Auto Value/Bumper to Bumper Launches National Charity Program
A new nationwide program that helps victims of domestic violence and abuse gain their freedom through the donation of refurbished cars has been launched by Auto Value/Bumper to Bumper. This unprecedented vehicle gift program is sponsored by the warehouses, parts stores and certified service centers flying the Auto Value/Bumper to Bumper flags. Aftermarket Auto Parts Alliance, parent company of Auto Value and Bumper to Bumper, announced the new program yesterday at AAPEX.
Counterman Magazine Presents 2006 Reader’s Choice Awards
Counterman magazine is proud to announce the winners of the 2006 Reader’s Choice Awards, the magazine’s prestigious, annual readership-based recognition program. This year’s winners are: Akebono, Airtex, Bendix, Delphi, Denso, Monroe Shocks, Brakes and Struts, Morse, NAPA Echlin, NGK/NTK and WIX.
Candid Insights Abound at the Automotive Distribution Network’s Joint Advisory Council Meeting
Last week in Monroe , MI , something unusual happened. For the first time in four years, members of the Automotive Distribution Network’s (formerly Parts Plus’ and IAPA’s) Network Jobber Advisory Council and Network Service Dealer Advisory Council got together as a group and talked — really talked — about the issues that are impacting their businesses today.
Ford to Sell or Close Ex-Visteon Plants
The plan for job cuts and plant closings announced by Ford Motor Co. on Friday includes a 2008 deadline for selling off or closing 14 plants that the automaker took over last year as part of a bailout of parts supplier Visteon Corp. In October, Ford took back 17 plants from Visteon, which Ford spun off in 2000. The deal to bring Visteon back was aimed at making the supplier profitable and ensuring a stable flow of parts to the automaker. Ford created a subsidiary, Automotive Components Holdings LLC, for the plants and for six non-manufacturing facilities that it also took back.
Tenneco Enhances Online Brakes Catalog
MONROE, MI — Tenneco has enhanced its online parts catalog for the Monroe brakes product line. The company plans to provide continual data updates, including expanded coverage of late-model domestic and import applications. The Monroe brakes eCatalog, available at http://www.monroebrakes.com, now includes 872 part numbers covering hundreds of leading applications. After launching more than 40 new
Week in Review
THE WEEK IN REVIEW (August 14-18, 2006) _______________________________________________________________________________________________________ _______________________________________________________________________________________________________ ASSOCIATION & LEGISLATIVE NEWS: _______________________________________________________________________________________________________ _______________________________________________________________________________________________________ Updates Made to NASTF OEM Service Information Website NASTF recently added updated information to its OEM Service Websites page. According to NASTF, three notable changes have occurred within the listings: Acura and Honda have significantly reduced their annual subscription rates;
AFS 2006 Offers a View from Wall Street, BB&T Capital Markets on AFS 2006 Agenda
F. Cristello of BB&T Capital Markets will address a “View from Wall Street” during the 2006 Aftermarket Financial Symposium (AFS), which takes place Sept. 26-27 at the Hyatt Regency O’Hare in Chicago. The presentation, scheduled for 11 a.m. on Wednesday, Sept. 27, will focus on the investment community’s view of the aftermarket, including how developing trends might impact different areas of the aftermarket (including such sectors as DIY, DIFM and collision repair) and how that might translate into potential investment opportunities. Cristello will also cover how valuation metrics of publicly traded aftermarket companies differ.
Commercial Vehicle Group Named to New NASDAQ Global Select Market
Beginning July 3, Commercial Vehicle Group, Inc. (CVGI) will be included in the new NASDAQ Global Select Market. Prior to the change, the company had been listed on the NASDAQ National Market. CVGI joins other motor vehicle related businesses such as Monro, which was also recently named to the new index. NASDAQ announced the new three tier listing classification in February.
“Dog Days of Dynomax” Promotion Heats Up the Summer for Performance Enthusiasts
Not only can performance enthusiasts heat up the summer with the thrilling sound and performance of a brand-new DynoMax exhaust system, they can earn a free die-cast truck through the “Dog Days of DynoMax” Internet promotion.
Intermet to Reorganize Manufacturing Operations
Intermet Corp., a manufacturer of cast-metal automotive components, has announced plans to reorganize its manufacturing operations into five distinct business groups. The new plan, which is effective immediately, is designed to improve overall manufacturing efficiency and reduce costs, the company said.