Bill Cropper Named 2009 CABA Person of the Year
The Person of the Year honor is bestowed upon an individual who makes a significant personal contribution of time and effort for the betterment of the association. Cropper first volunteered for service to the association when he joined the board of directors in 1977.
Hytec DeBartolo Rescinds Exclusive Purchase Agreement with Melling Tool Co.
The due-diligence process and subsequent business transaction, where Melling planned to purchase majority equity ownership in Hytec, is now null and void.
Executive Interview with Thomas Langer, Founder of TLG Research
Thomas Langer Jr. founded TLG Research Inc. in 1992. Langer grew up in a vehicle dealership family and went on to manage the marketing research and pricing activities for a Fortune 50 auto, truck and industrial parts manufacturer. In addition, Langer has been the chair of the Automotive Marketing Research Council’s (AMRC) Research and Planning Committee, has been active with the corporate mergers and acquisition group, participated in many other industry organizations and served with the APAA Government Affairs Committee. Here, Langer shares his insights on what’s ahead for the aftermarket industry in 2010.
TRW Establishes Driver Assist Systems Engineering Center in North America
The new center’s establishment is part of TRW’s global strategy to provide customers with professional application support for sophisticated DAS applications on each of the three major continents; the company has also placed resident DAS engineers in Japan and Korea.
Advance Auto Parts Third Quarter Comparable Store Sales Increase 4.7 Percent
Year-to-date free cash flow increased 53 percent to $414 million.
AkzoNobel to Acquire Dow Powder Coatings Activities
The deal will bring key technological know-how and significant synergy potential to AkzoNobel’s Powder Coatings business, as well as enhancing the company’s position in the U.S.
CAWA Installs Officers for 2010
New officers elected at CAWA’s annual meeting in Las Vegas during Industry Week.
SAE International Releases Test Results of the Low GWP Refrigerant for Mobile Air-Conditioning
HFO-1234yf is a non Ozone Depleting Substance with a Global Warming Potential (GWP) of 4. In comparison, the current refrigerant, R-134a, has a GWP of 1430. Beginning in 2011, automakers will be required to use refrigerants with a global warming potential (GWP) below 150.
Lear Completes Financial Reorganization, New Common Shares Will Begin Trading on the NYSE
Company emerges from Chapter 11 with a strong and flexible capital structure, including more than $1 billion in cash.
Dana Launches Industry’s First Eco-Friendly Cylinder-Head Cover
Company supplying component from recycled materials for 2010 Ford vehicles.