Economist to Discuss Shifting Markets at 2008 GAAS
On May 20, William Strauss, senior economist and economic adviser for the Federal Reserve Bank of Chicago, will present "Will the U.S. and World Economy Shift Forward?" during the 2008 Global Automotive Aftermarket Symposium (GAAS) held at the Hyatt Regency O’Hare in Chicago. Following his appearance at last year’s symposium, Strauss returns to discuss the state and the near-term outlook of the U.S. economy. He will also look further into the health of the automotive sector and the overall global economy.
American Axle Strike Closes GM Plant
From United Press International DETROIT — General Motors Corp. planned to send home workers at a truck plant Thursday in response to a strike at American Axle and Manufacturing Holdings Inc. Five American Axle factories closed Tuesday as 3,600 workers walked away from their jobs. General Motors has a three- or four-month supply of trucks
From Counterman.com: The Top 20 Super Stores of 2007
By Counterman Staff This month, Counterman examines those store groups that made notable acquisitions or changes over the past 12 months. For the complete list of the top 20 store groups in the market, click here. At first glance, Counterman’s Super Stores list might look a lot like last year’s and the year before —
Monroe Brakes Announces National Consumer Rebate Offer on Brake Repairs
MONROE, MI – Tenneco has introduced a national mail-in rebate offer that will enable qualifying consumers to save up to $30 on the installation of Monroe brake pads. Now through May 31, the company’s Monroe Brakes “Spring Brake” promotion will enable consumers to qualify for a $15 mail-in rebate with the purchase of one set
Delphi to Sell Bearings Business
Delphi has entered into a purchase agreement with Kyklos, Inc., a wholly-owned subsidiary of Hephaestus Holdings, Inc., for the sale of its bearings business. The agreement follows Kyklos being declared the successful bidder in an auction conducted as part of a sale process related to Delphi’s Chapter 11 proceedings.
Executive Interview with George Schafer, President of Eastern Catalytic
This week, we hear from George Schafer, president of Eastern Catalytic. He founded the company, first called Eastern Manufacturing Inc., in Langhorne, PA, in 1980. Join us as Schafer shares his thoughts on the potential impact of emissions control legislation on the aftermarket industry as well as some changes in his company’s business strategy.
Ruling Due Tuesday on Plastech-Chrysler Flap
From Detroit Free Press DETROIT — A U.S. bankruptcy judge said that he will rule Tuesday afternoon on a dispute between Chrysler LLC and Plastech Engineered Parts Inc., and he encouraged the two sides to reach a second temporary deal to keep Plastech’s parts flowing to Chrysler plants until then. A temporary deal that has
Chrysler Plastech Dispute to Return to Court
From Detroit Free Press DETROIT — The legal dispute that brought five Chrysler LLC plants to a halt last week returns to court Wednesday. Chrysler and Dearborn, MI-based supplier Plastech Engineered Products Inc. are to argue over whether Chrysler can take back molds and dies that Plastech uses to make parts for nearly all Chrysler’s
Holley Performance Products Files Bankruptcy
Holley Performance Products Inc., a century-old maker of specialty parts for stock-car and drag-racing, filed for bankruptcy, faulting a late 1990s expansion for saddling the company with too much debt. Closely held Holley would be taken over by noteholders owed as much as $145.8 million, according to an outline of a reorganization plan filed today in U.S. Bankruptcy Court in Wilmington, DE. The company, based in Bowling Green, KY, listed debts of $243 million and assets of $106 million as of Jan. 28.
The Week in Review (Feb. 4-8, 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, click on any of the dates listed at the bottom of