Automotive Electric Distributors Joins Federated
STAUNTON, Va. – Federated Auto Parts has announced the addition of Automotive Electric Distributors (AED) of Portland, Ore., as its newest member. “We are delighted to have a quality organization such as AED join our group,” said Rusty Bishop, CEO of Federated Auto Parts. “This addition continues the Federated strategy of aligning with the top
CLARCOR Net Sales Increase 16 Percent, Operating Profit Up 18 Percent
CLARCOR, manufacturer of Hastings, Baldwin and Clark filters, has reported that its third quarter 2008 net sales increased by 16 percent and operating profit increased by 18 percent, compared to the same quarter in 2007. Earnings before income taxes were 14 percent higher than in the third quarter of 2007. Operating margins improved to 14.8 percent for the 2008 third quarter compared to 14.5 percent in last year’s third quarter.
GAAS Video Feature: Talking with the Winners of This Year’s Polk Inventory Efficiency Awards
R. L. Polk & Co. yesterday presented the 2008 Polk Inventory Efficiency Awards during the Global Automotive Aftermarket Symposium (GAAS) held at the Hyatt Regency O’Hare in Chicago. The Polk Inventory Efficiency Award recognizes and rewards outstanding aftermarket companies for process improvements relative to inventory efficiency. Awards were presented for excellence in two categories: Retailer/Distributor and Manufacturer. The editorial staff of aftermarketNews conducted live video interviews with this year’s winners, Hastings Manufacturing Co. and VIP Parts, Tires & Service.
Auto Repair Race Nets College Cash: Students Use Technical Finesse in Competition
One hundred high school students raced Tuesday to repair identically bugged 2007 Ford Fusions, with problems ranging from brake light malfunctions to faulty sensors, in hopes of winning college scholarships. Fifty two-person teams toiled under the sun on the lawn of Ford’s World Headquarters in Dearborn , MI , using computer diagnostic equipment to repair the cars. The Ford/AAA Student Auto Skills competition drew a surprise visit from Ford Motor Co. CEO Alan Mulally, who excitedly told spectators and competitors that it is important for people to pursue careers in the automotive service industry.
Federated Recognizes Outstanding Supplier Support in Six Categories
STAUNTON, VA – Federated Auto Parts presented vendors of the year awards to companies who achieved exceptional success in six categories in 2006. The awards were presented at Federated’s annual meeting held in San Diego April 25-28. “Federated honors several companies who achieve excellence in categories that our members feel are essential to their overall
Delphi, GM, UAW Agree on Buyouts; Deal Also Would Expand Early Retirement Offer
Delphi Corp. said Friday it has reached a deal with the United Auto Workers and General Motors Corp. to offer buyouts to hourly employees who aren’t eligible for early retirement. The automotive parts supplier said it also was expanding its previously announced early retirement incentives to include more workers.
Federated Inducts Two Members into the Federated Vendor Hall of Fame
Federated Auto Parts recognized two Hall of Fame inductees at its annual meeting in Orlando, FL, according to Mike Schultz, president of Federated Auto Parts. “Each year Federated selects an outstanding individual to be part of the Federated Hall of Fame. This year, we are proud to include two outstanding individuals: Matt Forner of Grote (2004) and Frank Doria of USA Industries (2005),” said Schultz. “Matt and Frank have been tremendously dedicated suppliers and friends to Federated, and we want to honor them for their service.”
Federated Presents Vendor of the Year Awards
Federated Auto Parts presented its Vendor of the Year Awards for 2005 at its recent annual meeting in Orlando, FL. Federated selected Hastings Filters as its Outstanding Vendor of the Year. Additional Vendor of the Year awards were presented to Grote, Dayco and BWD – Standard Motor Products.
MEMA Honors Long-time Members
The Motor & Equipment Manufacturers Association (MEMA) this week honored 14 companies marking membership anniversaries from 25 to 65 years. The members were recognized at the Automotive Aftermarket Suppliers Association (AASA) Executive Reception on Oct. 31 at the Automotive Aftermarket Products Expo (AAPEX) in Las Vegas, and with displays in the AASA Business/Meetings Center, Rooms 104-106 of the Sands Expo Center.
O2Diesel Corporation Appoints David Shipman as CFO
Fuel developer O2Diesel Corporation has announced that David Shipman will joint the company as its CFO on a full-time basis. Shipman, a CPA, has a M.B.A., finance from the Wharton School, a B.A. in English from Trinity College and a M.S.in Communications and Psychology from Boston University.