Cooper Tire Looking to Close Three DCs, Open Two Others
At the company’s annual meeting yesterday held in Detroit, company Chairman and CEO Roy Armes indicated that Cooper Tire may shutter three of its current distribution centers and replace them with two larger facilities, according to news reports.
Purcell Buys D&D Tire
POTOSI, Mo. — Purcell Tire & Rubber Co. has acquired D&D Tire Inc., a large OTR tire dealer and retreader based in Fernley, Nev. D&D has 10 tire centers across Nevada and Southern Idaho, mine servicing sites in eight states (including Alaska), an OTR repair facility in Nevada and a retreading plant in Idaho. The
LKQ Reports Record Revenues
LKQ Corp. today announced results for its first quarter ended March 31, with revenue of $491.9 million, net income of $30.9 million and diluted earnings per share of 22 cents. Revenue from aftermarket collision replacement parts, paint, shop supplies, refurbished bumpers, refurbished wheels and refurbished lighting for the first quarter was $272.3 million.
New DENSO President to be Elected in June
KARIYA, Japan – DENSO has announced plans to elect Nobuaki Katoh as new president and CEO after the annual shareholders meeting in June. Current President and CEO Koichi Fukaya will be promoted to vice chairman and Akihiko Saito will remain as chairman. “I am both honored and determined to lead DENSO to further success as
A recent study from BrandIntel, a provider of market intelligence, found that consumers care about green issues when they align with their own economic interests. When it relates to the automotive industry, BrandIntel’s study showed the majority of consumer discussion focused on fuel and fuel economy as well as alternative technologies, such as hybrid vehicles.
Firestone to Sponsor IRL Development Series
INDIANAPOLIS – The Indy Racing League (IRL) and Bridgestone Firestone North American Tire, LLC (BFNT) have announced an agreement under which the Firestone brand will assume title sponsorship of the Indy Racing League’s official development series and re-establish the series name as Firestone Indy Lights. Firestone Indy Lights is the premier ladder series for drivers
Meyer/Fredericks Unveils New Website
CHICAGO, IL — Meyer/Fredericks and Associates, a Chicago-based aftermarket advertising and public relations firm, has launched its new website — www.meyerfredericks.com. The new site features creative samples from its more than 30 years of success in the category. "Our work spans many categories and media but we have strong expertise in the automotive aftermarket," said
Hippe Gets Key Conti Promotion
Alan Hippe, Continental AG’s CFO and executive board member and head of Continental Tire North America (CTNA), appears to be on the fast track. Hippe, 41, will take over as head of Conti’s passenger/light truck tire division as of April 1, and will add responsibility for the company’s rubber parts group later this year. He
The Week in Review (Feb. 25-29, 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
The Week in Review (Feb. 18-22, 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