Breed downsizes in Italy
LAKELAND, USA - Breed Technologies plans to downsize some operations in Italy. Since Breed purchased AlliedSignal Automotive's safety products division, it has been consolidating operations. Breed began in the USA, announcing the closure of its seatbelt plant in Michigan. That production will move to Mexico and Alabama, USA. Breed plans to cut costs by $800 million over five years.
Kolbenschmidt profits up
STUTTGART, Germany - Parts maker Kolbenschmidt AG announced pretax profit up 6.0 percent to DM55 million ($31 million) for the year to 30 September. Sales were up 5.6 percent to DM1.4 billion. Kolbenschmidt is a subsidiary of Rheinmetall AG.
Reuters News Service
New Delphi facility
GOTHENBURG, Sweden - Delphi Packard Electric Systems has opened a customizing and distribution facility in Volvo's Arendal industrial park near Gothenburg. The facility will supply wiring harnesses in production-line sequence to Volvo's assembly line beginning in January.
LucasVarity buys Brazilian maker
SAO PAULO, Brazil - LucasVarity has bought a controlling stake in Freios Varga, the last major Brazilian-owned parts maker. LucasVarity has held a 34 percent stake since 1972. It now owns 66 percent. Freios Varga's 1996 sales were $277 million. The company has five plants in Brazil.
Ventra - Lunke
WITTEN, Germany - Canadian parts maker Ventra Group Inc. has bought 50 percent of Lunke & Sohn AG for an undisclosed sum. The Lunke group makes gear modules for the Mercedes-Benz A-class, and door and hood hinges for the Porsche Boxster. The group has 12 plants in Germany, Spain, Mexico, Brazil and China.
EASi-Crash to Ford
ALZENAU, Germany - EASi Engineering GmbH has licensed its EASi-Crash crash-simulation software to Ford. The carmaker will customize the program before autumn 1998 to work with another crash program it already uses, called Radioss. Ford wants design engineers to perform their own preliminary analyses of how components perform in a crash.
Autocraft Industries buys Lincs
GRANTHAM, UK - Autocraft Industries Inc., a US transmission remanufacturer, has bought UK-based South East Lincs Engineering, which remanufactures diesel and gasoline engines. Terms of the deal were not disclosed. South East Lincs will begin supplying reworked transmissions and electronics to European carmakers, and Autocraft will begin remanufacturing engines in the USA.