Archive for October, 2007

Interamerican Motor Corporation Incorporates WHI’s Nexpart Virtual Inventory

Wednesday, October 31st, 2007

Interamerican Motor Corporation (IMC), a flourishing distributor and importer of replacement tools and Aftermarket Performance Parts, has duly announced the availability of WHI’s Nexpart Virtual Inventory to its partners. This new program is sure to enhance the accessibility features of IMC, as Nexpart Virtual Inventory would create stock at the IMC Distribution centers through its channel associate Nexpart eCommerce websites. This would in turn allow the online purchase of parts, even if the nearest distributor is out-of-stock.

Thomas Beer, IMC President, is confident that this new partnership and new program would further boost the IMC growing business: “Virtual Inventory allows us to meet our customer’s inventory requirements in a way not possible before and our expectation is that it will have significant impact on helping them to grow their business. Providing channel partners and their customers the ability to seamlessly integrate real time ordering from our DCs will allow them to capture sales that they are missing today.”

Bryan Murphy, WHI’s President and CEO, is also positive that its product offering to IMC would produce nothing but exceptional results: “IMC is a company that understands how to use technology to create competitive advantage. Making DC inventory available online to their channel partners and over 76,000 Nexpart eCommerce users is another powerful reason to do business with IMC. Maximizing supply chain efficiency between manufacturers, distributors and their customers is critical to the long term profitability for the aftermarket, and Nexpart Virtual will play a key role.”

As additional background for Interamerican Motor Corporation and WHI, below are company profiles, as released in the press statement. For more details, please visit the company websites indicated below:

One of the fastest growing software companies in America, WHI provides solutions to over 1600 large and small companies in the Automotive, Hard goods and Electrical distribution markets, including over 21 Fortune 500 customers. WHI products and services are used by over 100,000 users to increase their effectiveness and efficiency. Products are specialized for use by manufacturers, distributors, retailers, and their customers. Investors in WHI, Inc. include Polaris Venture Partners, MidMark Capital, Goldman Sachs and Starboard Capital. Learn more at http://www.whisolutions.com/

Interamerican Motor Corporation has been in business for more than 40 years serving customers with quality import auto parts. IMC’s winning formula utilizes the latest technology to manage and deliver high quality auto parts while keeping the personal touch for the customer. Our corporate office/west coast distribution center is located in Canoga Park, CA. We have more than 430,000 square feet in our 10 locations nationwide with more on the way. http://www.imcparts.net/

GM Performance Parts Sponsors 35th Annual RPM Promoters Workshop

Tuesday, October 30th, 2007

GM Performance Parts, supplier of engine systems to the oval racing sport, is proud to announce that it has agreed to be a supporting sponsor for the 35th Annual RPM Promoters Workshop. To date, GM Performance has been supporting said workshop for seven series already.

Bill Martens of the GM Performance Parts is quite happy with the partnership, as it stands not only to support GM’s racing consumers, but also act as a marketing program for prospective target market. Martens attests: “GM Performance Parts is pleased to support weekly racing with its technology and as a supporting sponsor of the Workshops. We recognize weekly tracks’ importance as a local recreational asset and that weekly race tracks offer excellent marketing opportunities for GM dealers and GM Racing.”

Stewart Doty, RPM Promoters Workshop Chairman, shares the same pleasure relative to the long-running partnership: “We are pleased to renew our association with GM Performance Parts for the sixth consecutive year. Every season more and more promoters look at crate engines as a tool for cost containment, and GM offers three of the best engines available. GM is committed to its crate engine program, and to demonstrate that commitment support the Workshops and we are appreciative.”

This 35ths workshop, with a working title of “Growing the Grassroots, Selling your Tickets,” will feature a presentation from Jacob Agajanian. Also, a Question & Answer session will follow immediately thereafter. Relative to the talk, Agajanian would aim to explain the audience how short track promoters can use similar promotional tactics to reach the digital market. For those unfamiliar, Jacob Agajanian presides over Motorsports Management International as Director of New Media. With the said position, he is able to manage the websites of Kasey Kahne and Tony Stewart, as well as developing e-marketing programs using clever tools and strategies such as special webisodes, fan sites, and email blasts.

