Yokohama Announces Changes in Corporate Governance, Fiscal Results
On May 13 at its board of directors meeting, The Yokohama Rubber Co. announced changes in directorships and the introduction of the position of “corporate officer.” The changes will become effective upon approval at a shareholders meeting scheduled for June 29. Hisao Suzuki, vice president, representative director, will retire from the board of directors, and Yasuo Tominaga will assume the responsibilities of chairman and representative director. Tadanobu Nagumo will become president and representative director.
Parts Depot Hosts Sell-Out ELR Seminar for Application Parts
Parts Depot, Inc. (PDI) hosted the first Enhanced Line Review seminar geared to the parts business, last week in Roanoke, Va. Guided by The Partnering Group, authors of the category management process, more than 60 PDI staff and suppliers worked in teams on a case study to develop breakthrough business strategies based on ELR principles for the parts business.
Who’s Tops in the Aftermarket? Find Out in AASA Top 100 Suppliers List
The 2004 Automotive Aftermarket Suppliers Association (AASA) Top 100 Automotive Aftermarket Suppliers list will be distributed this month with Counterman magazine. The list, now in its second year, has been expanded to include the top 100 suppliers (up from 70 in 2003).
Herman Trend Alert: Virtual Schools
A recent survey of 447 high schools and 345 school districts revealed that 50 percent of high schools in the U.S. currently offer online courses or are exploring future implementation of this learning technology. More than 40 percent of all public high schools are already using online courses or plan to start using them during this current school year. A curriculum for grade school children, particularly those being home-schooled, is spreading, too, but at a much slower rate.
TRW Reports Net Income Plunges 96 Percent
TRW Automotive Holdings Corp. said first-quarter net income fell 96 percent as the company posted $47 million in debt-repayment costs. The Livonia-based company, which counts seat belts, air bags, and brakes among its products, said it posted net income for the latest quarter of $2 million, or 2 cents a share.
Universal Automotive Appoints Two New Managers
Universal Automotive Industries has appointed Larry Newman and Arnold Slutsky to managerial positions at the company’s Autospecialty division. Newman joins Autospecialty’s Undercar Products Group as sales team program group manager. Slutsky has been named purchasing manager at Autospecialty’s Supply Chain division, based in Alsip, Ill.
TRW Reports Net Income Plunges 96 Percent
TRW Automotive Holdings Corp. said first-quarter net income fell 96 percent as the company posted $47 million in debt-repayment costs. The Livonia-based company, which counts seat belts, air bags, and brakes among its products, said it posted net income for the latest quarter of $2 million, or 2 cents a share.
New Aftermarket Foundation Video to be Shown at AAPEX Town Hall Meeting
In an effort to increase industry awareness of the philanthropic organization, the Aftermarket Foundation has developed a new marketing video, along with a redesigned Web site and brochure. The approximately seven-minute video, shot by former NASCAR Performance producer Joe DePaulis, will be unveiled at the Town Hall meeting, which takes place this fall during the 2004 AAPEX Show.
DST Asks:Does Your Multi-Store Business Management System Capture and Consolidate Operating Information?
It’s the American way. Start your own business. Perfect your methods. Hire good people. Grow your customer base. Perfect the idea at one location, then expand by adding new locations that share the same business model. Thousands of successful retail enterprises have started in exactly this way. It’s a fundamental way to apply the principle we all learned in Economics 101 – economies of scale. Business 101 would call it leverage. Good entrepreneurs call it survival!
Key Safety Systems Forms Shanghai Joint Venture
Key Safety Systems has formed a new joint venture with Yanfeng Visteon Automotive Trim Systems, based in Shanghai, China. With 2004 revenues expected to exceed $1 billion, Yanfeng Visteon is the largest interior trim manufacturer in China, and one of the largest producers of steering wheels.