Parts Maker Schaeffler to Cut 4,700 Jobs on Auto Woes
Schaeffler AG will cut about 4,700 jobs in Europe and close two sites as a deepening slump at Volkswagen AG and other German carmakers ripples through their supply chains.
Emissions Tampering Costs Auto Parts Firm $10M in Fines
On Sept. 10, Rudy’s Performance Parts Inc. and its owner, Aaron Rudolf, were sentenced in federal court in Washington, D.C., for conspiring to violate the Clean Air Act.
Motion Industries Expands in Houston With New Center
Motion Industries, a provider of vehicle maintenance, repair and parts, will open a new service center in Houston in September.
August 29, 2024Maintenance Costs Fell in Q1, Report From Decisiv, TMC Finds
The trucking industry saw combined parts and labor costs continue to trend downward during the first quarter, ATA's Technology & Maintenance Council and Decisiv revealed July 3 in a report.
Parts Suppliers Fear a Crash With Shift to EVs
Anxiety over a transition to electric vehicles is high in the thousands of businesses that have long supplied parts and equipment for cars and trucks powered by internal combustion engines.
Maintenance Costs Ease in Q4, Report From TMC, Decisiv Finds
NEW ORLEANS — Maintenance expenses in the trucking industry decreased 1.4% in the fourth quarter of 2023 compared with the prior quarter, driven by lower costs for parts.
Parts Supplier Forvia to Cut 10,000 Jobs, Look to AI
Auto parts supplier Forvia SE is poised to cut roughly 13% of its European workforce over the next five years, with plans to tap AI to better compete in the shift to electric cars.
Ambac Aftermarket Rebrands as Zillion Heavy Duty Parts
Ambac Aftermarket announced it has rebranded as Zillion Heavy Duty Parts, and the Elgin, S.C.-based company said the division plans to become a stand-alone company this year.
VMRS Portal Is Nearly Here
The Vehicle Maintenance Reporting Standards system is undergoing major updates, including an online portal and codes for electric vehicles.
Aftermarket Parts Costs Are Stabilizing
Industry leaders are pointing to several positive indicators that have caused a drop in aftermarket parts prices in the second quarter of 2023 from the first quarter.