Dana buys Nakata
TOLEDO, Ohio - Dana Corp. has acquired 98 percent of Sao Paulo-based Nakata SA Industria e Commercio. Nakata had 1997 sales of $110 million from suspension components and shock absorbers, including its suspension parts subsidiary in Argentina.
Manuli up 13%
MILAN - Manuli Rubber Industries SpA said 1997 net profits increased 13.7 percent to L43 billion ($24 million) on sales that were up 15.9 percent to L443 billion. The company also declared first quarter sales up 21 percent to L130 billion, compared with a year earlier.
Tenneco earnings improve 11%
GREENWICH, Connecticut - Tenneco Automotive reported first-quarter operating income of $89 million, up 11 percent on the same period last year. Sales were up 3 percent to $800 million.
TRW's automotive profits fall
CLEVELAND, Ohio - TRW's first-quarter automotive operating profit fell 12 percent to $147 million, compared with the same period in 1997. Sales rose 5 percent to $1.9 billion. Sales at parent group TRW Inc. were up 16 percent to a record $3.1 billion.
Lear's European sales rise
DETROIT - Lear Corp.'s first-quarter net income rose 12.9 percent to $47.3 million on sales that were up 18 percent to $2.0 billion. Eighty percent of the increase in sales came from outside North America. Sales from European operations rose 50 percent to $630 million.
Lotus gets QS-9000
HETHEL, UK - Group Lotus has been awarded the QS-9000 quality certificate.
Bosal builds new exhaust facility
EBBW VALE, UK - Exhaust systems manufacturer Bosal Industries will build a $9 million plant here to replace a smaller factory at nearby Tredegar. Capacity will rise by about 35 percent.
GM honors Bundy
OXFORD, UK - Automotive fluid carrying specialist Bundy has won a GM Supplier of the Year award for global performance on quality, service and price. Bundy is one of TI Group's four main engineering businesses.
Bruckner & Fodor new Hungary plant
BUDAPEST - US partsmaker Bruckner & Fodor will build a 2,400-square-meter plant to manufacture exhaust systems, cataly-tic converters and injection systems in the Kunszentmiklos Industrial Park, 60km south of Budapest. The company will invest $4.7 million over the next two years and create about 200 jobs. Three-quarters of output will be exported from Hungary.