Timken Latrobe Steel, a subsidiary of The Timken Co., has announced it will increase prices by 5 percent on high speed steel products. The price increase will take effect with new orders received beginning June 1. The company said raw material surcharges will remain in effect.
Clevite Engine Parts recently launched the Clevite Engine Builder Club, a new, one-of-a-kind club aiming to further the professional careers of engine builders across the country and around the world.
Oxford Automotive, Inc. announced the closing of the sale of its manufacturing facility located in Ramos Arizpe, Mexico for approximately $40 million (including $3 million to be held in escrow). Pending investment of the net proceeds in capital assets, the company has applied the funds to reduce the amount currently...
Michelin has decided to buy a 10 percent stake in PT Gajah Tunggal (GT), a tire manufacturer and distributor located in Southeast Asia.
U.S. Transportation Secretary Norman Mineta and NASCAR President Mike Helton have joined forces in launching a new traffic safety alliance with the racing league aimed at saving the lives of everyday drivers on America's roads. Secretary Mineta made the announcement while in Richmond, Va., appearing as the grand marshall of...
The U.S. Environmental Protection Agency (EPA) has issued a final rule on National Emission Standards for Hazardous Air Pollutants (HAP) for automobile and light-duty surface coating operations. The EPA says the new rule will protect air quality and promote public health by reducing emissions of hazardous air pollutants. The rule...
On May 13 at its board of directors meeting, The Yokohama Rubber Co. announced changes in directorships and the introduction of the position of “corporate officer.” The changes will become effective upon approval at a shareholders meeting scheduled for June 29. Hisao Suzuki, vice president, representative director, will retire from...
The Board of Directors of ThyssenKrupp Budd Co. has elected three new corporate vice presidents. Markus Boening has been named corporate vice president and CFO. He formerly served as director, corporate finance and controlling. He joined the company in December 2003 after serving as senior project manager in the Mergers...
Visteon has named Jim Ryan as its new director of North America Aftermarket Sales. In this role, Ryan will be responsible for the growth and development of Visteon's North American Aftermarket Underhood Parts business,which offers products ranging from air conditioning and heat transfer to starters and alternators. Ryan recently served...
An important tool for protecting the coveted trademarks of aftermarket companies is to record registered trademarks with the U.S. Customs Service. U.S. Customs only has authorization to seize shipments that infringe on recorded trademarks, copyrights and trade names. By recording trademarks with customs and by working closely with the agents...
