Bendix-Dana Joint Venture Completes Management Team Selection
Completing its leadership team selection, Bendix Spicer Foundation Brake LLC, a new joint venture between Bendix Commercial Vehicle Systems LLC and Dana Corp., announced the appointment of Bill Mossing as assistant general manager. Mossing will join Kishor Pendse, president of the new business.
Dana Reports Improved Operational Results
Dana Corp. has reported 2004 second quarter sales of $2.3 billion, compared to $2 billion during the same period last year. “We are pleased to have delivered another solid quarter of operational performance with net income, exclusive of unusual items, up 60 percent,” said Dana Chairman and CEO Mike Burns. “At the same time, we’re far from satisfied and continue to pursue greater focus, integration and productivity in line with our commitment to meeting the needs of our global customers.”
Delphi-Raytheon Joint Venture to Move Automotive Sensor Systems Jobs to Mexico
Tucson, Ariz., will lose about 50 high-tech manufacturing jobs by next June, when an automotive sensor systems joint venture between Raytheon Co. and Delphi Corp. moves to Mexico. HE Microwave, a 50-50 venture Raytheon inherited when it bought Hughes Missile Systems Co. in 1997, will be dissolved as operations are phased out in Tucson and moved to a Delphi plant in Reynosa in the Mexican state of Tamau-lipas, just south of the U.S. border near McAllen, Texas, said Paula Angelo, a spokeswoman for Delphi Electronics & Safety in Kokomo, Ind.
System Allows Consumers to Buy Salvage-Yard Auto Parts from New-Parts Dealers
Joseph “Joey” Woodfin IV seized an opportunity. He noticed how automotive salvage yards, such as his Woodfin Auto Parts business in Chesterfield County, Va., had been looking for ways to sell more used car parts to consumers. Also, national auto-parts retailers wanted to be able to offer different merchandise to keep shoppers coming back. Woodfin decided to merge the needs, creating a budding national business that links auto recyclers with car parts retailers. His new EverDrive LLC serves as a conduit for auto parts retailers to have access to a vast supply of used parts through a network of more than 200 auto recyclers across the country.
Goodyear Files Antitrust Lawsuit for Price Fixing
Goodyear Tire & Rubber has filed an antitrust lawsuit against suppliers of Ethylene Propylene Diene Monomer (EPDM) alleging price fixing and anti-competitive conduct in violation of the federal Sherman Act antitrust laws. EPDM (Ethylene Propylene Diene Monomer) is a synthetic rubber that is used in rubber-containing products to improve their strength, and EPDM has excellent resistance to heat, oxidation, ozone and weather aging due to its stable, saturated polymer structure. Goodyear uses EPDM in tires, hoses and belts, for example.
Two Collins & Aikman Board Members Resign
Two board members investigated internally for insider deals have resigned from auto supplier Collins & Aikman Corp. (C&A), which has lost money three years in a row, and on Thursday reported another first-quarter loss. The quarter’s red ink was slightly less than it was the same period a year ago.
Supplier Pact is Official: New Hires to Make Less at Delphi and Visteon
The country’s two largest auto-parts makers, Delphi Corp. and Visteon Corp., formally announced Thursday their 7-year UAW contract that will substantially reduce pay for their future UAW workers, and requires them to pay for more of their health care and much of their retirement.
Retooling a Pool of Talent: Michigan Reaches Out from Brawn to Brains
Diego Rivera’s famous mural of Detroit’s industry depicts big, muscular men pulling on steel and manipulating heavy machines as they mold new cars. But if Rivera were here today, how would he see the city? Probably not muscling steel girders around. He’d see MBAs and computer geeks creating the modern automotive world in front of their computers.
Radiator.com’s Marketing Drives Sales
A California company has found gold under the hood of America’s older vehicles – with a little help from Visteon Corp. In a little more than a decade, Radiator.com/1-800-Radiator has grown from a $2.5 million local business into a $60 million company with 34 locations nationwide.
Attorney Shirley Peterson Elected to Goodyear Board
Attorney Shirley Peterson has been elected to Goodyear Tire & Rubber’s board of directors. The recipient of a number of national awards, Peterson began a 20-year career as an attorney with the law firm of Steptoe & Johnson in Washington, D.C., in 1969, becoming a partner in 1978. In 1989, she accepted an appointment by President George H.W. Bush as assistant attorney general, Tax Division at the U.S. Department of Justice. Peterson remained there until 1992, when President Bush appointed her commissioner of the Internal Revenue Service.