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PPG’s First Quarter Sales Increase 41 Percent, Setting All-Time Record

PPG Industries has reported record sales of $3.7 billion for the first quarter, surpassing the prior year’s first quarter results by 41 percent. First quarter net income was $100 million, or 61 cents per share, comprising net income from continuing operations of $87 million, or 53 cents per share, and income from discontinued operations, net of tax, of $13 million, or 8 cents per share.

MAHLE Clevite Expands Grassroots Racing Outreach with Sponsorship of NASCAR Corona Series

ANN ARBOR, Mich. – To further expand its reach into grassroots racing, MAHLE Clevite has announced its sponsorship of the NASCAR Corona Series. The three-year sponsorship agreement for the NASCAR series in Mexico will last until 2010. “Our new agreement to sponsor Mexico’s most important stock car racing series not only supports our existing relationship

Honeywell Transportation Systems Forms New Friction Materials Unit

Honeywell Transportation Systems has announced plans to operate its global friction business as its own strategic business unit. The move was made in an effort to provide greater value to its customers and strengthen its capabilities, according to the company. The decision to separate the Friction Materials business from Honeywell’s Consumer Products Group business unit was the result of an assessment that included more than 120 “Voice of Customer” interviews and direct feedback from suppliers and channel partners.

Delphi Turnaround Plan Will Take Time Says Miller

Delphi Corp. Executive Chairman Steve Miller says the auto parts maker’s turnaround plan is generating $20 billion to $30 billion per year in new business that will be an engine of growth for the company when it exits bankruptcy protection. Leaving Chapter 11 will take more time, however. In the face of declining U.S. auto sales, tight capital markets have made investors wary about the Troy, Mich.-based company, making it difficult to pull together the financing it needs.

CCAR Names Daren Fristoe as Chief Marketing Officer

OVERLAND PARK, Kan. – The Coordinating Committee for Automotive Repair (CCAR) has announced the addition of Daren Fristoe to its staff as chief marketing officer. In his new position, Fristoe will be responsible for the creation and execution of marketing planning, relationship building and expanding the opportunities for CCAR’s existing and future product and service

VIDEO FEATURE: LDN Fun Run Raises $6,000 for GAAS Scholarships

A record number of aftermarket execs laced up their running shoes for a worthy cause last week. The Leadership Development Network (LDN) hosted its annual Fun Run benefit during the Automotive Aftermarket Industry Association (AAIA) Spring Leadership Days, which took place April 9-11 in Bonita Springs, Florida. While in Bonita Springs, aftermarketNews Editor Amy Antenora talked with LDN Chairman Jason Porrini about the history of the Fun Run, as well as his own experiences as one of the first participants in LDN’s Next Generation Club program.

Sam Malatesta to Moderate Body Shop Panel at 2008 PBES Spring Conference

BETHESDA, Md. – Sam Malatesta, president of Malatesta Capital Corp. in Toronto, Ontario, Canada, will moderate the Body Shop Panel at the 2008 Paint, Body and Equipment Specialists (PBES) Spring Conference, May 12-14, at the Embassy Suites Hotel Phoenix-Scottsdale in Phoenix, Ariz. Malatesta will be sponsored by BASF Automotive Refinish Solutions. Malatesta is a leading

Executive Interview with Chris Ferraro, President, CEO and Co-Founder of Voodoo Ride

Christopher Ferraro is president and CEO of vehicle appearance products company Voodoo Ride, which he co-founded last year with Dale Earnhardt, Jr. Ferraro brings experience in the appearance p rod ucts category to the company, having served as president/CEO of VentureBrands, LLC, a marine and automotive surface care company. Join us as Ferraro shares how he came to found the car care products company with racing star Earnhardt, and what he thinks makes Voodoo Ride stand out from the crowd.

Hundreds Turn Out for AAIA Spring Leadership Days

Despite the travel hurdles many faced last week as American Airlines cancelled hundreds of flights, roughly 400 aftermarket executives turned out to participate in the Automotive Aftermarket Industry Association’s (AAIA) Spring Leadership Days. The biannual gathering of AAIA leadership and industry volunteers took place April 9-11 in Bonita Springs, Fla. In addition to the more than 25 AAIA market segment and committee meetings that took place during the event, the association held its annual Volunteer Recognition Luncheon and State of the Association address on Thursday, during which Jerry O’Pry kicked off his term as chairman of the AAIA Board of Directors for 2008-2009.

CCC Information Services, Mitchell International to Merge

CCC Information Services Inc., of Chicago , Ill. , and Mitchell International, Inc., of San Diego , Calif. , have signed a definitive agreement under which they will combine in a merger-of-equals transaction valued at $1.4 billion. CCC and Mitchell are each privately held. The combined enterprise, which will be known as CCC-Mitchell Inc., will be a leading provider of information, workflow management systems and integrated software to insurance companies and collision repair facilities.