Dana to Sell Corporate Headquarters Facility and Grounds
Danahas reached an agreement to sell its corporate headquarters buildingand grounds to Health Care REIT, a Toledo-based real estate investmenttrust, for an undisclosed sum. The sale agreement, which is contingenton the support of state and local authorities, is expected to close byOct. 1. In conjunction with the agreement, Dana plans to relocate itscorporate headquarters staff
Machine Maintenance: Sustaining Your Crew Includes Your Best Friend
Over the past few years, I’ve been writing about proper maintenance of the machines in your shop. This month, I plan to talk about maintaining something that’s not necessarily essential to your shop but if you have one, its value can’t be underestimated. You guessed it; this article will be about the maintenance of your
Managing Charges In Times of Great Change
What do you do when nothing seems familiar anymore? When everychallenge appears different and somehow inconsistent with anythingyou’ve ever seen before? It’s easy to say “Improvise. Adapt. Overcome.” But, this isn’t theMarine Corps. And, if that’s all you are doing, if everything you faceis an exception to the rule because none of the rules seem
MAHLE Acquires Clemex Mexico S.A. de C.V
The Stuttgart-based MAHLEGroup has acquired the total shares of Clemex Mexico S.A. de C.V. andits subsidiaries in Lerma, Mexico. The company, which will continue to operate under the name ClemexMexico S.A. de CV until early 2009 when it is merged into the MAHLEGroup, produces engine bearings and bushings for the automotiveaftermarket and global automotive OE
Machine Shop Market Profile – Part 1
When life starts handing out lemons, say the feel-good self-help gurus, the smart money is on the person who not only makes lemonade but figures out a way to sell it for a profit. While the readers of Engine Builder might be hard-pressed to find time to manage a lemonade stand, the analogy still applies:
MAHLE Acquires Clemex Mexico S.A. de C.V
The Stuttgart-based MAHLEGroup has acquired the total shares of Clemex Mexico S.A. de C.V. andits subsidiaries in Lerma, Mexico. The company, which will continue to operate under the name ClemexMexico S.A. de CV until early 2009 when it is merged into the MAHLEGroup, produces engine bearings and bushings for the automotiveaftermarket and global automotive OE
Ram Tough Rebuild
The B-series Cummins engine may potentially go down in history as the single most important engine development project, strategic market share gain and opportunity for diversification partnerships in Cummins history. The Cummins B-series is a family of four- and six-cylinder inline engines known as the “one-liter per cylinder” in both the popular 3.9L four-cylinder and
10 Ideas to Improve Employee Retention
In research we’ve conducted on this subject, wefound that roughly one-third of shop owners are looking to hire a“qualified” technician. Once you find that coveted technician, you wantto have the right features in your shop to make him or her say, “Yes, Iwant to come work for you.” Now the new hire is an employee,
JASPER Receives
The Indiana Department of Labor has announced the “Merit” Certification of Jasper Engines and Transmissions in Indiana’s Voluntary Protection Program (VPP). VPP, Indiana’s Voluntary Protection Program, was established to recognize and promote safety and health management programs throughout the state. All companies, regardless of size or business, can participate in VPP – where management
MIS Council Supplier Forum Slated for July 16: Free to Suppliers
The Motor & Equipment Manufacturers Association (MEMA) Information Services Council will host its third annual MIS Council Supplier Forum from noon until 3:30 p.m. on Wednesday, July 16, at the Hyatt Regency O’Hare in Chicago – immediately following the Aftermarket eForum(tm). The free event is open to employees of motor vehicle parts suppliers who are
Federal-Mogul Lists Class A Common Stock on NASDAQ
Federal-Mogul Corp. Class A Common Stock is now listed on the NASDAQ Global Market and began trading today under the ticker symbol “FDML.” President and Chief Executive Officer Jose Maria Alapont and a representative group of employees commemorated the listing at the NASDAQ MarketSite bell ringing ceremony in New York at the market opening. “Listing Federal-Mogul’s
Federal-Mogul Corporation Drives the Future Through Leading Technology at Auto Beijing 2008
Federal-Mogul Corporation is pleased to bring its innovative products, brands and technologies to Auto Beijing 2008. This marks the first time Federal-Mogul will exhibit at Beijing’s International Automotive and Manufacturing Technology Exhibit, one of the world’s most exciting international automotive events. As a world-class automotive supplier serving the foremost original equipment manufacturers and the aftermarket
Shop Solutions: April 2008
Charging For Expert Advice Bench racers wasting your time? Our shop labor rate is $80 per hour. I sell my advice for 1/2 price! When a guy wants me to engineer a motor by selecting parts combinations and machining specs to achieve a specific level of performance, I charge him for my time. I explain
Federal-Mogul to List Class A Common Stock on NASDAQ
Federal-Mogul Corp.’s ClassA Common Stock will be listed on the NASDAQ Global Market beginning onApril 23. Federal-Mogul will trade under the ticker symbol “FDML.” President and Chief Executive Officer Jose Maria Alapont and arepresentative group of employees are slated to commemorate the listingat the NASDAQ MarketSite in New York at the market opening on April
Congressman Introduces 20 Percent Remanufacturing Tax Credit Bill
On March 31st Congressman Phil English (R-PA) introduced the Remanufacturing Tax Credit bill (HR 5659) with 5 co-sponsors: · Rep. Steve Chabot (R-OH) · Rep. James Sensenbrenner (R-WI) · Rep. Pete Sessions (T-TX) · Rep. James Walsh (R-NY) · Rep. Joe Wilson (R-SC) The Automotive Parts Remanufacturers Association (APRA) encourages you and your employees to
Federal-Mogul Reports Full Year 2007 Results
Federal-Mogul has reported its financial results for the twelve-month period ended Dec. 31, 2007. The company recently emerged from reorganization under Chapter 11 of the United States Bankruptcy Code and adopted fresh-start reporting in connection with its emergence. Federal-Mogul reported net sales of $6,914 million for the year ended Dec. 31, 2007. Net sales increased
IRS Files Objection to Holley Bankruptcy
The Internal Revenue Servicehas filed an objection to the bankruptcy plan of Holley Performance Products. The IRS said the court should delay confirming Holley’s Chapter 11bankruptcy plan so the IRS can have more time to "consider whether itsclaims are being treated fairly" and examine claims it may hold againstthe company, according to recent Daily News
AMI Accepting Applications for the $1,000 Tom B. Babcox Memorial Scholarship
The Automotive Management Institute (AMI) is accepting applications for the annual $1,000 Tom B. Babcox Memorial Scholarship. AMI’s resource development effort, EXCEL, in conjunction with Babcox Publications, established the scholarship, which is awarded to an Automotive Service Association (ASA) Mechanical Division member who strives to be, or is presently working, in a management capacity. The
Holley Performance Products Files Bankruptcy
Holley Performance Products Inc., a specialty parts maker in the performance engine market, which includes leading brands: Holley, Weiand, Hooker, FlowTech, Earl’s, and NOS., recently filed for bankruptcy, faulting a late 1990s expansion for saddling the company with too much debt, according to a Bloomberg report. Closely held Holley would be taken over by noteholders