Aero Performance Products Announces New Regional Warehouse Distributor
SOUTH JORDAN, UT — Aero Performance Products has established a relationship with Henschel and Sons Automotive Warehouse to serve as a regional distributor for its products. Henschel and Sons distributes to all or parts of Pennsylvania, Ohio, Michigan, Indiana, Virginia, West Virginia, Maryland, Washington, DC, Delaware, and western New York. Henschel and Sons is headquartered
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.
Delphi Bankruptcy Exit on Hold
Delphi asked for an extension of bankruptcy protection Friday as the auto parts maker struggles to find loans in an inhospitable credit market. Delphi, seeking $6.1 billion in loans as credit markets seize up, has asked for a two-month extension. It said earlier that it planned to emerge from Chapter 11 court protection at the end of March.
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.
Register Now for Aftermarket’s Premier Conference and Save $200
RESEARCH TRIANGLE PARK, NC – By registering now, attendees at the 2008 Global Automotive Aftermarket Symposium (GAAS) program can hear an exciting lineup of speakers and industry leaders as they discuss "Shift Forward" at a $200 savings. The event will take place Tuesday, May 20, and Wednesday, May 21, at the Hyatt Regency O’Hare in
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.
Delphi Bankruptcy Exit in Jeopardy
A plan by auto parts supplier Delphi Corp. to exit bankruptcy by the end of next month is in jeopardy as it struggles to get $6.1 billion in loans in the tight credit market. If the company does not secure the exit financing it needs by the end of March, equity investors led by hedge fund Appaloosa Management LP could abandon a deal to invest as much as $2.55 billion. The deal is crucial to Delphi’s ability to emerge from Chapter 11 protection.
David O’Reilly Honored with MEMA’s Triangle Award
David O’Reilly, chairman of O’Reilly Automotive Inc., was presented the prestigious Triangle Award by the Motor & Equipment Manufacturers Association (MEMA) during the O’Reilly Auto Parts National Sales Conference on Feb. 11, in Dallas, TX. For more than 30 years, the MEMA Triangle Award has been presented periodically to that person, persons or organization whom the association’s members choose to honor for selfless contribution to the automotive industry.
Speaker Line-up Announced for AASA Vision Conference
The Automotive Aftermarket Suppliers Association (AASA) has announced a stellar line-up of speakers and presentations for its Vision Conference 2008, which begins Friday, Feb. 29, and concludes on Saturday, March 1, at the Swan and Dolphin Resort, Orlando, FL.
Polk Inventory Efficiency Award Goes Global
R. L. Polk & Co. is inviting all aftermarket organizations to apply for the 2008 Polk Inventory Efficiency Award. The Polk Inventory Efficiency Award recognizes and rewards outstanding process improvements relative to inventory efficiency in the automotive aftermarket. The purpose of this award is to educate, inspire and motivate the industry to address one of the largest problems it faces. To win, the initiative must pertain to a project within any global operations. Eligible projects must also have been implemented within the past 30 months; have a measurable business impact; be innovative; and improve processes and/or collaboration.