Rod Enlow Joins CCAR as Director of Industry Relations
Rod Enlow has joined the Coordinating Committee For Automotive Repair (CCAR) to assist in improving environmental and safety compliance in the automotive repair industry. Enlow’s appointment as director of industry relations was announced by Robert Stewart, CCAR President.
Dan Griffin to Retire from MFSG on Dec. 31; Dan Pike Promoted to General Manager
The Motor & Equipment Manufacturers Association (MEMA) announced today that Dan Griffin, executive vice president of MEMA Financial Services Group (MFSG), will retire effective Dec. 31. Dan Pike has been promoted to general manager of MFSG and will assume day-to-day responsibilities for MFSG on Jan. 1, 2005.
Bridgestone Americas’ Announces Senior Management Changes
Bridgestone Americas Holding, Inc. (BSAH) today announced that Yuji Tomiyasu, vice chairman and president of BSAH and Bridgestone Firestone North American Tire, LLC (BFNT), has returned to Japan due to ill health. Following his recovery, he will accept an assignment at Bridgestone Corp. in Tokyo. As of January 1, 2005, Tomiyasu will be succeeded as vice chairman and president of BSAH and BFNT, by Asahiko “Duke” Nishiyama, who currently serves director Americas and Europe Operations, Bridgestone Corp., the parent company of BSAH.
Street Glow Announces the Creation of Street Glow International
Street Glow Inc., which produces performance lighting products for the aftermarket, has announced the creation of Street Glow International, an affiliate of Street Glow, Inc. In June of this year Street Glow announced that it had signed a letter of intent to sell a portion of ownership to a Chinese investment group called Street Glow (Hong Kong), Ltd. This group includes members from Street Glow’s long-time Chinese vendor which manufactures virtually all of the Street Glow brand of Auto-Neon and performance lighting products. This announcement marks the completion of that sale.
Delphi Reduces Quarterly Loss; Parts Supplier Details Widening SEC Probe
Delphi Corp. narrowed its third-quarter loss to $114 million, and generated more cash than expected, but acknowledged a widening government probe into its accounting practices. The nation’s largest auto-parts maker warned Oct. 5 that it could lose as much as $120 million from July through September because steel and plastic prices rose dramatically, and its biggest customer, General Motors Corp., built fewer cars and trucks.
Santech Introduces A/C Market Index
Santech Industries, a provider of engineered replacement parts for the global automotive air conditioning market, has announced the creation of the Santech AC Market Index. Located on the www.santech.com Web site under the tab “AC Market Index,” the index tracks the hot weather patterns associated with the automotive air conditioning market. The first of its kind, the index allows comparison of the historical effect of the weather against business results.
NASCAR Rookie Kasey Kahne to Appear at Siemens VDO Automotive Booth at AAPEX
Kasey Kahne, NASCAR Nextel Cup Series driver and his No. #9 Dodge Dealers/UAW Dodge will be at the Siemens VDO Automotive AAPEX booth #2426. Kasey will be signing photos and providing autographs for show visitors from 1:30 to 3:30 PM on Tuesday, Nov. 2. The No. # 9 Dodge will be on display in the booth throughout the show.
Automotive Youth Educational Systems Gets $2.2 Million Grant From U.S. Department of Labor
The U.S. Department of Labor’s (DOL) Employment and Training Administration has awarded $2.2 million for the expansion of the Automotive Youth Educational Systems (AYES) automotive service technician training initiative. The U.S. Department of Labor’s (DOL) Employment and Training Administration has awarded $2.2 million for the expansion of the Automotive Youth Educational Systems (AYES) automotive service technician training initiative.
The Stanley Works to Join 2005 NASCAR Nextel Cup Series With Evernham Motorsports
The Stanley Works, one of the world’s best known brands of tools, hardware, security and home improvement products, announced that it will join a sponsorship program with Evernham Motorsports for the 2005 NASCAR Nextel Cup Series.
Dana Launches New Automotive Web Site
Dana Corp. yesterday announced the launch of its newly redesigned automotive Web site, located in the automotive section of www.dana.com. The new site offers expanded content and better navigation capabilities. Products are grouped into five main categories.
Bandag Reports Third Quarter Results
Bandag Inc. has reported consolidated net earnings of $20.1 million, or $1.02 per diluted share, for the third quarter of 2004, compared to third quarter 2003 consolidated net earnings of $20 million, or $1.03 per diluted share. Consolidated net sales for the third quarter of 2004 were $236.8 million, an increase of 12 percent compared to third quarter 2003 consolidated net sales of $211.4 million. Of the sales increase, $17 million is attributable to Speedco, Bandag’s on-highway quick-service truck lubrication subsidiary, which was acquired in the first quarter of 2004.
Eaton Reports Record Quarterly Revenue
Diversified industrial manufacturer Eaton Corp. announced net income per share of $1.09 for the third quarter of 2004, an increase of 58 percent over net income per share of 69 cents in the third quarter of 2003. Sales in the quarter were a record $2.54 billion, 26 percent above the same period in 2003. Net income was $170 million compared to $107 million in 2003, an increase of 59 percent.