Reuters has reported that auto parts maker Federal-Mogul Holdings Corp. has received a proposal from billionaire Carl Icahn’s Icahn Enterprises L.P. to buy shares of the company it does not already own.
Shareholders will receive $7 per share in cash, representing a premium of about 41 percent to the Federal-Mogul’s Friday closing.
Read more at Reuters.
The company is now offering OE recycled engines, in addition to its expansive line of OE recycled transmissions and transfer cases.
Transtar Industries announced it "added another solutions-driven product offering as part of its mission to simplify complex vehicle repair and keep the world moving." The company is now offering original equipment (OE) recycled engines, in addition to its expansive line of OE recycled transmissions and transfer cases.
Over the past six months, Transtar said it has significantly increased its product offering to respond to the evolving needs of auto repair shops.
ZF said the effort was in line with its dedication to sustainability, zero-waste and circularity.
The new items represent more than 10 million vehicles in new coverage, PRT said.
Sustainability is embedded in every facet of the company’s operations, Joffe affirmed.
The company expects no changes to availability going forward and little to no customer impact as the consolidation is completed.
Sales were $5.8B, a 0.3% increase compared to the same period of the prior year.
The company attributes the growth to strategic initiatives and its LiftKits4Less.com platform, which was reactivated five months ago.
General repair product lines are now available at Transtar’s branch in Fort Worth, Texas, in addition to transmission and driveline-related products.
The ability to work with Nissan secure systems is available on Snap-on Wi-Fi enabled products operating the latest software.
