Lear Probe Looks for Nepotism
Auto-interiors supplier Lear Corp. said Tuesday the Securities and Exchange Commission has opened an informal investigation into its employment of corporate officers’ relatives and insider business transactions. The Southfield, Mich., parts maker said the SEC might look at several years of SEC filings that outline familial connections within the company, which include more than a dozen workers and upper-level executives. The latest filing, the company’s 2003 proxy statement, reveals that CEO Robert Rossiter had at least seven relatives working for Lear or for a company associated with Lear in 2002.
More Details on the Future of Honeywell’s Friction Materials Business
Yesterday, Honeywell announced that it had terminated discussions with Federal Mogul regarding the possible sale of its friction materials business, which manufactures and markets the well-known aftermarket brand Bendix. After several months of negotiations, the parties were unable to agree on terms of a deal. Now Honeywell has reported that the friction materials division will remain part of Honeywell and will become closely aligned with the company’s business initiatives and operating plan. According to Joe Puishys, president of Honeywell friction materials, the company is in the process of making investments in both the aftermarket and OE segments of the business.
Deadline for 2004 GAAS Scholarship Is March 31; Applications Available Online
The deadline to apply for a Global Automotive Aftermarket Symposium (GAAS) scholarship – awarded to students planning an aftermarket career – is Wednesday, March 31. The scholarships are available to students in two-year technical college programs and vocational schools and four-year college programs.
Aftermarket Veteran George Halford Dies
George Halford, co-owner and vice president of H.B. International Marketing Services, died this week. A Royal Air Force veteran who served in World War II, Halford emigrated to Canada in 1957 and entered the automotive business. In 1966, he purchased BMC dealership for Triumph, MG and Jaguar, and in 1976, opened three jobber stores. Halford formed Tandem Marketing Co., an automotive parts sales agency, in 1980, and in 1987 merged with Bearden Marketing Services to form H.B. International Marketing Services, Inc.
Siemens VDO Automotive Names N.A. Williams “Sales Agency of the Year”
Automotive supplier Siemens VDO Automotive has named Atlanta, Ga.-based N.A. Williams Agency “Sales Agency of the Year” for 2003. N.A. Williams is responsible for Siemens VDO Automotive’s sales activities in the Southeast Region, including Virginia, South Carolina, North Carolina, Georgia, Alabama, Mississippi and Tennessee. The N.A. Williams Agency, which was founded in 1934, specializes in the automotive aftermarket, serving a variety of major manufacturers. They have been a representative of Siemens VDO for the past six years.
ASA Announces Dates, Location, Theme for CARS 2004
The 2004 Congress of Automotive Repair and Service (CARS) will be held Nov. 4-6. CARS 2004, sponsored by the Automotive Service Association’s (ASA) Mechanical Division, is an official event of Automotive Aftermarket Industry Week (AAIW), held annually in Las Vegas. This year’s event will take place at a new venue — The Flamingo Las Vegas — more conveniently located near the Sands Expo Center, the home of the Automotive Aftermarket Products Expo (AAPEX).
More Aftermarket Eye Candy at This Year’s North American International Auto Show
Although there’s no shortage of muscle on the main floor at this year’s North American International Auto Show — the 850-horsepower Chrysler ME412 concept is only the beginning — there’s also a subterranean performance theme that’s been missing from previous shows. Once the take-it-or-leave-it realm of marginal players like Daewoo and stillborns like the revival Cunningham sports car, Cobo Center’s downstairs Michigan Hall exhibit area is studded this year with an intriguing array of production vehicles enhanced by aftermarket bolt-on goodies: designer wheels, low-profile tires, oversize brakes, high-performance shock absorbers and more.
Delphi Appoints Three New Sales Managers in North America
Delphi Corp. has named three new sales managers for North America. Jim Eady, Darrel Reuss and Steve Tucker will serve as regional sales managers for vehicle electronics in North America for Delphi Product & Service Solutions. Eady will cover the Southeast, Reuss the Midwest and Tucker the Northeast and all will report to Scott Donnelly, North American vehicle electronics sales manager.
Jack Roush Named First Recipient of SKF X-Tracker Award
Jack Roush, CEO of Roush Industries and owner of the Roush Racing Team, has been named the first recipient of the SKF X-Tracker Award. The international award recognizes an individual who has achieved success in the face of extreme challenges or adversity. SKF selected Roush as the first X-Tracker Award recipient due to his legendary success in the automotive and racing industries and his perseverance through his recovery from life-threatening injuries sustained in a 2002 airplane crash.
ASA Names New Vice President of Communications, New Manager of Web Operations
Angie Wilson has been named the Automotive Service Association’s (ASA) new vice president of communications. She replaces Ken Roberts, who has left the position to pursue opportunities in another industry, according to ASA. ASA has also promoted Colby Horton to manager of Web operations.