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Arnold Motor Supply Acquires Barron Motor Supply
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By Counterman
link hidden, please login to view announced the launch of a new passenger car motor oil – Red Diamond Ultimate. The company said the oil is formulated to fully meet the General Motors dexos1 Gen 3 specification among others but is also formulated to keep the oil cleaner for longer periods of time while improving performance, engine system protection, mileage and horsepower. In a news release announcing the new product, the company said Red Diamond Ultimate passenger car motor oil uses 100% Group III base oils and is infused with Hot Shot’s Secret’s proprietary FR3 Nano Technology. It is suited for both hybrid and internal combustion engines, especially small displacement, turbocharged GDI engines where it can protect against low-speed pre-ignition. The company added that Red Diamond protects against timing chain and valve wearing that often occurs and fights the formation of high temperature deposits that drain horsepower and fuel economy.
“We’re thrilled to offer passenger car motor oil and exclusively to our dealer network,” said
link hidden, please login to viewBrand Manager, Josh Steinmetz. “With three viscosities, we expect a lot of demand for this product given the compatibility for any vehicle where Dexos1 Gen 3 is specified. Also, it also exceeds API SM, SN and SN Plus and many of the Ford and Chrysler motor oil specs. Adding this oil to our lineup allows service centers to offer an outstanding oil to protect their customer’s vehicles.” Red Diamond Ultimate Motor Oil is available in three viscosity weights — 0W-20, 5W-20 and 5W-30 now and in three sizes — 5-gallon, 55-gallon and 330-gallon.
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By shelitaauto
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link hidden, please login to view Source: Gasgoo
South Korea’s
link hidden, please login to view Group said on July 1 that it is seeking to seize an early lead in the booming automotive market in Southeast Asia, thanks to its established presence in several countries in the Association of Southeast Asian Nations (ASEAN). The group said that its first automotive manufacturing plant in the ASEAN region, Hyundai Motor Manufacturing Indonesia (HMMI), produced 22,520 vehicles in the first quarter of this year, achieving an operating rate of 110.9%. Hyundai said that this figure was the highest among all its overseas factories during the same period.
Last year’s operating rate at HMMI was just 50.3%, showing that both demand and supply for Hyundai in the local market have grown rapidly in the past year.
Image source: Hyundai Motor
Hyundai Motor has committed to investing approximately $1.55 billion in HMMI by 2030. HMMI currently oversees the production of vehicles including the super-mini SUV Creta, compact multi-purpose vehicle Stargazer, mid-size SUV Santa Fe, and the award-winning electric vehicle IONIQ 5. Through May 31st of this year, HMMI has sold a total of 1,927,92 vehicles.
Hyundai also highlighted its electric vehicle battery production in Southeast Asia. The company established a joint cell factory with South Korean battery manufacturer LG Energy Solution in Karawang New Industry City, Indonesia, in June last year.
The joint venture, named HLI Green Power, began mass production of cells in April this year. Hyundai stated that the Kona Electric will be the first vehicle to feature cells produced in Southeast Asia. The company noted that this will make Hyundai the first automaker in Indonesia to have a complete production and sales chain for electric vehicles.
Hyundai sold 7,475 electric vehicles in Indonesia last year, accounting for 43.8% of the market and becoming the country’s largest electric vehicle seller. Hyundai stated that although it is leading in the electric vehicle market, Chinese electric vehicle brands are actively expanding their business in Indonesia and reiterated its plan to pay more attention to the ASEAN region.
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By Counterman
link hidden, please login to view Member, The Service Company, announced it acquired Brake Spring Alignment (BSA) of Ohio. With over three decades in business in Springfield, OH, “this reputable establishment extends the Service Company’s geographic reach eastward toward Columbus and solidifies its presence in the greater Dayton, OH market,” according to link hidden, please login to view. The Service Company now offers four locations, providing coverage from Greenville to Springfield. The acquisition of BSA also broadens the company’s service portfolio, complementing its existing heavy-duty truck and equipment repair solutions, the company said. In addition to diesel engines, EGR and DPF, exhaust, HVAC, transmission, clutch, and driveline services, the new Springfield location introduces frame-down service, steering suspension, brake, and wheel-end solutions.
“Known for its loyal customer base and comprehensive parts and service offerings, BSA of Ohio aligns with The Service Company commitment to serving the trucking industry of Ohio,” said Luke Todd, president of The Service Company. “The acquisition bolsters our capacity, with 40 bays now available to deliver unparalleled service to the market.”
