Shell Racing Solutions has signed an agreement with Performance Products LLC to distribute Shell Racing Fuels to the U.S. motorsports industry. Performance Products has 15 years of experience in the U.S. race fuels business. Performance Products has serviced professional race series such as Indy Racing League (IRL) and Championship Auto...
Kathleen Schmatz, AAIA president and CEO, and Al Gaspar, president emeritus, addressed a group of 30 Wall Street investors at a luncheon meeting at the Yale Club in New York City last week. The latest statistics and trends on the size, shape and structure of the aftermarket were addressed, as...
Snap-on Tools has expanded its partnership with Pedregon Racing, serving as associate sponsor of the Funny Cars of Cruz Pedregon and Tony Pedregon of Pedregon Racing, Troy, Mich. Snap-on began its relationship with Pedregon Racing during Cruz Pedregon's 1992 championship season. The agreement continues Snap-on's sponsorship of Cruz Pedregon, while...
LKQ Corp., a nationwide provider of recycled OEM automotive replacement parts, has acquired Global Trade Alliance (GTA), one of the largest suppliers of aftermarket collision automotive replacement parts in the Midwest. GTA operates primarily as Action Crash Parts and Midwest Fender. LKQ paid $30 million for the acquisition, $1.5 million...
Former BorgWarner Executive Vice President and CFO George Strickler has been named executive vice president and CFO for Republic Engineered Products, one of North America's largest producers of special bar quality steel. Prior to joining BorgWarner in 2001, Strickler served as vice president of finance for Akron, Ohio-based Goodyear Tire...
John Fiedler, retired chairman and CEO of BorgWarner, has been appointed to Snap-on's board of directors. Fiedler served as BorgWarner's chairman and CEO until 2003. Prior to 1995, he was president and COO. During his tenure, BorgWarner increased its revenues from $800 million to roughly $3 billion.
Robert Bosch Corp. hopes to draw customer attention to the advantages of installing Bosch Platinum spark plugs with its new "Get the Big Picture" sweepstakes. The promotion gives customers a chance to win an RCA 61-inch DLP HDTV, in addition to a 60 cent rebate on the purchase of four...
About 1,200 retirees of Milwaukee's Tower Automotive plant who opt to keep their current medical coverage will see their monthly health insurance premiums quadruple, or more. Premiums for some of the retirees have increased to more than $1,000 a month. Company officials say skyrocketing healthcare costs have given them no...
Goodyear Tire & Rubber Co. may have violated its contract with the United Steelworkers of America by deciding to build a new line of passenger tires at a nonunion plant in Lawton, Okla., the union said. But the Akron tire maker denies it has broken the contract, and said it...
Metaldyne has opened a new 27,000-square-foot technical center in Plymouth, Mich., which will be dedicated to the company's chassis group. The facility will house chassis group personnel including finance, human resources, product engineering, program management, quality and testing. A 13,000-square-foot test lab will serve as the design and development center...
