AADCO Automotive Inc., a supplier of Like, Kind and Quality (LKQ) used auto parts, has signed an agreement to acquire Coreline Auto Parts Ltd. of Milton, Ontario. Founded in 1977, Coreline Auto Parts is the third largest automotive core and materials broker in Canada doing business from coast to coast....
Goodyear Tire & Rubber has taken disciplinary actions against several senior managers in its European Union operation in response to its ongoing investigation of improper accounting in European and other overseas operations. Although the investigation is not yet complete, the company said it decided to begin the process of improving...
Luis Salazar's booth is one of the largest at the Society of Automotive Engineers World Congress, with four columns, flags and several comfortable leather chairs. But with space that rivals General Motors Corp.'s and Ford Motor Co.'s exhibits, Salazar isn't pushing cool 21st-century technology, sensors or car parts -- he's...
UAW members ratified a four-year contract with American Axle & Manufacturing Inc., after a one-day strike late last month that disrupted General Motors Corp. truck production. About 68 percent of the employees voted for the contract, the union said Monday. About 68 percent of the employees voted for the contract,...
Automotive jobs will continue to leave Michigan, but there are remedies, says a report on the future of manufacturing to be delivered today at the opening session of the Society of Automotive Engineers World Congress in Cobo Center in Detroit. The U.S. is expected to see an 11 percent drop...
Federal-Mogul Corp. has amended its plan for emerging from bankruptcy to guarantee current shareholders the right to buy new shares in the reorganized auto supplier at a predetermined price. Under both the former and amended plans, current shares would be voided once the company exits bankruptcy and new shares would...
Interdynamics Inc. has been presented with the 2003 “Vendor of the Year” award from O’Reilly Auto Parts. The company is a leader in auto air conditioning and air compressor products.
Midas wants to return to its core value of trust with the resurrection of a marketing campaign first used in Midas advertising in the 1980s. The company's new national advertising agency DDB Chicago is collaborating with Ogilvy & Mather Toronto on the "Trust the Midas Touch" campaign. The campaign will...
Hankook Tire Co. unveiled a new corporate identity program during a recent presentation at its headquarters in Seoul, Korea. The new look is the latest in a series of strategic moves to build the company's global image as a leading manufacturer and marketer of tires.
Genstar Capital has entered into a definitive agreement for the sale of Prestolite Electric Holding to an affiliate of First Atlantic Capital. Prestolite Electric is a global manufacturer of alternators and starter motors selling into high-margin, niche markets for heavy-duty, military and industrial applications.
