Asbestos Bill Headed for Showdown
Senate Judiciary Committee Chairman Orrin Hatch (R-Utah), has acknowledged that asbestos litigation reform legislation (S1125) as currently drafted is unlikely to gain the necessary 60 votes required to end debate in the Senate. The legislation is a priority of Majority Leader Bill Frist (R-Tenn.), and he is working with high-ranking Democrats in an attempt to develop a compromise bill that will draw the necessary votes to overcome the expected filibuster. Key to the discussion is the amount of money contained in a trust fund to pay claims as well as the size of individual claims.
Akebono Announces Passing of Regional Sales Manager Carl Schaefer
Akebono announced yesterday that Eastern Regional Sales Manager Carl Schaefer unexpectedly passed away in January. Schaefer was a 25-year veteran of the automotive aftermarket business, with a focus on brake systems. He joined Akebono in 2002 and managed the company’s aftermarket sales in the eastern U.S. and Canada.
ASA Appoints John Scully Executive Vice President
The Automotive Service Association (ASA) has appointed John Scully, AAM, to the position of executive vice president. Scully has served as ASA’s vice president of member services and operations since 1998. In announcing the promotion, Ron Pyle, ASA’s president and chief staff executive, said, “John has proven himself as a strong leader who considers the needs of our members as his top priority. Elevating his position to executive vice president equips John with the resources and authority needed to efficiently and effectively serve our members and this industry.
Taking Action on AHPs
The Association Health Plan (AHP) Coalition, made up of more than 150 associations including AAIA, is getting geared up for its second session. In order to raise the visibility of Association Health Plans in the Senate, a letter was sent to Senate Majority Leader Bill Frist (R-Tenn.), copying members of the Senate Uninsured Taskforce, asking him to include AHPs in any uninsured legislation he introduces.
Hayes Lemmerz Names Vice President, General Counsel and Secretary
Hayes Lemmerz International has named Patrick Cauley to the position of vice president, general counsel and secretary. Cauley, who was serving as the company’s interim general counsel, will continue to report to Curtis Clawson, chairman and CEO.
Two Visteon Employees to be Honored by Society of Automotive Engineers
Two engineering professionals from Visteon Corporation will be honored with the prestigious Forest R. McFarland Award on Tuesday, March 9, at the Honors Convocation during the 2004 Society of Automotive Engineers (SAE) World Congress & Exhibition in Detroit.
Montana Products Names Regional Sales Manager
Automotive coatings manufacturer Montana Products has named Rick Paul regional sales manager, representing Virginia, Maryland and the Carolinas.
Bandag Reports Fourth Quarter Results
Bandag Inc. has reported consolidated net income of $29.1 million, or $1.50 per diluted share, for fourth quarter 2003, compared to consolidated net income of $17.5 million, or $0.91 per diluted share in the fourth quarter 2002. Net income for both the fourth quarter 2002 and 2003 included favorable tax adjustments of approximately $3 million, or $0.15 per diluted share, resulting primarily from the resolution of certain tax matters.
Family Affairs at Two North American Supplier Giants Could Spell Trouble
The family ownership rampant among mid-sized German suppliers is sometimes seen as a liability compared to North America’s bottom line-obsessed car parts makers. But last week, two of North America’s biggest suppliers — Lear and Magna — looked more like fickle family enterprises than the publicly traded automotive giants they are.
Car Care Council Spokesperson Lauren Fix to Appear on NBC’s “Today” Show Tomorrow
Car Care Council spokesperson Lauren Fix will be a guest on NBC’s “Today” show tomorrow to discuss preparing viewers cars for extreme winter weather. She will also provide safe driving tips during the winter season.