Fasteners supplier Finnveden Bulten has won a contract worth E16.5 million a year from Nissan.
Currently, fasteners are supplied to Nissan's plants in Europe from Japan. Beginning later this year, they will successively be replaced by deliveries from Finnveden Bulten.
Finnveden Bulten is a unit of Sweden's Finnveden. The parent company, which also produces powertrain and sheet metal components, employs 3,500 and has annual sales of E485 million.
Edscha D/C deal
Edscha of Remscheid, Germany, won an order for its convertible car-roof system from DaimlerChrysler worth E210 million.
Edscha will develop and produce the roof for Chrysler's PT Cruiser Convertible, which is due on sale next year.
Tenneco Automotive will supply its thin-wall substrate catalytic converter for the new flagship XJ sedan.
The substrate in the converter has a larger surface area to treat a great volume of exhaust gas and reduce emissions. The converters are made in Ligonier, Indiana, USA.
Webasto is building an 1,800-square-meter plant in Lexington, Kentucky, USA, its second in the region.
The plant will build glass sunroof systems for a variety of automakers.
Webasto is spending $28 million (E31.8 million) on the plant, which is expected to create about 200 jobs. It will initially have two assembly lines but could be expanded to eight lines.
Webasto customers include Ford, General Motors, Daimler-Chrysler, Mazda and Toyota. The company is headquartered in Stockdorf, Germany.
BMW has signed Westport Technologies of Vancouver, British Columbia, Canada, to develop hydrogen-fueled engines.
Westport, which already manufactures natural-gas injectors, will provide its prototype hydrogen fuel injectors and engineering support to BMW for testing.
Terms of the deal were not disclosed, but BMW will pay the costs.
The contract expires in 2003.