D/C sells stake
DaimlerChrysler sold its remaining 40 percent stake in Conti Temic Microelectronic to Continental for E215.3 million.
The sale makes Continental the sole owner of Conti Temic, as originally planned.
In April 2001, Continental acquired a 60 percent stake in Conti Temic for E398 million, and took over management.
Conti Temic is part of a new automotive electronics division at the German tire and auto components group. Conti Temic produces sensors; electric motors; and electronics for engine management, chassis and comfort systems.
Faurecia will acquire 49 percent of South Korean exhaust systems company Daeki Industrial to expand in Asia.
Faurecia already operates three plants in China, supplying exhaust systems to the Volkswagen group and PSA/Peugeot-Citroen.
Financial terms were not disclosed, but the French supplier said it holds an option to increase its stake in Daeki to 51 percent.
Daeki specializes in catalytic converters and mainly supplies Hyundai and Kia. Daeki posted revenue of E140 million in 2001.
Dürr wins VW deal
VW group awarded Dürr of Stuttgart a contract worth more than E42.5 million. Major portions relate to parts for VW's new compact minivan, and to final assembly of the new Bentley range.
Dürr will supply a body-conveying system for the compact minivan's body construction line at Wolfsburg, Germany. Dürr's paint systems unit will modernize the top-coat line, supply a new dip painting line and extra paint robots.
Dürr will also supply different transport systems, including end-of-line filling systems for air conditioners, steering and radiators, for the assembly of the new generation of Bentley models in Crewe, England.
Fog lamp design
Visteon's Autopal Lighting Technical Center in Novy Jicin, Czech Republic, developed new software to design a complex reflector system for fog lamps for the new Seat Ibiza.
The system was developed to optimize drivers' visibility at night, particularly in bad weather.
The fog lamps incorporate halogen bulbs and a clear glass lens. Visteon makes the fog lamps and the rear reflex at its Rychvald plant, near Novy Jicin.