Archive for the ‘Aftermarket Performance Parts news’ Category

Eagle Eyes Performance Lighting Systems makes MotorWeb.com its Official Dealer

Thursday, January 10th, 2008

The leading online source of aftermarket performance parts and accessories, MotorWeb.com, has made a distribution agreement with the major producer of high-performance aftermarket lighting products, the Eagle Eyes Performance Lighting Systems. The contract made MotorWeb.com as the official dealer of Eagle Eyes Performance Lighting Products which consist of superior and reliable parts like plug and play projection headlights, light emitting diode tail lights as well as original equipment manufacturer replacement lights for a large number of domestic and import automobile brands.

Not just as the authorized dealer of performance parts, MotorWeb.com has recently made an expansion to the markets including in domestic automobile, sports utility vehicle, truck and diesel market.

The leading provider takes an encouraging note about the distribution partnership. According to the statement given by Charley Patterson, MotorWeb.com’s president, “We are very excited to offer this high-quality brand. The Eagle Eyes offering provides our customers a great mix of products that offer style and affordability in a beautiful package.

The Eagle Eyes Performance Lighting Systems offers better quality of performance lighting parts that come in a wide range of styles and also useful in a great number of applications. The company produces its DOT certified automotive lighting products in its manufacturing facility located in Yung-Kang City. More of Eagle Eyes array of products are offered on their site. Visit www.eagleeyes.com.tw for more details and other fine points about the company.

News via www.prweb.com.

Dorman Products is Vendor of the Year

Friday, December 14th, 2007

Dorman Products has duly announced today that it has been selected by the Aftermarket Auto Parts Alliance as its Vendor of the Year (Category II) at the recently concluded annual winter convention meeting held in Boca Raton, Florida. It is truly a prestigious recognition as the award was meticulously discussed and decided by the entire Alliance members. Present to give the award was Richard H. Morgan, President and Chief Executive Officer of the Alliance. Given the award’s value, it was accepted by none other than Richard H. Morgan, Dorman Products President, together with Jeffrey Darby (Vice President of Traditional Sales) AJ Alvarez (Director of Sales) and Dave Thomas (Central Region Manager).

For such an award, the criteria involve the company’s overall performance, field support, and revenue growth within the Alliance. Given the significant contributions of Dorman Products, Dorman is then considered and promptly recognized by the award as a successful and leading Vendor Partner to the Alliance board and various shareholders.

Steve Berman, Dorman representative is quite proud of the company’s said achievement: “We are thrilled as a company to have contributed to the Alliance’s sales growth this past year. The Alliance members have embraced many of our new product categories and we look forward to showcasing even more products and solutions in 2008. We would like to thank all the members who recognized us in 2007 and look forward to continued mutual success.”

Please find below the brief company profiles of the two partnering companies, as provided in the release statement:

The Alliance is a distribution group of member shareholders under the Auto Value/Bumper to Bumper banners representing 72 Warehouse Distributors throughout North America. They serve 2400 Auto Parts Stores and 2300 Certified Service Centers. The Alliance prides itself on responding to the individual automotive needs of each customer and providing proven, quality service.

Dorman Products, Inc. is a leading supplier of automotive aftermarket performace parts and home hardware to the automotive aftermarket and mass merchandise markets. For more information about Dorman, the company’s web site can be accessed at www.dormanproducts.com.

Webb Aftermarket forges partnership with TMD Friction

Thursday, December 13th, 2007

Webb Wheel Products, specifically its aftermarket business division, has entered into a strategic partnership with TMD Friction. The alliance states that Webb Wheel will be providing friction linings and brake drums in order to better serve the commercial automotive aftermarket parts industry.

Wolfgang Winzer, Webb Wheels President in the Aftermarket Business Unit, asserts the superior feasibility of such a pact: “Webb has always had a reputation for supplying quality brake drums to the industry. Being able to couple our products with linings from a global friction manufacturer with TMD’s experience will allow us to offer the end user the combination most likely to give him the best performance.”

Below are brief profiles of TMD Friction Group and Webb Wheel Products:

TMD Friction Group is one of the world’s leading manufacturers of brake friction materials in the original equipment market of the automotive and brake industry.

Webb Wheel Products is a Marmon Highway Technologies company that manufactures automotive tools and aftermarket performance parts, such as hubs, brake drums, and rotors for medium and heavy-duty trucks, trailers and buses.

