D/C will expand in Kenosha
DETROIT - DaimlerChrysler will spend $624 million to modernize and expand its Kenosha Engine Plant in Kenosha, Wis. The investment includes a 500,000-square-foot addition for a new engine line. The plant produces 2.5-liter inline-four and 4.0-liter inline-six engines, and 2.7-liter V-6 engines.
Last year the automaker opened a $1.1 billion transmission plant in Kokomo, Ind., and a $930 million V-8 engine plant on Mack Avenue in Detroit. DaimlerChrysler is building a $750 million V-6 engine plant next to the V-8 factory in Detroit.
FORD BLAST SETTLEMENT
DETROIT - Ford Motor Co. will pay up to $7 million, including a $1.5 million civil fine, in a settlement reached with Michigan safety regulators investigating the Feb. 1 explosion at Ford's Rouge powerplant in Dearborn, Mich. The blast killed six workers and injured 14. Ford will spend up to $5.5 million on burn treatment research, safety programs, a union scholarship fund and state legal expenses. An accidental buildup of natural gas caused the boiler explosion, Ford and the UAW said in a joint report.
HIRSHBERG ON BOARD
LOS ANGELES - Jerry Hirshberg, president of Nissan Motor Co. Ltd.'s U.S. design subsidiary, has been named to the board of directors of Nissan North America Inc. Hirshberg is the first designer on the Nissan North America board. His goal is to 'internationalize' Nissan's design thinking. The company's home-market-dominated design thinking has been criticized as too conservative, something that Hirshberg and equity partner Renault SA intend to change.
CHICAGO - True North Communications Inc., a public holding company with annual revenues exceeding $1.2 billion, last week acquired 49 percent of Don Coleman Advertising in Southfield, Mich. Coleman has DaimlerChrysler's African-American account. Chicago-based True North's Bozell Worldwide handles advertising for Chrysler, Plymouth and Jeep brands. Executives would not reveal terms of the all-cash deal. Coleman will operate in True North's New America Strategies Group with three other minority-specialist shops.
TOKYO - Mazda Motor Corp. and Itochu Corp., the trading company that handles Mazda exports to Turkey, jointly will donate four one-ton pickups to Izmit and three other cities devastated by the recent earthquake in Turkey.