AAS buys Ellebi
DETROIT - Ellebi SpA, an Italian vehicle towing systems supplier, has been bought by Advanced Accessory Systems of the USA for an undisclosed sum. Ellebi has sales of about $25 million a year. Advanced Accessory Systems had 1997 sales of around $250 million.
Uzbek joint venture
TASHKENT, Uzbekistan - South Korea's Dongwon Metall and Daewoo have established a joint venture with Uzbekistan's Uzavtosanoat and ARZ-6 to manufacture mufflers, exhaust pipes and shock absorbers.
Timken buys ball bearing maker
BUCHAREST - US ball-bearing producer Timken has purchased 70 percent of the Romanian heavy ball-bearing maker Rulmenti Grei Ploiesti for $40 million. Timken will invest more than $23 million to upgrade the facilities.
BRATISLAVA - Slovakia's ZVL Auto has signed a cooperation agreement with Italian company FAI for joint production of tapered roller bearings.
Visteon invests in South Wales
SWANSEA, UK - Visteon will invest £22 million ($36 million) at its Swansea chassis components plant to increase exports to Ford assembly plants in North America. The expansion will add 110 jobs to the 1,100-strong work force, starting at the end of 1998.
Nanchang starts production
XIALUO, China - T&N's Chinese joint venture, Nanchang Payen Gasket Co., has started production of non-asbestos sealing products, including cylinder-head exhaust gaskets.
Echlin sells unit
BRANFORD, Connecticut - Echlin Inc. will sell its Midland-Grau heavy-duty brake operations to Swedish auto safety products manufacturer Haldex Group. Midland-Grau has manufacturing facilities in the UK, USA and Germany, with annual sales of about $330 million.
SHANGHAI, China - Delphi Harrison Thermal Systems will open a joint venture with Shanghai Automotive Air Conditioner. SAAC has 70 percent of the Chinese auto market. The partners' new plant will produce air conditioning modules and heat exchangers starting in early 1999.
UT-Hungary wants $2.4 million subsidy
GODOLLO, Hungary - UT Automotive is in dispute with the Hungarian government over subsidies for its two plants in Godollo and Gyongyos. UTA, supported by the Regional Development Ministry, says it is owed Ft500 million ($2.4 million) for creating 500 jobs last year. The Ministry of Labor has rejected UTA's application, saying it is short of funds.