next five years to revamp local facilities and accommodate
production of its new Bora/Jetta model.
Reinhard Jung, head of . . .
Dana To Supply Ford's F-150 Series Pickup Truck With
Structural Frames.(Dana Corp., Ford Motor Co.)(Brief Article)
Dana Corp. said that it will supply structural systems to the Ford
for its 2004 F-150 Series pickup trucks. Dana's Automotive Systems
Group will supply frames from its Elizabethtown, Ky., and . . .
Dana To Supply Driveline For New Nissan Pickup Truck.(Dana Corp.
receives contract for Nissan Motor Company Ltd.'s Titan
truck)(
Dana Corp. said that it will supply front- and rear-axle
assemblies and propshafts for Nissan's all new 2004 Titan full-size
pickup truck. The new Nissan vehicle, which will be styled, . . .
Delco Remy Will Shut Down Indiana Starter And Alternator
Operations.(Delco Remy International Inc. to close Delco Remy America
I
Delco Remy International, Inc., will close its Delco Remy America
starter and alternator manufacturing operations in Anderson, Ind. during
the first quarter of 2003. The production will be . . .
SPX Contech Signs $8 Million Agreement To Supply Jeep Grand
Cherokee Steering Housing.(Brief Article)
SPX Corp. said that its Contech business has been selected as the
source for an $8 million annual contract to supply components on the
next generation Jeep Grand Cherokee produced by . . .
Keystone Auto Buys Missouri Remanufacturer.(Advance Bumper and
Body Parts )(Brief Article)
Keystone Automotive Industries, Inc. said that it has acquired
certain assets of Advance Bumper and Body Parts of Springfield,
Missouri. Advance recorded sales of approximately $1.5 million in . . .
Hayes Lemmerz Asks For More Time For Turnaround Plan.(Hayes
Lemmerz International Inc.)(Brief Article)
Automotive supplier Hayes Lemmerz International Inc. is seeking
bankruptcy court approval for an extension of its exclusive right to
file a reorganization plan and lobby for creditor support. . . .
Low Emission Vehicle Sales Rapidly Gaining Acceptance In
U.S.(Brief Article)
Fuel efficient and less polluting vehicles are rapidly gaining
acceptance among U.S. car buyers, according to recent analysis.
Environmentally friendly vehicles have seen a 54-fold increase . . .
Ford's Pension Underfunding Hit $7.3 Billion In 2002.(Brief
Article)
Ford Motor said that its U.S. pension fund was underfunded by $7.3
billion at the end of 2002 and that its pension costs would increase to
$270 million in 2003. Ford said its worldwide pension . . .
GM's Pension Costs Soar.(General Motors)(Brief
Article)
General Motors said that its pension expenses would triple to $3
billion before tax due to weak stock markets and forecasting its
earnings would fall by about a quarter. However, GM insisted it . . .
Magna's New Business In 2003 Will Reach $3.3 Billion.(Brief
Article)
Magna International Inc. said it expects 2003 results to be a
"strong follow-up" to last year's record performance, the
coming year will also set the stage for future growth and profitability.
On . . .
Delphi Said Revenue From China Jumped 35 Percent In 2002.
Delphi Corp. said that revenue from China soared 35 percent in
2002, reaching $700 million. This is the second consecutive year that
Delphi China has reported an annual revenue increase of more . . .
Auto Suppliers See Large Increase In Earnings In First Nine
Months Of 2002.(Brief Article)
Year-to-date earnings for auto parts suppliers and retailers
improved substantially in the first three quarters of 2002, reflecting
apparent cost cutting by the select group of companies examined . . .
Marginal Units To Get Special Attention From Delphi.
Delphi Corp. has placed 10 additional manufacturing operations in
the company's recently established Automotive Holdings Group (AHG)
to accelerate efforts to bring these sites back to . . .
Collaboration Among Suppliers, Automakers Needed To Significantly
Reduce Warranty Cost.
Warranty costs in 2003 could be reduced significantly with
improved collaboration among auto manufacturers, tier one suppliers and
their suppliers, according to the initial findings of a . . .
Hayes Lemmerz Earns 13c/Share In Third Quarter Vs. Loss
$1.92.(Hayes Lemmerz International Inc.)(Brief Article)
Hayes Lemmerz Int'l Inc. reported net income of $3.7 million,
or 13 cents a share, for its fiscal third quarter ended Oct. 31,
according to its quarterly report filed with the Securities and . . .
Mexico's Desc To Report Operating Loss.(Brief
Article)
Mexican conglomerate Desc SA said that it expects to report sales
of $440 million for the fourth quarter. In a filing with the Mexican
Stock Exchange, Desc said that it will also likely report an . . .
|
|