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Hot Off the Press
U.S. Light-Vehicle Sales
to Continue Strong Pace in March
Tuesday, March 12, 2002
U.S. light-vehicle sales are expected to continue their strong pace in March, according to a forecast by Ward’s Communications, a provider of auto-industry information. The forecast calls for March sales to reach a seasonally adjusted annual rate of 16.56 million units, about the same as the 16.63 million rate in February, and slightly below the March 2001 rate of 16.83 million units. Actual unit volume for March is forecast at 1.53 million units, according to Ward’s, one percent lower than the daily selling rate from a year ago. If the forecast holds, the first-quarter 2002 should end with a seasonally adjusted annual rate that provides the third best start for any year on record.
“The generally better economic news bodes well for auto sales, as do the pumped up North American vehicle-production schedules for April and May in the face of still-rising import penetrations,” said Haig Stoddard, Ward’s manager of industry analysis.
Benteler Automotive Opens Tech Center
in Auburn Hills
Monday, March 11, 2002
Benteler Automotive has opened an 80,000-square-foot technology center at its North American headquarters in Auburn Hills, MI. Benteler is a Tier One supplier of automotive components, modules and systems via a variety of metalforming processes. Products include chassis components and modules, safety and structural products, exhaust systems, and tubular components and systems. The company is a unit of Benteler AG, headquartered in Paderborn, Germany. For more, visit www.benteler.com
Spinner on the Web
Friday, March 08, 2002
Indianapolis Metal Spinning has launched its website at www.imspinning.com
, to promote its services worldwide. The firm supplies parts to the cryogenics and medical industries, operating a 50,000-sq.-ft. facility.