China Agrees to Remove Certain Export Subsidies
Bowing to American pressure on the eve of high-level talks to reduce economic tensions, China agreed Thursday to terminate a dozen different subsidies and tax rebates that promote its own exports and discourage imports of steel, wood products, information technology and other goods.
Auto Value/Bumper to Bumper Races into Fourth Year of NASCAR Sponsorship
Marking its fourth season of sponsorship, Auto Value/Bumper to Bumper has contracted with Gillett Evernham Motorsports as the primary sponsor for six 2008 NASCAR races. The partnership includes the entire Gillett Evernham family of drivers including Kasey Kahne and the legendary Ray Evernham. Auto Value/Bumper to Bumper will be an associate sponsor of the Gillett Evernham Dodges for all other Sprint Cup and Nationwide Series races in 2008 and will receive branding on Gillett Evernham team uniforms, team haulers and pit equipment.
MPA Announces Strong Second Quarter Fiscal 2008 Results
Motorcar Parts of America, Inc. (MPA) has announced its financial results for the quarter ended Sept. 30. Net sales for the quarter ending Sept. 30, were $33.8 million, down 23.4 percent from $44.2 million in the second quarter of fiscal 2007. The decrease in net sales was primarily due to the termination of the pay-on-scan (POS) arrangement with the company’s largest customer in the year ago period, which increased net sales by $11.7 million. Excluding the impact of the termination of the POS arrangement, net sales increased 4.3 percent in the second quarter of fiscal 2008.
The Evolution of Aftermarket Product Lines, Part Five: Offshoring’s Dangerous Side
While there are certainly many benefits to sourcing aftermarket products from lower cost countries, there are also numerous pitfalls that should be identified and considered before simply jumping on this latest trend.
ArvinMeritor Recognized for Women’s Leadership Programs
TROY, MI — ArvinMeritor has become the first company from the automotive manufacturing industry sector to be classified as a "Most Valuable Player" (MVP), according to the 2007 Women’s Leadership Index (WLI). To achieve elite MVP status, ArvinMeritor was recognized in the following categories for Fortune 500 companies: — Women Directors: ArvinMeritor has two women
IRL Names John Lewis Vice President, Marketing and League Development
INDIANAPOLIS — John Lewis, who has nearly 15 years of experience with both the Indy Racing League and Indianapolis Motor Speedway, will expand his current duties to include the league’s marketing initiatives. Lewis has been named vice president, marketing and league development for the Indy Racing League. Since 2006, Lewis has served as vice president,
Gerry “Mitch” Mitchell Named National Sales Manager of Falcon Steering Systems
FARMINGALE, NY — Falcon Steering Systems has appointed Gerry “Mitch” Mitchell as its new national sales manager. In this role, Mitchell’s duties will include overall responsibility for U.S. and Canadian sales, managing the independent sales and service representatives, developing new business and acting as liaison to the buying group community. Falcon Steering Systems manufactures steering,
The Week in Review (Sept. 4-7, 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
Bill Burns Named CEO of Independent Warehouse Distributors, LLC.
The IWD (Auto Pride/Truck Pride) board of managers has announced the appointment of Bill Burns as company CEO. Burns began his new duties on June 7. He succeeds former CEO Bruce Tavik, who left the position due to the sale of his business.
Jason Stahl Promoted to Editor of BodyShop Business
AKRON , OH — Jason Stahl has been promoted to the position of editor of BodyShop Business, a Babcox publication. Stahl has been the managing editor of BodyShop Business since he joined the company in March 2006. BodyShop Business is the elite business publication serving the collision repair industry. Stahl, who holds a bachelor of