CRP Automotive 2010 Catalog Series Unveiled
The CRP Automotive catalog series includes the 2010 Belt and Belt Kit Car and Light Truck Application Catalog, complete with the new Pro Series timing kits, as well as an expanded Rein Automotive program inclusive of the new 2010 A/C and Cabin Air Filter Catalog and the 2010 Undercar Application Catalog.
CRP Pro Series Timing Kit Program Adds 30 New SKUs
CRP Automotive Pro Series Timing Belt kits offer a convenient and cost-effective solution by reducing additional labor for performing the vehicle manufacturers’ recommended practice of replacing all of the timing system components simultaneously.
CRP Launches Innovative New Web Site
The new CRP Automotive site features three distinct brand sites for ContiTech belts, Rein Automotive A/C and Undercar genuine replacement parts and Pentosin technical automotive fluids.
Mindquest and TecDoc Form Joint Venture to Deliver Electronic Catalog for U.S. Aftermarket
Partnership combines significant electronic parts catalog experiences of both companies.
CRP Industries Names Action Sales & Marketing as New Rep Agency
Action Sales & Marketing will work to extend CRP’s product offering into areas that have not been traditionally serviced by the company.
Continental Looking for Tire Unit Buyer
Financial Times Deutschland has reported that Continental AG may be actively looking to sell off its tire and ContiTech units. The report said that Conti may have hired an investment bank to seek out potential buyers, citing unnamed people close to the situation. The move may stem from reports by Handelsblatt that Conti may have
Continental Executive Board Announces Reorganization; Company May Spin-off Rubber Division
Continental AG says it has opened up broader future options for itself by reorganizing the duties of its executive board members to greater concentrate on two core business fields. As of Oct. 1, Continental Executive Board chairman Karl-Thomas Neumann will take the reins of the Automotive group, consisting of the Chassis & Safety, Interior and
Neumann Appointed New Conti Exec Board Chairman
At its meeting Aug. 23, the supervisory board of Continental AG decided upon the appointment of Karl-Thomas Neumann as new executive board chairman, effective Sept. 1. Neumann has been a member of the Continental Executive Board since October 2004 and is succeeding Manfred Wennemer, who was granted early release from his duties, effective Aug. 31. A newly created position, that of deputy chairman of the executive board, will be assumed by Alan Hippe, CFO of Continental AG and president of Continental Tire North America, who is also responsible for the passenger and light truck tires division.
CRP Appoints Western Regional Sales Manager for Traditional Aftermarket
CARTERET, N.J. – CRP Industries has announced the appointment of Dennis Losey to the position of western regional sales manager, Traditional Aftermarket Business Unit. Founded in 1954 as the North American partner of Continental AG, CRP Automotive supplies ContiTech branded timing belts, timing belt kits and serpentine belts; Pentosin technical automotive fluids; and Rein Automotive
Schaeffler Likely to Take Control of Continental AG in 2010
Schaeffler Group is likely to wait until 2010 before it takes full control of Continental AG, German radio station NDR1 reported on July 16, just a day after Continental rejected the smaller company’s $17.7 billion takeover run. The report, which didn’t cite any sources, suggests that Schaeffler will wait until the lion’s share of the loan arrangement Conti racked up to finance the Siemens VDO acquisition expires. According to the report, this would also mean Schaeffler would have to re-negotiate conditions before the loans expire, and, in the current conditions, would not get such a good deal.