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Icahn selling auto parts maker Federal Mogul to Tenneco for $5.4 billion
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By Auto parts-----Fay
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By Auto News
MEMPHIS, Tenn. , Dec. 08, 2020 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today reported net sales of $3.2 billion for its first quarter (12 weeks) ended November 21, 2020 , an increase of 12.9% from the first quarter of fiscal 2020 (12 weeks). Domestic same store sales, or sales for stores
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By Alex
We are setting up this topic to share information on any impact the current
link hidden, please login to view has on the auto parts industry. Sourcing, distribution, parts availability, and business impact. General questions and sharing of knowledge are welcome. The WHO has designated this a global pandemic that is already affecting many industries, including most sectors in the automotive industry. Corporate and Independent automotive parts stores are being impacted by repair shop businesses slowing down. As you know, many parts come from China and other parts of the world, which are affected by the current pandemic.
Please share how this is impacting you and what you are seeing.
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Our picks
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National Pronto Association, Automotive Distribution Network Announce Merger
APF posted a topic in Auto Parts Store Distribution,
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).-
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Advance Auto Parts To Sponsor NASCAR Weekly Series In Multiyear Agreement
APF posted a topic in Advance Auto Parts Forum,
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.”-
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Advance Auto Parts Announces Purchase of the DieHard Brand from Transformco
Auto News posted a topic in Advance Auto Parts Forum,
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.”-
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AmazonBasics 6-Pack High Mileage Motor Oil - Synthetic Blend
APF posted a topic in Amazon Auto Parts Forum,
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.-
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OEM vs. Aftermarket Parts for Your Car: How to Choose
APF posted a topic in General Auto Parts Discussion,
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.-
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By Alex
WATERFORD, Mich. –
link hidden, please login to viewsaid it will expand its portfolio of continuously variable semi-active suspension (CVSA) technology to the North American SUV market. The technology has been launched on more than 40 vehicle models globally, according to the company.
“With SUVs and light trucks accounting for more than 60 percent of vehicle sales in North America, it presents an ideal opportunity to expand electronic suspension technology to this important market segment,” said Ben Patel, vice president and chief technology officer for Tenneco. “Consumers expect the same comfort, control and refinement in the ride and handling of SUVs as they find in today’s leading sedans. Tenneco’s proven CVSA solutions meet these expectations without compromising ride comfort for handling.”
CVSA technology is part of the Monroe Intelligent Suspension portfolio. It is designed to adjust to changing road conditions in real time, continuously sensing the road and driving conditions and adjusting the damper within milliseconds.
CVSAe utilizes an externally mounted electronic valve that independently adjusts the damper’s compression performance in real time for a more comfortable and controlled ride. CVSA2 features two electro-hydraulic valves that control the damper’s rebound and compression motions independently, delivering a larger tuning range for higher levels of comfort and control, according to Tenneco.
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