Aftermarket auto companies weather pandemic through online sales

first_imgMobility to workplaces was down 25 percent as of Monday compared to the average level between January and February, while mobility to residential places was up 13 percent over the same period, data from Google’s Community Mobility Report showed.In addition to online services, Astra Otoparts is offering a home service where they send technicians to maintain vehicles.“So there are two home services, car battery and oil replacement. After the pandemic, the significant [increase] will be oil replacement because people will do things at home, and we’ll be ready with home delivery,” Yusak said.Lubricant producer PT Federal Karyatama, a subsidiary of American oil and gas company Exxon Mobil, saw its online sales double, according to the company’s president director, Patrick Adhiatmadja.The increase came amid falling demand for lubricant, as car and motorbike plants halted operation in May because of social restrictions.“Lubricant demand may start recovering at the end of the year both from other industries and the auto industry, particularly the aftermarket,” said Patrick.As a result of the pandemic, the country’s lubricant sales are estimated to have fallen by between 30 and 50 percent from the first to the second quarter of this year, according to the Indonesian Lubricant Association (Aspelindo).Like Astra Otoparts, Federal Karyatama is also providing home services for during the health crisis.The tire industry has continued to struggle against pandemic headwinds and the disruption of international trade. The majority of national production was intended for export, according to the Indonesian Tire Companies Association (APBI).While the nation’s tire companies have turned to the domestic market in response, including the auto aftermarket, the closure of workshops because of the government’s social restrictions has deflated the industry’s revenue.“The tire industry is almost dead,” APBI chairman Azis Pane said.Topics : “We’ve aimed to prepare a digital platform that can enhance the comfort and ease of the features we provide so that consumers grow accustomed to Astra Otoshop,” Astra Otoparts director Yusak Kristian said in a virtual discussion on June 26.Marketing consulting firm Markplus found in a survey of 105 respondents that nearly a quarter of consumers were buying auto parts online during the pandemic, compared to the 5 percent of consumers before the health crisis.The auto industry has been hit hard by the pandemic and the related restrictions, which have affected customers’ mobility and spending. Domestic car sales fell by more than 95 percent year-on-year to only 3,551 units in May, a continuation of the downward trend seen since March, Indonesian Automotive Manufacturers Association (Gaikindo) data shows.The auto aftermarket has seen an estimated 80 percent decline in total sales between April and May because of social restrictions. Consumers have required less auto maintenance and fewer parts, according to the Indonesian Automotive Aftermarket Association (Gatomi). Auto parts companies are relying on online sales to offset declining revenue from brick and mortar stores as the industry continues to suffer from the effects of COVID-19.PT Astra Otoparts, the auto parts manufacturing and distribution arm of conglomerate PT Astra International, saw the number of shoppers at its online store, Astra Otoshop, double from April to May.The increase in online shopping has also contributed to a doubling of monthly revenue over the same period.last_img read more

