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The leadership of National Pronto Association and Automotive Distribution Network announced today the merger of the two organizations. As of Jan. 1, 2021, the newly formed organization will be known as the Pronto Automotive Distribution Network.
Headquartered in Grapevine, Texas, Pronto Automotive Distribution Network will be led by Robert Roos as president and David Prater as executive vice president. The combined organization will represent more than 250 members in North America with an estimated revenue of approximately $5 billion annually. Members will continue to market under the Pronto, Parts Plus and Auto Pride names.
In addition, Pronto Automotive Distribution Network, together with Federated Auto Parts, will comprise the Automotive Parts Services Group (The Group).
DAYTONA BEACH, Fla. & RALEIGH, N.C.--(BUSINESS WIRE)--As NASCAR Weekly Series sanctioned events begin to return at select tracks across North America, NASCAR and Advance Auto Parts (NYSE: AAP), a leading automotive aftermarket parts provider, today announced a multiyear official partnership, designating Advance as the series entitlement sponsor. As part of the agreement, Advance also becomes the “Official Auto Parts Retailer of NASCAR.”
"It's great to have Advance join us in welcoming the return of NASCAR-sanctioned grassroots racing," said Ben Kennedy, vice president, racing development, NASCAR. "Advance’s commitment to our Weekly Series will develop some of the brightest NASCAR talent across North America. Advance has a long history in racing, and we’re thrilled to see its expanded presence from the grassroots all the way through our national series.”
Advance Auto Parts, Inc. (NYSE: AAP) has acquired the DieHard brand from Transform Holdco LLC (“Transformco”), for $200 million utilizing cash on hand.
“We are excited to acquire global ownership of an iconic American brand. DieHard will help differentiate Advance, drive increased DIY customer traffic and build a unique value proposition for our Professional customers and Independent Carquest partners. DieHard has the highest brand awareness and regard of any automotive battery brand in North America and will enable Advance to build a leadership position within the critical battery category,” said Tom Greco, president and CEO, Advance Auto Parts. “DieHard stands for durability and reliability and we will strengthen and leverage the brand in other battery categories, such as marine and recreational vehicles. We also see opportunities to extend DieHard in other automotive categories. We remain committed to providing our customers with high-quality products and excellent service. The addition of DieHard to our industry leading assortment of national brands, OE parts and owned brands will enable us to differentiate Advance and drive significant long-term shareholder value.”
AmazonBasics High Mileage Motor Oil - Synthetic Blend
AmazonBasics high-mileage synthetic-blend motor oil offers an enhanced level of protection for engines over 75,000 miles. Its synthetic blend combines conventional oil with synthetic for cost efficiency with some of the benefits of a full synthetic. An important part of routine maintenance, the motor oil works well for anything from topping off levels to complete oil changes. Whether it’s a beloved older vehicle or one with an uncertain maintenance history, help protect its engine with AmazonBasics high-mileage, synthetic-blend motor oil.
When selecting parts for a car repair, it pays to know the differences between original and aftermarket parts. Whenever possible, get estimates for both.
Choosing between original and aftermarket car parts — and even used parts of either type — is all about squaring your priorities with your budget.
You’ll have different options depending on the part and the shop. And the best choice will depend on whether you’re trying to keep repairs cheap, restore your car’s appearance after a wreck or soup up your ride.
Original equipment manufacturer (OEM) parts match those that came with your car, and are of the same quality as its original parts. They’re also the most expensive.
Having my Ford Fairlane repaired this weekend, and the shop has asked me to find a drag link bushing for them. Looked around the internet and the image provided is the best I’ve found. It’s for the left side control arm. Wondering if it is the correct part.
By 袁春凤 (Tiffany)
"Downsizing Wave" Frequently Occurs in Winter for Big Car Enterprises
GM: Closing 7 factories and laying off 15,000 workers
In the cold wave of the car market, GM adopted a strategy similar to Ford's, namely, closing factories and laying off employees.
On November 26, General Motors said it would cut production of unsalable models and lay off North American employees as the car market shrank. According to foreign media reports, GM will lay off 15% of its employees by the end of next year, involving nearly 15,000 people, including 25% of its executives. At the same time, GM will close seven production bases around the world, involving three plants in Osawa, Ontario, Canada, Detroit, Ohio, and Warren.
GM's plans to cut jobs and close factories have provoked outrage from President Trump and even threatened to cancel GM's subsidies for electric vehicles. However, in the biggest restructuring in the last decade, GM CEO Mary Bola has shown considerable reform determination.
In fact, as the first female CEO in GM's history, Mary Bola has been trying to build a "fortress" financial structure for GM. From selling Opel out of the European market, to exiting South Africa, East Africa, India and South Korea market one after another, to investing in emerging areas such as self-driving and mobile travel, GM, led by Bora, has contracted its global business scope and rapidly moved towards emerging industries and forward-looking markets.
Today, GM's financial performance in North America and China continues to be good, especially in the Chinese market, GM's investment returns continue to hit record highs.
Even so, GM, which is increasingly sensitive to the market and has a sense of crisis, has not been pursuing the expansion of its size in the global market, but has put streamlining its business and reducing its costs first.
Compared with Ford being forced to lay off employees and shut down its car business because of its financial crisis, GM's approach is more like an initiative before the crisis.
With the coming storm, it may be beneficial to prepare for self-protection in response to the cruel market.