Please note: Due to the Independence Day holiday weekend, we will not publish an aftermarketNews newsletter Monday, July 5. We will resume publication on Tuesday, July 6.
We wish you a happy and safe Fourth of July weekend!
The top news this week was an executive interview with John Casanova, who recently became the vice president of Sales and Marketing for Champion Laboratories. Casanova discusses his goals for Champion Laboratories and his thoughts on the future of the filtration market.
Word that Bendix would add all value-added components to brake boxes was the second-most highly read story of the week. The value-added enhancements that are featured in both the brand’s ceramic and semi-metallic brake pad lines include shims, hardware and wire wear sensors.
Bosch announced the appointment of a new chief financial officer and three regional presidents for its North American operations. The changes include: Maximiliane Straub is appointed CFO and executive vice president, Controlling, Finance and Administration. Peter Slaski becomes regional president Chassis Systems Brakes Division, succeeding Straub. D. Scott Winchip is named regional president, Chassis Systems Control Division. Scott Dahl is named regional president, Starter Motors and Generators Division.
There must be some bargain-hunters out there. SEMA’s announcement of low-cost hotel rooms for the show was highly read this week. The organization reported that some hotels offered rates as low as $39 per night, plus several properties are waiving their resort fees.
And lastly, GM announced it would make an initial public offering to raise new capital. The stock sale would leave the U.S. government with a minority stake in the company. The U.S. Treasury owns 60.8 percent of GM stock as a result of its $50 billion bailout last year. It’s expected the sale would give the government a 49 percent stake.
