Delphi Introduces New Vehicle Interior Skin Technology
Delphi Corp. has created a new skin for instrument panels, consoles and other vehicle interior surfaces.
Editor’s Ink: Help Him Help You
On my way home from the office sometime last year, I noticed some activity going on at a long-abandoned repair facility. Over time, the activity became pretty serious as the new owner was adding much more than just a new coat of paint.
Johnson Controls Elects New Director
Battery, integrated seating and interior systems supplier Johnson Controls announced the election of Eugenio Clariond Reyes- Retana to the company’s Board of Directors. Mr. Clariond, 61, is Chairman of the Board and Chief Executive Officer of Grupo IMSA S.A., an industrial conglomerate specializing in steel, aluminum and plastic products.
Georg Fischer to Outsource 2,500 IT Jobs to EDS
Swiss engineering group Georg Fischer AG has signed an agreement with Electronic Data Systems Corp. (EDS) over the outsourcing of 2,500 IT jobs in its automotive division.
Test
Testing new server
Test2
Test 2
UPS Set to Buy Overnite Corp.
Shipping giant UPS Inc. announced this morning that it is acquiring trucking firm Overnite Corp. for about $1.25 billion in cash. Under the deal, Overnite stockholders will receive $43.25 for each Overnite share, a 46 percent premium over Overnite’s closing price of $29.58 on May 13. The buyout has been approved by Overnite’s board, according to reports, and is expected to close in the third quarter of this year.
Uni-Select Looking to Outsource IT Needs
Quebec-based Uni-Select Inc. is currently exploring the possibility of outsourcing its IT needs, according to a report from the Canadian Press. Uni-Select is currently in talks with an IT company called Conseillers en gestion et informatique, or CGI Inc.
New Book Tells the Story of Edelbrock
A new 325-page hard bound book tells the history of the performance aftermarket industry as it unfolds around Vic Edelbrock Sr. and other pioneers of performance. Names like Wally Parks, Alex Xydias, Ed Iskendarian and Ed Pink are intertwined in the story about the beginnings of the Edelbrock Equipment Company in the late 1930s.
Johnson Controls to Retool
Johnson Controls said it will invest $118 million to retool operations in the Holland and Battle Creek, Mich., areas, creating or retaining hundreds of jobs rather than move production to Ohio and Mexico. The auto parts maker is to receive $17.4 million in tax credits from the Michigan Economic Development Corp. for the combined projects. In addition, Holland Township granted the company a $4.8-million tax break and the City of Battle Creek offered to forgive $5.4 million in taxes.