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LKQ Corporation Announces Results For Third Quarter 2023


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    • By NAPA
      Chase Elliott and the No. 9 link hidden, please login to view team qualified ninth for Sunday’s NASCAR Cup Series race at Iowa Speedway. The 28-year-old driver finished stage one in ninth and stage two in third as his No. 9 NAPA Auto Parts Chevrolet Camaro ZL1 showed speed on the long run. In the final stage, Elliott continued to battle inside the top 10 and advanced to third before the checkered flag waved. With the third-place result, the Dawsonville, Georgia, native took over the driver points standings lead by eight markers over Hendrick Motorsports teammate Kyle Larson. It was Elliott’s second consecutive top-five effort, seventh of the season and 100th of his young Cup career. Chase Elliott and the No. 9 NAPA Auto Parts team earned a ninth-place starting position for Sunday’s inaugural NASCAR Cup Series race at Iowa Speedway. The 28-year-old driver initially lost some ground to the leaders upon the drop of the green flag and was scored in 11th at the time of the first caution of the race on lap five. Under the yellow, Elliott reported that his No. 9 NAPA Auto Parts Chevrolet Camaro ZL1 was loose. Staying out, he lined up 11th for the restart on lap 10 and made his way back up to ninth by lap 41. As a long run ensued Elliott continued to gain ground, advancing to seventh before an incident brought out the caution. He relayed that he “overbuilt the right rear.” Once pit road opened, crew chief Alan Gustafson called Elliott in for four fresh tires and fuel. A fast stop gained the driver of the No. 9 a position on pit road, however two cars did not pit which put him eighth for the lap-59 restart. When the green-and-white checkered flag waved to end stage two, Elliott was scored in the ninth position.
      During the stage break the team opted not to visit pit road, placing Elliott as the fifth driver to choose his lane to start the second stage. The Dawsonville, Georgia, native took the green flag from the inside of row two on lap 78. He continued to battle inside the top five until another caution slowed the race at lap 81. Staying out once again, Elliott lined up in the second row for the lap-87 restart. Getting loose, he dropped to seventh but found his way back inside the top five prior to lap 100. Showing speed on the long run, Elliott advanced to third on lap 130 and took over the second position less than 20 laps later. He set his sights on the leader and began reeling in the No. 12 of Ryan Blaney as green flag stops got under way. Elliott paced the field for one lap after Blaney made his way to pit road before he followed suit on lap 173. After pitting for four tires and fuel, Elliott returned to the track in 18th and was up to seventh as the pit cycle continued. When the caution came out on lap 182, the teams that still needed to pit made their stops. This put Elliott third in the running order. Once the race was back under way, he held his own inside the top five, finishing the stage in the third position.
      Under the stage-ending caution, Elliott pitted for four tires and fuel. He lined up sixth to start the final stage on lap 219. Just one lap later, an incident brought out the caution. Elliott chose the outside of row four for the lap-228 restart. From there, the 2020 Cup Series champion maneuvered his way to fourth before the yellow flag was displayed on lap 260. Providing feedback to his crew that the NAPA Chevy was a little tight, the team made an air-pressure adjustment during its four-tire pit stop. Elliott was fifth to choose his lane, opting for the outside of row four for the restart on lap 267. He progressed to fifth by lap 272 and continued to climb, advancing to third before the checkered flag waved.
      The result was Elliott’s second consecutive top-five effort, seventh of the season and 100th of his young Cup career. With the third-place result, the Dawsonville, Georgia, native took over the driver points standings lead by eight markers over Hendrick Motorsports teammate Kyle Larson.
      “Our balance was just right, and I thought all day we had really good long run pace,” Elliott said. “I just really struggled to get going on restarts and just was really loose and just felt like I couldn’t attack like I needed to and just lost a lot of ground. Could make good pace there at the end of a run with our NAPA Chevy, just needed to be a little closer I think to keep the pressure on and keep things rolling. Anyway, I was proud of the effort and felt like we had a really good car and were right there in the fight.”
      Start / Finish: 9 / 3
      Points Standing / Total: 1st / 591 pts. (+8)
      Next Race: Sunday, June 23, New Hampshire Motor Speedway
      How to Watch or Listen: 2:30 p.m. ET on USA, PRN or SiriusXM
      NAPA: 
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      Hendrick Motorsports:  link hidden, please login to view
      No. 9 Team:  link hidden, please login to view The post
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    • By Counterman
      link hidden, please login to view announced it was recently recognized as a top global supplier of 2023 by General Motors during the automaker’s annual Supplier of the Year event in Miami, Florida. This is the fourth time Schaeffler has been honored with this award. Emphasizing shared values between GM and global suppliers, the rigorous selection process distinguishes those who align closely with GM’s principles, Schaeffler said. These values, rooted in performance, innovation, cultural alignment, and commitment to GM’s ambitious goals, serve as the foundation of the selection criteria.
