Brake Parts Inc. has promoted Nancy Andersen to the newly created position of director of customer relationship management for the under vehicle group. A 25 year veteran of the aftermarket, Andersen has experience in export, customer service, accounting, direct sales and administration in all market segments.
Mitchell 1 has named Jim Silverman regional sales manager (RSM) for the company’s southeast region, which covers Florida, Georgia, Tennessee, Louisiana, Mississippi, Alabama, Arkansas and South Carolina. Previously, Silverman served as an independent sales representative for Mitchell 1 in Nebraska and South Dakota for more than five years, during which...
Snap-on Tools has expanded its partnership with Pedregon Racing, serving as associate sponsor of the Funny Cars of Cruz Pedregon and Tony Pedregon of Pedregon Racing, Troy, Mich. Snap-on began its relationship with Pedregon Racing during Cruz Pedregon's 1992 championship season. The agreement continues Snap-on's sponsorship of Cruz Pedregon, while...
Sen. Lamar Alexander (R-Tenn.) and Rep. Joe Knollenberg (R-Mich.) are the winners of the first-ever Joseph A. Magliochetti Industry Champion Award, which has been established by MEMA to recognize public officials for outstanding leadership on behalf of the automotive supplier industry. The first ever presentation of the award, named in...
Kathleen Schmatz, AAIA president and CEO, and Al Gaspar, president emeritus, addressed a group of 30 Wall Street investors at a luncheon meeting at the Yale Club in New York City last week. The latest statistics and trends on the size, shape and structure of the aftermarket were addressed, as...
Alcoa Inc. has finally found a buyer for its automotive fasteners business, agreeing to sell the unit more than a year after putting it on the block. The Pittsburgh-based company said it would sell the business to a group led by Robert Kaminski for an undisclosed price. Kaminski is the...
Goodyear Tire & Rubber has completed a new $650 million secured term loan that was arranged by JPMorgan and Citigroup. The company said it intends to use approximately $335 million of the proceeds of the loan to partially repay its existing $583 million U.S. term loan. Proceeds will also be...
Speedway Motorsports (SMI) has appointed James Holden, former CEO and president of DaimlerChrysler, to the company's board of directors. Holden recently completed 27 years in the automotive industry including 19 with DaimlerChrysler, and its predecessor, Chrysler Corp. Highlights of his career include being named president of DaimlerChrysler in 1999 and...
LKQ Corp., a nationwide provider of recycled OEM automotive replacement parts, has acquired Global Trade Alliance (GTA), one of the largest suppliers of aftermarket collision automotive replacement parts in the Midwest. GTA operates primarily as Action Crash Parts and Midwest Fender. LKQ paid $30 million for the acquisition, $1.5 million...
Shell Racing Solutions has signed an agreement with Performance Products LLC to distribute Shell Racing Fuels to the U.S. motorsports industry. Performance Products has 15 years of experience in the U.S. race fuels business. Performance Products has serviced professional race series such as Indy Racing League (IRL) and Championship Auto...
