Herman Trend Alert: Where the Jobs Are (Or Will Be)
One of the major problems faced by employers in the U.S. and in other countries is a shortage of skilled workers. Employers are struggling to find thousands of qualified Heating and Air Conditioning engineers, specialized computer programmers, imaging technicians, pharmacists, hotel clerks and even housekeepers. These jobs exist now, not just in some future scenario.
NARSA Joins AAPEX, New Heat and Transfer & Mobile A/C Section to Be Established
The National Automotive Radiator Service Association (NARSA) has forged an agreement with the sponsoring associations of Automotive Aftermarket Products Expo (AAPEX) for the establishment of a new Heat Transfer & Mobile A/C Section at the 2004 AAPEX show. The announcement was made today at the 51st Annual NARSA Convention & Tradeshow in Nashville, Tenn.
Automotive Specialty Industry Enjoyed Growth in 2003, Reports SEMA
Despite a sluggish economy, the U.S. automotive specialty equipment industry grew 7.7 percent to $28.9 billion in 2003, according to new findings from the Specialty Equipment Market Association (SEMA). Despite a sluggish economy, the U.S. automotive specialty equipment industry grew 7.7 percent to $28.9 billion in 2003, according to new findings from the Specialty Equipment Market Association (SEMA).
Timken Raises Earnings Outlook
Canton, Ohio-based Timken has increased earnings expectations for the first quarter and full year based on an improvement in company operations. The company expects earnings per diluted share of 25 cents to 30 cents for the first quarter of 2004 and $1 to $1.10 for the year, excluding special items. The company’s previous estimates were 15 cents to 20 cents per diluted share for the first quarter and 85 cents to $1 for the year, excluding special items.
Auto Part Suppliers Study Jobs
Automotive jobs will continue to leave Michigan, but there are remedies, says a report on the future of manufacturing to be delivered today at the opening session of the Society of Automotive Engineers World Congress in Cobo Center in Detroit. The U.S. is expected to see an 11 percent drop in its automotive production jobs by 2010, according to “The Odyssey of the Auto Industry” a study conducted by Roland Berger Strategy Consultants for the Original Equipment Suppliers Association.
Executive Interview with Jim Taylor, CEO of Thomas Group
Our latest edition of “Executive Interview” features Jim Taylor, CEO of the Thomas Group. Taylor joined the Thomas Group in 2001 as vice president and CFO. From 1997 to 2001, Taylor served as president of the Chancellor Group, a Dallas, Texas, management consulting firm, where he assisted companies in restructuring, raising funds and completing initial public offerings. Join us as Taylor tells us more about the Thomas Group culture and how it works for its clients.
Exploring Visionary Leadership with University of the Aftermarket
In today’s business environment, it is not enough for an effective leader to organize people and resources for the pursuit of business goals, targets and objectives. To gain the competitive advantage, you must be a visionary leader and motivate your team to be more productive, more focused and more fulfilled. Learn more about this important management tool in the University of the Aftermarket’s new leadership program, Exploring Visionary Leadership, set for Wednesday and Thursday, April 21-22, at the Marriot Rivercenter, San Antonio, Texas.
“DST Asks”: What Do You Look For In a Computerized Business Management System?
Technology is breaking down the barriers that once hindered our ability to process and share information efficiently. As our industry taps into the power of new technologies, those businesses that adopt and embrace them sooner rather than later will realize new efficiencies and bottom-line improvements while simultaneously setting the revised standards of successful business operation. Those standards will be the benchmarks of competitive advantage that will steer the future of the industry.
Dana Names GM Europe Exec Michael Burns CEO and President, Acting President Bill Carroll to Retire
Dana Corp.’s board of directors has named Michael Burns CEO, president and a director of the company, succeeding the late Joe Magliochetti, who passed away Sept. 22, 2003. Burns, who has been president of General Motors Europe since 1998, will officially take over on March 1. Bill Carroll, who has served as acting president and COO since September, will continue in these positions until March 1, at which time he will retire from the company.
Who’s Buying Whom?
Who owns the suppliers of today? New owners include leveraged buyout firms, putting a new spin on the old consolidation trend. In the wake of Dana’s announcement to sell off its aftermarket businesses comes the speculation of who will buy it. Water cooler conversations in the office haven’t exactly been at a fevered pitch. That’s a dramatic change from just a few short years ago when SPX was trying to make a hostile purchase of Echlin (which ultimately ended up in the hands of Dana), or when Federal-Mogul was buying up companies as part of former CEO Dick Snell’s major consolidation plan. Those were the good old days of major aftermarket acquisitions. Now, we’re left to ponder the fate of the Dana Automotive Aftermarket Group. The big question is: Who among the current base of manufacturers is a candidate to make such a large acquisition?