Timken Raises Earnings Outlook
Canton, Ohio-based Timken has increased earnings expectations for the first quarter and full year based on an improvement in company operations. The company expects earnings per diluted share of 25 cents to 30 cents for the first quarter of 2004 and $1 to $1.10 for the year, excluding special items. The company’s previous estimates were 15 cents to 20 cents per diluted share for the first quarter and 85 cents to $1 for the year, excluding special items.
Panel to Address China’s Effect on U.S. Manufacturing
A panel of industry and trade representatives will address China’s effect on U.S. manufacturing during the MEMA Legislative and Public Policy Summit: Advancing American Manufacturing, which will be held on Thursday, May 5-6 in Washington, D.C.
Executive Interview with Joe Puishys, President of Honeywell Friction Materials
Our latest edition of “Executive Interview” features Joe Puishys, president of Honeywell Friction Materials. A 25-year veteran of the company’s automotive businesses, Joe Puishys has served as president of Honeywell Friction Materials since early 2002. His responsibilities include overseeing the most recent corporate effort to align closely with Honeywell’s business initiatives and operating plan. He has already played a major role in the cost cutting and six sigma programs occurring throughout the organization. Join us as Puishys gives us an update on Honeywell Friction Materials, including plans to expand manufacturing operations and launch new products.
Delphi Loss Means No Bonus for Execs
Auto-parts supplier Delphi Corp. said Friday that none of its corporate officers received bonuses last year due to the company’s $56-million loss in 2003. Delphi Chairman and CEO J.T. Battenberg’s pay fell about 45 percent in 2003 to $3.8 million after the company eliminated his bonus.
Snap-on Tools and NASCAR Driver Rusty Wallace Team-Up to Create Films on Fluid Maintenance
Snap-on Tools and NASCAR champion Rusty Wallace have joined forces to produce a series of films demonstrating to consumers the importance of regular maintenance of cooling, fuel, power steering and transmission fluid systems. One of NASCAR’s most successful and popular drivers, Rusty Wallace narrates each of the four episodes, explaining the function of cooling, fuel, power steering and transmission fluid systems and the benefits of properly maintaining those systems.
Defining Your Process Model
In our last article we identified seven critical attributes of the process enterprise. Starting today, we’ll spend several weeks exploring some of the practical issues involved in bringing these key attributes to your own organization.
TRW Automotive and FAWER Sign Commercial Steering Joint Venture Agreement
TRW Automotive J.V. LLC and FAWER Automotive Components Co. Ltd. have formed a new joint venture called TRW FAWER Commercial Vehicle Steering (Changchun) Co., LTD. The new company will manufacture and sell steering gears for the commercial vehicle market.
Sell-Out Inventory Management Seminar Shows Industry’s Interest in Topic
The University of the Aftermarket’s Inventory Management Seminar, held March 8-9, drew a sell-out crowd, revealing the topic’s high interest to the industry. The event was hosted by the Automotive Aftermarket Suppliers Association (AASA), the aftermarket segment association of the Motor & Equipment Manufacturers Association (MEMA). The seminar gave participants a better understanding of the fundamentals of inventory control management and the purchasing process. Major areas of focus were distribution center inventory management, store inventory management and supply chain inventory management.
Executive Interview with Tony Perticari, Vice President of Sales and Marketing, Crown Remanufacturing
Our latest edition of “Executive Interview” features Tony Perticari, a 35-year veteran of the automotive parts industry. Perticari joined Philadelphia-based Crown Remanufacturing in 1986. He currently serves as vice president of sales and marketing for the company and is responsible for all NAFTA and overseas sales and marketing activities. Join us as Tony Perticari tells us what makes Crown tick, and what it takes to stay ahead of the pack. He also shares with us his predictions for the future of the reman industry, and the company.
MACS, Four Seasons Sponsor Car Care Council Women’s Board Scholarships
The Car Care Council Women’s Board has announced that the Mobile Air Conditioning Society Worldwide (MACS) and Four Seasons, Inc., a division of Standard Motor Products, Inc., have each agreed to sponsor a $500 scholarship for a female student interested in entering the automotive aftermarket.