-
Welcome to Auto Parts Forum
Whether you are a veteran automotive parts guru or just someone looking for some quick auto parts advice, register today and start a new topic in our forum. Registration is free and you can even sign up with social network platforms such as Facebook, X, and LinkedIn.
SMP Releases 2023 Corporate Sustainability Report
-
Similar Topics
-
By Counterman
link hidden, please login to view (SMP) announced it has reached a definitive agreement to acquire AX V Nissens III APS (Nissens), a European manufacturer and distributor of aftermarket engine cooling and air conditioning products with a growing array of vehicle control technologies. The transaction values Nissens at approximately $388 million and is expected to be completed in the second half of 2024. “We are delighted to announce this acquisition, which will make our combined business the aftermarket leader in North America and Europe in thermal management products,” said Eric Sills, Standard Motor Products’ chairman and CEO. “It will also expand SMP’s portfolio of powertrain-neutral product categories. We plan to continue operating Nissens as a stand-alone unit, while leveraging the combined strength of the two companies to realize both cost and revenue synergies.”
In a news release announcing the acquisition, Sills added, “We believe the combination with
link hidden, please login to viewis a powerful one. Both companies have a similar go-to-market strategy of supplying full-line professional grade product offerings, and enjoy complementary product portfolios. Meanwhile, the two companies largely operate in different geographic markets. As such, we believe that we are stronger together, capitalizing on synergies in both markets and strengthening our position in each. Together, we can accelerate growth through cross-selling our product offerings, realize cost reduction through combined resources, and achieve enhanced operational excellence though collaboration and best practices.” “We are very excited to have SMP as our new owner”, said Klavs Pedersen, Nissens’ chief executive officer. “We have been following SMP’s activities in the US, and we see a lot of similarities in the way SMP and Nissens operate in their respective focus regions. I have personally known the SMP management team for several years, and I believe there is a very strong cultural fit that will support and accelerate the positive development of both companies. We look forward to becoming part of the SMP family.”
The transaction is subject to certain closing conditions, including receipt of applicable antitrust and other regulatory approvals.
The post
link hidden, please login to view appeared first on link hidden, please login to view.
link hidden, please login to view -
By NAPA
ATLANTA, July 2, 2024 /
link hidden, please login to view/ -- Genuine Parts Company (NYSE: GPC), a leading global distributor of automotive and industrial replacement parts, plans to release second quarter financial results on July 23, 2024. Following the release, management will host a conference call at 8:30 a.m. ET. The public may access the webcast and supplemental earnings materials on the link hidden, please login to view. The call is also available by dialing 1-800-836-8184. A replay of the call will be available on the company's website or toll-free at 1-888-660-6345, ID 93997#, two hours after completion of the conference call. About Genuine Parts Company
Established in 1928, Genuine Parts Company is a leading global service organization specializing in the distribution of automotive and industrial replacement parts. Our Automotive Parts Group operates across the U.S., Canada, Mexico, Australasia, France, the U.K., Ireland, Germany, Poland, the Netherlands, Belgium, Spain and Portugal, while our Industrial Parts Group serves customers in the U.S., Canada, Mexico and Australasia. We keep the world moving with a vast network of over 10,700 locations spanning 17 countries supported by more than 60,000 teammates. Learn more at link hidden, please login to view.
SOURCE Genuine Parts Company
For further information: Investor contact: Timothy Walsh, (678) 934-5349, Senior Director - Investor Relations | Media contact: Heather Ross, (678) 934-5220, Vice President - Strategic Communications
link hidden, please login to view -
By Counterman
link hidden, please login to view announced the release of 116 new part numbers including starters, alternators, wiper motors, sensors, and transfer case motors. Coverage across these product lines includes the 2023 Toyota Tacoma 3.5L (Alternator), 2023 Nissan Kicks 1.6L (Starter), and 2023 Nissan Titan 5.6L (Wiper Motor), all of which are currently in stock and ready for immediate shipment, the company said.
“We are thrilled to introduce these new part numbers to our customers. Our dedication to innovation and quality ensures that we continue to lead the market in providing reliable parts. This release includes several first-to-market additions, demonstrating our commitment to delivering full-coverage solutions that meet the diverse needs of our customers. By consistently enhancing our product offerings, we reaffirm our position as a leader in the automotive industry” said Ron Bernstein, president of WAI North America.
link hidden, please login to viewsaid it offers full line offerings in alternators, starters, and test equipment. The company added that its product categories also include wiper motors, window regulators and motors, and an engine management program, including ignition distributors, ignition modules and coils, manifold air pressure (MAP) sensors, and mass air flow (MAF) sensors. The post
link hidden, please login to view appeared first on link hidden, please login to view.
link hidden, please login to view -
By Counterman
link hidden, please login to viewreleased two new suspension bushing tool kits for on-vehicle R&I of single-wrap and double-wrap heavy-duty suspension bushings – Suspension Bushing Kit with Pump and Suspension Bushing Adapter Kit. Both tool kits replace worn-out, rusted and frozen heavy-duty suspension bushings faster and easier without risking heat or other damage by providing a 25-ton capacity, the company said. Each kit saves hours on each job by making quick work of Pivot and D-pin bushing R&I. OTC’s latest suspension bushing tool kits include:
4247-FR Suspension Bushing Kit with Pump: Includes air/hydraulic pump, 25-ton hydraulic cylinder, hose with couplers, complete puller leg/plates and adapter set for double-wrap leaf springs.
4254-FR Suspension Bushing Adapter Kit: For use with OTC service sets; 4247, 4275, 4261 or 4263 with 4106A 25-ton ram.
OTC said each suspension bushing kit features Hendrickson rear suspensions, including Primaax EX, Comfort Air and FCCC V-Ride Pivot and D-Pin suspension bushings, and freightliner rear suspensions, including double and single-wrapped FAS II Airliner rear suspension bushings. Both also include centering adapters to align tool and bushing for clean installation. Both are available through OTC distribution partners and resellers.
The post
link hidden, please login to view appeared first on link hidden, please login to view.
link hidden, please login to view -
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
link hidden, please login to view appeared first on link hidden, please login to view.
link hidden, please login to view
-
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.