Mostostal to build Opel assembly halls
GLIWICE, Poland - Polish construction company Mostostal Zabrze will build the assembly halls at Opel's new $310 million Gliwice plant. The contract is worth $51 million.
Rieter opens trim plant in Argentina
CORDOBA, Argentina - Rieter Holding AG of Switzerland has opened a plant in Cordoba, Argentina, to supply interior trim to Fiat SpA and other customers. Rieter last year bought Fimit SpA of Turin, a leading Fiat supplier of noise-control components.
GM contracts with Motorola
LUTON, UK - Opel and Vauxhall cars will offer a global positioning system and mobile assistance service called Onstar beginning this fall. Motorola's Automotive and Industrial Electronics Group will also supply Onstar components to General Motors vehicles in North America. The Onstar system in North America is currently manufactured jointly by GM, its subsidiary Delco Electronics Corp. and Hughes Electronics.
Tomkins bids for wipermaker Stant
LONDON - UK conglomerate Tomkins plc has made a $600 million bid for US-based Stant Corp. Stant, of Richmond, Virginia, makes auto parts and tools, including windshield wiper assemblies. The company made an operating profit of $57 million on sales of $657 million last year. Stant recently acquired Trico, which has two plants in the US, and one each in Mexico, Argentina, Australia and the UK.
Aeroquip-Vickers sells plant
MAUMEE, Ohio - Aeroquip-Vickers Inc. sold its Aeroquip automotive interior plastics operation in Kendallville, Indiana, to LDM Technologies, of Auburn Hills, Michigan. The plant makes instrument panel air vent assemblies for passenger car, light truck and van applications. Sales were approximately $14 million last year.
Donnelly supplies overhead lights
HOLLAND, Michigan - Donnelly Corp. has won a $200 million contract from an unnamed manufacturer of a future European luxury vehicle. Donnelly will supply auto-dimming interior mirrors and overhead trim components including rear reading lamps. In April 1998, Donnelly will begin producing overhead consoles, rear reading lamps and interior mirrors for the vehicle.
Ecia improves results
PARIS - Ecia, the components subsidiary of PSA/Peugeot-Citroen, made a 1996 net profit of FF364 million ($63 million), up 11 percent from 1995. Automotive division sales rose 8 percent to FF8.1 billion.