Live from the Aftermarket Financial Symposium: Leveraging for Growth
As the Aftermarket eForum addressed the concerns of technology and industry standards a month ago in Chicago, industry executives are back in the windy city to discuss money. The Automotive Aftermarket Industry Association (AAIA) hosted the Aftermarket Financial Symposium at the Chicago Hyatt Regency O’Hare. The two-day event placed the emphasis on, of course, the financial side of the aftermarket industry.
Prestolite Receives Frost & Sullivan Award
Each year Frost & Sullivan presents its Competitive Strategy Leadership Award to a company whose competitive strategy has yielded significant gains in market share – gains which Frost & Sullivan analysts “expect to produce lasting, precedent-setting trends in the industry.” The 2005 recipient for this award is the North American ignition wire sets aftermarket segment of Prestolite Wire Corporation.
AAIA’s Kathleen Schmatz and Susan Medick Discuss the Aftermarket Financial Symposium
The upcoming first-ever Aftermarket Financial Symposium (AFS), presented by the Automotive Aftermarket Industry Association (AAIA) and modeled after the highly successful Aftermarket eForum, will be geared toward CFOs, financial service providers, investment analysts, CPA firms and others with interests in the automotive aftermarket. aftermarketNews.com recently sat down with Kathleen Schmatz, president and CEO, AAIA and Susan Medick, chief financial and operations officer, AAIA, to find out what attendees can expect at the symposium.
Tower Automotive Appoints DiRita as Senior Vice President and General Counsel
Tower Automotive, Inc. announced the appointment of David M. DiRita as senior vice president and general counsel, a newly created position for the company, reporting to Kathleen Ligocki, president and CEO of the company.
Early-Bird Deadline and Hotel Discount Extended for Aftermarket Financial Symposium
The early-bird deadline and hotel discount for the Aftermarket Financial Symposium at the Hyatt Regency O’Hare, Sept. 7-8, has been extended to Aug. 8. The early-bird price for symposium registration for AAIA member firms is $695 and $895 for non-member firms. To receive the hotel discount rate of $135, contact the Hyatt Regency O’Hare at 800-233-1234 or 847-696-1234.
Early-Bird Deadline and Hotel Discount Extended for Aftermarket Financial Symposium
The early-bird deadline and hotel discount for the Aftermarket Financial Symposium at the Hyatt Regency O’Hare, Sept. 7-8, has been extended to Aug. 8. The early-bird price for symposium registration for AAIA member firms is $695 and $895 for non-member firms. To attain the hotel discount rate of $135, contact the Hyatt Regency O’Hare at 800-233-1234 or 847-696-1234.
Delphi Reveals More Errors; Two More Executives Ousted
Delphi Corp. disclosed more accounting errors Thursday and forced out two more executives, bringing to six the number of senior officials who have left the Troy-based automotive supplier because of financial irregularities. Delphi, already under investigation by the U.S. Securities and Exchange Commission for its accounting, said that from the time General Motors Corp. spun off the supplier in 1999 until the end of 2004 it failed to properly disclose the amount of accounts receivable, or money owed from other businesses for its services or merchandise, from its European operations.
Motorsports Expert Ron Sledge Joins Affinia
Motorsports expert Ron Sledge has accepted the position of director, motorsports sales and race team relations for Affinia Group Inc. In this new role, Sledge will establish and maintain relationships in the engine and chassis shops of all NASCAR race teams, strategically maximizing use and sales of Affinia filtration, brake and chassis products by NASCAR race teams.
Looking Forward and Back: Executive Interview with Dick Morgan, President and CEO, Aftermarket Auto Parts Alliance
Aftermarket Auto Parts Alliance is celebrating its 30th anniversary this year. Alliance President and CEO Dick Morgan talked with aftermarketNews.com about this important milestone while attending the recent Global Automotive Aftermarket Symposium in Chicago. Join us as Morgan looks back at the evolution of the group and also tells us what lies ahead for the Alliance and the industry as a whole.
Dayco Celebrates Its First Hundred Years
With its celebration slogan “Continuing the Legacy,” Dayco Products, LLC is celebrating its 100th year as a company. In these days of corporate buy-outs and mergers, Dayco has maintained its identity, and in some ways returned to its early roots, to become a highly-respected, worldwide manufacturer of belts, hose, tensioners and related parts for the automotive original equipment and replacement markets. The legacy it celebrates is one of a strong company that has a reputation for an insatiable craving to develop new products, improve established products and increase manufacturing efficiencies.