Tower Automotive has sold its 30.76 percent interest back to Yorozu Corp. through a share buy-back transaction on the Tokyo Stock Exchange. Tower received proceeds of $51.7 million from the transaction. The divestiture is part of Tower's strategy of focusing on core operations and improving liquidity, said Kathleen Ligocki, president...
Citation Corp. has hired Charles "Chuck" Pestow as vice president of sales and marketing. Citation manufactures cast, forged and machined components for the capital and durable goods industries, including automotive and industrial markets. Pestow began his career with TRW, Inc., Cleveland, Ohio. In his twenty- seven years with that organization...
Ten executives from German companies that serve the automotive industry are in Charlotte, N.C., and upstate South Carolina this week to investigate expansion sites. While rushing to expand in China, German automotive companies still consider the U.S. the most attractive market, in large part because BMW, Mercedes-Benz, Porsche and Audi...
Wescast Industries Inc. plans to sell its 50 percent stake in its European joint venture with Linamar Corp. to Linamar, the auto-parts makers announced Wednesday. The two companies were still negotiating the sale of Weslin Industries Inc., and did not provide any financial details of the transaction. In a conference...
ASC Industries is expanding its international advertising reach through a new agreement with Canadian magazine publisher The Automotive Group, which focuses on the automotive aftermarket. ASC said it will concentrate its advertising in The Automotive Group’s warehouse distributor and technician-oriented publications: Jobber News and SSGM (Service Station and Garage Management).
Michelin North America has signed an agreement to serve as a preferred supplier of Michelin and BFGoodrich commercial truck tires for Pilot Travel Centers, one of the largest interstate travel center operations in the U.S. Michelin North America has signed an agreement to serve as a preferred supplier of Michelin...
American Tire Distributors has added to its team of equipment specialists with the recent hiring of Ralph Bachemin. Bachemin, who joined American Tire Distributors in January, handles automotive equipment sales and service for the company’s Mobile, Ala., distribution center, covering Southern regions of Louisiana, Alabama and Mississippi. Bachemin joins a...
U.S. Steel Corp. confirmed that it might not be able to produce about 50,000 tons of steel for its automotive customers at its Great Lakes plant in Ecorse after one of its huge steelmaking containers was damaged Friday. John Armstrong, a U.S. Steel spokesman, said the container, used to melt...
The Tire Industry Association (TIA) has unveiled a new logo for the TIA World Tire Expo, the conference and exhibition for the commercial tire, retreading and recycling industries. The event is scheduled to be held April 20-22, 2005, in Louisville, Ky. “The new WTE logo works with our logo to...
Dura Automotive Systems has announced it will standardize its North American manufacturing operations on QAD MFG/PRO eB2 and related applications. QAD Inc. is a provider of enterprise applications for global manufacturers. QAD Global Services will work together with Dura to provide consulting and implementation services. Dura will deploy MFG/PRO eB2...
