This Week:

• The 575 M Maranello: the new Ferrari GT
  .
• All-New Ford Crosstrainer Will Be Key To Product-Led Transformation
  .
• Toyota Blends Style And Ruggedness With Tundra Stepside Concept At 2002 Chicago Auto Show
  .
• HUMMER Announces The 10th Anniversary H1
  .
• Mercury Marauder Returns To Chicago As A Convertible Concept
  .
• DaimlerChrysler and Behr Sign Agreement for Sale of Dayton Thermal Products
  .
• Vorsprung on the Internet
  .
• BMW Group Starts 2002 Successfully New Records set in January
  .
• Chrysler Group's Road In 21st Century Paved with Commitment to Building Value, Integrity and Reinvigorated Sense of Ethics
  .
• Valeo announces closure of Grand Prairie, Texas, site and Zexel Valeo Compressor USA announces closure of Decatur, Illinois, site
  .

© 1998 - 2002 Copyright & 
Disclaimer
Automotive Intelligence,
www.autointell.com
All Rights Reserved .
For questions please contact
editor@autointell.com  

News of  February 13, 2002

DaimlerChrysler and Behr Sign Agreement for Sale of Dayton Thermal Products

• After two-year joint venture transition, Behr assumes full ownership
• Behr achieves a breakthrough in the key American passenger vehicle market
• Plans to expand line of products manufactured at Dayton

Auburn Hills/Stuttgart - Chrysler Group signed an agreement with Behr America, Inc., based in Troy, Michigan, to sell its Dayton Thermal Products (DTP) component operation in Dayton, Ohio. Behr will assume operational responsibility while Chrysler Group will maintain a minority interest for two years to assist in the transition. Over the next three to five years, Behr plans to expand the portfolio of products manufactured in the Dayton facility.

"The acquisition of Dayton Thermal is a significant milestone in our company history," explained Horst Geidel, Chairman of the Board of Behr America, Inc. and Chief Executive Officer of Behr GmbH & Co. "With DTP, we will exceed a market share of 10 percent for climate control and engine cooling products in the U.S. Thanks to our increased global presence, this new plant in the Behr network will also strengthen our position in competition for new customers."

As a result of the DTP joint venture, Chrysler Group will retain a minority ownership for the first two years. Behr will have operational responsibility for the facility while Chrysler Group will continue to work with Behr to assure the successful transition of the business over the two-year time frame. After that time, Behr will assume full ownership.

DTP, with its sales volume of roughly US$ 600 million (approximately EUR 660 million), will immediately increase Behr's total Group sales of US$ 2.0 billion in 2001 (2001: approximately EUR 2.2 billion) by 30 percent. The approximately 2,000 Dayton staff will bring the number of Behr employees in the U.S. to 3,000, and the total in the Behr Group will increase from 13,700 to 15,700.

The transaction is expected to close prior to March 31, 2002, and is subject to receiving all required governmental approvals.

(Feb 11, 2002)

[Homepage] [ News] [ Companies] [ Management] [ Publications] [ Events] [ Careers]
[Services] [Discussion] [ Guestbook] [ Search]