Earl Scheib Sold to Elden Holding Group
Automotive paint shop chain Earl Scheib Inc. has been sold to Elden Holding Group LLC for $17 million in cash. Elden Holding Group is a California-based real estate investment firm.
Wally Parks NHRA Motorsports Museum Unveils New Interactive Web Site
The Wally Parks NHRA Motorsports Museum has launched a new interactive Web site — http://museum.nhra.com — designed to give visitors a history of motorsports as well as information on museum programs and events.
Holley NHRA National Hot Rod Reunion Gives Bowling Green $3.5 Million Economic Boost
When participants and fans cruise into Bowling Green, Ky., for the June 18-20 Holley NHRA National Hot Rod Reunion, they’ll bring their hot rods, cool cars…and their wallets. It’s estimated the Reunion, presented by DuPont Automotive Refinishes, and now in its second year at Beech Bend Raceway Park, will generate more than $3.5 million to the Warren County area, which is more than 2.19 percent of the almost $161 million economic impact of tourism on Bowling Green for the year, according to the Bowling Green Area Convention and Visitors Bureau.
Visteon Aftermarket Launches New GlassVantage Network
Visteon has taken a major step forward in the growth of its aftermarket division with the launch of the GlassVantage Auto Glass Professional Network. The Visteon GlassVantage Network is comprised of a select network of high-quality auto glass replacement professionals offering and installing Visteon Performance Windshields in assigned geographic territories.
Universal Automotive Begins Second Phase of Integrating TRW Acquisition
Universal Automotive Industries has begun the second phase of a planned program to integrate the operations from its acquisition of TRW Automotive in January 2004. The purchase effectively doubled Universal’s size. Arvin Scott, Universal Automotive’s president and CEO, said phase two focuses on information technology and getting all operations on the same systems platform. Scott said the company hopes to complete the second phase by this summer.
SCRS Appoints 2004-05 Executive Board and Officers
The Society of Collision Repair Specialists (SCRS) has appointed its board of directors and executive officers for the year 2004-2005. The election took place at the SCRS Annual Meeting on April 8 at the Opryland Hotel in Nashville, Tenn. For the second year in a row, Lou DiLisio was elected SCRS chairman of the board, an occurrence that has happened only twice before — first, when inaugural Chairman Don Caldwell presided over consecutive terms in 1982-83 and 1983-84 and a second time, when Chairman Bob Jones held the office in 1990-91 and 1991-92.
Radiator.com’s Marketing Drives Sales
A California company has found gold under the hood of America’s older vehicles – with a little help from Visteon Corp. In a little more than a decade, Radiator.com/1-800-Radiator has grown from a $2.5 million local business into a $60 million company with 34 locations nationwide.
New Mobile Air Conditioning Climate Protection Goal Announced
In conjunction with Earth Day yesterday, a new partnership agreement between select members of industry, government and environmental advocacy organizations was announced. The new collaborative effort will work to increase energy efficiency and reduce greenhouse gas emissions from the operation of motor vehicle air conditioning (A/C) systems.
Edelbrock Considers Going Private
Edebrock Corp., the California-based maker of performance replacement parts, is considering going private. Vic Edelbrock, Jr., chairman, president and CEO of Edelbrock Corp., has proposed to acquire all outstanding shares of Edelbrock common stock, not already owned by Edelbrock or his affiliates. Edelbrock and his affiliates currently own approximately 51.2 percent of the company’s stock.
ExxonMobil Celebrates 30 Years for Mobil 1
ExxonMobil is celebrating the 30th anniversary of the introduction of Mobil 1 synthetic motor oil. First introduced in 1974, Mobil 1 has become the world’s number one-selling synthetic motor oil, according to the company. ExxonMobil kicked off a celebration for the brand on April 13 in Beaumont, Texas, where Mobil 1 is manufactured and distributed for all of North and South America.