The 35th Annual RPM Promoters Workshops Series starts on the 29th of November at the Eldorado Hotel Casino in Reno. It is estimated to end in Florida during the 2008 February Speedweek.

For requests or further information for the registration procedures for the RPM Promoters Workshops, contact the RPM via its website at: www.racingpromotionmonthly.net. RPM could also be reached at the editorial offices of Racing Promotion Monthly at PO Box 195, Edgar, WI 54426, 715-536-1067.

Below is a short description of GM Performance as provided in the company press release statement:

GM Performance Parts provides a wide range of replacement parts and Aftermarket Performance Parts. Its lineup includes systems and parts such as the engine, transmission, chassis, and suspension components for high-performance and racing applications. All goods and products are available through its numerous GM brand dealers, as well as through Chevrolet, Buick, Pontiac Cadillac, and GMC trucks. GM Performance Parts is at the development forefront of crate racing engine applications, working hand in hand with promoters, tours and series, and aftermarket upfitters.

Progressive Automotive Systems and ACDelco Releases New Software

Sunday, October 28th, 2007

Progressive Automotive Systems has promptly announced its new software called the R.O. Writer™ shop management system version 1.20. With such a new system, the company gets to be more connected with ACDelco, supplier of numerous automotive replacement tools and aftermarket performance parts.

With a single click of this R.O. Writer™, PAS is equipped to link up with ACDelco Warehouse distributors relative to parts availability, costing, and labor time. Once these three factors are established, the combined data is then incorporated on the repair order in the R.O. Writer™ System.

Paul Van Camp, Progressive Automotive Systems (PAS) Director of Sales, has this to say: “While the R.O. Writer™ shop management system has supported Internet parts ordering for several years, the technology used has been generic for all ACDelco independent repair centers. With the new ACDelco ‘WISEConnect™’ interface, ACDelco independent service centers will have availability to check their local ACDelco Warehouse partner’s inventory levels for parts, labor hours and ACDelco Marketing Incentive Dashboards, all from their R.O. Writer™ System.”

James Nagy, PAS Director of Development, further attests: “The new ‘WISEConnect™’ interface adds another strategic component to the R.O. Writer™ Shop Management Application Suite. Now ACDelco users will have complete access to ACDelco parts, labor, vehicle specifications, and more with this intuitively obvious user interface. All this functionality is completely integrated into the natural R.O. Writer™ Estimate and Repair Order workflow. This is truly a breakthrough for ACDelco independent service centers that have chosen to use the best Shop Management System on the market as they will now have direct access to ACDelco information.”

Stephen Sigg, ACDelco E-Business manager, for his part is also pleased about this enhanced partnership and development: “This is truly exciting. Progressive Automotive Systems’ R.O. Writer™ WISEConnect™ interface module now offers a powerful e-Sourcing tool for our independent service centers and distributors from the R.O. Writer™ point of sale solution. While it serves the repair shop’s business needs first (parts & labor), the interface will also benefit ACDelco online parts distributors. Not only will shops use this tool to do more e-Commerce, research proves the internal efficiencies created will let them generally fix more cars and buy more parts. We’re proud to be a part of this initiative.”

Below are concise profiles of both Progressive Automotive Systems and ACDelco, as provided in the release statement:

Progressive Automotive Systems, Inc.
Developer of the R.O. Writer™ shop management system, PAS has been providing software solutions to the automotive aftermarket since 1989. As early as 1977, PAS provided consulting services for franchise automobile dealers. In the decades that followed, PAS has helped thousands of shop owners reach their true potential. Automotive service provider Midas, Inc, acquired Progressive Automotive Systems in 2001.

ACDelco
ACDelco is a global leader in automotive replacement parts and related services and offers quality aftermarket products and Aftermarket Performance Parts for all makes and models, including Ford, Chrysler, General Motors, Toyota and Honda, plus some original equipment replacement parts. As of February 2007, ACDelco offers more than 100,000 parts across 37 product lines. ACDelco has nearly 100 years of experience in the automotive industry and is a brand of GM Service and Parts Operations, a division of General Motors.

