The top stories from Automotive News Europe's January 1, 2001, issue -- and how they developed.
Visteon won't buy Marelli
Visteon has ended negotiations to buy key parts of Italian supplier Magneti Marelli from the Fiat group. Talks stopped due to Visteon's financial problems and inability of the two sides to agree on price. Fiat plans to sell units of its wholly owned supplier division piece-by-piece.
Fiat sold Marelli's air conditioning division to Denso in March 2001. The electronic division was sold to Mekfin in April 2002 and the aftermarket division went to Concordia Finance, a joint venture set up by RGZ, Interbanca and Fiat in March 2002. In November 2002, Fiat decided to invest in Marelli's remaining business units.
Focus will share platform
Ford Motor Co.'s redesigned Focus platform also will be used for future Mazda and Volvo models. The first vehicle off the platform, due in 2003, will be the Focus multi-activity vehicle.
Walter Hayes dies
Longtime Ford Motor Vice President Walter Hayes died on December 26, 2000, Hayes, who also served as Aston Martin chairman, was 76.