Mark Armstrong to Retire From Cooper Tire & Rubber
Cooper Tire & Rubber Vice President Mark Armstrong has announced his retirement after 26 years with the company. Armstrong started out as a territory manager for Cooper in the Eastern Region. He subsequently served in numerous positions in sales and marketing until his most recent promotion to executive vice president of the Tire Group, responsible for sales and marketing for global tire operations.
NASCAR to Debut “NASCAR Performance Live” Radio Show
NASCAR will debut “NASCAR Performance Live,” a new one-hour radio show dedicated to discussing and examining the technical side of NASCAR. NASCAR will debut “NASCAR Performance Live,” a new one-hour radio show dedicated to discussing and examining the technical side of NASCAR.
AAIA President Kathleen Schmatz Appears on CNBC “Behind the Wheel Show”
AAIA President and CEO Kathleen Schmatz was interviewed last week on the CNBC show “Behind the Wheel.” “Behind the Wheel” is a monthly automotive show that airs on the business cable network. Schmatz’s interview was part of a segment on National Car Care Month.
DST Asks: What Factors Do You Look at When Measuring the Cost of Managing Inventory?
Manufacturers and very large distributors have benefited from the productivity- and efficiency-enhancing features of automated warehouses for years. That technology is now available to virtually any size business. What factors do you take into account in measuring the cost of managing your inventory and do you have the data available to make those measurements?
Automotive Suppliers Support Frink as Manufacturing Secretary
MEMA and its members have voiced their support for the nomination of Al Frink as the first Assistant Secretary of Commerce for Manufacturing and Services. Frink, 61, co-founded the California-based carpet maker Fabrica International in 1974.
DuPont To Cut 3,500 Positions
DuPont Co. said yesterday that it will reduce its workforce by 6 percent, or 3,500 positions, by the end of the year to save $325 million annually. The Wilmington, Del.-based chemical company, whose products include Corian surfaces, Tyvek house wrap and auto paint, said that about 3,000 positions would be eliminated through severance programs and about 500 through normal attrition. The company also said it would stop using 450 contractors.
Organizers Call First AAPEX Online Space Drawing a Success
The first online space drawing for AAPEX was a huge success, according to show organizers. More than 1,683 exhibitors participated, accounting for more than 444,000 net square feet of exhibit space sold.
Executives’ Salaries Up at Advance
Several top executives at Advance Auto Parts made more in 2003 than the year before, but some bonuses dropped, according to a proxy statement filed with the Securities and Exchange Commission.Lawrence Castellani, CEO of the Roanoke, Va.-based automotive parts retailer, made $669,566 in 2003, a 5 percent increase from $635,778 in 2002. His bonus was $359,746 in 2003, a 44 percent drop from $642,191 in 2002.
Goodyear to Reduce Profits By Another $65 Million
Goodyear Tire & Rubber said it would reduce its reported profit for the past six years by an additional $65 million, citing improper accounting at its overseas operations among other reasons. Goodyear said its internal investigation of overseas accounting was complete.
MEMA Names New Executive Director of Association Management Division
Brent Hazelett has been promoted to executive director of Management Services Group (MSG), the association management division of MEMA. He has served as the executive director of the Filter Manufacturers Council (FMC) since May 1998, and will continue to serve in that capacity as well.
Toyo Tires Adds Second California Warehouse
Toyo Tires has announced the addition of a second warehouse facility in Southern California. Located in Mira Loma, Calif., the new, 430,000-plus-square-foot facility will handle both additional warehousing as well as U.S. distribution, according to the tiremaker.
MACS Creates Car Care PSA
In a continuing effort to educate drivers on the importance of professional mobile A/C and engine cooling system repair, the Mobile Air Conditioning Society (MACS) Worldwide has created a 30-second video public service announcement.