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Genuine Parts Company Releases 2023 Sustainability Report
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By Counterman
Advance Auto Parts announced that it has appointed Jeff Vining as executive vice president, general counsel and corporate secretary, effective March 2, 2025. In this role, the company said Vining will be responsible for all aspects of the Advance’s legal, corporate governance and compliance functions. Vining will report directly to Shane O’Kelly, president and chief executive officer.
The company added that Tammy Finley, who currently serves in this role, is retiring and will stay with Advance in an advisory capacity to support the transition. Finley spent 27 years at Advance in the legal, human resources and communications functions.
link hidden, please login to viewsaid she was vital in leading the company through almost three decades of growth and change management, and, most recently, the divestiture of the Worldpac business. “Jeff’s experience in supporting successful business transformations and driving efficiencies is critical for the success of our strategic action plan,” O’Kelly said. “We are thankful for Tammy’s many contributions over the years along with her passion for Advance and our team members. We wish her all the best as she retires.”
A news release from
link hidden, please login to view explained that Vining brings more than 20 years of deep legal expertise within publicly traded companies, including key areas such as corporate governance, M&A, risk management, labor and employment, and litigation. Most recently, he served as general counsel and secretary at Unifi, Inc., where he was responsible for the company’s global legal functions and ensuring compliance with corporate governance requirements. Vining received his Doctorate of Jurisprudence at the University of Richmond School of Law in Richmond, Virginia, and his Bachelor of Science from James Madison University in Harrisonburg, Virginia.
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By Counterman
Parts Authority announced a leadership transition that will see its current CEO and co-founder, Randy Buller, moving into the role of Chairman of the Board, and the welcoming of Clark Hale as the company’s new CEO, effective March 3, 2025.
Buller, along with his co-founders, Yaron Rosenthal, David Wotman and Steve Yanofsky, helped transform a once New York-based family business with less than 10 locations into a leading nationally-recognized automotive warehouse distributor with nearly 300 locations in 23 states and Washington, D.C., the company said.
Using his financial background, entrepreneurial mindset and automotive industry expertise, Buller helped build the business by offering an unparalleled depth and breadth of brand name inventory to customers, focusing on customer service, investing heavily in technology, and valuing team member satisfaction and professional growth,
link hidden, please login to view explained. “Over the span of 40 years, Randy drafted and executed the Parts Authority roadmap for rapid growth through both organic growth and M&A. As he transitions to the role of Chairman, Randy will continue to be fully available in providing support to Parts Authority, just as he has since 1980,” the company added.
“I know this feels like a big change, but I am very positive and confident in the future of Parts Authority. I look forward to continuing to do what I love, with people I love, while taking a small step back in the day-to-day. I’m thrilled to be handing the reins to Clark and I am looking forward to working with him to drive Parts Authority’s future success,” said Buller. [A letter from Randy Buller is provided
link hidden, please login to view.] Parts Authority said Hale brings a wealth of experience and a proven track record to the company. He has been affiliated with Kohlberg & Company since 2019, and has also been serving as a member of the Parts Authority board of directors.
“I want to thank Randy and his co-founders for entrusting me with leading the future of Parts Authority. It is an honor to be following in their footsteps in continuing on the legacy and culture of such a great organization,” said Hale. “I am very excited to take on this important next step in Parts Authority’s growth and evolution. I am confident that with our team, we can continue to demonstrate and execute on our commitments to our customers and vendor partners as the leader in the industry.”
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By Counterman
*After this statement was released, Mexico President Claudia Sheinbaum announced on X (formerly Twitter) that the U.S. and Mexico have reached an agreement to delay tariffs for a month. In exchange, Mexico will be putting 10,000 National Guard troops on the Mexico/U.S. border as conversations between the countries continue.