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By Counterman
link hidden, please login to view announced the expansion of its Variable Valve Timing (VVT) program. SMP said the program offers more than 600 part numbers for import and domestic vehicles, with new numbers added each month.
link hidden, please login to view added its complete VVT Program features Sprockets, Solenoids, Oil Control Valves, and Blue Streak VVT Solenoid Kits and Service Kits, as well as related parts like VVT Spool Filters, Chain Tensioner Kits, Adjuster Magnets and more. Each component is subjected to “extensive testing” in the lab, on vehicles, and end-of-line tested to ensure that they correctly integrate with the complex VVT systems found on today’s vehicles, according to SMP. The company added that recently released Standard VVT Solenoids are now available for popular General Motors vehicles like the 2019 Chevrolet Silverado and GMC Sierra, the 2020 Chevrolet Blazer, and the 2020-19 Cadillac XT4, as well as the Mitsubishi Eclipse Cross through 2022. New Standard® VVT Sprockets are also available for many Subaru, Volvo and Volkswagen vehicles. This coverage includes the 2022-20 Subaru Crosstrek, 2023-14 Volvo XC60 and 2021-16 Volkswagen Jetta. Additionally, to further round out the program, Oil Control Valves have been released for Hyundai, Kia, and General Motors cars and SUVs, and VVT Spool Filters are new for Honda vehicles like the 2019-15 CR-V and 2017-13 Accord, SMP said.
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By Counterman
The
link hidden, please login to view — which tracks demand conditions, shortages, transportation costs, inventories and backlogs based on a monthly survey of 27,000 businesses — rose in April to -0.18, from -0.32 in March, which signals that global supply chains are operating at close to full capacity. An Index greater than 0 indicates supply chain capacity is being stretched. The further above 0, the more stretched the supply chains are. An index less than 0 indicates supply chain capacity is being underutilized. The further below 0, the more underutilized supply chains are.
Improving activity across global supply chains is a direct result of healthier demand, which has picked up consistently in the year-to-date after considerable weakness in 2023, GEP said. The Asian market is at the forefront of this trend, with input demand at the region’s factories remaining strong. Procurement managers in South Korea, Vietnam, India and China reported greater purchasing activity during April.
According to GEP Consulting, the North American market is showing more evidence of tightening capacity, with backlogged work reported by manufacturers, particularly in Mexico. Demand for raw materials, commodities and components, while still subdued, also improved slightly. Meanwhile, demand conditions were less robust in Europe, with the region’s manufacturing sector continuing to underperform and lag other parts of the globe. Positively, however, the industrial recession across the continent has eased considerably since late last year.
“After four years of supply shocks, inflation, stockpiling, and uncertainty, global supply chains are now operating in a Goldilocks zone, a steady state of full capacity, not expanding or contracting too quickly, which is excellent news for global suppliers and business,” Mike Seitz, vice president, GEP Consulting said. “In China, we’re seeing a steady pick-up in manufacturing activity, which will encourage Chinese Premier Li Qiang to accelerate efforts to remove barriers imposed by European markets and foster more FDI, especially as the potential for tougher U.S. tariffs and trade policies loom.“
April 2024 key findings
Demand: Global demand for raw materials, commodities and components remained close to its long-term average in April, highlighting vastly improved conditions in the worldwide manufacturing sector compared with late last year. As was also the case in March, Asia was the main positive force, with major goods-producing nations such as China, India and South Korea recording growth, according to GEP. Inventories: Inventory drawdowns persisted into April, albeit cooling in strength compared to March. Reports from global businesses of stockpiles rising because of price or supply concerns were among the lowest seen in over four years, GEP said. Material shortages: GEP said reports of a short supply for items, including semiconductors, foodstuff, chemicals, and metals, remain historically low. Labor shortages: After rising for the past three months, GEP said global reports of backlogged orders rising because of staff shortages fell in April and were broadly aligned with historically typical levels. Regional differences persisted, however, with North America seeing greater labor shortages than elsewhere. Transportation: Following recent increases in oil prices, global transportation costs rose for the first time this year in April, according to GEP. Regional supply chain volatility
North America: Index broadly unchanged at -0.30, versus -0.31 previously. Although indicative of spare capacity, the input demand trend ticked higher in April, while increased backlogs of work were also reported, GEP said. Europe: Index fell to -0.55, from -0.62. GEP said April’s increase suggests the continent’s industrial downturn continued to ease. U.K.: Index decreased to -0.47, from -0.17 as U.K. manufacturers destock sharply instead of ordering from suppliers, GEP said. Asia: The Index rose to 0.07, from -0.07, signaling the first month of stretched supplier capacity since January, according to GEP. The post
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