Chrysler Reports Progress on Fiat Alliance
Alliance is conditioned on U.S. government approval of Chrysler’s upcoming viability plan submissions.
Automotive Industry Awaits Word on Auto Loans from Bush Administration; Association Leaders React to the News
The White House said no decision will be made today, but action will be taken soon.
ArvinMeritor Confirms Plans for Sale of Light Vehicle Systems Business
In May, the company announced a plan to spin-off its Light Vehicle Systems business to ArvinMeritor shareholders, with the Commercial Vehicle Systems business remaining with ArvinMeritor.
Schaeffler Confident of EU Merger Approval in 25 Days; Tire Unit Not Noted as Part of the Deal
However, while Schaeffler’s public comments are fine-tuned to communicate that the merger plans are on track, details of whether or not tires will figure in any possible future merged company are noticeable by their absence.
Twelve Automakers Agree to NASTF’s New Service Information Standards – What Does this Mean for Right to Repair?
NASTF was created in 2000 as a not-for-profit, no-dues task force to facilitate the identification and correction of gaps in the availability and accessibility of automotive service information, service training, diagnostic tools and equipment and communications for the benefit of automotive service professionals.
Genuine Parts Company Reports Increased Sales and Earnings for Third Quarter and Nine Months
GPC’s Sales totaling $2.9 billion were up 3 percent, compared to the third quarter of 2007.
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
LIVE FROM GAAS: Hastings, VIP Garner Polk Inventory Efficiency Awards
Hastings Manufacturing, of Hasting, Mich., and VIP Parts, Tires and Service of Lewiston, Maine, were recognized yesterday with R.L. Polk’s Fourth Annual Inventory Efficiency Awards in the manufacturing and retailer/distributor categories. The awards were presented during the Global Automotive Aftermarket Symposium in Chicago.
Barry Soltz to Join AMRA/MAP
The board of directors of the Automotive Maintenance and Repair Association (AMRA) and the board of trustees for the Motorist Assurance Program (MAP) have jointly announced the selection of Barry Soltz as the organization’s executive director and president. Soltz, who most recently served as program manager for CARFAX, Inc., will officially take over upon the retirement of Larry Hecker on June 30. Soltz previously was president and CEO of the Automotive Engine Rebuilders Association.