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December 1998

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Monday, December 21, 1998

AAA Offers Tips for Arriving Happy and Safe During Holidays

AAA Offers Tips for Arriving Happy and Safe During Holidays

If you and your children are among the record 45 million Americans expected to take a trip during the Christmas-New Year's holiday, AAA offers these tips for arriving in a jolly mood. ... Continue reading

AGCO To Consolidate South American Production

AGCO To Consolidate South American Production

AGCO Corporation, announced that it has entered into an agreement to sell its Haedo, Argentina manufacturing plant to Carraro Spa in a move to increase efficiency in its South American production. ... Continue reading

AIAG'S Year 2000 Readiness Program Prepares the Auto Industry

AIAG'S Year 2000 Readiness Program Prepares the Auto Industry

While some industries believe you can prepare for the Year 2000 overnight -- like a college student cramming for a final exam -- the automotive industry has been hitting the books since 1997 to prepare for the new millennium. ... Continue reading

Briggs & Stratton Completes Share Repurchase Program

Briggs & Stratton Completes Share Repurchase Program

Briggs & Stratton Corporation announced completion of a $300 million share repurchase program authorized by its Board of Directors in April 1997. ... Continue reading

Cooper Industries Expands in South America, Mexico

Cooper Industries Expands in South America, Mexico

Cooper Industries, Inc. announced that it has acquired the remaining 51% interest held by its joint venture partners in Empresa Andina de Herramientas, S.A., based in Cali, Colombia, and acquired two Mexican hand tools businesses. ... Continue reading

Corporate Profile for Eaton Corporation, dated Dec. 18, 1998

Corporate Profile for Eaton Corporation, dated Dec. 18, 1998

Company description: Eaton Corporation is a global manufacturer of highly engineered products that serve industrial, vehicle, construction, commercial and semiconductor markets. ... Continue reading

Dana Corporation Completes Purchase of Engine Bearings, Related Businesses

Dana Corporation Completes Purchase of Engine Bearings, Related Businesses

Dana Corporation announced that it has completed the purchase of the Glacier Vandervell Bearings Group and the AE Clevite North American non-bearing aftermarket engine hard parts business from Federal-Mogul Corporation for $430 million. ... Continue reading

Federal-Mogul Announces Organizational Structure Friction Products, Europe

Federal-Mogul Announces Organizational Structure Friction Products, Europe

Ian Edmondson, vice president, Friction Products, Europe, Federal-Mogul Corporation, announces the European organizational structure for Friction Products with the following appointments effective January 1, 1999: ... Continue reading

Federal-Mogul Completes Sale of Glacier Vandervell Bearings Group

Federal-Mogul Completes Sale of Glacier Vandervell Bearings Group

Federal-Mogul Corporation's Chairman and CEO announced that the company has completed the sale of the Glacier Vandervell Bearings Group and the AE Clevite North American non-bearing aftermarket engine hard parts business to Dana Corporation. ... Continue reading

Finalists Announced in 1999 International Wheel Awards Competition

Finalists Announced in 1999 International Wheel Awards Competition

Newsmen and women representing 15 publications and stations in the U.S. and Canada are among the finalists in the 1999 International Wheel Awards competition. ... Continue reading

Free Fall in Japan Car Sales Challenges Auto Imports

Free Fall in Japan Car Sales Challenges Auto Imports

Sales of all imported passenger cars in Japan have dropped 23.1 percent this year through October, the worst decline in a decade. ... Continue reading

Ghafari + Fischer, LLC: Engineering Joint Venture To Serve Global Industry

Ghafari + Fischer, LLC: Engineering Joint Venture To Serve Global Industry

An international joint venture company has been formed to better serve the global automotive industry and its key manufacturing suppliers with cutting edge Advanced Manufacturing Engineering services. ... Continue reading

Group 1 Automotive Arranges Sale/Leaseback of Nine Properties

Group 1 Automotive Arranges Sale/Leaseback of Nine Properties

Group 1 Automotive, Inc. announced that it has signed a definitive agreement for a sale/leaseback of nine dealership properties with Capital Automotive REIT for approximately $32 million in cash. ... Continue reading

