Aftermarket Suppliers: Be Aware of Legal Implications Related to Current Business, Industry Practices
Automotive aftermarket product manufacturers should review corporate internal and business policies with their company attorneys to assure compliance with Robinson-Patman and Sarbanes-Oxley laws, according to recent presentations to aftermarket executives sponsored by the MEMA Financial Services Group (MFSG). MFSG held the meeting for aftermarket supplier executives to discuss issues arising from current industry practices in regard to the laws passed by Congress.
Former Goodyear Workers to Be Cut
About 100 white-collar workers at Goodyear Tire & Rubber Co. whose jobs were shifted to an outside vendor last month will not get to keep their jobs for much longer.
Lean Manufacturers Recognized for Excellence
Ten automotive suppliers are among the recipients of the 2004 Shingo Prize for Excellence in Manufacturing. Dubbed the “Nobel prize of Manufacturing” by Business Week magazine, the Shingo Prize recognizes manufacturers who follow Toyota’s LEAN manufacturing principles. Administered by the College of Business, Utah State University, nine state-level awards and a public-sector category, primarily for Military Depots doing re-manufacturing, have been implemented in recent months.
Bridgestone to Raise Tire Prices
Bridgestone Corp, Japan’s biggest tire maker, said Monday it will raise prices of tires for shipment in Japan, effective June 1, to cover higher prices of natural rubber and other raw materials.
WIX Filters to Sponsor Local Race Teams
WIX Filters wants to help build excitement for motorsports beyond the bright lights of Daytona and Bristol and plans to do so through product sponsorships for local race teams.
Defining Your Process Model
In our last article we identified seven critical attributes of the process enterprise. Starting today, we’ll spend several weeks exploring some of the practical issues involved in bringing these key attributes to your own organization.
Dana Combines Two Business Units
Following a year of major changes for Dana, the company is continuing to streamline its business through reorganization efforts. Following a year of major changes for Dana, the company is continuing to streamline its business through reorganization efforts.
DST Asks: Do You Support Vendor Managed Inventory as a Business Practice?
“The Right Goods at the Right Price in the Right Place at the Right Time…”
Timken Named to Fortune 500
Canton, Ohio-based manufacturer Timken Co. was named to Fortune magazine’s Fortune 500 listing of the largest companies in the U.S. With $3.8 billion in sales in 2003, Timken is ranked 444 overall and 12 on Fortune’s list of industrial and farm equipment manufacturers.
ASC Promotes Blackerby to COO
ASC Industries, Inc., has promoted William Thomas (Tom) Blackerby Jr. to COO. Prior to this promotion, Blackerby served as executive vice president and CFO for the company. In this new role, Blackerby will assume a more active role in the management of ASC’s Asian facilities and original equipment manufacturing sales efforts.