NAPA parent names new auto-parts chief Jul 7, 2009
Genuine Parts Co. said Monday it named Paul D. Donahue president of the Atlanta-based company s domestic automotive parts division. Donahue, 52, replaces Larry Samuelson, who retired in May after more than 30 years with the company. (Atlanta Journal-Constitution -- Business)
Auto parts supplier Lear to file for bankruptcy, obtains financing Jul 2, 2009
By Dan Strumpf, AP Auto Writer NEW YORK Automotive parts supplier said Wednesday it is preparing to file for Chapter 11 bankruptcy protection and has lined up financing to fund its operations while under court protection ... A filing for Lear would make it the first major automotive parts maker to seek court protection since. (USA Today -- Autos)
Lear Prepping for Bankruptcy, Has Creditor Support Jul 2, 2009
Automotive parts supplier Lear Corp. said Wednesday it is preparing to file for Chapter 11 bankruptcy protection and has lined up financing to fund its operations while under court protection ... A filing for Lear would make it the first major automotive parts maker to seek court protection since Visteon Corp., the former parts arm of Ford Motor Co., filed for Chapter 11 in May. (ABC News -- Wire)
An awesome event Jun 30, 2009
While in Michigan, they toured the Henry Ford museum and had the opportunity to talk to representatives of automotive parts companies like NAPA. They were given outfits to wear, including the red, patched racing gear they wore during the competition, he said. Bauer said Arnstad and Hagen are busy this summer, but he was able to reach Hagen to ask him what he thought of the trip. (Williston Daily Herald, ND)
Handbag designs patterned on auto parts Jun 21, 2009
Janet Fitchtner draws inspiration for her upscale ladies handbags from automotive parts and related garage accoutrements. Fitchtner is keeping many of her three dozen or so designs under wraps until it's time to roll them out, but car grills inspired one of her initial offerings. (Casper Star-Tribune, WY)
GM, Chrysler bankruptcy woes to clip Ohio's economy Jun 6, 2009
One silver lining is that most of Ohio s automotive parts suppliers serve other original equipment manufacturers, Schoeny said. That includes , which has cut production at its Central Ohio plants but still employs more than 12,000 workers at its assembly and engine factories northwest of Columbus. (Columbus Business First, OH)
GM and Chrysler's bankruptcy cases at a glance Jun 6, 2009
GM also said it will pay $2 billion to Delphi Corp. to aid in the sale of the automotive parts supplier to a private equity firm, in exchange for equity of a newly restructured Delphi. Delphi, GM's largest supplier, is struggling to emerge from its own 2005 bankruptcy protection filing. (Fresno Bee -- Business)
Fresno police raid yields stolen automotive parts Jun 5, 2009
Police officers have recovered several stolen Honda engines and other automotive parts after raids on a Fresno business and a Clovis home. California Highway Patrol Sgt. Leonard Sherman said members of Fresno's Help Eliminate Auto Theft task force searched AS Performance in Fresno on Tuesday and Wednesday after receiving reports of suspicious behavior. (Fresno Bee -- Local)
Belle Fourche to host 22nd annual car rally Jun 4, 2009
On Saturday, the day-long show will be at the city's Herrmann Park, where vehicle entries from South Dakota, North Dakota, Montana and Wyoming will be joined by an array of vendors offering food, outdoor living displays and automotive parts. Car show awards will be presented at 3 p.m.. (Rapid City Journal, SD)
Auto supplier Visteon files Chapter 11 May 29, 2009
Automotive parts supplier filed for Chapter 11 bankruptcy protection Thursday, telling investors its capital structure won t keep the company afloat without a reorganization. Van Buren Township, Mich. (Columbus Business First, OH)
AutoZone 3Q Profit Climbs on Brisk Parts Sales May 28, 2009
Automotive parts retailer AutoZone Inc. on Wednesday said its fiscal third-quarter profit climbed 9. 5 percent, helped by an increase in replacement-part sales as consumers held onto their cars longer. (ABC News -- Wire)
Clement Rules Out Loans for Canadian Auto Parts Manufacturers Amid Slump May 22, 2009
