Goodyear Announces New Financing Facility in Europe
Goodyear Tire & Rubber Co. announced that Goodyear Dunlop Tires Europe BV affiliate, a joint venture between Goodyear and Japan’s Sumitomo Rubber Industries, has arranged a new pan-European accounts receivable securitization facility.
Intermet Plans to Close Sturtevant Plants
Intermet Corp. said it will close its Racine die-casting and machining plants, both of which are located in Sturtevant, Wis. The plants are expected to close during the second quarter of 2005. The facilities currently employ 603 people, including hourly and salaried staff, and manufacture aluminum die castings for the automotive industry.
NHRA Museum Launches New Winner’s Circle Sponsorship Program
The Wally Parks NHRA Motorsports Museum has unveiled details of an exclusive program that will give automotive aftermarket leaders and racing greats the opportunity to preserve and celebrate a history they helped make, through a new sponsorhip program called the Winner’s Circle.
Clevite Engine Parts Announces 2004 Engine Builders of the Year for NASCAR Series
Clevite Engine Parts has announced the Clevite Engine Builders of the Year for the 2004 NASCAR NEXTEL Cup Series, NASCAR Busch Series and the NASCAR Craftsman Truck Series. Randy Dorton, director of engine development with Hendrick Motorsports and builder for the No. 24 car of Jeff Gordon, posthumously received the coveted Engine Builder of the Year Award for the NEXTEL Cup Series. Dorton’s award was formally announced at the yearly NEXTEL Cup Series banquet on December 3. Dorton’s wife, Dianne, accepted on his behalf. This is the second Clevite Engine Builder of the Year honor for Dorton.
Sloan Transportation Products Announces Personnel Changes
Sloan Transportation Products announced Michael Redick has joined the company as engineering supervisor. Redick will be responsible for reducing cost and adding value to existing products lines, while managing new product development from conception to launch. Sloan Transportation Products announced Michael Redick has joined the company as engineering supervisor. Redick will be responsible for reducing cost and adding value to existing products lines, while managing new product development from conception to launch.
Hayes Lemmerz Considers Selling Chattanooga, Tenn. Plant
Hayes Lemmerz International is entertaining offers for its Chattanooga, Tenn., plant but will continue production if it doesn’t sell, a company official said Monday.
CTNA Suspends Tire Production at Kentucky Plant
Continental Tire North America Inc. (CTNA) has indefinitely suspended tire production at its Mayfield, Ky., manufacturing facility. CTNA said mixing and warehousing operations will continue.
First-Ever Heavy Duty Aftermarket Week Planned for 2006
Make room on your calendar for February 2006, when the first ever Heavy Duty Aftermarket Week is scheduled to take place. The new event will feature a trade show, training, educational and social functions and one-on-one business meetings. The new Heavy Duty Aftermarket Week was created in response to requests from manufacturers, distributors and truck fleet/heavy duty service specialists to reduce the number of meetings and redundancy in the heavy duty aftermarket.
790 Federal-Mogul Jobs Saved
Federal-Mogul Corp., in a move that counters the trend of U.S. companies sending manufacturing jobs overseas, has decided to keep nearly 800 Michigan jobs from heading to Mexico. Gov. Jennifer Granholm and the Michigan Economic Development Corp. (MEDC) announced the approval of a Single Business Tax incentive Tuesday worth more than $65 million to keep Federal-Mogul from moving 790 jobs abroad. Meanwhile, the Southfield, Mich.-based auto parts maker said it would invest $6 million of its own money in the operations.
Magazines Announce ‘Readers’ Choice Awards’ Recipients
The readers of Babcox’s Counterman, Brake & Front End, ImportCar and Underhood Service magazines have announced the Readers’ Choice Award recipients for 2004. The awards are based upon those companies whose advertising most successfully communicated their messages to the aftermarket.
Affinia Group Headquarters to be Located in Michigan
According to a recent article in the Detroit Free Press, Affinia Group Inc., which owns the former Dana Automotive Aftermarket Group, is moving its headquarters to Pittsfield Township, Mich. The group will also create 145 jobs as a result of the move.
BorgWarner Expands China Presence With New Shanghai Office
In what it described as a reflection of China’s significance to the company, BorgWarner is opening an office in Shanghai, which will include representatives from BorgWarner’s five business units and corporate staff.