Nominations Now Open for MEMA’s Prestigious Triangle Award
RESEARCH TRIANGLE PARK, N.C. – The Motor & Equipment Manufacturers Association (MEMA) has opened nominations for its coveted Triangle Award, the association’s most prestigious award. The deadline for nominations is Friday, Sept. 12. Nominations can be made online at the MEMA Web site, www.mema.org, by clicking on the Triangle Award banner. For more than 30
Delphi Turnaround Plan Will Take Time Says Miller
Delphi Corp. Executive Chairman Steve Miller says the auto parts maker’s turnaround plan is generating $20 billion to $30 billion per year in new business that will be an engine of growth for the company when it exits bankruptcy protection. Leaving Chapter 11 will take more time, however. In the face of declining U.S. auto sales, tight capital markets have made investors wary about the Troy, Mich.-based company, making it difficult to pull together the financing it needs.
Ford Completes Sale of Glass Business
From AFX News Limited DEARBORN, Mich. — Ford Motor Co. says it’s completing the sale of its automotive and architectural glass business to Tulsa, Okla., investor Robert Price. The sale price hasn’t been disclosed. The operation is part of Automotive Components Holdings (ACH), which Ford created in 2005 to manage 17 plants that Ford reacquired
From Counterman.com: It’s Not Just Software Anymore
Business management systems simplify ordering, parts research and invoicing process for customers. If you’re not using it, what’s your solution?
OBITUARY: AIM Inc. Founder Tom Clayton
Thomas "Tom" Craig Clayton, 57, Cartersville, Va., died April 6, after a long, hard-fought and brave battle with cancer. Tom worked in the automotive parts business for his entire professional career, starting in 1973 with the ACDelco division of General Motors. In 1990 Tom founded AIM Inc., where he served as president until 2008. He built the business from its inception into a nationwide automotive parts buying group.
The Week in Review (April 7-11, 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
U.S. Carmakers Are Adopting Simplicity as a Path to Recovery
Henry Ford, who created the automotive industry’s first mass-market hit with the Model T a century ago, was a proponent of radical simplicity. In fact, Ford became famous for saying his customers could have the $825 Model T in any color — so long as it was black. Since the first Model T appeared in 1908, Ford’s vision of top-down efficiency has been swamped by thousands of feature and color combinations on new cars, trucks and sport utility vehicles. A result, executives say, has been higher production and inventory costs and headaches for customers and dealers in sorting through a complex matrix of choices. Ford Motor and the other U.S. automakers are now going back to black, embracing the spirit of Ford’s notion in response to mounting losses and the risk of a deeper downturn in the United States in 2008.
GAAS Approved for University of the Aftermarket AAP and MAAP Credits
The upcoming Global Automotive Aftermarket Symposium (GAAS) has been approved for continuing education credits (CEU) by Northwood University’s University of the Aftermarket. The Symposium is scheduled for Tuesday and Wednesday May 20-21, at the Hyatt Regency O’Hare in Chicago. GAAS attendees will earn 1.0 CEUs toward the Automotive Aftermarket Professional (AAP) or Master Automotive Aftermarket Professional (MAAP) certifications.
American Axle Strike Tips U.S. Nearer Recession as GM, Suppliers Idle Workers
At the beginning of this year, it seemed like Detroit’s great labor battles were over, after industry-changing deals at the Detroit automakers and the likes of parts giant Delphi Corp. But now, as the UAW strike against American Axle & Manufacturing moves through its second month with no end in sight — talks have been sparse with little progress made on key issues — the auto industry’s latest labor dispute has become about more than wage and benefit cuts for a few thousand workers.
Fotios Katsardis to Discuss European Aftermarket at GAAS 2008
RESEARCH TRIANGLE PARK, N.C. – Fotios Katsardis, managing director, TEMOT International Autoparts GmbH, will present "Opportunities in the Changing European Aftermarket" at the 2008 Global Automotive Aftermarket Symposium (GAAS) on Tuesday, May 20, at the Hyatt Regency O’Hare in Chicago. Katsardis, the head of Europe’s largest aftermarket parts program group, will provide a brief overview