Aftermarket

Tenneco adjusted earnings rise 23% in Q4, shares rise

3:14 pm U.S. ET | Feb. 9, 2016

Tenneco's fourth-quarter adjusted earnings rose 23 percent to $80 million as the the supplier of emission-control systems and ride-control components today reported higher revenue generated from light vehicle production in North America, Europe and China....
Read More »

What is Carl Icahn's plan for Federal-Mogul?

9:19 am U.S. ET | Feb. 1, 2016

When Federal-Mogul this month scrapped its plan to split in two, it raised eyebrows because it came right after its largest shareholder agreed to acquire the auto parts chain Pep Boys-Manny Moe & Jack....
Read More »

Federal-Mogul cancels spinoff of aftermarket division

5:05 pm U.S. ET | Jan. 15, 2016

Federal-Mogul, the diversified auto supplier and aftermarket parts maker controlled by investor Carl Icahn, said it will not spin off its Motorparts aftermarket parts division as it had planned....
Read More »

Bridgestone relents, Icahn prevails in $1 billion bidding war for Pep Boys

10:08 pm U.S. ET | Dec. 29, 2015

Tire giant Bridgestone backed down from a bidding war with billionaire investor Carl Icahn, declining to match his takeover offer of more than $1 billion for the Pep Boys auto-parts retail chain....
Read More »

Icahn sweetens bid for Pep Boys to more than $1 billion

6:58 pm U.S. ET | Dec. 28, 2015

Billionaire investor Carl Icahn raised his offer for Pep Boys to $18.50 a share in cash, or more than $1 billion, escalating a bidding war with Bridgestone for the car-parts chain....
Read More »

Icahn sweetens Pep Boys offer with vow to top Bridgestone

11:35 am U.S. ET | Dec. 23, 2015

Billionaire investor Carl Icahn sweetened his offer to acquire Pep Boys with a promise to top any bid from Bridgestone up to about $1.01 billion....
Read More »

LKQ to buy European spare parts supplier Rhiag in $1.1 billion deal

10:00 am U.S. ET | Dec. 22, 2015

Aftermarket supplier LKQ said it would buy Italy's Rhiag-Inter Auto Parts Italia SpA, owned by private equity firm Apax Partners LLP, to expand in the European auto spare parts market....
Read More »

Carl Icahn raises offer for Pep Boys, tops Bridgestone's bid

9:45 am U.S. ET | Dec. 21, 2015

U.S. auto parts retailer Pep Boys said billionaire investor Carl Icahn raised his offer to buy the company to $16.50 per share, topping Bridgestone's previous offer of $15.50 per share....
Read More »

Ford worker in Ohio charged with stealing tire sensors, selling them on eBay

9:58 am U.S. ET | Dec. 11, 2015

A Cleveland-area auto worker has been indicted for allegedly stealing thousands of tire sensors at a Ford plant and selling them on eBay, causing a brief interruption in vehicle production....
Read More »

Icahn's bid for Pep Boys would boost aftermarket business, but not Federal-Mogul, experts say

1:52 pm U.S. ET | Dec. 10, 2015

If financier Carl Icahn acquires Pep Boys for $863 million, it will give a big boost to his aftermarket retail chain Auto Plus, but not so much for another Icahn asset, Federal-Mogul Holdings....
Read More »

Pep Boys says Icahn's buyout proposal could be superior

9:48 am U.S. ET | Dec. 8, 2015

U.S. auto parts retailer Pep Boys-Manny, Moe & Jack said its board determined that Carl Icahn's offer to buy the company for $15.50 per share could result in a "superior proposal" compared with Bridgestone's current offer....
Read More »

Icahn offers to buy Pep Boys in $863 million deal

2:06 pm U.S. ET | Dec. 7, 2015

Carl Icahn offered to buy auto parts retailer Pep Boys-Manny, Moe & Jack in a deal valued at about $863 million. The offer of $15.50 per share in cash represents a slight discount to Friday's close of $15.69. Japanese tire maker Bridgestone said in October that it would buy Pep Boys for $835 million....
Read More »