Franchise Capital Plans to Acquire Dr. Gas, Inc.

Friday, October 26th, 2007

It was previously reported of Franchise Capital’s acquisition of Aero Exhaust and an indication of another prospective company buyout. This time, the prospect has been named, with Franchise Capital announcing its letter of intent to acquire Dr. Gas, Inc. The said company is a known manufacturer of aftermarket performance parts, and to be more specific, performance exhaust systems for pro-race and street exhaust applications. In fact, Dr. Gas is the reputed producer of 90% of all the exhaust mechanisms used in Nextel Cup Series, Craftsman Truck Series, Busch Grand Nationals, and the prestigious NASCAR series.

Included in lineup of Dr. Gas Exhaust Systems are that of the h-pipes, Xscream® crossover, oval tubing performance exhaust, and y-pipe systems, all of which have provided a significant change for the performance exhaust sound of racecars and other performance cars. Moreover, Dr. Gas is also responsible in designing the revolutionary and innovative Spin Tech racing mufflers. To date, the firm has existing products for cars, trucks, motorcycles, RVs, marine transports, and even in the aircraft and industrial systems.

If ever the acquisition of Dr. Gas pushes through, this company is expected to blend perfectly with the operations of Aero Exhaust. Multiple benefits are duly anticipated, as Dr.Gas would be handled in such a way that the said company enhances the fabrication of materials for Aero Exhaust products. Indeed, the fabricating capacities of Dr. Gas are expected to enhance and improve the supply of Aero’s line of turbo and cat-back mechanisms.

Bryan Hunsaker, Chief Executive Officer of Aero Exhaust and Franchise capital, reiterates how Dr. Gas could greatly enhance the company’s existing product lineup: “We are extremely pleased to announce our initial agreement to acquire Dr. Gas, Inc. While the demand for Aero’s products has been high, distribution has been limited by the lack of sufficient inventory of piping for our full exhaust systems. The company’s 2007 financial performance was hindered by a lack of supply of products for distribution, and the acquisition of Dr. Gas is expected to remedy this shortfall. Aero’s distribution partners are anxious to have a larger supply of our full exhaust systems and we strongly believe that through the acquisition of Dr. Gas, Inc., Aero will be better able to supply our distributors and improve the company’s revenue performance.

“Dr. Gas, Inc. is not only a highly respected name in racing circles, but it is also a mature company with significant revenues and the machinery and manpower in place to deliver the necessary components to accelerate the availability of Aero’s products. We look forward to providing additional information related to Dr. Gas, Inc. in the near term, so that our shareholders begin to understand the tremendous upside potential of our latest strategic acquisition,” Hunsaker provided as conclusion.

For more updates and information on these three companies, please visit the following sites: http://www.drgas.com, www.aeroexhaust.com, http://www.franchisecapitalcorp.net.

Below is a brief profile of Aero Exhaust, as provided in the company’s press statement:

About Aero Exhaust: Aero Exhaust is a world leader in performance exhaust airflow technology, manufacturing and distributing the most technologically advanced muffler on the market. Its product lines are built to the highest industry standards and offer the consumer a lifetime warranty. Aero Exhaust has been issued U.S. and Australian patents on its innovations and development in the exhaust industry, and its mufflers are available worldwide through major retailers, mass merchant centers, automotive aftermarket supply stores and wholesalers. Aero Exhaust mufflers are an exclusive National Association for Stock Car Auto Racing (NASCAR) Performance product and carry the prestigious NASCAR brand on product, packaging and related media.

O’Reilly Automotive Releases Third Quarter Financial Report

Thursday, October 25th, 2007

O’Reilly Automotive, Inc., a leading retailer of Aftermarket Performance Parts and accessories in the United States, has announced its third quarter revenues that ended last September 30, 2007.

