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LKQ Corporation Announces $500 Million Increase in Stock Repurchase Program; Total Authorized Now $1 Billion
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By Counterman
link hidden, please login to view and Motorcraft announced a partnership on two new Motorcraft® Fuel System Cleaning products for Ford and Lincoln vehicles using approved Motorcraft fuel products, equipment and services at Ford locations throughout the United States. The companies said the goal of the Motorcraft Enhanced Maintenance Fuel Service Program is to diminish the adverse impacts of lost combustion chamber efficiency and restore fuel economy, power, and performance. The program recently moved to a nationwide launch for Ford & Lincoln dealerships across the U.S. “BG Products is extremely excited to partner with Motorcraft to offer the new Motorcraft Enhanced Maintenance Fuel Service Program,” said Darin Greseth, president, CEO, and chairman of BG Products, Inc. “This new program will assist Ford and Lincoln customers in keeping their fuel injectors and intake system clean to ensure like-new performance and fuel economy.”
Below are the approved Motorcraft and BG co-branded products, part numbers and mileage recommendations for enhanced service. The new Motorcraft Program is recommended at oil change intervals. More information is available at Ford and Lincoln dealers.
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By OReilly Auto Parts
SPRINGFIELD, Mo., Oct. 01, 2024 (GLOBE NEWSWIRE) -- O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, announces the release date for its third quarter 2024 results as Wednesday, October 23, 2024, with a conference call to follow on Thursday, October 24, 2024.
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By Counterman
link hidden, please login to view announced that Jeff Koviak will assume the role of CEO effective January 1, 2025, replacing retiring CEO Larry Pavey.
link hidden, please login to view is a joint partnership between the Federated Alliance and The Pronto Network, and is made up of 300 member companies with over 5,000 locations and 80,000 employees primarily in North America. In his new role, Koviak will be dedicated to driving strategic initiatives for The Group membership that “will maximize future revenue growth while simultaneously streamlining internal systems and resources to reduce redundancy throughout the organizations,” according to a news release announcing his appointment.
“We feel Jeff is the ideal candidate to move The Group toward the original goal of strategically unifying the traditional aftermarket partners while still respecting the unique strengths that each of the individual groups offer in their marketplace,” said Sue Godschalk, president of Federated Auto Parts.
“Jeff comes to us with an exceptional background,” added Robert Roos, president and CEO of The Pronto Network. “During his 30-year career at Tenneco/DRiV, he built strong, long-term, trusting relationships with all of our members, and we are excited to have him join forces with our teams.”
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