LKQ Continues Acquisition Strategy in Third Quarter 2010
The company says these acquisitions improve LKQ’s wholesale aftermarket and recycled parts distribution in a number of markets including Philadelphia and Cincinnati. The acquisitions also increase the company’s production capacity for the refinishing of aluminum wheels and expand its paint distribution in the Boston metropolitan market.
ArvinMeritor Demonstrates Commitment to Expand Its Brake Leadership Position in China with New Plant and Technical Center
ArvinMeritor also announced plans to invest $42 million to advance its foundation brake leadership position in Europe. This investment will focus on the expansion of ArvinMeritor’s successful ELSA air disc brake and S-Cam product lines, as well as the development of future generation braking technologies, and vehicle and lab performance testing and validation.
GM to Add 483 Jobs at Spring Hill Engine Plant
Automaker will spend $483 million to build next-generation Ecotec engine and current engines.
JAC and Navistar to Produce and Market Commercial Trucks and Diesel Engines in China
Through engine JV, Navistar and JAC will establish a research and design center in China’s Anhui Province for application engineering development, product design and technology advancements. A dedicated manufacturing facility will be constructed in Hefei, Anhui Province of China to produce JAC and the Navistar-designed MaxxForce brand diesel engines. The truck joint venture will build vehicles at an existing 800,000-square-foot JAC manufacturing facility dedicated to medium and heavy duty trucks.
Associations Applaud Passage of Small Business Lending Bill
The bill provides for $12 billion in tax breaks to businesses to encourage investment and hiring, and would allow businesses to write off more of their equipment buying or improvement costs. The self-employed could deduct health-care costs from the self-employment tax under the bill.
The Pulse: Shop Participation in Manufacturer Training
In this installment of The Pulse, we look at data from IMR that shows repair shop participation in manufacturer-sponsored training.
NUCAP Expands in China
Due to rapid growth in sales of its disc brake backing plate, NRS and shims, NUCAP China says it has outgrown its current 40,000-square-foot facility, and as a result has moved to a new 135,000-square-foot facility. The new location is in the same Jiading district of Shanghai in which it currently resides. NUCAP plans to begin occupying the new facility in October.
SPX Service Solutions to Develop New Vehicle Interface Module for Toyota
The new VIM, to be based on SPX proprietary vehicle communication interface technology, will be developed as a global tool and utilized as an approved diagnostic repair solution for Toyota dealers. The announcement was made at the Automechanika 2010 trade show taking place this week in Frankfurt, Germany.
I-CAR Education Foundation Holds Ninth Annual Golf Fundraiser
The event, presented by PPG Automotive Refinish, raises more than $30,000 for scholarships and school grants.
A123 Systems Opens the Largest Lithium Ion Automotive Battery Manufacturing Plant in North America
Company says new facility in Livonia, Mich., significantly expands A123’s production capabilities to meet increasing global demand; company expects to create thousands of jobs in Michigan.