The resulted net income for said third quarter amounted to $53.1 million, which is a 10.9% increase from the $47.9 million net income of the same quarter period in 2006. Third quarter gross profit, on the other hand, totaled to $294 million, another relative increase as compared from last year’s $263 million. Sales for the said three months performed exceedingly well with a total of $662 million, wherein a 10.8% increase was achieved from last year’s sales of $597 million for the same period.

With regards to 2007’s first nine months, the company net income totaled to $153.4 million, an exceptional increase of 11.4% from the $137.7 million earnings for the same period of 2006. In terms of gross profit for the same period of January to September 2007, total results were worth $850 million, which is another increase rate worth 12.2% as compared to 2006’s nine-month profit of $758 million. Sales for said nine months was also a success, with a total equivalent of $1.92 billion, up by 11.2% from the $1.72 billion sales for the same period last year.

Greg Henslee, O’Reilly Automotive Co-President and Chief Executive Officer, is very satisfied with the company’s financial accomplishment: “We are very pleased with our strong performance in the third quarter as we continue to focus on building market share in both the professional and ‘do it yourself’ sides of our business. Team O’Reilly continues to offer the highest levels of customer service in our industry, which resulted in another quarter of record sales and profits, and we are looking forward to offering these services to customers in markets new to our Company as we continue our aggressive expansion.”

Ted Wise, the company’s Co-President and Chief Operating Officer, was also amenable for an interview. He has this to disclose: “We opened 43 new stores during the quarter bringing our net new store total to 134 for the year. Through the first three quarters our store openings were slightly behind our plan due to permitting and construction delays. However, we are confident that by the end of the fourth quarter we will meet our target of 190 new store openings for the year. Our dedication to providing the best service to the professional installer and do-it-yourself customer continues to be the first priority in our expansion efforts.”

For a more detailed presentation of the company’s financial reports, please visit:

http://www.tradingmarkets.com/.site/news/Stock%20News/734942/

Below is a brief company profile of Team O’Reilly, as provided in the press release statement:

O’Reilly Automotive, Inc. is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States, serving both the do-it-yourself and professional installer markets. Founded in 1957 by the O’Reilly family, the Company operated 1,774 stores in the states of Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Minnesota, Mississippi, Missouri, Montana, Nebraska, North Carolina, North Dakota, Ohio, Oklahoma, South Carolina, South Dakota, Tennessee, Texas, Virginia, Wisconsin and Wyoming as of September 30, 2007.

U.S. Auto Parts Network Welcomes Two

Wednesday, October 24th, 2007

U.S. Auto Parts Network, the leading online provider of Aftermarket Performance Parts and accessories, has announced two appointments for the company’s Board of Directors. New Directors are Josh Berman and Jeffrey Schwartz, with the former being the Co-founder and Chief Operating Officer of MySpace.com, while the latter stands as the former Chief Executive Officer of Autobytel.

Josh Berman is the co-founder and COO of the top online lifestyle portal, MySpace. Under Berman’s business savvy and insightful management, the said online site has achieved tremendous growth since its launch in the year 2004. Indeed, even if the portal has only began its operation in 2004, it is already home to approximately 115 million current active subscribers worldwide, with a modest average of 300,000 new subscribers signing up daily. Besides said venture, Berman also co-founded and previously managed two other thriving internet companies, namely ResponseBase and Xdrive Technologies. He served as the former Chief Operating Officer and Chief Financial Officer of Responsebase, while he was Chief Financial Officer and Senior Vice President for Xdrive. Also part of Berman’s impressive credentials was his stint as management consultant for PricewaterhouseCoopers, as well as the International Marketing Manager and Senior Financial Analyst for Twentieth Century Fox.

When asked for comment on his new endeavor, Berman has this to say: “As a leader in the online auto parts market, I believe U.S. Auto Parts has the technology, people, and resources to continue to drive growth in the industry as well as its market share. I look forward to working with the management team and the Board as we seek to achieve the Company’s strategic initiatives and capitalize on these opportunities.”