Jeannine M. Davis Elected by CTS Corporation

Jeannine M. Davis Elected by CTS Corporation

Jeannine M. Davis has been elected Senior Vice President, General Counsel and Secretary of CTS Corporation according to an announcement by Joseph P. Walker, CTS Chairman, President and Chief Executive Officer. ... Continue reading

Mercedes-Benz to Debut Sports Car Concept at Detroit

Mercedes-Benz to Debut Sports Car Concept at Detroit

Mercedes-Benz will debut a striking concept for a high- performance sports car on Monday, January 4 during press activities preceding the North American International Auto Show, January 9-17 at Detroit's Cobo Center. ... Continue reading

Midas Assigns Media Buying to Carat New York

Midas Assigns Media Buying to Carat New York

Midas, Inc. has assigned the media planning and buying responsibilities for advertising in support of the nearly 1,900 Midas automotive service shops in the United States to Carat New York. ... Continue reading

NHTSA Publishes List of November Recalls

NHTSA Publishes List of November Recalls

The National Highway Traffic Safety Administration (NHTSA) released a list of auto safety recalls announced in November and urged consumers to have the problems fixed promptly. ... Continue reading

Prestolite Electric Acquires Rights To Three Heavy Duty Alternator Designs

Prestolite Electric Acquires Rights To Three Heavy Duty Alternator Designs

Prestolite Electric Incorporated announced that it has acquired rights to three heavy duty alternator designs from Dixie Electric of Toronto, Canada. ... Continue reading

PRIMEDIA Consumer Magazines Names Publisher of Automobile Magazine

PRIMEDIA Consumer Magazines Names Publisher of Automobile Magazine

PRIMEDIA Consumer Magazines announced that John Kennelly, 34, currently associate publisher of Automobile Magazine has been named publisher of the magazine by Janice Grossman, executive vice president, president of advertising and marketing. ... Continue reading

SAE Congress '99 Blue Ribbon Panel Features All-Star Cast

SAE Congress '99 Blue Ribbon Panel Features All-Star Cast

An all-star international lineup will discuss "Value for Our World: The Innovation Challenge" at the SAE '99 Congress Blue Ribbon Panel on Monday, March 1 at 4 p.m. in Room W1-51 Cobo Center in Detroit, Michigan. ... Continue reading

SAE Congress Thrives in Changing Global Automotive Marketplace

SAE Congress Thrives in Changing Global Automotive Marketplace

Monumental changes in the global automotive industry have prompted more than 1,100 automotive companies to maximize their presence at the SAE International Congress & Exposition March 1 - 4, 1999, in Detroit, Michigan, USA. ... Continue reading

Sections 1-25 say Bye Bye at Brickyard

Sections 1-25 say Bye Bye at Brickyard

Formula One: Construction for U.S. Grand Prix Begins Monday at Indy ... Continue reading

Twin Disc, Inc., to Acquire Marine Transmissions and Industrial Products

Twin Disc, Inc., to Acquire Marine Transmissions and Industrial Products

Twin Disc, Inc., has signed a definitive agreement to acquire Technodrive S. p. A. of Decima, Italy. The agreement was announced by Twin Disc's Michael E. Batten, Chairman and Chief Executive Officer, and Carlo Contri, President of Technodrive. ... Continue reading

Vickers Acquires M.C. Aerospace

Vickers Acquires M.C. Aerospace

Aeroquip-Vickers, Inc. announced that its Vickers, Incorporated subsidiary has purchased all of the outstanding capital stock of M.C. Aerospace Corporation. ... Continue reading

Visteon Turns up the Heat on its Aftermarket Business With Acquisition

Visteon Turns up the Heat on its Aftermarket Business With Acquisition

In a move that supports the plan to capture significant new business in the aftermarket, Visteon Automotive Systems acquired a majority stake in PABA, Inc., a manufacturer and distributor of aftermarket climate control products in North America. ... Continue reading

You Drink. You Drive. You Lose. Auto Club, CHP Target Young Drivers

You Drink. You Drive. You Lose. Auto Club, CHP Target Young Drivers

Automobile Club of Southern California and California Highway Patrol have young drivers drive an obstacle course while wearing "fatal vision" goggles that simulate drunk driving, and then react to the experience. ... Continue reading

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