Wednesday people roundup

first_imgRedington – Dan Mikulskis, Pete Drewienkiewicz and Mitesh Sheth have been promoted at consultancy Redington to become managing directors of their respective business areas: asset liability management, manager research and business development and communications, respectively. Neha Bhargava and Rachel Johnson have been made directors within client consulting and operations. Redington said all of these promotions were part of its new push for business growth.Morningstar – Dan Kemp has been appointed CIO at Morningstar’s Investment Management Group for the EMEA region. He is replacing Daniel Needham, CFA, who became president and CIO for the Morningstar Investment Management Group in January 2015. Robin Johnson, CFA, has also been hired as head of portfolio management, EMEA. Kemp joined Morningstar in 2014 as co-head of investment consulting and portfolio management for Morningstar Investment Management in the EMEA region, having previously worked at investment consultancy Albemarle Street Partners, which he co-founded. In his new role, he will report to Needham. Johnson came to Morningstar in 2007, after working at Mellon Global Investors and Bestinvest. He will report to Kemp.SYZ Asset Management – Katia Coudray has been appointed chief executive of SYZ Asset Management and head of OYSTER Funds. She was previously at Union Bancaire Privée (UBP) in Geneva, where she was a member of the asset management executive committee. Florent Guy-Ducrot has been hired by the firm, which is a division of the SYZ Group, as head of business development, replacing Xavier Guillon. Guy-Ducrot has previously been head of sales and distribution in various asset management companies including HSBC and Crédit Agricole (now Amundi).Schroders – Owen Scarrott is joining Schroders early next month in the newly created role of materials and energy global sector specialist. He most recently worked as an equity analyst at Morgan Stanley and had similar jobs at Credit Suisse and Goldman Sachs. Scarrott will be based in London and report to Simon Webber, who is responsible for the global sector specialist team.Pioneer Investments – Michael Dirstine has been hired by Pioneer Investments and will take on the newly created role of institutional business development officer. He will be based in Boston. Before joining the firm, Dirstine was vice-president of institutional sales at Eaton Vance.Russell Investments – Van Luu has been appointed head of currency and fixed income strategy at Russell Investments, to be based in London. He will report to Andrew Pease, global head of investment strategy. He comes to the firm from Norges Bank Investment Management, where he was a senior analyst for investment policy and allocation strategies. NAPF, Whitbread, comPlan, Sulzer, Swisscom, RobecoSAM, Redington, Morningstar, SYZ Asset Management, Schroders, Pioneer Investments, Russell InvestmentsUK National Association of Pension Funds – Lesley Williams, group pensions director at Whitbread, has been appointed chair of the NAPF, succeeding Ruston Smith, whose two-year tenure will end at the NAPF annual general meeting on 16 October. Williams has been a non-executive director of the NAPF since 2011 and is currently chair of its defined contribution council.comPlan/Sulzer – Urs Schaffner will leave his position as managing director of the CHF4bn (€3.8bn) pensionskasse for the machinery maker Sulzer (SVE) to become head of the CHF9.5bn pension plan for telecommunications company Swisscom (comPlan) from October. He will replace André-Pierre Schmidt, who is leaving after five years. At SVE, the search for a replacement for Schaffner is ongoing. It has now also been confirmed that Edouard Stucki, formerly at Towers Watson Switzerland, has joined the asset management team at comPlan at the beginning of the year. RobecoSAM – Bas Knol has been appointed active ownership specialist in RobecoSAM’s governance and active ownership team, taking up the role on 1 June. Before this, he was at ABN AMRO Private Banking, where he was responsible for integrating environmental, social and governance factors into the investment process.last_img read more

Child advocate wants proper correctional facility for juveniles

first_img Share Share Sharing is caring! Tweet 18 Views   no discussionscenter_img LocalNews Child advocate wants proper correctional facility for juveniles by: – April 7, 2012 Share Fr. Franklyn Cuffy.An advocate for children’s rights want has called for authorities to swiftly address the issue of a proper correctional facility for young offenders in Dominica.Fr. Franklyn Cuffy believes that the lack of such facility could be a major contributing factor for the increase in criminal activities among juveniles. “I think our constitution says when a young person commits an act they should be sent to a training center but we send them to the state prison. To my mind this is a violation of the constitution, a violation of the rights of the young person,” he said.Cuffy said justice is not being done hence the reason for the increase in violence.“People do not want to feel insecure. People do not want to feel humiliated, people do not want to feel rejected so they are taking it into their own hands and this is one of the reasons why this ugly picture of violence is showing its face in Dominica”.He noted his elation however at the number of youths who participated in a National Youth Rally last weekend in Mahaut.“Over 100 young people showed up on the grounds of the Mahaut School on Palm Sunday. They displayed their talents, they prayed, they had clean fun,” he said.Cuffy believes that the nation needs to continue to put their trust in the youth to help motivate and encourage them to engage in positive and socially acceptable behavior.“We need to encourage them to display and share the gifts and talents that they have, if we can do that there will be less violence among our young people,” he explained.Dominica Vibes Newslast_img read more