On the other hand, the other new appointee, Jeffrey Schwartz, also offers quite a successful and colorful professional background. Currently, Schwartz is serving as the CEO and Chairman of Vertical Passion Media, a successful marketing and media company centered on content and classified listings in the automotive category. Prior to that, he was with Autobytel from 2001 to 2006, evolving in numerous executive positions such as President, CEO, Director, and Vice Chairman. During Schwartz’ exemplary leadership, Autobytel has developed itself as a leading automotive marketing services company, even acquiring a staggering ten-fold increase in market capitalization. Before Autobytel, Schwartz also performed as CEO and Chairman for an automotive dealership group called AutoCentro, as CEO and President of Autoweb, and as Vice President of Corporate Affairs at The Walt Disney Company. Furthermore, among Schwartz’ various notable accomplishments is his prior position of director in the Internet Advertising Bureau, wherein he was duly awarded as the ‘Outstanding Public Company Executive’ by the American Electronics Association.

Schwartz, like Berman, is very pleased to be joining the team of U.S. Auto Parts: “I am excited to be joining the U.S. Auto Parts’ team at this exciting stage of the Company’s development. I believe U.S. Auto Parts is well-positioned to build upon its market leading position within the high-growth aftermarket auto parts and accessories category. I look forward to utilizing my background and experience to continue the achievements the existing management team and Board of Directors have made to date.”

For U.S. Auto Parts, the honor of having Berman and Schwartz is very apparent. Robert Majteles, Chairman of the Board, has this to say: “We are very fortunate to welcome Josh and Jeff to the Board of Directors. We are pleased with the level of talent we are attracting to our Board and believe it is indicative of the Company’s compelling business platform and significant future growth opportunities. Together with the recent addition of Barry Phelps, we believe we have completed the process of building a strong, public company Board of Directors and we look forward to serving our shareholders well.”

Shane Evangelist, newly appointed CEO, has also extended his warm welcome to the two new directors: “We believe Josh and Jeff bring to the Board several years of experience and proven track records with leading online marketing and automotive companies, making them valuable resources to the company. We look forward to having the expertise and guidance of these two senior executives benefiting U.S. Auto Parts as we prepare the Company for its next stage of growth.”

Team IMC Cycles for a Cause toward the 2007 AAPEX trade show

Tuesday, October 23rd, 2007

Team IMC is not only composed of employees from the The InterAmerican Motor Corporation (IMC), these particular IMC employees also share the same passion in the sport of cycling. That is why in the upcoming 2007 AAPEX trade show, the team IMC would be doing the customary cycling together towards the trade show destination, this time from Los Angeles to Las Vegas. This act, besides the common cause of showing camaraderie, is also meant to raise funds and awareness for certain issues that would greatly affect the automotive aftermarket industry. This year’s concern is all about the challenge and possible benefit that Telematics could provide to the aftermarket world.

For those not in the know, Telematics is the technological process wherein vehicles wirelessly communicate with their respective dealerships, which in turn allows said dealers to run remote diagnostic tests over the cars. In this way, the dealer gets to be well informed of the status of the vehicles, and could then earnestly alert the vehicle owners with regards to the substantial issues of their cars. The snowball effect for such a proactive service is that the dealer is then given the first opportunity to repair and remedy said issues, thereby refraining the need for an independent mechanic. Indeed, this not only bodes well for the improved dealership business, it is also a benefit for the car owner as car problems can be detected at the early stages, and thus prevent more serious complications.

Thomas Beer, IMC President and Chief Executive Officer, has this to say: “The original goal was to ride from Los Angeles to Las Vegas to attend the AAPEX show. But after some thinking we thought that our ride could have a positive impact on our industry. The enhanced goal, other than surviving the ride, is to raise funds to study and then develop strategies on how we as an industry will turn Telematics from a threat into an opportunity.”

The raised money from said event will be forwarded to an aftermarket industry association as funding for a study and consequent white paper on Telematics.

