Monro Names Valvoline Vendor of the Year
Valvoline has been named Vendor of the Year by the Monro Muffler Brake automotive service chain. Monro owns 600 stores in more than 18 states, operating under the Monro Muffler Brake and Service, Speedy Auto Service by Monro, Kimmel Tires-Auto Service, Tread Quarters Discount Tires and Mr. Tire brands. Valvoline has been principal lubricants and filter supplier to the Rochester, N.Y.-based chain since late 2002.
Maxxis Announces Sports Sponsorships
In conjunction with its global branding efforts, international tire manufacturer Maxxis International has become the “The Official Tire of the Houston Rockets.” The sponsorship agreement remains in effect for the balance of the 2004 NBA season. Maxxis has also announced its sponsorship of LPGA Tour Golfer Candie Kung for the 2004 LPGA season.
Delco Remy International Announces Fourth Quarter And Year End Results
Delco Remy International announced that fourth quarter 2003 Adjusted EBITDA increased 62.9 percent to $27.7 million on a net sales increase of 4.2 percent to $261 million as compared to EBITDA of $17 million and net sales of $250.5 million for the same period in the prior year.
ChevronTexaco Celebrates 100th Anniversary of Havoline Brand
ChevronTexaco Global Lubricants is launching a year-long program to celebrate the 100th anniversary of the Havoline brand. As part of the centennial celebration, ChevronTexaco said it is investing in numerous marketing programs and consumer promotions to drive the Havoline name in 2004, including sponsorship of the U.S. Olympic Team competing in the 2004 Athens Summer Olympic Games, retro product packaging and a sweepstakes with a grand prize of $1 million.
Herman Trend Alert: Outsourcing, Insourcing, Resourcing, Flexsourcing
Worker-employer relationships are changing. In addition to full-time, part-time and job-sharing options, employers are developing and enhancing alternative relationships with other employers and individuals in contingent arrangements. Over the next few years, outsourcing will increase. For-profit corporations, not-for-profits, government agencies and school systems will all distribute work to outside contractors. As more small companies are formed to meet the exploding need, expect an increase in the number of outsourced service providers.
2004 AAPEX Booth Selection Begins; New Online Process Initiated
As of March 1, all qualified companies participating in the 2004 Online Space Drawing for the 2004 Automotive Aftermarket Products Expo (AAPEX) received their scheduled booth selection date and time for the Online Space Drawing. The Online Space Drawing is scheduled to begin at 10 a.m. (EST) on Monday, March 15.
New Video to Highlight Importance of Automotive Suppliers
MEMA and its market segment associations, in conjunction with Blue Sky Productions, are producing a special 5-minute video that highlights the importance of automotive suppliers – in terms of how they contribute to America’s manufacturing base and economy and how they fit into the entire automotive industry. John McElroy will narrate the video which will be shown at industry events, to legislators and regulators on Capitol Hill and on the MEMA Web site.
Dale Hobbs Named Director of Sales at Parts Plus
Dale Hobbs has been named director of sales at Parts Plus. Mike Lambert, president of Parts Plus, announced the appointment. Dale Hobbs has been named director of sales at Parts Plus. Mike Lambert, president of Parts Plus, announced the appointment.
Jim Pearl Rejoins Denman Tire Corp.
James Pearl has rejoined Denman Tire Corp. as senior vice president of sales and marketing. Pearl worked for Denman for ten years prior to leaving in late 2002 to pursue other opportunities. Pearl will once again have overall responsibility for the sales and marketing functions and will be leading and coordinating the efforts of the sales and marketing department.
Pep Boys Reports Fourth Quarter, Full Year Results
The Pep Boys has posted results for the fourth quarter and fiscal year, which ended January 31. Sales for the thirteen weeks were $529,639,000, 13.6 percent higher than the $466,192,000 recorded last year. Comparable merchandise sales increased 15.9 percent and comparable service revenue increased 5.1 percent.