Continental Plans to Spin Off ContiTech
The company is aiming for a potential sale as part of a major restructuring to streamline operations and focus on tire manufacturing.
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automotive
Trump Issues 1-Month Pause on Canada, Mexico Auto Tariffs
According to the White House, Trump told the “Big Three” automakers they should move production to the U.S from Canada and Mexico.
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Motion 4Q U.S. Sales Down, Margin Declines
GPC’s 2024 results show overall sales growth driven by acquisitions and favorable currency impacts, while its industrial parts subsidiary, Motion, continues to face sales declines.
Motion 4Q U.S. Sales Down, Margin Declines Read More »
Genuine Parts to Transition CEOs in June, Makes Big NAPA Acquisition
GPC will promote William Stengel to CEO in June and has completed the acquisition of Illinois-based Motor Parts & Equipment Corp.
Genuine Parts to Transition CEOs in June, Makes Big NAPA Acquisition Read More »
Turkish Supplier Norm Fasteners to Add Plant in Michigan
Norm Fasteners will establish its first U.S. manufacturing facility to support the electric vehicle supply chain and other customers.
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SKF Inaugurates $63M Factory in Monterrey, Mexico
The bearings manufacturing facility will support SKF development in the Americas and meet customer needs as the focus on electrification increases.
SKF Inaugurates $63M Factory in Monterrey, Mexico Read More »
UAW’s “Chaos” Strike Extends to Dozens of Distribution Centers
The United Auto Workers extended its strike to 38 parts distribution centers across 20 states. The centers supply parts to dealerships.
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DoE Allocates $15.5B to Retool Factories for EV Production
The U.S. Department of Energy announced opportunities to help manufacturers retool existing factories and transition to electric vehicles.
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Amazon Launches OEM Auto Parts Store
The move looks to help Amazon keep pace with the well-established eBay Motors marketplace.
Amazon Launches OEM Auto Parts Store Read More »
Motion Sales Jump 14.5% in 3Q
Motion’s third-quarter sales were $1.6 billion, up 14.5% from 2020 and representing 34% of total company revenues.
Motion Sales Jump 14.5% in 3Q Read More »
