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News Briefs 5/21/2010

Tenneco (Lake Forest, IL) was honored with the 2010 Polk Inventory Efficiency Award during the Global Automotive Aftermarket Symposium this week.



Dana Announces Appointment Of Two New Directors

Joe Muscari of Minerals Technologies and Richard Wallman, formerly of Honeywell International, have been appointed to the Dana Holding Corp. (Maumee, OH) board of directors.



Justin Cooper Joins Experian Auto Aftermarket Sales Team

Experian Automotive has named Justin Cooper as the national sales manager for its automotive aftermarket group. Cooper comes to Experian with 14 years of automotive industry experience, including sales, marketing and business development positions with R.L. Polk & Co. and Michelin Tire Corp. He joins Mark French on the Experian Automotive aftermarket sales team. Together, [...]



Veteran Aftermarket Marketer Bob Budlong Joins MontAd

Aftermarket veteran Bob Budlong has joined MontAd, a marketing agency based in Wixom, MI, as the firm’s director of business development.



New GM At Philips Automotive Lighting North America

Philips Automotive Lighting North America (Farmington Hills, MI) has named Dennis Samfilippo as its new general manager.



Danaher Taps Matco Veteran As New Hennessy President

Hennessy Industries (La Vergne, TN) — which the AMMCO brake lathes, Coats wheel service equipment and BADA wheel balancing weights — has named Matco Tools veteran Tim Gilmore as its new president.



Motorcar Parts’ Borrowing Reserve Increases To $10 Million

Torrance, CA-based Motorcar Parts of America (MPA) has entered into an amendment to its revolving credit and term loan agreement with Union Bank N.A., as administrative agent and lender, and the Branch Banking & Trust Co.



Registration Closes May 28 For Next Distance Learning Courses

Registration is open for five summer courses available through the University of the Aftermarket’s online Distance Learning program.



Less Than 200 Remy Alternators Being Recalled In Canada

Canadian Tire Corp. (Toronto) and Remy Power Products (Edmond, OK) are recalling less than 200 alternators that fit certain models of 1999-’05 Chevrolet, GMC, Buick, Cadillac, Hummer, and Saab trucks, vans, and SUVs.



Tenneco Seeks To Amend, Extend Senior Credit Facility

Lake Forest, IL-based Tenneco is launching a transaction to amend and extend its existing senior credit facility, which currently expires in 2012.