Icahn buys into Pep Boys, seeks retail sale to his Auto Plus

11:35 am U.S. ET | Dec. 5, 2015

Investor Carl Icahn disclosed a new 12.1 percent stake in The Pep Boys-Manny Moe & Jack and said the auto parts and maintenance chain’s retail business should be acquired by Auto Plus -- a competitor he controls....
Read More »

Continental invests 250 million euros to expand China tire plant

Nov. 25, 2015 11:28 CET

Continental has started expanding its tire plant in China with an investment of 1.7 billion yuan (250 million euros) in a bid to boost annual output by 40 percent at the factory by 2017....
Read More »

MARK VAUGHN

BLOG: George Barris, King of the Kustomizers, dies at 89

9:29 am U.S. ET | Nov. 6, 2015

George Barris, the man who nurtured and nourished the custom car craze and built many a movie and TV icon car, has died at age 89....
Read More »

Auto parts retailers' immunity to Amazon.com drives gains

11:14 am U.S. ET | Oct. 19, 2015

Not all brick-and-mortar retailers are running in fear from Amazon. Just look at the auto parts industry. The three largest U.S. sellers of replacement parts are seeing sales surge, sending their stock prices on a roll....
Read More »

GM prepares to fight aftermarket repair parts

12:01 am U.S. ET | Aug. 3, 2015

General Motors plans to roll out a new pricing system later this year for its original-equipment collision parts, a bid to take back market share from aftermarket parts makers....
Read More »

Beijing angered by U.S. duties on Chinese tires

7:26 am U.S. ET | June 15, 2015

China's Commerce Ministry today blasted the U.S. for imposing duties on certain automobile and light truck tires imported from China, calling the move "unreasonable" and damaging to world trade....
Read More »

U.S. slaps duties on Chinese tires for cars, light trucks

5:33 pm U.S. ET | June 12, 2015

The United States on Friday imposed duties on certain car and light truck tires imported from China after finding they were being dumped at below-market value and unfairly subsidized by Beijing....
Read More »

Goodyear, Sumitomo to dissolve global tire alliance

12:07 pm U.S. ET | June 4, 2015

Goodyear and Sumitomo Rubber Industries have agreed to dissolve their 16-year-old global tire alliance, with Goodyear to pay SRI $271 million initially and $55 million in three years' time....
Read More »

Wal-Mart revamps auto-care centers

2:40 pm U.S. ET | May 22, 2015

Wal-Mart's auto centers, the car-maintenance areas attached to many of its stores, are getting a service overhaul. To improve the experience and entice more customers, the company is dedicating staffing and training programs to the department....
Read More »

Francois Michelin dies at age 88

9:24 am U.S. ET | April 29, 2015

Francois Michelin, who headed the French tire giant that bears his family name for 47 years, died Wednesday at age 88....
Read More »

Goodyear to spend $550 million on tire plant in Mexico, report says

10:54 am U.S. ET | April 23, 2015

Goodyear Tire & Rubber is planning to spend $550 million on a new tire plant in Mexico, a person familiar with the matter told Reuters, the latest in a string of investment pledges in the country's booming auto sector....
Read More »

ChemChina hopes to re-list Pirelli in Italy; says counterbid will hurt investors

March 30, 2015 09:14 CET

The chairman of China National Chemical Corp. (ChemChina), Ren Jianxin, said he hopes to re-list Italy's Pirelli on the Italian stock exchange. A counterbid for Pirelli would hurt the Italian firm's investors and long-term strategy, he warned....
Read More »

Pirelli CEO sees strong future with ChemChina, no talks on counterbid

March 27, 2015 12:07 CET

Pirelli has a strong future with China National Chemical Corp. and is not talking to others about a possible counterbid, CEO Marco Tronchetti Provera said. ChemChina agreed to become the majority owner of the world's fifth-largest tire maker in an $8 billion deal. The market speculated that Bridgestone could be putting together a counterbid....
Read More »

Automotive News Cover
News by Brand