Reaction to Chrysler Restructuring
Ford, GM and NADA react to Chrysler’s restructuring. The governments of Canada and the U.S. do, too.
Executive Interview with Tom Marx, President and Co-Founder of Marx Group Advisors
Tom Marx talks about his newly formed business Marx Group Advisors and also shares his insights on M&A trends and the future landscape of the aftermarket.
Goodyear Directors Re-Elected at 2009 Annual Meeting
Steven Minter, retired president and executive director, The Cleveland Foundation, did not stand for re-election and has retired from the Board of Directors.
Timken Realigns to Improve Efficiency, Reduce Costs; Announces Leadership Changes
Moves will provide Timken with savings of $30 to $40 million.
Eighty Percent of Vehicles Need Service and Parts, Reports Car Care Council
Council says consumer neglect offers aftermarket sales opportunities.
Schaeffler Concludes Takeover of Continental AG
As a result of all the recent share trading, Schaeffler Group holds 49.9 percent of the voting stock of Continental AG and is therefore the company’s largest shareholder.
AASA President and COO Steve Handschuh Talks about the Auto Industry Bailout
The editorial staff of aftermarketNews recently sat down for a quick “Q&A” on the subject with Steve Handschuh, president and COO of the Automotive Aftermarket Suppliers Association (AASA). Here, Handschuh elaborates on why this issue is so critical to the supplier industry and what must happen to stabilize the industry.
Senate Tells Automakers to Come Up with a Plan In Order to Get Funds
Automakers have until Dec. 2 to create a plan demonstrating “accountability and viability.”
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.
Three MNA Plants to See Sharp Reductions
The reductions will impact MNA’s passenger and light truck/SUV tire plants in Tuscaloosa, Ala., Ft. Wayne, Ind., and Opeilka, Ala. Some 40 percent of the workforce at those plants will be on temporary layoff, MNA said, an estimated 1,500 people.