DENSO Announces Management Changes
KARIYA, Japan — DENSO Corp. has announced changes to its board of directors and managing officers. Changes will take place after the annual shareholders meeting on June 26. New Directors appointed to the Board: · Akihiko Saito, Chairman (from Vice Chairman) · Nobuaki Katoh, Senior Managing Director (from Managing Officer) · Kenji Ohya, Senior Managing
GM Exec Touts Renewable Energy Push
From AFX News Limited LOUISVILLE, KY — A top General Motors Corp. executive said Monday that the nation should accelerate the push toward renewable energy to fuel automobiles and said the conversion to ethanol as a leading contributor is "entirely realistic" in a few years. Speaking at an automotive conference, GM Vice Chairman Bob Lutz
GM Wants to Reduce Health Care Costs
From AFX News Limited DETROIT — General Motors Corp. will try to reduce its staggering employee and retiree health care liabilities in upcoming contract talks with the United Auto Workers (UAW), according to a government regulatory filing Thursday. The world’s largest automaker said its obligation for post-retirement health care and other benefits was $68 billion
Big Three or Detroit Three?
From Area Development Site and Facility Planning The compass points appear to be turning again. In recent years, it has seemed like South was the only direction that automakers knew when looking for places to build or grow U.S. assembly plants. More recently, though, the old Rust Belt seems to have taken on a new
Two from Waltrip’s Team are Suspended Indefinitely: NASCAR Says it Found Illegal Substance in Car’s Fuel System
From Winston-Salem Journal DAYTONA BEACH, FL — Michael Waltrip found NASCAR CEO Brian France and President Mike Helton waiting at his hauler for him Tuesday morning. Waltrip knew that it wasn’t a good sign. Wednesday night, Robin Pemberton, NASCAR’s vice president of competition, announced major penalties for Waltrip and his team for using illegal fuel
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
Ford Posts Worst Loss in its History
From AFX News Limited DEARBORN, MI — Ford Motor Co. lost $5.8 billion in the fourth quarter amid slumping sales and huge restructuring costs, pushing the automaker’s deficit for the year to $12.7 billion, the largest in its 103-year history. The annual loss reported Thursday surpassed its previous record of $7.39 billion set in 1992.
GAAS 2007 to Feature Exciting Speakers, Register Early to Take Advantage of Discount
Surviving in a Changing Aftermarket is the theme for the 2007 Global Automotive Aftermarket Symposium (GAAS) on Tuesday, May 8 and Wednesday, May 9 at the Hyatt Regency O’Hare in Chicago. Participants who register before Friday, March 23, 2007 will receive $200 off regular registration rates. Registration forms can be accessed at http://www.globalsymposium.org.
Executive Interview with Dennis Welvaert, President, North American Aftermarket Division, Dayco Products, LLC, A Division of Mark IV Industries
While in Las Vegas, aftermarketNews.com sat down with Dayco’s Dennis Welvaert to discuss the current state of aftermarket brands and the increasing competition from OE parts and service.
Automotive Hall of Fame Announces 2007 Distinguished Service Citation Recipients and 2006 Industry Leader
The Automotive Hall of Fame has announced its 2007 Distinguished Service Citation Recipients. The Automotive Hall of Fame’s oldest recognition, initiated in 1940, the Distinguished Service Citation recognizes individuals who have significantly improved the industry or their respective organizations. Recipients are either currently employed in the industry or recently retired.