Visteon Mourns Loss of Board Member Robert Teeter
Visteon Chairman and CEO Peter Pestillo today extended condolences to the family of Robert Teeter, a member of the company’s board of directors who died Sunday after an illness at age 65. Visteon Chairman and CEO Peter Pestillo today extended condolences to the family of Robert Teeter, a member of the company’s board of directors who died Sunday after an illness at age 65.
Top Tire Industry Performers for 2003
Nokian Tyres, Hankook and Bandag were the tire industry’s top performers in 2003 in terms of earnings as a percentage of sales, while Goodyear, Titan International, Bridgestone Americas Holding and Alliance Tire anchored the bottom of the list.
Wade&Partners Releases New Distributor Profitability Training Manual
Wade&Partners has released its latest training manual focusing on how to create a profitable operation of distribution and the importance of customer service in the heavy-duty parts and service market. Wade&Partners specializes in management services for aftermarket parts businesses.
Herman Trend Alert: Exploratory Job Seeking
Some workers are engaging in more exploratory job seeking. We’re hearing from employers that the rate of flow of resumes and query letters and calls has increased, a sign of restlessness and hopefulness on the part of unhappy workers. Sensing the improving economy and new job opportunities that will be opening, the “A players” are testing the waters, probing for possibilities.
Hayes Lemmerz International Posts First Quarter 2004 Results
Hayes Lemmerz International reported that sales for the fiscal first quarter, which ended on April 30, rose 15 percent to $594.1 million from $515.3 million a year earlier. Earnings from operations for the first quarter rose to $26.2 million, compared with $14.4 million a year earlier, excluding fresh start accounting adjustments and reorganization items.
ProQuest Sells Dealer Management System Business
ProQuest Co., a leading publisher of information solutions for the education, automotive and power equipment markets, has sold its powersports dealer management system (DMS) business to the Dealer Services Group of Automatic Data Processing. ProQuest will continue to provide parts and service products for powersports, recreational vehicle and marine dealers as part of a distributor agreement also entered into with ADP.
ASA Tire Systems to Sell TireMaster Software for Bandag’s QDS Subsidiary
Bandag Inc. has entered into an exclusive licensing agreement with ASA Tire Systems to sell TireMaster software for tire and auto service dealerships. TireMaster products are designed, developed and supported by Quality Design Systems, Inc. (QDS), a subsidiary of Bandag. Terms of the agreement were not disclosed.
Goodyear Adds 150 Jobs at Gadsen, Ala., Plant
Goodyear Tire & Rubber has added 150 new jobs at its plant in Gadsen, Ala. The workers will help produce tires for the company’s new Assurance tire line. Goodyear moved production of the Assurance ComforTred tire to the plant as resolution to a contract dispute with the United Steelworkers of America (UAW).
Keystone Automotive Industries Reports Fourth Quarter, Year-End Results
Keystone Automotive Industries has reported results for its fourth quarter and fiscal year, which ended on March 26. The company said it surpassed the $500 million sales milestone for the year. Keystone distributes products primarily to collision repair shops through 125 distribution facilities, located in 38 states and Canada. The company’s product lines consist of automotive body parts, bumpers and remanufactured alloy wheels, as well as paint and other materials used in repairing a damaged vehicle.
Fire at Goodyear Plant, No One Injured
A fire broke out at a Goodyear Tire & Rubber plant in Decatur, Ga., on Tuesday. While four engine companies responded to the five-alarm-fire, no one was injured and the plant suffered virtually no damage.