News for Automotive Tool and Equipment Professionals September 2012
ETI Exclusives
The Equipment and Tool Institute is Seeking Speakers for ToolTech 2013, April 23-25 in San Diego, California

The Equipment and Tool Institute is looking for 30-minute presentations, 60-minute presentations and moderators for roundtable discussions and workshops that fit into tracks to benefit the ETI Membership. Our main selection criteria is that sessions fit into the ToolTech Theme of “Driving the Innovation that Drives the Aftermarket” and meet our goal of providing attendees with key information and take-aways that can be incorporated as soon as they return to the office undefined allowing them to drive their business efforts forward (ie: benefit at least one vertical segment of ETI membership, not be too controversial, and no company or product pitches, please).  Read More

Introductory Membership Offer From The Equipment and Tool Institute

Join ETI as a member of the Mechanical Systems Group, Collision Repair Group or Service Information Group before December 31, 2012 and agree to attend 2 of ETI’s 3 Major Events in 2013 and we will waive your Company’s Dues for your first year of membership!  That’s a savings of at least $5,000 in dues! Read More

The Importance of Proper Tooling When Balancing Clad Wheels
By Mike Alusick, Worldwide Product Manager, Snap-on Equipment

What is a Clad Wheel? A Clad Wheel is a cast wheel that is balanced but the wheel face is not finished. To finish the wheel face a plastic chromed face is bonded to the casting.
Why Clad Wheels? Chrysler Corporation made the first clad wheels for the Jeep product line. When you consider that car companies change the cosmetic appearance of vehicles which each model year there are a few things they can do... Read More

ETI Member Company Profile - Redline Detection, LLC
By Bob Chabot

Redline manufactures industry-leading automotive diagnostic equipment. The company mission is to equip modern automotive technicians with highly effective tools that not only help them repair more vehicles, but also increase business. Redline was founded eight years ago by Ken Pieroni, widely respected as the founder of diagnostic leak technology for several automakers.   In 2007, Zack Parker bought the company and, with Pieroni’s help, has expanded the business dramatically.  Read More
Messages From ETI Leadership
What’s On Your Mind?
By Jessie Korosec

The Equipment and Tool Institute wants your articles for the Industry Update Newsletter.  The purpose of the ETI Industry Update is to keep our members and other interested industry professionals informed on current news within the tool and equipment industry as well as deliver updates on ETI Events, industry committees, and information on trends and general business topics.  What affects one, sometimes affects all.  This is your chance to bring topics to light that may facilitate a collaborative effort and encourage open discussions which can lead to problem solving.  It may also get people talking and thinking within the industry. Read the article here

Message From the President
By Dan Brass

As summer comes to a close, I would like to take a quick moment to review Summer Tech Week.  We had a very strong attendance from both our members and OEM partners.  Thank you to all the OEMs for all of our hard work.  I know that our members really appreciated what they learned and are using this knowledge to improve their existing tools and create new ones.  Read the article here
Industry Insights
The Fat Lady Has Not Sung
Automotive News

Anyone who thinks the automobile industry finally has settled down to some sort of calmness is sadly mistaken.
Rarely has there been an extended period of tranquility in the automobile business. In the United States, perhaps in the 1960s, the industry had a certain amount of stability until the oil crisis of the early 1970s.  In the next decade or so, we'll see plenty of commotion in the United States and even more in the rest of the world.
Read the entire article

Carlyle Group Buying DuPont’s Performance Coatings Business for $4.9 Billion
Washington Post

The Carlyle Group says it is buying DuPont’s performance coatings business for $4.9 billion in cash, giving it another investment in the automotive and industrial segments. The performance coatings business of E.I. du Pont de Nemours and Co. caters to the automotive and industrial coatings sectors. The business is expected to have 2012 sales of more than $4 billion. It has more than 11,000 workers.
Read the entire article

The Carlyle Group Closes Service King Acquisition
Fender Bender

Global alternative asset manager The Carlyle Group has closed on its acquisition of Service King Collision Repair Centers.  Terms of the transaction were not disclosed.  The Carlyle Group now holds majority ownership in Service King. Service King said its founder, Eddie Lennox, has retained a significant ownership stake in the company.  Service King said the acquisition resulted in minor leadership changes. Cathy Bonner, former CEO of the company, is now chairman of its board of directors. Chris Abraham has been appointed as Service King’s new CEO, and Jeff McFadden has been appointed president of the company.
Read the entire article here

U.S. Completes 54.5 mpg Fuel-Economy Mandate For Light Vehicles
Automotive News

President Barack Obama released a final version of a rule forcing automakers to more than double average fuel economy by 2025 that includes changes benefiting Honda Motor Co. and other makers of alternative-fuel vehicles.  "By the middle of the next decade, our cars will get nearly 55 miles per gallon, almost double what they get today," Obama said today in an e-mailed statement. "It'll strengthen our nation's energy security, it's good for middle class families and it will help create an economy built to last."
Read the entire article

Business Buzz
Smartphone Addiction: Staggering Percentage Of Humans Couldn't Go One Day Without Their Phone
Huffington Post

Are you an email-obssesed zombie-person who reflexively checks his or her smartphone every 10 minutes, not because you felt a vibration or because you are getting a phone call, but rather because you can't help yourself, because checking your smartphone is a mechanical movement for you, as involuntary as breathing or blinking or producing saliva in your mouth?  Read the entire article

9 Things That Motivate Employees More Than Money
Time Magazine

The ability to motivate employees is one of the greatest skills an entrepreneur can possess. Two years ago, I realized I didn’t have this skill. So I hired a CEO who did. Josh had 12 years in the corporate world, which included running a major department at Comcast. I knew he was seasoned, but I was still skeptical at first. We were going through some tough growing pains, and I thought that a lack of cash would make it extremely difficult to improve the company morale.  I was wrong.  Read the entire article
Wise Words
The superior person is modest in speech, but exceeds in actions...Confucius
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