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.
Our weekly analysis of top news stories on aftermarketNews shows that readers were highly interested in learning more about Uni-Select’s acquisition of Thompson & Co. Uni-Select has agreed to purchase the assets of Thompson & Co., Inc. as well as the assets of MGT, Inc (also known as RPM Auto Parts), which operate a distribution center, eight branch locations and one store in New Jersey and Pennsylvania. If approved, the businesses would add annual sales of $13 million to Uni-Select’s revenue.
On the OE side of the automotive industry, readers also showed high interest in the news that Chinese automaker Nanjing Automotive acquired the rights to the bankrupt MG brand of British cars. Nanjing has invested about $400 million in the line, which includes the MG7 and other MG models, including the MG-TF sports car.
Another highly read news story this week told of private equity firm Carlyle Group buying Goodyear’s Engineered Products Division. Goodyear sold the business to an organization owned by Carlyle Group, for $1.475 billion.
Two exclusive editorials also made it onto the list of top news stories on aftermarketNews this week. The first, co-authored by Babcox Publishers Jeff Stankard and Jon Owens, highlights the parallels between the marketing of auto parts and pet food, as revealed by the recent pet food recall. The second column, written by Counterman Editor Brian Cruickshank, takes a look at the vo-tech education battle and what the aftermarket needs to do to protect itself.
To view all of the news from the past week, simply click on the link for each corresponding day:
