OEM Releases Branded ‘Spin-On’ Oil Filters
FORT LAUDERDALE, FL –Original Engine Management (OEM) recently released branded ‘spin-on’ oil filters in June, completing its filtration line. New senior product manager Allen Wright was responsible for bringing this new product to market. “The OEM oil filter line design features match to fit and functionality of the vehicle’s original parts. The line also reflects
The Week in Review (June 4-8, 2007)
By Arianne Anderson The Week in Review offers a snapshot of the most 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, click on any of the dates listed at the bottom of the
R. L. Polk & Co.’s Ask the Industry Looks at Budgeting for Education and Training
In a recent five-part series written exclusively for Counterman, industry consultant Tom Easton said, “Business impact and ROI are the only reasons for training and employee education programs.” For automotive aftermarket suppliers, knowing that your end-user has a good working knowledge and understanding of your product is vital. It not only ensures that your product will be used or installed correctly and safely, but is also yet another way to reinforce your brand’s image and reputation of quality – something all aftermarket suppliers strive for today.
LKQ Expands into Canada with New Acquisition, Also Acquires Business in Louisiana
LKQ Corp. has acquired a recycled parts business near Toronto, Canada, marking the company’s first entry into the Canadian recycled auto parts market. Dominion Auto Recycling located near Toronto, Canada, serves the professional repair market. This business operates out of an approximately 13 acre facility. In a separate transaction, LKQ acquired an aftermarket business in Louisiana. Cenla Body Parts is an aftermarket business located in Alexandria, LA. This business has approximately 17,000-square-feet of warehouse space dedicated to aftermarket parts.
SEMA Research Shows Vehicle Accessorization Trend Still Going Strong
DIAMOND BAR, CA — American drivers continue to embrace the notion of customization and personalization, having purchased a record $36.72 billion worth of specialty automotive products in 2006. The number represents a 7 percent increase over 2005, when sales reached $34.28 billion. “Today’s consumer wants something unique and different,” said Jim Spoonhower, vice president of
CARDONE Industries Acquires Crown Remanufacturing
The editorial staff of aftermarketNews has confirmed that CARDONE Industries has purchased the assets of competing remanufacturer Crown Remanufacturing. Both companies are based in Philadelphia, PA. Established in 1973, Crown evolved from a small, single line rebuilder to become one of the nation’s leading auto parts remanufacturers in the U.S. CARDONE Industries, Inc. has been a leading global supplier of automotive products for more than 35 years.
Dura Granted Four Month Extension for Drafting Reorganization Plan
A report today from the Detroit Free Press stated that, Rochester Hills, MI-based auto parts supplier Dura Automotive Systems has been given an additional four months to draft its reorganization plan without interference from creditors. Yesterday, Judge Kevin J. Carey at the U.S. Bankruptcy Court in Wilmington, DE, extended the company’s exclusive right to propose
Siemens Receives Several Bids for Complete Takeover of its VDO Unit
Siemens AG has received several highly priced offers for a complete takeover of its VDO automotive unit, Manager Magazin has reported. Continental AG has offered just under $15 billion for VDO and U.S. car parts supplier TRW Automotive has also submitted a bid, the report said.
The Week in Review
By Amy Antenora Editor The Week in Review offers a snapshot of the most 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, click on any of the dates listed at the bottom of
R. L. Polk & Co’s Ask the Industry Looks at the Increased Selling and Buying of Outsourced Products
The words “offshoring” and “outsourcing” are loaded terms that can touch a nerve with some in the automotive aftermarket. The idea of manufacturing or importing product from overseas brings up questions about quality, safety and intellectual property, not to mention concerns over the loss of U.S. manufacturing jobs. However, for many in the aftermarket, outsourcing is starting to lose its stigma; not everyone in the aftermarket still sees outsourcing as a dirty word.