Treading a New Path
Goodyear Tire & Rubber Co. is hoping to make a huge splash with a new high-end line of all-season tires. The Akron, Ohio-based company will roll out its Assurance line this spring with its biggest advertising blitz in more than a decade. Goodyear is counting on the new tires to help deliver a turnaround after four years of disappointing sales.
MACS Installs 2004 Board and Officers
New officers and board members were sworn in during the MACS annual membership meeting Jan. 24. Serving as officers in 2004 are: Chairman — Michael Deese, Santech Industries, Ft. Worth, Texas; Vice Chairman — Gus Swensen, Cool Car Auto Air, Columbus, Ga.; Treasurer — Andy Fiffick, Rad-Air Complete Car Care in Garfield Heights, Ohio; and Secretary — Kevin Burton, Four Seasons, Lewisville, Texas.
Edelbrock Reports Improved Sales and Earnings for Second Quarter of 2004
Edelbrock Corp. has reported sales and earnings for the second quarter and first six months of 2004, which ended Dec. 25, 2003. For the quarter, revenues increased to $31,741,000 from $31,015,000 in the same period of fiscal 2003. Net income for the second quarter improved to $1,287,000, or 24 cents per basic share (23 cents per diluted share), from net income of $1,197,000, or 22 cents per basic and diluted share, for the second quarter of fiscal 2003.
Compuware Panning to Buy Covisint
Compuware Corp., the largest high-tech company based in Michigan, is expected to announce that it will purchase financially struggling Covisint LLC, according to documents on Compuware letterhead obtained by the Detroit Free Press. The acquisition, expected to be completed within 30 days for an undisclosed “small cash transaction,” ends the most expensive Internet start-up and flop ever launched in Michigan.
Dana Names GM Europe Exec Michael Burns CEO and President, Acting President Bill Carroll to Retire
Dana Corp.’s board of directors has named Michael Burns CEO, president and a director of the company, succeeding the late Joe Magliochetti, who passed away Sept. 22, 2003. Burns, who has been president of General Motors Europe since 1998, will officially take over on March 1. Bill Carroll, who has served as acting president and COO since September, will continue in these positions until March 1, at which time he will retire from the company.
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.
ArvinMeritor Announces 2004 Suppliers of the Year
ArvinMeritor has announced the winners of the company’s annual supplier awards. The awards — which were presented Jan. 29, at ArvinMeritor’s North American Supplier Conference in Troy, Mich. — recognize outstanding performance in customer service, product quality, delivery and cost reduction.
Highlights from 2003 AAPEX and SEMA Shows Tonight on “Two Guys Garage”
An on-location episode of the “Two Guys Garage” television show recorded during Automotive Aftermarket Industry Week in Las Vegas will air this evening, Feb. 4 at 8 p.m. EST on SPEED Channel.Show hosts Sam Memmolo and Dave Bowman conducted on-site interviews with key corporate and industry leaders at the Automotive Aftermarket Parts Expo (AAPEX) and the Specialty Equipment Manufacturers Association (SEMA) shows in November 2003.
Tenneco Automotive and Pep Boys Sign Long-Term Deal
Tenneco Automotive has announced a long-term agreement with Pep Boys to supply Monroe shock absorbers, struts and off-road Rancho products to all of Pep Boys’ stores nationwide and in Puerto Rico. Tenneco Automotive’s Monroe, Rancho and DNX shock absorbers and struts and DNX and Dynomax performance exhaust products will be available at all Pep Boys’ stores beginning in February 2004.