Valeo closes plants
PARIS - Valeo will close two of its four plants in the UK, resulting in the loss of 580 jobs.
Valeo is shutting its plant in Worksop, Derbyshire, because the wiring harnesses made there are becoming obsolete, said spokesman Simon Gillham. The Worksop site supplies wiring harnesses to Peugeot's 206.
Valeo will also close its plant in Gorseinon, near Swansea, Wales. Gillham said this followed General Motors' decision to shut its Vauxhall plant in Luton and a sharp reduction in MG Rover production at Longbridge in the English midlands. Gorseinon supplies heating and air conditioning equipment.
Sylviane de Saint-Seine
SEATTLE, Washington, USA -Cray Inc. of Seattle received an order for two of its supercomputers and a supercomputer upgrade from PSA/Peugeot-Citroen.
The purchase price was undisclosed. The supercomputers cost between $500,000 and $1.5 million (E531,500 and $1.6 million) each, according to Cray.
The French automaker uses Cray's technology for its design process and computerized crash tests.
DETROIT - Dow Automotive, an Auburn Hills, Michigan, USA, unit of Dow Chemical Co., completed its acquisition of an additional 50 percent interest in Gurit-Essex AG of Freienbach, Switzerland.
Dow already owns 50 percent interest in Gurit-Essex, a supplier of adhesives and sealants for original equipment and aftermarket applications.
DETROIT - Hella North America will begin production of headlamps at its $20 million (E21.3 million) plant in York, South Carolina, in 2002.
The 10,800-square-meter plant will make fully recyclable headlamps.
Annual headlamp production at the plant is expected to reach 1.5 million units. It will supply products to Daimler-Chrysler and the aftermarket.
Hella North America is a unit of Hella KG Hueck & Co of Lippstadt, Germany.