Thursday, April 05, 2007

Spring Hill Saturn plant will produce new vehicle

Friday, March 30, 2007
Auto briefs
Spring Hill Saturn plant will produce new vehicle

General Motors Corp . told employees at a Spring Hill, Tenn., plant that the factory will get a new product to replace two Saturn models whose production ends today. The employees were informed of the change in a routine meeting Thursday, GM spokesman Dan Flores said in an interview.

Dana Corp. will sell hose, tubing business

TOLEDO, Ohio -- Dana Corp . agreed to sell its fluid-products hose and tubing business, including a facility in Rochester Hills, for $70 million to a Turkish firm as it sheds operations while under bankruptcy protection.

Shanghai Auto doubles its 4th-quarter profits

SHANGHAI, China -- Shanghai Automotive Co . more than doubled its fourth-quarter profit after it bought stakes in General Motors Corp . and Volkswagen AG ventures. Net income rose to 595 million yuan ($80 million) in the three months ended Dec. 31 Shanghai bought 19.1 billion yuan of assets from its parent including stakes in ventures with GM and Volkswagen.

Detroit News wire reports.

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