Former Allied Signal President Michael Monti Dies
Michael Monti, former president of Allied Signal Inc., died Friday at age 66. A former MEMA board member, Monti retired from Allied Signal in 1995 after 37 years with the company. Before becoming president, he had worked as president of the Allied Fram division and vice president and general manager of the Bendix automotive aftermarket operation in Jackson, Tenn.
Tower Takes Charges, Posts Loss
Tower Automotive Inc., the world’s largest maker of vehicle frames, had a fourth-quarter loss of $24.7 million because of expenses for restructuring operations and writing down assets. The loss was 43 cents a share, compared with profit of $17.3 million, or 29 cents, a year earlier. Sales rose 5.2 percent to $717 million from $681.6 million, the Novi-based company said.
SEMA Expands Installer/Specialist Test Programs with Custom Wheel and Tire Accreditation Test
SEMA has added a custom wheel and tire specialist exam to its battery of certification tests. The new test, known as Z5, will measure real-world knowledge and skills of the wheel and tire professionals who install custom applications on passenger cars and light-duty trucks. SEMA has added a custom wheel and tire specialist exam to its battery of certification tests. The new test, known as Z5, will measure real-world knowledge and skills of the wheel and tire professionals who install custom applications on passenger cars and light-duty trucks.
Tower Plant Move to Affect Nearly 500 Employees
Earlier this week, Tower Automotive announced that in 2005 it will move production of Dodge Ram frames from its facility in Milwaukee to a plant in Mexico. In response to this news, the Milwaukee Journal Sentinel ran a story detailing the impact this move with have on Wisconsin’s manufacturing base. According to the Sentinel report, nearly 500 Milwaukee factory workers will lose their jobs as a result of the move. Almost 80,000 factory jobs have already disappeared from Wisconsin since 1999, the article stated.
Cooperation Urged in Auto Costs Fight
As a former Ford Motor Co. executive, Kathleen Ligocki knows about the carmakers’ mission to slash supplier prices. But in order to survive long-term, automakers must work with suppliers to take out the waste, said Ligocki, now chief executive of Tower Automotive. Speaking on an Automotive News World Congress panel Monday in Dearborn, Mich., Ligocki, a former vice president for Ford customer services, called for a collaborative effort between suppliers and carmakers to improve both sides’ bottom lines.