Comergent Technologies Acquires Profile Systems, Inc.
Comergent Technologies, a leading provider of demand chain management applications, has acquired Profile Systems, a developer of product information (PIM) and inventory management companies for business-to-business e-business. Under the terms of the agreement, Comergent Technologies has acquired all the outstanding Profile Systems shares and technology. Profile Systems employees have been retained in the West Springfield, Mass., office.
Two Visteon Employees to be Honored by Society of Automotive Engineers
Two engineering professionals from Visteon Corporation will be honored with the prestigious Forest R. McFarland Award on Tuesday, March 9, at the Honors Convocation during the 2004 Society of Automotive Engineers (SAE) World Congress & Exhibition in Detroit.
Study Says Online Parts Ordering Expands Quickly
Using the Internet to order automotive parts and accessories has increased dramatically, according to a Harris Interactive survey conducted online.
Automotive Accessories are Clever, Practical
Torque? Struts? Rack-and-pinion steering? Maybe they are important. But what we really want to know is if the console is big enough to store a purse. Or if there’s a way to secure the grocery bags. Or if there’s a place to stow the kids’ DVDs.
Montana Products Names Regional Sales Manager
Automotive coatings manufacturer Montana Products has named Rick Paul regional sales manager, representing Virginia, Maryland and the Carolinas.
UAW Organizes at Dana to Shore Up Membership
The UAW has organized about 2,000 workers at five Dana Corp. plants from Michigan to Tennessee as the union seeks to rebuild its active ranks and regain power in the auto industry. Along the way, the union faces opposition not only from workers who don’t want a union but also from those who want a tougher union that would fight and win better wages, benefits and working conditions. To them, the UAW has become too conciliatory as it strives to gain members.
Bandag Reports Fourth Quarter Results
Bandag Inc. has reported consolidated net income of $29.1 million, or $1.50 per diluted share, for fourth quarter 2003, compared to consolidated net income of $17.5 million, or $0.91 per diluted share in the fourth quarter 2002. Net income for both the fourth quarter 2002 and 2003 included favorable tax adjustments of approximately $3 million, or $0.15 per diluted share, resulting primarily from the resolution of certain tax matters.
SEMA Chairman Named 2004 Meguiar’s Award Recipient
Corky Coker of Coker Tire, chairman of SEMA’s board of directors, was chosen as the 2004 Meguiar’s Award recipient by the Meguiar’s Award Selection Committee. The award recognizes individuals who have significantly impacted the collector-car hobby. Past recipients include: Steve Earle, founder of the Historic Sports Car Racing Association; Robert Petersen, founder of Motor Trend and Hot Rod magazines; and “Tonight Show” host Jay Leno.
Goodyear to Seek Millions in Loans
Goodyear Tire & Rubber Co., on the verge of posting its third straight annual loss, said Tuesday it plans to take on an additional $300 million in loans to fund its turnaround. The Akron, Ohio, company said it is also taking steps to follow through on a promise made last year to the United Steelworkers of America to complete a large bond sale. The sale is designed to improve the company’s strength and protect union jobs.
Family Affairs at Two North American Supplier Giants Could Spell Trouble
The family ownership rampant among mid-sized German suppliers is sometimes seen as a liability compared to North America’s bottom line-obsessed car parts makers. But last week, two of North America’s biggest suppliers — Lear and Magna — looked more like fickle family enterprises than the publicly traded automotive giants they are.