Companies Brace For General Motors Impact In Charlotte, NC, Area
General Motors Corp. cutbacks announced Monday won’t affect the roughly 160 jobs at the automaker’s service and parts operation in Charlotte, NC, a GM spokeswoman said. But they could cause ripples that reach into the region’s hundreds of automotive suppliers.
GM Plans to Cut 30,000 Jobs, Close Plants
General Motors Corp., confronting the biggest challenge in its history –- survival — swallowed a bitter pill Monday and announced a massive plan to shrink itself.
Executive Interview with Max Dull, President and CEO, Beck/Arnley
This week, we hear from Max Dull, president and CEO of Beck/Arnley, the import replacement parts manufacturer that recently went independent after being divested from the former Dana AAG, now Affinia. An executive with a thorough knowledge of, and background in, nearly every segment of the automotive aftermarket, Dull provides interesting insights on the future of our industry. Join us as he brings us up to speed on the newly independent Beck/Arnley and the future of the import parts market.
Troubled Supplier Finally Has a Suitor
Plastech Engineered Products Inc., a growing plastics auto parts maker from Dearborn,MI is expected to launch a bid in bankruptcy court this week for rival Collins & Aikman Corp., a company roughly four times the size of Plastech.
DENSO Announces First-quarter Financial Results
Some of the highlights include a consolidated net sales totaling $6.8 billion, a 10.7 percent increase from the first quarter of last term; operating income totaling $641.4 million, an 18.7 percent increase from the first quarter of last term; and a 3.3 percent increase in income before income taxes and minority interests from the first quarter of last term.
Car Makers Cut Free Maintenance
In an effort to trim costs, car makers are eliminating their free-maintenance programs — a move that could cost drivers thousands of dollars in additional upkeep over the life of a vehicle. Now, however, a growing number of manufacturers — including some of the same brands that kicked off the free-maintenance movement more than a decade ago — are requiring new customers to pay for maintenance services like oil changes, tire rotations and other routine tasks that used to be free.
Detroit Diesel to Discuss its ‘Holistic’ Approach to Product Info
The light-vehicle aftermarket meets the heavy-duty market at the 5th annual Aftermarket e-Forum when Detroit Diesel Corporation, a global supplier of heavy-duty diesel engines and parts dealers and distributors worldwide, takes the podium and reveals how implementation of a new Product Information Management solution helped the company stop a $1.5 million a month revenue leak while reducing time-to-market by 80 percent for new parts, pricing and catalogs.
DENSO Announces Senior Management Changes
DENSO Corp. has announced management changes that were voted upon yesterday at the company’s shareholders meeting. These changes are effective today.
Continental Cuts Production at Charlotte Passenger Plant
Continental Tire North America (CTNA) announced yesterday that it is making a significant cut in tire production at its Charlotte, N.C., passenger and light truck/SUV tire plant, a move that will result in some 200-300 layoffs.
ETI ToolTech Event is a Success
The Equipment and Tool Institute’s (ETI) recent ToolTech event held April 26-28 in Indian Wells, Calif., brought nearly 120 people from all segments of the industry together for networking, one-on-one meetings, a company showcase and other important events.