Aftermarket Stabilizing, but Uncertainties Remain Says AIA

Following on from its initial survey on the impact of COVID-19 on business conditions in the automotive aftermarket, conducted April 20-May 8), AIA Canada has released the results of a second study.

Conducted between June 1 and 12, 2020, the study targeted aftermarket business owners and employees across the country, including parts manufacturers, retailers, wholesalers, warehouse distributors, collision centres, mechanical service shops and quick lube centres.

Read the source article at Autosphere.ca

AIA Canada Announces the Cancellation of Canada Night Held During AAPEX 2020

The Automotive Industries Association (AIA) of Canada announces that the 2020 edition of Canada Night has been cancelled due to ongoing uncertainty surrounding COVID-19 restrictions and concerns for the health and safety of participants.

Originally scheduled for November 3, 2020, Canada Night was to have taken place during the Automotive Aftermarket Parts Exposition (AAPEX) in Las Vegas, Nevada.

Read the source article at Autosphere.ca

TIA Issues Statement on ‘Invest in America Act’

On June 3, the House Transportation and Infrastructure Committee released draft text of a five-year, $494 billion surface transportation reauthorization bill entitled the “Investing in a New Vision for the Environment and Surface Transportation in America Act” or the “INVEST in America Act.”

The bill includes $411 billion in contract authority from the Highway Trust Fund for highway, transit, safety and research programs. $319 billion is the portion allocated for the Federal-aid highway program under the Federal Highway Administration.

 

Read the source article at Tire Review

Cooper Standard announces changes to Global Leadership Team

Cooper Standard today announced the following changes to its Global Leadership Team, effective August 1: …

“With Patrick, Chris and Bill in these crucial global roles, Cooper Standard is well positioned to drive our business and deliver for our stakeholders,” said Jeffrey S. Edwards, chairman and CEO, Cooper Standard. “We’re proud of the strength and capabilities of our leadership team which enables us to shift these key functions to existing internal talent while maintaining world-class service to our customers.”

 

 

Read the source article at Automotive World

Menegaux: Further Michelin and Continental JVs and acquisition collaborations ‘possible’

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Michelin CEO Florent Menegaux has suggested about further collaboration with fellow leading tyre manufacturer and automotive supplier Continental. The French and German companies have cooperated on the Eurofit wheel business since the 1990s and entered into the Rubberway supply chain joint venture in September 2019.

Read the source article at Tyrepress

Michelin Launches Premium Line of Automotive Belts, Tensioners and Idlers on Amazon

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GREENVILLE, S.C., June 9, 2020 /PRNewswire/ — Michelin North America is launching a new line of quality automotive belts, tensioners and idlers available for purchase through Amazon. Automotive technicians and “DIY” enthusiasts can now purchase Michelin serpentine drive belts, along with…

Read the source article at PR Newswire

U.S. auto suppliers cheer as carmakers relaunch, but long-term worries remain – Reuters

DETROIT (Reuters) – Auto parts suppliers across North America said they are encouraged as major automakers accelerate production after coronavirus pandemic shutdowns, but are holding back on hiring and investment because of longer-term uncertainty. U.S. automakers reopened most assembly plants in late May after states began loosening restrictions, and stronger-than-expected retail auto sales in May have automakers ramping up production of the highly profitable trucks and SUVs consumers are buying. However, several auto suppliers interviewed by Reuters worry about demand heading into 2021. U.S. and global auto sales are not expected to recover to pre-COVID-19 crisis levels until 2022 …

Read the source article at reuters.com

Parts maker Visteon expects global auto output to plunge up to 25% – Reuters

(Reuters) – Major auto parts supplier Visteon Corp (VC.O) on Thursday forecast global production volumes for the auto industry to fall between 20% and 25% this year and warned it would be a couple of years before they returned to 2019 levels. The U.S. auto industry has been struggling to recover after the coronavirus pandemic shutdown factories and disrupted global supply chains for two months.

Read the source article at reuters.com

Hankook Tire to Equip the All-New 2021 Chevy Trailblazer with Kinergy GT

NASHVILLE, Tenn., June 15, 2020 /PRNewswire/ — Leading global tire maker Hankook Tire will supply Chevrolet’s All-New 2021 Trailblazer with its all-season tire, Kinergy GT (H436). The Trailblazer RS will be equipped with Kinergy 225/55R18H, and for the ACTIV trim level, Hankook will…

Read the source article at PR Newswire

Total U.S. Aftermarket Forecast to Decline 8.8% But Expected to Rebound in 2021

RESEARCH TRIANGLE PARK, N.C. and Bethesda, Md. – June 5, 2020 – Total U.S. automotive aftermarket sales are forecast to decrease 8.8 percent in 2020 as a result of the impact of the COVID-19 pandemic and related factors, according to the “2020 Joint Channel Forecast Model” produced jointly by the Auto Care Association and the Automotive Aftermarket Suppliers Association (AASA). The 2020 Joint Channel Forecast Model also predicts that total light duty aftermarket sales will grow from $281 billion in 2020 to $314 billion in 2021.

Read the source article at autocare.org