Lord cuts MR product price
Lord Corp. has cut the price of its controllable magnetorheological shock absorber by 30 percent, to $210.
Higher volumes of business in the product line made the cut possible, Lord said.
Delphi Automotive Systems Corp. is the first high-volume shock supplier to incorporate MR technology into its products. Its MagneRide shocks, featuring a controllable shock asbsorber it co-developed with Lord, are on the 2002 Cadillac Seville.
Earnings fall on added options
Car makers and automotive suppliers added $5,300 worth of features and options per car over the last decade, but recouped only $4,200 of that through price increases, according to a new report.
Consumers got $1,100 worth of free content on their vehicles, while auto makers' earnings, stock prices and return on capital fell, the study by the Center for Automotive Research at the Environmental Research Institute of Michigan and consultancy Accenture found.
Auto makers' return on assets were static at about 3 percent during the economic boom while suppliers' ROA slipped from 8.5 percent between 1995 and 1997 to 5.7 percent between 1998 and 2000.
Tread rubber shipments improving
Demand for tread rubber will continue an improvement begun in the second half of last year during 2002 and 2003, according to the Rubber Manufacturers Association.
Shipments of the product used for retreads should rise 2 percent this year and in 2003, after falling 5.1 percent for all of 2001, the RMA's Tread Rubber Market Analysis Committee forecast. Last year more than 20 million retreaded tires, worth in excess of $1.5 billion, were sold in the U.S.
ASTM gets new name
The American Society for Testing and Materials has changed its name to ASTM International.
The move demonstrates the openness of the ASTM standards development process to a worldwide scope as well as reflecting the global application and use of ASTM standards, according to the organization. About 40 percent of current ASTM standards distributed go outside the U.S.
Bayer buys Lyondell ADI assets
Bayer Corp. has acquired for an undisclosed sum a portion of Lyondell Chemical Co.'s aliphatic diisocyanates assets, including its remaining Luxate product inventories and intellectual properties.
Lyondell's ADI business includes hexamethylene diisocyanate, isophorone diisocyanate and aliphatic polyisocyanates. The products are used to make polyurethane coatings for industrial, automotive and home appliance applications. Lyondell in September said it would leave the business and close its ADI facilities in Lake Charles, La.
The Pep Boys-Manny, Moe & Jack automotive retail chain has named Cooper Tire & Rubber Co. its primary tire supplier, and will get almost all its tires from the tire maker...Imerys Pigments and Additives Group said it will raise prices of its North American ground calcium carbonate products 3 to 8 percent on Feb. 1...Michelin Aircraft Tire Corp. will supply nose and main gear tires to Advanced Aerodynamics & Structures Inc. for its new Jetcruzer 500 aircraft...BarrierMed Inc. will donate about 100 cases of latex-free surgical and examination gloves to hospitals and medical centers that serve needy children overseas.