Goodyear’s Kramer New RMA Chairman
The RMA Chairman of the Board of Directors is elected to a two-year term. Rich Kramer has served on the RMA board since 2007 and also has chaired RMA’s Finance Committee.
DENSO Develops World’s First Passenger Vehicle Air Conditioning System Using an Ejector
The system will be installed on the new Prius, introduced by Toyota this month.
Toyo Aiming for 5 Percent of U.S. Market
The Japanese manufacturer produced a total of 49.95 million tires in 2007.
Financier Ross’ International Automotive Components Breaks Ground in India
International Automotive Components Group (IAC), the global parts supplier started by financier Wilbur Ross in 2005, this week broke ground on a new manufacturing and engineering operation in Chakan (Pune district) Maharashtra, India. The new IAC facility, which will represent a capital investment of approximately $25 million, will manufacture vehicle interior components and systems, including instrument panels, cockpits and door assemblies for Indian domestic market passenger cars and medium/heavy duty trucks.
Pirelli Says it has No Interest in Continental
Pirelli SpA stated publicly that it has no interest in making a run at Continental AG or any of its business units, according to reports. "We have had no direct or indirect contact and have no interest in either Continental or its tire division," a spokesperson for Pirelli said in reports. Some European stock analysts
Conti Takeover Run Takes Twists and Turns
News about Schaeffler Group’s run at Continental AG continues to come fast and furious, with European financial analysts now weighing in on how they see the deal going down. Analyst comments include speculation that Schaeffler would seek to break up Conti, selling off its component businesses – including its tire operations. What is known is that Schaeffler – directly and indirectly – controls some 36 percent of Continental shares, and that Conti executives have rejected Schaeffler’s takeover overtures as being too low for the value of the company.
Tenneco Expands Emission Control Business with Toyota
LAKE FOREST, Ill. — Tenneco has been awarded the emission control business on the 2008 Toyota Sequoia, expanding its relationship with Toyota Motor Engineering & Manufacturing North America, Inc. “Our goal is to continue to build on our long-term supplier relationship with Toyota, and being selected to supply emission control systems on this program reflects
Tenneco Awarded $200 Million in New Business in 2007 with Japanese Vehicle Manufacturers
Tenneco won new business with Japanese original equipment manufacturers (OEMs) in 2007 worth approximately $200 million in annualized revenues. The new business includes contracts with five Japanese OEMs for vehicles launching between 2008 through 2010. At a press conference in Tokyo yesterday, Tenneco Chairman and CEO Gregg Sherrill announced that Tenneco grew its total revenues with Japan-based OEMs to a record high $583 million in 2007.
Seventh Annual National Tire Safety Week to Take Place in April
The Rubber Manufacturers Association (RMA) announced that the Seventh Annual National Tire Safety Week will be held April 20-26, 2008. The annual event is an initiative of the Rubber Manufacturers Association’s "Be Tire Smart — Play Your PART" program, a year-round effort designed to help drivers learn the simple steps they can take to ensure that their tires are in good working condition. For National Tire Safety Week, tire manufacturers and retailers nationwide will work to educate motorists about proper tire care and maintenance. RMA provides tire retailers, auto dealers and automotive repair shops with free "Be Tire Smart" brochures and other materials. Many participating retail outlets will use the opportunity to promote tire care through advertising, promotions, free tire pressure checks and conducting media outreach.
R. L. Polk & Co’s Ask the Industry Takes a Sneak Peek at the
For the first time ever, this year’s AAPEX show will feature a new "Green Zone," which will showcase environmentally friendly automotive products. The automotive aftermarket and truck fleet markets are fully embracing the reality that they must become more environmentally conscious and have recently begun promoting a wide variety of innovative ‘green’ initiatives — from eco-friendly bedliners to complete corporate environmental initiatives. In honor of the new “Green Zone” at AAPEX, we asked a few aftermarket companies to tell us what new products, technology, or maintenance procedures their companies launched this year to help motorists be more environmentally conscious.