The Week in Review (Aug. 18-22, 2008)
By Amy Antenora The Week in Review offers a snapshot of the most highly read stories of the week as seen on aftermarketNews. To access the complete stories, simply click on the highlighted links. If you missed reading one of our daily news emails, just click on the link that says "News Archives" at the
Larry Samuelson To Speak At CAWA 2008 Annual Dinner Meeting
Larry Samuelson, president of U.S. Automotive Parts Group and CEO UAP Inc., will be the keynote speaker at the California/Nevada/Arizona Automotive Wholesalers’ Association (CAWA) annual dinner. Samuelson started his career with Genuine Parts Co. as an executive trainee in Los Angeles and has risen through the company hierarchy to his current position. "We are so pleased to have someone of Mr. Samuelson’s caliber and position in the aftermarket as this year’s annual dinner speaker," said Rodney Pierini of CAWA. "He follows in the footsteps of other industry leaders who have taken time out of their very busy schedules to address CAWA members, prospective members and friends from throughout the country."
The Week in Review (Aug. 11-15, 2008)
By Amy Antenora The Week in Review offers a snapshot of the most highly read stories of the week as seen on aftermarketNews. To access the complete stories, simply click on the highlighted links. If you missed reading one of our daily news emails, just click on the link that says "News Archives" at the
Telematics: Aftermarket Threat or Opportunity?
There was a time when a “Jetsons”-like future seemed just a fantasy. Today, however, the space-age cartoon isn’t far off the mark, at least when it comes to the automotive industry. We may not be driving around in hovercrafts just yet, but with the latest advances in telematics, it doesn’t seem far-fetched.
Executive Interview with Dan Freeman, APA President and CEO
In this exclusive interview Automotive Parts Associates (APA) President and CEO sits down with aftermarketNews to talk about WD consolidation, what his members are doing to reduce costs and increase efficiency and why global membership is not a priority for APA.
Grant Thornton Report Says Supplier Bankruptcy Risk is High
SOUTHFIELD, Mich. — Lower industry volumes and the massive decline in truck and SUV sales have put as many as one-third of automotive suppliers in North America at risk of bankruptcy, according to the Summer 2008 Automotive Industry Review prepared by Grant Thornton Corporate Advisory and Restructuring Services. At the same time, bankruptcy concerns for
Midas Reports Second Quarter Results; Begins Co-Branding of Midas Services at SpeeDee Shops
Midas has reported net earnings of $2.2 million, or 16 cents per diluted share, for the second quarter ended June 28, compared to $3 million, or 21 cents per diluted share, in 2007. The 2008 results include 3 cents per share of special items relating to business transformation activities and losses on sales of assets, while the 2007 number includes 4 cents per share of special items.
Cash Technologies Subsidiary Recovering Former Champion Customers
LOS ANGELES, Calif. – Following the acquisition of Champion Parts by Cash Technologies subsidiary CPI Holdings on May 5, the company reports that is making progress in recovering former Champion customers. CPI Holdings is now supplying or in agreements to supply four of the top six U.S. automotive parts retailers. This represents an estimated $3.4
Executive Interview with ISN Vice President John Snowden
A supply chain services and business development professional with 20 years of distribution and manufacturing experience, John Snowden joined Integrated Supply Network (ISN) in May 2007, as vice president of operations. After a year spent fine-tuning the company’s distribution process, Snowden is now performing the role of vice president of mobile sales. His mission is to redefine the level of experience that mobile distributors have when purchasing from ISN, bringing customer service and product excellence to the forefront of every interaction. In this exclusive interview, Snowden talks about the changing dynamics of the tool and equipment distribution model.
CRP Appoints Western Regional Sales Manager for Traditional Aftermarket
CARTERET, N.J. – CRP Industries has announced the appointment of Dennis Losey to the position of western regional sales manager, Traditional Aftermarket Business Unit. Founded in 1954 as the North American partner of Continental AG, CRP Automotive supplies ContiTech branded timing belts, timing belt kits and serpentine belts; Pentosin technical automotive fluids; and Rein Automotive