Cooper-Standard Automotive Acquires Stake in Guyoung Technology
Cooper-Standard Automotive has acquired a 20 percent equity interest in Guyoung Technology Co., Ltd. Guyoung supplies metal stamped products to Korean vehicle manufacturers and currently provides Cooper-Standard with stampings for NVH components such as control arms and links. Cooper-Standard established a technical agreement with Guyoung for the development of suspension components in June 2004. Under the new agreement, Cooper-Standard and Guyoung will cooperate in supplying stampings and NVH components to OEM manufacturers worldwide.
Rapid Growth Still Projected for China’s Motor Vehicle Industry
Although China’s automotive industry has experienced its fastest pace of growth in the past five years, rapid growth is still expected for the industry in the coming five years from 2006 to 2010. The next five years are likely to see breakthroughs in industrial structuring, research and development (R&D), environmental protection, standard making and exports.
KIA Considers Building Larger Assembly Plant in U.S.
Kia Motors, South Korea’s No. 2 automaker, is considering building a bigger factory in the U.S. than the one it previously planned in terms of production capacity, an industry journal reported last week. Kia previously planned to build an assembly plant with 1,500 workers, but the expanded plan involved 2,000 to 2,500 workers, Automotive News reported on its Web site, citing three unnamed officials familiar with the project.
Delphi Bankruptcy Likely to Help South Korean Auto Part Exports
The move by Delphi Corp., the biggest auto parts maker in the U.S., to file for bankruptcy is expected to have a positive effect on South Korea’s auto part exports, a state-run think tank said Thursday.
Cross-Over Business Flourishes at 2005 SEMA Show
Attendees will have the opportunity to discover and develop new products and services for their businesses at the 2005 SEMA Show. Peter MacGillivray, SEMA vice president of marketing and communications, said attendees conducting business at the show often focus on their primary product lines, but they soon realize there’s potential to offer their customers much more.
Hardware Supplier Expands Offerings to Automotive Industry
CLC provides retailers with a line of high-performance gloves and soft-sided storage accessories for incremental impulse sales.
CLC Expands Offerings to Automotive Industry
CLC provides retailers with the first line of high performance gloves and soft-sided storage accessories for incremental impulse sales.
Akebono to Acquire Delphi’s Stake in U.S. Joint Venture
Akebono Brake Industry Co. said Tuesday that it will acquire on Sept. 30 Delphi Corp.’s stake in Ambrake Corp., a 50-50 joint venture, and turn it into a wholly owned subsidiary. The aim of the transaction is to “reorganize and strengthen our North American operations,” according to a company spokesperson.
Executive Interview with Michael Scheiven, Director, Aftermarket Channel, Philips Automotive Lighting North America
Our latest Executive Interview features Michael Scheiven, director, Aftermarket Channel, Philips Automotive Lighting North America. Just about two years ago, Scheiven joined Philips after a long and successful career with General Motors (GM). Scheiven spent 19 years at GM, serving as director of AC Delco Aftermarket Operations with General Motors Brazil, International Marketing Manager with GM Service Parts Operations US, Commercial Director for GM Service Parts Operations-Mexico and South America Sales Manager for General Motors Corp. It was precisely this background that led Philips to recruit Scheiven, as the company sought to revitalitize its aftermarket business. Scheiven recently spoke with aftermarketNews.com about Philips’ Automotive Lighting business and the changes in this market segment.
Cooper Standard Auto Opens Facility in China
Cooper Standard Automotive, a global supplier of automotive components, has begun operations in Kunshan, China, for the manufacture and sales of automotive noise, vibration and harshness (NVH) control systems. The company will soon break ground for an expanded manufacturing, research and development facility in the city.