The top stories from Automotive News Europe's August 16, 1999, issue -- and how they developed.
Faurecia wins GM seat deal
Faurecia edges out North American rivals Lear Corp. and Johnson Controls Inc. to win a E507 million General Motors seat contract. The French supplier aims to supply seats for GM's next-generation mid-sized cars, including the Opel Vectra, Chevrolet Malibu and Pontiac Grand Am. In the past, GM had been one of Faurecia's smallest customers, accounting for 2.3 percent of the supplier's worldwide sales.
Diesels about to boom
After four years of stagnation, sales of diesel-powered cars in western Europe are about to boom. Sales are expected to reach 4.7 million units in 2003 and represent 33 percent of the market, up from 3.5 million units in 1998 and less than 25 percent of the market, according to UK-based researcher Automotive Industry Data.