Top 5 Stories Of The Week

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Top 5 Stories Of The Week

A recap of the top five stories on aftermarketNews during the week of March 9.

aftermarketNews Staff
By aftermarketNews Staff
Published:

NGK Spark Plugs (U.S.A.), INC. received the XL Parts – Category Management of the Year Award at the XL Parts annual open house in Houston.

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Keystone Automotive Operations has added Delphi Powertrain Systems to its performance category. Formed in 2017 as a spin-off of Delphi Automotive, the stand-alone company builds upon its rich heritage to focus primarily on developing powertrain components and aftermarket solutions.

In this exclusive Q&A, aftermarketNews sits down with Mike Carr, 30-year aftermarket executive who joined CARDONE Industries in August 2019, as its new CEO. 

CARDONE Industries, a leader in the automotive aftermarket, recently reached its 50-year milestone. With industry veteran, Mike Carr, now at the helm as CEO, CARDONE enters 2020 with a re-engineered executive leadership team made up of seasoned CARDONE professionals and a few new hired elites from within the industry. To bolster this team’s efforts, the company recently formed a new board of advisors.

Aptiv PLC, a global technology company focused on making mobility safer, greener and more connected, announced recently it has been named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2020.

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Preparing for the ‘End Game’

Endgame strategies, Tartaglione explains, encompass the owner’s objectives for the business, including passing it on to the next generation, selling to a competitor or bringing in a financial partner.

Emma Henderson
By Emma Henderson
Emma Henderson is the Managing Editor of aftermarketNews and Counterman. She joined Babcox after a career as a television reporter for stations across the Midwest. Contact her at [email protected]
Published:
Preparing for the 'Endgame'

Bruce Tartaglione shares insights into the often-overlooked aspect of endgame strategies in the automotive aftermarket. With over four decades of industry experience, Tartaglione, a partner at Schwartz Advisors, emphasizes how important it is for proactive planning to ensure long-term success for businesses.

Tartaglione explains that endgame strategies encompass the owner's objectives for the business, including options such as passing it on to the next generation, selling to a competitor or bringing in a financial partner. Tartaglione stresses the importance of addressing potential red flags early on, such as high overhead costs or poor market share, to maximize the business's valuation.

Read Full Article

More News Posts
MAHLE Releases 2023 Sustainability Report

MAHLE noted it made significant progress in reducing its CO2 emissions, and increasing the use of renewable electricity.

By Mary DellaValle
MAHLE Releases 2023 Sustainability Report
Continental Appoints New ‘Head of Region’ for the US, Canada

In this role, Rob Schroeder will oversee all of material handling, port, earthmoving and agriculture tire business in the US and Canada.

By Christian Hinton
Continental Rob Schroeder
Transtar Industries Continues Rapid Product Line Expansion 

The company is now offering OE recycled engines, in addition to its expansive line of OE recycled transmissions and transfer cases.

By Emma Henderson
Mitchell 1’s ‘Thank You Thursdays!’ Sweepstakes Announced

One winner of a $100 gift card will be named each Thursday for 10 weeks on the Mitchell 1 Facebook page. 

By Emma Henderson
Mitchell 1’s ‘Thank You Thursdays!’ Sweepstakes Announced

Other Posts

Eaton Names Senior Vice President and Controller

Adam Wadecki currently serves as senior vice president of internal audit.

By Mary DellaValle
Eaton Names Senior Vice President and Controller
University of the Aftermarket Encouraging Registration for Data Standards Course

This live, two-day educational program is open to anyone who works with the aftermarket standards ACES and PIES, or who would benefit from developing a general knowledge base on them.

By Emma Henderson
CAPA Elects New Members to Board of Directors, Tech Committee

The Certified Automotive Parts Association announced the election of four members to its board of directors and three members to its technical committee.

By Jason Stahl
ZF Cleans Up Metro Park for Earth Day

ZF said the effort was in line with its dedication to sustainability, zero-waste and circularity.

By Emma Henderson
ZF Cleans up Metro Park