Autoliv Closes Tyco Electronics Automotive Radar Sensor Deal
Autoliv has completed its previously announced acquisition of the automotive radar sensors business of Tyco Electronics Ltd. Autoliv acquired the business for $42 million.
Iteris to Distribute Delphi Active Safety Technologies for Commercial Trucks
SANTA ANA, Calif. — Iteris Inc., a developer of traffic management technologies, has been named the exclusive distributor of Delphi’s Forward Collision Warning System for North American commercial vehicles. Iteris will utilize its commercial truck OEM and aftermarket sales channels and application engineering expertise to integrate Delphi’s radar-based technology into its product portfolio for heavy
Autoliv Acquires Tyco’s Automotive Radar Sensors Business
Autoliv Inc. has agreed to acquire the automotive radar sensors business of Tyco Electronics Ltd. for $42 million. The business that Autoliv intends to acquire, is a “carve-out” of the Radio Frequency and Subsystems business unit within Tyco Electronics. This part of the business unit designs and manufactures active radar proximity and attribute sensor systems used in vehicle driver assist and safety applications for the global automotive market — and is the development partner of Daimler for automotive radar sensor technology. Existing customers include BMW and Chrysler along with other non-OEM customers.
Chrysler Says it Will End Leasing Next Week
Chrysler LLC will stop issuing new car and truck leases next week through its financial arm and instead turn its resources to financing loans for customers, it told surprised dealers Friday. This could mean car shoppers with less-than-perfect credit will have a harder time finding leases to acquire a Chrysler, Dodge or Jeep. But those who want to purchase a vehicle with a loan through Chrysler might get better deals. The decision comes as the value plummets for used vehicles — in particular trucks and SUVs — leaving manufacturers with vehicles with poor value at auction once the leases expire.
AutoZone Names Sponge First-Ever Agency of Record
For the first time in its 30-year history, AutoZone has hired an ad agency to assist the auto parts retailer with television, radio and interactive media promotions. Chicago-based Sponge has been named Agency of Record for AutoZone. In addition to developing advertising for AutoZone’s 4,000-plus stores around the country, Sponge will also handle the company’s Duralast brand.
GM, Ford Stocks Hit Historic Lows: Earnings Forecasts Cut on Poor Sales Outlook
From Detroit Free Press DETROIT — In the face of a slowing economy and higher gas prices, shares of General Motors Corp. and Ford Motor Co. sank to historic levels last Thursday after Morgan Stanley Research cut its earnings forecasts based on a lowered outlook for U.S. auto sales. Ford stock fell to its lowest
From Counterman.com: Who Says?
Never underestimate the power of words. Take a second to think before you speak — that second could mean all the difference in the world.
The Week in Review (Feb. 18-22, 2008
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
Pennzoil Unveils New Feel the Clean Brand Strategy
HOUSTON, TX – Pennzoil has embarked upon a new brand strategy that makes strong claims about the oil’s ability to help keep a vehicle’s engine clean. The company’s new brand initiative is built around the theme of “Feel the Clean” and will be supported by a new advertising campaign that made its debut with new
Northwood’s DeVos Graduate School of Management Announces Dealership Executive MBA
MIDLAND, MI — In response to the increased demand for advanced degrees specifically tailored to retail dealership operations, Northwood University’s DeVos Graduate School of Management, in conjunction with the Association of Finance & Insurance Professionals (AFIP), has announced a first-of-its-kind Master’s of Business Administration (MBA) program for dealer executives. The new MBA program will serve