The Week in Review offers a snapshot of the most read stories of the week as seen on aftermarketNews.com. To access the complete stories, simply click on the highlighted links. If you missed reading one of our daily news emails, click on any of the dates listed at the bottom of the page to begin catching up on the latest industry news.
This week’s highest read story on aftermarketNews is no surprise. The entire industry has been closely watching as one of the aftermarket’s biggest players has worked through Chapter 11 bankruptcy proceedings. In our exclusive Executive Interview with Federal-Mogul’s Jose Maria Alapont, the top executive provides an update on the company’s anticipated emergence from bankruptcy and also shares his insights on the future of the global aftermarket.
A close second to this week’s highest viewed story was the announcement that German manufacturer MAHLE has acquired Dana’s engine hard parts business. As part of the agreement, MAHLE will acquire all of Dana’s global engine hard parts business, including the Clevite aftermarket organization and exclusive distribution rights to Victor Reinz branded products in the U.S. and Canada.
And in other Dana news, a judge has ruled that top Dana executives will be eligible to receive up to $11 million in bonuses if they succeed in boosting the auto parts maker’s earnings over the next few years. AMN readers were interested to learn that the bankrupt company’s top executive Mike Burns could get at least $3 million in bonuses if Dana’s earnings before taxes and restructuring costs rises to $250 million in 2007.
Following the news in late November that WORLDPAC had opened a new DC in Queens, NY, AMN readers were interested to also learn about the distributor’s new website, featuring improved navigation, new features and new information.
To view all of the week’s news, simply click on the link for each corresponding day:
