Transpro Expands A/C Condenser Program
Transpro has expanded application coverage for its line of Ready-Aire Air Conditioning Condensers with the publication of a new 2004 catalog. The newly expanded product offering includes more than 400 total part numbers with coverage through the 2004 model year on several applications.
ArvinMeritor Honors Outstanding Achievements in Engineering
ArvinMeritor has announced the winners of its 2003 Engineer of the Year and Manufacturing Engineer of the Year awards. The awards, presented at ceremonies on Feb. 5, in Detroit, Mich., recognize those engineers or scientists who have made significant and innovative technological contributions to ArvinMeritor, its customers and the automobile industry.
Tower Takes Charges, Posts Loss
Tower Automotive Inc., the world’s largest maker of vehicle frames, had a fourth-quarter loss of $24.7 million because of expenses for restructuring operations and writing down assets. The loss was 43 cents a share, compared with profit of $17.3 million, or 29 cents, a year earlier. Sales rose 5.2 percent to $717 million from $681.6 million, the Novi-based company said.
TBC Reports Record Fourth Quarter and Year-End Results
TBC Corp., one of the nation’s leading marketers of automotive replacement tires, reported record sales and earnings for the fourth quarter and year, which ended December 31, 2003. Net sales in the fourth quarter increased 33.5 percent to $370.7 million, compared to $277.8 million in the prior-year period. Same store sales for TBC’s retail segment increased 4.5 percent in the fourth quarter. TBC’s total unit tire sales increased 10.7 percent in the fourth quarter, compared to a 2.2 percent increase in unit shipments by tire manufacturers based on preliminary reports.
Dura Loss Shrinks
Dura Automotive Systems Inc., which makes automotive parking brakes and seating controls, said its fourth-quarter loss narrowed to $2.86 million, helped by currency exchange rates and acquisitions. Dura’s net loss narrowed to 15 cents a share from a loss of $90.7 million, or $4.97, a year earlier. Sales rose 8.8 percent to $627.2 million from $576.5 million, the Rochester Hills-based company said.
General Parts to Offer AutoComLink Suite of Software Products
Automotive replacement parts distributor General Parts Inc. has announced a merger with Automotive Communications Link Inc., a provider of business management software for automotive repair professionals. Automotive Communications Link does business under the name “AutoComLink.” Through the merger, General Parts will offer AutoComLink products, which includes an Internet-based auto parts ordering application (EZ2LINK), a repair estimator system (EZ2Estimate) and a business and inventory management system for automotive repair facilities (POWERLINK).
Clemson Nabs Top Leader For Auto Project
The new director of Clemson’s automotive research center drives a minivan, but Robert Geolas does not recall how many pistons it packs. Geolas, a North Carolina State grad, said his Honda CRV was built in 1991. Or was that 1992? His wife once told him he did not have enough automotive experience to change a tire. “I hope they didn’t hire me to be an automotive expert,” Geolas said. But Geolas said there are plenty at Clemson. He said the university has automotive engineering talent and the vision to build a graduate program designed to attract research and higher-paying jobs to South Carolina.
Tower Plant Move to Affect Nearly 500 Employees
Earlier this week, Tower Automotive announced that in 2005 it will move production of Dodge Ram frames from its facility in Milwaukee to a plant in Mexico. In response to this news, the Milwaukee Journal Sentinel ran a story detailing the impact this move with have on Wisconsin’s manufacturing base. According to the Sentinel report, nearly 500 Milwaukee factory workers will lose their jobs as a result of the move. Almost 80,000 factory jobs have already disappeared from Wisconsin since 1999, the article stated.
Friday is Deadline to Submit Info for AASA Top Suppliers List
Friday, Feb. 13 is the deadline to submit information for participation in the 2004 Top Automotive Aftermarket Suppliers List, published by Automotive Aftermarket Suppliers Association (AASA), the aftermarket segment of the Motor & Equipment Manufacturers Association (MEMA).
CBS News to Address Insurer-Owned Shop Issues This Week, ASA’s Ron Pyle to Be Featured
Two CBS programs are scheduled to address the insurer-owned body shops issue this week. The first program is slated to air today, Wednesday, Feb. 11, on the CBS Evening News during its “Eye on America” segment. Ron Pyle, ASA’s president and chief staff executive, was recently interviewed for the segment at ASA’s headquarters in Bedford, Texas. Pyle will provide follow-up coverage on this issue when he is interviewed again by CBS during an appearance on The Early Show Thursday, Feb. 12.