Archive for the ‘Auto part industry’ Category.

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American Axle & Manufacturing Announces the Appointment of David C. Dauch as President & Chief Operating Officer

31st May 2008, 11:05 am

DETROIT, May 29 /PRNewswire-FirstCall/ — American Axle & Manufacturing, Inc. (AAM), today announced the appointment of David C. Dauch as president & chief operating officer, effective June 1, 2008.

Dauch has 26 years of automotive experience beginning as a manufacturing co-op student at Chrysler Corporation while still attending Miami University (Ohio).

Dauch joined American Axle & Manufacturing in July 1995 as manager, Sales Administration. He was appointed director of Sales, GM Full-Size Truck Programs in May 1996, and was named vice president, Sales & Marketing in August 1997. Dauch also served as vice president, Manufacturing, Driveline Division; senior vice president, Sales, Marketing & Driveline Division; senior vice president, Commercial; and executive vice president, Commercial & Strategic Development. Dauch most recently served as executive vice president & chief operating officer.

Dauch obtained a bachelor of science degree with a dual major in production/operations and purchasing management from Miami University (Ohio) and a master of business administration from Michigan State University.

“We are extremely pleased to announce David’s promotion to president and chief operating officer,” said AAM Co-Founder, Chairman & CEO Richard E. Dauch. “This appointment is part of AAM’s strategic organizational development that will provide the leadership to guide AAM to its next level of profitable global growth. David’s understanding of AAM’s core business, strategic global growth plans and the challenges faced by today’s global Tier One suppliers, will strengthen AAM as we continue to expand our product portfolio, customer base, served markets and global manufacturing footprint.”

AAM is a world leader in the manufacture, engineering, design and validation of driveline and drivetrain systems and related components and modules, chassis systems and metal-formed products for trucks, sport utility vehicles, passenger cars and crossover utility vehicles. In addition to locations in the United States (Michigan, New York, Ohio and Indiana), AAM also has offices or facilities in Brazil, China, Germany, India, Japan, Luxembourg, Mexico, Poland, South Korea, Thailand and the United Kingdom.

Certain statements contained in this press release which are not historical facts contain forward-looking information with respect to the Company’s plans, projections or future performance, the occurrence of which involves risk and uncertainties that could cause the Company’s actual results or plans to differ materially from those expected by the Company which include risk factors described in the Company’s filings with the Securities and Exchange Commission.

Category: Auto part industry, car part  |  Comment

WILLIAM L. KOZYRA NAMED CHAIRMAN AND CEO OF TI AUTOMOTIVE

31st May 2008, 10:44 am

WARREN, Mich., May 29, 2008 – Bill Kozyra has been named chairman and CEO of TI Automotive.

Kozyra’s appointment follows the planned retirement of former Chairman and CEO Bill Laule.

Kozyra comes to TI Automotive with more than 30 years of automotive experience, including leadership positions at Budd Company, Allied Signal, Bosch, ITT Automotive and Continental AG. Kozyra most recently was president and CEO of Continental AG’s NAFTA operations and a member of the company’s executive board.

In his new position with TI Automotive, Kozyra will be responsible for TI Automotive’s Global Fluid Carrying Systems, HVAC and Global Fuel Systems businesses from its Michigan headquarters, overseeing approximately $3 billion in revenues, more than100 facilities and approximately 18,000 employees.

Kozyra holds a bachelor’s degree in mechanical engineering from the University of Detroit and a master’s degree in business administration from Michigan State University.

Category: Auto part industry, car part  |  Comment

Car sales gain momentum in April

11th May 2008, 11:31 am
The domestic auto market is showing signs of revival thanks to the 4 percentage point cut (400 bps) in excise duty on cars and two-wheelers announced in February. April witnessed a jump of more than 17 per cent in the car segment, while sales in the utility vehicle segment rose by 31 per cent, as compared with the corresponding month last year.
 
According to the figures released by the Society of Indian Automobile Manufacturers (SIAM), the passenger-vehicle segment, which also includes multi-purpose vehicles, grew by 21 per cent. The motorcycle sales grew by 8 per cent during the month.
 
While 84,283 cars were sold in April 2007, 98,740 cars were sold last month. Sales were led by models from Maruti Suzuki, Hyundai and General Motors (GM). Anticipation of a hike in prices in the coming weeks also pushed sales.
 
“Benefits of the excise duty cut can be seen in individual sales of companies, such as Maruti, Hyundai and GM. These collectively command over 66 per cent of total sales,” said an analyst. 
 

SPUTTERING GROWTH
   Apr ?8 Mar ?8 Apr ?7 y-o-y
Apr  Chg (%)
Commercial vehicles 33,271 56,262 30,914 7.60
Passenger cars 98,740 128,074 84,283 17.10
Multi-purpose vehicles 9,070 9,570 6,118 48.20
Utility vehicles 22,203 28,811 16,862 31.70
Two-wheelers 616,038 630,976 570,381 8.00
Scooters/scooterettes 81,002 83,022 72,369 12.00
Motorcycles/step-through 501,592 506,884 463,091 8.30
Electric 2-wheelers 500 1,002 1,578 -68.30
Source: Society of Indian Automobile Manufacturers
 
Maruti Suzuki posted a growth of 22 per cent during the month, selling 59,539 units. Hyundai Motor India sold 21,501 units, up by 36 per cent. Meanwhile, GM sold 5,563 units, growing by 24 per cent. In all, 1,30,013 passenger vehicles were sold in April.
 
Forecasts of a decelerating market due to shrinking credit options and high interest rates had no effect on sales of two-wheelers. Sales of motorcycles and scooters grew by 8.31 per cent and 11.93 per cent, respectively. Electric vehicles, on the other hand, witnessed a declined of 68 per cent in turnover.
 
Motorcycle manufacturers sold 5,01,592 units this year, as compared with 4,63,091 in April last year. Market leader Hero Honda saw a growth of 9 per cent, selling 2.86 lakh units. Bajaj Auto posted a growth of 23 per cent, selling 2.03 lakh units.
 
Hero Honda said its expansion in rural areas helped boost sales. Bajaj said growth was seen mainly in the 125cc-plus category, where it has a 50 per cent market share. Sales in the overall commercial vehicles for April this year grew by 7.62 per cent: 33,271 units were sold as compared with 30,914 units in April 2007.

Category: Auto part industry  |  Comment

Auto-parts strike could last

10th May 2008, 03:14 am

DETROIT — A two-week strike at auto- parts maker American Axle and Manufacturing Holdings could last much longer, largely because the company is profitable yet wants concessions, say some labor experts and workers on the picket lines.

As the strike dragged on Monday, it caused a parts shortage that crippled General Motors’ ability to make pickup trucks, big sport utility vehicles and vans. The company says it has shut down part or all of 28 plants, affecting 37,000 hourly workers.

American Axle wants concessions like those that the United Auto Workers gave to GM, Ford, Chrysler and parts makers Delphi and Dana.

American Axle says its manufacturing workers can make up to $73.48 per hour in wages and benefits, three times the rate at its U.S. competitors.

Category: Auto part industry, Uncategorized  |  Comment
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