Auto Parts Industry Feels Chill
Some North Carolina automotive supply companies may soon be squeezed out of the market as U.S. automakers, struggling with declining sales, ramp up their efforts to cut costs. Last month, General Motors, the world’s largest automaker, said it would set price targets for the auto parts it buys. Companies that are unable to produce parts at a certain price will be automatically out of the bidding.
Dana Appoints Tom Stone to Lead Global Traction Operations
Thomas Stone has joined Dana Corp. as president of its traction group. In this role, Stone assumes global responsibility for Dana’s light-axle manufacturing and assembly operations.
AutoCom Associates Wins MarCom Creative Award
AutoCom Associates, a Bloomfield Hills, Mich.-based public relations agency, recently received a platinum award in the annual MarCom Creative Awards competition. The MarCom Creative Awards competition recognizes outstanding achievement by marketing and communications practitioners. This year, there were more than 3,300 entries from around the world. The platinum award is the top honor for excellence in quality, creativity and resourcefulness.
Metaldyne Names Tom Chambers President of Engine Group
Metaldyne Corp. has announced that Tom Chambers has joined the company as president of its Engine Group. He replaces George Thanopoulos who resigned to pursue other opportunities. Prior to this appointment, Chambers has held a variety of positions in the automotive industry. Most recently, he served as president of Piston Automotive.