December 24, 1998 |
TRW Inc., the world's largest maker of automobile air bags, agreed to buy the assets of South Korean auto parts maker Woo Jin Co. for an undisclosed amount to expand its products for South Korean auto makers. Closely held Woo Jin had 1997 sales of about $24.8 million. The company makes engineered fasteners, switches and controls for heating, ventilating and air conditioning, instrument panels and other parts, mostly for South Korea's Hyundai Motor Co.
July 30, 1998 |
TRW Inc. said Wednesday it will close more than a dozen plants and cut 7,500 jobs worldwide in a bid to reduce costs and become more competitive in the automotive parts business. The Cleveland-based maker of products for the automotive, space and defense industries--one of its major customers is General Motors Corp.--said it hopes to cut $75 million in costs and reduce capital spending by $300 million over five years.
December 18, 2006 |
WHIPLASH is one of the most common injuries resulting from automobile crashes, affecting about 1 million Americans each year. But adjusting your car's head restraint properly can minimize the risk of injury, according to a new study. Using a computer model, researchers at the Medical College of Wisconsin have shown that positioning the head restraint very close to the back of the head -- no more than 2.4 inches away from it -- provides the best protection.
December 16, 2006 |
Farmers Insurance Co. has agreed to settle a class-action lawsuit alleging that it required use of substandard metal replacement parts for crash repairs. The insurer has agreed to pay claimants $20 to $40 for each substandard part used in repairing their vehicles. Farmers also will pay $17 million to the law firms that handled the case. The suit, filed in Orange County Superior Court in 2000, covers Farmers clients who had vehicles repaired from June 15,1996, to Nov. 1, 2006.
August 22, 2000 |
In an unprecedented move for a major auto maker, Ford Motor Co. will halt production at three of its truck plants for more than a week to free up 70,000 tires for use as replacements in a recall of 6.5 million Firestone tires. The plants in St. Paul, Minn.; Edison, N.J.; and Hazelwood, Mo., will close Monday to Sept.
December 8, 2000 |
General Motors Corp., Ford Motor Co. and DaimlerChrysler said they planned to form an Internet portal to connect all the companies serving the estimated $550-billion global market for automotive parts and services. The first product for the yet-to-be-named venture will be CollisionLink, which will connect automotive dealership service centers with collision repair shops via the Internet, helping to eliminate wrong orders and cutting costs and time.
September 16, 2000 |
Congressional investigators are now focusing on whether Ford and Firestone adequately tested the tires for the Explorer sport-utility vehicle. The tires were recalled last month amid growing evidence they could fail and cause deadly rollover crashes. With hearings on the testing issue scheduled for Thursday before the House Commerce Committee, lawmakers are considering legislation to require more stringent tire testing. "We want to know who tested what, when and under what conditions," said Rep.
February 28, 2001 |
Powerful networks of computers buried in the guts of cars and trucks are increasingly making life-critical decisions on the highway, although motorists hardly realize what's going on behind the dashboard and under the hood. Vehicle electronics are advancing so rapidly that cars have become among the most sophisticated electronic products on the consumer market, built with reliability levels and safety philosophies borrowed from jetliners and nuclear power plants.
October 24, 2001 |
Automotive head restraints--often and erroneously referred to as headrests--have been an inferior part of most vehicles' safety packages for years. But the latest testing by the Insurance Institute for Highway Safety finds they've come a long, long way. The research group, funded by the insurance industry, published its first ratings of head restraints in 1995.