Titan International CEO to Sell Stock
Titan International President and CEO Maurice Taylor Jr. announced this week that he intends to sell up to 40,000 shares of Titan International common stock owned by the Maurice and Michelle Taylor Foundation. The Foundation funds are primarily used to award college scholarships to children of Titan employees.
Champion Parts Reports Continued Profitability for Second Quarter
Champion Parts, Inc., a remanufacturer of automotive parts, announced net income for the second quarter, which ended on June 27, of $322,000, or 9 cents per share, compared to $613,000, or 17 cents per share for the same period in 2003. Net sales were $5,124,000, compared to $6,973,000 in 2003.
CARDONE Industries Launches New Online Parts Catalog
CARDONE Industries recently launched its new CARDONE WebCat online catalog. The CARDONE WebCat utilizes self-filtering searches designed to eliminate the dead ends that can occur while searching the web for auto parts. Users can browse the catalog by application, product line or part number to find the appropriate parts. CARDONE has launched WebCat as a free service for all users following the successful unveiling to direct customers of a version of CARDONE WebCat that contains more robust capabilities.
Modine Names Director of Investor Relations and Corporate Communications
Modine Manufacturing Co. has named David Prichard to the newly created position of director, investor relations and corporate communications. Prichard brings to Modine more than 20 years of investor relations and corporate communications experience from the health care, chemicals, agricultural and telecommunications industries.
Soy-Based Products Show Potential Under The Hood
As soy biodiesel continues to gain acceptance at the pump, soy-based lubricants are also fueling the automotive industry. Engine oil and hydraulic power steering fluid are two soy-based products showing potential “under the hood.”
Stride Tool Names New CEO
Stride Tool, Inc., a manufacturer of specialty hand tools has named a new CEO. Ron Ortiz will replace company founder Lori Northrup, who will continue as chairman of the board of Stride Tool. Northrup, who has served as CEO since 1980, is leaving the company to focus on other business ventures with her husband.
Champion Parts Completes Sale of Pennsylvania Plant
Champion Parts, a remanufacturer of automotive parts, has completed the sale of its 200,000 square foot Beech Creek, Pa., plant and property. Champion Parts remanufactures fuel system components, air conditioning compressors, front wheel drive assemblies and other underhood electrical and mechanical products for the passenger car and light truck, agricultural, heavy-duty truck and marine parts aftermarket.
Lund International Acquires California Aftermarket Accessories Business
Lund International has completed the purchase of certain assets of Trenz, a wholly owned subsidiary of PAC Holding Co., located in Bakersfield, Calif. On May 20, Lund International entered into an Asset Purchase Agreement offering to purchase substantially all of Trenz’s assets out of the PAC Holding Co. Chapter 11 Bankruptcy case filed in the U.S. Bankruptcy Court for the District of Delaware. On June 22, the Bankruptcy Court authorized the sale of Trenz’s assets to the company.
Airtex Introduces Lineup of Engine Management Products to Aftermarket
Airtex Automotive, the world’s largest independent manufacturer of fuel and water pumps, is expanding its aftermarket offerings with a complete line of engine management products.
Michelin Applies Expertise to Range of Automotive Accessories
Imagine if the same expertise that goes into creating the rubber compound that allows your tires to grip the road in all kinds of weather was used to create a high-performance windshield wiper that keeps the rain off your windshield just as effectively. Well, Michelin has done just that. Michelin Lifestyle Limited (MLL) has launched its line of high-performance wiper blades in another step to extend the Michelin brand to a full range of automotive accessories.