Aján resigns as honorary IOC member

first_img Aján has been at the IWF since 1976, serving 24 years as general secretary and the past 20 as President. His fifth term as President was due to run until May next year, and at the age of 81 he said he would not stand again. Aján stepped aside pending an investigation, led by Canadian lawyer Richard McLaren, into the claims made in the documentary. The Hungarian has been replaced by Ursula Papandrea of the United States, who will head an Oversight and Integrity Commission “whose responsibilities will include identifying, nominating and recommending independent experts in fields including anti-doping and financial reporting”, according to the IWF. The new Commission will report to the Executive Board and the IWF Congress, scheduled for Bucharest on March 11 to 13. Aján’s membership of the IOC was linked to his function as IWF President and he was elevated to honorary status after reaching the age limit of 70. During his time on the IOC, Aján served as a member of four commissions – Sport for All, sub-commission on Out-of-Competition Testing, Olympic Movement and International Relations. Read Also:Aján’s 44-year reign at IWF under threat as Executive Board members demand change He becomes the second IOC honorary member to quit the role in recent years after disgraced former International Association of Athletics Federation President Lamine Diack resigned following his arrest on corruption charges in November 2015. FacebookTwitterWhatsAppEmail分享 The IOC said the 81-year-old, who served as an IOC member from 2000 before assuming honorary status in 2010, had stepped down as he “wanted to protect the reputation of his sport and that of the Olympic Movement”. Aján was the main subject of the German television documentary Secret Doping – Lord of the Lifters broadcast by ARD on January 5, which featured allegations of corruption, both financial and in anti-doping procedures. The Hungarian official stepped aside as IWF President for 90 days following the documentary, the content of which was described by the IOC as “very serious and worrying”. Aján denies wrongdoing and the IOC said he had “offered his resignation whilst rejecting in the strongest possible terms allegations recently made against him in a TV programme”. “At the same time, Mr Aján explained that he had realised that these allegations are overshadowing Olympic preparations and Olympic competitions in his beloved sport of weightlifting,” a statement from the IOC read. “For this reason, with his resignation he wanted to protect the reputation of his sport and that of the Olympic Movement. “The IOC Executive Board expresses its thanks and great respect for this personal gesture by Mr Aján.” Loading… International Weightlifting Federation (IWF) President, Tamás Aján, has resigned as an honorary member of the International Olympic Committee (IOC) after he was accused of corruption in a German TV programme. Promoted ContentMost Outstanding Female Racers Who Made History In SportsEverything You Need To Know About Asteroid Armageddon6 Most Unforgettable Bridges In The WorldEver Thought Of Sleeping Next To Celebs? This Guy Will Show YouMagnetic Floating Bed: All That Luxury For Mere $1.6 Mil?Birds Enjoy Living In A Gallery Space Created For ThemWhich Country Is The Most Romantic In The World?A Guy Turns Gray Walls And Simple Bricks Into Works Of Art2020 Tattoo Trends: Here’s What You’ll See This YearThe Very Last Bitcoin Will Be Mined Around 2140. Read More10 Characters That Should Be Official Disney PrincessesBest & Worst Celebrity Endorsed Games Ever Madelast_img read more

Funeral services today for John Deery Sr.

first_imgCEDAR FALLS, Iowa – Funeral services for John Deery Sr. are today (Monday) at 11 a.m. at St. Patrick Catholic Church in Cedar Falls.Deery, 88, died Wednesday, July 18 at the age of 88. He founded the Deery Brothers Automotive Group after serving in the United States Marine Corps.Visitation is continued one hour before services at the church. Military honors will be conducted by Cedar Falls AMVETS Post 49 and burial will be at Fairview Cemetery.Survivors include his wife Marlene; his two sons, John (Jodi) Deery Jr. and Dan (Julie) Deery, both of Cedar Falls; nine grandchildren and 11 great-grandchildren; his sister, Edith (Don) Sankey of Rockford, Ill.; a nephew, Brad (Jeanne) Deery of Burlington; and many other nieces and nephews.Memorials may be directed to the church, Cedar Valley Hospice or the Western Home Communities.last_img read more

Cricket News England vs India 5th Test: Alastair Cook hits fifty as England reach 123-1 at tea on day 1

