Goodyear to Report 2003 4Q Results on May 19
The Goodyear Tire & Rubber Co. said it would report fourth quarter 2003 financial results, plus details of its restatement of financial results for the years 1999-2003 on Wednesday, May 19. The report will be followed by an investor conference call at 9 a.m. Robert Keegan, chairman and CEO, and Robert Tieken, executive vice president and CFO, will participate in the conference call. They will also provide an outlook for the first quarter of 2004.
Corteco Acquires Precision Automotive Industries
As part of an effort to strengthen its position as a major supplier in the automotive aftermarket, Corteco, the aftermarket business of Freudenberg-NOK, has acquired Precision Automotive Industries (PAI), a Burnsville, Minn.-based supplier of bearings and seals. Terms of the agreement were not disclosed.
Aftermarket Technology Corp. Appoints New CFO
Aftermarket Technology Corp.’s board of directors has appointed Todd Peters as CFO, succeeding Barry Kohn who has resigned, to pursue a new business opportunity. Peters joined ATC in March as the company’s vice president of finance. Prior to joining the company he was employed by TriMas Corp.
Tap Into Technology Solutions at Aftermarket eForum 2004
Make your plans now to attend the 2004 Aftermarket eForum — Solutions Today for Tomorrow’s Technology Challenges, scheduled to take place August 2-4 at the Hyatt Regency O’Hare in Chicago, Ill. Aftermarket eForum, supported by University of the Aftermarket, is the only conference focused exclusively focused on the automotive aftermarket. Building on the success of the past three years, the 2004 eForum will feature an expanded format that includes breakout sessions and a full vendor trade show. Topics will include data synchronization, paperless warehouse operation, automated replenishment, data mining and e-commerce for small business.
Toyota Earnings of $10 Billion Solidify Hold on 2nd Place
Toyota Motor on Tuesday became the first Japanese company to report a net profit of more than a trillion yen, or about $10 billion, firmly establishing its position as the world’s No. 2 automaker ahead of Ford Motor.
Pickups Plus Appoints New COO
Pickups Plus, a leading retailer and national franchiser in the $38 billion truck and SUV aftermarket accessory industry, has appointed Sean Hayes COO. Hayes who joined Pickups Plus, in April 2003, will lead the integration of the company’s new acquisition, Auto Preservation, into the company’s corporate structure and expansion plans. Hayes will also be in charge of disseminating appropriate information to shareholders and the expansion of the company’s franchising business.
Transpro Names Paul Verdile Senior Product Manager
Transpro has appointed Paul Verdile senior product manager for its Automotive Light Truck Heat Exchanger Business Unit. In this position Verdile will be responsible for all product development and strategic planning functions for product lines that include Ready-Rad radiators and Ready-Aire heater cores and air conditioning condensers. He will report to Layne Gobrogge, Transpro’s vice president of marketing and will be based in New Haven, Conn.
MEMA President Chris Bates Resigns
MEMA chairman Scott Meyer announced today that Chris Bates, president and CEO of the association since 2001, has resigned from the organization after 16 years of service. A reason for Bates’ resignation was not provided. MEMA has formed a search committee to identify and evaluate potential successors to Bates.
Yellow Roadway Expands Relationship with Michelin
Yellow Roadway Corp. has expanded its relationship with Michelin for new tires, retreads and service for the Yellow and Roadway fleets. Michelin said it expects Yellow Roadway will become one of its largest North American tire and retread customers. Michelin will supply more than half of the tires and retreads required to support the 450,000 consolidated wheel positions for Yellow Roadway.
Edelbrock to Sponsor 2004 Super Chevy Show Series
Continuing its longstanding belief in the grassroots approach with racers and car enthusiasts, Edelbrock has signed on as a contingency sponsor for the 2004 Super Chevy Show Series. “The Super Chevy Show Series is a great way for Edelbrock to meet with our loyal race customers and fans and hear what they have to say,” said Jason Snyder, Edelbrock national sales manager.
Alcan Opens First of Two North American Automotive Facilities
Automotive aluminium supplier Alcan Automotive has opened a new manufacturing facility in Novi, Mich. The new plant is first phase of Alcan’s North American expansion. A sister facility is also under construction in Saguenay, Quebec. Automotive aluminium supplier Alcan Automotive has opened a new manufacturing facility in Novi, Mich. The new plant is first phase of Alcan’s North American expansion. A sister facility is also under construction in Saguenay, Quebec. The two plants represent a $30-million investment to serve the growing lightweight structural sub-system market in North America, said Dale Ewing, general manager for Automotive Structures North America — part of Alcan’s Engineered Products group.
CARDONE Honored by National Catalog Managers Association
CARDONE Industries recently received six awards for catalog excellence from the National Catalog Managers Association (NCMA) for print and electronic data. The awards were presented on May 4 at the 31st Annual NCMA Conference in Orlando, Fla.