Jack Roush Honored with Robert E. Petersen Lifetime Achievement Award
OnMarch 12 Jack Roush was given one of the highest honors inthe hot rod world, when he was presented with the Robert E. PetersenLifetime Achievement Award. The ceremony took place during the grandopening breakfast of the 12th Annual HotRod & RestorationTradeShow, in front of nearly 1,000 attendees at the Indiana ConventionCenter in Indianapolis. “Being
Jasper Engine and Transmission Now 100 Percent Employee-Owned
Sixty-eight-year-oldremanufacturer Jasper Engine and Transmission has announced thetransfer of 100 percent of its stock to a newly formed company – Jasper Engine and Transmission 100 Percent Employee Stock OwnershipPlan (ESOP). Jasper owners/managers sold their shares in the company to thecompany’s 1,471 employees. On an annual basis, all full-time Jasperemployees will earn shares of stock based
Melling Tool Co. to Acquire Rush Metals
MellingTool Co. this week announced a tentative agreement for the purchase ofRush Metals in Billings, Okla. The deal is expected to close inmid-March. A subsidiary of Cloyes Gear and Products Inc., Rush Metals manufacturesa wide variety of sintered metal products serving the automotive,industrial, agriculture and automotive aftermarket componentsindustries. Rush Metals has been in business
Comp Cams, RHS Renew IMCA Engine Builder Awards
National champions in six IMCA divisions and the manufacturers who power them to those titles receive special awards from Comp Cams and Racing Head Service for a third consecutive season. Top drivers in the IMCA Modified, IMCA Late Model, IMCA Sunoco Stock Car, IMCA Sunoco Hobby Stock, Karl Chevrolet Northern SportMod and Southwest Racing
Ford Invests $155 Million in Fuel-Efficient Engines; Adds Jobs with Cleveland Plant No. 1 Upgrade
Ford Motor Co. is investing $155 million and adding60 jobs at its Cleveland, OH, operations to build a newfuel-efficient V6 engine for the 2011 Mustang, which has highway fuelefficiency of 30 mpg on the highway and 305 hp. The investment and jobs at Ford’s Cleveland Engine Plant No. 1 bringsthe company’s investment in powertrain engineering
HDAW’10 Reports Great Attendance for Las Vegas Conference
Despite the challenging economic times, show organizers for Heavy DutyAftermarket Week (HDAW) in Las Vegas have reported a strong showing forthe event, which took place in late January. A total of more than 1,500 individuals attended the three-dayconference, including 229 exhibitors and 426 distributor executives. The 5th annual HDAW conference was held Jan.
Pennzoil Introduces Advanced Synthetic, Pennzoil Ultra
Pennzoil recently unveiled its next generation of engine protection with the release of its most technologically advanced motor oil, Pennzoil Ultra. The new, ultra-class synthetic product is the output of a global team of scientists pursuing the goal of maintaining an engine in factory-clean condition. The advanced proprietary synthetic formula of Pennzoil Ultra motor oil
APRA Wants Your Help Telling Its ‘Green Story’
Automotive Parts Remanufacturing Association (APRA) needs your help telling an important and compelling story about the remanufacturing industry’s contributions to the automotive aftermarket’s new “green initiative.” This effort is intended to help rebuilders get credit for the work that our industry has undertaken for a long time—long before being “green” was cool. APRA has joined
Federal-Mogul Reports Strong Fourth Quarter 2009 Net Income and Record Cash Flow
Federal-MogulCorp. has reported strong fourth quarter 2009 profitability, withhigher gross margin, improved net income of $43 million, or 43 centsper diluted share, and $251 million record cash flow with increasedsales versus fourth quarter 2008. The company said it improvedfinancial performance in each consecutive quarter of 2009 asrestructuring and cost-reduction initiatives enhanced Federal-Mogul’soperating leverage. Stronger demand
Howards Cams Completes Purchase of Custom Camshaft Co.
The purchase fof CCC will enable increased production capacity and new production capabilities, according to a spokesman for Howards Cams. Engine builders will now have even more options for custom grind development. Included in the assets of the purchase is a Landis 3L CNC cam-grinding machine, a well regarded name in cam grinding equipment. According
Cummins Inc. Agrees to Pay $2.1 Million Penalty for Diesel Engine Clean Air Act Violations
TheU.S. Department of Justice and U.S. Environmental Protection Agency(EPA) announced today that Cummins Inc. will pay a $2.1 million penaltyand recall 405 engines under a settlement agreement resolving allegedviolations of the Clean Air Act. According to a complaint filed simultaneously with the settlement infederal court in the District of Columbia, between 1998 and 2006Cummins shipped
Brodix To Award IMCA Late Model National and Deery Series champions, Rookies of The Year
Each driver will receive cylinder head sets from Brodix Cylinder Heads. "Four different drivers won cylinder heads from Brodix last year and that program will continue to give back this season,” said IMCA Marketing Director Kevin Yoder. “As our Late Model division grows and the Deery Brothers Summer Series continues to increase in popularity, the