Revenge Designs Teams Up with Harrop Performance Engineering

Wednesday, December 12th, 2007

Revenge Designs (operating at present within the company name Southern Cosmetic), a specialty automotive designer and manufacturer, has duly announced the company’s strategy for growth acceleration through an exclusive distributor alliance in the United States. As of now, Revenge Designs will be wholly distributing all of Harrop Engineering automotive products and technology within the United States territory. These products include superior aftermarket performance parts such as Harrop-branded superchargers normally used in NASCAR racecars. Aside from such an agreement, the company is also tasked to provide marketing aid and technical expertise to both consumers and retailers of Harrop engineering products.

Peter Collorafi, Revenge Designs Chief Executive Officer, is very optimistic about the partnership: “The quality and reliability of Harrop Engineering automotive technology and products are proven and legendary. This alliance is another important step in our continued quest to balance optimal performance products and services that will distinguish Revenge Designs in the marketplace.”

Meanwhile, Ron Harrop, Harrop Engineering’s Managing Director, also puts in the company’s views: “Revenge Designs is the most qualified and capable partner we have in the United States. Peter has been building and designing cars that incorporate our technology and products for over twenty years. With Revenge we are certain that our products are in the hands of people who understand great automotive and racing performance.”

Below is a brief company description of Harrop Engineering, as related from the company press statement:

Harrop is the official aftermarket manufacturer and distributor of the two most common positive displacement supercharger technologies available in the world today. These are the Roots type developed by Eaton in USA and the Twin Screw style designed by Lysholm in Sweden. Harrop Engineering exports its specialty racing parts to Europe, the United Kingdom and America, providing Formula 1 and racecar designers with quality, reliability and expertise. Another stellar division is Harrop Engineering’s performance brake kits that provide the highest value for money. Harrop Engineering’s manufacturing of original equipment brake assemblies, together with thirty-years of service in the motorsports industry, has culminated in a true performance orientated road solution. Using state-of-the-art, computerized equipment and CNC machinery, Harrop is striving to improve the accuracy and consistency of its manufacturing processes. Modern simulation tools produce virtual products prior to prototype validation and production builds, enhancing the integrity of the final product.

Expansion Plans for Bosch Automotive

Tuesday, December 11th, 2007

The Bosch Group is planning to get hold of Holger Christiansen A/S, a leading remanufacturer of aftermarket performance parts such as alternators and starters, as well as a known dealer of automotive electric spare parts.

To date, Holger Christiansen is currently in the possession of Hella KgaA Hueck & Company. In terms of financial capacity, Holger was able to acquire sales worth 112 million euros in the fiscal years 2006/2007. It currently employs about 900 associates at its four manufacturing sites and eight revenue locations. Whereas the manufacturing sites are in Germany, Denmark, Ukraine and Slovakia, the sales sites are located mostly in Europe and another one in the United States. When asked about the purchasing cost of the company, the parties have announced that it is a mutual decision to not divulge the negotiation price. And while the procurement transaction has already been finalized, the business deal is still said to be subject to the endorsement of the antitrust authorities.

Peter Tyroller, Bosch Group Board member in-charge of the OE Sales and Automotive Aftermarket Division, has this to say: “We want to further bolster Bosch’s position as the leading supplier of remanufactured auto parts for the automotive aftermarket. We especially want to strengthen the key area of starters and alternators. With this acquisition, Bosch is strengthening its position as a remanufacturer of starters and alternators, and is extending its product segment of automotive electrics spare parts for the automotive aftermarket. With these activities, Bosch takes also special account of its social responsibility for protecting the environment and conserving resources.”

Below is a brief profile on the Bosch Group as provided in the press release statement. For those interested for more details and information about the company, please visit: www.bosch.com.

The Bosch Group is a leading global supplier of technology and services. In the areas of automotive and industrial technology, consumer goods, and building technology, some 260,000 associates generated sales of 43.7 billion euros in fiscal 2006. The Bosch Group comprises Robert Bosch GmbH and its roughly 300 subsidiary and regional companies in over 50 countries. This worldwide development, manufacturing, and sales network is the foundation for further growth. Bosch spends more than three billion euros each year for research and development, and in 2006 applied for over 3,000 patents worldwide. The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and Electrical Engineering.”

The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant up-front investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH.

