Aftermarket

Haig Partners Serves as the Exclusive Advisor on the Sale of Lebanon Ford to Nucar Family of Dealerships

Retrieved on: 
Wednesday, March 13, 2024
Automotive, Automotive Manufacturing, Manufacturing, General Automotive, Construction & Property, Business, Finance, REIT, Consulting, Other Automotive, Banking, Accounting, Recreational Vehicles, Professional Services, Performance & Special Interest, Off-Road Trucks & SUVs, Motorcycles, Fleet Management, EV, Electric Vehicles, Aftermarket, Partner, Growth, PLLC, Sale, LLP, Acquisition, Ford, Holland & Knight, Multimedia, Family, Car dealership

Haig Partners LLC , the leading buy-sell advisory firm to auto, heavy truck and RV dealers in the U.S., served as the exclusive sell-side advisor to Saint J Auto on the sale of Lebanon Ford in Lebanon, NH to Nucar Family of Dealerships based in New Castle, DE.

Key Points: 
  • Haig Partners LLC , the leading buy-sell advisory firm to auto, heavy truck and RV dealers in the U.S., served as the exclusive sell-side advisor to Saint J Auto on the sale of Lebanon Ford in Lebanon, NH to Nucar Family of Dealerships based in New Castle, DE.
  • Lebanon Ford has been a family endeavor, managed by my sons, Nathan and Evan, alongside our COO and longtime friend, Ray Gaudette, since its inception.
  • "We extend our heartfelt congratulations to Chris and Dan Dagesse of Nucar Family of Dealerships on this acquisition.
  • The sale of Lebanon Ford represents the 26th dealership the team at Haig Partners has bought or sold in New England.

APR Unveils Ultralink Platform for European Vehicle Performance Tuning

Retrieved on: 
Tuesday, March 12, 2024
Automotive Manufacturing, Aftermarket, Automotive, Technology, Manufacturing, Other Automotive, General Automotive, Vehicle Technology, Software, Performance & Special Interest, Hardware, OBD-II, Octane, Cupra, Seat, Skoda, Volkswagen, APR, MAP, USB, Torque, Dongle, Multimedia, Configuration, CAD, Credit

APR, a Holley Performance Brand, has launched APR Ultralink , an at-home flash-tuning software platform that allows enthusiasts to quickly and conveniently performance tune certain European vehicles from any location using a laptop and USB custom interface.

Key Points: 
  • APR, a Holley Performance Brand, has launched APR Ultralink , an at-home flash-tuning software platform that allows enthusiasts to quickly and conveniently performance tune certain European vehicles from any location using a laptop and USB custom interface.
  • The innovative APR Ultralink platform marks a significant shift in vehicle tuning, combining flexibility, speed and ease, and highlights APR's role in Holley's mission to support the modern vehicle community with one of the broadest portfolios of performance brands.
  • APR Ultralink streamlines this process , giving customers greater control over when and where they tune their vehicle.
  • The total time to purchase, download and install the APR tuning software via APR Ultralink is as little as 15 minutes.

Advance Auto Parts Appoints Three New Independent Directors

Retrieved on: 
Monday, March 11, 2024
Aftermarket, Retail, Automotive, General Automotive, Other Automotive, Specialty, Proskauer Rose, Growth, LLP, Third Point Management, AAP, Saddle Point, O'Reilly Auto Parts, Centerview Partners, Willkie Farr & Gallagher, Advance Auto Parts, Management

Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, today announced that it has appointed A. Brent Windom, Gregory L. Smith and Thomas W. Seboldt as independent directors to the Advance Auto Parts board, effective immediately.

Key Points: 
  • Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, today announced that it has appointed A. Brent Windom, Gregory L. Smith and Thomas W. Seboldt as independent directors to the Advance Auto Parts board, effective immediately.
  • “We are pleased to welcome Brent, Greg and Tom to the Advance Auto Parts board,” said Gene Lee, independent chair of the board of directors.
  • At the 2024 annual meeting scheduled for May 22, 2024, 11 director nominees are expected to stand for election to the Advance Auto Parts board, including the three newly appointed directors.
  • Centerview Partners LLC is acting as financial advisor to Advance Auto Parts and Hogan Lovells US LLP is acting as legal counsel.

