The AMN Week in Review (June 14-18, 2010)
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.
The AMN Week in Review (April 19-23, 2010)
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.
Randy Bernard Named CEO of Indy Racing League
Under Bernard’s leadership, Professional Bull Riding’s Built Ford Tough Series regular-season attendance increased 12 percent in 2009, and ratings with television partner VERSUS increased nearly 30 percent last year. The PBR has been quick out of the chutes in 2010 with attendance up 23 percent in its first five weeks of competition.
Fisker Automotive Raises $115 Million for Plug-In Hybrids
Starting at $87,900, the Karma paves the way for development of lower-cost plug-in hybrid technology for a second, family-oriented car code named Project NINA. Project NINA is expected to be built in Wilmington, Del., at a former General Motors assembly plant starting in 2012.
Owner Resource Group to Acquire Global Parts Distributors
Owner Resource Group partnered with the company’s management on the deal, which closed Dec. 31, 2009.
Mitchell Appoints AJ Long as Executive Vice President and Chief Financial Officer
AJ Long has held a number of significant leadership roles at major technology firms. His experience leading high-tech firms to the optimum level of performance includes executive positions at PricewaterhouseCoopers, Nextel and Sprint.
Dick Morgan Retires as John Washbish Takes Presidency of Aftermarket Auto Parts Alliance
“I’ve been fortunate to have spent the final years of my career at the Alliance,” said Morgan. “This is the best group around, and I’m not just saying that because of any contributions I might have made; I truly believe the membership is the best in the industry because of their professionalism and continuing commitment to excellence. I’m very proud of what we’ve accomplished together and I know under the leadership of John Washbish, the Alliance will continue to expand and grow even further.”
Kumho Issues Statement Regarding Financial Woes
Kumho Tire Co. headquartered in Seoul, South Korea, has announced the company has entered into a ‘work-out’ procedure with creditors.
Troubled Kumho Asiana Agrees to Debt Plan
Under the program, the debt of its Kumho Tire and Kumho Industrial operations will be restructured.
OpenGate Capital Closes on its Acquisition of Ride Control Mexicana from ArvinMeritor
This marks OpenGate’s second acquisition in the automotive sector.