SEMA’s National Education Conference to Offer Strategies for Improving Your Business
The SEMA National Education Conference is scheduled for April 15-17 at the Opryland Hotel in Nashville, TN. Featuring proven business leaders, the three-day education conference will allow SEMA industry executives to take home new ideas, strategies and greater motivation for working more efficiently and effectively. This is the only SEMA event dedicated solely to education.
AAIA Publishes Financial Benchmarks Report for Aftermarket Distributors
Detailed financial results of distribution firms provide comprehensive guidelines for analyzing profitability among motor vehicle aftermarket companies, are featured in the 2005 edition of Financial Benchmarks for Success: A Survey of Aftermarket Distributors, published by the Automotive Aftermarket Industry Association (AAIA).
International Truck and Engine To Manufacture Trucks and Buses in India in Joint Venture
Navistar International’s operating company, International Truck and Engine Corp., said this week it intends to enter into a joint venture with Mahindra & Mahindra (M&M) of India to produce and market light, medium and heavy commercial vehicles for India and export markets.
Price Drives Options When Consumers Face Engine Problems, According to AAIA
A new report from the Automotive Aftermarket Industry Association (AAIA) shows that when faced with major engine problems, price was the most frequently cited factor for consumers when deciding whether to install a new, used or remanufactured engine into their vehicles.
Cummins Mourns the Loss of Former Chairman and CEO J. Irwin Miller
Cummins Inc. has issued a statement mourning the death of Joseph Irwin Miller, who died this week at the age of 95. Miller was born in Columbus, Ind. in 1909. J. Irwin Miller built Cummins from a family business into a Fortune 500 company with more than 25,000 employees in 131 countries and more than $6 billion in annual sales. He is credited for transforming his hometown of Columbus, Ind., into a city of architectural wonders, earning it the nickname the Athens of the Prairie. The company said he will be eulogized as a great business leader, social activist and philanthropist whose influence will continue well into the 21st century.
Car Care Council Women’s Board Announces Record Attendance
The Car Care Council Women’s Board (WB) set a record for attendance at its annual summer meeting held recently in Toronto, Ontario, Canada. The day and a half meeting featured speakers and strategic planning geared toward consumer education and automotive careers for women.
Goodyear to Complete Purchase of Slovenia’s Sava Tires
In a move to further strengthen its position in the central and eastern European market, Goodyear Tire & Rubber is acquiring the remainder of Sava Tires d.o.o., a joint venture tire manufacturing company located in Kranj, Slovenia. In 1998, Goodyear acquired a 60 percent stake in the Sava Tires joint venture. In 2002, the company bought an additional 20 percent . Goodyear will exercise its call option and purchase the remaining 20 percent of Sava Tires owned by Slovenia’s Sava d.d. for approximately $52 million.