Akebono Expands Aftermarket Friction Lineup
Akebono will launch the Akebono Premium Disc Brake Pads friction line next month. The line will feature 116 part numbers, covering a wide range of both late-model import and popular domestic vehicles.
Timken to Become NASCAR Contingency Sponsor
Timken has signed on as a contingency sponsor of the NASCAR Busch Series for three years, beginning with the 2004 season. The Hershey’s Kisses 300 at Daytona International Speedway, which took place last weekend, was the first time the Timken logo appeared on multiple NASCAR stock cars.
High Schoolers Earn Certifications from Industry
A diploma isn’t the only important document that some students have in hand when they graduate from high school these days. A growing number of students, educators say, are graduating with specific, industry-defined skills certifications that can have immediate value in the job market. Industries in which such certification is available include computer maintenance, automotive repair, nursing, graphic arts and food service.
Dura Loss Shrinks
Dura Automotive Systems Inc., which makes automotive parking brakes and seating controls, said its fourth-quarter loss narrowed to $2.86 million, helped by currency exchange rates and acquisitions. Dura’s net loss narrowed to 15 cents a share from a loss of $90.7 million, or $4.97, a year earlier. Sales rose 8.8 percent to $627.2 million from $576.5 million, the Rochester Hills-based company said.
Dana AAG Expands Relationship with NASCAR
Dana’s Automotive Aftermarket Group (AAG) has renewed its partnerships with NASCAR in anticipation of the 2004 NASCAR NEXTEL Cup Series. Dana aftermarket products such as WIX filters, Raybestos brakes and Clevite Engine Parts are part of the exclusive lineup of NASCAR Performance products.
More Details on the Future of Honeywell’s Friction Materials Business
Yesterday, Honeywell announced that it had terminated discussions with Federal Mogul regarding the possible sale of its friction materials business, which manufactures and markets the well-known aftermarket brand Bendix. After several months of negotiations, the parties were unable to agree on terms of a deal. Now Honeywell has reported that the friction materials division will remain part of Honeywell and will become closely aligned with the company’s business initiatives and operating plan. According to Joe Puishys, president of Honeywell friction materials, the company is in the process of making investments in both the aftermarket and OE segments of the business.
ArvinMeritor to Sell Ohio Trailer Systems Business to Sypris Solutions
ArvinMeritor has announced plans to sell its Kenton, Ohio, trailer systems business to Louisville, Ky.-based Solutions. ArvinMeritor said the sale of the facility, which employs more than 200 people, will allow the company to focus strategically within trailer products on its core processes for the design and assembly of complete systems, which consist of axles, brakes, suspension and ride control. Once the transaction is complete, Sypris Solutions would become a long-term, key supplier of trailer axle beams to ArvinMeritor’s trailer assembly facility in Frankfort, Ky.
More Aftermarket Eye Candy at This Year’s North American International Auto Show
Although there’s no shortage of muscle on the main floor at this year’s North American International Auto Show — the 850-horsepower Chrysler ME412 concept is only the beginning — there’s also a subterranean performance theme that’s been missing from previous shows. Once the take-it-or-leave-it realm of marginal players like Daewoo and stillborns like the revival Cunningham sports car, Cobo Center’s downstairs Michigan Hall exhibit area is studded this year with an intriguing array of production vehicles enhanced by aftermarket bolt-on goodies: designer wheels, low-profile tires, oversize brakes, high-performance shock absorbers and more.
Brake Parts Inc. Names VP of Sales for Branded Products
Brake Parts Inc. has promoted Mike Fiorito to the position of vice president of sales – branded products. As part of its continuing focus on customer relationship management, the company is combining the leadership of its branded sales groups, according to Charlie Westmoreland, senior vice president of sales.