American Axle Gets 2-Tiered Pay Plan In Tentative Deal
The UAW’s quick settlement Friday morning of the one-day strike at American Axle & Manufacturing Inc. in Detroit finds the union again authorizing a concept it once loathed — a two-tier wage structure that ensures future employees never make as much as current ones.
Dana Corp. Prepares for 100th Anniversary Celebrations
Dana Corp. will kick off its centennial-year celebrations at an automotive technology event in downtown Detroit, this while banners announcing the anniversary will begin peppering downtown Toledo. The Toledo firm, which turns 100 on April 1, will start its centennial celebration at the Society of Automotive Engineers World Congress. Dana will return to the March 8 to 11 event at Cobo Center for the first time since 2001 after bowing out, along with other large suppliers, for business and financial reasons.
CARDONE Industries Accepted into EPA’s National Environmental Performance Track Program
Automotive parts remanufacturer CARDONE Industries has been accepted for membership in the Environmental Protection Agency’s (EPA) National Environmental Performance Track Program. Performance Track rewards facilities that voluntarily exceed regulatory requirements, implement environmental management systems, work closely with their communities and set three-year goals to continuously improve environmental performance.
TI Automotive Combines Regional Operations
TI Automotive, a leading supplier automotive fluid storage and delivery systems, has combined its regional operations for heating, ventilation and air conditioning (HVAC), in a move to help streamline its product development process.
Metaldyne Names Wendy Needham to Board of Directors
Metaldyne has named Wendy Beale Needham to the company’s board of directors. Needham most recently served as managing director of global automotive research for Credit Suisse First Boston. Before retiring in 2003, she provided investment research on the automotive industry, including extensive research on economic factors driving industry demand trends, and impact on stock price performance.
Class-action Decision Delayed in BAH Hearing; Firestone Recalls Another 297,000 Steeltex Radial A/T tires
An Indio, Calif., hearing to determine if a lawsuit over Bridgestone/Firestone’s Steeltex tire brand should gain class-action status has been postponed until Mar. 17. The hearing was originally scheduled for Feb. 25. California Superior Court Judge Christopher Sheldon delayed the decision, saying he wanted a shorter version of the motion filed by Bridgestone Americas Holding (BAH) opposing class-action certification. In related news, late yesterday afternoon Bridgestone/Firestone North American Tire announced a voluntary safety campaign in the U.S. to replace approximately 297,000 Steeltex Radial A/T tires in size LT265/75R16 LR D (Load Range D) on 2000-2002 and some early 2003 model year Ford Excursions. The company said preliminary data suggests that there could be an issue concerning the performance of these tires. The Wall Street Journal reported Thursday that the new recall was initiated following three fatal crashes that claimed five lives.
CARDONE Industries Named O’Reilly Auto Parts 2003 Vendor of the Year
CARDONE Industries was recently named “2003 Vendor of the Year” by O’Reilly Auto Parts. CARDONE is a leading supplier of remanufactured automotive products, including a full line of brakes, drivetrain, electronics, motors, pumps and steering. CARDONE was selected for the award based on its high service levels, including effective sales support, ease of business and high order fill, according to the company.
Visteon CFO Daniel Coulson to Retire Next Month
Daniel Coulson, Visteon’s executive vice president and CFO, has announced he will retire on March 31, after a distinguished 38-year career at Visteon and Ford Motor Co.Coulson originally intended to announce his retirement in early December 2003, but agreed to remain with the company on an interim basis after his replacement, George Strickler, former CFO at BorgWarner, withdrew from the new appointment.
American Axle Strike Causes GM to Idle Plant
In a move that already is rippling through the auto industry, about 6,500 UAW auto-parts workers hit the picket lines Thursday morning at American Axle & Manufacturing Inc. in Detroit and other cities. A 4-year contract with UAW members at American Axle, one of the world’s largest auto suppliers, expired at midnight Wednesday and the two sides could not reach a tentative agreement. By late Thursday the strike already was affecting General Motors Corp., American Axle’s biggest customer and former owner.
Final Deadline for AASA Top Suppliers List — Friday, March 5
The final deadline to submit information for the 2004 Top Automotive Aftermarket Suppliers List is quickly approaching. Information for this free listing must be submitted by Friday, March 5. Published by Automotive Aftermarket Suppliers Association (AASA), the aftermarket segment of the Motor & Equipment Manufacturers Association (MEMA), and produced by Babcox Publications, this multi-page, full-color publication will be distributed with the May issue of Counterman magazine, which reaches more than 50,000 automotive aftermarket parts distribution professionals every month.