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Companies Application Automotive / Transport

FAURECIA Net loss exceeds EUR 500m in 2008 / More cost-cutting in store / Lawsuit filed against Chrysler in the US	18.02.2009
THOMPSON TECHNIK All five group companies now in administration / No money to pay staff	18.02.2009
CADENCE INNOVATION Magna subsidiary Decoma acquires all four European plants / US company close to being liquidated?	13.02.2009
POLYTEC Intex could axe 300 jobs / Short-time working for two months / OEM orders falling significantly	10.02.2009
GEIGER TECHNOLOGIES Failed payments force auto supplier into administration	06.02.2009
SCHAEFFLER / CONTINENTAL German government rejects bailout / Fate of merged OEM suppliers in lenders' hands / Reorganisation plans	02.02.2009
FIAT Italian auto maker acquires 35% of Chrysler / Question over US government USD 3 bn loan	02.02.2009
VISTEON Automotive supplier considering insolvency filing	30.01.2009
PLASTIC OMNIUM Production expected to fall 50% in first half of 2009 / Losses, job cuts and short-time working	29.01.2009
WEIDMANN / WICOR Automotive components activities consolidated in Switzerland / Growth in medical technology	28.01.2009
BOREALIS “Mobility” unit established to serve auto sector	28.01.2009
ELRINGKLINGER Cost-cutting measures introduced for 2009 / Short-time working from February / Drastic cut in capital expenditures / Economic recovery not expected before mid-2009	27.01.2009
LEONI Romanian plant closure hits 230 jobs	26.01.2009
GRAMMER OEM supplier applies for short-time working at five sites / Three-day week once a month	23.01.2009
WOCO Automotive supplier cuts working hours and pay by 20% / Agreement will run to June	19.01.2009
AUTOMOTIVE German and US alliances target lithium ion battery technology / Efforts to reduce dependence on Asian producers	19.01.2009
THOMPSON PLASTICS Three group companies in administration / Two have closed, another is for sale / Two further companies operating normally	16.01.2009
VISIOCORP Indian company Motherson Sumi negotiating purchase of rear view mirror manufacturer / Supervisory board describes prospective buyer as the "ideal strategic partner"	12.01.2009
INERGY Nucourt plant to close by mid-2009	12.01.2009
POLYNORM Voestalpine plastics business acquired by Inteva	12.01.2009
EUROSTYLE Arques sells 85% of shares to management	09.01.2009
JOHNSON CONTROLS Job cuts in Europe / Plant closures in Grefrath, Madrid and Ghent / Joint venture with GACC in China	09.01.2009
STANKIEWICZ German automotive supplier files for insolvency / District court appoints provisional administrator	07.01.2009
SENOPLAST Rolling temporary suspension of employment introduced / Creative solution to retain workers	06.01.2009
KEY PLASTICS US auto supplier files for Chapter 11 / Plant closures in North America / No impact on European operations	22.12.2008

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