Magna wins door assembly contract

Article Abstract:

Magna International Inc. receives an $85-million worth contract to supply complete door assemblies for the Smart car of Daimler-Benz. The interior parts and plastic exterior of the three-door Smart car will be put together by Magna. Daimler and Societe Suisse Microelectronique et de l'Horlogerie SA of Switzerland, the Swatch watch-maker, have formed a joint venture for the manufacture of the Smart car. Graham Orr, Magna's executive vice president of corporate development, said the deal is deemed the first complete door assembly granted by an automaker to an outside supplier.

Comment:

Receives an $85-million worth contract to supply complete door assemblies for the Smart car of Daimler-Benz, Germany

Foreign operations, Germany, Capital expenditures, New orders received, Automobiles, Automobile Manufacturing, Auto Parts ex Rebuilt NEC, All Other Motor Vehicle Parts Manufacturing, Automotive parts, Magna International Inc., Daimler-Benz AG

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Honda moves full speed into N. Amercian truck market

Article Abstract:

Honda Motor Co. Ltd. of Japan has begun manufacturing its Odyssey minivans in Canada and is planning for production of sport utility vehicles eventually as minivan production reaches its peak capacity at 120,000 units annually. The planned SUV, which would be called MAV, will be of the same size as Toyota's Lexus RX300. Honda's entry into the truck business in North America would raise the stakes of Japanese auto makers against the Big Three US auto makers, which have dominated the market with around 87% of the Canadian truck market.

Comment:

Begins manufacturing minivans in Canada & is planning for production of sport utility vehicles eventually

Product information, Light Truck and Utility Vehicle Manufacturing, Minivans, Honda Motor Company Ltd.

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