Ultimate Sports Inc. Enters Automobile Market
USI is currently developing aftermarket fenders for two different mainstream automobile models.
GM and Koenigsegg Group Sign Deal for the Sale of Saab Automobile AB
The deal is expected to close by year’s end and will secure Saab’s future.
VIN: These Three Letters are the DNA of an Automobile
VIN is the best way to ensure the aftermarket is getting the most complete information regarding parts.
Cash-for-Clunkers Back in Congress; New Automobile Voucher Program Also Introduced
The CARS Act would provide $3,000 to $7,500 vouchers to owners of vehicles that are at least eight years old to purchase more fuel-efficient vehicles.
John Overby Named Cengage Learning/ASE Master Automobile Technician of the Year
Technician achieves highest scores on ASE certification exams for 2008.
Alliance Formed to Manufacture Advanced Automobile Batteries in the U.S.
The Alliance seeks to develop one or more manufacturing and prototype development centers in the United States, which will be shared by Alliance members.
Kathleen Ligocki, Former Tower CEO, Tapped to Lead Automobile Division of Grupo Salinas
Former Tower Automotive CEO Kathleen Ligocki has been tapped to be chief executive officer of GS Motors, the automobile division of Grupo Salinas, a Mexico-based company dedicated to transportation. Ligocki has three decades of experience in key positions in the automobile industry, including as president and chief executive officer of Ford Mexico; marketing vice-president for North America and global vice-president of customer service for Ford Motor Co. She was also president and chief executive officer of Tower Automotive, where she successfully reached a solid financial and operating restructure, while notably broadening the size of the business.
Automobile Recycling Business Has Changed Dramatically
As Gary Ackerman approaches through a hallway at LKQ Star Auto Parts, there’s no confusing him with Redd Foxx, who played the role of Fred Sanford in the 1970s sitcom "Sanford and Son." And there’s certainly no confusing the multimillion-dollar automotive recycling business that Ackerman runs on Janesville’s south side with the junkyard Sanford and his son labored over in Los Angeles. Parts still may be parts, but the process of getting them from one user to another is radically different.
Honeywell to March into China’s Automobile Aftermarket
Honeywell International Inc., one of the world’s top 500 companies engaging with aerospace, automation and control, performance materials, power and transportation systems, will bring its automotive maintenance and components businesses to China. The company will introduce products such as spark plugs, brake pads, all-purpose antifreeze and oil filters into China to grab the emerging but high-profit market.
Sales for the Automobile Aftermarket Reached $35 billion in the U.S.
Research and Markets has released a new study titled, "Automobile Aftermarket: The Market – US" which shows that the aftermarket was responsible for approximately $35 billion in sales this year. According to the report, between 2001 and 2006, the aftermarket exhibited solid growth of 18 percent in inflation-adjusted dollars, driven by largely positive factors, such as an increase in the number of registered motor vehicles, an increase in the median age of cars in operation and a corresponding decrease in the scrappage rate as well as an increase in total miles driven.