Siemens VDO Automotive Names N.A. Williams “Sales Agency of the Year”
Automotive supplier Siemens VDO Automotive has named Atlanta, Ga.-based N.A. Williams Agency “Sales Agency of the Year” for 2003. N.A. Williams is responsible for Siemens VDO Automotive’s sales activities in the Southeast Region, including Virginia, South Carolina, North Carolina, Georgia, Alabama, Mississippi and Tennessee. The N.A. Williams Agency, which was founded in 1934, specializes in the automotive aftermarket, serving a variety of major manufacturers. They have been a representative of Siemens VDO for the past six years.
Continental Tire North America and Exel Form Strategic Tire Distribution Partnership
Continental Tire North America (CTNA) and Exel, a global logistics company, have formed a strategic partnership in the area of tire distribution logistics in North America. As part of the agreement, Exel will assume control of the management of CTNA’s tire distribution warehouses. All details of the agreement will be finalized by April 1, 2004.
Noble International to Purchase Laser Welding International
Noble International has signed a purchase agreement to acquire Laser Welding International Inc. (LWI). LWI, based in Clinton Township, Mich., is a supplier of laser-welded blanks (LWB) to General Motors. According to Noble’s COO Tim Emmitt, the acquisition of LWI will help expand Noble’s presence with General Motors. The company plans to integrate LWI into Noble Metal Processing over the next several months, Emmitt said.
Tenneco Offers New Limited Lifetime Warranties
Tenneco Automotive is promoting an expanded product guarantee program for 2004. Tenneco is now featuring limited lifetime warranties and a 90-day risk-free trial offer on premium Walker exhaust, Monroe shock and strut, DynoMax performance exhaust and Rancho off-road technologies. The new strategy will also enable aftermarket businesses to enhance bottom-line results while significantly increasing customer satisfaction and loyalty, according to Tenneco Automotive Vice President of Marketing Richard Alameddine.
MPA Name Change is Official
In an exclusive interview from October 2003, Motorcar Parts & Accessories (MPA) Chairman, President and CEO Selwyn Joffe, indicated that MPA’s shareholders would soon vote on a proposal to change the company’s name. That name change is now official. Motorcar Parts & Accessories has changed its name to Motorcar Parts of America to better reflect its position in the markets it serves.
Jack Roush Named First Recipient of SKF X-Tracker Award
Jack Roush, CEO of Roush Industries and owner of the Roush Racing Team, has been named the first recipient of the SKF X-Tracker Award. The international award recognizes an individual who has achieved success in the face of extreme challenges or adversity. SKF selected Roush as the first X-Tracker Award recipient due to his legendary success in the automotive and racing industries and his perseverance through his recovery from life-threatening injuries sustained in a 2002 airplane crash.
TI Automotive Wins $1.2 Billion in New Business
TI Automotive recently won contracts in its fuel systems division valued at more than $1.2 billion from automotive manufacturers in Europe, Asia and North America. Beginning with 2006-model-year production, the fourth-quarter contract awards include complete fuel systems and subsystems for a range of products,
Universal Automotive Acquires Three Brands from TRW Automotive’s Kelsey-Hayes Subsidiary
Universal Automotive has purchased several business assets of TRW Automotive’s Kelsey-Hayes subsidiary. The Livonia, Mich.-based businesses sold for $11 million in cash plus additional contingent payments. Universal has acquired the Autospecialty, ValuMaxx and Power Stop brands from Kelsey-Hayes. It also has entered into a licensing agreement for the use of the TRW trademark for premium quality brake rotors and drums and a supply agreement for TRW suspension products.
Starcraft Shareholders Approve Merger With Wheel to Wheel, Tecstar
Shareholders of aftermarket and OEM supplier Starcraft Corp. have voted to approve a proposed merger agreement with Troy, Mich.-based Wheel to Wheel, Inc., an automotive engineering and design business. The transaction has received all required regulatory clearance and the merger is expected to close by the middle of January. In 1988, Starcraft and Wheel to Wheel jointly formed Tecstar, which provides and installs appearance enhancement items on vehicles provided by and returned to an original equipment manufacturer. The new agreement calls for Starcraft to acquire the remaining 50 percent ownership of Tecstar LLC and Tecstar Canada that it does not currently own by acquiring closely held Wheel to Wheel. The transaction merges Wheel to Wheel into a newly created subsidiary of Starcraft, which will exchange Starcraft common shares for shares of Wheel to Wheel.
Cooperation Urged in Auto Costs Fight
As a former Ford Motor Co. executive, Kathleen Ligocki knows about the carmakers’ mission to slash supplier prices. But in order to survive long-term, automakers must work with suppliers to take out the waste, said Ligocki, now chief executive of Tower Automotive. Speaking on an Automotive News World Congress panel Monday in Dearborn, Mich., Ligocki, a former vice president for Ford customer services, called for a collaborative effort between suppliers and carmakers to improve both sides’ bottom lines.
Automotive Products is Sold
German brake and clutch manufacturer FTE Automotive GmbH said Monday it bought Auburn Hills, Mich., auto clutch systems maker Automotive Products Inc. for an undisclosed price. The deal makes Ebern, Germany-based FTE a major player in clutch products with worldwide sales of $462 million.
Intermet to Close Havana, Ill., Foundry
Intermet Corp. intends to close its foundry in Havana, Ill., during the second quarter of this year. The company said the closure is necessary to rationalize excess production capacity and reduce costs. The facility, which manufactures ductile-iron castings for the automotive industry, currently employs 205 people, including hourly and salaried staff. The company will consolidate the plant’s equipment and products into other existing Intermet foundries.