      The selection process is guided by the GPSC Priority Wheel, which prioritizes the customer in every aspect of supply chain decision-making. The framework’s core values of safety, inclusion and relationships serve as the foundation for other priorities such as sustainability, innovation, execution, resilience, and profitability.
      “Receiving this prestigious award from General Motors is a testament to our relentless dedication to delivering outstanding quality and performance,” said Klaus Rosenfeld, CEO of Schaeffler AG. “We are honored to be recognized as a top global supplier and look forward to further advancing our partnership with GM in the pursuit of automotive excellence.”
      Jon Jameson, senior vice president and GM global key account manager, Schaeffler added, “At Schaeffler, we are immensely proud of our continued partnership with General Motors. This recognition underscores our commitment to innovation and excellence, driving us to exceed expectations in every aspect of our collaboration.”
      Photo from left: Pratik Shah, Schaeffler key account manager; Klaus Rosenfeld, Schaeffler CEO; Peter Layer, GM purchasing, executive director of chassis propulsion structures; Jon Jameson, Schaeffler senior vice president global key account manager; and Allen Pervo, Schaeffler key account manager.
      The post
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    • By Counterman
      link hidden, please login to viewannounced that Ken Bush, senior vice president, chief merchant, will retire from the company after nearly 20 years and be succeeded by Bruce Starnes, who has been named executive vice president, chief merchant, effective June 24, 2024. The 48-year-old Starnes will lead all aspects of merchandising strategy. He joins 
      link hidden, please login to view from the Target Corporation where he spent nearly 20 years in a variety of product management roles. According to the company, he most recently served as senior vice president, merchandising capabilities and operations. Previously, he served as president of Target India and vice president, digital solutions and partnerships. “We are very grateful for the many contributions Ken has made to our industry over the past 37 years. He has helped strengthen our merchandising operations and built a talented team within the merchandising organization, making it an optimum time to make a leadership transition. We wish him all the best in his upcoming, well-deserved retirement,” said Shane O’Kelly, Advance’s president and CEO. “I’m excited to welcome Bruce to the Advance family. As a seasoned and accomplished merchandising executive with more than 25 years of experience, Bruce brings a deep understanding of successful merchandising operations and vendor partnerships as well as a proven track record of results at one of the world’s leading retail organizations. I look forward to working closely with him to take our merchandising operations to the next level.”
      The post
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    • A-premium Auto Parts:5% OFF with Code GM5.
    • By Counterman
      LKQ Corporation announced the release of its 
      link hidden, please login to view, which it said “describes LKQ’s role in driving sustainable success for our customers, our employees, the communities in which we operate and the global circular economy. “Additionally, the report includes an enhanced and robust sustainability strategy, demonstrating our approach to managing sustainability risks across each of our operating segments. Our three-pillar sustainability strategy comprises profitably delivering sustainable outcomes, people-led performance as well as strong governance and ethical practices,” 
      link hidden, please login to view continued. “We are pleased to issue this year’s report which demonstrates how our teams are making meaningful progress to achieve our sustainability commitments across our global footprint with an ongoing effort to create long-term value for all stakeholders. I am proud to report that the investments we have made in our sustainability journey thus far have enabled the meaningful and positive outcomes that we are able to share in this year’s report” said Dominick Zarcone, president and chief executive officer.
      In 2023 LKQ said it achieved several sustainability milestones including:
      Processed 766,000 vehicles, recycling over 62,000 metric tons of scrap steel, 48,000 metric tons of aluminum, and 4,000 metric tons of copper; Scope 1 and Scope 2 greenhouse gas emissions reduced globally by 11.8% versus 2021 baseline relative to revenue; Engagement score of 74 in our annual employee engagement survey, bringing us closer to our 2025 goal of 76, with an 89% participation rate, in excess of our 2025 target of 73% participation; Achieved 19.5% female representation in global workforce and launched the Women’s Network to support the development of women across all sectors and roles at LKQ in order to help reach target of 20% representation by 2025; and Donated over $4 million through the LKQ Community Foundation to charitable causes in areas including: health and human services, technical and general education, environmental stewardship and first responders. The post
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