Executive Interview with Terry Shively, Vice President and General Manager, Clevite Engine Parts, Dana Corp.’s Engine and Fluid Management Group
Our latest edition of “Executive Interview” features Terry Shively, vice president and general manager of Clevite Engine Parts, Dana Corp.’s Engine and Fluid Management Group. Shively is responsible for the marketing, sales and distribution of Dana Corporation’s Clevite Engine Parts division products. With 11 locations across the U.S., Clevite supplies Victor Reinz gaskets, Clevite 77 engine bearings and Perfect Circle piston rings to the distributor and production engine rebuilder markets.
AAPEX to Feature Service Information Update From Federal and California Regulators
Attendees at the Automotive Aftermarket Products Expo (AAPEX) will have the opportunity to hear first-hand from regulators at the California Air Resources Board (CARB) and the U.S. Environmental Protection Agency (EPA) regarding the progress that has been made in making critical diagnostic tools and information affordably and conveniently accessible to independent technicians. Attendees will also be able to express their concerns and ask questions regarding these important requirements.
Spectra Premium Concludes the Acquisition of Trimag
Spectra Premium Industries Inc. (SPI), a North American manufacturer of automobile, light-truck and heavy-duty truck aftermarket parts, has completed its acquisition of a 90 percent of interest in Trimag, L.P. Investissement Quebec will own the other 10 percent of interest in Trimag.
Delco Remy International Changes Name to Remy
As of Aug. 1, Delco Remy International, Inc. will be known simply as Remy International, Inc. The company is changing its corporate name to mark the tenth anniversary of its spin off from General Motors. The company said it will continue to market certain starters and heavy-duty alternators for original equipment and aftermarket customers under the Delco Remy trademark, which is licensed to the company by General Motors. The company will also add the Remy trademark to its brand portfolio for a variety of automotive products in addition to using Remy International as the new corporate name.
Modine Manufacturing Reports Improved First Quarter Results
Modine Manufacturing has reported strong improvement in its financial results for the first quarter, which ended on June 26. Sales for the first quarter increased 20 percent to $347.4 million from $288.9 million reported one year ago. This is the third consecutive quarter the company achieved record sales. Net earnings for the quarter increased over 22 percent to $13.8 million, or 40 cents per fully diluted share, compared with $11.3 million, or 33 cents per fully diluted share for the same period one year ago. The effective tax rate in the quarter increased to 41.1 percent from 34.3 percent last year.
ChevronTexaco Global Lubricants Pioneers Program to Benefit Hispanic Trucking Community
ChevronTexaco Global Lubricants (CTGL), a leading provider of heavy-duty engine oils, lubricants and coolants, recently introduced an on-going initiative to reach out to the growing Hispanic trucking community, which constitutes 15 percent of the nation’s 3.2 million truck drivers.
MISG Announces Management Appointments
Management Information Systems Group, Inc. (MISG), a leading provider of e-commerce, electronic data interchange (EDI) and Internet solutions, has announced two new management appointments.
Grote Releases Second Volume of “Know How” Training Guides
Grote Industries, a leading manufacturer of vehicle safety systems, has introduced the second volume in its “Know How” series of programmed instruction training guides. Grote Know How II is a 104-page illustrated guide to installation and troubleshooting of lighting and wiring on heavy-duty tractors, trucks and trailers.
R. L. Polk & Co. Introduces Polk Used Truck MarketView
R. L. Polk & Co. has launched its latest information solutions product. The Polk Used Truck MarketView provides commercial OEMs, fleet and leasing companies, dealers and aftermarket component manufacturers with comprehensive reports on used commercial vehicle information. The new product is accessible via Polk’s TIP Net Web-based commercial vehicle market intelligence system or available in report form on a subscription basis, and can be used to accurately analyze the commercial used vehicle market; plan inventory and sales strategy; identify new market opportunities; and take advantage of market conditions according to Polk.
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.