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Autoparts Report

J. Eberspaecher Opens New North American Headquarters In Novi, Mich

J. Eberspaecher Opens New North American Headquarters In Novi, Mich – Brief Article Eberspaecher North America, Inc. (ENA), a leader in automotive exhaust engineering and vehicle heater development, said that it opened its new North American headquarters and design & development technical center in Novi, Mich. This newest division of Eberspaecher Group, the Esslingen, Germany- […]

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Autoparts Report

Dollar’s Decline Should Help Automotive Companies

Dollar’s Decline Should Help Automotive Companies Weakness in the U.S. dollar — currently trading at multiyear lows versus many major currencies — could be a good thing for U.S. automotive manufacturers, especially with respect to competition with Japanese automakers and suppliers. A weaker dollar would have a substantial impact on the bottom line of Japan’s […]

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Autoparts Report

Standard & Poor’s Downgrades Credit Ratings Of GM and Ford

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 its “credit watch” list on Aug. 17 while S&P […]

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Autoparts Report

Germany’s Car Production Declined 6 Percent Through August

Germany’s Car Production Declined 6 Percent Through August – Brief Article The federation of Germany’s automobile industry is cautiously optimistic for the remainder of 2002, but has confirmed its earlier forecast of 3.2 million new passenger car registrations in Germany. Last month alone, German carmakers registered a 9 per cent drop in domestic order bookings. […]

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Autoparts Report

MTU Expands Drive Shaft Business In North American Market

MTU Expands Drive Shaft Business In North American Market MTU Drive Shafts, a unit of DaimlerChrysler and the world’s largest manufacturer of passenger-car drive shafts, said it is setting up a new U.S. subsidiary and manufacturing operation in Charleston, South Carolina. “The U.S. plant will further increase our competitive edge in the growing NAFTA market,” […]

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Autoparts Report

Motorola, Amerigon Agree To Jointly Develop A New Generation Of Electronic Control Modules

Motorola, Amerigon Agree To Jointly Develop A New Generation Of Electronic Control Modules – Brief Article Motorola, Inc. and Amerigon Inc. said they have entered into a non-binding memorandum of understanding to develop a new generation of electronic control modules (ECMs). Under terms of the memorandum of understanding, the companies intend to negotiate and enter […]

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PSA Will Produce Citron C3 In Brazil

PSA Will Produce Citron C3 In Brazil – Brief Article PSA Group president Jean-Martin Folz said that the company will produce the Citron C3 in Brazil. PSA will start to produce the model at the end of 2002 in the Porto Real plant, in Rio de Janeiro state. The plant was inaugurated last February and […]

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Autoparts Report

U.S. Automotive Manufacturing, Inc. Announces Strategic Investment

U.S. Automotive Manufacturing, Inc. Announces Strategic Investment – Brief Article U.S. Automotive Manufacturing, Inc. (USAM) said that it had entered into a letter of intent whereby Satisfied Brake Products Ltd. (Satisfied) of Montreal, Canada will make a strategic investment in (“USAM”). Martin Chevalier, President and CEO of USAM, stated that “USAM was excited at the […]

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Autoparts Report

Electric Pumps Siphon Growth into Fuel Pump Aftermarket

Electric Pumps Siphon Growth into Fuel Pump Aftermarket The growing number of vehicles in operation, a rise in the number of vehicles equipped with electrical fuel pumps and increasing vehicle age are contributing to strong growth forecasts for the U. S. automotive fuel pump aftermarket. Besides shifting from mechanical to electrical pumps, the aftermarket is […]

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Autoparts Report

Dana Sells Three Units To Buyout Firm

Dana Sells Three Units To Buyout Firm – Brief Article Dana Corp. said that it has completed the sale of several non-core businesses to The Riverside Co., a leveraged buyout firm. Proceeds from the sale were approximately $33 million, and the transaction was not material to the company’s results of operations. Terms of the transaction […]