Looking Forward and Back: Executive Interview with Dick Morgan, President and CEO, Aftermarket Auto Parts Alliance
Aftermarket Auto Parts Alliance is celebrating its 30th anniversary this year. Alliance President and CEO Dick Morgan talked with aftermarketNews.com about this important milestone while attending the recent Global Automotive Aftermarket Symposium in Chicago. Join us as Morgan looks back at the evolution of the group and also tells us what lies ahead for the Alliance and the industry as a whole.
Dayco Celebrates Its First Hundred Years
With its celebration slogan “Continuing the Legacy,” Dayco Products, LLC is celebrating its 100th year as a company. In these days of corporate buy-outs and mergers, Dayco has maintained its identity, and in some ways returned to its early roots, to become a highly-respected, worldwide manufacturer of belts, hose, tensioners and related parts for the automotive original equipment and replacement markets. The legacy it celebrates is one of a strong company that has a reputation for an insatiable craving to develop new products, improve established products and increase manufacturing efficiencies.
Executive Interview: Bill Maggs and Michael Mitchell Talk About the Recent Merger of Pronto and RPM
Following on the heels of RPM Group’s merger with Pronto, Mitchell and Maggs sat down for a phone interview with aftermarketNews. The two men gave us the scoop on what changes are on the horizon for the newly merged group as well as their thoughts on the future of programmed distribution.
Executive Interview: Bill Maggs and Michael Mitchell Talk About the Recent Merger of Pronto and RPM
Following on the heels of RPM Group’s merger with Pronto, Mike Mitchell and Bill Maggs sat down for a phone interview with aftermarketNews. The two men gave us the scoop on what changes are on the horizon for the newly merged group as well as their thoughts on the future of programmed distribution.
Executive Interview: Bill Maggs and Michael Mitchell Talk About the Recent Merger of Pronto and RPM
Following on the heels of RPM Group’s merger with Pronto, Mike Mitchell and Bill Maggs sat down for a phone interview with aftermarketNews. The two men gave us the scoop on what changes are on the horizon for the newly merged group as well as their thoughts on the future of programmed distribution.
Intermet to Close Decatur, Illinois, Foundry
Intermet Corp. announced late yesterday plans to close its ductile-iron foundry in Decatur, Ill. The company said it intends to meet with Local 6-728 of the Paper, Allied-Industrial, Chemical & Energy Workers International Union, which represents hourly employees at the plant, to discuss the closure. Local officials of the city of Decatur were notified yesterday of the company’s plans to close the plant.
Delphi Collaborates with Activant on Delivery of ACES-Compliant Parts Data to Distributors, Jobbers
Delphi has collaborated with Activant Solutions to accelerate delivery of its parts data to North American automotive counter positions using a variety of electronic catalogs. Activant also helped Delphi to achieve compliance with the industry’s new ACES enhanced data delivery format by optimizing information workflow and reducing the time it takes to publish.
Ford Deal to Save Visteon $390 Million
After more than six months of negotiations, Visteon Corp. has reached a partial agreement with former parent Ford Motor Co. that will save the struggling parts-maker at least $390 million in 2005. Ford agreed to buy some equipment for Visteon, pick up almost one-fourth of the cost of UAW members’ wages and pay for parts more quickly. Visteon agreed to “continue uninterrupted supply to Ford and to comply with contractual agreements with Ford and the UAW,” according to a company statement. The deal took effect Thursday, Ford said.
AutoZone Honored for Leadership in Corporate Ethics
AutoZone is being recognized for its strong corporate ethics. The Armstrong Allen law firm and The Economic Club of Memphis are presenting AutoZone with the very first Walter P. Armstrong, Jr. Award for Leadership in Corporate Ethics.
Eaton Reports Fourth Quarter Net Income of $1.16 Per Share
Diversified industrial manufacturer Eaton Corp. has announced net income of $1.16 per share for the fourth quarter of 2004, an increase of 61 percent over fourth quarter 2003 net income per share of 72 cents. Sales for the quarter were $2.63 billion, 26 percent above the same period in 2003, a quarterly record for the company. Net income was $183 million compared to $114 million in 2003, an increase of 61 percent.