The Automotive Parts Manufacturers Association of Canada had asked Clement to lend as much as C$2 billion ($1. 76 billion), said Gerry Fedchun, the s president. (Bloomberg -- Canada)
NAPA to open store in Princeton May 21, 2009
The National Automotive Parts Association (NAPA) of Atlanta, Ga. will locate a new store in Princeton by the end of this year, according to company officials, who are looking for a location and an owner for the store. (Princeton Bureau County Republican, IL)
Magna's Bid for Opel Is Preferred to Fiat's, German State Official Says May 21, 2009
RHJ gets more than two-thirds of revenue from sales of automotive parts. The company is led by CEO , who joined in 2007 from Credit Suisse, where he was head of European operations. (Bloomberg -- Canada)
New Hoong Fatt sets aside RM17m to widen product range May 15, 2009
PETALING JAYA: Automotive parts manufacturer New Hoong Fatt Holdings Bhd has allocated RM17mil this year to enhance and widen its product range. Managing director Chin Jit Sin said most of the fund would be spent on product development, particularly in the car body segment. (The Star Online, Malaysia -- Business)
Parts makers face crisis May 14, 2009
4-billion to $2-billion in loans to survive until vehicle production resumes, says the Automotive Parts Manufacturers Association of Canada. Chrysler has shut all of its North American plants for 30 to 60 days while it's in Chapter 11 bankruptcy protection and GM has halted production at most of its U.S. plants for as long as nine weeks, so the revenue stream for parts companies is drying up. (Globe and Mail -- Business)
NAPA to sponsor WAC tournament May 8, 2009
Last September, the parent company of Napa Auto Parts bought the assets of C.W. Carter and Redline Automotive, a locally founded automotive parts and warehouse-distributor company. The acquisition included 160 Hawaii-based employees. (Pacific Business News, HI)
Chrysler's Canadian plants halt production May 2, 2009
Gerry Fedchun, president of the Automotive Parts Manufacturers' Association, said it's impossible to guess how many jobs will be lost in the Canadian supplier industry, but it's widely estimated that every one job lost in an assembly plant leads to a total of seven jobs lost in the economy as a whole. Export Development Canada said last month it will provide $700 million Canadian dollars ($585 million) in receivables guarantees to insure parts manufacturers against nonpayment from troubled... (The Star Online, Malaysia -- Business)
Scrap auto parts business picks up amid downturn Apr 28, 2009
"In general, recycled automotive parts sales are up," says Jennifer Johnson, spokeswoman for the Automotive Recyclers Association, an industry trade group. "People are fixing their older vehicles rather than buying new vehicles.". (USA Today -- Autos)
'America's Top Technician' Title Won by Los Angeles High School Students at National Automotive Technology Competition Apr 17, 2009
It is an industry-wide school-to-work initiative supported by nearly every major automaker, technical institutions, OEM suppliers, automotive parts and supplies companies, individual dealers, and dealers associations across the country. For more information visit. (PR Newswire)
Satyam takes Mahindra's M&A success rate to 89% Apr 15, 2009
The Mahindras failed to make an impression on the Jaguar and Land Rover management, and was also rumoured to be eyeing Volvo Car Sint-Truiden, a Belgium-based manufacturer of automotive parts and engines, according to Thomson Reuters. Tech Mahindra, made only three bids during the period, and clinched them all. (India Times)
New Lead Generation Tool for Home Improvement Retailers Via a Major Publisher Apr 14, 2009
The goal is to encourage homeowners to buy replacement windows now, to weigh the current economic conditions against the old automotive parts commercial: "Pay me now, or pay me later". Each homeowner acquiring the e-book will provide their name, phone number, email address and zip code which will become a lead for the home improvement company. (Yahoo News -- Press Releases)
$61 million buys Joe's; big clean-out sale begins Apr 10, 2009
Joe's lineup shifted through the years from Army surplus and camping supplies to a mix of automotive parts, fishing and hunting gear, and sporting goods. Joe's "always knew it could come to this," Paul Possinger, a Chicago-based lawyer retained by Joe's, told the judge at Thursday's sale hearing. (OregonLive, OR -- Business)
