ArvinMeritor Taps Don Polk to Lead Its LVS Wheels Business
ArvinMeritor has promoted Donald Polk to the position of vice president and general manager of its Light Vehicle Systems (LVS) business group’s Wheels product line, effective immediately. Before being named to this new position, Polk was vice president and general manager of the LVS Ride Control product line. Polk began his career with the company as a Wheels sales engineer in 1989.
Tenneco Offers New Limited Lifetime Warranties
Tenneco Automotive is promoting an expanded product guarantee program for 2004. Tenneco is now featuring limited lifetime warranties and a 90-day risk-free trial offer on premium Walker exhaust, Monroe shock and strut, DynoMax performance exhaust and Rancho off-road technologies. The new strategy will also enable aftermarket businesses to enhance bottom-line results while significantly increasing customer satisfaction and loyalty, according to Tenneco Automotive Vice President of Marketing Richard Alameddine.
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.
Keystone Automotive Acquires Toronto-Based Quinte Bumper & Fender
Keystone Automotive Industries has acquired Quinte Bumper & Fender, a privately held company based in Ontario, Canada, that distributes automobile collision replacement parts. Quinte recorded sales of approximately $6.5 million during its most recent fiscal year. Terms of the transaction were not disclosed. The acquisition is a continuation of Keystone’s strategy to expand throughout Canada, according to Charles Hogarty, president and CEO of Keystone.
ArvinMeritor’s Yost to Discuss Heavy Duty Supplier Industry Trends at Heavy Duty Dialogue
Larry Yost, chairman and CEO of ArvinMeritor will discuss the challenges facing the heavy duty supplier industry at Heavy Duty Dialogue 2004, slated for Feb. 9 and 10. The event will take place at the Atlanta Airport Hilton and Towers, Atlanta Hartsfield International Airport, Atlanta, Ga. This is 13th in the biennial series presented by the Heavy Duty Manufacturers Association (HDMA).
TI Automotive Wins $1.2 Billion in New Business
TI Automotive recently won contracts in its fuel systems division valued at more than $1.2 billion from automotive manufacturers in Europe, Asia and North America. Beginning with 2006-model-year production, the fourth-quarter contract awards include complete fuel systems and subsystems for a range of products,
George Dettloff Appointed President of SKF’s North American Automotive Division
Chicago Rawhide Americas President George Dettloff has been appointed president of SKF’s North American Automotive Division, which manufactures seals and bearings for the automotive industry. In his new position, Detloff will oversee all of the division’s North American original equipment and aftermarket operations, including financial, sales, marketing, engineering and manufacturing. He assumes these new responsibilities in addition to his current position as president.
Automotive Products is Sold
German brake and clutch manufacturer FTE Automotive GmbH said Monday it bought Auburn Hills, Mich., auto clutch systems maker Automotive Products Inc. for an undisclosed price. The deal makes Ebern, Germany-based FTE a major player in clutch products with worldwide sales of $462 million.
Midas Completes Restructuring
Midas said it has completed its restructuring plan successfully, and on schedule. In April 2003, Midas announced agreements with AutoZone in the U.S. and Uni-Select in Canada for distribution of Midas brand and other automotive parts to the 1,900 Midas shops in North America. Midas’ timetable to exit the parts distribution business was the end of fiscal 2003. In April 2003, Midas announced agreements with AutoZone in the U.S. and Uni-Select in Canada for distribution of Midas brand and other automotive parts to the 1,900 Midas shops in North America. Midas’ timetable to exit the parts distribution business was the end of fiscal 2003.
Dana and GETRAG Sign Joint-Venture Agreement with Volvo
A recently formed joint venture company between Dana and GETRAG has signed an agreement with Volvo Car Corp. (VCC) to purchase a 60-percent interest in VCC’s operations in Koping, Sweden. The resulting joint venture with VCC will be known as GETRAG All Wheel Drive AB, a Dana/GETRAG Co. The company will produce all-wheel-drive (AWD) and chassis systems and components for passenger cars and sport-utility vehicles.