Champion Parts Reports Continued Profitability for Second Quarter
Champion Parts, Inc., a remanufacturer of automotive parts, announced net income for the second quarter, which ended on June 27, of $322,000, or 9 cents per share, compared to $613,000, or 17 cents per share for the same period in 2003. Net sales were $5,124,000, compared to $6,973,000 in 2003.
American Axle & Manufacturing Expands Stock Repurchase Program by 3 Million Shares
American Axle & Manufacturing Holdings’ (AAM) board of directors has approved an expansion of AAM’s stock repurchase program by 3 million shares. The expansion, coupled with the 2.5 million shares already purchased since the program was established in February 2004, brings the aggregate program total to 5.5 million shares. Under the program, purchases can be made in the open market or in privately negotiated transactions from time to time over the next two years.
Timken Earns Product Training Award
CANTON, Ohio — The Timken Co. recently won the Manufacturer Product Training Award from Progressive Distributor magazine in recognition of its Distributor Training School. Established nearly 50 years ago, Timken’s Distributor Training School travels throughout the U.S. and Canada each year teaching industrial distributors and end-users about the basic types of bearings, how and where
Timken Earns Product Training Award
The Timken Co. recently won the Manufacturer Product Training Award from Progressive Distributor magazine in recognition of its Distributor Training School. Established nearly 50 years ago, Timken’s Distributor Training School travels throughout the U.S. and Canada each year teaching industrial distributors and end-users about the basic types of bearings, how and where they are used and proper installation and maintenance practices.
Private Equity Firms Drive Away With More Auto Parts Deals
The auto parts industry continues to be one of the favorite places for private equity firms to put their money as they invested more than $1.5 billion in the industry in July.
R. L. Polk & Co. to Present “Industry Standards For Aftermarket Data” Seminar
Those who attended the Aftermarket e-Forum in Chicago earlier this month learned the importance of implementing industry standards for aftermarket data. Now, to provide specific education for implementing the standards, Northwood University’s University of the Aftermarket, in conjunction with its association sponsors and the Electronic Commerce Committee will present “Industry Standards For Aftermarket Data” Seminar.
How Electronics and Mechatronics Will Affect Your Future Reman Business
During the 2004 International Big R Show in Las Vegas, Fernand Weiland of FJW Consulting (Cologne, Germany), will moderate a free workshop on electronics and mechatronics and the impact that electronics has on products that are currently only mechanical or electrical in nature.
Douglas Battery Expands Distribution
In response to increased demand on the West Coast, Douglas Battery has expanded its California distribution center.
ROL Manufacturing Sets New Company Record
Aftermarket exhaust accessories maker ROL Manufacturing reported a new company record this week. The company announced that in the past 12 months, the ROL Exhaust and Marwil Divisions combined, set a new company record of manufacturing and selling more than 27 million individual muffler clamps.
Automotive Oil Change Association Offers Private Manager Training Courses
The Automotive Oil Change Association (AOCA) is now offering private manager training courses, designed not only to meet the needs of professional technicians but also helping them overcome coming barriers to training.
Holley Names Northwest Regional Sales Manager
Holley Performance Products, a leader in the performance engine market, recently announced the addition of Brent Geisler as regional sales manager for the Northwest territory.
Pep Boys Reports Second Quarter Results, Announces Organizational Changes
Pep Boys reported its financial results for the thirteen weeks, which ended on July 31. At the same time, the company announced a number of organizational changes that are effective immediately.