Dana will sell its aftermarket parts unit in Europe
TOLEDO, Ohio - Dana Corp. plans to sell its Quinton Hazell Group, a manufacturer and distributor of automotive aftermarket components in Europe.
The Toledo-based drivetrain and chassis components supplier plans the divestiture as part of its effort to focus on its core businesses and their supporting technologies, the company said. Dana's Quinton Hazell unit is headquartered in Nuneaton, England, operates 14 plants in nine countries and had sales last year of $275 million.
PERCEPTRON GETS ORDER
DETROIT - Perceptron Inc. of Plymouth, Mich., received an order from a Japanese automaker for its Web-based systems that measure the smoothness, shininess and clarity of a vehicle's paint finish.
The order was worth more than $1 million in sales. Perceptron will install these systems in three of the automaker's Japanese plants by July 2001.
VISTEON MOVES N.Y. GROUP
DETROIT - Visteon Corp. of Dearborn, Mich., will relocate and expand its aftermarket climate control assembly operation near Buffalo, N.Y. The operation, part of Visteon Climate Control Systems Ltd., will move from Cheektowaga, N.Y., to a 255,000-square-foot leased building in West Seneca, N.Y., by June 2001.
The facility will provide 85,000 additional square feet of assembly and warehouse space to accommodate additional product lines. During the next several years, Visteon plans to invest $5 million in new facilities, machinery, tools and equipment to maintain the growing aftermarket climate control business. Sales in that area have doubled since Visteon acquired the former ARS Inc. two years ago.
ARM PLANS NEW CENTER
DETROIT - ArvinMeritor Inc. of Troy, Mich., is building a new light-vehicle systems manufacturing and technical center in Detroit.
The 150,000-square-foot complex will employ about 400 people. Construction on the 10-acre site is expected to be complete by mid-2001.
DURA ACQUIRES REICHE
DETROIT - Dura Automotive Systems Inc. of Rochester Hills, Mich., acquired Reiche GmbH & Co. KG Automotive Components from Reiche GmbH & Co. KG Management Verwaltungs-und Beteilingungsgesellschaft.
Dura assumed the supplier's $4 million in debt, and will pay $16 million through the end of 2003.
Reiche, of Lage, Germany, makes steering columns and steering column components. General Motors and Opel accounted for about 83 percent of the supplier's 1999 sales of about $59 million.
DCX, CATERPILLAR JOIN FORCES
PEORIA, Ill. - Caterpillar Inc. and the commercial vehicle division of DaimlerChrysler AG will form a 50-50 global alliance to develop medium-duty engines, fuel systems and other powertrain components.
The companies plan to create joint ventures that will supply parts to DaimlerChrysler, Caterpillar and other companies. The automaker and the Peoria, Ill., heavy-equipment manufacturer also will work together on research and engineering projects focusing on combustion technology, electronics and exhaust systems. Their purchasing activities also will be combined.
MSX ACQUIRES RADIAL PACIFIC
DETROIT - MSX International Inc. of Auburn Hills, Mich., acquired engineering and design supplier Radial Pacific Pty. Ltd. of Melbourne, Australia.
Radial Pacific, with 1999 sales of $3.7 million, developed the aXcess 2, a hybrid electric concept car that was first shown in Australia in June. Terms of the deal were not disclosed.
VALEO MAKES INVESTMENTS
PARIS - Valeo Ventures, the technology subsidiary of Valeo SA of Paris, will acquire a 15 percent stake in computer-aided design system supplier TTS, also of Paris.
The decision is part of the announcement Valeo made in January, to set aside $86.1 million to invest in technology-oriented companies.
As part of this plan, Valeo in April invested in European supplier Parrot Systems, which specializes in voice recognition electronics for vehicle mobile telephone applications.
DELPHI LAYS OFF 100
DETROIT - Delphi Automotive Systems Corp. of Troy, Mich., laid off 100 hourly workers from its Saginaw Steering Systems plant in Saginaw, Mich.
The decision was made because of volume reductions on several of its customers' programs.
The Saginaw plant manufactures steering components for cars and light- and medium-duty trucks.
FEDERAL-MOGUL WINS ORDER
DETROIT - Federal-Mogul Corp. of Southfield, Mich., received a three-year, $60 million contract to supply Parts Plus of Memphis, Tenn., with its Moog-brand chassis replacement parts.
Parts Plus is an association of parts warehouses and retail and repair shops.
DANA WINS AWARD
TOLEDO, Ohio - Dana Corp.'s Spicer Driveshaft division in January 2001, will receive the 2000 Malcolm Baldrige National Quality Award for manufacturing. The Baldrige award was established by Congress to promote awareness of performance excellence, recognize quality and business achievements of U.S. companies, and publicize successful business excellence strategies.