ArvinMeritor Divests Additional Light Vehicle Systems Chassis Business
Company sells Gabriel Ride Control Products North America business to OpenGate Capital.
ArvinMeritor Sells Off Stakes in Two Light Vehicle Systems Chassis Joint Ventures
In a January update, ArvinMeritor said it would also explore strategic alternatives for a “timely and orderly exit” from the chassis systems business.
Goodyear Hosts High School Interns as Part of Racing and Diversity Program
Company offers at-track experiences and more than $35,000 in scholarships.
ArvinMeritor Marks 100-Year Heritage of Forward Thinking
The company will commemorate this historic milestone throughout 2009 at events and product exhibitions.
Bob Arlotta Named 2008 NAPA/ASE Technician of the Year
NAPA Auto Parts and the National Institute for Automotive Service Excellence (ASE) have named Bob Arlotta of Millington, NJ, the 2008 NAPA/ASE Technician of the Year. NAPA selected Arlotta for the prestigious honor in recognition of “his 25 years of automotive experience, endless commitment and service to customers, continual dedication to his employees and leadership in the industry.” Owner of Long Hill Auto Service in Millington, Arlotta is ASE certified in 26 different categories and is recognized as a Master Technician in the automotive, medium and heavy duty areas.
TRW Automotive Aftermarket, ArvinMeritor Launch Shock Absorber Distribution Joint Venture
Equip’Auto — TRW Automotive Aftermarket, a business of TRW Automotive Holdings Corp., has entered into an agreement to create a joint venture with ArvinMeritor to distribute Gabriel- and TRW-branded shock absorber ranges for the European independent aftermarket. The joint venture is expected to begin operation and distribution in January 2008.
The Week in Review (July 23-27, 2007)
By Arianne Anderson The Week in Review offers a snapshot of the most 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, click on any of the dates listed at the bottom of the
Executive Interview with Philip Martens, ArvinMeritor Senior Vice President, President, Light Vehicle Systems
In this exclusive Executive Interview, Phil Martens, senior vice president and president of ArvinMeritor’s Light Vehicle Systems business group, brings us up to speed on the return of the Gabriel brand as part of the company’s focus on re-invigorating its global ride control business.
ArvinMeritor Reports Second-Quarter 2007 Results
ArvinMeritor has reported financial results for its second quarter ended March 31. Sales from continuing operations of $1.6 billion were approximately equal to the same period last year. Results for continuing operations exclude the company’s Emissions Technologies (ET) business group now held in discontinued operations. Net loss from continuing operations on a GAAP basis was $13 million, or 19 cents per diluted share, compared to income of $32 million, or 46 cents per diluted share in the second quarter of fiscal year 2006. Income from continuing operations, before special items, was $12 million, or 17 cents per diluted share, compared to $24 million, or 34 cents per diluted share in the same period last year.
The Boy Scouts of America Honor Keystone Automotive’s CEO
Keystone Automotive Industries CEO Richard Keister accepted the 2006 Automotive Distinguished Good Scout Award from the San Gabriel Valley Council, Boy Scouts of America. A luncheon was held in honor of Keister Dec. 1 at the Sheraton Fairplex. The event raised funds to help reach youth in Pomona, CA.