Delphi to Cut About 650 Finance Jobs Worldwide
From MEMA Industry News/Associated Press DETROIT — Delphi Corp. expects to cut about 650 finance jobs worldwide as part of its plan to reorganize operations and exit court protection, a company spokeswoman said on Monday, April 2. Delphi filed court papers on Friday, March 30, asking for authority to enter into a contract with Genpact
Last Call for Fifth Annual AASA Top Aftermarket Suppliers List: Deadline Is Today
All companies wishing to participate in the 2007 “Top Automotive Aftermarket Suppliers List,” published by AASA and produced by Babcox Publications, must do so by today — Friday, March 30. After today, the online link to participate will be closed. Click here to complete the online submission form.
Automotive Suppliers to Honor Sens. Levin, Voinovich as ‘Industry Champions’
Sens. Carl Levin (D-MI) and George Voinovich (R-OH) will be honored by the automotive and heavy duty supplier industry as the 2007 recipients of the “Joseph M. Magliochetti Industry Champion” award at the Motor & Equipment Manufacturers Association’s (MEMA) Legislative Summit in Washington
Siemens VDO Will Take ‘Necessary Step’ Toward IPO
Siemens VDO will be carved out of parent corporation Siemens AG in May in a "necessary step" toward an initial public offering of the automotive unit, a VDO spokesman said. Siemens VDO Automotive Group will be re-established as Siemens VDO Automotive AG, which will operate as a stand-alone corporation but remain a wholly owned subsidiary of Siemens AG in Munich, spokesman David Ladd said. Typically, such a move means a corporation will operate on its own without using resources from its parent company.
DEADLINE: Submssions for the 2007 AASA Top Aftermarket Suppliers List Due Today
RESEARCH TRIANGLE PARK , NC and AKRON , OH – Today is the deadline to submit your company’s information for the 2007 “Top Automotive Aftermarket Suppliers List,” published by AASA and produced by Babcox Publications. This annual multi-page, full-color publication will feature insightful information on the largest suppliers to the automotive aftermarket. Participation in the
Breaking Ground: aftermarketNews Talks to Northwood’s Jim John about the New Sloan Family Building for Aftermarket Studies
Today, Northwood University breaks ground for the new Sloan Family Building for Aftermarket Studies, on the University’s Midland , MI , campus. The 25,500-square-foot, state-of-the-art facility will consist of areas for large group gatherings, classrooms, an alumni lounge, conference room, faculty offices, an auditorium and more. Professor Jim John, chair of Northwood’s Aftermarket Management program, recently shared with aftermarketNews some additional details about the project.
Continental Bullish for Deal with Siemens VDO
From Automotive News via MEMA Industry News If it wasn’t clear before, it is now. Continental AG wants to buy Siemens VDO Automotive Corp. – and it’s growing bullish about the prospects of such a deal. "I think our interest is really about merging the two companies," said Karl-Thomas Neumann, the Continental executive board member
Reception Offers Networking Opportunity at GAAS
RESEARCH TRIANGLE PARK, N.C. – Attendees of the 2007 Global Automotive Aftermarket Symposium (GAAS) will have the chance to discuss the first day presentations and network with industry leaders at the opening day reception, which will take place from 5:30-7 p.m. on Tuesday, May 8 at the Hyatt Regency O’Hare, Chicago. Organized by the Automotive
Deadline Extended to March 23 for Fifth Annual AASA Top Aftermarket Suppliers List
The deadline to participate in the 2007 “Top Automotive Aftermarket Suppliers List,” published by AASA and produced by Babcox Publications, has been extended to Friday, March 23. This annual multi-page, full-color publication will feature insightful information on the largest suppliers to the automotive aftermarket. Participation in the publication is free. To access the form to participate, click here.
Siemens Sticks to Plan for VDO Automotive Unit IPO
From Reuters via MEMA Industry News FRANKFURT — Siemens said it is sticking to its plan for an initial public offering of up to half of its automotive engineering unit VDO despite interest from potential buyers. The chief executive of German tire and car parts maker Continental this week reiterated his interest in buying VDO,