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Lucas Industries has agreed a £3.2bn merger with Varity Corp of the US, thus creating one of the world's top 10 automotive suppliers. 01-Jun-1996 Lucas Industries is discussing a possible alliance with Varity Corp., the US motor parts company, to strenghten Lucas' global position. 06-May-1996 Lucas Industries is to supply new car diesel fuel injection pumps to Ford, Renault and Fiat in a £650m 5-year deal. 26-Mar-1996 Lucas Industries plans to strengthen its alliance with Sumitomo of Japan in order to become one of the world's top 10 auto component suppliers. 20-Mar-1996 Lucas Industries and Sumitomo Electric are to set up a joint venture in the US to make automotive electronic products. 02-Nov-1995 Lucas Industries expects a slowdown in demand for vehicles over the next two years, and has also announced that it aims to improve productivity in its aerospace division. 10-Oct-1995 Lucas Industries expects to be able to restart bidding for US defence contracts now it has agreed to pay $88m in damages to the DoD. 05-Oct-1995
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