Grant from ASC Industries Provides Five Students with GAAS Scholarships
Recently, five students planning to attend the University of Northwestern Ohio (UNO) were awarded with Global Automotive Aftermarket Symposium (GAAS) Scholarships from a pledge made on behalf of ASC Industries’ “Customers Who Care.” In December 2006, ASC Industries pledged a donation to the GAAS Scholarship Fund to aid students in pursuing their careers in the automotive aftermarket instead of sending customers traditional holiday gifts as a token of their appreciation.
Tech Students Offer Fuel Solutions: Drive Systems Could Influence Direction of U.S. Efficiency Efforts
From Detroit Free Press Sick of paying $40 or more to fill up your tank? Worried about global warming? If so, you might be interested in the advanced drive systems that student engineers showed off in downtown Detroit on Thursday. As gas prices remain above $3 a gallon, teams of college students involved in the
AMI Accepting Applications for Six Scholarships, Application Deadline is Aug. 17
BEFORD, TX — The Automotive Management Institute (AMI) is accepting applications for the following six scholarships to be awarded this year: the Emil Stanley Merit Award, the BodyShop Business Magazine Scholarship, the Gale Westerlund/Richard Cossette Memorial Scholarship, the Tom B. Babcox Memorial Scholarship, the Automotive Video Inc. (AVI) Educational Scholarship and the Zurich “High Octane”
Autoliv Expands in Mexico
STOCKHOLM, Sweden – Autoliv has announced the construction of a new manufacturing facility in Queretaro, Mexico. This new plant will be operational by year end and will mark the fifth facility for Autoliv in Mexico. Autoliv already has two facilities in Queretaro producing airbag cushions, airbag modules and steering wheels for the North American market.
The Week in Review (June 4-8, 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
Three Automakers Object to Federal-Mogul’s Plan to Emerge from Bankruptcy
Ford Motor Co., DaimlerChrysler Corp. and a Volkswagen AG unit have raised objections to Federal-Mogul’s plan to emerge from bankruptcy protection. According to a recent report from the Detroit Free Press, the three carmakers filed objections a Wilmington, DE, Bankruptcy Court regarding Federal-Mogul’s plan to shed liability for as much as $9.41 billion in death and injury claims involving asbestos.
Collins & Aikman Gets More Time to Sell Off Business, Resolve Liquidation Objections
From Detroit Free Press One of the last major bankruptcy hearings in Collins & Aikman Corp.’s Chapter 11 bankruptcy case has been postponed to give the company more time to sell off parts of its business and settle objections to the firm’s plan to liquidate. A hearing on Collins & Aikman’s confirmation plan that was
Japanese Automakers Most Productive in North America
From Deutsche Presse-Agentur TROY, MI — Toyota, Nissan and Honda led a list of the most productive automakers in North America, but U.S. producers have narrowed their gap with Japanese competitors, a report released Thursday said. Toyota required 29.93 man-hours in 2006 to produce a vehicle in its North American plants, the yearly report on
NHRA Assets Sold to HD Partners
HD Partners Acquisition Corp. has signed a definitive agreement to acquire all of the National Hot Rod Association’s (NHRA) professional racing assets, including the NHRA POWERade Drag Racing series, together with a broad set of rights to commercialize the NHRA brand. Once the transaction takes place, acquired assets will be held in a wholly owned subsidiary of HD Partners named NHRA Pro Racing. The NHRA, which will remain a non-profit 501(c)(6) corporation, will retain all its non-professional racing, safety and educational activities and continue to be the sanctioning body for all NHRA racing activities, including the NHRA POWERade Drag Racing Series.
BorgWarner Thermal Systems Expands in China
AUBURN HILLS, MI — Propelled by growing demand in the rapidly expanding Chinese automotive market, BorgWarner Thermal Systems broke ground for a new production facility at its campus in Ningbo, China. The new 194,000-square-foot operation will replace a smaller facility nearby. Beginning in December, the facility will produce fans, viscous fan drives, Visctronic fan drives,