Goodyear Files Antitrust Lawsuit for Price Fixing
Goodyear Tire & Rubber has filed an antitrust lawsuit against suppliers of Ethylene Propylene Diene Monomer (EPDM) alleging price fixing and anti-competitive conduct in violation of the federal Sherman Act antitrust laws. EPDM (Ethylene Propylene Diene Monomer) is a synthetic rubber that is used in rubber-containing products to improve their strength, and EPDM has excellent resistance to heat, oxidation, ozone and weather aging due to its stable, saturated polymer structure. Goodyear uses EPDM in tires, hoses and belts, for example.
Hankook Raises Prices By 3 Percent
Hankook Tire America Corp. has announced plans to raise prices on its full line of passenger, high performance, light truck and medium truck tires by 3 percent, effective July 1.
DST Asks:Does Your Multi-Store Business Management System Capture and Consolidate Operating Information?
It’s the American way. Start your own business. Perfect your methods. Hire good people. Grow your customer base. Perfect the idea at one location, then expand by adding new locations that share the same business model. Thousands of successful retail enterprises have started in exactly this way. It’s a fundamental way to apply the principle we all learned in Economics 101 – economies of scale. Business 101 would call it leverage. Good entrepreneurs call it survival!
Supplier Pact is Official: New Hires to Make Less at Delphi and Visteon
The country’s two largest auto-parts makers, Delphi Corp. and Visteon Corp., formally announced Thursday their 7-year UAW contract that will substantially reduce pay for their future UAW workers, and requires them to pay for more of their health care and much of their retirement.
ASA Announces New Board of Directors
The Automotive Service Association (ASA) installed its new board of directors during the association’s annual business meeting held on April 16 and 17 in San Antonio. Geralynn Kottschade, AAM, of Jerry’s Body Shop Inc. in Mankato, Minn., was named chairman of ASA’s board of directors for 2004-05. Kottschade assumed the chairman’s post at the conclusion of the annual meeting.
Richard Keister Leaves Delco Remy to Join Keystone Automotive
Richard Keister, president of Delco Remy International’s (DRI) Aftermarket Group, has announced he will resign on May 31 to join Keystone Automotive Industries, a supplier to the collision repair industry, as CEO. Keister will replace Charles Hogarty, who plans to retire on August 31. Hogarty will remain with the company as a consultant for a two-year period.
Dana Elects Two New Board Directors
Dana Corp. has elected former Goodyear chairman Samir Gibara and David Berges, chairman, CEO and president of Hexcel Corp. to its board of directors. Dana Chairman Glen Hiner made the announcement.
Attorney Shirley Peterson Elected to Goodyear Board
Attorney Shirley Peterson has been elected to Goodyear Tire & Rubber’s board of directors. The recipient of a number of national awards, Peterson began a 20-year career as an attorney with the law firm of Steptoe & Johnson in Washington, D.C., in 1969, becoming a partner in 1978. In 1989, she accepted an appointment by President George H.W. Bush as assistant attorney general, Tax Division at the U.S. Department of Justice. Peterson remained there until 1992, when President Bush appointed her commissioner of the Internal Revenue Service.
Federal Panel Claims Cooper Breaks Labor Law
According to a federal labor panel, Cooper Tire & Rubber Co. is violating federal law by refusing to bargain with a union elected to represent workers at its Cedar Rapids, Iowa, distribution center.
ArvinMeritor’s Bill Overmyer Named Advance Auto Parts’ Sales Rep of the Year
Bill Overmyer, national accounts sales manager for ArvinMeritor’s Light Vehicle Aftermarket (LVA) group, has earned Advance Auto Parts’ Advance Factory Direct Representative Award. The award recognizes the achievements of a veteran sales professional who best supports Advance Auto Parts’ marketing, training, customer service and merchandising initiatives. Overmyer was presented with the award at the auto parts chain’s recent annual Leadership Conference.