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Autoparts Report

Advance Auto Parts To Acquire Discount Auto Parts

Advance Auto Parts To Acquire Discount Auto Parts – Brief Article Advance Auto Parts, a privately held parts retailer, and Discount Auto Parts, Inc. said that they have signed a definitive agreement for Advance to acquire Discount in a merger transaction, creating the second-biggest U.S. auto parts retailer. The new company will become a public […]

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Autoparts Report

Mitsubishi Heavy Awarded GM Minivan Air Conditioning Business

Mitsubishi Heavy Awarded GM Minivan Air Conditioning Business – Brief Article Mitsubishi Heavy Industries Ltd. said it had won an order from General Motors worth around 70 billion yen ($560 million) for car air-conditioning and engine-cooling systems. Japan’s largest heavy machinery maker said in a statement that the order was for new GM minivans set […]

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Autoparts Report

GM Said It Has Developed The “World’s Most Powerful Fuel Cell Stack”

GM Said It Has Developed The “World’s Most Powerful Fuel Cell Stack” – Brief Article General Motors’ latest fuel cell stack sets a new world standard for power density that packs 60 percent more power than any competitor, GM said at a recent fuel cell technical conference in London. The new GM stack is said […]

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Autoparts Report

Cummins, Dongfeng Automobile Expand Relationship

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 cylinder block and head machining company will be integrated into the Cummins and Dongfeng existing joint venture company, Dongfeng […]

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Autoparts Report

Advance Auto Parts To Buy Carport Autoparts Chain

Advance Auto Parts To Buy Carport Autoparts Chain – Brief Article Advance Auto Parts and Carport Auto Parts said that they have signed a definitive agreement whereby Advance would acquire all of the 51 stores that Carport operates in Alabama and Mississippi. Upon completion of the transaction, Advance will become the largest retail auto parts […]

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Autoparts Report

China’s Low-Cost Labor May Keep Pricing Pressure On Global Suppliers

China’s Low-Cost Labor May Keep Pricing Pressure On Global Suppliers At a recent auto industry conference in Shanghai, Jack Perkowski, Chief Executive Officer of ASIMCO Inc., a component maker operating in China, said the country’s low-cost labor supply is putting downward pressure on automotive parts prices globally. “If you want to be making engineer products, […]

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Autoparts Report

Metaldyne Wins Contract with Tier One Supplier for Exhaust Components

Metaldyne Wins Contract with Tier One Supplier for Exhaust Components – Brief Article Metaldyne said that is has begun supplying exhaust components to Visteon Corp. for late Ford Taurus and Mercury Sable vehicles. The contract calls for Metaldyne to supply the Y pipes, outlet pipes and inlet pipes for the exhaust system. The components will […]

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Autoparts Report

China’s Fujian Province Parts Exports Soar

China’s Fujian Province Parts Exports Soar Automotive parts exports from Fujian Province reached 826.74 million renminbi ($100 million), making the province one of China’s top auto parts exporters. Some 48 Taiwanese companies have invested Rmb 2 billion ($241.55 million) to build car parts factories in Fujian cities, including Fuzhou and Xiamen. Fujian manufactured vehicle parts […]

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Autoparts Report

Japan’s Automakers Capture Greater Market Share In Europe

Japan’s Automakers Capture Greater Market Share In Europe Japan’s automakers, strengthened by a solid range of fresh models, are boosting their sales in Europe and garnering greater market share at the expense of Volkswagen, Renault, Ford and General Motors. Europeans only need to look at the United States as an example of the strength of […]

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Autoparts Report

Hyundai Considering Europe For New Auto Plant

Hyundai Considering Europe For New Auto Plant – Company Profile Even as it is in the process of building a new plant in Montgomery, Alabama, Hyundai Motor Co. is turning its eyes to Europe for its next overseas push, driven by an ambition to become the fifth-largest carmaker in the world by 2010. “Hyundai Motor […]