Dura Automotive Standardizes Manufacturing Operations
Dura Automotive Systems has announced it will standardize its North American manufacturing operations on QAD MFG/PRO eB2 and related applications. QAD Inc. is a provider of enterprise applications for global manufacturers. QAD Global Services will work together with Dura to provide consulting and implementation services. Dura will deploy MFG/PRO eB2 at nine production sites and upgrade 11 other locations in North America. Dura said it expects QAD applications will help streamline manufacturing and enterprise functions shared by multiple locations, enable more efficient financial management and accelerate information transfer along the supply chain.
Small is Satisfactory: Dura Builds a Niche
So it’s not as big as Delphi. It doesn’t employ as many as Lear. But Lawrence Denton, chief executive for Dura Automotive Systems Inc., says he’s satisfied with his company’s size. Dura, he says, is just better off being small.
Tenneco Automotive Names Timothy Donovan as New Director
Timothy Donovan has been elected to Tenneco Automotive’s board of directors. Donovan is executive vice president, managing director of Tenneco Automotive’s International Group and general counsel. Donovan joined Tenneco Automotive as senior vice president and general counsel in August 1999.
AADCO Automotive to Acquire Coreline Auto Parts Ltd.
AADCO Automotive Inc., a supplier of Like, Kind and Quality (LKQ) used auto parts, has signed an agreement to acquire Coreline Auto Parts Ltd. of Milton, Ontario. Founded in 1977, Coreline Auto Parts is the third largest automotive core and materials broker in Canada doing business from coast to coast. A privately held company with annual revenues of $1.5 million, Coreline will significantly expand the AADCO distribution network across Canada, according to AADCO CEO Charles Hodgkinson.
Defining The Process Enterprise
In this week’s article we’ll deal with a fundamental question: What is a “process enterprise” and how does it differ from the kind of enterprise most of us are living in today?
Standard Motor Products Announces Fourth Quarter and Full Year 2003 Results
Standard Motor Products has reported its financial results for the three months and for the year, which ended Dec. 31, 2003. Consolidated net sales for the fourth quarter of 2003 were $162.5 million, compared to consolidated net sales of $107.9 million during the comparable quarter in 2002. Losses from continuing operations for the fourth quarter of 2003 were $5.5 million or 29 cents per diluted share, compared to $8.1 million or 68 cents per diluted share in the fourth quarter of 2002.
PPG Announces Management Assignments
PPG Industries has announced two management assignments. Reg Norton, director of global manufacturing and supply chain for PPG’s automotive refinish business unit, has been appointed global director, environment, health and safety, effective April 1. He will replace David Cannon Jr., vice president, environment, health and safety, who is leaving the company on March 31. Lynne Schmidt, director of government affairs, will be promoted to vice president, government and community affairs, and executive director of the PPG Industries Foundation, effective July 1.
Centrix Financial Subsidiary to Acquire Rights To Grand Prix of Denver From Dover Motorsports
A wholly-owned subsidiary of Centrix Financial, a financial management and services firm, has announced its intention to acquire assets and rights to the Grand Prix of Denver from the Grand Prix Association of Long Beach, Inc. (Grand Prix), a wholly-owned subsidiary of Dover Motorsports. Centrix’s subsidiary is currently conducting a due diligence process and said it will announce its final decision with regard to the acquisition of rights no later than March 12. Financial terms were not disclosed.
Delco Remy International Announces Fourth Quarter And Year End Results
Delco Remy International announced that fourth quarter 2003 Adjusted EBITDA increased 62.9 percent to $27.7 million on a net sales increase of 4.2 percent to $261 million as compared to EBITDA of $17 million and net sales of $250.5 million for the same period in the prior year.
Delphi Debuts New Ad Campaign; Aims to Bring Automotive Technology to Other Markets
Delphi has debuted a new television ad campaign aimed at showing how the company is taking automotive technology to other markets. The new campaign, created by McCann Erickson’s Detroit office, depicts how Delphi technologies can be used to benefit other industries outside the automotive arena, including medical, homeland security and computers.