Parts group seeks new president
The head of Canada's Automotive Parts Manufacturers' Association is leaving the trade group and returning to industry. On June 1, Pete Mateja will become vice president of sales and marketing at Algoma Steel Inc., an auto supplier in Sault Ste. Marie, Ontario. Mateja, 47, has led the group since 1995. His predecessor, Neil De Koker, 53, will lead the search for a new president. De Koker, who has his own consulting firm, will be the group's interim president.
TIRES - Goodyear Tire & Rubber Co. signed a letter of intent to form two joint ventures with the Sava Group of Kranj, Slovenia. Goodyear will take a 60 percent interest in Sava's tire business and a 75 percent stake in its engineered products business, which includes transmission belts, air springs and hoses. The deals will be signed in summer; the price will be announced then. Last year Sava had $177 million in commercial car and truck tire sales.
BRAKES - Dura Automotive Systems Inc. has acquired the automotive parking brake business of Excel Industries Inc. Annual revenues are $12 million. Major customers are Chrysler Corp. and General Motors.
MARKETING - Defiance Testing & Engineering Services Inc. of Troy, Mich., and MIRA North America of Plymouth, Mich., have signed a joint marketing and operating agreement for services in North America. Defiance supplies noise, vibration and harshness and durability testing; MIRA provides engineering, testing and consulting services.