ATrack to Showcase AI-Vision Solutions for Future Mobility with Taisys at CAEV EXPO 2024

Retrieved on: 
Tuesday, March 12, 2024
Aftermarket, Consumer Electronics, Automotive, Technology, Other Automotive, General Automotive, Public Safety, Artificial Intelligence, Audio, Video, Public Policy, Government, Fleet Management, Cloud, Data analysis, LTE, CAEV, ADAS, AI, Accident, Advanced driver-assistance system, Behavior, DMS, Safety, Driver monitoring system, ID, Multimedia, WDR, Mobile phone

ATrack Technology Inc., a pioneering force in the telematics industry, is poised to unveil groundbreaking innovations in the realm of AI-powered dash cams and telematics box solutions at CAEV Expo 2024.

Key Points: 
  • ATrack Technology Inc., a pioneering force in the telematics industry, is poised to unveil groundbreaking innovations in the realm of AI-powered dash cams and telematics box solutions at CAEV Expo 2024.
  • ATrack will be co-exhibiting with Taisys at booth no.
  • In the rapidly evolving technological landscape, Advanced Driver Assistance Systems (ADAS) and Driver Monitoring Systems (DMS) emerge as crucial components of future fleet safety solutions.
  • 192-197 at CAEV Expo 2024 to witness firsthand the cutting-edge innovations reshaping the landscape of AI-powered telematics and ensuring the safety of future mobility.

At South Carolina Nissan dealership, doing good is good for business

Retrieved on: 
Friday, March 8, 2024
Aftermarket, Automotive, Other Automotive, Automotive Manufacturing, General Automotive, Manufacturing, Other Manufacturing, Service, Language, Parent, Multimedia, Twin, Partnership, Toy

In 2001, at the age of 34 – and as a mother of a toddler and 3-month old twins – she did.

Key Points: 
  • In 2001, at the age of 34 – and as a mother of a toddler and 3-month old twins – she did.
  • (Photo: Business Wire)
    In 2001, at the age of 34 – and as a mother of a toddler and 3-month-old twins – she did.
  • Since the beginning, Thacher has centered her business around the community by developing a robust community partnership program to thoughtfully select sponsorships and volunteer events.
  • Currently, about 40% of sales at the Vaden Nissan Hilton Head store is to people whose first language is something other than English.

Enpro to Present at the Sidoti Spring Small Cap Conference

Retrieved on: 
Friday, March 8, 2024
Chemicals, Plastics, Semiconductor, Aerospace, Manufacturing, Technology, Pharmaceutical, General Automotive, Aftermarket, Other Technology, Other Manufacturing, Science, Automotive, Other Science, Health, Research, Sidoti, NPO, Inc., Conference

Enpro Inc. (NYSE: NPO) will participate in the Sidoti Spring Small Cap Conference on Wednesday, March 13, 2024.

Key Points: 
  • Enpro Inc. (NYSE: NPO) will participate in the Sidoti Spring Small Cap Conference on Wednesday, March 13, 2024.
  • Milt Childress, Executive Vice President and Chief Financial Officer, and Joe Bruderek, Executive Vice President – Finance, will present virtually at 9:15 a.m. Eastern Time.
  • The webcast presentation will be available on the company’s website, http://www.enpro.com .

VSE Corporation Declares Quarterly Cash Dividend

Retrieved on: 
Friday, March 8, 2024
Other Defense, Automotive Manufacturing, Aerospace, Manufacturing, Defense, Trucking, Fleet Management, Maritime, Air, Transport, Aftermarket, Machinery, Automotive, Logistics, Supply Chain Management, Engineering

VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced that the Company’s Board of Directors has declared a regular quarterly cash dividend of $0.10 per share of VSE common stock.

