TI Automotive Names Former MAHLE Exec to Managing Director Role
WARREN, Mich. — TI Automotive has named Thomas Buchholz as managing director of its European Fluid Carrying Systems business. He will report to Joachim Burkhardt, president of Fluid Carrying Systems and COO Europe. Formerly general manager of Liquid Management Systems for MAHLE GmbH in Stuttgart, Germany, Buchholz began his business career at Niedecker GmbH in
TI Automotive CEO Optimistic about Industry Outlook
TRAVERSE CITY, Mich. — Despite sharply declining industry sales in North America, TI Automotive said it plans to achieve an annual growth rate of 15 percent or more over the next several years globally. Bill Kozyra, the company’s new chairman and CEO, said auto suppliers need to redesign their business models to account for slumping
TI Automotive Restructures Global Business Operations; Company Moving Fluid Carrying Systems HQ from U.S. to Germany
TI Automotive announced it is restructuring its global business operations, according to Bill Kozyra, TI’s chairman and CEO, who said the company will move the headquarters of its Global Fluid Carrying Systems division from Warren, Mich., to Heidelberg, Germany, and will “streamline the management” of its fluid-carrying-systems, fuel-systems and HVAC business units in North America. The restructuring effort also includes the promotion of three key senior executives.
Former Conti Exec Bill Kozyra Named Chairman and CEO of TI Automotive
Bill Kozyra has been named chairman and CEO of TI Automotive. Kozyra’s appointment follows the planned retirement of former chairman and CEO Bill Laule. Kozyra comes to TI Automotive with more than 30 years of automotive experience, including leadership positions at Budd Company, Allied Signal, Bosch, ITT Automotive and Continental AG. Kozyra most recently was president and CEO of Continental AG’s NAFTA operations and a member of the company’s executive board.
TI Automotive Wins $173 Million in New Business
WARREN, MI — TI Automotive has been awarded contracts totaling more than $173 million in combined lifetime sales by three global automakers. TI Automotive’s Fuel Systems group received contracts during the second quarter of 2007 from General Motors, Kia and Toyota, according to Brian Lindsay, president of the company’s Global Fuel Systems Division. Production of
TI Automotive Awarded Contracts Totaling $154 Million
WARREN, MI — TI Automotive was awarded contracts totaling more than $154 million by six global automakers during the last three months. TI Automotive’s Fluid Carrying Systems group secured contracts with Ford, General Motors, The New Chrysler, PSA Peugeot Citroen, Toyota and Volkswagen, according to Rich Kolpasky, the company’s president of Fluid Carrying Systems division.
Investment Firm Acquires TI Automotive’s Industrial Group
An affiliate of Sun Capital Partners private investment firm has acquired the Industrial Group of TI Automotive. Terms of the acquisition were not disclosed. The Industry Group includes Vari-Form, which currently hydroforms more than four million automotive structural parts annually for its partners worldwide; Bundy Refrigeration, which makes condensers, evaporators and other cooling system components used in household and commercial refrigeration appliances; and Walbro Engine Management, which provides components and systems to the outdoor power equipment, industrial, marine, recreational and two-wheel vehicle markets.
TI Automotive Makes Deal with Sun Capital
TI Automotive Ltd., a Warren, MI-based auto supplier of fluid storage and delivery systems, said today it has sold its Industrial Group businesses to an affiliate of private investment firm Sun Capital Partners Inc. TI would not disclosed the price tag, but its Industrial Group businesses — which make products like evaporators, condensers and door warmers — represented 15 percent of TI’s sales and employs 5,000 people.
Frost & Sullivan Presents Customer Value Award to TI Automotive
Frost & Sullivan has selected TI Automotive as the recipient of the 2006 Frost & Sullivan Award for Customer Value Enhancement in the North American fuel pumps aftermarket. This is in recognition of its market leadership in providing a unique product line and solutions that offer high customer value in terms of superior performance-to- price ratio, coupled with high reliability and easy installation.
TI Automotive Wins $118 Million in New Business
TI Automotive has been awarded contracts by three major automakers and an automotive supplier to produce brake- and fuel-line components and assemblies, as well as air-bag tubes for more than seven new-model vehicles. Combined lifetime sales for the new contracts from DaimlerChrysler, General Motors, Ford and TRW total more than $118.2 million. Production for several projects has already begun at TI Automotive facilities in North America, China and South Korea, while others are slated to begin this fall and later in 2007.