Hella Reports Full Year Sales of $5.7 Billion
PLYMOUTH, Mich. — Hella KGaA Hueck & Co., a tier-one supplier of automotive lighting and electronic components, has reported a seven percent increase in sales, to $5.7 billion during the company’s 2007-08 fiscal year. Operating profit, measured by earnings before interest and tax (EBIT), grew from $66.8 million during the year-ago period to $209 million.
SEMA Lauds New Chinese Sale Regulations
DIAMOND BAR, Calif. — New Chinese laws enable U.S. aftermarket companies to sell products in China legally, according to a recent announcement from the Specialty Market Equipment Association (SEMA). “Legal uncertainties have been a major deterrent to our member’s participation in the growing Chinese automotive market,” said SEMA Chairman Jim Cozzie. “This pro industry amendment
The Week in Review (Sept. 2-5, 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, just click on the link that says "News Archives" at the
The Week in Review (Aug. 25-29, 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, just click on the link that says "News Archives" at the
The Week in Review (Aug. 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, just click on the link that says "News Archives" at the
Larry Samuelson To Speak At CAWA 2008 Annual Dinner Meeting
Larry Samuelson, president of U.S. Automotive Parts Group and CEO UAP Inc., will be the keynote speaker at the California/Nevada/Arizona Automotive Wholesalers’ Association (CAWA) annual dinner. Samuelson started his career with Genuine Parts Co. as an executive trainee in Los Angeles and has risen through the company hierarchy to his current position. "We are so pleased to have someone of Mr. Samuelson’s caliber and position in the aftermarket as this year’s annual dinner speaker," said Rodney Pierini of CAWA. "He follows in the footsteps of other industry leaders who have taken time out of their very busy schedules to address CAWA members, prospective members and friends from throughout the country."
The Week in Review (Aug. 11-15, 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, just click on the link that says "News Archives" at the
Telematics: Aftermarket Threat or Opportunity?
There was a time when a “Jetsons”-like future seemed just a fantasy. Today, however, the space-age cartoon isn’t far off the mark, at least when it comes to the automotive industry. We may not be driving around in hovercrafts just yet, but with the latest advances in telematics, it doesn’t seem far-fetched.
Executive Interview with Dan Freeman, APA President and CEO
In this exclusive interview Automotive Parts Associates (APA) President and CEO sits down with aftermarketNews to talk about WD consolidation, what his members are doing to reduce costs and increase efficiency and why global membership is not a priority for APA.
Grant Thornton Report Says Supplier Bankruptcy Risk is High
SOUTHFIELD, Mich. — Lower industry volumes and the massive decline in truck and SUV sales have put as many as one-third of automotive suppliers in North America at risk of bankruptcy, according to the Summer 2008 Automotive Industry Review prepared by Grant Thornton Corporate Advisory and Restructuring Services. At the same time, bankruptcy concerns for