Executive Interview with Terry McCormack, President and CEO of Affinia Group
Our regular Executive Interview feature offers an interview with high-profile individuals in the automotive aftermarket. We give executives free reign to express their views on anything from the state of their corporations to recent legislative news to future trends in their niche markets. Here you see what matters to the newsmakers themselves. This week we hear from Affinia Group President and CEO Terry McCormack, who brings us up to speed on Affinia’s growth strategy. McCormack also addresses the issue of thin-walled rotors and gives us his thoughts on “Cash for Clunkers.”
Three New AASA Research Reports Now Available on One CD
Members of AASA receive one complimentary copy of AASA Automotive Aftermarket Status Report and can order additional copies for $125 each (volume discounts are available).
ArvinMeritor to Invest in Brazil Operations, Focus on On- And Off-Highway Markets
While ArvinMeritor has been impacted by unprecedented economic changes, production in South America is up nine percent quarter-over-quarter.
MD Investors Acquires Most of Metaldyne’s Assets at Auction
MD Investors is a new company formed by a coalition of Metaldyne’s existing term lenders led by The Carlyle Group, a well-respected private equity firm, and Solus Alternative Asset Management LP, an SEC-registered investment adviser.
Mexican Company Goes Global with Acquisition of Delphi Exhaust Business
Katcon Global said it will compete in the tough global automotive market, rapidly developing new low-cost ideas in its engineering centers, with an open research policy.
ArvinMeritor Reports Third Quarter Fiscal Year 2009 Results
Company announces sale of Wheels business unit.
Remy Inc. Awarded Masters of Quality Award by Daimler Trucks North America
For more than 20 years, Daimler Trucks North America has acknowledged its North American manufacturers that meet or exceed the company’s solid quality standards and exhibit a commitment to continuous improvement in the quality of products and processes.
Metaldyne Submits Stalking Horse Bids for Most of Its Powertrain and Chassis Operations
The auctions will be held in early August.
Johnson Controls Reports 2009 Third Quarter Earnings; Says Further Improvements in Profitability Expected in Fourth Quarter
Among Johnson Controls’ various business segments, Automotive Experience sales in the quarter declined 38 percent to $3 billion versus $4.8 billion last year due to significantly lower production volumes globally.
The Week in Review (July 13-17, 2009)
The Week in Review offers a snapshot of the most highly read stories of the week as seen on aftermarketNews. To access the complete stories, simply click on the highlighted links. If you missed reading one of our daily news emails, just click on the link that says “News Archives” at the bottom of the page to begin catching up on the latest industry news.