Midas Reports Third Quarter Net Earnings of $3 Million
Midas has reported net earnings of $3 million, or 21 cents per diluted share, for the third quarter ended Sept. 29, compared to net earnings of $2.4 million, or 16 cents per diluted share, in the prior year. Third quarter results in both years included special items of 2 cents per share, primarily consisting of business transformation charges related to the continuing shop re-imaging program.
The Evolution of Aftermarket Product Lines, Part Three: Questions and Answers
Technology and the global economy is forcing some in the industry to ask some fundamental questions about the way suppliers and distributors address the products they make, buy and sell. Today, in part three of a five-part series, Dave Caracci takes an honest look at some of these questions and offers some possible answers.
Northwood University to Honor Seven Aftermarket Professionals
Northwood University will honor seven automotive aftermarket leaders with its annual Automotive Aftermarket Education Award on Tuesday, Oct. 30 at the Venetian Hotel in Las Vegas. The awards will be presented during a luncheon at the annual Automotive Aftermarket Products Expo Show (AAPEX). Northwood’s Automotive Aftermarket Education Award recognizes leaders for their contributions to the educational process in the automotive aftermarket field. The award was created to insure that these individuals receive national recognition for their efforts to improve education inside and outside the industry.
Executive Interview with Steve Seabourne, President of AIM
Steve Seabourne is president and CEO of AIM. Seabourne has more than 30 years of experience with AIM. For the past five years, he has had overall responsibility for the company as president. Seabourne has hands-on manufacturing expertise with active participation in all aspects of the business from teardown and assembly to purchasing, marketing, cataloging and sales. He is a double major graduate of the University of California at Davis with a B.S. in biological sciences and a B.A. in economics. In this week’s Executive Interview, Seabourne brings us up to speed on the latest initiatives at AIM, as the company celebrates its 40th anniversary.
The Week in Review (Oct. 1-5, 2007)
by Amy Antenora The Week in Review offers a snapshot of the most 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 the
The Week in Review (Sept. 24-28, 2007)
by Amy Antenora The Week in Review offers a snapshot of the most 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 the
UAW, GM Reach Deal
The United Auto Workers and General Motors Corp. agreed today to a tentative contract that ends a two-day national strike — the first against the automaker in 37 years — and puts responsibility for retirees’ health care into the union’s hands. The deal creates a GM-funded, UAW-run trust to administer retiree health care.
Dana Gets New Offer for Bankruptcy Exit
Appaloosa Management, the largest shareholder in Dana Corp., has made an offer to finance the auto-parts company’s exit from bankruptcy, competing with a bid from Centerbridge Capital Partners. The proposal from Appaloosa, a private equity firm based in Chatham, NJ, will be reviewed this week by Dana’s creditors committee, Chuck Hartlage, a spokesman for the maker of automotive frames and axles, said Friday.
AAIA to Offer More Education at AAPEX
In response to requests from members for more educational opportunities, the Automotive Aftermarket Industry Association (AAIA) is hosting a variety of value-added seminars at this year’s Automotive Aftermarket Products Expo (AAPEX). AAPEX 2007 is scheduled for Oct. 30-Nov. 1 at the Sands Expo Center in Las Vegas.
The Week in Review (Sept. 10-14, 2007)
by Arianne Anderson The Week in Review offers a snapshot of the most 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 the