SEMA Show 2004 Registration Officially Open
SEMA, the Specialty Equipment Market Association, has launched its 2004 SEMA Show registration online at www.SEMAshow.com. With its vast array of unique automotive vehicles, huge number of new product introductions and participation by the world’s carmakers, the 2004 SEMA Show will be held Tuesday, Nov. 2, through Friday, Nov. 5, at the Las Vegas Convention Center.
Brake Parts Inc. Introduces Raybestos Brand Friction Ready Calipers
Brake Parts Inc. has introduced Raybestos brand premium-quality, friction-ready calipers, according to Tom Amundson, product manager.
Goodyear Releases 2003 Financial Results
Despite record sales of $15.1 billion and some bottom-line improvements, Goodyear Tire & Rubber Co. reported a full-year 2003 net loss of $802.1 million or $4.58 per share. The 2003 net loss also included a -$56.2 million restatement for the year, part of a total of $164.8 million in additional net losses over the 1997-2003 period.
Executive Interview with Max Dull, Vice President and General Manager of Beck/Arnley
Our latest edition of “Executive Interview” features Max Dull, vice president and general manager of Beck/Arnley. Join us as Max shares insights from his extensive aftermarket experience, fills us in on what’s new at Beck/Arnley and explains the Beck/Arnley business philosophy.
“DST Asks: Do You Get Everything You Need from Your Current Computer System?
We’re going to go out on limb and make the assumption that the goal of your business is to make a profit by acquiring customers, selling and servicing them, and retaining them for generating future revenue. If this is not the goal of your business, there’s no need to read further in this week’s column – although if that’s the case, we would love to hear what actually is the goal of your business.
Timken to Increase High Speed Steel Prices
Timken Latrobe Steel, a subsidiary of The Timken Co., has announced it will increase prices by 5 percent on high speed steel products. The price increase will take effect with new orders received beginning June 1. The company said raw material surcharges will remain in effect.
Clevite Launches New Engine Builder Club
Clevite Engine Parts recently launched the Clevite Engine Builder Club, a new, one-of-a-kind club aiming to further the professional careers of engine builders across the country and around the world.
Lear Announces Organizational Changes
The board of directors of Lear Corp. have announced a number of organizational changes.
UTI to Open New PA Campus
The Pennsylvania Department of Education has granted a license to Universal Technical Institute, Inc. (UTI) to operate a new campus in southeastern Pennsylvania.
Oxford Automotive, Inc. Sells Mexican Plant and Amends Credit Agreement
Oxford Automotive, Inc. announced the closing of the sale of its manufacturing facility located in Ramos Arizpe, Mexico for approximately $40 million (including $3 million to be held in escrow). Pending investment of the net proceeds in capital assets, the company has applied the funds to reduce the amount currently outstanding under its revolving credit facility.
Uni-Select Inc. Net Profits Increased by 20.8 Percent in the First Quarter of 2004
Uni-Select Inc. recorded an increase in net profits of 20.8 percent this year to attain U.S. $4.14 million or $0.23 per share compared to $3.43 million or $0.19 per share for the corresponding period a last year. Sales improved to $175.8 million in the first quarter of 2004, an increase of 6.2 percent versus sales of $165.6 million in the first quarter of 2003.
Transportation Secretary Mineta Launches Traffic Safety Partnership with NASCAR
U.S. Transportation Secretary Norman Mineta and NASCAR President Mike Helton have joined forces in launching a new traffic safety alliance with the racing league aimed at saving the lives of everyday drivers on America’s roads. Secretary Mineta made the announcement while in Richmond, Va., appearing as the grand marshall of NASCAR’s running of the Chevy American Revolution 400.