Delphi Can Begin Bankruptcy Vote Process
Delphi Corp. can begin soliciting votes for its plan to exit bankruptcy, the company’s lawyer said on Friday, a major step toward letting the auto parts maker proceed with a restructuring that would shed thousands of jobs in plants across the country. Delphi attorney Jack Butler said bankruptcy judge Robert Drain verbally approved the order on Friday and that if all changes the judge requested meet his requirements, he would enter an order today. Delphi’s reorganization plan includes shrinking its unionized work force to a fraction of its former size and shifting manufacturing overseas.
ASA Announces Formation of PAC
BEDFORD, TX — ASA has announced the formation of a Political Action Committee (PAC). A PAC is a committee formed to pool resources together for political purposes. The ASA PAC can accept donations from ASA members only. All of these contributions are voluntary and must come from personal funds. After receiving donations, the PAC will
Dana’s Post Bankruptcy Board of Directors to Include Political, Financial Leaders and Top OE, Aftermarket Execs
As it prepares to emerge from Chapter 11 reorganization, Dana Corp. has announced the names of nine executives who are expected to serve as members of Dana’s board of directors, after its bankruptcy proceedings have ended. The board, which has been selected by creditors and new investors, assembles distinguished leaders from government, finance and automotive backgrounds. Collectively, the board represents more than 170 years of automotive industry experience.
DURA Automotive Announces Sale of Jack and Tool Kit Business to Indian Manufacturer
DURA Automotive Systems has completed the sale of its North American jack and tool kit business to automotive supplier Autoline Industries Ltd. DURA had earlier announced plans to sell the business as part of a corporate restructuring program. Customers of DURA’s jack and tool kit business include General Motors, Nissan, Ford and Honda, among others.
GKN Driveline and ZF to Jointly Develop Vectoring Systems
DETROIT — GKN Driveline and ZF plan to jointly develop, manufacture and market rear-axle torque vectoring systems for rear and all-wheel-drive vehicles. The cooperative agreement between the two companies calls for the integration of mechanical and electrical components and the development of system software. The basic system under development includes two torque vectoring units flanged
Accuride Announces Executive Management Appointments
Accuride Corp. announced that Leigh Wright has been promoted to serve as the company’s senior vice president of Accuride Wheels. In addition, Edward Gulda will join the company as senior vice president of Brillion and Gunite. Wright, who previously served as Accuride’s vice president of Steel Wheels, will now be responsible for the strategic global leadership and manufacturing oversight of the company’s steel and aluminum wheel facilities. Gulda will be responsible for the strategic leadership and increased manufacturing efficiency of Accuride’s Brillion and Gunite strategic business units.
Goodyear Recalls 400,000 Tires
Goodyear Tire & Rubber Co. is voluntarily recalling some 400,000 associate and private brand passenger tires the company produced between 2003 and 2006. The company said the move was precautionary, even though “after an exhaustive analysis, no design or manufacturing defect was found in the tire." The tires in question – size P215/70R14 – were produced under 23 different brand names, including Goodyear house or associate brands Kelly-Springfield, Douglas, Mohave and Republic. The tires were sold in the U.S. and Canada.
Permatex Names Team Marketing as its 2007 Rep of the Year
Permatex has announced the recipient of its top sales award for 2007. Team Marketing has been named the 2007 Representative of the Year Award for outstanding sales performance and customer service. The company was presented with its award at this year’s AAPEX show in Las Vegas.
ASA Collision Division Presents ASA/ASE Top Score Award at NACE
BEDFORD, TX – David Ludwig, owner of Prestige Auto Body Inc. in Manchester, NH, received the Automotive Service Association (ASA)/National Institute for Automotive Service Excellence (ASE) Top Score Award during the 2007 National Autobody Congress and Exposition (NACE) in Las Vegas. The award recognizes the ASA Collision Division member who received the highest score on
Herman Trend Alert: Global Movement of Students Increasing
From “Herman Trend Alert,” by Roger Herman and Joyce Gioia, Strategic Business Futurists GREENVILLE, SC — Founded in 1919, the Institute of International Education (IIE) is an independent non-profit organization and a world leader in the global exchange of people and ideas. IIE administers more than 200 programs serving more than 20,000 individuals each year.