Modine CEO Rings Bell Today To Begin Trading on NYSE
Modine President and CEO David Rayburn rang the bell this morning to open trading on The New York Stock Exchange (NYSE) celebrating the start of trading of Modine common stock on the NYSE. Modine common stock will be traded under the new ticker symbol “MOD.” The company transferred its common stock to the NYSE on October 14 from the NASDAQ where it had been traded under the ticker symbol “MODI.” Yesterday, Modine CEO Dave Rayburn and CFO Brad Richardson conducted a conference call from the NYSE to discuss the company’s fiscal 2005 second quarter results, which included net income more than tripling, and sales increasing 30 percent versus the comparable 2003 quarter.
Gateway, Snap-on Receive Auto Technician Grant; Money Is Part of U.S. Effort to Boost Mechanic Industry
Gateway Technical College and Snap-on Inc. received a $900,000 grant from the U.S. Department of Labor Wednesday as part of a nationwide effort to develop programs to increase the number of automotive technicians. The money will be used to develop a Web-based tutorial for more than 500 secondary and post-secondary instructors and schools attempting to get nationally certified.
SKF/Chicago Rawhide Receives Award for Land Donation Toward Technology Center
SKF/CR recently received the Oklahoma Association of Technical Centers Partners For Progress award for its donation of land for a Western Technology Center (WTC) campus in Hobart, Okla. The Partners For Progress award is designed to recognize businesses and industries that have made outstanding contributions to the improvement, promotion, development and progress of career and technology centers.
Keystone Suspends Headlamp Sales
Auto replacement parts distributor Keystone Automotive Industries Inc. said Friday that it suspended the sale of aftermarket headlamps for the Ford Taurus and the General Motors Pontiac Grand Am as a result of independent tests that indicate these headlamps do not fully comply with federal standards.
Cooper Earnings Fall In Third Quarter
Cooper Tire & Rubber Co. (CTB) posted sharply lower third-quarter earnings Thursday as a result of restructuring charges associated with the sale of its automotive group. Cooper said profits for the period ended Sept. 30 fell to $9.9 million, or 13 cents a share, from earnings of $17.8 million, or 24 cents a share, for the same quarter last year.
2005 Automotive News Pace Award Finalists Named
More than 30 automotive suppliers have been named finalists in the 11th annual Automotive News PACE Award competition. Open to suppliers that contribute products, processes, materials or services directly to the manufacture of cars or trucks, the PACE (Premier Automotive Suppliers’ Contribution to Excellence) Award is presented by Automotive News, Capgemini and Transportation Research Center Inc. (TRC Inc.). Judges selected 23 finalists and 10 honorable mention awardees based on extensive written responses to the 2005 PACE Award application. Finalists will now host site visits by industry, academic and business leaders to select the winners, which will be announced in April during the Society of Automotive Engineers conference in Detroit. Judges will evaluate each company’s innovation as well as its management team.
Ride a Harley With NASCAR Driver Kenny Wallace in Vegas
What better way to get in the mood for AAPEX than hopping on a Harley in Las Vegas and cruising around Lake Mead and through the Valley of Fire and Red Rock Canyon with NASCAR driver Kenny Wallace. There’s still time to sign up for the popular NASCAR Caf
Limited Seating Available for Executive Seminars at AAPEX
Sign up today while space is still available to take away real ROI from one or all four exclusive Executive Sunrise Seminars at this year’s AAPEX show. Top executives from FedEx Ground, Harley-Davidson Motor Company, Avicon, along with drag racing legend John Force will jump-start your mornings on Tuesday, Nov. 3 and Thursday, Nov. 5.
American Collectors Insurance Renews Sponsorship with Auto World Radio
For the third consecutive year American Collectors Insurance has renewed its sponsorship of the Auto World Radio show, hosted by Bob Long. American Collectors Insurance is a national provider of insurance for collector cars, trucks and motorcycles. Auto World is broadcast nationwide via the National Radio Network and the Cable Radio Network. The show reminisces about the cars of the past, reviews the cars of the present and looks ahead to the cars of the future.
JAMAK to Premier New Global Wipers at AAPEX
JAMAK Global Wipers, a pioneer in silicone wiper technology, will announce the launch of its new Global Wiper range at the upcoming AAPEX show in Las Vegas. The new wiper range will compliment JAMAK’s Tripledge and Cyclone brands of silicone wipers. The new offerings include the Endurance Edge, Performance Edge and Classic Edge range of wipers.
AAIA Members Invited to AAPEX Seminar Series
American Express Tax and Business Services Inc. will kick off the AIA Seminar Series at AAPEX, by presenting the “Doing Business With China: How to Succeed” breakfast seminar on Tuesday, Nov. 2 at 7:45 a.m. at the Sands Expo Center (SEC) in rooms 303-304. This timely discussion of doing business with China will address in-bound logistical and tax planning considerations. Participants will learn about the economics of going to China, when to go and how to get there. Presenters will discuss the economics of new distribution channels and how to make them successful, as well as how to get the most out of setting up foreign operations from a U.S. tax perspective.
Advance Auto Parts Announces Record Third Quarter Sales and Earnings
Advance Auto Parts has announced record results for its third quarter, which ended on Oct. 9, with comparable store sales increasing by 3 percent and earnings per diluted share increasing to 68 cents. These preliminary results are subject to completion of the company’s normal quarter end closing procedures.