Defining The Process Enterprise
In this week’s article we’ll deal with a fundamental question: What is a “process enterprise” and how does it differ from the kind of enterprise most of us are living in today?
Goodyear Takes Disciplinary Actions Related to European Union Accounting Review
Goodyear Tire & Rubber has taken disciplinary actions against several senior managers in its European Union operation in response to its ongoing investigation of improper accounting in European and other overseas operations. Although the investigation is not yet complete, the company said it decided to begin the process of improving the European organization and to continue strengthening its accounting controls.
Foreign Countries Try to Lure Auto Jobs
Luis Salazar’s booth is one of the largest at the Society of Automotive Engineers World Congress, with four columns, flags and several comfortable leather chairs. But with space that rivals General Motors Corp.’s and Ford Motor Co.’s exhibits, Salazar isn’t pushing cool 21st-century technology, sensors or car parts — he’s pushing Mexico. If you have jobs, the Mexican deputy trade commissioner has plenty of land, workers and a proven track record with the auto industry to offer.
American Axle Pact Ratified; Supplier Gets the Right to Negotiate 2-Tier Wages
UAW members ratified a four-year contract with American Axle & Manufacturing Inc., after a one-day strike late last month that disrupted General Motors Corp. truck production. About 68 percent of the employees voted for the contract, the union said Monday. About 68 percent of the employees voted for the contract, the union said Monday.
Standard Motor Products Announces Fourth Quarter and Full Year 2003 Results
Standard Motor Products has reported its financial results for the three months and for the year, which ended Dec. 31, 2003. Consolidated net sales for the fourth quarter of 2003 were $162.5 million, compared to consolidated net sales of $107.9 million during the comparable quarter in 2002. Losses from continuing operations for the fourth quarter of 2003 were $5.5 million or 29 cents per diluted share, compared to $8.1 million or 68 cents per diluted share in the fourth quarter of 2002.
Great Britain’s Automotive Aftermarket Holds Potential for U.S. Suppliers
Recent changes in market access regulations and similarities between consumers in the U.K. and U.S. make the $24 billion automotive aftermarket in Great Britain a potential sweet spot for U.S. suppliers.
Former Allied Signal President Michael Monti Dies
Michael Monti, former president of Allied Signal Inc., died Friday at age 66. A former MEMA board member, Monti retired from Allied Signal in 1995 after 37 years with the company. Before becoming president, he had worked as president of the Allied Fram division and vice president and general manager of the Bendix automotive aftermarket operation in Jackson, Tenn.
Replacement Parts To Acquire Louisiana Chain
Aftermarket Auto Parts Alliance/Bumper to Bumper member Replacement Parts,Inc., which operates 134 stores and four distribution centers, has entered into an asset purchase agreement with Dimmick Supply Inc. The agreement will transfer all of Dimmick’s 10 stores and its single DC to Replacement Parts as of March 29. Dimmick Supply is also a Bumper-to-Bumper member, and its stores will continue to operate as such. The Dimmick stores are located in or adjoining existing Replacement Parts territories in southwest Louisiana and will be served out of the Monroe DC.
DST Asks: Can Your Business Measure Return on Customer Investment?
Although most businesses have the means for measuring their Return On Investment, DST has coined the term Return on Customer Investment as a more accurate method of determining profitability of the customer base. Many firms believe that their largest customers, or the ones they have been supplying for the longest time, are the most profitable ones, but access to pertinent data can contradict those assumptions.
AAIA Issues ‘Call to Action’
On Feb. 26, Sen. Lindsey Graham, (R-S.C.), introduced the Motor Vehicle Owners’ Right to Repair legislation (S. 2138) in the Senate. Similar to legislation in the House (H.R. 2735), the bill would ensure that motorists retain the right to choose how and by whom their vehicles are maintained and repaired. AAIA and AWDA are strongly urging individuals and businesses involved in the industry to go to the Legislative Action Center at www.aftermarket.org and send a letter urging their senator to join Graham in supporting S. 2138.
Aftermarket Symposium Panel To Discuss Upcoming Underhood Trends for 2010
A panel of automotive aftermarket suppliers will discuss “Under the Hood Car Trends/Future 2010” at the ninth annual Global Automotive Aftermarket Symposium (GAAS). GAAS 2004 is set for Tuesday and Wednesday, May 18-19, at the Hyatt Regency, Chicago. The panel will take place at 9:15 a.m. on Tuesday, May 18.
Aftermarket Symposium Panel To Discuss Upcoming Underhood Trends for 2010
A panel of automotive aftermarket suppliers will discuss “Under the Hood Car Trends/Future 2010” at the ninth annual Global Automotive Aftermarket Symposium (GAAS). GAAS 2004 is set for Tuesday and Wednesday, May 18-19, at the Hyatt Regency, Chicago. The panel will take place at 9:15 a.m. on Tuesday, May 18.