Delphi, Visteon Pact to Trade for Job Security
Detroit’s two largest auto suppliers, Delphi Corp. and Visteon Corp., are close to reaching a historic 7-year contract with the UAW that dramatically cuts the wages for all future hires, and requires them to pay for more of their health care and much of their retirement, UAW and company sources have told the Free Press.
Retooling a Pool of Talent: Michigan Reaches Out from Brawn to Brains
Diego Rivera’s famous mural of Detroit’s industry depicts big, muscular men pulling on steel and manipulating heavy machines as they mold new cars. But if Rivera were here today, how would he see the city? Probably not muscling steel girders around. He’d see MBAs and computer geeks creating the modern automotive world in front of their computers.
UTI Expands Program at Florida Campus to Include Automotive Training
Universal Technical Institute (UTI), a national provider of technical education training, has announced a long-term agreement to expand program offerings at its Orlando, Fla., campus to include automotive training. The Orlando automotive program expansion will help to address the growing technician needs within that specific region, said UTI. According to state occupational projections, Florida has the third largest number of annual automotive technician openings in the U.S.
Prominent ASA Leader Passes Away
Allen Richey, former CEO of the Automotive Service Association (ASA), passed away early Wednesday morning, April 21. He began his association career as editor of the 11-member Independent Garagemen’s Association (IGA) of Texas’ monthly magazine. As his responsibilities with IGA grew, he worked to provide training and education to association members. His vision for offering training and education to the automotive repair and service industry was realized in the formation of the Automotive Management Institute (AMI). As a result of his lifelong devotion and commitment to the industry, Richey was instrumental in the successful merger of two renowned automotive associations, the Automotive Service Council and the Independent Automotive Service Association, to form what is now ASA.
Visteon has 1st profit since ’02
Auto-parts maker Visteon Corp. said Thursday that it turned a quarterly profit for the first time since mid-2002 and surpassed earnings expectations, largely due to new business from the automakers and lower health-care costs for employees. The Dearborn, Mich.-based supplier reported first-quarter net income of $30 million, or 23 cents a share, compared with a loss of $15 million, or 12 cents a share, in the same quarter a year ago.
Douglas Battery Names New Sales and Marketing VP
Douglas Battery recently named William Spears to the position of vice president of sales and marketing for the company’s automotive division. Spears, a 20-year veteran of the automotive industry, began his career in auto parts with Mid-American Industries (Green Light Auto). Since that time, he has developed comprehensive sales programs for some of the world’s top battery manufacturers.
Executive Interview with Rex Falkenrath, Founder and CEO of Hi-Tech Engine Components
Our latest edition of “Executive Interview” features Rex Falkenrath, founder and CEO of Hi-Tech Engine Components. Falkenrath founded Hi-Tech in August of 1973. With more than 31 years in business, Hi-Tech Engine Components has developed a full line of engine parts and kits sold nationally through parts store chains and program distribution groups. Join us as we learn more about Hi-Tech Engine Components and the engine parts market.
ArvinMeritor Names David Devonshire to Board of Directors
Motorola Executive Vice President and CFO David Devonshire has been elected to the ArvinMeritor Board of Directors. His seat on the board becomes effective on July 22. Before joining Motorola in 2002, Devonshire was executive vice president and CFO for Ingersoll-Rand.
Jill Bookman Named CEO of American Collectors
Jill Bookman has been named CEO of American Collectors Insurance, Inc. (ACI). Bookman, who has been with the company for more than 10 years, will fill the newly created position immediately. ACI is a national specialty provider of collector car, truck and motorcycle insurance.
Dana Elects Two New Board Directors
Dana Corp. has elected former Goodyear chairman Samir Gibara and David Berges, chairman, CEO and president of Hexcel Corp. to its board of directors. Dana Chairman Glen Hiner made the announcement.