ShowMeTheFilters.com Expands Coverage
Advance Auto, ANSA, ASC, Dorman, Omega, OEM and Parts Plus join ShowMeTheParts.com.
Conti Launches Successful Bond Placement
The notes will be listed on the Frankfurt Stock Exchange’s Open Market.
Communications Chief Prokop Leaving Conti
On Nov. 17 Continental announced that Heimo Prokop will leave his position with the company at the end of 2009. Continental AG’s global communications chief was described by the company as “a formative influence on communication in decisive phases of the corporation’s development.” Until a successor is appointed, the current press spokesman and vice president of media relations Hannes Boekhoff will head corporate communications on a temporary basis.
Mindquest and TecDoc Form Joint Venture to Deliver Electronic Catalog for U.S. Aftermarket
Partnership combines significant electronic parts catalog experiences of both companies.
Reports Speculate Conti Now Sees Schaeffler Takeover as ‘Desirable’
Schaeffler Group’s so-called “sneaking takeover” of Continental AG now appears to be unstoppable, following the supervisory and executive boards’ decision that an agreement with Schaeffler, parent company of brands LuK, FAG and INA, is “desirable.” At the same time, talk arose of a possible “white knight,” an outside firm more friendly to Conti that could counter Schaeffler’s bid.
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
SmarTire Reaches Settlement with Siemens on Patent Infringement Lawsuit
SmarTire Systems has settled its patent infringement lawsuit against Siemens VDO Automotive Corp., now known as Continental Automotive Systems US, Inc. SmarTire’s remaining patent infringement claim against Schrader-Bridgeport International, Inc. and Schrader Electronics Ltd. in the same case will continue with a jury trial now set to begin on May 7, subject to the court’s ruling on pre-trial motions.
The Top Ten News Stories of 2007
For the fourth year in a row, the editorial staffs of aftermarketNews and Counterman magazine have selected what they determined to be the most significant events to impact the automotive aftermarket in the past year. News stories are presented in chronological order.
Second Bidder Emerges for Delphi Division
A private-equity firm in Florida made a competing offer for Delphi Corp.’s steering business, setting the stage for a bidding war over the division as Chairman Steve Miller tries to wrap up Delphi’s two-year bankruptcy. Sun Capital Partners Inc., based in Boca Raton, FL, said in court papers Monday it would pay nearly $10 million more in cash than Los Angeles-based Platinum Equity has proposed for Delphi’s steering business.
Siemens Supervisory Board Approves Management Board Reduction, New Members
From AFX News Limited FRANKFURT — Siemens AG said its supervisory board approved the reduction of its management board from 11 to eight members to reflect the company’s new structure and appointed new members to the board. The changes will be effective as of Jan 1. The company is regrouping its operations in the three