Hayes Lemmerz International Initiates Pre-Negotiated Restructuring for U.S. Operations
Reaches accord with secured creditors; announces DIP facility of up to $100 million and total liquidity of $138 million.
SEMA Seeks Protection for Collector Cars and Parts
Amendments offered as lawmakers finalize vehicle scrappage program.
SKF Recognized by NCMA for its Heavy Duty Online Catalog
The SKF Heavy Duty Online Catalog was awarded the 2008-2009 NCMA President’s Award for Catalog Excellence in the category of “Web Catalog-Most User Friendly.”
Autologue to Donate System Access to Students
Jim Franco, president and CEO of Autologue, is making three of his online management system software products available to aftermarket high school, trade and college students in hopes of furthering education and training.
Legislative Vehicle for Cash for Clunkers Remains Uncertain
The agreed-upon proposal would provide vouchers to Americans for one year to encourage the purchase of about one million cars and trucks and the destruction of a similar number of fuel inefficient older vehicles.
Equipment and Tool Institute Says ToolTech 2009 Was a Success
More than 75 professionals participated in this April’s ToolTech 2009 in San Antonio, Texas.
Intex’s Kenny Ho Appointed to CAWA Board
Ho was appointed by Chairman of the Board, David Finley of Finley Industries.
Maxiforce and AERA Announce the Release of the Failure Analysis Manual
The manual can assist in the identification of engine failures; help machine shop trainees better understand root causes for engine failure; and assist machine shops in warranty claims, potentially saving machine shops money.
GAAS Scholarship Fund Awards 59 Initial Scholarships
More than $10,000 in scholarship donations was received at GAAS 2009 to fund second round of awards.
Maremont Expands Knoxville-Oak Ridge Innovation Valley Facility
The facility just ended a hiring cycle that added 50 new workers and a second shift.