Snap-on names Fiedler to board
KENOSHA, Wis.-Snap-on Inc., which markets tools, diagnostics and equipment for the automotive service industry, has named John F. Fiedler to its board of directors.
Mr. Fiedler, 65, is the retired chairman and CEO of BorgWarner Inc. During his tenure at BorgWarner, the firm increased its revenues to $3 billion from $800 million and grew from a largely North American firm to one with a geographically balanced customer base, Snap-on said.
Mr. Fiedler is a past executive vice president of Goodyear's North American Tire division.
Goodyear to expand plant in Tyler, Texas
TYLER, Texas-Goodyear has completed an agreement on a tax abatement plan that will result in the company expanding its tire-making capabilities at its Kelly-Springfield Tire Co. plant in Tyler.
The pact with Smith County, Texas, officials calls for Goodyear to add machinery, upgrade other equipment and expand its tire operations at the factory. No new hires are planned.
The five-year abatement, which goes into effect for the tax year 2005, covers a $12 million investment in tire-building equipment, a company spokeswoman said. Goodyear plans to install surplus machinery from other Goodyear facilities at the plant.
Toyo supporting Canada Olympians
DELTA, British Columbia-Toyo Tire Canada Inc. is supporting Canada's national track and field team in its 2004 Olympic games participation by donating a portion of its sales during March and April to the team.
To promote the program, which supports Canada's governing body for track and field, Toyo will conduct a spring retail sales campaign featuring posters and television spots with the image of a high jumper in action along with the tag line: ``Taking performance to new heights.''
Toyo also will give away to a customer a trip for four to see the Canadian track and field team perform in Athens, Greece, this summer.
Maxxis adds two sports sponsorships
SUWANEE, Ga.-Maxxis International has become the official tire of the Houston Rockets of the National Basketball Association.
``The international appeal and interest generated by the Rockets provides an ideal opportunity for Maxxis to enhance its brand identification and marketability in Houston and globally,'' said Tad Brown, Rockets vice president of corporate development.
The agreement runs through the remainder of the current NBA season.
Maxxis also has agreed to sponsor in 2004 professional golfer Candie Kung, who finished 6th on the Ladies Professional Golf Association money list in 2003.
``We are truly excited about having Candie on the Maxxis team and look forward to a successful partnership in 2004,'' Maxxis said.
Conti Teves gains traction control biz
DETROIT-Continental Teves, a unit of Continental A.G., has announced the launch of six new electronic stability control (ESP) programs in North America, with the technology now available on more than 30 vehicles in model year 2004.
Conti Teves estimates it will supply more than 3.6 million ESP units to auto makers worldwide this year-an increase of 7 percent over model year 2003. ESP technology, the company said, uses electrical sensors and data analysis to improve vehicle stability significantly in accelerating, cornering and braking.