The Tour d’ AAPEX cycling cause is set to set off on the 25th of October in Los Angeles and end four days after in Las Vegas on the 28th of October. The ride is said to cover 366 miles. In relation to this, the group has announced that for people interested in learning more about the Tour d’ AAPEX and would like to contribute funds to be used for the Telematics study, the contact person to look for is David Pollack at (818)-678-1233. Another way to gather more information is to log onto the website, http://www.imcparts.net/misc/teamIMC.shtml

Provided below is an excerpt of IMC’s company profile, as provided in the press release:

About IMC: Founded in 1962, Interamerican Motor Corporation is a distributor and importer of European and Asian OEM, Aftermarket Performance Parts and other Aftermarket auto parts, as well as Domestic coverage for top moving models. Headquartered in Canoga Park, California, IMC operates branches nationwide. For more information go to http://www.imcparts.com/ . IMC is a member of the Automotive Aftermarket Industry Association (AAIA).

Aftersoft Group Releases 2007 Financials

Saturday, October 20th, 2007

Aftersoft Group, a successful supplier and distributor of numerous softwares and services to the automotive aftermarket industry, has just released the company’s financial results for its completed year on June 30, 2007. Aftersoft’s reported revenue amounted to $26.8 million, which is a 14 percent improvement when compared to the 2006 revenue of $23.5 million. In another aspect, the company has also reported a loss amounting to $1.6 million for the 2007 fiscal year, which took into account a couple of non-recurring factors totaling to $5.4 million. These factors included a $3.1 million reduction of good will and the $2.4 million worth of legal settlement endowed from the Auto Parts acquirement. Not including these non-recurring factors, Aftersoft would have supposedly generated a net income of about $3.8 million, $0.05 per diluted share.

Ian Warwick, Aftersoft Chairman and Chief Executive Officer, was amenable enough to comment on the company’s financial status: “We are pleased with our fiscal year 2007 results as we continued to tackle obstacles associated with our turnaround. We still managed to achieve an increase of $3.3 million or 14% in revenues when compared with the previous year’s $23.5 million, along with a $3 million or 8.3% increase in margin when compared to the previous year’s $12.7 million. With the McKenna lawsuit behind us and a more realistic valuation of our Goodwill, the company’s balance is strengthening and we are be able to concentrate on expanding into international markets and benefit from recent progress. In fact, with our new products now launched we plan to aggressively penetrate the large North American market, with a goal of achieving a market penetration similar to the one we have achieved in the UK.”

“Aftersoft has also improved operationally. Our gross margin improved to 59% from 54% in the previous fiscal year. Operating expenses, excluding the impairment of goodwill charge, actually decreased by 6% from the prior fiscal year. We intend to effect further improvements to our balance sheet going forward”

“The registration statement filed on form SB-2 several months ago remains under regulatory review. As soon as we have a definitive response on the registration statement will immediately inform investors. Aftersoft’s management is looking forward to this upcoming year with great anticipation. With many obstacles now behind us, we can focus our energies on delivering results for our shareholders,” Warwick commented as conclusion.

Below is a brief company profile of the Aftersoft Group, as provided in the company press release:

Aftersoft Group, Inc. is a supplier of ERP supply chain management solutions to automotive parts and Aftermarket Performance Parts manufacturers, distributors, and retailers. Aftersoft provides the automotive aftermarket with a combination of business management systems, information products, and online services that combine to deliver benefits for all parties involved in the timely repair of a vehicle. For further information, visit www.aftersoftgroup.com

Visteon Finalizes Sale of its Biggest UK Operation

Friday, October 19th, 2007

Visteon Corporation has announced that it has signed a Memorandum of Understanding to outline the status of discussions and understanding relative to the sale of the Swansea Facility, the company’s largest UK operation. The proposed sale to Linamar Corporation, an auto parts manufacturer based in Canada, is said to be subject still to particular third party agreements, corporate approvals, anti-trust clearance, and definitive documentation.

Donald J. Stebbins, Visteon President and Chief Operating Officer, further explains the company’s Swansea plans: “This transaction will represent another major step to achieve Visteon’s profit improvement plan, while continuing to strengthen our global engineering and manufacturing footprint. We are committed to working with our customers, employees, unions and Linamar to reach final agreements and bring the transaction to closure as quickly as possible.”

