The AMN Week in Review (Feb. 27 – March 2, 2012) - aftermarketNews

The AMN Week in Review (Feb. 27 – March 2, 2012)

The AMN 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 bottom of the page to begin catching up on the latest industry news.

News of another possible acquisition for Genuine Parts Co. (GPC) takes the top spot in our weekly roundup of most-viewed news items on AMN. GPC has entered into a definitive merger agreement to acquire Quaker City Motor Parts Co. (QCMP), a long-standing NAPA distributor headquartered in Middletown, Del. The deal is expected to be finalized around May 1.  The company expects the acquired business to generate annual revenues of approximately $300 million. Quaker City serves roughly 271 NAPA Auto Parts stores in the Mid-Atlantic region of the U.S., including eastern Pennsylvania, southern New Jersey, Maryland, Delaware, the District of Columbia, the northern counties of Virginia and the northeastern tip of West Virginia.

Counterman Editor Mark Phillips spent a few days in Las Vegas with members and customers of the Automotive Distribution Network (ADN) during the Network’s 12th annual national convention earlier this week. More than 1,450 people attended the event, held at the Wynn hotel and casino in Las Vegas, with 20 percent more people in attendance than the previous convention. Click here to see what Phillips had to say about the event.

Also this week, Bosch announced some significant changes to its global management board. Among them, David Coolidge, who served as executive vice president, Americas, left the Bosch Group on Feb. 29.  Odd Joergenrud, regional president, AA North America, now has responsibility for the Automotive Aftermarket Division (AA) in North America. Bosch also announced two new EVP positions for Hans-Peter Meyen and Dietmar Wunstorf, both of whom will be based out of Karlsruhe, Germany.

In other top news from the manufacturing segment, Federal-Mogul Corp. reported its fourth quarter and full year results. Sales in the fourth quarter of 2011 were $1.7 billion, an increase of 5 percent on a constant dollar basis when compared to the fourth quarter of 2010. Sales in 2011 matched record levels at $6.9 billion, up 11 percent, driven by an 18 percent increase in sales to original equipment customers, which exceeded the 5 percent global market growth rate during the same period. Federal-Mogul’s sales growth rate during 2011 exceeded the underlying market growth rate in all major regions.

Last in our look back at the week’s top news, we learn of a tire recall from Goodyear. The Akron, Ohio-based tire maker is recalling some 41,000 Wrangler Silent Armor tires in six sizes, due to tread separation concerns. According to a NHTSA recall notice, the tires “may experience a partial tread area separation under certain severe usage conditions.”

 

 

 

 

 

You May Also Like

Asahi Kasei Announces Future L-I Battery Separator Plant

The lithium-ion battery separator plant will be constructed in Port Colborne, in the Niagara region of Ontario, Canada.

Asahi-Kasei-Announces-Future-L-I-Battery-Separator-Plant

Asahi Kasei announced it will construct its previously announced integrated lithium-ion battery (LIB) separator plant in Port Colborne, which is in the Niagara region of Ontario, Canada. The new manufacturing facility will operate as Asahi Kasei Battery Separator Canada and is expected to create highly skilled, good-paying jobs in manufacturing and construction, according to the latest press information. The start of commercial production is currently slated for 2027.

ENNOVI Achieves EcoVadis Platinum Sustainability Rating

Earning the Platinum Medal for the fourth year ranks ENNOVI in the top 1% of companies for sustainability in 2023.

ENNOVI-Achieves-EcoVadis-Platinum-Sustainability-Rating
Rematec Updates Floor Plan for Amsterdam 2025

The event will highlight innovation and sustainability in the automotive aftermarket, focusing on connected vehicles and remanufacturing advancements.

Remantec-Amsterdam-education
NexaMotion Group Announces New Location in Florida

Through the new Tampa, FL, facility, Transtar will offer an extended product catalog for foreign and domestic applications.

NexaMotion-Group-Expands-Product-Offering-in-Texas
MEMA Aftermarket Suppliers Launches Council of Remanufacturing Excellence

CoRE brings together the expanded resources of MEMA Aftermarket Suppliers and two peer group councils: Remanufacturing Business Council and Remanufacturing Technology & Operations Council.

MEMA Aftermarket Suppliers Announces Reman Roadshow, Annual Conference

Other Posts

PRT Launches 59 New Complete Strut Assemblies

Extending PRT’s product portfolio in North America, the new release represents nearly 12M vehicles in new coverage.

PRT-Launches-59-New-Complete-Strut-Assemblies
SMP Releases 2023 Corporate Sustainability Report

The report provides insight into the company’s initiatives, future goals and achievements, Standard Motor Products said.

SMP-Releases-2023-Corporate-Sustainability-Report
Mullen Continues Commercial EV Dealer Expansion in Midwest

New franchise partners Ziegler Truck Group and Range Truck Group will focus on the Pacific Northwest and upper Midwest regions of the U.S.

Mullen-Continues-Commercial-EV-Dealer-Expansion-in-Midwest
Aftermarket Data Standards – Beyond ACES

To remain relevant and valuable, the industry standards will continue to evolve and grow. They will never be finished, Scott Luckett affirmed.

Aftermarket-Data-Standards-–-Beyond-ACES