Delphi signs Aussie deal
LOCKPORT, N.Y. - Auto air conditioning products designed by Delphi Automotive Systems Corp. will be made in Australia for the first time. Delphi's Harrison Thermal Systems has signed a license agreement with Tripac International allowing Tripac to build and sell heat-exchange components based on Delphi technology. Delphi has been exporting components there from its international operations. Tripac, of Fort Worth, Texas, will make Delphi-based condensers and evaporators at its subsidiary in Sydney.
JUDGE SPURNS BLUEOVAL
DETROIT - Ford Motor Co. has won the latest round of its court battle against blueovalnews.com, an Internet news site. A federal District Court judge last week threw out a suit filed by the site's publisher, Robert Lane, alleging Ford violated antitrust laws by not pursuing, along with other automakers, emissions and fuel-economy technology. Ford still is appealing last year's decision by the same judge allowing blueovalnews.com to publish stories based on internal company documents acquired by Lane.
UNITED BOUNCES BACK
NEW YORK - UnitedAuto Group reported a net profit of $5.9 million in the fourth quarter, vs. a loss of $18.3 million in the corresponding period a year earlier. For all of 1999, UnitedAuto had net income of $27.5 million, vs. a net loss of $797,000 in 1998. In the year-ago quarter, the company posted big one-time losses to cover warranty costs and costs related to closing its captive finance company. Through an affiliate, Penske Capital Partners of New York, UnitedAuto Chairman Roger Penske took management control of UnitedAuto last year in a deal worth a total of $145.5 million.