New Ford Tech has transferred management of scholarships for its Automotive Student Service Education Training (ASSET) program to the TechForce Foundation.
TechForce Foundation a nonprofit providing students educational resources and scholarships for a career as a transportation technician.
Students applying for all Ford ASSET scholarships can now do so at TechForce.org/Scholarships.
Learn more about New Ford Tech’s ASSET program.
Eric Sills, chairman and CEO, said the company is looking to continue to find ways to better service customers and explore opportunities to partner for growth in 2024.
Standard Motor Products, Inc. released its consolidated financial results for the fourth quarter and full year ending December 31, 2023. The company reported fourth-quarter net sales of $290.8 million, compared to $308.2 million in the same period in 2022. Earnings from continuing operations for the quarter were $7.2 million or $0.32 per diluted share, down from $8.5 million or $0.39 per diluted share in Q4 2022. Excluding non-operational gains and losses, earnings were $8.2 million or $0.37 per diluted share, compared to $15.1 million or $0.69 per diluted share in the previous year.
Phinia reported that it expects strong earnings and cash generation in 2024, driven by operational efficiencies, and growth in aftermarket sales.
GPC reported mid-single-digit total sales growth and its third consecutive year of double-digit earnings growth.
MPA’s Q3 results showed increases in net sales, operating income and cash flow from operating activities.
The company said it anticipates continued growth in 2024, with projections including 190 to 200 net new store openings.
Ten instructors were chosen to attend a five-day, hands-on training session at the Navistar OEM state-of-the-art training center in Woodridge, Illinois.
TechForce Foundation has announced Misael Rodriguez of Ben Davis High School and Dustin Thomas of CarMax as grand prize winners in the 6th annual Techs Rock Awards.
The deadline to submit applications at AutomotiveScholarships.com is March 31.
Valvoline saw an increase in system-wide stores to 1,890, including 895 company-operated stores and 995 franchised stores in Q1.
