The Week in Review (Nov. 26-30, 2007)
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, click on any of the dates listed at the bottom of
Delco Remy Quick Reference Guide Now Available
ANDERSON, IN — Delco Remy has released its new Cross Reference Guide for fleet owners and operators, truck technicians or starter and alternator salespeople. The 104 page guide is organized into six sections: Remanufactured Alternators, Remanufactured Starters, Popular New Service Alternators, Popular New Service Starters, Miscellaneous and Interchange. Finally, on the last page there is
The Week in Review (Nov. 12-16, 2007)
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, click on any of the dates listed at the bottom of
Herman Trend Alert: Agriculture Will Continue to Boom
With the growing demand for farm products, agriculture in the United States and elsewhere is booming. This boom in agricultural products, like corn, soybeans, wheat, produce, milk and poultry, translates to big profits for farmers and many others in related industries, including food processing plants, trucking firms, railroads and even equipment makers.
Delphi, GM Reach Deal on Exit Financing
Delphi Corp. said Wednesday it reached an agreement with General Motors Corp. and investors for a new Chapter 11 reorganization plan that requires $5.2 billion in exit financing. A previous reorganization plan required $7.1 billion in exit financing. New terms can be achieved "during this challenging capital markets environment," Delphi Chief Restructuring Officer John Sheehan said Wednesday in a written statement.
DURA on Track to Emerge from Chapter 11 in the Fourth Quarter of 2007
ROCHESTER HILLS, MI — The U.S. Bankruptcy Court for the District of Delaware has approved DURA Automotive Systems’ engagement and fee agreement with Goldman Sachs Credit Partners, L.P. and Barclays Capital in connection with the arrangement of approximately $425 million in credit facilities to be used to fund DURA’s exit from Chapter 11 in the
Week in Review – Nov. 9
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, click on any of the dates listed at the bottom of
3M to Acquire Bondo Corp.
3M has entered into a definitive agreement to acquire Bondo Corp., a manufacturer of auto body repair products for the automotive aftermarket and other professional and consumer applications. Bondo employs approximately 160 people at its operations in Atlanta, GA. The transaction is expected to close in the fourth quarter, subject to customary closing conditions. According to 3M, Bondo’s established brand complements 3M’s line of auto body repair products for the automotive aftermarket.
From Counterman.com: Why Buy Direct?
The phrase “buying direct” conjures up all sort of feelings in the aftermarket, both for repair shops and distributors. For me, those words bring to mind a primal desire to “cut out the middleman” and participate in the world of “deep discounts.” Wow, wouldn’t it be great to bump profit margins from resale parts from an average of 30 percent to more than 50 percent? Or wouldn’t it be even better to increase car count by undercutting our competitors by 10 percent on parts-intensive repairs like undercar or air conditioning services? The short answer is that if every small, independent automotive repair shop in the United States could “buy direct,” the playing field would be leveled and the service market would remain very much as it is now. But the question remains: Is there any advantage to buying direct?
The Week in Review
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, click on any of the dates listed at the bottom of