Axles, Wheels on Crown Vics Investigated
Ford Motor Co.’s Crown Victoria sedans, the subject of lawsuits over fatal fires and a recall of some 2003 models for potential wheel cracks, face a U.S. inquiry after police departments said axles broke or wheels fell off. The investigation covers 287,819 police and civilian 2003 models of the Crown Victoria and the similar Mercury Grand Marquis and Lincoln Town Car, the National Highway Traffic Safety Administration (NHTSA) said on its Web site. Two police fleets reported that axles broke or wheels fell off on a total of four cars, without accidents or injuries, the agency said.
Bandag Reports Fourth Quarter Results
Bandag Inc. has reported consolidated net income of $29.1 million, or $1.50 per diluted share, for fourth quarter 2003, compared to consolidated net income of $17.5 million, or $0.91 per diluted share in the fourth quarter 2002. Net income for both the fourth quarter 2002 and 2003 included favorable tax adjustments of approximately $3 million, or $0.15 per diluted share, resulting primarily from the resolution of certain tax matters.
GAAS Fund Organizers Announce $50,000 GAAS Scholarship Challenge
An anonymous donor has issued a $50,000 fund raising challenge for the Global Automotive Aftermarket Symposium (GAAS) scholarship program, awarded to students planning aftermarket careers. The “$50,000 GAAS Scholarship Challenge” was initiated after the donor committed to donate up to $10,000 to the Global Scholarship fund in 2004 and will match 25 percent of all other donations to the fund up to a matching amount of $10,000. The challenge campaign aims to net the fund a total of $50,000 in donations. Delphi Corp. has made the first challenge donation of $3,000.
SEMA Chairman Named 2004 Meguiar’s Award Recipient
Corky Coker of Coker Tire, chairman of SEMA’s board of directors, was chosen as the 2004 Meguiar’s Award recipient by the Meguiar’s Award Selection Committee. The award recognizes individuals who have significantly impacted the collector-car hobby. Past recipients include: Steve Earle, founder of the Historic Sports Car Racing Association; Robert Petersen, founder of Motor Trend and Hot Rod magazines; and “Tonight Show” host Jay Leno.
Family Affairs at Two North American Supplier Giants Could Spell Trouble
The family ownership rampant among mid-sized German suppliers is sometimes seen as a liability compared to North America’s bottom line-obsessed car parts makers. But last week, two of North America’s biggest suppliers — Lear and Magna — looked more like fickle family enterprises than the publicly traded automotive giants they are.
Hayes Lemmerz Renames European Wheel Group
Hayes Lemmerz International has changed the name of its European Wheel Group to the International Wheel Group. The company said the new name is intended to reflect the increased global awareness and presence of the group. The International Wheel Group has undergone extensive growth in areas outside of Europe, including South Africa, India, Brazil, Thailand, Mexico and Turkey, according to Fred Bentley, president of Hayes Lemmerz’ International Wheel Group.
Walt Disney Pictures to Draw New Fans with “Cars”
Film legend Paul Newman will lend his voice to a car character in the upcoming animated feature film “Cars.” The film is the latest production from Pixar Animation Studios’ Academy Award-winning director John Lasseter (“Toy Story,” “Toy Story 2,” and “A Bug’s Life”) and is presented by Walt Disney Pictures. In conjunction with this new role, Newman will take the wheel of the Disney/Pixar sponsored racecar on Jan. 31 and Feb. 1 at “The Rolex 24 At Daytona” race in an attempt to break his own record. Newman holds a place in the Guinness Book of World Records as the oldest driver to win a professionally sanctioned race in 1995 at Daytona.
Coyle Named to Fuel Systems Job at TI Automotive
Patrick Coyle has been named North American regional director for TI Automotive’s Global Fuel Systems Division. Previously, Coyle was responsible for global fuel-system quality. TI Automotive is a tier one supplier of integrated fuel-storage and delivery systems.
Delphi Becomes Official Safety Supplier to IRL
In the first-ever agreement of its kind, Delphi has been designated the “Official Safety Supplier” to the Indy Racing League (IRL). Beginning this year, the league’s safety and rescue team will become the Delphi Indy Racing League Safety Team. The Delphi Indy Racing League Safety Team includes 15 trained professionals who will attend all IndyCar Series and Menards Infiniti Pro Series events to handle on-site emergencies. In addition, Delphi will provide new safety technologies for safety vehicles used by the team and will provide hydraulic sled testing and analysis services at the Delphi Safety Systems Test Center, a state-of-the-art safety testing facility in Vandalia, Ohio.
Modine Expands Aftermarket Radiator Model Coverage
The aftermarket division of Modine Manufacturing has added more than 100 complete replacement radiators to its 2004 product line. The expanded radiator line, currently available, includes thousands of applications from domestic and import cars and light trucks. Modine’s aftermarket supplies replacement radiators both nationally and internationally, including distribution through major national accounts like NAPA, Pronto, Parts Plus, APA, independent automotive parts distributors, and more than 25,000 local repair outlets.
Fusor Named Preferred Supplier by Keystone Automotive
Keystone Automotive has named Lord Corporation’s Fusor Automotive Repair Adhesives a preferred supplier. Fusor Automotive is a provider of metal and composite bonding solutions for automotive body repair. Lord Corp. provides its full product-line of Fusor Automotive Repair Adhesives to Keystone Automotive Industries, specifically their adhesives for metal bonding, plastic repair and bumper repair; as well as their seam sealers and foams. According to the Keystone supplier performance summary, Lord earned 100 points on a rating scale with a total possible 100 points. Program criteria included quality, order fill rate and order lead-time.
Holley and DuPont to Sponsor Second Annual NHRA National Hot Rod Reunion, June 18-20
Holley and DuPont Automotive Finishes, the major sponsors of last year’s inaugural NHRA National Hot Rod Reunion, have signed on again for the second annual event. The second annual Holley NHRA National Hot Rod Reunion, presented by DuPont Automotive Finishes, is set for June 18-20, at Beech Bend Park, in Bowling Green, Ky. Like last year, Holley is the title sponsor while DuPont Automotive Finishes is the presenting sponsor.