Tecumseh Products hires turnaround firm, interim execs.

Blade (Toledo, OH) | July 29, 2005 | Copyright

Byline: Gary T. Pakulski

Jul. 29--TECUMSEH, Mich. -- Stuck in a deep snowdrift and in danger of being smothered, Tecumseh Products Co.'s small-engine unit has taken aggressive steps in recent weeks to rescue itself.

Officials have hired a turnaround specialist from Detroit at an initial cost of $850,000 and have brought in temporary employees to serve as the unit's president and vice president for finance.

Times are tough overall for the local firm, which is a top supplier to manufacturers of refrigeration equipment, lawn mowers, and snowblowers. ...

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