Specifically, the proposed transaction is said to indicate that Visteon will be relinquising the manufacturing facility, associated assets, contracts, and particular intellectual property rights. The existing manpower, 400 employees in total, would be transferred to the new owner as well.

Steve Gawne, Visteon Managing Director for the UK Operations, has this to say: “When finalized, this proposed transaction will provide a viable alternative to closure for the Swansea facility, while enabling Visteon to achieve its business objectives. The Swansea plant will be a strong strategic fit within Linamar’s expanding driveline division.”

This anticipated sale of the Swansea is considered as a significant milestone regarding Visteon’s prior plans of tackling non-core facilities, as well as improving its financial woes. Just recently, the company has disclosed that the company’s UK division lost more or less $110 million on revenues during 2006. As a result, Visteon has launched a three-year improvement plan in that same year, with a specific target of addressing and solving 30 non-strategic and underperfoming operations. In fact, the coming sale of Swansea is already the 20th measure implemented. Prior to Swansea, the company had already parted with its brake business, relocated unprofitable business to countries that are more cost competitive, and considerably reduced its workforce in the UK. To date, almost 60 percent of the company’s hourly production labor force has been transferred to lower cost countries, as compared to the 48 percent statistics of same situation in 2005. By 2009, Visteon is planning to increase the said existing 60 percent into a 75 percent, as it plans to shift more of its manufacturing and engineering employees in other cost competitive countries.

These restructuring measures are expected and estimated to generate annual savings of about $400 million.

Below is a brief profile of Visteon Corporation, as per the company’s press release:

Visteon Corporation:
Visteon Corporation is a leading global automotive supplier that designs, engineers and manufactures innovative climate, interior, electronic and lighting products for vehicle manufacturers, and also provides a range of Aftermarket Performance Parts and services to aftermarket customers. With corporate offices in Van Buren Township, Mich. (U.S.); Shanghai, China; and Kerpen, Germany; the company has facilities in 26 countries and employs approximately 43,000 people.

Delphi Expands its Aftermarket Offerings of Steering and Suspension Parts

Thursday, October 18th, 2007

Delphi is proud to announce that its line of aftermarket steering and suspension parts has been given an additional 414 new parts. To date, the company’s lineup has now accumulated to 3,050 part numbers. This is equivalent to a successful 95 percent coverage of the European auto parts, thereby solidifying Delphi’s hold as one of the most wide-ranging producer of Aftermarket Performance Parts and auto parts in the European market.

Ian Voce, Delphi Product & Service Solutions’ Global Business Line Director for Chassis Systems, remarks on this latest company development: “With this latest range extension and the results we have achieved so far, Delphi is positioned to achieve a leadership position for steering & suspension parts in Europe. Our entire chassis product line of safety critical components is tested to Delphi’s high standard of quality born from more than 100 years of rich OE heritage. In addition, we are proactively communicating this through a quality campaign targeted at distributors, garages and technicians.”

Products that are covered within Delphi’s range are track control arms, ball joints, link stabilizers, tie rods, wishbones, tie rod assemblies, and steering rack gaiters. On the other hand, cars that are now included in the range extension are the Ford Focus II, Skoda Octavia, BMW X3, Daewoo Nubira II, Chevrolet Lacetti, Kia Picanto, Kia Cerato, Kia Sorento, Peugeot 407, and Mercedes Viano.

In the power steering categories, Delphi’s range has been given an additional thirty new part numbers, resulting to a total amount of ninety units. The said parts, besides covering various Japanese and European applications, are Original Equipments and 100 percent fully tested, as well as equipped with hubs, pulleys, and reservoirs.

Full information and details of Delphi’s complete steering and suspension range can be obtained in the company’s new European steering catalogue. Consumers would find this manual quite helpful as all auto parts and kits are well backed with corresponding images and an updated cross-reference list to all other major European competitors.

For more information on Delphi and its complete offerings, visit www.delphi.com