Lear Appoints Anne Bingaman to Board
Former Assistant Attorney General Anne Bingaman has been appointed to Lear Corp.’s board of directors. Bingaman served as assistant attorney general of the antitrust division of the U.S. Department of Justice from 1993 to 1996, following a career in private law practice. Currently, she is chairman of Valor Telecommunications LLC, a provider of local and long distance telephone services to residential and business customers in New Mexico, Oklahoma, Texas and Arkansas.
Taking Action on AHPs
The Association Health Plan (AHP) Coalition, made up of more than 150 associations including AAIA, is getting geared up for its second session. In order to raise the visibility of Association Health Plans in the Senate, a letter was sent to Senate Majority Leader Bill Frist (R-Tenn.), copying members of the Senate Uninsured Taskforce, asking him to include AHPs in any uninsured legislation he introduces.
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.
TRW Raises $676 Million in Public Offering
TRW Automotive Holdings Corp., which was bought by private equity firm Blackstone Group LP for about $4.7 billion last year, has raised $676 million in an initial public offering. The Livonia, Mich.-based company sold 24.14 million shares of stock at $28 a share. The company had predicted it would sell the stock at between $28 and $30 a share.
Hayes Lemmerz Names Vice President, General Counsel and Secretary
Hayes Lemmerz International has named Patrick Cauley to the position of vice president, general counsel and secretary. Cauley, who was serving as the company’s interim general counsel, will continue to report to Curtis Clawson, chairman and CEO.
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.
“DST Asks”: What Ordering Methods Do You Offer to Customers?
Forecasting the future isn’t a task restricted to tabloid psychics or your TV weatherman. Whether we like it or not, running a successful business today that will remain successful in the future requires forecasting skills.
Diedrich Scholarship Applications Due
Incoming students planning to attend Northwood University in Midland, Mich., have until March 1 to apply for the Harvey Diedrich “Advantage” Scholarship. The award of $500 will go to a deserving student, majoring in either Marketing/Management or Automotive Aftermarket Management. Applications can be submitted online at www.northwood.edu. Diedrich was a longtime contributor to the aftermarket who passed away suddenly in June 2003. The scholarship was established by Diedrich’s friends and colleagues for his innovative marketing programs for Monroe shocks and Walker mufflers. He was principal architect of the highly successful “Walker Advantage” program.
Bosch Teams Up with McDonald’s for Gift Certificate Promotion
Robert Bosch Corp. has teamed up with McDonald’s restaurant to offer a $5 McDonald’s gift certificate with the purchase of two Bosch Micro Edge Excel Wiper Blades. The mail-in form for the $5 McDonald’s gift certificate can be obtained at participating retail auto parts stores that sell Bosch Micro Edge Excel Wiper Blades.
Timken Receives Best Supplier Recognition from Oshkosh Truck Corp.
Timken was recently recognized as “Best Supplier” by the Oshkosh Truck Corp., a manufacturer of specialty trucks and truck bodies for the fire and emergency, defense, concrete placement and refuse hauling markets. The recognition honors Timken’s excellent performance in delivery, quality and product support. Last year was the first year Oshkosh formally recognized suppliers with this award.