American Axle & Manufacturing Elects New Board Members
American Axle & Manufacturing Holdings (AAM) has appointed two new members to its board of directors: Dr. Henry Yang, chancellor at the University of California, Santa Barbara, and Thomas Martin, a retired DaimlerChrysler financial executive.
Rema Tip Top/North America Announces Two Executive Appointments
Rema Tip Top/North America’s TRM division has expanded its national account department and appointed two new executives. As part of the expansion, Kevin Sapp has been named national account manager. In this new role, Sapp will continue to develop Rema Tip Top’s business with OEM tire manufacturers, retread material manufacturers, retail tire chain, mass merchandisers and automotive distribution chains. Additionally, the company has named Michael Gibson as its new south central zone territory manager. Gibson brings 11 years of experience to the position, coming from Schrader-Bridgeport where he fulfilled various responsibilities in sales, operations and purchasing.
Delphi Achieves Record $3.2 Billion in Commercial Vehicle Business Bookings in ’03
Delphi achieved a record $3.2 billion in new commercial vehicle business bookings during 2003, according to company officials. Much of the new business is with Delphi’s engine management systems, along with audio, safety, climate control and electrical/electronic distribution systems, according to Maggart. While every major region saw a business increase during the year, a majority of the growth came from Asia-Pacific and Europe.
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.
The Timken Company Names Jacqueline Dedo as Automotive Group President
The Timken Company announced that Jacqueline Dedo has joined the company as president – Automotive and an officer of the company. She will report to James Griffith, president and CEO, and will have responsibility for the company’s global $1.4 billion Automotive Group.
Herman Trend Alert: Electronic Connectivity
Rapid developments are underway in the field of electronic connectivity. Sending and receiving e-mail is possible virtually anywhere that you can connect your computer to a telephone line. Internet cafes are plentiful and convenient, especially in countries outside the U.S. International travelers can now stay in touch as they move, increasing their efficiency and peace of mind. The exploding connectivity trend makes it possible to keep in touch with headquarters, clients, suppliers and loved ones.
Siemens VDO Automotive Expands Detroit-Area Testing Facility
Siemens VDO Automotive is investing $2 million to transform its former machining and tooling shop in Auburn Hills, Mich., into a 5,000-square-foot fuel validation test center for its Powertrain Fuel Supply Systems (FS) division. The project is expected to be complete in May 2004. The new fuel validation laboratory will bring product testing and validation closer to local development engineers and Detroit-based customers, said the company.
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.
ArvinMeritor Reports Fiscal Year 2004 First-Quarter Results
ArvinMeritor reported sales of $2.2 billion and net income of $19 million, or $0.28 per diluted share, for its first fiscal quarter, which ended Dec. 31, 2003. This is compared to the prior year’s first-quarter net income of $32 million, or $0.47 per diluted share. Results for the first quarter of 2004 include a net charge of $0.09 per diluted share as a result of the company’s decision to withdraw its tender offer to acquire all of the outstanding shares of Dana Corp. This charge includes $16 million of pre-tax costs, partially offset by a pre-tax gain of $7 million on the sale of Dana stock owned by the company.
Coyle Named to Fuel Systems Job at TI Automotive
Patrick Coyle has been named North American regional director for TI Automotive’s Global Fuel Systems Division. Previously, Coyle was responsible for global fuel-system quality. TI Automotive is a tier one supplier of integrated fuel-storage and delivery systems.