ArvinMeritor Announces Finance Leadership Appointments
Robert “Rob” Guy has been named vice president of finance for ArvinMeritor’s light vehicle systems (LVS) business group. Marc Pensa has been named vice president of finance for ArvinMeritor’s commercial vehicle systems (CVS) business group. Robert “Rob” Guy has been named vice president of finance for ArvinMeritor’s light vehicle systems (LVS) business group. Marc Pensa has been named vice president of finance for ArvinMeritor’s commercial vehicle systems (CVS) business group.
Greg Potter Named 2004 ETI President
Greg Potter of Chief Automotive Systems has been elected 2004 president of the Equipment and Tool Institute (ETI).
OE Suppliers May Drop By 50 Percent: Group Predicts Half Will Go Under by 2010
The auto industry is on track to lose half of its parts suppliers by 2010 because of escalating pressure to reduce component prices. That prediction from the Original Equipment Suppliers Association (OESA), a trade group that represents suppliers, comes in response to a new survey that found automakers are demanding more and steeper price cuts from parts makers.
DENSO Becomes Toyota’s Corporate Sponsor for F1
Toyota Motor Corporation and Toyota Motorsport GmbH have announced today that DENSO Corp. has become a corporate sponsor for the Panasonic Toyota Racing F1 team from the 2004 season. DENSO has supported the Toyota F1 team as a technical partner since 2002, providing products such as tailor-made spark plugs for the team’s V10 engine.
Honeywell and Federal-Mogul End Talks Regarding Bendix Friction Materials Business
Honeywell has ended its discussions with Federal-Mogul regarding the possible sale of Honeywell’s Bendix friction materials business. After several months of negotiations, the parties were unable to agree on the terms of a deal, said Honeywell officials. The two companies entered into a letter of intent nearly one year ago.
The Results Are In: Seventy Percent Say AAPEX is Worth the Cost
The results are in from the first edition of “AMN Asks” — the new weekly aftermarketNews.com poll. Last week, we asked whether you thought the annual AAPEX Show in Las Vegas offers “complete value” for the amount of time and resources you spend to attend. The annual Automotive Aftermarket Products Expo, which takes place in Las Vegas every fall, is the largest gathering of aftermarket products and people under one roof. It’s a chance to network, check out new products and attend informative seminars. It’s fast-paced and frenetic and can be a world of fun, however, on the flipside, it’s also an exhausting week of glad-handing and schmoozing in a very pricey town. Is it offering the best bang for your buck?
Manufacturers’ Rep Conference Slated to Take Place in Conjunction with GAAS
AAIA has announced details of its upcoming Manufacturer’s Representative Conference, which takes place in conjunction with the 2004 Global Automotive Aftermarket Symposium. The conference, slated for May 16-17 at the Hyatt Regency O’Hare in Chicago, Ill., will address “Industry Partnerships – Developing Strategies for a Profitable Future.” Parts Plus President Mike Lambert is among a number of industry experts scheduled to speak at the event.
Oxford Automotive Names Two to Top Management Positions
Oxford Automotive, a $1 billion Tier 1 supplier of specialized welded metal assemblies, has announced two key management changes. Jeffrey Wilson, current president of Oxford Automotive’s North American division, has been appointed president and COO of Oxford Automotive Inc. Patrick Flynn, current vice president of strategic planning, has been named CFO, replacing Martin Welch who resigned last week to pursue other interests.
MACS Announces New Sponsorships for 2004 Convention
Four Seasons, a division of Standard Motor Products, has announced its sponsorship of “Crank it UP!” — the 24th annual Convention and Trade Show of the Mobile Air Conditioning Society (MACS) Worldwide. The convention takes place January 22-24 at the Caribe Royale All-Suite Resort in Orlando, Fla. Sanden International has announced its gold sponsorship of the event, bringing drag racing legend Big Daddy Don Garlits to the convention to present the keynote speech during a luncheon on Saturday, January 24th at noon. Garlits will speak on teamwork and working toward success.
Cooper Tire Ups Investments in U.S. Manufacturing Plants, Hires 116 Plant Workers
Cooper Tire & Rubber has increased capital equipment investments in three of its four U.S. tire manufacturing facilities. The company said this increase provides additional production capacity of more than 2.4 million units to meet the steadily increasing demand for the company’s tires. The $32.1 million investment will include the purchase of new tire building machinery and presses. An additional 116 manufacturing employees will also be hired.
R. L. Polk Canada Announces Management Changes
Kendra Rawls has been appointed vice president, R. L. Polk & Co. and general manager, R. L. Polk Canada, Inc. In this position, Rawls is responsible for managing Polk’s activities in Canada including vehicle registration reporting, automotive intelligence and analysis and marketing solutions. Rawls replaces Bill Murray who has been named vice president of international development at Polk’s international headquarters in Southfield, Mich. Murray is now responsible for overseeing operations in Brazil, Canada and Mexico plus the development of product offerings in Polk’s emerging markets.
Stoneridge Adds Two New Directors to Its Board
Automotive components manufacturer Stoneridge has appointed John Corey and William Lasky to the company’s board of directors. Corey is president and CEO of Safety Components International, a supplier of air bags and components. He previously held positions as president of the Stanley Mechanics Tools Division, AlliedSignal’s automotive aftermarket products division and Moog Automotive. Lasky is chairman, president and CEO of JLG Industries, a diversified construction and industrial equipment manufacturer. Prior to joining JLG, Lasky spent 22 years in various positions of increasing responsibility with Dana, including president of its Filtration Products Worldwide business from 1997 to 1999.