Delphi to supply Daewoo in Poland
WARSAW - Delphi has won a contract to supply complete thermal management systems for Daewoo Motor Polska Corp., the Korean automaker's operation in Poland. The design and manufacture of the powertrain cooling and climate control systems will be done by Delphi Harrison Thermal Systems, part of Delphi's safety, thermal and electrical architecture division. Delphi will begin supplying complete systems in June 2000 for the LD-100, a Daewoo truck platform that has several vehicle applications.
Mahle increases presence in Japan
TOKYO - Mahle GmbH will boost its stake in Japanese engine piston maker Izumi Industries Ltd. to 33.16 percent to become its biggest shareholder. Stuttgart-based Mahle currently holds a 28.62 percent share in Izumi Industries, matching the stake owned by Tokyo Izumi Co. Izumi Industries had agreed earlier that Mahle would become its top shareholder by 2001. The plan has been brought forward.
Nichirin to set up Manchester base
LONDON - Nichirin UK, a subsidiary of Japanese auto parts maker Nichirin Co., will invest £2.8 million (euro 4.3 million) to build a headquarters for its European operations in Manchester, England. The Invest in Britain Bureau said the headquarters will be built on 4,000-square-meter premises to manufacture hoses for brakes, air conditioning and power steering systems. It will be Nichirin's first manufacturing presence in Europe.
Autoliv looks to expand in Russia
STOCKHOLM - Swedish safety systems supplier Autoliv Inc. has signed a memorandum of understanding to acquire approximately 50 percent of the shares in Russian seat belt supplier Norma AS. 'We are interested in expanding our seat belt business in eastern Europe. Norma, which has a long-standing relationship with the Russian car industry, offers such an opportunity,' said Autoliv President and Chief Executive Lars Westerberg. A definitive agreement is expected to be finalized with Norma's parent company, Estonian Norma Group AS, in the autumn.
Lear takes over Donnelly JV
DETROIT - Automotive interiors giant Lear Corp. is buying out Donnelly Corp.'s 50 percent stake in the two companies' joint venture. The venture - Lear-Donnelly Overhead Systems LLC - makes headliners, sun visors, lighting and overhead consoles. The companies formed the partnership in 1997, but Donnelly, of Holland, Michigan, USA, has decided to focus on core products such as glass and mirrors. The acquisition will help Lear, of Southfield, Michigan, market complete interior systems. Terms were not released.