Toyo Tire U.S.A. Corp. Strengthens Sales Dept. To Support Growing Business
The company has announced the addition of Rob Lovi as director of sales, national strategic accounts, as well as appointments to its commercial sales division.
Lear Investor Day: Company Positioned For Continued Profitable Growth
Sales are projected to reach more than $30 billion by 2023 with average growth of around 7 percent per year.
Lear Hires John Absmeier As Chief Technology Officer
In his position of chief technology officer, Absmeier will lead all aspects of the company’s technology and innovation efforts.
Accuride Corp. Completes Acquisition Of mefro wheels GmbH
The acquisition extends geographical and end-market diversification, adding automotive and off-highway business for Accuride.
LKQ Corp. Finalizes Acquisition Of Stahlbruber GmbH
“Combining the leading player in Germany with LKQ is a huge step toward our goal of creating a Pan-European auto parts distributor,” said John Quinn, CEO and managing director of LKQ Europe.
Sumitomo Corp. Of Americas Makes Strategic Investment In Online Car Sharing Marketplace
This is the latest in a series of several “CASE” (connected, autonomous, sharing and electrified) technology-related investments from SCOA, which backed auto and fleet technology companies in 2017 such as Veritread, Transfix, Hyliion, Rivian, and most recently, ActiveScaler.
Lear Makes Executive Appointments
Lear has appointed Frank Orsini as executive vice president and president of seating, and Jeneanne Hanley as senior vice president and president of e-systems.
VOXX International Corp. Appoints Edward Mas President Of Its Automotive Business Unit
One of the first tasks that Mas will undertake is to discover and design operational and sales synergies to drive growth and enhance efficiencies throughout VOXX Automotive operations.
Lear Increases Share Repurchase Authorization To $1.5B
Lear also has raised its quarterly cash dividend by 40 percent, from 50 cents to 70 cents per share.
Lear Reports Record 4th Quarter, Full Year 2017 Results
Sales in the fourth quarter increased 16 percent to $5.4 billion. Excluding the impact of foreign exchange, sales were up 11 percent.