Cooper, Visteon sign wiper deal
Cooper Automotive Co. and Visteon Automotive Systems have formed a partnership to make windshield wiper systems.
The partners will combine Cooper Automotive's Anco and Champion brand wiper arms and blades with Visteon's motors and linkages.
Cooper Automotive is headquartered in Chesterfield, Mo.; Visteon, a unit of Ford Motor Co., is based in Dearborn, Mich.
WIPERS - Intermet Corp. has formed a joint venture with Grupo Jorge de Mello to operate a foundry in Porto, Portugal. The 50-50 venture will be named Portcast-Fundicao Nodular SA, and Intermet will manage the operation.
The iron foundry is located 180 miles north of Lisbon. Customers include Dana, Bosch, Volvo and John Deere.
By 2000, the partners plan to double the plant's production capacity to 30,000 metric tons annually. Intermet is based in Troy, Mich.
R&D - Valeo SA is planning to set up a research center in Amiens, France, to develop new clutches and transmissions.
The center is scheduled to open in September 1999 and will employ 150 people.
Last year, Valeo's capital spending and r&d spending totaled $84 million. Valeo's headquarters is in Paris.
FINANCE - Dura Automotive Systems Inc. plans to issue 3 million shares of Class A common stock.
In addition, certain stockholders are selling 1.4 million shares of Class A common stock, bringing the total offering to 4.4 million shares.
Dura Automotive Systems plans to use the proceeds to reduce its debt.
Dura, which is based in Minneapolis, makes parking brakes, control cables, transmission shifters and other components.
SOFTWARE - Nematron has formed a partnership with Quantum Controls Inc. to provide manufacturing software to General Motors' Powertrain Group.
Nematron, which is based in Ann Arbor, Mich., designs software for machine control and other functions.
Quantum Controls of Plymouth, Mich., integrates automation systems on the factory floor.
SAFETY - Autoliv Inc. has developed an inflatable carpet that protects motorists' feet, ankles and lower legs in a frontal crash. The carpet cushions the riders' feet by removing them from the footwell.
According to U.S. statistics, leg injuries account for 40 percent of moderate and severe injuries in frontal crashes.
Automotive Industry Action Group 1998 Outstanding Achievement Awards: Deere & Co. of Moline, Ill.; UT Automotive Inc. of Dearborn, Mich.; and IBM Corp. of Armonk, N.Y. AIAG Lifetime Achievement Award: Ronald Becker, who retired as senior consultant for Eaton Corp. in March, after 28 years with the company. Becker has been an AIAG board member since 1985 and was active in the Tier 2 and 3 initiation of QS-9000. Winners will be honored at the 11th annual AIAG awards dinner Sept. 1 in Detroit.
Marketing services supplier Helm Inc. of Highland Park, Mich., Ford Motor Co.'s Marketing Excellence Award for several marketing services provided to Ford in 1997. Helm has won the award eight straight years.
JOINT VENTURES/ AGREEMENTS
Del-Met Corp. of Nashville, Tenn., and Bourbon Fabi Automotive of St. Lupicin, France, a joint marketing and technical agreement. The companies will exchange product and process technology and serve as each other's marketing partner in their respective regions. Both companies supply wheel trim, interior trim and other exterior trim.
The Motor & Equipment Manufacturers Association of the United States and the Spanish Association of Automotive Equip-ment and Component Manufac-turers of Spain, a memorandum of understanding to promote increased cooperation among the associations and their manufacturer-supplier members. The groups will exchange market, regulatory and other information; assist trade delegations visiting one another's countries; and promote member participation in U.S. and Spanish industry events. Both groups have agreements with sister associations in Mexico, India and Brazil.
Borg-Warner Automotive Inc., a new headquarters for Borg-Warner Automotive Morse TEC Europe in Arcore, Italy. The 165,000-square-foot headquarters has 166 employees who develop and manufacture chain systems and components for engines, automatic transmissions and four-wheel-drive systems.
QS-9000: Petoskey Plastics Inc. of Petoskey, Mich.; Gil-Mar Manufac-turing Co. of Canton, Mich.; Hyperlast Ltd. of Derbyshire, United Kingdom; ATC Lighting and Plastics Inc.'s ATC Nymold Corp. subsidiary of Brooklyn Heights, Ohio; Moon Roof Corp. of America of Roseville, Mich.; Amtec Precision Products Inc. of Elgin, Ill.; Vege de Mexico SA de CV of Monterrey, Mexico; AlliedSignal Specialty Chemicals Adhesives & Sealants' ADCO unit of Michigan Center, Mich.; Horizon Technology LLC's Romulus Division of Romulus, Mich.
ISO-9001: Natel Engineering Co. and its Powercube division, both of Chatsworth, Calif.; Quantum Controls Inc. of Plymouth, Mich.; Velvac Inc. of New Berlin, Wis.
ISO-14001: Polywheels Manufac-turing Ltd. of Oakville, Ontario.