first_imgNew Delhi: Opener Alastair Cook hit a patient half-century in the final match of his career as England reached 123 for one at tea on the opening day of the fifth and final Test against India at the Oval on Friday.The 33-year-old Cook, who is playing his final Test for England after which he will retire from international cricket, had eight hits to fence in his 177-ball unbeaten innings as he shared 60 runs with opening partner Keaton Jennings (23) and then forged an unconquered 63-run stand with Moeen Ali (23) for the second wicket.At the break, Cook was unbeaten on 66 runs, while Ali was batting on 23 not out having faced 102 balls.Also Read | England vs India, 5th Test Preview: Battle of pride for Kohli and coPost lunch, India toiled hard and tightened their lines as the pacers got some seam movement. Jasprit Bumrah (0-31) and Ishant Sharma (0-17) bowled threatening spells, and could have easily accounted for both batsmen.In the 31st over, Ajinkya Rahane dropped Cook (on 37*) at gully off Sharma. Three balls later, Virat Kohli dropped Ali (on 2*) at third slip off Bumrah.Ali also survived an lbw shout in 33rd over off Bumrah, with India’s DRS appeal being turned down. In fact he was lucky to survive this session at all, as Mohammed Shami (0-27) beat him on umpteen occasions but simply didn’t find the edge.Cook was more solid at the other end, and duly reached his 57th half-century off 139 balls to a rousing reception from the packed crowd. In doing so he put on 50 with Ali off 158 balls for the second wicket stand.Despite India’s toils the breakthrough didn’t come, even as England scored at a slow pace with only 55 runs coming in the two-hour session with 100 coming up in only the 59th over.Also Read | England vs India, 5th Test Preview: Battle of pride for Kohli and coEarlier, England made their best start of the series, reaching 68-1 at lunch after skipper Joe Root won his fifth consecutive toss of the series and opted to bat.Cook as given a ‘guard of honour’ by the Indian team as he walked out to bat in his final Test.Opening bowlers Bumrah and Sharma found some movement in the initial overs, but the wicket turned out to be best for batting in this series so far.The early movement disappeared very quickly as Cook and Jennings made a sedate start. Hanuma Vihari (0-1), who earned his maiden Test cap replacing Hardik Pandya, was also in action as he came on to bowl first-change in the 14th over.It was his solitary over though, as Jadeja (1-36) and Shami took over bowling duties after the drinks’ break.Cook and Jennings brought up only their second 50-partnership this series off 107 balls, and went on to put up their best opening stand in five Tests — 60 runs. Their previous highest was 54 at Trent Bridge.Jennings though couldn’t go on for longer, as he edged Jadeja to leg slip in the 24th over with KL Rahul adding another catch to his tally.Ali and Cook then batted out the remaining session until lunch, with India hardly creating any threatening chances. For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.last_img read more

Rain hurts Windies bid for World Cup qualification

first_imgTHE series between West Indies and Afghanistan ended in a 1-1 tie as the deciding match was washed out by rain, which had been heavy overnight and persistent through the day.There was just enough time with clear skies for the two captains to come out for the toss – two hours after schedule – but as soon as Asghar Stanikzai found the favour of the coin, he lost those of the elements.A drizzle prompted the groundstaff to cover the square again and pushed the match into an interminable delay. For your information, Afghanistan opted to bat.In other news, West Indies coach Stuart Law, during a pre-match interview with the host broadcaster, was very frank in his assessment of the team. He said his players were actually less experienced than the opposition’s – an Associate Member – in ODI cricket and also admitted that West Indies were in a great struggle to climb up the rankings and gain automatic qualification for the 2019 World Cup.The top eight sides on September 30 will be locked in to play the showpiece event in England – and with Bangladesh making the semi-final of the Champions Trophy and Pakistan going one better to secure a spot in the final, they will likely widen the gap between themselves and the No. 9 ranked West Indies. The international teams that don’t make the cut must then participate in a gruelling qualifying tournament in April 2018, when 10 contenders, including the best of the Associate nations, fight for two spots.“But we can’t be focussed on that,” Law said. “We have to be up for this contest, and then the next series against India. If we can win a couple of games, and then a couple against England, I’m sure we can climb the ladder. Whether or not we get direct entry into the World Cup, I’m not sure.”West Indies had begun the series on 79 points. Even if they had won it today, they still would have lost a point.(ESPN Cricinfo)last_img read more

