NACE 2004 Space Draw Results Exceed 2003
The recently completed Space Draw for the International Autobody Congress and Exposition (NACE) 2004 event in Las Vegas showed an increase over 2003 in the number of participating companies and the amount of space assigned, indicating a strong start to NACE being held during Automotive Aftermarket Industry Week (AAIW) in November.
NARSA Joins AAPEX, New Heat and Transfer & Mobile A/C Section to Be Established
The National Automotive Radiator Service Association (NARSA) has forged an agreement with the sponsoring associations of Automotive Aftermarket Products Expo (AAPEX) for the establishment of a new Heat Transfer & Mobile A/C Section at the 2004 AAPEX show. The announcement was made today at the 51st Annual NARSA Convention & Tradeshow in Nashville, Tenn.
Metaldyne Launches Internal Inquiry
Auto supplier Metaldyne Corp. has launched an internal investigation into questionable accounting practices for the last seven years that could have resulted in overstating the company’s earnings by $20 million. The error was followed by a cover-up to balance the books, the company said.
DST Asks: Do You Sell from Inventory Locations that are Not Your Own or Are You Making Plans To?
The old maxim “You can’t sell from an empty shelf” has become outdated. Why? Because technology can ensure that shelves are never bare, at least from the customer’s standpoint, with the advent of the Virtual Inventory Network (VIN) — a term coined by DST to encompass B2B, B2C, and Peer-to-Peer e-commerce. A VIN, also sometimes referred to as a Virtual Sales Network, can provide leverage and cohesiveness of shared inventory across multiple trading partners both up and down and across the supply chain.
IAPA Selects Wrenchead’s Central Suite of Products
Electronic catalog and software solutions provider, Wrenchead, has announced that Independent Auto Parts of America (IAPA) has chosen Wrenchead’s suite of ebusiness solutions to power its members’ e-commerce initiatives. IAPA is one of the nation’s leading program distribution groups. In addition to marketing programs and technology solutions that IAPA provides its members, the group negotiates more than $1 billion worth of auto parts for more than four thousand independent auto parts store members and tech centers each year.
Executive Interview with Joe Puishys, President of Honeywell Friction Materials
Our latest edition of “Executive Interview” features Joe Puishys, president of Honeywell Friction Materials. A 25-year veteran of the company’s automotive businesses, Joe Puishys has served as president of Honeywell Friction Materials since early 2002. His responsibilities include overseeing the most recent corporate effort to align closely with Honeywell’s business initiatives and operating plan. He has already played a major role in the cost cutting and six sigma programs occurring throughout the organization. Join us as Puishys gives us an update on Honeywell Friction Materials, including plans to expand manufacturing operations and launch new products.
Bosch Launches Free Gas Card Promotion
Robert Bosch Corp. has launched a new promotion designed to help increase sales of its spark plugs and oxygen sensors. Bosch is offering drivers the opportunity to earn up to $20 in free gas with the purchase of four Bosch Platinum Series Spark Plugs and one Bosch Oxygen Sensor.
Delphi Loss Means No Bonus for Execs
Auto-parts supplier Delphi Corp. said Friday that none of its corporate officers received bonuses last year due to the company’s $56-million loss in 2003. Delphi Chairman and CEO J.T. Battenberg’s pay fell about 45 percent in 2003 to $3.8 million after the company eliminated his bonus.
WIX Filtration Products Receives CARQUEST Vendor of the Year, Order Fill Awards
WIX Filtration Products was presented with the 2003 CARQUEST Vendor of the Year award and two Order Fill Awards in recognition of its impressive ship-and-fill rates, outstanding marketing programs and customer service. WIX is the exclusive manufacturer of CARQUEST’s Premium Blue and Red Filter lines.
BorgWarner Morse TEC Opens Plant in Korea
BorgWarner Morse TEC has taken a major step forward in its strategic globalization plan with the opening of new plant in Korea. Morse TEC Korea was formed in 2002 in support of the company’s business relationship with Hyundai Motor Co. The new 34,250-square-foot plant is located in Pyongtaek, Gyeonggi Province, Korea.