Joint Venture to Develop New Car Race to Replace Formula One
GPWC Holdings BV, a group of four carmakers, said it has appointed International Sports and Entertainment AG (iSe) to start building the operational and commercial structure immediately for a new car racing event replacing Formula One by 2008 at the latest.
Live from AAPEX: MEMA Introduces New President at Press Conference
With what seemed like nearly the entire aftermarket industry gathered under one roof, what better place than AAPEX to introduce the new president of MEMA?
SPX Service Solutions Acquires AutoXray
SPX Corp. announced yesterday that its Service Solutions business has acquired Tempe, Arizona-based AutoXray, Inc., which designs automotive diagnostic test equipment and instrumentation marketed to professional technicians and retailers.
Dana and Cypress Group Amend Agreement for Sale of Dana AAG
Dana Corp. announced yesterday it has amended the agreement to sell Dana’s automotive aftermarket businesses to Affinia Group Inc., an affiliate of The Cypress Group. Among other things, the amendment revises the purchase price to approximately $1 billion, comprised of $950 million in cash and a seller’s note with a $74.5 million face amount.
Live from AAPEX: Scott Meyer Presented MEMA’s Prestigious Triangle Award
Scott Meyer, retired president of Ken-Tool in Akron, Ohio, and past chairman of the Motor & Equipment Manufacturers Association’s (MEMA) , was presented the Triangle Award, MEMA’s highest honor, last night during the association’s Executive Reception in Las Vegas.
Live from AAPEX: ArvinMeritor Receives AAIA Certification of Information Exchange for Gabriel, Private-Label Ride Control Product Lines
This week at AAPEX ArvinMeritor announced that it received certification of its Gabriel and private-label ride-control products to all four groups of the Automotive Aftermarket Industry Association’s (AAIA) Product Information Exchange Standards (PIES) Data Audit Certification (DAC) program. The certification means ArvinMeritor’s Gabriel and private-label products meet the industry’s standards for the exchange of extended product information for the aftermarket and heavy-duty segments of the automotive industry.
Be Car Care Aware Declared New On-Going Program For IAPA and ASP
Independent Auto Parts of America (IAPA) has joined the Be Car Care Aware (BCCA) consumer education campaign and will integrate it with IAPA’s ongoing programming. According to Mike Kamal, IAPA executive director, the group also will embrace National Car Care Month (NCCM) as Automotive Service Professional (ASP) member shops and IAPA retail stores host NCCM car check-ups and related activities in April.
BorgWarner Takes Over Supplier Beru
U.S. automotive company BorgWarner said Monday it is buying a controlling stake in German supplier Beru AG and would make an offer for the remaining shares in a nearly $800 million deal that it hopes will strengthen its position with global automakers.
ASA Announces Partnership with CAA
The Automotive Service Association (ASA) has announced a new partnership agreement with the California Autobody Association (CAA). The partnership was recently approved and ratified by ASA’s board of directors.
Frank Mueller Named President of Behr America
Frank Mueller has been named president of Behr America, a leading supplier of automotive air-conditioning and engine-cooling systems. He succeeds Hans-Joachim Lange, who recently announced plans to leave the company.
SEMA To Challenge New Motor Vehicle Lighting Rules
SEMA, the Specialty Equipment Market Association, announced this week that it will formally challenge a recent final interpretation of federal lighting standards issued by the National Highway Traffic Safety Administration (NHTSA). The association said it will utilize all options to fight the rule, including filing a lawsuit in federal court, if necessary.
Final Agreement Between Uni-Select and MAWDI; Jim Buzzard Named Executive Vice President
Uni-Select announced yesterday that, through its subsidiary Uni-Select USA, Inc, it has completed its purchase of all of the stock of Middle Atlantic Warehouse Distributor, Inc. (MAWDI). MAWDI is a warehouse distributor that operates 31 distribution centers and 145 corporate stores in 18 states serving more than 1,500 independent automotive jobbers, in addition to its corporate stores, on the East Coast, Midwest and Southwest regions of the U.S.