Ford buys more Navistar diesels
CHICAGO - Navistar International Corp. plans to expand production at its Indianapolis plant to make more diesel engines for Ford Motor Co.
The Indianapolis plant supplies 1,300 engines per day, including V-8s for Ford's F-150 pickup. Navistar recently won a major contract to develop and supply V-6 diesel engines for Ford sport-utilities. The latest expansion will bring investment at Indianapolis in the past four years to more than $280 million.
Navistar also plans to buy a plant in Huntsville, Ala., from Cummins Engine Co. to produce diesel engines for trucks and buses.
Cut parts costs, Nissan told
TOKYO - It is 'absolutely critical' that Nissan Motor Co. cut its parts costs, said Carlos Ghosn in one of his first interviews since coming to Japan.
Ghosn will become Nissan's COO, following Renault SA's purchase of a controlling 36.8 percent interest in the Japanese carmaker.
Speaking on a late-night Japanese news show, Ghosn also credited a shared vision by Renault employees for the French carmaker's turnaround, and he said rising sales are one way to cope with excess capacity. He declined to comment specifically on Nissan's problems or needs, however.
James B. Treece
Tenneco gets new president
LAKE FOREST, Ill. - Tenneco Inc. named Mark Frissora president of its automotive parts business last week, following the resignation of Thomas Evans. One day after his resignation, Evans was named CEO of Collins & Aikman Corp., a supplier of interior trim.
Frissora's promotion comes as Tenneco tries to decide whether to sell or spin off its automotive group, which is based in Lake Forest.
Frissora, 43, had been senior vice president and general manager of Tenneco Automotive's North American original equipment business. Evans, 47, also was named a director and board chairman of Collins & Aikman, based in Charlotte, N.C.
He succeeds David Stockman, senior managing director of the Blackstone Group, a New York merchant banking firm, and Bruce Barnes, managing director of investment banker Wasserstein Perella & Co. Both firms control more than 80 percent of the company's shares.
AutoNation expands in L.A.
LOS ANGELES - AutoNation USA will open today, April 26, its fifth used-car megastore in the Los Angeles area, its 45th nationally.
AutoNation's 500-vehicle lot, with a 52,000-square-foot showroom and service center, can be seen from the headquarters of Toyota Motor Sales U.S.A. Inc. and Nissan North America Inc. The operation also is near the headquarters of American Honda Motor Co. Inc.
AutoNation has hired a top local retail veteran to head the store. Walter Roga, formerly general sales manager of Longo Toyota, will be the general manager of the AutoNation site.
Ford has new online guide
DETROIT - Ford Division launches a new online car-buying guide today, April 26, in a venture with publisher Ziff-Davis, Advertising Age reports.
Ford is the named sponsor of Onlinecarguide.com, which offers auto information and links to sites with related services, such as Autobytel.com.
The estimated $1 million to $2 million project will be promoted in a 12-page ad brochure in June issues of FamilyPC, PC Computing and Yahoo! Internet Life.
The deal is the latest in a string of Ford projects with Web partners. Ford said the site will help prospects early in their shopping process.