4.0
9 Jan 2013
Anonymous employee
Current employee, more than 10 years
Recommend
CEO approval
Business outlook
Pros
The individual operating units were, for the most part, able to provide local self-management. The IDS division of companies (prior to divestiture) provides a technologically advanced ETO product to the transportation industry. The automotive and industrial business units continues to provide quality OEM and aftermarket products to the automotive industry.
Cons
The company struggled for a period of time with issues resulting from a 2001 stock buyout selling the company to private equity. The downturn of the automotive sector had a significant effect in the last half of 2008, forcing Mark IV into bankruptcy and divestiture of some of it's more profitable divisions (perceived by management as not part of the Mark IV core competency).