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.
February 20, 2024Business, Technology, Equipment
Parts Supplier Forvia to Cut 10,000 Jobs, Look to AI
Business, Equipment, Fuel
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.
February 5, 2024Business, Technology, For-Hire
VMRS Portal Is Nearly Here
The Vehicle Maintenance Reporting Standards system is undergoing major updates, including an online portal and codes for electric vehicles.
February 2, 2024Government, Business, Equipment, Fuel
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.
November 6, 2023Business, Equipment
Advance Auto Names New CEO Shane O’Kelly
Advance Auto Parts Inc. named a new CEO and started a strategic review of the business as it struggles to keep up with inflation.
August 23, 2023Government, Business, Equipment
Auto Parts Maker Shinhwa Plans Expansion at Alabama Facility
MONTGOMERY, Ala. — An auto parts supplier plans a $114 million investment to expand its facility in Alabama to support the production of electric vehicle parts, Gov. Kay Ivey’s office announced Aug. 15.
August 16, 2023Business, Technology, Equipment, Safety, For-Hire
Fleets Tackle Parts Shop Organization
Fleets share strategies on how to maintain parts inventory to eliminate downtime and other inefficiencies.
July 14, 2023Business, Equipment
Parts, Labor Expenses Up More Than 8% Year-Over-Year in Q1
Maintenance parts and labor expenses for trucking companies across North America rose more than 8% year-over-year in the first quarter of 2023, according to a recently released study.
June 22, 2023Business, Equipment
Apollo Will Take Parts Supplier Tenneco Private
Tenneco Inc. agreed to be acquired by affiliates of Apollo Global Management Inc., taking the auto parts supplier out of the public market after years of share declines and business upheaval.
February 23, 2022Business, Technology
TMC Survey Shows Impact of Semiconductor Shortage on Fleets
The ongoing shortage of semiconductors along with scant availability of other parts and supplies are causing delays for trucking fleets, a recent survey found.
April 12, 2021