Auto Parts Stock Prices Fell An Average Of 17.9 Percent In
2002.
The auto parts stock prices tracked by The Autoparts Report
dropped an average of 17.9 percent during 2002 (see table A). The
decline was most pronounced among "diversified manufacturers,"
as the . . .
2003 Expected To Be A Challenging Year For North American
Automotive Sector.
A number of important issues will challenge the automotive sector
in 2003, according to Fitch Ratings. Whether it is automotive industry
volumes, net pricing, product trends, the UAW contract . . .
Auto Suppliers Lose Significant Business Opportunities By Failing
To Submit Timely RFQs.
Auto parts suppliers lose a significant amount of business because
of late RFQ submissions or by not following other submission
requirements, a new study found. The new study shows major . . .
BMW Gets EU Aid For Leipzig Plant.(Brief Article)
The European Union Commission granted a $371 million aid package
to German car maker BMW to build a plant in Leipzig, Germany, but turned
down an additional $57 million. The extra aid "is . . .
GM To Boost Production In China With New Plant.(Brief
Article)
General Motors Corp., Shanghai Automotive Industry (Group) Corp.,
and their China joint-venture Shanghai GM, plan to acquire an assembly
plant in Yantai, China, a spokeswoman for GM in Shanghai . . .
DENSO To Produce Alternators In Turkey.(Brief Article)
DENSO Corp., parent company of Southfield, Mich.-based DENSO
International America, Inc., said it invested
in a new sales and manufacturing company in Istanbul, Turkey. Sales
of starters and . . .
NAFTA Provides Big Benefit For Mexico's Auto
Industries.(Brief Article)
Mexico's auto industry has benefitted enormously from the
country's membership in the North American Free Trade Agreement,
the head of an industry chamber said. "It's one of the sectors
that has . . .
Hella To Produce Headlamp In France.(Brief Article)
The daily SME said that Germany's Hella KG Hueck & Co.
will invest $36 million in plants in Banovce and Nove
Mesto nad Vahom in Slovakia to produce car headlamps. Production
will begin next . . .
Unipres, OSL To Set Up Joint Venture In France.(Brief
Article)
The Nihon Keizai Shimbun reports that auto parts maker Unipres
Corp. has formed a joint venture with OSL SpA of Italy, to make
components in France starting late next year. The venture will . . .
Valeo Reorganizes Lighting Business In Spain.(Brief
Article)
Valeo Illuminacion S.A., a Spanish subsidiary of Valeo, said that
it is planning to consolidate its lighting activities in Spain in order
to ensure the future competitiveness of the business. The . . .
Big Three's Share Of Canada's Auto Market Is
Shrinking.(Brief Article)
A study by Canada's Scotiabank shows that the Big Three are
steadily losing market share in Canada. The study shows that Asian and
European brands made up 60 percent of the Canadian new-car market . . .
Millennium Cell, DaimlerChrysler Continue Hydrogen Storage
Cooperation.(Brief Article)
Millennium Cell Inc., a leading technology solutions company that
has created a proprietary technology to safely store, generate and
deliver pure hydrogen utilizing sodium borohydride, and . . .
Ballard To Supply Honda With Fuel Cell Modules.(Brief
Article)
Ballard Power Systems has signed a supply agreement with Honda
Motor Co. Under the terms of the agreement, Ballard said it will supply
Honda with up to 32 Mark 902 fuel cell modules through 2005 . . .
Chrysler To Begin Flexible Manufacturing At Windsor
Assembly.
Chrysler Group's Windsor (Ontario) Assembly Plant will begin
flexible manufacturing when production of the all-new 2004 Chrysler
Pacifica begins. The new vehicle will be produced on the same . . .
California Fuel Cell Partnership To Boost Fuel Cell Vehicles In
2003.(Brief Article)
Building upon the achievements of the past year, the California
Fuel Cell Partnership said its organizational goals for 2003,
highlighted by tripling the current number of fuel cell . . .
AFL Automotive Awarded Electronic Business From GM.(Brief
Article)
General Motors has named AFL Automotive as the supplier for power
and signal distribution systems on two future programs. AFL will be
responsible for the design and manufacturing of both wire . . .
GenCorp's GDX Unit Get New Ford, GM Business.(Brief
Article)
GDX Automotive, an operating unit of GenCorp Inc., said that it
has been awarded new business on two major North American vehicle
platforms: General Motors has awarded GDX Automotive the design . . .
Dow Automotive To Produce Components For Ford's Integrated
Plant In Brazil.(Brief Article)
Dow Automotive said it has been selected as a materials integrator
and one of the key full service suppliers for Ford Motor Co.'s
newest manufacturing site in Bahia. Dow Automotive supplies . . .
Copart Opens 100th Location In Florida.(Brief Article)
Copart, Inc. said that it has opened its 100th U.S. auction
facility, located in Ft. Pierce, Florida. With the addition of this
54-acre greenfield facility Copart now has 100 locations in 40 . . .
DaimlerChrysler, Metaldyne In Joint Venture.(Brief
Article)
Metaldyne Corp. and DaimlerChrysler have signed an agreement to
form a joint venture to operate the Chrysler Group's New Castle,
Ind. Machining and Forge facility. Metaldyne will oversee the . . .
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