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Autoparts Report

Decoma Reports Higher First Quarter Profits – Brief Article

Decoma Reports Higher First Quarter Profits – Brief Article – Statistical Data Included Decoma International Inc. said that its first quarter earnings improved on stronger North American auto sales and lower interest charges. Decoma said its earning per share stood at $23.9 million, or 27 cents a share, in the quarter ended March 31, up […]

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Autoparts Report

Noble International, Ltd. Acquires DSI Holdings, Inc

Noble International, Ltd. Acquires DSI Holdings, Inc – Brief Article Noble International, Ltd. said that it has completed, through its wholly owned subsidiary, Noble Holdings, Ltd. the acquisition of all of the outstanding stock of DSI Holdings, Inc., a Houston, Texas based company. DSI is a local and regional provider of auto parts delivery and […]

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Autoparts Report

Toyota, China FAW Joint Venture To Produce 200,000 Cars Annually

Toyota, China FAW Joint Venture To Produce 200,000 Cars Annually – Brief Article The newly-announced joint venture between Toyota Motor Corp. and China’s FAW Group Corp. will make 200,000 cars a year Toyota spokesman Masashi Honda said Toyota and FAW would make “mini cars” at FAW’s facility in Tianjin starting in mid-2003, with annual production […]

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Autoparts Report

GM’s OnStar To Offer Financial News To Drivers

GM’s OnStar To Offer Financial News To Drivers – Brief Article General Motors said its OnStar unit struck a deal that will let its users get access to news from Dow Jones & Co. Inc.’s Wall Street Journal Online while they are driving. The companies said in a statement that users of Onstar, which provides […]

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Autoparts Report

General Motors, Russia’s AvtoVAZ, Form Joint Venture

General Motors, Russia’s AvtoVAZ, Form Joint Venture – Brief Article Russia’s AvtoVAZ car-maker and General Motors said they have created a joint venture to produce a new vehicle. The new vehicle may be named Chevrolet-Niva. The JV plans to make up to 90,000 such cars a year, the company said. Production is to begin in […]

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Autoparts Report

Mercedes-Benz To Produce New Vehicle In Alabama – Mercedes-Benz Grand Sports Tourer

Mercedes-Benz To Produce New Vehicle In Alabama – Mercedes-Benz Grand Sports Tourer – Brief Article DaimlerChrysler AG said it will produce the Mercedes-Benz Grand Sports Tourer (GST) at its Tuscaloosa, Alabama factory. Production launch is planned for the end of 2004. A $600 million expansion is already underway at the Tuscaloosa plant, which currently produces […]

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Autoparts Report

Bridgestone To Open First Fully Automated Tire Producing System

Bridgestone To Open First Fully Automated Tire Producing System – Brief Article Bridgestone Corp. said it will start operating the world’s first fully automated tire-manufacturing system starting next year to improve product quality and slash output costs. Bridgestone is currently testing its computer-controlled “Bridgestone Innovative and Rational Development (BIRD)” production system, which automates the manufacturing […]

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Autoparts Report

Hyundai Motor Co., Enova Announce Electric-Vehicle Program The State of Hawaii

Hyundai Motor Co., Enova Announce Electric-Vehicle Program The State of Hawaii California-based Enova Systems said that it has entered into an agreement with the state of Hawaii and Hyundai Motor Co. to introduce OEM electric vehicles into fleet use in Hawaii. These vehicles will utilize electric propulsion, charge management and battery thermal management systems developed […]

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Autoparts Report

ChoiceParts Completes Acquisition of CarStation

ChoiceParts Completes Acquisition of CarStation ChoiceParts, LLC said it formally closed the previously announced asset acquisition and exclusive licensing agreement with OnStation Corp. for the CarStation CommerceSystem (CCS). On February 20, 2001, ChoiceParts announced that it would become the exclusive provider of CCS for the automotive collision repair market. ChoiceParts began transitioning the CarStation product, […]

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Autoparts Report

ArvinMeritor, Apollo Rumored To Bid TRW’s Auto Unit

ArvinMeritor, Apollo Rumored To Bid TRW’s Auto Unit – Brief Article ArvinMeritor Inc. along with private equity firm, Apollo Management, is considering a bid of more than $4.5 billion for TRW Inc.’s auto parts unit, according to several reports. The other bidders are reported to be buyout firms Blackstone Group and Carlyle Group who are […]