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Magna to Rescue GM Europe

The car parts manufacturer Magna International has agreed to a deal rescuing GM Europe from insolvency. Fiat, who were said to be putting together a bid, decided to decline the option of attending negotiations, which were attended by the German government. Chancellor Angela Merkel, business ministers and representatives of the German states in which GM plants are located will hold a meeting in Berlin on the evening of 29 May to discuss their potential approval of the deal. GM Europe owns auto-makers Opel and Vauxhall, while its American owners General Motors are widely expected to declare Chapter 11 bankruptcy on Monday 1 June.

29th May 2009/by Tyrepress Editors

Visteon Files Chapter 11 Bankruptcy Protection

In the USA, giant parts supplier Visteon Corp. – faced with severely reduced demand from automakers, has filed for Chapter 11 bankruptcy protection. According to the Associated Press, Visteon filed its petition in the US Bankruptcy Court for the District of Delaware. Last month, it’s Visteon UK subsidiary filed for bankruptcy protection and closed three UK plants.

With its first quarter financials, Visteon showed total liabilities of $3.96 billion and total assets of $4.56 billion. “During the reorganization period, we will seek to address our capital structure and legacy costs that are not sustainable given the current economic environment,” Donald Stebbins, chairman and CEO, said in a statement published by the AP.

Visteon, which in 2000 separated from Ford to become a stand alone company, said Ford has committed to support debtor-in-possession financing for Visteon’s restructuring. Visteon has also applied for court permission to continue serving customers and paying employees and vendors. (Tire Review/Akron)

28th May 2009/by Tyrepress Editors

Motaquip Picks MAM To Replace Paper Catalogues

Motaquip, one of the leading aftermarket parts suppliers in the UK, is to use MAM Software’s latest electronic parts cataloguing solutions in a bid to reduce its reliance on paper parts manuals. As well as recommending Autocat+ to its customers, Motaquip will use MAM’s new Catalogue Data Tool (CDT) to maintain the Motaquip product data that Autocat+ holds.

Motaquip currently produces 54,000 paper catalogues a year, spread over eighteen product categories. By actively encouraging the use of alternative electronic mediums such as Autocat+, Motaquip is aiming to not only save money, but also improve the quality of product information its customers receive.

22nd May 2009/by Tyrepress Editors

Centurion Names New Distributor

Aurora Parts & Accessories, with 400 dealers in its network, has been named a master dealer for Centurion Wheel Manufacturing. Centurion produces wheels for trucks and trailers at produced at factories in China. “We are excited by the prospects afforded by Aurora Parts’ long-established relationships with many leading trailer manufacturers and by its exceptional reputation as a supplier of premium-quality parts,” said Doug Ginder, vice president of Sales at Centurion. “Centurion’s footprint becomes broader as Aurora Parts joins forces with us, providing greater access to the Centurion product line anywhere in the country.”

Aurora Parts is the exclusive distributor of aftermarket semi-trailer parts for Wabash National, Transcraft, Fruehauf, Lufkin and is a supplier of Hyundai Translead parts.

15th May 2009/by Tyrepress Editors

TRW Adds Shock Absorbers to PrOEquip Range

TRW has extended its vehicle spare parts line-up with the introduction of a shock absorber range. This addition to its “TRW PrOEquip” line-up, on the market in Europe since March 2009, offers coverage for 94 per cent of the European truck market. Manufacturers covered by the TRW PrOEquip range include BPW, DAF, Evobus, Fruehauf, Hendrickson, Iveco, Kässbohrer, MAN, Mercedes, Neoplan, ROR, RVI, SAF, Scania, Schmitz Cargobull, Van Hool and Volvo.

Brakes, steering and suspension products are already included in the TRW PrOEquip range and therefore the addition of shock absorbers is a logical development. The products are manufactured in the company’s European aftermarket factories.

27th April 2009/by Tyrepress Editors

Hankook Canada Has New Home

Hankook Tire Canada has a new home. The company moved into a new headquarters building and primary warehouse in January, shifting from its former home in Mississauga, Ontario, to a 120,000-square-foot facility in nearby Brampton, Ontario.

The new facility will continue to service tyre dealers in Ontario, using independent distributors to handle dealers in other parts of the country. (Tire Review/Akron)

23rd April 2009/by Tyrepress Editors

Granutech-Saturn Names Mike Hinsey as International Vice President

Tyre recycling machinery maker Granutech-Saturn Systems has announced the appointment of Mike Hinsey as international vice president and the promotion of Scott White to the position of sales manager. Hinsey, a 25-year Granutech veteran, was previously the company’s international sales manager, a post he held for more than 15 years. In his new position he will develop and direct all non-US sales efforts, will oversee the activity of a number of sales agents with international territories, and will report to Granutech’s board of directors.

20th April 2009/by Tyrepress Editors

MAM Aids IFA

MAM Software is helping members of the Independent Motor Factors Association (IFA) share valuable product knowledge through its Autocat+ electronic parts catalogue. This facility, which is currently being used by fourteen members, enables individual businesses to create product notes for any product or application and share them with other members through the catalogue.

The Autocat+ notes facility allows comments to be recorded against any part number, product group or application that appears in the catalogue. These are stored in a central database and, once approved, made available to all members within the group. The comments will appear automatically whenever the trigger part number, group or application is used.