On February 1, 2025, President Donald J. Trump
link hidden, please login to view: An Executive Order expanding a previous Executive Order (Declaring a National Emergency at the Southern Border – Proclamation 10886, Jan 20, 2025) to include Canada and China and to reiterate a national emergency under the International Emergency Economic Powers Act (IEEPA) and the National Emergencies Act (NEA). An Executive Order imposing a 25% tariff (ad valorem rate of duty) on all goods entering the United States from Mexico. An Executive Order imposing a 25% tariff (ad valorem rate of duty) on all goods (except energy resources) entering the United States from Canada. Energy resources will be subject to a 10% tariff. An Executive Order imposing a 10% tariff (ad valorem rate of duty) on imports from China. Trade Authority: These new tariffs are being implemented under the International Emergency Economic Powers Act (IEEPA). Under IEEPA, the President has the ability to take certain actions quickly after declaring a national emergency. The President may terminate the emergency. The U.S. Congress, “could terminate the underlying national emergency by enacting a joint resolution of disapproval.”
Source: Congressional Research Service
Timeline: The tariffs will go into effect at 12:01 a.m. eastern time on Tuesday, February 4, 2025. There is currently no date by which the tariffs will sunset.
Existing Tariffs: The new tariffs articulated in these Executive Orders will be imposed on top of any prior and existing “duties, fees, exactions, or charges applicable to such imported articles.”
Items Covered by the Tariffs: At this time, it appears that all items will be subject to the 25% tariff except in the case of Canada, where a lower 10% tariff will be applied to energy resources. The Trump Administration will publish a Federal Register notice containing the specific HTSUS (Harmonized Tariff Schedule of the United States) codes. This notice is not yet available.
Goods in Transit: The Executive Orders concerning Canada, Mexico, and China note that the duty will apply, “except that goods entered for consumption, or withdrawn from warehouse for consumption, after such time that were loaded onto a vessel at the port of loading or in transit on the final mode of transport prior to entry into the United States before 12:01 a.m. eastern time on February 1, 2025, shall not be subject to such additional duty, only if the importer certifies to CBP as specified in the Federal Register notice.”
De Minimis: The Executive Orders revoke duty-free “de minimis” treatment for goods coming into the U.S. from Mexico, Canada, and China that are subject to the order. According to CBP, “De minimis provides admission of articles free of duty and of any tax imposed on or by reason of importation, but the aggregate fair retail value in the country of shipment of articles imported by one person on one day and exempted from the payment of duty shall not exceed $800.”
For more information, see Section 321 Programs | U.S. Customs and Border Protection
Drawback: The Executive Orders note that “no drawback shall be available with respect to the duties imposed pursuant to this order.”
Exclusions: At this time, there is no language in the Executive Orders concerning an exclusion process.
Escalation: The Executive Orders include language stating that the U.S. may escalate these actions if the other nations take steps to retaliate against U.S. exports and goods.
Canada:
On February 1, 2025, Canada announced plans to impose 25% tariffs on $155 billion worth of U.S. items. The official statement from the Canadian government noted that these tariffs will be imposed in phases.
The first phase “will include tariffs on $30 billion in goods imported from the U.S., effective February 4, 2025, when the U.S tariffs are applied. The list includes products such as orange juice, peanut butter, wine, spirits, beer, coffee, appliances, apparel, footwear, motorcycles, cosmetics, and pulp and paper. A detailed list of these goods will be made available shortly.” A second phase of tariffs, which will address $125 billion worth of exports from the U.S., will not be imposed until after a 21-day comment period. They will include “products such as passenger vehicles and trucks, including electric vehicles, steel and aluminum products, certain fruits and vegetables, aerospace products, beef, pork, dairy, trucks and buses, recreational vehicles, and recreational boats.” Source: Canada announces $155B tariff package in response to unjustified U.S. tariffs – Canada.ca
Mexico:
On February 1, 2025, Mexico pledged to retaliate against the U.S. tariffs. Press reports indicate that Mexican President Claudia Sheinbaum has directed her government to enact “Plan B.” MEMA is awaiting further details on this action.
China:
China has reacted and pledged retaliatory action against the tariff announcement. However, no specific details were available as of the morning of February 2, 2025. MEMA is monitoring the announcements from the Chinese government on this action.
MEMA will continue to closely monitor these developments and provide our members with timely updates as more details emerge. As we assess the impact of these tariffs, we are actively engaging with members to gather insights and determine the best path forward. Your feedback is invaluable in understanding how these policies affect businesses, employees, customers, and communities.
Be on the lookout for details about member briefings next week, where we will provide further updates and opportunities for discussion, MEMA said.
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