Standard Motor Products Announces Stock Repurchase Program and New Director
Standard Motor Products, Inc., an automotive replacement parts manufacturer and distributor, has announced that its board of directors has authorized a $3.3 million increase in the company’s stock repurchase program. The program is in addition to the company’s existing stock repurchase program, under which the company recently repurchased approximately $1.7 million of stock. In addition, Standard Motor Products has announced Pamela Forbes Lieberman has been appointed as an independent director to the company’s board of directors, effective Aug. 15.
Car Care Council Reports that Media Coverage of ‘Be Car Care Aware’ Campaign Increased Dramatically in 2006
The Car Care Council is reporting a dramatic increase in the number of stories and interviews that occurred during the past year as a result of Car Care Council public and media relations outreach.
Nearly One Million Copies of the Car Care Guide Now in Circulation
Nearly one million copies of the new Car Care Guide have been distributed to motorists, repair shops, retailers, groups, distributors and manufacturers since its introduction earlier this year. The guide, by the Car Care Council, has generated widespread publicity in the consumer media.
Industry Abuzz as Auto Minds Meet
If the atmosphere in Detroit seems especially thick Friday, for once it won’t be the humidity. It will be the high-pressure impact of two great forces — one sweeping in from Europe, the other fixed in Michigan — which could shake the automotive industry from Japan to Detroit. Rick Wagoner, the head of General Motors Corp., is scheduled that day to meet with Carlos Ghosn, the head of both Nissan and Renault, to discuss a possible GM-Renault-Nissan alliance at the suggestion of GM investor Kirk Kerkorian.
ClassicCar.com Retains Media Management Marketing to Handle Public Relations and Marketing Efforts
ClassicCar.com, company owned by Spider Marketing, LLC, has retained Media Management Marketing (MMM) to handle its public relations and marketing efforts. Spider Marketing, LLC is a web hosting, management and development company, providing a full range of services for companies looking to maintain a strong presence online. Its property, ClassicCar.com, is a comprehensive resource for classic and collector car enthusiasts.
Federal Reserve Bank’s Michael Cox to Discuss Global Economics at 2006 Aftermarket Symposium
Michael Cox, senior vice president and chief economist of the Federal Reserve Bank of Dallas, will discuss global economics as a keynote presenter on Wednesday, May 17, at the 11th annual Global Automotive Aftermarket Symposium (GAAS). GAAS 2006 is set for Wednesday and Thursday, May 17-18, at the Hyatt Regency, Dearborn, MI.
Bosch Marks 100 Years in U.S.
Robert Bosch Corp. is celebrating its first 100 years in the U.S. With its high-voltage magneto ignition system for cars, Bosch entered the U.S. market in 1906 and helped pave the way for reliable motorization, according to David Coolidge, president of Bosch’s North American Aftermarket Division. Forbes magazine recently recognized that spirit of innovation and featured the leading auto part manufacturer in its Nov. 28, 2005 issue.
P&G Exec Leaves Goodyear Board
Susan Arnold, vice chair for global beauty care at Procter & Gamble, is leaving the board of directors of Goodyear Tire & Rubber Co.
P&G Exec Leaves Goodyear Board
Susan Arnold, vice chair for global beauty care at Procter & Gamble, is leaving the board of directors of Goodyear Tire & Rubber Co.
Speedway CEO Gets $1 Million
Speedway Motorsports CEO Bruton Smith, who makes regular appearances on the Forbes magazine list of billionaires, now has another $1 million to his name. Smith earned a $1 million cash bonus for helping Speedway Motorsports Inc. exceed earnings expectations. Smith is also CEO of Fortune 500 auto dealership chain Sonic Automotive Corp.