 News of July 06, 1999
(the
 will lead you to the full article)
Page 4 of 4
Lear
Corporation Signs Letter of Intent to Acquire 100% of Lear-Donnelly Joint Venture Company
. |
| SOUTHFIELD, Mich., July 2, 1999 - Donnelly Corporation (NYSE: DON) and
Lear Corporation (NYSE: LEA) today signed a letter of intent for Lear to acquire
Donnelly's 50-percent stake in Lear-Donnelly Overhead Systems, L.L.C. (LDOS), the joint
venture in which the two automotive suppliers are currently equal partners. The
transaction is subject to regulatory approval and is expected to be completed by late
summer. Terms of the transaction were not released. LDOS designs and manufactures overhead
systems for the automotive industry. The joint venture was formed in 1997 by Donnelly and
Lear, with each company contributing certain assets. The LDOS product line includes
headliners, sun visors, lighting and overhead consoles.
|
Federal-Mogul
Announces the Organizational Structure for the Visibility Group
. |
SOUTHFIELD,
Mich., July 2, 1999 - Frank Tomes, executive vice president, General Products,
Federal-Mogul Corporation (NYSE: FMO), announces the organizational structure for the
Visibility Group, effective immediately:
. |
- James T.
Boyd, director, lighting operations, North America
- William F. Buchman, vice president, OE sales and marketing, lighting products
- Rene Dalleur, managing director, wiper products, Europe and South Africa
- Robert N. Faulhaber, director, wiper operations, North America
- Richard A. Kurt, director, human resources
- Mario Machado, general manager, lighting and wipers, Brazil
- Terry Ressler, director, OE sales and marketing, wiper products, North America
- Joe Stephan, director, aftermarket marketing, North America
- Barry Whipple, division controllerAll positions will report directly to Terry
Graessle, vice president, visibility group, General Products, with the exception of Rene
Dalleur, who will continue to report directly to Kevin Baird in Europe. "By combining
our wiper and lighting operations, we are able to bring an exciting and improved offering
to our customers," said Tomes. |
|
<previous page>
© 1999
Copyright Automotive Intelligence, www.autointell.com
All Rights Reserved .
For questions please contact
editor@autointell.com
[Homepage]
[ News] [ Companies] [ Management] [ Publications] [ Events] [ Careers]
[Services] [Discussion] [ Guestbook] [ Search]
|