Key Points: 
  • VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced that the Company’s Board of Directors has declared a regular quarterly cash dividend of $0.10 per share of VSE common stock.
  • The dividend is payable on May 16, 2024, to stockholders of record at the close of business on May 2, 2024.

REV Group Releases Its 2023 Sustainability Report

Retrieved on: 
Thursday, March 7, 2024
Professional Services, Aftermarket, Automotive, DEI (Diversity, Equity and Inclusion), Other Travel, Travel, Other Transport, Trucking, Transport, Automotive Manufacturing, Manufacturing, Sustainability, Other Automotive, Environmental, Social and Governance (ESG), Environment, Recreational Vehicles, Performance & Special Interest, Corporate governance, REV Group, Corporate sustainability, Multimedia, Quality of life, Social, ESG, NACD, Hazardous waste, Atmosphere of Earth, REVG, REV, HR, Workforce, Recreational vehicle, Management

REV Group, Inc. (NYSE: REVG), whose subsidiaries are leading manufacturers of specialty vehicles including fire trucks and RVs, has published its fifth annual corporate responsibility report.

Key Points: 
  • REV Group, Inc. (NYSE: REVG), whose subsidiaries are leading manufacturers of specialty vehicles including fire trucks and RVs, has published its fifth annual corporate responsibility report.
  • The 41-page 2023 Corporate Sustainability Report focuses on REV Group’s Environmental, Social and Corporate Governance (ESG) performance and progress for fiscal year 2023 (November 1, 2022 to October 31, 2023).
  • The 41-page 2023 Corporate Sustainability Report focuses on REV Group’s Environmental, Social and Corporate Governance (ESG) performance and progress for fiscal year 2023 (November 1, 2022 to October 31, 2023).
  • (Photo: Business Wire)
    REV’s 2023 Sustainability Report meets the requirements of the Global Reporting Initiative Standards, which is a standardized, internationally recognized framework that enhances the transparency and accountability of reporting.

CARiD.com Secures $35 Million in Funding, Marking a Major Milestone for the Business

Retrieved on: 
Thursday, March 7, 2024
General Automotive, Fleet Management, Aftermarket, Automotive, ID, Ageing, Growth, AI, Customer Service Excellence

This significant financial milestone is a testament to the Company's resilience, innovation, and the successful execution of its strategic turnaround plan.

Key Points: 
  • This significant financial milestone is a testament to the Company's resilience, innovation, and the successful execution of its strategic turnaround plan.
  • Founded in 2008, CARiD has grown from a startup into one of the most comprehensive and user-friendly platforms for automotive parts and accessories.
  • Earlier this year Fifth Star, Inc. acquired a majority stake in CARiD with its $35 million investment.
  • This investment marks a significant vote of confidence in CARiD’s business model, growth strategy, and its commitment to serving the automotive community.

Superior Reports Full Year and Fourth Quarter 2023 Financial Results

Retrieved on: 
Thursday, March 7, 2024
Other Manufacturing, Aftermarket, Automotive, Engineering, Tires & Rubber, Automotive Manufacturing, General Automotive, Manufacturing, Income tax, OEM, Aluminium, Debt, Growth, Net income, Earnings, GAAP, Administration, UAW, SPG, Foreign exchange market, Development, Bank

“Our teams demonstrated incredible resilience in 2023 as we navigated a challenging operating environment that significantly weighed on our financial results.

Key Points: 
  • “Our teams demonstrated incredible resilience in 2023 as we navigated a challenging operating environment that significantly weighed on our financial results.
  • Income Tax Benefit for the fourth quarter of 2023 was $33 million, compared to an Income Tax Provision of $3 million in the fourth quarter of 2022.
  • The Company reported Cash Flow Provided by Operating Activities of $44 million in the fourth quarter of 2023, compared to $78 million in the fourth quarter of 2022.
  • Unlevered Free Cash Flow, a Non-GAAP financial measure, was $50 million for the fourth quarter of 2023, a decrease of $30 million compared to the fourth quarter of 2022.