BorgWarner Profits Up
BorgWarner Inc., the largest maker of automatic-transmission parts for vehicles, said fourth-quarter profit rose to $50 million. BorgWarner Inc., the largest maker of automatic-transmission parts for vehicles, said fourth-quarter profit rose to $50 million.
Three More Speakers Added to Manufacturers’ Rep Conference
Three more manufacturers have agreed to participate on the Town Hall Panel taking place at the Manufacturers’ Rep Conference on May 16-17 in Chicago, Ill. Larry Easterlin of Technical Chemical Co., Mike Mayer of Master Lock Co.; and Charlie Walker from Gates Rubber/Stant will discuss pressing issues, along with Bill Lorenz from Siskel Sales Co. and Bob Knight from PSKB Inc.
David Dobson Joins Alcoa as President of Its Engineered Products Business
David Dobson has been named president of Alcoa Engineered Products, the Alcoa business which supplies extruded aluminum products to customers worldwide in a variety of industries, including automotive and commercial transportation.
GAAS Fund Organizers Announce $50,000 GAAS Scholarship Challenge
An anonymous donor has issued a $50,000 fund raising challenge for the Global Automotive Aftermarket Symposium (GAAS) scholarship program, awarded to students planning aftermarket careers. The “$50,000 GAAS Scholarship Challenge” was initiated after the donor committed to donate up to $10,000 to the Global Scholarship fund in 2004 and will match 25 percent of all other donations to the fund up to a matching amount of $10,000. The challenge campaign aims to net the fund a total of $50,000 in donations. Delphi Corp. has made the first challenge donation of $3,000.
BorgWarner Announces 40 Percent Increase to Quarterly Dividend
The board of directors of BorgWarner has declared a quarterly dividend of $0.25 per share on all of the company’s issued and outstanding common stock. The dividend has been increased by 40 percent over the previous dividend amount.
Deadline for 2004 GAAS Scholarship Is March 31; Applications Available Online
The deadline to apply for a Global Automotive Aftermarket Symposium (GAAS) scholarship – awarded to students planning an aftermarket career – is Wednesday, March 31. The scholarships are available to students in two-year technical college programs and vocational schools and four-year college programs.
Manufacturers’ Rep Conference Slated to Take Place in Conjunction with GAAS
AAIA has announced details of its upcoming Manufacturer’s Representative Conference, which takes place in conjunction with the 2004 Global Automotive Aftermarket Symposium. The conference, slated for May 16-17 at the Hyatt Regency O’Hare in Chicago, Ill., will address “Industry Partnerships – Developing Strategies for a Profitable Future.” Parts Plus President Mike Lambert is among a number of industry experts scheduled to speak at the event.
Learn How to Work Leaner, Faster, Better at GAAS 2004
Early registrants for the ninth annual Global Automotive Aftermarket Symposium (GAAS) program will learn how the aftermarket will work leaner, faster and better at a substantial savings. GAAS 2004 is set for Tuesday and Wednesday, May 18-19, at the Hyatt Regency, Chicago, Ill. Dr. Jeffrey Rosensweig, economist and professor at Emory University, heads the lineup of speakers at GAAS 2004. NASCAR Driver Bill Lester is the featured lunch speaker on Tuesday, May 18. GAAS 2004 will also include two pre-conference events: the 2004 Manufacturers’ Reps Conference on Sunday and Monday, May 16-17, and the University of the Aftermarket Pre-Symposium Seminar on Monday, May 17, “How to Accelerate Your Sales Growth through Increased Customer Loyalty.”
George Dettloff Appointed President of SKF’s North American Automotive Division
Chicago Rawhide Americas President George Dettloff has been appointed president of SKF’s North American Automotive Division, which manufactures seals and bearings for the automotive industry. In his new position, Detloff will oversee all of the division’s North American original equipment and aftermarket operations, including financial, sales, marketing, engineering and manufacturing. He assumes these new responsibilities in addition to his current position as president.
TIA Consolidates, Maryland Office Becomes New HQ
The Tire Industry Association (TIA) will consolidate all of its offices in Bowie, Md., as of Feb. 1. TIA’s operations in Kentucky will be relocated and the building will be put up for sale. TIA said this decision comes after months of in-depth analysis into the cost-effectiveness of operating two offices in different states. Two members of the Louisville staff, Senior Vice President of Education and Technical Services Kevin Rohlwing and Director of Training Chris Marnett, will be moving to the Maryland office.