American Axle & Manufacturing Reports Third Quarter 2005 Financial Results
American Axle & Manufacturing Holdings, Inc. (AAM) this week reported sales and earnings for the third quarter of 2005. Third quarter earnings were $19.3 million or 38 cents per share. This compares to earnings of $36.4 million or 68 cents per share in the third quarter of 2004. AAM’s earnings in the third quarter of 2005 reflect the impact of a retroactive metal market cost recovery agreement under which AAM was reimbursed for costs incurred in the first half of 2005. This retroactive benefit was partly offset by costs related to other provisions of the metal market recovery agreement and other retroactive purchased material cost adjustments we incurred in the quarter. The net favorable impact of these agreements was $6.2 million in the quarter or 8 cents per share.
ASA Subcommittee Reviews Parts Procurement Issues
The issue of parts procurement is being addressed by the Collision Division Operations Committee of the Automotive Service Association (ASA). Of particular interest is a pilot plan introduced recently by Farmers Insurance Group to some of its participating repair facilities.
Executive Interview with Mac McGovern, Director of Training, KYB America
A successful independent shop owner for more than 30 years, Mac McGovern joined KYB as director of training in August of this year. Considered one of the aftermarket’s leading trainers and advisors, McGovern is implementing KYB’s innovative Ride Control Solutions from KYB program, which is helping to develop the understanding and co-operation between manufacturers, distributors and service centers in order to improve business practices and better take care of motorists’ needs.
ASA Names Caspersen Collision Division Manager
Denise Caspersen, research management specialist for the Automotive Service Association since 1997, has been named manager of ASA’s Collision Division. The division manager works directly with the elected division director and is responsible for the communication and activities of the operations committee. Caspersen will coordinate various projects as directed by the committee, and also develop and maintain relationships with other industry groups to strengthen the association and its role in the collision repair industry.
ASA Announces Collision Division Operations Committee, Mechanical Division Operations Committee
The Automotive Service Association (ASA) has announced its 2005 Collision Division Operations Committee. Darrell Amberson, AAM, Lehman’s Garage, Bloomington, Minn., will continue to serve as Collision Division director. As such, Amberson serves on ASA’s board of directors and chairs the ASA Collision Division Operations Committee.
ASA Announces Partnership with CAA
The Automotive Service Association (ASA) has announced a new partnership agreement with the California Autobody Association (CAA). The partnership was recently approved and ratified by ASA’s board of directors.
Executive Interview with Ron Pyle, President and Chief Staff Executive of the Automotive Service Association (ASA)
Every other week, aftermarketNews.com offers an interview with high-profile individuals in the automotive aftermarket. We give executives free rein to express their views on anything from the state of their corporations to recent legislative news to future trends in their niche markets. Here you see what matters to the newsmakers themselves.
ASA Announces Collision Division, Mechanical Division Operations Committees
Automotive Service Association (ASA) members have elected committee members for its Collision and Mechanical Divisions. Michael Anderson of Wagonwork Collision Center in Alexandria, Va., has been appointed Collision Division Director. Anderson will serves on ASA’s board of directors and will chair the 2004 ASA Collision Division Operations Committee. ASA members have also elected Earl Dohner, AAM, of E&E’s Garage in Brookville, Ohio, as Mechanical Division Director. Dohner will serve on ASA’s board of directors and will chair the 2004 ASA Mechanical Division Operations Committee.
ASA to Host Seminar on Right to Repair Issue
The Automotive Service Association (ASA) has created a three-hour seminar, “You Have the Right to Repair,” which will be offered at several ASA affiliated events this year, including Congress of Automotive Repair and Service (CARS) in Las Vegas on Nov. 6. Taught by Bill Haas, AAM, ASA’s vice president of service repair markets, the course has been approved by the Automotive Management Institute (AMI). Attendees will receive six credits toward the Accredited Automotive Manager (AAM) designation.
ASA Adds New Affiliate
The Automotive Service Association (ASA) board of directors has named ASA-Texas as its 15th affiliate. Terry St. Pierre, owner of The Muffler Shoppe in Abilene, Texas, and president of ASA-Texas, said he is excited about the future of ASA-Texas and the direction it’s headed. St. Pierre said he encourages all service professionals to grow their local chapter, which will in turn grow their state groups, which will grow ASA on a national level.