Kinetic Die Casting Company wishes all our friends and customers a Happy Thanksgiving in 2023. We will be closed Thursday and Friday to be with or families in observance of Thanksgiving. We are closing Wednesday (today) for a long lunch …
Continue reading
Tag Archives: automotive
8 Major Auto Parts Suppliers Closing
Lear Corp. (LEA) will become the eighth major auto parts supplier to file for Chapter 11 protection since 2005 as the industry has struggled amid declining sales and high costs. Since one parts maker often supplies several car companies, any trouble in shipping parts can lead to disruptions, including the shutdown of auto plants.
Lear is the No. 2 supplier worldwide for automotive seating systems and among the top five for electrical distribution systems, with net sales of $13.6 billion last year. It ranked 157 in the Fortune 500. The company, headquartered in Southfield, Mich., has 80,000 employees at 210 facilities in 36 countries. General Motors (GM) accounted for 23% of its sales in 2008; Ford Motor Co. (F) for 19%.
So, who were the seven major auto suppliers to precede Lear in bankruptcy filings?
Collins & Aikman
Collins & Aikman once made parts for just about every single U.S.-built car. The 116-year-old company closed in late 2007, after completing the sale of its last major operations to a private equity group led by billionaire Wilbur Ross. The company got into trouble under the leadership of ex-Reagan administration budget director David Stockman, who steered it toward expansion just as the U.S. auto industry began a steep downturn. The company filed for Chapter 11 in 2005.
Delphi
Delphi (DPHIQ) unveiled a plan to emerge from its nearly four-year-old Chapter 11 bankruptcy on June 1. The deal calls for Delphi to sell four U.S. auto-parts plants and its steering business to former parent GM. But the bulk of Delphi’s assets would be sold to Platinum Equity, a Beverly Hills, Calif., private-equity firm in a transaction largely backed by GM. Delphi’s creditors went to federal bankruptcy court, attempting to thwart the proposed $3.6 billion acquisition, deriding it as a “sweetheart deal.” A court hearing is set for July 23.
Tower Automotive
Tower Automotive emerged from Chapter 11 bankruptcy nearly two years ago and sold most of its assets to the private-equity firm – and former Chrysler parent – Cerberus Capital Management. Tower, a supplier of metal structural components, filed for Chapter 11 in 2005, and subsequently undertook a restructuring that included closing 16 manufacturing facilities and selling off ancillary businesses.
Visteon
Visteon (VSTN), a former unit of Ford, filed for bankruptcy on May 28. The auto-parts maker is seeking bankruptcy-court permission to cancel its retiree health-care and life insurance obligations, a move the company says would erase $310 million in liabilities from the company’s balance sheet. It also says it has reached a deal to sell its Alabama air-conditioning subsidiary to a Korean company that Visteon also controls but that isn’t under bankruptcy protection.
Metaldyne
Metaldyne also sought Chapter 11 protection in May with deals in hand to sell its powertrain and its chassis business units. RHJ International has offered $75 million in cash and debt for the powertrain business, the offer that will set a floor price at the July 24 auction. The Carlyle Group private-equity firm had signed a nonbinding letter of intent to acquire the chassis segment, but the two parties haven’t been able to come to terms on a purchase agreement.
Dana Holding
Dana Holding (DAN) emerged from bankruptcy in February, 2008, nearly two years after filing for Chapter 11 protection. The Toledo, Ohio, maker of axles, driveshafts and structural products for auto makers emerged with $2 billion in exit financing from a consortium of investment firms – Citigroup Global Markets, Lehman Brothers, and Barclays Capital.
Dura Automotive Systems
Dura Automotive Systems filed for Chapter 11 protections in October 2006, and emerged from bankruptcy a year ago. In January, it took initial steps toward becoming a private company. The company is the largest independent designer and maker of driver control systems, and a leading supplier of door modules, glass systems and seat mechanisms.
Kinetic Die Casting manufactures die casting metal parts creating products like roofing tile molds, lighting parts, and military parts. If you would like more information about Kinetic Die Casting, visit our website:Kinetic Die Casting Company
Ford Motor Company Cuts Suppliers
DEARBORN, Mich. (AP) — Ford Motor Co.’s top executive for auto parts purchasing said Wednesday the number of the automaker’s suppliers that are under distress, bankruptcy protection or under observation has more than doubled in the last year.
Tony Brown, Ford’s vice president for global purchasing, declined to give an exact number of distressed suppliers, but said in a briefing that more suppliers are in the category of being monitored as slumping auto sales force automakers to slow production and order fewer parts.
Brown said he had several teams of people looking at ways to aid distressed suppliers operationally, as Ford has limited funds to financially support the ailing companies.
“You could expect Ford to take the appropriate action given the situation and it could include providing financing,” he said. “And it could include simply having an engineer go in and clean up their process.”
The Dearborn-based automaker has pledged to provide at least $125 million in debtor-in-possession financing to its former subsidiary, Visteon Corp., which is under Chapter 11 bankruptcy protection.
Ford said it is accelerating its plans to consolidate the number of suppliers it uses. The company said 850, or 48 percent, of its suppliers will be eligible for future work at the end of the year, down from the 1,683 eligible at the end of 2008.
“We don’t need that capacity,” he said. “We need a stronger, healthier, profitable supply base. This is our strategy to make that happen.”
