The Week in Review offers a snapshot of the most 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 the page to begin catching up on the latest industry news.
Analysis of this week’s news showed that AMN readers were most interested to read more about Amazon.com’s new online automotive parts and accessory store. On Monday, we published our recent Executive Interview with Steve Frazier, heads of Amazon’s automotive operations, who talked about how and why the online retailer decided to venture into the auto parts market.
Readers also showed high response to a recent report from the Detroit Free Press, which told of a new challenge for automotive suppliers — losing contracts to healthier rivals. In the article, the Free Press reports: "Automotive suppliers, already squeezed by rising raw material prices and customer production cuts, are finding the gap widening between their healthy and weak peers. The trend is driven by automakers’ desire to safeguard their operations by ensuring a continuous flow of parts."
Things are looking up for at least one of those struggling suppliers, however. It was announced this week that Delphi will supply Chinese carmaker Chery with auto parts, including occupant protection systems, integrated navigation systems, safety airbags, audio systems and rear seat entertainment systems. The agreement is worth $231 million.
In addition, we learned later in the week that an investment firm has agreed to give Delphi Corp. up to $3.4 billion in exchange for a controlling stake in the auto parts maker as it emerges from bankruptcy.
To view all of the news from the past two weeks, simply click on the link for each corresponding day:
