Two board members investigated internally for insider deals have resigned from auto supplier Collins & Aikman Corp. (C&A), which has lost money three years in a row, and on Thursday reported another first-quarter loss. The quarter's red ink was slightly less than it was the same period a year ago.
Hankook Tire America Corp. has announced plans to raise prices on its full line of passenger, high performance, light truck and medium truck tires by 3 percent, effective July 1.
USA Today recently published an independent study identifying the most underpaid and overpaid executive teams leading public companies in 2003. Among these companies were a number of names you may recognize as major players in the automotive aftermarket.
Modine Manufacturing has won the 2004 Award of Excellence for outstanding safety from the Tennessee Department of Labor & Workforce Development. Modine was presented the award for its Lawrenceburg, Tenn., facility. In July, Tennessee Labor Commissioner James Neeley will present the award at the Tennessee Safety Congress in Nashville.
DENSO International America, the North American headquarters of DENSO Corp., has awarded 24 students in Oakland County, Mich., a total of $30,000 in academic scholarships through the DENSO Oakland Schools Education Foundation (DOSEF). DENSO International America, the North American headquarters of DENSO Corp., has awarded 24 students in Oakland County,...
Pickups Plus, a retailer and national franchiser in the $38 billion truck and SUV aftermarket accessory industry, has acquired the Auto Preservation Division of Automotive International Inc. AI is a privately owned company based in Cincinnati, Ohio that supplies car care and environmental protection products.
Prestolite Electric Holding, a manufacturer of alternators and starter motors for heavy-duty, military and industrial applications, has been acquired by an affiliate of First Atlantic Capital, Ltd, a New York City-based private equity investment firm. First Atlantic Capital specializes in acquiring and growing both private and publicly owned middle-market companies,...
Last week it was announced that Qualitee International was acquired by AutoPartSource, a subsidiary of Roscigno Industries Inc. of Iselin, NJ. Roscigno is a holding company led by Frank Pagano, CEO of Coni-Seal, Lakewood, NJ. The new company, AutoPartSource, will remain headquartered in Richmond, Va., and will continue as a...
Last year was a remarkable year for the automobile market in China. Car production grew 80 percent and domestic car sales soared nearly 70 percent over the year before. During 2003 the total import to China of cars and car parts grew 86 percent over 2002. China now ranks fourth...
Delphi has been named one of the 100 Best Corporate Citizens for 2004 by Business Ethics magazine. Now in its fifth year, the annual listing identifies companies among the Russell 1000 -- the largest publicly traded companies -- that excel at serving a variety of stakeholders. Delphi ranked 34th overall...
