| | Business Summary | | Dura
Automotive
Systems,
Inc.
is
an
independent
designer
and
manufacturer
of
cockpit
sub-systems
for
the
global
automotive
industry.
The
Company's
products
include
seating
mechanisms,
engineered
assemblies,
glass
systems,
door
modules
and
mobile
products.
Dura
sells
its
products
to
every
major
North
American,
Japanese
and
European
automotive
original
equipment
manufacturer
(OEM).
Approximately
68%
of
Dura's
2000
revenues
were
generated
from
sales
to
North
American
OEMs
with
its
major
customers
being
Ford,
GM,
DaimlerChrysler,
Toyota,
Honda
and
Nissan.
Approximately
30%
of
Dura's
2000
revenues
were
generated
from
sales
to
European
OEMs
including
Volkswagen,
Mercedes,
PSA
(Peugeot
and
Citroen),
BMW
and
Renault.
Dura
is
generally
the
sole
supplier
of
the
parts
it
sells
to
OEMs
and
will
continue
to
supply
parts
for
the
life
of
a
model,
which
usually
ranges
from
three
to
seven
years. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | DRRA
designs
and
manufactures
mechanical
assembly
system,
components,
hardware
and
cables
for
use
in
the
auto
industry.
DRRA
supplies
both
parking
brake
mechanisms
and
cables
to
OEMs.
For
the
six
months
ended
6/30/01,
revenues
fell
4%
to
$1.33
billion.
Net
income
fell
21%
to
$22.1
million.
Revenues
reflect
the
continued
weakness
in
the
North
American
automotive
and
recreational
vehicle
markets.
Net
income
also
reflects
OEM
plant
closures
and
lower
margins. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| S. Johnson, 60
Chairman,
Director | -- | Karl Storrie, 63
Pres,
CEO, Director | $658K | J. Richard Jones, 58
Vice
Chairman | -- | David Bovee, 51
CFO,
VP | -- | Michael Paquette, 58
VP
of HR | -- | | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/d/drra.gif)