News
Kumho Planning Dual IPO
London’s Financial Times has confirmed that Kumho Tire Co. will make an initial public stock offering, but is planning a dual IPO on stock exchanges in both Seoul and either New York or London.
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London’s Financial Times has confirmed that Kumho Tire Co. will make an initial public stock offering, but is planning a dual IPO on stock exchanges in both Seoul and either New York or London.
The U.S. Supreme Court heard oral arguments Dec. 8 on a popular promotional and educational program that could have dramatic implications on the future of any tire industry check-off program.
Hayes Lemmerz International is exploring the potential divestiture of its Commercial Highway Hub and Brake Drum business. This includes the operations in Berea, Ky., Chattanooga, Tenn., and the MinCer operations in Mexico City, Mexico. The sale would not include the company's Automotive Brake Business that manufactures brake components for the...
ASC Industries, a Canton, Ohio-based manufacturer of automotive water pumps, has reports significant business growth due to its high-tech manufacturing environment. A number of years ago, ASC created a high-tech manufacturing environment, which Swaldo said has proven that efficiency pays dividends. The company recently added another fully-automated robotic water pump...
The Mobile Air Conditioning Society (MACS) Worldwide said it is taking steps to protect its trade show exhibitors and the mobile A/C and engine cooling industry as a whole against counterfeiting and trademark infringement. MACS will hold its 25th Anniversary Convention and Trade Show February 1-3, 2005 at the Las...
Tower Automotive's postponed payment of a dividend and failure to amend a credit agreement "has increased significantly" the risk that the company might file for bankruptcy, an investment analysts' report has warned. Tower, based in Novi, Mich., said Friday it was postponing payment of a $4.4 million dividend tied to...
Advance Auto Parts has elected William Oglesby, senior managing director for The Blackstone Group, to its board of directors.
Less than a year after becoming a separate entity, China Manufacturers Alliance Inc. has changed its name to American Pacific Industries Inc. (API), and will expand its product offering to include tires produced in India and Indonesia.
Mary Beth Loesch has joined Activant Solutions as its new vice president of business development. With more than 20 years experience in both private and public companies, Loesch is charged with driving Activant's top-line growth through new market expansion and acquisitions. Larry Jones, CEO of Activant, said Loesch will play...
Johnson Controls top executive made more than $4 million in the company's last fiscal year, a 40 percent increase for the second straight year, the company said in a filing with securities regulators. The Glendale, Wis.-based company said John Barth, its chairman, chief executive and president, was paid $4.3 million...