Commercial builders expand local services to improve business Apr 5, 2009
It is an after-market retailer of automotive parts, which serves garages and do-it-yourselfers, Merz said. Greg ONeal of ONeal Roofing said he has seen the downturn in commercial building, but his company is staying relatively busy. (Lake City Reporter, FL)
Recession stories Apr 3, 2009
HIROSHI MASUDA, NAGOYA, 32, AUTOMOTIVE PARTS SUPPLIER. Nagoya city is one of the areas worst hit by the economic crisis in Japan. (BBC News)
Natural gas plunge drags down energy prices Mar 28, 2009
The company, whose products include automotive parts, batteries and building systems, did not say how many employees will be affected or which plants it will close. For most of the week, oil traders shrugged off such news as a surge in prices brought more traders into the market. (Muscatine Journal, IO)
Johnson Controls to close 10 plants Mar 28, 2009
The company, whose products include automotive parts, batteries and building systems, said the specific locations of the plants wouldn't be released until employees had been notified. Its North American operations will account for 25 per cent of the cuts, with most of the rest in Europe. (Globe and Mail -- Business)
Auto supplier cuts jobs Mar 28, 2009
Johnson Controls, whose products include automotive parts, batteries and building systems, did not say how many employees will be affected or which plants it will close. The announcement marks the second recent restructuring effort at Johnson Controls, which has been hit hard by the downturn in global vehicle production. (The Clarion-Ledger)
Trying to jump-start workers in Michigan Mar 26, 2009
Last September, the 40-year-old former automotive parts worker from Standish, Mich. was laid off from his job at auto parts supplier Tubular Metal Systems, where he built turbo pipes for GMCs hulking Duramax diesel truck. (MSNBC -- Business)
Jobs: ‘Like we're about to fall off a cliff' Mar 11, 2009
rard Bardiaux, a bookkeeper who struggles to get by on 770 a month after losing the job he had for five years at an automotive parts supplier. It's like we're about to fall off a cliff. (Globe and Mail)
AutoZone posts 2Q profit increase Mar 4, 2009
6 percent Tuesday, as car owners and mechanics increased spending on automotive parts and supplies for used vehicles. Memphis, Tenn. (AZCentral -- Business)
Auto parts suppliers seek aid Feb 14, 2009
Two trade organizations representing U.S. automotive parts suppliers filed a request on Friday with the Treasury Department that seeks financial aid for their members. and are members of one group, the Original Equipment Suppliers Association. (Buffalo Business First, NY)
A New View of Galaxy Formation Feb 11, 2009
Walter Bradley said the mechanical properties of coconut fibers are just as good for automotive parts as synthetic and polyester fibers ... The nuts also don't burn well or give off toxic fumes - crucial qualities in commercial automotive parts. (SkyAndTelescope.com)
More cuts, less severance at GM Feb 11, 2009
The employee, who works at the GM Technical Center in Warren, said his wife works for an automotive parts supplier and her job also is at risk. "When you look at the economy in general, you know it's not just General Motors," he said. (Detroit Free Press)
Showa Denko K.K. (SDK) Announces 2008 Business Results Feb 10, 2009
Demand for chloroprene rubber is steadily increasing for use in automotive parts and many other applications owing to the material's high resistance to oils, heat and weather as well as its high flame retardance ... However, new applications are being developed, including automotive parts (rear lights, interior lighting) and LCD backlight for flat-panel TVs ... High-purity aluminum foils are used in the production of electrolytic capacitors, whose demand has increased substantially in recent... (JCN Network, Japan)
Showa Denko K.K. (SDK) Revises Forecast for 2008 Performance Feb 8, 2009
Sales of the Aluminum segment will decrease, mainly in the area of automotive parts, reflecting the global-scale reductions in automobile production. About Showa Denko. (JCN Network, Japan)
