AAMCO Founder Robert Morgan Dies
Robert Morgan, 87, chairman and founder of AAMCO Transmissions Inc., died Feb. 11, at his home in Gladwyne, Pa. Morgan redefined the automotive repair industry in 1963 with the founding of AAMCO, the world’s largest transmission specialist. At that time, franchises were few in number, as were automotive aftermarket specialists, which were only beginning to emerge.
Motorists Want More Safety Features, Less Frill, Research Finds
Automotive manufacturers, while pushing hi-tech frills, are not meeting customers’ needs for safety related features, according to consumer opinion research.
Metaldyne Launches Internal Inquiry
Auto supplier Metaldyne Corp. has launched an internal investigation into questionable accounting practices for the last seven years that could have resulted in overstating the company’s earnings by $20 million. The error was followed by a cover-up to balance the books, the company said.