ArvinMeritor to Sell Emissions Technologies Group
ArvinMeritor has signed a definitive agreement to sell its Emissions Technologies business group to One Equity Partners (OEP), an equity investment firm based in New York. "The decision to sell our Emissions Technologies business is part of our long-term strategy to refocus our company and concentrate on the strengths and core competencies that will generate future earnings growth for ArvinMeritor," said Chairman, CEO and President Charles "Chip" McClure
UAW Losing Pay Edge: Foreign Automakers’ Bonuses Boost Wages in U.S. Plants as Detroit Car Companies Struggle
From Detroit Free Press The UAW is losing its edge in pay compared with non-unionized U.S. assembly plant workers for foreign companies, even as Detroit automakers aim for deeper benefit cuts to trim their losses. In at least one case last year, workers for a foreign automaker for the first time averaged more in base
Toyota Expects to Build More U.S. Plants
Toyota Motor Corp. is studying its projected 10-year growth in the United States and the plants it will need to build, but it has not decided where those plants will go or how many will be needed, said Jim Lentz, executive vice president of the carmaker’s U.S. sales arm. "All I know is compared to today it will be more," Lentz said Tuesday at the Automotive News World Congress in Dearborn, MI.
PACCAR Announces New Manufacturing and Assembly Facility
BELLEVUE, WA — PACCAR has unveiled plans for a new $400 million powertrain manufacturing and assembly facility in the Southeast United States. The 400,000-square-foot facility strengthens PACCAR’s global manufacturing and assembly capability and positions the company to capitalize on growing opportunities in North America, Europe and Asia, according to Mark Pigott, chairman and chief executive
Executive Interview with Jose Maria Alapont, President and CEO of Federal-Mogul
This week we feature our exclusive interview with Jose Maria Alapont, president and chief executive officer (CEO) of Federal-Mogul. Alapont joined Federal-Mogul in early 2005. Prior to that, he served as CEO of IVECO, the commercial vehicle division of the Fiat Group. In the past 18 months, he has been simultaneously leading the company out of Chapter 11 bankruptcy protection while also forging the future of the company. Alapont and other Federal-Mogul executives met with Counterman/aftermarketNews Publisher Jon Owens and Counterman Editor Brian Cruickshank at the AAPEX show in Las Vegas last month, where they spoke at length about Federal-Mogul’s emergence from bankruptcy, the current state of the industry and what Alapont thinks the future will look like for Federal-Mogul.
Executive Interview with Richard Shiozaki, Senior Vice President, DENSO Sales California
Richard Shiozaki directs the aftermarket sales group, aftermarket planning group, commercial and industrial systems group and the corporate service group for DENSO Sales California, Inc., the more than $276 million affiliate of DENSO Corp. Yesterday at AAPEX, Shiozaki gave a press conference to announce a number of new initiatives that DENSO will be focused on this year. Just prior to the show, we had a chance to sit down with Shiozaki and get all the details.
Deadline is Today for CARS Early-Bird Registration
BEDFORD, TX – From EVAP systems to hybrids and technology trends, the Automotive Service Association’s (ASA) Congress of Automotive Repair and Service (CARS) will offer 12 technical courses for this year’s event – the most technical training in CARS history. Automotive experts and the nation’s leading instructors will teach these technical training courses at The
ATMC Sets Agenda for Fall Conference
CHICAGO – The Automotive Training Managers Council (ATMC) will hold its Fall 2006 Conference and Business Meeting Sept. 10-12 at the Sheraton Four Points – Chicago O’Hare, in Schiller Park. Highlights of this year’s conference include a field seminar titled, “The Entry-Level Pathway for the International Technician” from International Truck and Engine; a tour of
BFNAT Pitches in For First Hybridfest
Bridgestone/Firestone North American Tire (BFNAT) will be a premier sponsor and the sole tire supplier for the inaugural Hybridfest, a national event dedicated to hybrid-electric vehicles. More than 100 hybrids – many fitted with Bridgestone Ecopia tires – will be on display, including all 11 hybrid models currently on the market, and one-of-a-kind vehicles like the General Motors EV1.
Fuel-Economy Guidelines Raised
Tougher fuel-economy standards for light trucks announced by the federal government Wednesday will affect a batch of large sport-utility vehicles being built by General Motors. But with rising gasoline prices, experts say GM has already been boosting the fuel efficiency of its models and is preparing to build a hybrid SUV in late 2007.