“Kentucky Vocational School Students Invited to Learn About Automotive ... - 24-7PressRelease.com” plus 4 more |
- Kentucky Vocational School Students Invited to Learn About Automotive ... - 24-7PressRelease.com
- TrueCar Joins Jumpstart Network - Auto Remarketing
- Asbury Automotive Group Schedules Release of Third Quarter Financial ... - Earthtimes
- Capital Automotive LLC Announces Extension of Its Approximately $2 ... - Biloxi Sun Herald
- Juffali launches new S-Class in Kingdom - Zawya.com
| Kentucky Vocational School Students Invited to Learn About Automotive ... - 24-7PressRelease.com Posted: 09 Oct 2009 12:06 AM PDT MANASSAS, VA, October 09, 2009 /24-7PressRelease/ -- What better way to learn about a viable automotive career choice then to be among and talk to hundreds of professionals doing the job on a daily basis. That is exactly the opportunity that the Automotive Recyclers Association (ARA), host of the ARA 66th Annual Convention & Exhibition being held this week at the Lexington Center on October 7-10 in Lexington, Kentucky, is offering area vocational school students studying automotive mechanics. "We feel that it is important to expose students to our industry because it is the first, and longest standing, 'green' job in the world," says Michael E. Wilson, Executive Vice President of the Automotive Recyclers Association (ARA). "This industry has a long history and a bright future, and offers those interested in automotive mechanics a rewarding career alternative that students might not be aware." "To provide the best overall picture of the automotive recycling industry to students, we have two special programs that they can participate in, free of charge," says Wilson. "These programs will provide access to the industry from inside successful businesses and through vendors that service the industry." On Saturday, October 10, at 8 a.m., vocational students studying automotive mechanics are invited to attend ARA's seminar "Young Guns - Moving Up," presented by three young automotive recycling business owners who will share their energy, excitement, and knowledge about the industry. They will discuss their business priorities and philosophies, customer service, the importance of technology, how they develop their business, and more. They will be available to answer questions. Following the seminar, the students may attend the ARA Exposition from 10 a.m. to Noon and also a meeting of the Kentucky Auto and Truck Recyclers Association. "We have personally extended the invitation to a number of schools in the area over recent weeks and look forward to the students spending time with us as an industry', stated Wilson. The ARA Exposition offers the opportunity to see over 75 vendors that supply the automotive recycling industry with products and services, and also learn more about the automotive recycling industry. Over 1,000 automotive recycling attendees are expected at this year's annual event. The meeting serves to promote the advancement of this environmentally driven and consumer friendly industry. Automotive Recycling, the world's first "green job" industry, offers plenty of employment possibilities and opportunities for those with the required automotive and mechanical skills. In addition to offering a rewarding automotive career in an industry that has grown and thrived throughout the years, it is an industry dedicated to helping the environment. Automotive recycling saves valuable global resources and energy that is required in the production of a replacement new part. The American automotive recycling industry saves an average of 85 billion barrels of oil per year -- over 233,000 barrels per day. Overall, it is a $25 billion industry that ranks 16th in the United States. Since 1943, the Automotive Recyclers Association ("ARA") represents an industry dedicated to the efficient removal and reuse of "green" automotive parts, and the proper recycling of inoperable motor vehicles. ARA represents over 4,500 auto recycling facilities in the United States and fourteen other countries around the world. With programs such as the Certified Automotive Recycler Program (CAR) and other partnerships, ARA members continue to provide consumers with quality, low cost alternatives for vehicle replacement parts, while preserving our environment for a "greener" tomorrow. To learn more about the Association, visit ARA online at www.a-r-a.org or call (571) 208-0428.
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| TrueCar Joins Jumpstart Network - Auto Remarketing Posted: 08 Oct 2009 10:47 PM PDT
SAN FRANCISCO — Jumpstart Automotive Group announced it has added TrueCar to its community of in-market automotive publishers. TrueCar joins Jumpstart partners, including JD Power Autos, Car and Driver, Road and Track, U.S.News.com and more. These partner companies can gain targeted access to in-market car shoppers through Jumpstart's digital, print and mobile platforms. "As media consumption continues to fragment, being able to reach a highly engaged in-market shopping audience is crucial to our advertisers' ongoing success," explained Grant Whitmore, chief marketing officer of Jumpstart. "We are excited by TrueCar's product vision and their ability to quickly build a passionate and loyal following of car shoppers," he added. "By adding TrueCar to the Jumpstart family of premium publishers, we are closer to our goal of providing the most diverse, high-quality automotive audience in the market," Whitmore highlighted. "We did our homework; Jumpstart is clearly the better option in automotive advertising," said Scott Painter, chief executive officer of TrueCar. "Jumpstart's demonstrated ability to leverage high-quality in-market sites, coupling the best brands with the most innovative marketing solutions, is a perfect match for TrueCar," he pointed out. Latest News
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| Asbury Automotive Group Schedules Release of Third Quarter Financial ... - Earthtimes Posted: 08 Oct 2009 02:05 PM PDT |
| Capital Automotive LLC Announces Extension of Its Approximately $2 ... - Biloxi Sun Herald Posted: 08 Oct 2009 01:43 PM PDT MCLEAN, Va., Oct. 8 /PRNewswire/ -- Capital Automotive LLC (the "Company"), the nation's leading specialty finance company for automotive retail real estate, which is owned by funds managed by DRA Advisors LLC, a real estate investment advisor based in New York, today announced that it has completed an amendment to extend the Company's senior secured credit facility (the "Amendment"), which consists of an approximately $1.8 billion term loan and a $250 million revolving credit facility. The Company received consenting votes from holders in excess of 90% of the combined outstanding principal balance, including 100% of the lenders on the revolving credit facility ("Consenting Lenders"). The term loan and revolving credit facility, which originally had maturity dates of December 16, 2010 and December 16, 2009, respectively, were extended to December 14, 2012 and December 16, 2011, respectively, for Consenting Lenders. The Amendment approved a revolving credit facility commitment amount during the extended period of $115 million. The maturity date associated with the non-Consenting Lenders' outstanding debt did not change as a result of the Amendment. Barclays Capital was the sole agent on the transaction. Although the automotive retail market has declined significantly throughout 2008 and 2009, reflecting the impact of weak economic conditions in the U.S., the majority of the Company's tenants have experienced stronger performance than the industry as a whole. The outperformance was due to the Company's portfolio remaining heavily concentrated in import branded facilities, currently approximately 76%. While U.S. vehicle sales for all major vehicle manufacturers have declined during the recent difficult economic environment, a disproportionate amount of the decline in the U.S. has been attributable to domestic manufacturers. Approximately 99% of the Company's portfolio is currently leased, with no significant near-term lease expirations until 2013. Since the Company's inception in 1998, it has experienced only approximately $1.7 million in cumulative missed rental payments representing less than 0.1% of its cumulative rents since that date. David S. Kay, Senior Vice President and Chief Financial Officer added, "We are extremely pleased that we have completed this amendment to our structured debt, significantly extending our near-term maturities. We believe our successful execution reflects the positive relationships that we have with our lending group, as well as their recognition that our portfolio has performed above their expectations and current industry-wide trends. We believe that our diverse real estate portfolio will continue to outperform other segments during these challenging economic times."  This posting includes an audio/video/photo media file: Download Now |
| Juffali launches new S-Class in Kingdom - Zawya.com Posted: 09 Oct 2009 12:13 AM PDT
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