How’s Business?
There are some very strong signs that business will be good in 2004. Optimism among repair shop owners is as high as it’s ever been during the three years we have been tracking this data.
Treading a New Path
Goodyear Tire & Rubber Co. is hoping to make a huge splash with a new high-end line of all-season tires. The Akron, Ohio-based company will roll out its Assurance line this spring with its biggest advertising blitz in more than a decade. Goodyear is counting on the new tires to help deliver a turnaround after four years of disappointing sales.
Executive Interview with John Washbish, President – Customer Relationship Management, Dana Automotive Aftermarket Group (AAG)
Every other week, aftermarketNews.com offers an interview with a high-profile individual in the automotive aftermarket. We give executives free rein to express their views on anything from the state of their corporations to recent legislative news to future trends in their niche markets. Here you see what matters to the newsmakers themselves.
Comergent Technologies Acquires Profile Systems, Inc.
Comergent Technologies, a leading provider of demand chain management applications, has acquired Profile Systems, a developer of product information (PIM) and inventory management companies for business-to-business e-business. Under the terms of the agreement, Comergent Technologies has acquired all the outstanding Profile Systems shares and technology. Profile Systems employees have been retained in the West Springfield, Mass., office.
ProQuest Automotive and Hino Motors Sign First Electronic Parts Catalog Agreement
ProQuest Automotive announced that it has signed a five-year agreement with Hino Motors Ltd., Tokyo, Japan, to develop an electronic parts catalog (EPC) application for use in all of the North American dealerships of Hino Motors Sales U.S.A., Inc.
ArvinMeritor President and COO Terry O’Rourke Resigns
ArvinMeritor announced late yesterday that Terry O’Rourke is resigning from his position as president and COO, to pursue opportunities outside of the company. O’Rourke is resigning from the board of directors as well. The COO position will be eliminated. O’Rourke joined ArvinMeritor as president of the company’s Light Vehicle Systems (LVS) business group in March 1999, after serving as group vice president and president of Lear Corp.’s Ford Division.
UAW Organizes at Dana to Shore Up Membership
The UAW has organized about 2,000 workers at five Dana Corp. plants from Michigan to Tennessee as the union seeks to rebuild its active ranks and regain power in the auto industry. Along the way, the union faces opposition not only from workers who don’t want a union but also from those who want a tougher union that would fight and win better wages, benefits and working conditions. To them, the UAW has become too conciliatory as it strives to gain members.
Axles, Wheels on Crown Vics Investigated
Ford Motor Co.’s Crown Victoria sedans, the subject of lawsuits over fatal fires and a recall of some 2003 models for potential wheel cracks, face a U.S. inquiry after police departments said axles broke or wheels fell off. The investigation covers 287,819 police and civilian 2003 models of the Crown Victoria and the similar Mercury Grand Marquis and Lincoln Town Car, the National Highway Traffic Safety Administration (NHTSA) said on its Web site. Two police fleets reported that axles broke or wheels fell off on a total of four cars, without accidents or injuries, the agency said.
Goodyear to Seek Millions in Loans
Goodyear Tire & Rubber Co., on the verge of posting its third straight annual loss, said Tuesday it plans to take on an additional $300 million in loans to fund its turnaround. The Akron, Ohio, company said it is also taking steps to follow through on a promise made last year to the United Steelworkers of America to complete a large bond sale. The sale is designed to improve the company’s strength and protect union jobs.
Family Affairs at Two North American Supplier Giants Could Spell Trouble
The family ownership rampant among mid-sized German suppliers is sometimes seen as a liability compared to North America’s bottom line-obsessed car parts makers. But last week, two of North America’s biggest suppliers — Lear and Magna — looked more like fickle family enterprises than the publicly traded automotive giants they are.