16th April 2009/by Tyrepress Editors

NAPA Launches Rebate Program for Brakes

In May, NAPA Brakes will launch a rebate program supported by a nationwide campaign for its Adaptive One brake pads and The Perfect Brake Job. Adaptive One pads have been engineered to offer superior stopping power, low noise and low dusting attributes. Adaptive One is tailored for any driving style, and boasts excellent coverage for passenger cars, light trucks and SUVs, according to NAPA

During the month of May, consumers can get The Perfect Brake Job – a combination of the correct premium parts and the correct repair procedures – for less, with a mail-in rebate. Those who have brake service at any participating auto repair facility with qualifying Adaptive One and Ultra Premium brake parts can get up to $90 cash back on a four-wheel brake job. Do-it-yourselfers who purchase qualifying Adaptive One or Ultra Premium brake parts at any NAPA Auto Parts store can get up to a $70 rebate on a four-wheel brake job. Media support for Adaptive One will include radio ads in 150 markets and satellite outlets; syndicated “Bob and Tom” voiced spots; USA Today color ads; Google ads; and FoxSports.com Fantasy MLB league advertising. (Tire Review/Akron)

1st April 2009/by Tyrepress Editors

Unipart Automotive Launches Apprentice Scheme

In the wake of Gordon Brown’s announcement to increase the number of apprenticeships for 16 to 18-year-olds, Unipart Automotive is launching an apprentice scheme across its Unipart Car Care Centre network from September 2009. Funded by the Learning & Skills Council, the programme will enable apprentices to benefit from skills training and continuous professional development, ensuring motorists receive the highest standards of service from the independent garage sector.

The three-year training course will provide successful students with both ATA and NVQ Level 3 qualifications. Apprentices will go through a strict selection process to ensure the most promising candidates are selected. In addition to the structured programme, those who are chosen for the Unipart course will also learn about the importance of using OE matching quality parts, garage accreditation and customer service, as well as elements of the industry renowned Unipart Way to give them tools to help with the day to day running of a workshop. With on-the-job training at Unipart Car Care Centres, the apprentices will be provided with Unipart-branded clothing, protective equipment and specific tools along the way.

20th March 2009/by Tyrepress Editors

MAM To Introduce EDIWHEEL E-Commerce Functionality

MAM Software has announced the forthcoming release of its 'Autonet Ediwheel Buyer (AEB)' e-commerce solution. When launched in April, AEB will enable users of MAM's Autopart software to retrieve real-time stock availability from any Ediwheel-enabled supplier. In addition, users can place immediate purchase orders and receive real-time line-level acknowledgements.

Ediwheel is a new and commonly agreed e-commerce protocol, developed by the major tyre manufacturers to communicate on a business-to-business basis with their trade customers. By conforming to Ediwheel, MAM's AEB will be compatible with any major European tyre manufacturer and tyre importer that has adopted this standard.

20th March 2009/by Tyrepress Editors

Double Coin Claims Doubled Mexico Share

CMA said that marketshare for its Double Coin brand in Mexico has more than doubled since the lines were re-introduced in the country in 2007. For 2008, Double Coin held a 1.5 per cent share in Mexico, up 100 per cent vs. 2007, CMA claimed.

“The partnership we fostered beginning in 2007 with Del-Nat Tire Corp. and Todo Neumáticos y Más (TNM) has created a seamless marketing effort for Double Coin in Mexico,” said CMA vice president Aaron Murphy. “It has allowed us to utilize a strong dealership network in all parts of Mexico as our solid foundation for sales and service on our products, as well as capitalise on the strengths that Del-Nat offers when managing export sales.” TNM is a buying group of 13 dealer/distributors throughout Mexico with its headquarters in Queretaro. (Tire Review/Akron)

18th March 2009/by Tyrepress Editors

Goodyear Wins Place on Fortune’s “Most Admired” List

US-based Fortune Magazine has once again listed Goodyear as one of the most admired companies in the world in its annual list-based issue. Chairman and CEO Robert J. Keegan expressed his pleasure at the ranking in a release from the manufacturer: “This global recognition by our industry peers is something for which all Goodyear associates can be proud.”

Among companies in the Motor Vehicle Parts category, Goodyear was the highest-ranked tyre company, the top US-based company and placed at number 2 overall. The tyre maker was awarded top-two finishes in five of the nine key attributes measured, coming first in Use of Corporate Assets and Social Responsibility and second in Innovation, Quality of Products and Services and Global Competitiveness.

16th March 2009/by Tyrepress Editors

AAIA: Vehicle Repairs Cost 34% More at Car Dealers

Vehicle repairs cost an average 34 per cent more at car dealerships than at independent repair shops, according to a study by the Automotive Aftermarket Industry Association (AAIA). That price differential, AAIA said, results in $11.7 billion annually in excess costs to consumers. The study also reveals differences in the costs of parts and labor from city to city. Consumers in Los Angeles, the study showed, pay as much as 46.8% more for repairs at car dealers than at independent repair shops. (Tire Review/Akron)

12th March 2009/by Tyrepress Editors

Kremenchug Wheel Plant Idles Production

Ukrainian cold-formed steel wheel maker JSC Kremenchug Wheel Plant has opted to suspended production between 12 February and 16 March. According to a report published at Russian news site, ityre.com, the company cited sharp declines in demand as the reason. Kremenchug Wheel Plant reportedly also intends to lay off 334 people. The latest move follows an earlier decision to reduce its working week from five to three days.

20th February 2009/by Tyrepress Editors