Norsk Hydro Plans To Divest Automotive Components Operations
NHY) Monday said it will divest its automotive components operations as part of the company’s strategy to reduce engagement in downstream aluminum while investing in the repositioning of metal production operations. “When Hydro decides to sell a business it’s because we believe the operations and employees will have a better home with a company that sees greater potential for value creation in that business than we do ” said Eivind Reiten Hydro’s president and chief executive …

November 13, 2006 @ 10:28 AM · Filed under Uncategorized
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A new online source: Automotive News China - Automotive News
A new online source: Automotive News ChinaAutomotive News - 1 hour ago… In addition, the Automotive News Group’s 70 reporters and editors around the world will contribute China-related stories and data. …

November 13, 2006 @ 10:26 AM · Filed under Uncategorized
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Norsk Hydro planning to divest Automotive Components operations (Sharewatch)
The group\’s president and chief executive, Eivind Reiten, said the decision had been taken because Norsk Hydro has \”not been able to ensure satisfactory profitability within automotive structures\”.

November 13, 2006 @ 10:24 AM · Filed under Uncategorized
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