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SRC Automotive Inc history
SRC Automotive Inc company history timeline
By 1981, Springfield ReManufacturing was managing to turn a $1 million profit.
1982: Plant managers lead the buyout of Springfield ReManufacturing.
To guard against the cyclical nature of the truck business, SRC had begun to diversify in 1985, branching out into automobile engines.
1986: A turnaround is in evidence; annual sales amount to $42 million.
Along the way, he became something of a management guru, publishing The Great Game of Business in 1992 and A Stake in the Outcome ten years later.
A 50-50 joint venture was formed in 1998 with Deere & Co.
2000: SRC has 22 subsidiaries and sales of $150 million.
In 2002 Business Week praised Stack as someone whose attention to relationships, openness, and focus on real results provided a positive example in contrast to the greed-driven debacles at Enron and the excesses of the dot-com bubble.
The Engines Plus unit sold its original oil cooler business to SRC Heavy Duty around 2004 in order to focus on producing small industrial power generators.
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SRC Automotive Inc may also be known as or be related to SRC Automotive and SRC Automotive Inc.