Fujimura promoted to new BFS post NASHVILLE, Tenn.—Bridgestone/Firestone Inc. has promoted Mike Fujimura, formerly head of its Truck Tire sales division (BFTT), to the newly created post of chief administrative officer.
Leadership of the BFTT division will be assumed by John Lampe, concurrent with his duties as president of the company's Tire Sales division, BFS said.
Mr. Fujimura, president of BFTT since February 1999, will report to BFS Chairman and CEO Masatoshi Ono and continue serving as an executive vice president. He also is a member of the BFS board of directors and that of its parent, Bridgestone Corp.
BFS President Kenji Shibata said Mr. Fujimura will have an important role in assuring that all company operations are "truly customer focused" and in reinforcing that attitude among employees at every level.
Goodrich official tire of contest
DETROIT—BFGoodrich Tires is sponsoring a design competition in which high school students throughout North America can design futuristic cars equipped with BFGoodrich Scorcher T/A tires.
The contest, launched by DataDetroit.com, an automotive-specific Internet job board, requires students to submit a drawing and short explanation of a vehicle they will see in the future. The drawing must include Scorcher T/A colored tires, although contestants aren't required to design new treads for the Scorcher, according to DataDetroit.com President Thomas Feeney.
Entries must be submitted by June 1, and 15 finalists will be judged by a group of automotive industry professionals. Cash prizes of $500, $250 and $100 will be awarded to three winners.
Competition details, rules, tips and entry forms can be found online at www.datade-troit.com/contest.
Nokian reports financial growth
NOKIA, Finland—After recording double-digit growth in 1999 sales, operating profits and net profits, Nokian Tyres P.L.C. has budgeted $35 million to expand production capacity this year to help it keep up with demand.
Nokian reported 27- and 19-percent jumps in operating and net earnings, to $44.8 million and $27.4 million respectively, while sales benefited from acquisitions to climb 28 percent to $343.6 million.
Nokian's retail activities, aided by the fall addition of Isko—Finland's largest tire wholesaler and retailer—doubled sales over 1998, and now account for nearly one-third of Nokian's corporate sales.
Passenger tire sales rose 20 percent over the previous year, to $174.7 million (Euro 164 million), 77 percent of which came from exports, the firm said. Demand for winter tires grew in all markets, with sales of snow tires accounting for 69 percent of passenger tire sales.
Hayes Lemmertz posts results
NORTHVILLE, Mich.—Hayes Lemmerz International Inc., a supplier of wheels, brakes, suspension and other lightweight components, posted a 49-percent surge in net income to $65.1 million for fiscal year 1999.
Sales for the fiscal year totaled $2.3 billion, a 37-percent jump from fiscal 1998. The company attributed the growth to acquisitions and to organic growth in its aluminum wheels business.
For the fourth quarter ended Jan. 31, Hayes Lemmerz posted net income of $15.6 million, a 65-percent hike from the same period a year ago. Sales rose 31 percent to $566 million.
Goodyear, BFS sponsor events
LOUISVILLE, Ky.—Goodyear and Bridgestone/Firestone Inc. will continue to be major benefactors of the International Tire and Rubber Association's World Expo.
Goodyear has agreed to sponsor the Expo's General Session, which will take place 8-9:30 a.m. on May 2 at the Opryland Hotel and Convention Center in Nashville, Tenn.The session also will feature keynote speaker Archie Manning, former NFL quarterback for the New Orleans Saints.
BFS will sponsor the ITRA Educational Foundation Golf Tournament, including participation gifts, food, signage, transportation costs and first-place prizes consisting of four sets of Precept clubs and bags. All proceeds from the tournament, which will take place April 30 at the Hermitage Golf Course, will be used for educational and training programs.