Private Equity Group to Acquire the Heavy Duty Engine Cooling Division of Valeo
European private equity fund EQT Opportunity has agreed to acquire the heavy duty engine cooling division of Valeo, the French automotive Group. The acquired operations are comprised of some 940 employees in three manufacturing sites – Mjallby and Linkoping in Sweden and Jamestown, N.Y., in the U.S. The business supplies engine cooling solutions to leading manufacturers of trucks, buses, off-highway equipment and industrial diesel engines. In 2007, the division generated sales of approximately $275 million.
APRA Electronics & Mechatronics Clinic to be Held in May
CHANTILLY, VA – The Automotive Parts Remanufacturers Association (APRA) 2008 Electronics & Mechatronics Clinic will be held on May 5-6,at the Sheraton Newark Airport Hotel in Newark, NJ. The Electronics & Mechatronics Division of APRA has been very active since its inception in 2006. The division’s objective is to hold regular meetings to discuss and
MaxiForce to Host AERA Tech & Skills Regional Conference
MIAMI – MaxiForce, a Miami-based provider of replacement diesel engine parts, will host the Automotive Engine Rebuilders Association (AERA) Tech & Skills Regional Conference at its Miami headquarters. The one-day conference will take place on Saturday, April 5. “This is an exciting announcement for us, in that we look forward to interacting with our valued
Executive Interview with Jay Pittas, President, Remy Electrical Aftermarket
This week’s Executive Interview features Jay Pittas, president for the Electrical Aftermarket business of Remy International. Pittas joined Remy in 2006 from Eagle-Picher Automotive where he served as president of the Wolverine Specialty Materials business. Prior to joining EaglePicher, Pittas held progressive positions with Honeywell, ARI Technologies and UOP. Pittas has nearly 30 years of manufacturing experience, holding management positions in customer service, sales, technical support and process engineering. He has been responsible for leading business expansion through new customer and international market development, implemented Six Sigma and other productivity programs and organized teams to meet competitive challenges. Pittas completed the chemical engineering program at the University of Notre Dame and the engineering management program at Hamilton University. Join us as Pittas shares with aftermarketNews the latest details on Remy’s Prepackaged Plan of Reorginzation as well as the company’s plans
MTU Parts Operations Selects Pricedex for Global Pricing System
BROCKVILLE, Ontario and FRIEDRICHSHAFEN, Germany – MTU Friedrichshafen GmbH, a manufacturer of large diesel engines and complete drive systems, has awarded a contract to Pricedex Software Inc. to integrate a global pricing management system to support its global parts logistics operations. MTU, is the acronym for Motoren und Turbinen Union, Friedrichsafen GmBH, which was the
CAR’s David Cole Joins Ricardo as Non-Executive Director
VAN BUREN TWP., MI — Dr. David Cole, chairman of the Center for Automotive Research (CAR), has been appointed a non-executive director of Ricardo Inc. Ricardo is an independent technology provider and strategic management consultant for the transportation sector. The company’s engineering expertise ranges from vehicle systems integration, controls, electronics and software development, to the
Latest in Fuel Efficiency, Safety Technology on Display Next Week at MEMA’s DC Ride and Drive Event
Motor vehicle parts suppliers will demonstrate the latest technologies to improve vehicle safety and fuel efficiency at the Motor & Equipment Manufacturers Association’s (MEMA) second annual Ride and Drive, slated for Thursday and Friday, Oct. 4-5, at RFK Stadium, Parking Lots 6 and 7, in Washington, D.C. Members of Congress, federal agency officials, congressional staff and the media will have the opportunity to test drive vehicles and see displays relating to vehicle safety and fuel efficiency, according to Bob McKenna, MEMA president and CEO.
Eaton Begins Commercial Production of Hybrid Power Systems for Medium-Duty Trucks
Industrial manufacturer Eaton Corp. has announced that the company’s medium-duty hybrid power systems are now commercially available and will be ready for customer deliveries in 2008 on the chassis of several major North American commercial vehicle manufacturers. These include International Truck and Engine Corp., Kenworth Truck Co., Peterbilt Motors and Freightliner Corp.
MEMA Releases Statement on Fuel Economy Legislation in the U.S.
RESEARCH TRIANGLE PARK, NC – The Motor & Equipment Manufacturers Association (MEMA) and its member companies have issued a statement saying that they will continue to support efforts to improve fuel efficiency of all motor vehicles when Congress returns from its Labor Day recess. MEMA said it continues to support improvements in fuel efficiency that
PACCAR Selects Engine Manufacturing Location
In January 2007, PACCAR announced plans to build a $400 million engine facility and technology center in the Southeast United States. The company announced this week that the new facility will be constructed in Columbus, MS. Construction on the 400,000-square-foot facility will begin in mid-2007 and is due to be completed in 2009. The new facility will manufacture 12.9-liter and 9.2-liter diesel engines for Kenworth, Peterbilt and DAF vehicles and complements PACCAR’s state-of-the-art engine facility in the Netherlands.