Global Automotive Aftermarket Scholarship Fund Received Record Donations in 2004
The Global Automotive Aftermarket Scholarship program, funded through the Global Automotive Aftermarket Symposium (GAAS), received more than $20,000 in corporate and individual donations in 2004, helping the program award a record 145 scholarships of $1,000 to students planning aftermarket careers, and to sons and daughters of industry families.
The Top Ten Newsmakers of 2004
For the first time ever, Counterman magazine and aftermarketNews.com bring you The Top 10 Newsmakers of the Year. Our editorial team took a look at some of this industry’s most influential leaders and selected the 10 we believe have had a direct impact on the success of the aftermarket in 2004. Beyond that, we believe these individuals have helped set the stage for an even more productive future for our industry.
Alliance of Automotive Service Providers Announces 2005/2005 Board of Directors
The Alliance of Automotive Service Providers (AASP) recently elected its new board officers for the 2005/2006 term. The officers of the association also serve as the executive committee. The newly elected board officially takes over on Jan. 1, 2005.
GM, Ford Part of SEC Review of Pension Accounting
The Securities and Exchange Commission, as part of a broad effort to pre-empt another flurry of Enron-style financial trickery, has asked three automotive companies and three other, unnamed companies how they make certain pension fund calculations. The Securities and Exchange Commission, as part of a broad effort to pre-empt another flurry of Enron-style financial trickery, has asked three automotive companies and three other, unnamed companies how they make certain pension fund calculations.
Rod Enlow Joins CCAR as Director of Industry Relations
Rod Enlow has joined the Coordinating Committee For Automotive Repair (CCAR) to assist in improving environmental and safety compliance in the automotive repair industry. Enlow’s appointment as director of industry relations was announced by Robert Stewart, CCAR President.
Delphi Reduces Quarterly Loss; Parts Supplier Details Widening SEC Probe
Delphi Corp. narrowed its third-quarter loss to $114 million, and generated more cash than expected, but acknowledged a widening government probe into its accounting practices. The nation’s largest auto-parts maker warned Oct. 5 that it could lose as much as $120 million from July through September because steel and plastic prices rose dramatically, and its biggest customer, General Motors Corp., built fewer cars and trucks.
Auto-Tech 2004: Wagoner Says Automakers, Suppliers Must End Hostility
At a time when cost-cutting pressures have strained relations between automakers and suppliers, General Motors Corp. Chairman and CEO Rick Wagoner said Tuesday that the two sides must cooperate to rein in soaring health-care expenses. Wagoner also said public bickering and complaining between automakers and suppliers won’t help Detroit automakers take back some of the market share they have lost. Wagoner’s speech to a breakfast crowd during Auto-Tech, a conference of suppliers sponsored by the Automotive Industry Action Group, is the latest in an executive push for easing health-care costs — an issue that is among the top priorities for voters this election year.
Executive Interview with Paul Foley, Vice President, Automotive Aftermarket Suppliers Association (AASA)
Our latest edition of “Executive Interview” features Paul Foley, vice president of the Automotive Aftermarket Suppliers Association (AASA), a market segment of the Motor & Equipment Manufacturers Association (MEMA). Join us as Foley brings us up to speed on the rapid growth of AASA since its creation two years ago, as well as several industry initiatives AASA is currently focusing on.
G8 Encourages More Remanufacturing
At the recent G8 Summit Meeting held in Savannah, Ga., on June 8-10, 2004, the leaders of the eight industrialized countries announced their commitment to remanufacturing.
Goodyear Selects Boston-Based Arnold Worldwide for Ad Creative
Goodyear Tire & Rubber has handed over responsibility for the creative and image advertising and marketing for its Goodyear and Dunlop brands to Boston-based Arnold Worldwide. The agency network has four full-service offices throughout the U.S., including its Boston headquarters, New York City, Washington D.C. and St. Louis.