Bosch Sales Increase 17 Percent in North America
In 2004, Bosch increased its North American sales by 17 percent, to $7.8 billion. Dynamic growth activity was seen in all three of the company’s business sectors: automotive technology, industrial technology, consumer goods and building technology.
Tru-Line Donates Laser Wheel Alignment System to NASCAR Technical Institute
Tru-Line Laser Alignment has donated to the NASCAR Technical Institute (NTI) a laser wheel alignment system for its NASCAR training program. The TR-12 is completely portable, weighs less than 100 pounds, and runs off of D cell batteries.
Tru-Line Donates Laser Wheel Alignment System to NASCAR Technical Institute
Tru-Line Laser Alignment has donated to the NASCAR Technical Institute (NTI) a laser wheel alignment system for its NASCAR training program. The TR-12 is completely portable, weighs less than 100 pounds, and runs off of D cell batteries.
Federal-Mogul Appoints Second Former Fiat Exec to Management Team
Jean Brunol has been appointed senior vice president, business and operations strategy and a member of the strategy board for Federal-Mogul Corp. His appointments are effective May 2. In this new role, Brunol will be responsible for corporate development of business and global growth strategies. Most recently Brunol was senior vice president, product and business strategy, international operations at Iveco – the commercial vehicle company of the Fiat Group. He is the second executive from Fiat Group to join Federal-Mogul in recent weeks. Last week, the company announced the appointment of Mario Leone, Fiat Group’s former chief information officer, to the position of senior vice president and chief information officer for Federal-Mogul.
EaglePicher Creates Corporate Giving Program With a Focus on Secondary Education
EaglePicher Inc., a diversified manufacturer of products for space, defense, automotive, filtration, pharmaceutical and commercial applications, has created a corporate giving program that will focus on supporting secondary education.
U.S. Steps Up Public Campaign Against China’s Pirated Products
U.S. Commerce Secretary Donald Evans publicly backed General Motors Corp.’s claims that a Chinese auto maker is using stolen design information to build a rival car, underscoring how increasingly sophisticated Chinese piracy is threatening foreign businesses and roiling trade relations.
Herman Trend Alert: Avoidance of Confrontation
A significant number of people avoid confrontation in the workplace. They are reluctant to ask for increases in compensation, more training or different job assignments. These employees would rather change employers than risk the resistance or negative consequences from bosses who may not support their requests.
Investor Slams GenCorp
Hedge fund Steel Partners II LP on Thursday, Nov. 11, launched a $708 million hostile bid for GenCorp Inc., attacking the aerospace conglomerate for its subpar financial performance and questioning the company’s deal making record. “Management and the board appear to have engaged in what can be best described as a game of gin rummy by buying and selling businesses with no clear corporate strategy and with very poor results, including the recent sale of the GDX Automotive business at a loss of over $300 million,” said Warren Lichtenstein, managing partner at Steel, in a letter to GenCorp’s board.
Leadership 2010: Learn About Hot Issues for the 21st Century at University Forum
This year at University Forum, Chuck Udell, AAP, will moderate “Best of Leadership 2010 — Hot Issues for the 21st Century.” This session will feature two issues to be selected by Leadership 2010 participants and the University of the Aftermarket leadership as the most relevant issues from this year’s 2010 class. Selection will occur during Session II of Leadership 2010 in September.
Universal Technical Institute to Build New Automotive Training Campus in Boston Area
Universal Technical Institute (UTI), a provider of technical education training, has entered into an agreement to purchase a property in the Boston suburb of Norwood, Mass., where it plans to open a new undergraduate automotive technician training campus. The Norwood campus is expected to open in the fourth quarter of fiscal 2005.