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.
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.
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.
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.
2005 INDY 500 Festival Will ‘Accelerate Your Senses’
Indianapolis Motor Speedway and 500 Festival officials have unveiled the theme for the 89th Indy 500 and the month-long festival that takes place to celebrate this historic race. The theme for the May 2005 Indy 500 Festival is “Accelerate Your Senses.” The “Accelerate Your Senses” theme will be prominent in local and national Indianapolis 500 advertising and promotional materials and 500 Festival event materials. The theme also will be an important part of the many events that take place in Indianapolis during the month of May, leading up to the 2005 Indianapolis 500 on Sunday, May 29.
GM, Ford Part of SEC Review of Pension Accounting
The Securities and Exchange Commission, as part of a broad effort to pre-empt another flurry of Enron-style financial trickery, has asked three automotive companies and three other, unnamed companies how they make certain pension fund calculations. The Securities and Exchange Commission, as part of a broad effort to pre-empt another flurry of Enron-style financial trickery, has asked three automotive companies and three other, unnamed companies how they make certain pension fund calculations.
Workers Sue Oxford on Benefits
Former employees of a closed Indiana auto parts plant are suing a Michigan company and its top executives, accusing them of lying to the government and holding up benefits provided under the North American Free Trade Agreement. More than 300 former employees of Oxford Automotive Inc. are named as plaintiffs in a complaint alleging the Troy, Mich.-based company and nine former and current company officials engaged in fraud and criminal conversion. The case was filed Friday in Marshall Circuit Court.
Visteon Drops Plan to Sell a Factory to Plastech
Visteon Corp., the second-biggest U.S. maker of auto parts, dropped its plan to sell a Chicago factory to Plastech Engineered Products Inc. because the companies couldn’t agree on terms, a Visteon spokesman said. Visteon, based in Van Buren Township, Mich., announced the sale in August as a way to cut costs and help end annual losses after being spun off from Ford in 2000.
Three Join AASA Board
Three automotive aftermarket executives have joined the board of governors of the Automotive Aftermarket Suppliers Association (AASA). AASA is the aftermarket market segment association of the Motor & Equipment Manufacturers Association (MEMA). New board members serving three year terms are: Kevin Baird, CEO, Qualitor Inc., Southfield, Mich.; John Casanova, senior vice president, Remy International, Anderson, Ind.; and John Casanova, senior vice president, Remy International, Anderson, Ind.