Executive Interview with Howard Laga, Vice President and General Manager, Penray
Howard Laga serves as vice president and general manager of The Penray Companies Inc., a manufacturer of automotive and heavy-duty chemicals based in Chicago. In this position, he is responsible for managing daily operations for the company. This is a multi-faceted job in which Laga oversees the daily business of Penray and direct the formulation and implementation of short and long-term operational goals to meet business profitability and growth objectives.
The Week in Review (Aug. 18-22, 2008)
By Amy Antenora The Week in Review offers a snapshot of the most highly read stories of the week as seen on aftermarketNews. To access the complete stories, simply click on the highlighted links. If you missed reading one of our daily news emails, just click on the link that says "News Archives" at the
Raybestos Police Friction Line Now Certified
McHENRY , Ill. – Raybestos brand brakes recently earned the distinction of having its line of police friction products recognized as being D3EA PPSV (Police and Public Service Vehicle) certified. This is the only voluntary, objective and completely independent validation process for replacement brake friction materials and rotors that provides a basis for maintaining compliance
AAEQ Manufacturers and Recyclers Responds to Crackdown on Metal Recycling Industry in Las Vegas
LAS VEGAS, NV – Soaring copper prices have made metal a prime target of local thieves. The issue has created a perplexing problem for recyclers like AAEQ Manufacturers and Recyclers in North Las Vegas, which says it is committed to weeding out legitimate sellers from criminals who indiscriminately steal materials. In light of a police
Bendix to Offer VIP Trip for Two to Daytona 500
TROY, Mich. – In an effort to reward today’s automotive service professionals for installing Bendix premium brake products, Honeywell Friction Materials is launching its “Brake Into the Winner’s Circle” promotion and giving technicians a chance to win a VIP trip for two to the 2009 Daytona 500. For every 10 sets of qualifying Bendix premium
Earl Scheib Reports 2008 Net Sales of $43 Million
SHERMAN OAKS, Calif. — Earl Scheib Inc. reported its results for the fourth quarter and fiscal year ended April 30. Net sales for the fiscal year ended April 30 were $43 million compared to $46.2 million in the fiscal year ended April 30, 2007, a decrease of 6.9 percent, resulting primarily from a decrease in
Grant Thornton Report Says Supplier Bankruptcy Risk is High
SOUTHFIELD, Mich. — Lower industry volumes and the massive decline in truck and SUV sales have put as many as one-third of automotive suppliers in North America at risk of bankruptcy, according to the Summer 2008 Automotive Industry Review prepared by Grant Thornton Corporate Advisory and Restructuring Services. At the same time, bankruptcy concerns for
Bendix Commercial Vehicle Systems Adds Two Execs to Management Team
Bendix Commercial Vehicle Systems has added two executives to its management team in an effort to further support its plan to achieve $1 billion in sales by the end of the decade. The North American leader in active safety and brake system technologies has appointed Robert Legato as vice president of integrated supply chain. Bill Mossing has been promoted to vice president and general manager of modules.
ITW to Divest Decorative Surfaces and Click Commerce Businesses
Illinois Tool Works (ITW) announced that its board of directors has authorized a plan to begin the divestiture process for several businesses including the Decorative Surfaces segment — consisting of the Wilsonart and related laminate businesses — and the Click Commerce industrial software business. ITW has retained Goldman Sachs to advise on the divestiture process for the Decorative Surfaces units.
Honeywell to Turbocharge First Ford EcoBoost Engine
TORRANCE, Calif. — Honeywell has been selected by Ford to develop turbochargers for its first introduction of the Ford EcoBoost engine on next year’s 2010 Lincoln MKS. The new turbocharged 3.5L V-6 engine will perform like a large V-8, but will deliver the fuel economy of a V-6, according to Ford. Ford’s EcoBoost engine range