Toyo to Build U.S. Tire Plant
Toyo Tire & Rubber Co. has announced it will build a new manufacturing plant in the U.S. for the production of passenger car and light truck tires. The new plant will be located in the eastern-half of the U.S., with start-up scheduled for early 2006. Toyo said it will invest $150 million in the facility, which is expected to produce approximately two million passenger car and light truck tires annually.
R&B Reports Sales and Earnings for the Fourth Quarter and Full Year
Automotive replacement parts supplier R&B has announced financial results for the fourth quarter and year, which ended December 27, 2003. For the fourth quarter, sales increased 1 percent to $55.6 million from $55.1 million in the same period last year. Net income in the fourth quarter of 2003 was $3.8 million compared to net income of $3.5 million in the same period in 2002. Diluted earnings per share in the fourth quarter increased 8 percent to $0.42 from $0.39 in the same period last year.
Executive Interview with Jim Taylor, CEO of Thomas Group
Our latest edition of “Executive Interview” features Jim Taylor, CEO of the Thomas Group. Taylor joined the Thomas Group in 2001 as vice president and CFO. From 1997 to 2001, Taylor served as president of the Chancellor Group, a Dallas, Texas, management consulting firm, where he assisted companies in restructuring, raising funds and completing initial public offerings. Join us as Taylor tells us more about the Thomas Group culture and how it works for its clients.
Timken to Become NASCAR Contingency Sponsor
Timken has signed on as a contingency sponsor of the NASCAR Busch Series for three years, beginning with the 2004 season. The Hershey’s Kisses 300 at Daytona International Speedway, which took place last weekend, was the first time the Timken logo appeared on multiple NASCAR stock cars.
Exploring Visionary Leadership with University of the Aftermarket
In today’s business environment, it is not enough for an effective leader to organize people and resources for the pursuit of business goals, targets and objectives. To gain the competitive advantage, you must be a visionary leader and motivate your team to be more productive, more focused and more fulfilled. Learn more about this important management tool in the University of the Aftermarket’s new leadership program, Exploring Visionary Leadership, set for Wednesday and Thursday, April 21-22, at the Marriot Rivercenter, San Antonio, Texas.
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.
Two Off-Road Organizations Promise to Add Excitement to the 2004 SEMA Spring Expo
The Off-Road Business Association (ORBA) and the United Rockcrawling & Off-Road Challenge (UROC) will participate in the annual SEMA Spring Expo, which is slated to take place March 5-6 at the Indiana Convention Center in Indianapolis. According to Peter MacGillivray, vice president of marketing and communications for SEMA, ORBA and UROC will bring the excitement of the rapidly growing off-road sports scene to the annual SEMA Spring Expo.
Cooper Tire Names Director of Brand Marketing
Cooper Tire & Rubber recently named Michael Linhart director of brand marketing. In his new position, Linhart will be responsible for leading the management and coordination of Cooper’s brand strategy initiative. Linhart joined Cooper’s marketing department in 1990 as a marketing assistant.
AMN Perspectives by Thomas Group: Experience at Work
In our last article we talked about inventory management as a trade-off. In most organizations there are conflicting inputs from various departments that affect inventory decisions: finance wants low inventory levels to minimize working capital costs; sales and marketing wants high inventory levels to ensure excellent customer service; production wants long-term planning with low flexibility to create high production efficiencies. Logistics wants to minimize transportation, handling and inventory holding costs.
Yost to Retire as ArvinMeritor CEO
Auto-parts supplierArvinMeritor Inc., which lost its bid to buy Dana Corp. last year, said Monday it is searching to replace chief executive Larry Yost, who plans to retire. The Troy-based company offered few details about the search, but company spokeswoman Lin Cummins said Yost has wanted to retire for some time. Yost led the company through several transitions including the 2000 merger of Arvin Inc. and Meritor Automotive Inc. He had been CEO of Meritor before he became chairman and CEO of ArvinMeritor.