On the Soles of Goodyear
On your car, a tire tread is all about ride, traction and handling. On your shoe, it’s all about looking cool.
Save the Date: Aftermarket eForum Set for July 2005
The date and location for the 2005 Aftermarket eForum has been announced. The 2005 eForum is set for Wednesday, July 19, through Thursday, July 21, 2005, at the Hyatt Regency O’Hare in Chicago.
Herman Trend Alert: Bonuses for New Hires
Employers are becoming more aggressive in their pursuit of highly talented employees. Recruiting efforts are being stepped up. Once again, bonuses are being paid to new employees, just for joining the company.
Magna Spin-offs Pledge to Keep to Long-Term Strategies Amid Privatization Talks
Top executives at two Magna International spin-offs the auto parts giant wants to take private reaffirmed Tuesday that independent committees will analyze the bids and denied that outcomes in Magna’s favor have been pre-determined.
BorgWarner Takes Over Supplier Beru
U.S. automotive company BorgWarner said Monday it is buying a controlling stake in German supplier Beru AG and would make an offer for the remaining shares in a nearly $800 million deal that it hopes will strengthen its position with global automakers.
Live from AAPEX: Washbish Named ‘Automotive Leader of the Year’
Each year at its annual meeting prior to the kickoff of AAPEX, AWDA bestows the Leader of the Year Award upon an aftermarket professional who has contributed to the industry in a unique and significant manner. Sunday night that award was presented to John Washbish, AAP, of AFFINIA, by his brother, Doug Washbish of Moog Louisville Warehouse.
Live from AAPEX: Levene, Beirne Given Art Fisher Award
The newly named Art Fisher Memorial Scholarship Award was established to honor the memory of past presidents and chairmen of AWDA. The scholarships have traditionally been given to two students who are enrolled in Northwood University’s automotive aftermarket management program in the name of the award winner. Thanks to the generosity of Art Fisher, the Fisher family and others, the scholarship program will be expanded to include more recipients next year.
EDS Offers Early Retirement
Electronic Data Systems Corp. said Tuesday it would offer early retirement incentives to 9,200 U.S. workers, or 17.4 percent of its domestic work force. It will take an estimated $150 million charge in the fourth quarter to cover the costs of the downsizing move.
Transpro Reports Third Quarter 2004 Results
Transpro has announced results for the third quarter and nine months, which ended on Sept. 30. Transpro reported net earnings for the third quarter of $2.7 million or 36 cents per diluted share, on sales of $72 million. Net income is up 35.5 percent and sales increased 9.7 percent over the comparable period last year.
Lowe’s Knows!
As a homeowner, I spend a fair amount of time and money at my local Lowe’s store. I go there for just about all of my house-fixing projects: paint, light bulbs, tools, etc. I choose Lowe’s because I find their employees to be knowledgeable, and they have what I need (sound familiar?).