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Yokohama Wins Right to Block Patent Infringing Tire Sales in Japan

Yokohama Rubber has won the right to prevent a particular tire that bears more than a passing resemblance to its DNA S.drive high-performance tire from being sold in Japan. On Jan. 18 the Tokyo Customs Office accepted Yokohama’s application for an import injunction against the tires on the basis that these products infringed Yokohama Rubber’s

Tata to Seal Jaguar, Land Rover Deal Next Week

From AFX News Limited CHICAGO — India’s Tata Motors will announce its purchase of luxury British brands Jaguar and Land Rover from struggling U.S. automaker Ford Motor Co. on March 5 or 6, industry press reported on Monday. Tata and Ford met with British union leaders last week to resolve final details before drawing up

Visteon Announces Fourth Quarter and Full-Year 2007 Results

Visteon has announced fourth quarter and full-year 2007 results. For fourth quarter 2007, Visteon reported a net loss of $43 million, or 33 cents per share, on sales from continuing operations of $2.9 billion. The fourth quarter net loss includes $30 million of non-cash asset impairments and $32 million of restructuring expenses that were not eligible for reimbursement from the escrow account. For fourth quarter 2006, Visteon reported a net loss of $39 million on sales from continuing operations of $2.8 billion. EBIT-R, as defined below, for fourth quarter 2007 was $15 million, an improvement of $52 million over the same period of 2006.

Lear Establishes Global Operating Structure for its Seating, Electrical and Electronic Businesses

SOUTHFIELD, MI — Lear Corp. has announced it is establishing a global operating structure for its two business groups. In conjunction, Louis Salvatore has been appointed president, Global Seating Systems, and Raymond Scott has been named president, Global Electrical and Electronic Systems. In their new roles, Salvatore and Scott will continue to report to Lear

GM Posts Biggest Annual U.S. Auto Loss

From AFX News Limited DETROIT — General Motors Corp. reported a $38.7 billion loss for 2007 on Tuesday, the largest annual loss ever for an automotive company, and said it is making a new round of buyback offers to U.S. hourly workers in hopes of replacing some of them with lower-paid help. The earnings report

DENSO Announces Third Quarter Financial Results

DENSO has announced global financial results for the third quarter ended Dec. 31, 2007. The company reported consolidated net sales of $9 billion, a 10.9 percent increase from the previous year. Consolidated operating income totaled $909.6 million, a 16.9 percent increase from the previous year. Consolidated net income totaled $644.3 million, a 19.5 percent increase from the previous year.

ITW Permatex Acquires South American Adhesives and Sealants Manufacturer

ITW Permatex has acquired Anaerobicos S.A., a privately owned maker of adhesives and sealants headquartered in Buenos Aires, Argentina. Anaerobicos has been manufacturing silicones, cyanoacrylates, anaerobics, adhesives and other sealants since 1972. Anaerobicos S.A. operates two industrial plants, a raw materials production facility in San Luis, Argentina, and a headquarters and manufacturing facility in San Martin, Buenos Aires, province. The Buenos Aires plant also houses the company’s central offices, state-of-the-art R&D laboratory and collapsible aluminum tubes manufacturing. The company employs more than 185 people in Argentina and Brazil.

Survey Finds Automaker’s U.S. Jobs and Investments Influence Car-Buying Decisions

Three out of four Americans care about where the cars they buy are assembled, where auto parts are made and how many jobs each automaker supports. A national survey of 715 likely car buyers found that 79 percent of Americans are more likely to purchase a car if the manufacturer is based in the United States, while 74 percent say they are more likely to buy a car if the company producing it employs significantly more U.S. workers than its competitors. Seventy-eight percent of those polled said they pay at least "some" attention to where the parts of an automobile are made.

Visiocorp Names Global Account Director, North America

MARYSVILLE, MI — Visiocorp USA, Inc., a manufacturer of car and light truck mirrors, has announced that Jeff McQueen has joined the company’s Detroit sales office as the global account director – North America, with global responsibility for the commercial business of Chrysler, Ford and General Motors. He is the local contact for all sales

Executive Interview with Nancy McLean, Director of Marketing for ACDelco GM Service and Parts Operations

Nancy McLean is director of ACDelco Marketing for GM Service and Parts Operations (SPO). Read on as McLean shares with aftermarketNews the details of the new ACDelco 360 initiative and other marketing initiatives and plans for the new year.