More than Auto Parts
Interesting story in the Sacramento Bee today about Eaton a leading auto parts maker. It describes the diversification they are planning to make itself a $10 Billion company.
Auto parts maker banks on diversification
By M.R. KROPKO, AP Business Writer
Last Updated 11:51 am PST Sunday, November 27, 2005
CLEVELAND (AP) - With the auto industry and its suppliers falling on hard times, Eaton Corp. is banking on diversification tied more to electrical devices and pumps than car and truck parts.
Products such as circuit breakers and the backup power switches that keep high-speed Internet businesses online are driving revenue as the 94-year-old Eaton heads toward becoming a $10 billion company for the first time.
Get more at: http://www.sacbee.com/24hour/autos/story/2930386p-11602255c.html