COLTEC INDUSTRIES COMBINES COLTEC AUTOMOTIVE AND HOLLEY AUTOMOTIVE DIVISIONS.Industries Inc (NYSE NYSE See: New York Stock Exchange :COT) is combining its Coltec Automotive Division with its Holley Automotive Division, based in Warren, Michigan Warren is a city in Macomb County in the U.S. state of Michigan. As of the 2000 census, the city had a total population of 138,247, making Warren the largest city in Macomb County, the third most populous city in Michigan, and Metro Detroit's largest suburb. . This change is being made in order to better serve Coltec Industries' automotive customers and take advantage of economies of scale that will result from the new larger division, which will be called Holley Automotive. Philip M. Peters, a Coltec Industries group president and president of Holley Automotive, said, "Coltec Automotive and Holley Automotive share many of the same customers and suppliers. Both divisions are expanding into Europe, and it makes sense to combine European marketing and engineering efforts into one unit. Our new research and development center in Arlington, a suburb of London, will open by January 1996 to support this expansion." As a result of this change, design and development engineering, marketing, finance and administrative functions will be located in Warren, Michigan. Production of emission-control air pumps and oil pumps will remain in Sallisaw, Oklahoma Sallisaw is a city in Sequoyah County, Oklahoma, United States. It is part of the Fort Smith, Arkansas Metropolitan Statistical Area. The population was 7,989 at the 2000 census. It is the country seat of Sequoyah CountyGR6. ; and the manufacturing of induction modules, throttle bodies, stepper motors and solenoids will continue in Water Valley, Mississippi Water Valley is a city in Yalobusha County, Mississippi, United States. The population was 3,677 at the 2000 census. Geography Water Valley is located at (34.153489, -89.631077)GR1. . Coltec Industries Inc is a New York-based manufacturing company serving aerospace, automotive and other industrial markets. CONTACT: Michael Dunn Michael Dunn (born Gary Neil Miller, reportedly on February 7, 1934 in Shattuck, Oklahoma; died August 30, 1973 in London) was a successful "little person" American actor. 212/940-0523 |
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