Cummins Executives Jean Blackwell, Mark Gerstle To Retire; Cummins Veteran Mark Levett To Assume Duties
Until their retirement on April 1, Blackwell and Gerstle will work with Levett in transitioning responsibilities.
Federal-Mogul and Philadelphia University Announce Winners of Second Annual Student Innovation Competition
Students were challenged to create a commercially viable product using the firm’s QuietShield noise suppression material.
SOMS Technologies Establishes Advisory Board
The advisory board consists of five members from a diverse set of disciplines, ranging from the automotive, finance and aerospace engineering industries.
Joe Loughrey to Retire as Cummins President and Chief COO in March 2009; to Become Cummins Vice Chairman on Aug. 1
Cummins Inc. announced yesterday that Joe Loughrey, president and chief operating officer, will retire from Cummins in March 2009. Effective this Aug. 1, Loughrey will become Cummins vice chairman and remain a member of the board of directors until his retirement. Loughrey has been president and COO of Cummins since May 2005.
Juan Valls Named ITW Executive Vice President; Robert Brunner Moves to New Executive Vice President Role
GLENVIEW, IL — The Illinois Tool Works (ITW) Board of Directors has elected Juan Valls to executive vice president of global automotive fasteners. Robert Brunner, former executive vice president of global automotive fasteners, has moved to the position of executive vice president of ITW’s worldwide construction business. Valls, 45, becomes the first ITW executive vice
Continental AG and Siemens VDO Automotive AG Join Together to Form Automotive Supplier at Forefront of Global Market
With the biggest acquisition in its 136-year history, Continental AG, Hanover, is investing itself with what it calls excellent prospects for the future in a global market that, while demanding, is equally rich in opportunities.Continental is buying the Siemens VDO Automotive AG from Siemens AG, Berlin/Munich, for $15.6 billion. Today, the supervisory boards of Siemens AG and of Continental AG, in Munich and Hanover respectively, gave their consent for the transaction. Execution of the acquisition is contingent on the approval of the appropriate antitrust authorities. As per 2006, Continental and Siemens VDO Automotive AG realize aggregate annual sales of around $34 billion with a worldwide workforce of close to 140,000.
Portals Help Manufacturers Predict Delays in Material Shipments
It’s 10 o’clock on Sunday night — do you know where your raw materials, parts, components and sub-assemblies are? That shipment of motors from Taiwan? The load of automotive frame parts bound for the Port of Oakland that you’ll need a week from Thursday on a just-in-time basis? How about those disk drives and capacitors your materials chief ordered from a new supplier in China for your finished-goods assembly plant? Chances are, if yours are among the billions of dollars worth of goods crossing the Pacific Ocean — or any ocean, for that matter — you’re not sure where your cargo is.