The Week in Review (July 14-18, 2008) - aftermarketNews

The Week in Review (July 14-18, 2008)

By Amy Antenora

The Week in Review offers a snapshot of the most highly read stories of the week as seen on aftermarketNews. To access the complete stories, simply click on the highlighted links. If you missed reading one of our daily news emails, just click on the link that says "News Archives" at the bottom of the page to begin catching up on the latest industry news.

This has been a week of shake-ups for the automotive aftermarket.

Global giant Continental was on everyone’s mind this week as it tried to fend off the advances of the Schaeffler Group. On July 16, Continental rejected a nearly $18 billion takeover run from Schaeffler, another German auto parts maker of about half its size. According to the most recent reports, some analysts believe that Schaeffler, which owns about 36 percent of Continental currently, may hold off on the takeover until 2010, when Continental’s financing for the Siemens VDO acquisition expires.

Here are just a few of the reports we’ve gathered on the possible takeover:

Hostile Bid for Conti in the Works?

Conti Takeover Run Takes Twists and Turns

Schaeffler Likely to Take Control of Continental AG in 2010

In other news from the manufacturing sector, Affinia Group is ‘retooling’ its organizational structure. In order to increase efficiency and responsiveness in customer relationships, Affinia has organized global responsibilities under two positions — president of Global Filtration and president Global Brake & Chassis. Reporting directly to Terry McCormack, president and CEO of Affinia, the two group presidents have been assigned operational, sales and financial accountability for their respective groups. In conjunction with this change, the company announced that H. David Overbeeke, a senior executive with an extensive financial and management background, has joined Affinia as president, Global Brake & Chassis. He fills the role previously held by John Washbish, former president of Affinia’s Under Vehicle Group.

On the distribution side, O’Reilly’s forthcoming acquisition of auto parts retailer CSK Auto Corp. may be just around the corner. On Monday, O’Reilly announced that it had completed the purchase of more than 90 percent of CSK’s common stock, paving the way for a short form merger. Following the merger, shares of CSK common stock will no longer be traded on the New York Stock Exchange.

Insights from industry veterans are always popular with AMN readers and this week was no exception. Among our most-viewed features this week was our exclusive Executive Interview with Jesse Jones, director of marketing for MAHLE Clevite. In the interview, Jones brings us up to speed on MAHLE Clevite as the company celebrates nearly one and a half years under the ownership of Stuttgart, Germany-based MAHLE Group.

In addition, the most recent column from popular Babcox contributor Mitch Schneider was also a top pick this week. In “More Than Just Numbers to Me,” Schneider relays the tale of a defective thermostat housing that led him to ask why part failure rates aren’t more readily available whey they are “more than just numbers,” to him.

To view all of the news from the past week, simply click here to view our News Archives.

You May Also Like

XPeng Announces Vehicle Delivery Results for April

With cumulative deliveries nearing 10,000 units since its launch, XPeng remains the top-selling all-electric MPV in China, the company said.

Guangzhou, China-based smart electric vehicle provider XPeng Inc. announced its vehicle delivery results for April 2024.

XPENG said it delivered 9,393 Smart EVs, representing a 33% increase year-on-year, up 4% over the prior month. The XPENG X9 achieved monthly deliveries of 1,959 units in April, with cumulative deliveries nearing 10,000 units since its launch, maintaining its position as the top-selling all-electric MPV in China, the company said. Year-to-date, XPENG has delivered 31,214 Smart EVs, a 23% increase year-on-year.

Volvo Study: 64% of Canadians Are Eyeing EVs for Next Purchase

Volvo Car Canada’s 2024 Mobility Report identifies key trends around EV adoption in Canada.

BorgWarner Announces Additional eMotor Business

The company says its HVH220 eMotor offers high power and torque density, enhanced efficiency and superior durability.

EVgo Recognized with 1st Place Leadership Award

The Los Angeles Dept. of Water & Power honored EVgo for its commitment to transportation electrification, at LADWP’s 9th-annual Sustainability Awards event.

EVGo Award
GSP Releases New CV Axle Part Numbers

GSP said 14 new CV axle part numbers are in stock and ready to ship.

GSP

Other Posts

FullSpeed Automotive Appoints New Chief Marketing Officer

Stacey Pool brings more than two decades of marketing and e-commerce experience to FullSpeed.

Stacey Pool Full Speed Automotive
Advance Auto Parts Offers Race Fans Once-in-a-Lifetime Trip

One winner and a guest will “Do the Double” by attending the Indianapolis 500, before traveling to Charlotte for NASCAR’s 600-mile race.

PACCAR Elects New Board Directors

Pierre Breber and Brice Hill have been elected to serve on the PACCAR Board, effective July 1.

PACCAR Elects New Board Directors
Dana Releases Rear Semi-Float Axles for Jeeps 

The axles provide Jeep owners with a direct-fit, bolt-in upgrade solution that is built for superior strength inside and out, the company said.

DANA Axle