Ford will have 1,650 total suppliers at the end of 2009, compared with 2,198 at end of last year. Its goal is to eliminate short-term suppliers, with a target of 750 total suppliers in the coming years. Ford purchases about $90 billion in parts annually.
Brown said the reduction of its suppliers would be “orderly” and not disruptive to the other automakers that may do business with the companies.
Ford also said it has added 16 companies to its key group of component and service suppliers, including BorgWarner Inc. and Denso Corp. There are now 82 suppliers in the company’s Aligned Business Framework, which increases the automaker’s collaboration with the companies.
Kinetic Die Casting manufactures a lot of aluminum rooftile plates , trim tile molds, and military die casting. If you would like a quote, please visit our website: Kinetic Die Casting Company
Fast Way of Making Aluminum Auto Parts
Fast Way of Making Aluminum Auto Parts. Aluminum has a very unique property. This metal alloy is very strong and durable. Some even compares its strength to steel. Surprisingly, aluminum is very light for it strength and durability. Because of these characteristics, it has become the metal alloy of choice for many manufacturing companies around the globe. From household appliances such as electric fans and heaters, to consumer electronics such as MP3 players and others, aluminum is used as part of these products. One particular product which loves to use this metal is automobiles. Aluminum Auto Parts are very common and can vary in shapes, sizes and use. Since there is a high demand for these Aluminum Auto Parts, they have to be made fast. This is achieved through die casting.
Die casting is a process of turning the raw material which is aluminum, into the needed part of the company or manufacturer. It is done by first melting the aluminum. The metal is heated with very high temperatures until it liquefies. Once it does, the liquid metal is then injected into casings known as castings. This would give the liquid metal its new shape, in this case Aluminum Auto Parts. Die casting is a fast and reliable process which can provide high quality results.
The process of die casting aluminum is fast and most of all, it is cheap. Not only is it used in making Aluminum Auto Parts, it is used to make a variety of aluminum products as well. This service is offered by many companies everywhere and is a valuable asset to many manufacturers.
Kinetic Die Casting manufactures zinc and aluminium die casting. If you would like a quote, please visit our website:Die Casting quote
Automotive Parts – Die Casted in Aluminum
Automotive Parts – Die Casted in Aluminum. Die Casting is a very cost-effective procedure that offers a wider variety of components and forms compared to any other method of manufacturing. All die casting parts last for a very long time and can be drafted to match the looks of the external part. One popular material that is used in Die Casting is Aluminum. This material is mostly used by Die Casting companies because it’s very light, have excellent mechanical qualities and posses an ability to withstand too much heat.
Because of its popularity, aluminum is now also used to make several automotive parts. Aluminum Auto Parts are needed to lessen the heaviness of automobile so that a car could reduce its fuel expense. Many leading Aluminum Die Casting companies can actually produce more than a thousand of Aluminum Auto Parts in just one year, and they don’t need to spend too much for the production. There are some companies that have their own Die Casting factories where they would make their own Aluminum Auto Parts, while other companies deal with Die Casting Job shops to make their automobile parts.
Here are few examples of Aluminum Auto Parts:
- Automobile Brackets – The main function of the bracket is to keep the air-con and alternator in place. Most of the engine parts are secured in place with the use of brackets that are Die Casted in Aluminum.
- Automobile Wheels – People usually thinks that car wheels are made of magnesium, but in fact, they are made of aluminum material. Many manufacturers use aluminum since the material is extremely solid.
- Auto Valve Covers – The main function of a valve cover is to disperse the heat from the automobile. Since aluminum is a perfect passage for thermal transmission, most manufacturers prefer aluminum valve covers. The valve covers are typically diecasted in aluminum material as they naturally posses a chrome appearance even without using chrome coating.
Kinetic Die Casting manufactures zinc and aluminum die casting. If you would like a quote, please visit our website:Die Casting quote
Aluminum Auto Parts Widely Used
Aluminum Auto Parts are Now Widely Used by Many. Before, most of the car parts were made from steel or iron because manufacturers believed that a car must be strong, hence, strong metals must be used in making its parts. However today, majority of cars are built with aluminum auto parts. First, aluminum is lightweight, reducing the total weight of the automobile, allowing it to get better fuel economy. It is also very strong and non-corrosive. The top car manufacturers love die cast aluminum auto parts because thousands of parts can be produced annually at a very low cost. Others even have contracts with aluminum die casting companies to produce aluminum auto parts for them. There are also companies which manufacture auto parts intended to be sold in stores. Manufacturing companies prefer die cast aluminum auto parts than those produced by forging, extrusion, or other manufacturing processes primarily because die cast parts are less expensive and of better quality.
Some aluminum auto parts include aluminum die cast handles, aluminum valve aluminum covers, aluminum brackets, and aluminum wheels. The handles are used for car doors and other aluminum hardware handles used for opening the trunk, console and hood of the car. The valve covers are usually die cast because die cast valve covers already has a chrome look even without chrome plating. Valve covers also need to disperse heat and aluminum is an effective material for thermal transfer. The brackets hold many of the car’s engine components into place. These also hold the air conditioner and alternator in place. The wheels are made from aluminum, not magnesium, which is a common misconception. Aluminum can also be polished to a high sheen, making it ideal for wheels.
Kinetic Die Casting can manufacture aluminum automobile parts, heat sinks, aerospace parts and much more. If you are looking for aluminum or zinc parts, visit our website Kinetic Die Casting Company
