McCloskey to retire
CLEVELAND - Robert McCloskey, senior vice president and group executive for the automotive group of Eaton Corp., will retire Dec. 31. He will be succeeded by Bruce Taylor effective Sept. 1, 1999.
McCloskey, a 30-year veteran of Eaton, led the turnaround of the company's automotive controls business and more than doubled its hydraulics business in six years.
Taylor has been with Eaton's automotive business for 13 years and has been vice president of the worldwide automotive controls business since 1995. He also was general manger of automotive controls-Europe. He joined Eaton in 1985 as manager of the strategy and development group.
DALLAS - Texas Instruments Inc., a supplier of digital signal-processors to the auto industry, has completed a $63 million acquisition of Integrated Sensor Solutions Inc. of San Jose, Calif.
Texas Instruments of Dallas said the move will expand its automotive line. Integrated Sensor Solutions makes products used in gasoline direct-injection systems. It posted sales last year of $15.2 million.
CHICAGO - Borg-Warner Automotive Inc. has opened a third technical center in Europe. It will focus on clutch systems and control modules for automatic and manual transmissions.
The center, in Heidelberg, Germany, will employ 50 engineers and technicians initially. Chicago-based Borg-Warner Automotive supplies turbochargers, transmissions and powertrain assemblies.
KANEKA TO BUILD
HOUSTON - Kaneka Texas Corp. plans to build a plant in Jackson, Mich., to mold energy absorbing foam cores for car bumper systems. The plant will supply Honda, Saturn, General Motors, Mitsubishi and Subaru. The 70,000-square-foot plant is expected to begin production by mid-2000. The company supplies molded-bead polypropylene and polyethylene foam.
DETROIT - Freudenberg-NOK of Plymouth, Mich., has created a new business group in a move to expand its offering of automotive valve products, especially fuel-system valves, in North America.
It will be headed by John VanAlstyne, general manager for new business development. The company put the North American automotive valve market at $350 million annually. Freudenberg-NOK supplies engine, transmission and chassis seals.