Automotive Industry
Industry: Email Alert RSS FeedRaufoss sees benefits of Epsilon deal.
Automotive News Europe, March, 2002 by Winton, Neil
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Raufoss
Headquarters: Raufoss, Norway
Core business: Aluminum suspension components
Turnaround strategy: Divest non-core operations; capitalize on GM Epsilon contract
Raufoss, the Norwegian maker of suspension components, fuel tanks, exhaust systems and chassis parts, expects its turnaround to begin this year.
It is supported by a major supply contract for cars built on General Motors' Epsilon platform.
Two years ago, Raufoss decided to sell non-core operations to offset falling sales and profitability - and to raise its profile in the USA.
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