Tulsa group gets new CEO
James Evans, 45, will take over as CEO of the Tulsa Auto Collection Oct. 1.
Earlier this month, Ford Motor Co. purchased a majority interest in the troubled Tulsa Auto Collection, buying out four of the original six investing dealers. The Tulsa Auto Collection is Ford's dealer consolidation in Tulsa, Okla.
Evans, a regional vice president of First America Automotive, replaces retiring dealer and investor Don Thornton.
California-based First America Automotive operates more than 30 dealerships.
3 execs quit Federal-Mogul
Three top Federal-Mogul Corp. executives have resigned following the earnings shortfall announced last week by the world's largest maker of engine seals.
Gordon Ulsh, 52, quit after just eight months as president and COO. Company Chairman Richard Snell took over Ulsh's duties in addition to his own.
Frank Tomes, executive vice president for the former General Products division, and Edward O'Leary, vice president of aftermarket sales for the Americas, also left, the company said.
The company's shares plunged 23 percent after Snell told analysts that third-quarter profits might be 20 percent below analyst forecasts.
Porsche to build SUV in Germany
Porsche AG said it will build its new sport-utility in Leipzig, Germany.
It plans to spend about $53 million on the plant. Development costs for the sport-utility platform will run about $530 million.
Production is slated to begin by the the end of 2001. Annual output is estimated to reach 20,000.
New airbag tests proposed
WASHINGTON - Carmakers are proposing a new airbag crash test, saying it would allow them to keep using reduced-power airbags while meeting government demands that they crash-test whole vehicles rather than test sleds.
Vann Wilber, the Alliance of Automobile Manufacturers' vehicle safety director, said Friday, Sept. 17, that makers would use unbelted medium-sized male and small female dummies in a 25-mph barrier test. He said Dr. Ricardo Martinez, chief of the National Highway Traffic Safety Administration, is balking at the 25-mph speed.
In the past, the government required unbelted male dummies in 30-mph tests. Since 1997, test sleds have been used to certify safer, reduced-power airbags. New tests are needed for advanced airbags.
GM faces ad-fund quiz
A federal judge in Columbus, Ohio, will hold an informal hearing Tuesday, Sept. 21, on a motion filed this summer by General Motors dealers in southern Ohio.
The dealers contend GM is violating terms of a 1992 court settlement requiring the return of a 1 percent assessment on vehicle invoices to regional marketing groups, said Mike Close, a senior associate of the dealers' law firm in Columbus.
GM stopped reimbursing dealer groups when it disbanded them March 31. The judge will decide if a formal hearing is appropriate.