ATK Names Dan Belling President
Dan Belling, vice president of sales and marketing for ATK North America, has been promoted to the position of president. As president, Belling will be responsible for all of ATK’s U.S. operations. ATK North America is part of the VEGE Group, an international remanufacturing organization specializing in replacement engines and transmissions for passenger cars and light trucks.
DST Asks: Have You Explored the Benefits of Formless Printing Technology?
Many firms throughout the supply chain have discovered the benefits and enormous payback of investing in formless printing technology (formless printing eliminates the requirement for costly preprinted forms, such as invoices). Have you explored the potential ROI benefits that formless printing could provide your business within months of implementation? Have you further explored the potential benefits of direct electronic communication of formed documents via e-mail or e-fax?
Firms Eye Cooper, Dana Auto Part Units-Sources
A handful of large private equity firms are considering bids for two key automotive parts businesses on the auction block, sources close to the situation said. Both Dana Corp. and Cooper Tire and Rubber Co. have announced they may divest their auto parts businesses. Each unit may separately fetch $1 billion or more, analysts estimate.
Castrol SYNTEC Blend DIFM Sales Increase 80 Percent in 2003
Castrol Consumer North America offers operators a choice between conventional and synthetic motor oils, with Castrol SYNTEC Blend, a part synthetic motor oil, which provides added engine protection for severe driving conditions.
High-tech is Giving Drivers Another Set of Eyes on Highways
Advances in automotive technology are giving drivers another set of eyes. There is parking assistance that backs a car into a parking space, miniature cameras that help a driver see at night and in blinding sunlight, detection devices that sound an alert when a driver crosses into a lane without activating the turn signal or starts to get too close to a pedestrian.
Goodyear Chairman Robert Keegan Joins Sumitomo Board
Goodyear Chairman and CEO Robert Keegan has been elected to the board of directors of Sumitomo Rubber Industries Ltd. in Kobe, Japan. Goodyear Chairman and CEO Robert Keegan has been elected to the board of directors of Sumitomo Rubber Industries Ltd. in Kobe, Japan.
Metaldyne Launches Internal Inquiry
Auto supplier Metaldyne Corp. has launched an internal investigation into questionable accounting practices for the last seven years that could have resulted in overstating the company’s earnings by $20 million. The error was followed by a cover-up to balance the books, the company said.
DST Asks: Do You Sell from Inventory Locations that are Not Your Own or Are You Making Plans To?
The old maxim “You can’t sell from an empty shelf” has become outdated. Why? Because technology can ensure that shelves are never bare, at least from the customer’s standpoint, with the advent of the Virtual Inventory Network (VIN) — a term coined by DST to encompass B2B, B2C, and Peer-to-Peer e-commerce. A VIN, also sometimes referred to as a Virtual Sales Network, can provide leverage and cohesiveness of shared inventory across multiple trading partners both up and down and across the supply chain.
Continental to Acquire Phoenix AG
Continental AG has said it intends to acquire Phoenix AG of Hamburg, Germany. Continental will launch a public tender offer of EUR 15 per share (approximately $18 per share) for all outstanding shares of Phoenix AG. Officials at Continental AG said the company views the proposed takeover as a significant step in its strategy of further developing its ContiTech division, a leading global supplier of technical elastomers.
Kumho Kicks off Spring/Summer Season with New Sweepstakes
Kumho Tire USA is kicking off the spring and summer sales seasons with a sweepstakes designed to promote the ECSTA ASX, the company’s new ultra-high performance all-season tire. The sweepstakes will give away more than 1,100 prizes, with the grand prize a customized MINI Cooper S. Other prizes include 10 sets of ECSTA ASX tires, 100 roadside emergency kits and 1,000 KUMHO CD cases.