 News of May 23, 1999
(the
 will lead you to the full article)
Page 5 of 5
.
French-American
Chamber of Commerce Names Goodyear Chairman Executive of the Year
. |
| Akron, Ohio, May 19, 1999 - Samir G. Gibara, chairman and chief executive
officer of The Goodyear Tire & Rubber Company, has been named Executive of the Year by
the French-American Chamber of Commerce in Chicago. He will be honored tonight at the
organization's Sixth Annual Nuit des Etoiles (Night of the Stars) in the Grand Ballroom of
the Chicago Hilton and Towers. According to Michel Gilbert, FACC executive director, the
award recognizes executives "with proven leadership and success in business both in
France and the United States, integrating both cultures in a global development strategy.
This award is not only a recognition of personal achievement, but also a commendation of
the company's success."
Goodyear's chairman since 1996, Gibara worked in the company's French operations for 16
years, 10 of those as president of Goodyear France. "It is truly an honor to be
recognized by such a distinguished organization," Gibara said. "As this award is
given to acknowledge dedication and perseverance, I will accept it on behalf of all
Goodyear associates around the world. They are the reason for Goodyear's success for over
a century and they are responsible for our progress during my watch as chairman," he
added.
|
| Stockholm, Sweden, May 17, 1999 – Audi, World Technology Leading Car
Manufacturer, Launches State-of-the-Art Direct Injected V8 Diesel Engine With an Engine
Block Cast in SinterCast Compacted Graphite Iron SinterCast is pleased to report that
the German car manufacturer Audi, at the Vienna Motor Symposium in Austria, on May 6,
1999, announced its new V8 TDI Diesel engine with the engine block designed in SinterCast
CGI and produced by the German foundry Halberg Guss using the SinterCast Process Control
Technology.
It is an important recognition of the SinterCast technology that Audi, well known
technology leader with the highest reputation for Diesel engine technology, has appointed
the quality foundry Halberg Guss to produce the engine block using the SinterCast Process
Control Technology to meet is exacting quality standards.
SinterCast is pleased to be working with Halberg Guss, whose foundry expertise in the
production of the highest quality cast iron has resulted in a unique production line
installation of the SinterCast System 2000 to provide Europe's first high volume
production facility for automotive engine blocks in CGI. The facility meets the highest
quality standards demanded by the industry."
|
| Lear Corporation
Issues Senior Notes |
Southfield, Michigan, May 18, 1999 - Lear Corporation (NYSE: LEA) today announced that it
has issued $1.4 billion aggregate principal amount of senior notes. The private offering
included $800 million of 10-year notes bearing interest at a rate of 8.11% and $600
million of six-year notes bearing interest at a rate of 7.96%.The net proceeds from the
sale of the senior notes were used to repay a portion of the indebtedness under the
Company's senior credit facilities which was incurred to finance the Company's recent
acquisition of UT Automotive. |
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