Cooper Tire & Rubber Co. has signed a definitive agreement to sell its automotive business, Cooper-Standard Automotive, to an entity formed by The Cypress Group and Goldman Sachs Capital Partners for approximately $1.165 billion in cash. The Cypress Group is by now a familiar name to many in the aftermarket....
An economic group in Wichita, Kan. has added the automotive industry to a list of industries that it would like to target in its effort to draw more jobs to the town. A Sept. 14 article in the Wichita Eagle reported that the Greater Wichita Economic Development Coalition -- the...
About 10 years ago, Lombard, Ill.-based Olson International Ltd. had four manufacturing plants making components for seat belts, airbags and other parts for the automotive industry. Besides Lombard, plants were at their peak in Chicago, Texas and Mexico with as many as 1,000 workers at one time. But that time...
The National Automotive Service Task Force (NASTF) has formed a new NASTF Vehicle Security Committee to address recent issues raised by automotive security professionals. The decision was made to establish the new committee after a working group of locksmith and automaker representatives met in May and July. Paul Kanitra, government...
As a prelude to this year's Congress of Automotive Repair and Service (CARS), the Environmental Protection Agency (EPA) will host a special session to discuss the implementation of the original equipment manufacturers' service information Web sites. The session will take place Wednesday, Nov. 3, at the Flamingo Las Vegas. Several...
BorgWarner Emissions/Thermal Systems has appointed Joe Meyer to the position of aftermarket business manager. In this role, Meyer will be responsible for leading the sales initiatives in North America for the independent aftermarket business. According to Mark Linton, director, North American Fleet and Aftermarket Sales for BorgWarner Emissions/Thermal Systems, Meyer's...
The Mobile Air Conditioning Society (MACS) Worldwide is recognizing its president and COO Elvis Hoffpauir for 25 years of service to the industry. Hoffpauir has been with MACS since 1981, first serving as managing director, then senior vice president, and since July 2000 he has served as president and COO....
Pro-Spray European Automotive Finishes announced today that David Vivian has joined the company as a territory sales manager. He will be responsible for the implementation of sales efforts to develop, service and grow markets in his region, and will report to Tom Gardner, business unit director, paints and coatings.
A new report from the Automotive Aftermarket Industry Association (AAIA) shows that when faced with major engine problems, price was the most frequently cited factor for consumers when deciding whether to install a new, used or remanufactured engine into their vehicles.
MEMA has released a new publication, "Complying with the 'Made in the USA' Standard," that provides tips on compliance with the "all or virtually all" standards required for any product advertising itself as "Made in the USA."
