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Standard Motor Products Achieves ISO/TS 16949 Certification

Standard Motor Products’ wire and cable factory in Mishawaka, IN, has achieved the ISO/TS 16949:2002 Certification from SGS North America, an internationally accredited certification body and third-party registrar. Designed to meet the quality requirements of automotive manufacturers worldwide, ISO/TS-16949 is the result of cooperation among members of the International Automotive Task Force (IATF), which includes GM, Ford and Daimler Chrysler, and is the single registration to standardize requirements for the American, European and Asian automotive industries.

LIVE FROM GAAS: Federal-Mogul’s Jose Marie Alapont Outlines the Requirements for Driving Profitable Growth

While the automotive industry may be struggling today, industry professionals can rest easy, knowing that the interest in and need for vehicles is not slowing down. According to Federal-Mogul’s top executive Jose Marie Alapont, the consumer population will grow to 2 billion consumers, or 29 percent of world population by 2015, compared to 1.1 billion consumers, or 17 percent of the population in 2000. The global market will reach 76 million units by 2010, said Alapont. With this growth, will come a need for more cars, more parts, more service and repair.

Johnson Controls Stock Hits New High: Company Predicts Higher Profits This Year

Shares of Johnson Controls Inc. surged 9 percent to an all-time high after the company said a lower tax rate and strong sales of air conditioners and automotive batteries will boost its profits this year. Net income fell $38 million, or 20 cents a share, to $165 million, or 84 cents a share, in the quarter that ended on March 31. But net income from continuing operations, which excludes restructuring costs and a tax credit, was $162 million, or 83 cents, up from $54 million, or 28 cents, a year ago. The 83 cents was higher than the 75 cents forecast by analysts surveyed by Thomson Financial First Call.

International Automotive Components Acquires Collins & Aikman Brazil

International Automotive Components Group Brazil, a joint venture between WL Ross & Co. LLC and Franklin Mutual Advisers, LLC, has acquired a controlling stake in the Brazilian operations of Collins & Aikman. The deal includes 100 percent of the equity interests in Permali do Brazil Industria e Comercio Ltda. (Permali), and approximately $48.2 million of intercompany loans (including accrued interest), to Plascar Industria de Componentes Plasticos Ltda. (Plascar Ltda).

Next Goal in Vehicle Safety is Prevention: Technology Aims to Stop Accidents from Happening

Modern cars and trucks are doing so much to protect passengers in crashes that automotive engineers say it’s time for vehicles to do more to avoid accidents in the first place — perhaps by doing some of the driving. Cars that brake just before a crash, steer themselves back into traffic lanes and even tell paramedics the heart rate of their passengers after a crash are all possibilities discussed Wednesday at the Society of Automotive Engineers 2006 World Congress, meeting in Detroit.

Eleven Suppliers Win Prestigious 2006 Automotive News PACE Awards

Eleven automotive suppliers won 2006 Automotive News PACE Awards for innovation during a black tie ceremony last night at the Max M. Fisher Music Center in Detroit. Two automotive manufacturers were also honored with the Automotive News PACE Innovative OEM Collaborator Award during the program.

R. L. Polk & Co.’s Ask the Industry: What Impact Does Globalization Have on Brands?

Whether it’s a well-known U.S.-based aftermarket manufacturer opening facilities in Asia, or a strong new foreign player entering the U.S. market, today’s market place is a virtual melting pot. For this week’s Ask the Industry, we asked three knowledgeable industry executives for their thoughts on whether globalization has any impact on brand in the aftermarket. Here’s our question: How does the increasing presence of global competitors in the aftermarket impact the importance of brand?

Tomkins Eyes Asia for Sales Expansion

Engineering company Tomkins expects 20 percent of its sales to come from Asia within five years, as it expands aggressively in China and India, helping offset a weaker U.S. automotive market. Tomkins’ sales rose 28 percent in China and 25 percent in India in 2005 when the company made seven percent of its turnover from Asia.

EDITORIAL: To Save Detroit, U.S. Needs Tariffs

The accelerating woes of Ford and GM and the ongoing crisis in the auto parts industry have produced vows from Detroit that business-as-usual won’t continue. Yet, unless business-as-usual in U.S. trade policy ends too, and Washington imposes sweeping emergency tariffs on imports of manufactured goods, the American-owned automotive industry will soon disappear, and along with it much of the rest of America’s core manufacturing.

Executive Interview with Greg Gyllstrom, Vice President and General Manager of Visteon’s North American Aftermarket Operations

As vice president and general manager of Visteon’s North American aftermarket operations, Gregory Gyllstrom is responsible for expanding the organization’s aftermarket business by coordinating and directing the company’s sales, product development and marketing activities. Recently, Gyllstrom shared with aftermarketNews a few insights into the underhood category as well as Visteon’s evolution from a Ford spin-off into an ‘all-makes/all-models’ supplier.