IAPA Selects Wrenchead’s Central Suite of Products
Electronic catalog and software solutions provider, Wrenchead, has announced that Independent Auto Parts of America (IAPA) has chosen Wrenchead’s suite of ebusiness solutions to power its members’ e-commerce initiatives. IAPA is one of the nation’s leading program distribution groups. In addition to marketing programs and technology solutions that IAPA provides its members, the group negotiates more than $1 billion worth of auto parts for more than four thousand independent auto parts store members and tech centers each year.
Visteon Presents Summit Award to the GM of Its Shanghai Joint Venture
The general manager of Visteon’s automotive electronics joint venture in Shanghai, China, has been presented with company’s highest form of recognition — a Summit Award — for exceptional accomplishments in 2003. Alfeu Doria, general manager, YanFeng Visteon Electronics, was one of six individuals and teams recognized with Summit Awards by Visteon Chairman and CEO Peter Pestillo and President and COO Michael Johnston.
SEMA Spring Expo Reaches New Level Of Success
Organizers for the 2004 Specialty Equipment Market Association (SEMA) Spring Expo, have reported that this year’s show was the biggest regional show the association has held to date. The Expo took place March 5-6 at the Indiana Convention Center, Indianapolis. A day of seminars preceded the actual exhibit. Although attendance figures have not yet been audited, show organizers said preliminary reports show an increase of approximately 65 percent in buyer attendance, and 30 percent in total attendance from the SEMA Spring Expo in Nashville last February.
Collins & Aikman Ends Inquiry, Shares Rise
Collins & Aikman Corp. on Thursday said it completed an internal accounting inquiry and will not restate previously issued financial statements, sending its shares up 18 percent. The company also said its fourth-quarter loss more than tripled to nearly $10 million. Last August, the Troy, Mich., company said it was investigating business transactions between the company and two of its directors, just days after its CEO resigned.
DST Asks: Can Your Business Measure Return on Customer Investment?
Although most businesses have the means for measuring their Return On Investment, DST has coined the term Return on Customer Investment as a more accurate method of determining profitability of the customer base. Many firms believe that their largest customers, or the ones they have been supplying for the longest time, are the most profitable ones, but access to pertinent data can contradict those assumptions.
Executive Interview with Howard Kesten, President and Founder of Workboards
Our latest edition of “Executive Interview” features Howard Kesten, president and founder of Workboards, which launched the automotive job site, aftermarketJobs.com, in December 2003. A two-time guest speaker at AAPEX, Kesten is also founder and CEO of APA Search, Inc., an executive search and human resources consulting firm serving the automotive industry. In 18 years, he has placed more than 1,600 automotive professionals. Join us as Kesten provides an introduction to aftermarketJobs.com and shares with us his predictions for the future of the aftermarket and the job market.
Class-action Decision Delayed in BAH Hearing; Firestone Recalls Another 297,000 Steeltex Radial A/T tires
An Indio, Calif., hearing to determine if a lawsuit over Bridgestone/Firestone’s Steeltex tire brand should gain class-action status has been postponed until Mar. 17. The hearing was originally scheduled for Feb. 25. California Superior Court Judge Christopher Sheldon delayed the decision, saying he wanted a shorter version of the motion filed by Bridgestone Americas Holding (BAH) opposing class-action certification. In related news, late yesterday afternoon Bridgestone/Firestone North American Tire announced a voluntary safety campaign in the U.S. to replace approximately 297,000 Steeltex Radial A/T tires in size LT265/75R16 LR D (Load Range D) on 2000-2002 and some early 2003 model year Ford Excursions. The company said preliminary data suggests that there could be an issue concerning the performance of these tires. The Wall Street Journal reported Thursday that the new recall was initiated following three fatal crashes that claimed five lives.
ABC, ESPN to Provide Live Coverage of IRL Indycar Series
ESPN and ABC Sports have signed on to be the exclusive carriers of Indy Racing League (IRL) events, providing live television coverage of all 16 IRL IndyCar Series events for the 2004 season.
Treading a New Path
Goodyear Tire & Rubber Co. is hoping to make a huge splash with a new high-end line of all-season tires. The Akron, Ohio-based company will roll out its Assurance line this spring with its biggest advertising blitz in more than a decade. Goodyear is counting on the new tires to help deliver a turnaround after four years of disappointing sales.
Bridgestone Americas’ Lampe To Retire
John Lampe, chairman, CEO and president of Bridgestone Americas Holding, who led the company’s remarkable recovery after devastating tire recalls in late 2000 and early 2001, announced today that he is retiring effective Mar. 31. He will be succeeded as chairman and CEO of BAH by Mark Emkes, currently chairman, CEO and president of Bridgestone/Firestone North American Tire (BFNAT). Lampe announced his retirement this afternoon during a company-wide live Web cast and conference call. In addition, Lampe and Emkes granted Tire Review an exclusive in-depth interview about the retirement and the company’s future plans earlier this morning.