FIFA publishes Garcia World Cups report after leak

first_imgBy Brian HomewoodZURICH, Switzerland (Reuters) – The global soccer body FIFA said yesterday it had decided to publish the Garcia report into the decision to award the 2018 and 2022 World Cups to Russia and Qatar respectively, more than two-and-a-half years after the investigation was completed.The 430-page report lists in great detail the wheeling and dealing which went on behind the scenes in the bidding race.It said that “flaws” in the process were caused by a “culture of expectation and entitlement” among FIFA executive committee members who held the right to vote for the hosts.FIFA said its decision to publish was made after the report, compiled by its former chief ethics investigator Michael Garcia in 2014, was “illegally leaked” to a German newspaper.“For the sake of transparency, FIFA welcomes the news that this report has now been finally published,” it said, adding that the decision was made “to avoid the dissemination of any misleading information.”Garcia, who is now an associate judge at the Court of Appeals for the state of New York, spent 18 months and interviewed 75 witnesses as he investigated the convoluted bidding process for the two tournaments.His report was not published but instead handed to the-then FIFA ethics judge Hans-Joachim Eckert, who issued a 42-page summary which said there was not enough evidence to re-open the bidding process.Garcia publicly criticised Eckert’s summary and resigned one month later, in December 2014. FIFA then agreed the report could be published once all investigations against individuals had been completed.FIFA’s situation took a dramatic turn in 2015 when several dozen soccer officials were indicted on corruption-related charges in the United States, while the Swiss attorney general’s office opened a criminal investigation into the award.FIFA president Sepp Blatter was later banned for six years following an internal ethics investigation.The report said Blatter, who has denied any wrongdoing, bore “some responsibility for a flawed process that engendered deep public scepticism”, though it also praised him for implementing reforms including those which made the report itself possible.England, Spain/Portugal and the Netherlands/Belgium were the other countries bidding for the 2018 World Cup, while Australia, Japan, the United States and South Korea were Qatar’s rivals for the 2022 tournament.last_img read more

Skaneateles girls hockey stopped in sectional final

first_imgThough it took a far longer and far more difficult path to this point, and would not be on home ice, the Skaneateles girls hockey team still found itself playing for another Section III championship.It came down to the no. 3 seed Lakers defending its title against top seed Clinton Thursday night at Cicero Twin Rinks.And while Sknaeateles finally broke a long shutout streak by the Warriors, it could not keep Clinton from breaking through for its first-ever sectional title, prevailing 4-1 to avenge losses to the Lakers in the 2018 and 2019 finals. Tags: girls hockeyskaneateles Rebecca Cain and Rachelle Cain both picked up assists, too, and though Shea Baker scored for Ithaca, Evie Sheridan, accustomed to post-season pressure, turned everything else back, finishing with 19 saves.In the other semifinal, Clinton blanked Oswego 2-0, setting up the title clash as the Warriors entered the night unbeaten in 11 straight games.Skaneateles knew that pulling off this win would require a big turnaround from their two earlier encounters in January, where Clinton had twice shut out the Lakers by margins of 4-0 and 3-0.Applying pressure from the outset, the Warriors got an early power play that Skanetaeles killed off thanks to a pair of Sheridan stops.But at the eight-minute mark of the first period Mia Lopata won a face-off and passed it to Drew Kopek, who alone in front of the net beat Sheridan to put Clinton in front.Far more important was Ella Greico tipping in Hailey Kwiatkowski’s shot from the right circle with 1:33 left in the period.That, along with the Warriors killing off a five-on-three Lakers advantage early in the second period, proved a turning point, Clinton extending its margin to 3-0 when Lopata scored at the 10:01 mark.It wasn’t until the Lakers’ fifth power play with 3:59 left in regulation that it finally got a goal against the Warriors, scored by Rebecca Cain off a feed from Torrey, but Greico sealed it with an empty-netter in the final minute.Overall, Sheridan had 27 saves and was named a first-team All-League selection in goal, with Torrey earning second-team honors as Lopata was chosen as the league’s Player of the Year.Skaneateles finished at 6-8-1, but with just one senior on its roster it should be poised for another championship run in 2020-21.Share this:FacebookTwitterLinkedInRedditComment on this Story center_img Just getting here, though, required Skaneateles to go on the road in last Tuesday night’s semifinal round and take out no. 2 seed Ithaca – which the Lakers did, defeating the Little Red 3-1.During their regular-season meetings, Skaneateles had tied Ithaca 1-1 on Dec. 20 and then beat them 2-1 on Jan. 16, less than two weeks before the playoff encounter.Here, the Lakers were more productive, with Adriana Barbuto getting one goal and one assist as Lizzy Sachar and Campbell Torrey also found the net.last_img read more