Executive Interview with Ieon Chen, CEO of Equus Products Inc.
In this exclusive interview, Chen talks about the future of telematics, the economy and its influence on the DIY market as well as the company’s anticipated milestone of selling 500,000 INNOVA scan tools by the end of this month.
Obama Budget to Provide $1.3 Billion for Career Technical Education
Technical education groups say an increase is needed to train workforce, stimulate economy.
The Pulse: Use of Premium Vs. Second Line Parts, Month by Month
In this installment of “The Pulse,” we take a closer look at the state of business today at the repair shop level. In this edition, we will review rolling month-by-month data for the percentage of premium parts used in repairs versus second line parts. Utilizing data from IMR Inc., this week we review the numbers for February 2008 through February 2009.
New ASA Board of Directors Installed During Celebration of Excellence
The installation of the board took place during ASA’s Celebration of Excellence on May 2.
AAIA Releases Digital Aftermarket Factbook 2010 and Digital Aftermarket Factbook & Lang Annual 2010
This year’s edition also features an update to the Channel Forecast Model, a powerful planning tool which has evolved into a multi-association project funded by AAIA, MEMA and SEMA.
The Week in Review (May 4-8, 2009)
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, just click on the link that says “News Archives” at the bottom of the page to begin catching up on the latest industry news.
Proliance Announces First Quarter Results, Provides Update on Refinancing Process
Company considering all available refinancing options, but bankruptcy remains a consideration.
TRW Reports First Quarter 2009 Financial Results
The company reported sales of $2.4 billion, a decrease of 42.3 percent compared to the prior year.
UPDATE: Cash for Clunkers Bill Moves Ahead
Earlier this week, aftermarketNews had reported that the White House and the House Energy and Commerce Committee reached an agreement on proposed legislation, however, the agreement was only pertaining to the language contained in the bill. The legislation has not yet passed the House Energy and Commerce Committee, as previously stated.
Mort Schwartz Excellence in Education Award Presented to Northwood’s Jim John
The Mort Schwartz Excellence in Education Award is given annually to the person, institution or company that best represents the automotive aftermarket in the education arena.