6 CEOs, 6 Views on Economy; Leaders Give Their Takes on Tax Rebates, Fed Cut, Recession
As government leaders respond to fears by some analysts and many frenzied investors that we are tumbling into, if not already in, a recession, six Wisconsin executives offer their take. They are Cindy Lu, vice president and co-founder of Novo Group; Jeff Joerres, chairman, president and chief executive officer of Manpower Inc.; Paul Purcell, chairman, president and CEO of Robert W. Baird & Co.; Steve Roell, chairman and CEO of Johnson Controls Inc.; Tom Boldt, CEO of the Boldt Co.; and John Bergstrom; CEO of Bergstrom Automotive. In interviews with Journal Sentinel reporters Joel Dresang and Thomas Content, they differ on the inevitability of a downturn but agree that a recession now will be unlike the eight-month decline that officially ran from March 2001 to November 2001.
Delphi Starts Talks with Lenders for $6.1 Billion Loan
Delphi Corp. plans to begin official talks today with potential lenders seeking a $6.1 billion loan to help the auto supplier emerge from Chapter 11 bankruptcy protection. For the second time, Delphi has reduced the size of the loan it seeks. Last year, the company scaled back the amount by $2 billion to $6.8 billion. Because Delphi generated more cash than it had expected to in a business plan last fall, the company has reduced it again by $700 million to $6.1 billion.
Executive Interview with Michael Tate, General Manager, MAHLE Clevite Inc.
In September, Michael Tate joined MAHLE Clevite as general manager. He brings 26 years of aftermarket experience to MAHLE Clevite, most recently with SPX Service Solutions. In addition to SPX, Tate held a variety of sales management positions with such companies as Parker Automotive, Dorman Products and Phillips & Temro Industries. As GM of MAHLE Clevite, Tate has management responsibility for all North American Aftermarket activities for the MAHLE Group, which includes MAHLE Clevite Inc., MAHLE Clevite Canada, ULC and the Aftermarket division of MAHLE Componentes de Motores S.A. de C.V.
Dana’s Post Bankruptcy Board of Directors to Include Political, Financial Leaders and Top OE, Aftermarket Execs
As it prepares to emerge from Chapter 11 reorganization, Dana Corp. has announced the names of nine executives who are expected to serve as members of Dana’s board of directors, after its bankruptcy proceedings have ended. The board, which has been selected by creditors and new investors, assembles distinguished leaders from government, finance and automotive backgrounds. Collectively, the board represents more than 170 years of automotive industry experience.
CCC Announces Recipients of Second Annual Scholarship Fund
CHICAGO — CCC Information Services has announced the recipients of its second annual scholarship program, totaling $25,000. Working in conjunction with the I-CAR Education Foundation, students from five schools were selected for the scholarships, chosen for their academic achievement, attendance and dedication to the collision repair industry. CCC also announced that it has renamed its
Executive Interview with Jay Pittas, President, Remy Electrical Aftermarket
This week’s Executive Interview features Jay Pittas, president for the Electrical Aftermarket business of Remy International. Pittas joined Remy in 2006 from Eagle-Picher Automotive where he served as president of the Wolverine Specialty Materials business. Prior to joining EaglePicher, Pittas held progressive positions with Honeywell, ARI Technologies and UOP. Pittas has nearly 30 years of manufacturing experience, holding management positions in customer service, sales, technical support and process engineering. He has been responsible for leading business expansion through new customer and international market development, implemented Six Sigma and other productivity programs and organized teams to meet competitive challenges. Pittas completed the chemical engineering program at the University of Notre Dame and the engineering management program at Hamilton University. Join us as Pittas shares with aftermarketNews the latest details on Remy’s Prepackaged Plan of Reorginzation as well as the company’s plans
Mitchell Glass Launches New Website Dedicated to Auto Glass Repair and Replacement
Mitchell Glass, a division of Mitchell International, recently announced the release of GlassMate Version 5.5 to the Auto Glass Repair and Replacement (AGRR) industry. GlassMate, a point-of-sale system for the AGRR industry, increases user efficiency by allowing direct order placements of auto glass parts from Pilkington, an automotive glass manufacturer. Mitchell Glass also launched a new website tailored to the needs of the AGRR user community. The new website provides a destination offering comprehensive information about Mitchell Glass products, support and answers to commonly asked questions.
Monday, August 20, 2007 AMN News
Monday, August 20, 2007 Hahn Automotive Warehouse to Acquire Prime Automotive Parts Co. Category: Distribution & Service News Hahn Automotive Warehouse, Inc., a Rochester, NY-based company, and Prime Automotive Parts Co., Inc., a Glendale, NY-based company, have announced that they have signed a definitive agreement for Hahn to acquire Prime. Both Hahn and Prime
Chicago Pneumatic Selects Wray Ward Laseter to Develop Strategic Marketing, Brand Building Program
Wray Ward Laseter, based in Charlotte, NC, is an independent creative marketing communications firm that has been selected as agency of record by Chicago Pneumatic’s Vehicle Service Division. The company has been given the responsibility for developing and implementing a comprehensive advertising, interactive and public relations program for Chicago Pneumatic.
From Counterman.com: Managing a Moving Target
In today’s connected, electronic age, few store managers would consider going back to the “good old days” — those times not so long past when inventories were manually recorded and managed on cards. These days, the very idea of inventory cards seems like the Stone Age, and in many ways, it was. Today, the entire supply chain — from manufacturer to warehouse to store to installer — is interconnected through sophisticated store management software packages and systems that provide business information and controls that were not possible even two years ago.