Jasper Engines & Transmissions Names Preferred Partners For 2005
Jasper Engines & Transmissions has named its Preferred Partners for 2005. The recipients of the award are: Federal-Mogul, Dana-Clevite, Dana-Spicer, Transtar, Mahle, Inc., Grant Iron and Motors and Elgin Industries. The awards were presented during the Jasper Engines & Transmissions 18th Annual Preferred Partners Banquet on March 9. The Jasper Engines & Transmissions’ Preferred Partner Award is presented annually to recognize the company’s Partners in Success. According to Doug Bawel, president of Jasper Engines and Transmissions, this year just seven of the company’s 1,400 suppliers received the Preferred Partner recognition.
Federal-Mogul Named as Jasper Preferred Partner for 18th Consecutive Year
For the 18th consecutive year, Federal-Mogul has been honored with the “Preferred Partner Award” by Jasper Engines & Transmissions, one of its largest customers. Federal-Mogul is the only company that has received the JASPER Preferred Partner Award every year since its inception.
Clevite Engine Parts Named Preferred Partner by Jasper Engines & Transmissions
Clevite Engine Parts was named a Preferred Partner by Jasper Engines & Transmissions during Jasper’s 18th Annual Preferred Partners Banquet on March 9. The Jasper Engines & Transmissions’ Preferred Partner award is presented annually to recognize the company’s “Partners in Success.” Recipients are nominated by a purchaser within the Jasper organization and are judged on quality, service, fill-rate, response time and billing/credit procedures.
Battenberg Defends His Departure from Delphi
Delphi Corp. Chairman and CEO J.T. Battenberg III, in his first public appearance since he announced his retirement, stood by previous statements that his retirement had nothing to do with an accounting investigation that gained momentum at the world’s largest auto supplier in the days following news of his departure.
In Latest Blow, Dividend Looks Shaky at Delphi
The dramatic departure of Delphi’s CFO coupled with the news that the auto supplier will restate finances could signal a final blow to its already shaky quarterly dividend. Although the payoff to investors is small — Delphi has paid 7 cents a share since it was spun off from General Motors in 1999 — the mere act of paying dividends attracts investors who may not otherwise invest in the tumultuous automotive supply sector.
DENSO Establishes New Company China
DENSO Corp. has established a new company in Tianjin, China, to produce heat exchangers for car air conditioners and radiators. The new company’s main customers are Japanese automotive manufacturers in China. DENSO said it will continue to expand the business to eventually supply European and American automotive manufacturers in China as well.
Delphi Appoints President, COO and New Vice Chairman; Donald Runkle to Retire
In what is described as an effort to streamline operations and sharpen its focus on stronger growth, Delphi’s board of directors announced several executive appointments Friday. Rodney O’Neal has been named president and COO, with responsibility for Delphi’s three operating segments, its three regional operations, Global Supply Management and Sales and Marketing. This appointment marks the first time a single officer other than founding chairman, CEO and President J. T. Battenberg III will be responsible for all of Delphi’s global business units. O’Neal will continue to report to Battenberg, who remains chairman and CEO and also chair of the Delphi Strategy Board, the company’s top policy-making group.
AIAG Appoints Goodrich as Director of Finance
The Automotive Industry Action Group (AIAG) has appointed Lorraine Goodrich as the new director of finance for the association. Goodrich has more than 20 years of financial and accounting experience in the medical, information technology and agricultural industries.
ArvinMeritor Sells Coil Coating Business to Private Equity Firm
ArvinMeritor has sold its wholly owned subsidiary, Roll Coater, Inc., to an affiliate of private equity firm Willis Stein & Partners. The cash purchase price of the stock transaction is approximately $162.5 million.
Job Lessons Include Downsizing; Participation in State Youth Apprentice Program Drops After Funding Is Cut
For 17-year-old Mark Olsen, Gordon’s No. 1 Wheel Service in Franklin is not just a place to work after school.As an auto technician in training, it’s an extension of his automotive studies at Greendale High School and a pathway to a career.