Motorcar Parts of America Declares New Accountant

Friday, December 7th, 2007

Motorcar Parts of America, the leading provider of Aftermarket Performance Parts specifically remanufactured automotive starters and alternators, has just announced that it has appointed Ernst & Young LLP as the company’s new and independent public accounting firm. Such an agreement took effect on December 4, 2007.

Selwyn Joffe, MPA Chairman, CEO, and President, has this to say: “We are pleased to have engaged Ernst & Young as our new public accounting firm and look forward to working with them in the future.”

Earlier, MPA was also in the news when it has announced the start of its participation on the NASDAQ Global Market under the stock symbol “MPAA.”

For this, Joffe was quoted as saying: “The listing of our securities on The NASDAQ Global Market is an important step in increasing our visibility in the market, improving the liquidity of our stock and expanding our shareholder base.”

Cited below is a brief profile of Motorcar Parts of America. However, for more details and information, please visit the following sites: www.motorcarparts.com and www.quality-built.com.

About MPA
Motorcar Parts of America, Inc. is a leading remanufacturer of replacement
alternators and starters for imported and domestic cars and light trucks in
the United States and Canada. MPA has facilities in the United States in
Torrance, California, and Nashville, Tennessee, as well as in Mexico,
Singapore and Malaysia.

Hella Receives Recognition from (PACE) Award program

Tuesday, December 4th, 2007

Hella KGaA Hueck & Co., successful supplier of automotive replacement tools and Aftermarket Performance Parts such as automotive lighting and electronic equipment, has been given honorable mention for its lane-change assistance technology in the recently concluded 2008 Automotive News Premier Automotive Suppliers’ Contribution to Excellence (PACE) Award program.

The said lane-change technology, one of Hella’s several driver-assistance mechanisms, has been designed to detect and recognize objects coming from a vehicle’s blind spots, as well as those objects not clearly visible in the rearview mirror. To be more specific, a yellow vertical lightstrip lights up on the vehicle’s sideview mirror whenever another vehicle enters its line of vision. At the same time, the vertical light strip would also flash in cases wherein the driver triggers the turn signal to indicate the intent to change lanes.

Dr. Martin Fischer, President of Hella Electronics Corporation, is very pleased with the award: “We are proud to be recognized and honored by Automotive News, the PACE Award community, and our fellow suppliers. Hella is constantly striving
to achieve innovative and advanced technology for our customers.”

Below are brief descriptions of the PACE awarding body and the Hella group, as provided in the press release statement. For more details and information, please visit: http://www.hella.com.

About the Automotive News PACE award:
The Automotive News PACE award recognizes supplier innovations, technological advancements and business performance in products, processes, information technology, materials and services for the manufacture of cars or trucks.

About Hella:
Hella, a global supplier, develops and manufactures components and systems for lighting and electronics for the automotive industry, including driver- assistance systems enhancing safety and comfort. In addition, its joint- venture companies produce complete vehicle modules, air-conditioning systems and vehicle-electric systems. Hella is also one of the world’s largest companies selling automotive aftermarket parts and accessories, with its own sales companies and partners in more than 100 countries. Annual sales for the Hella Group total $ 4.8 billion.

Hella is one of the 100 largest industrial companies in Germany. More than 25,000 people are employed in 70 production facilities, production subsidiaries and joint-venture companies. Nearly 3,000 Hella engineers and technicians work in research and development. Customers include all of the world’s leading automakers and system manufacturers, as well as the automotive aftermarket.

Wonder Auto Granted a Three-Year Contract by a Foreign Company

Tuesday, November 27th, 2007

A three-year supply contract was made between Wonder Auto Technology, Inc., China’s leading producer of automotive electrical and suspensions parts, and a foreign auto company. The contract specifies that Wonder Auto is projected to provide the Shanghai-registered global automotive parts procurement center about 800,000 automotive alternators. All of the supplied alternators will then be exported out of the country to a large-scale international automotive manufacturer. The three-year contract value is estimated to reach approximately $32 million with an approximate value of $11 million for each year.

According to Mr. Qingjie Zhao, the Chairman and CEO of Wonder Auto, “This contract marks one of the most exciting milestones yet in the current stage of Wonder Auto’s continuing growth. Our selection to supply this major global auto parts center is another indicator of our growing reputation for delivering high-quality, cost-effective products in large quantities. This new contract complements our recent agreement to supply the European aftermarket and the opening of our Detroit office as we position Wonder Auto as an emerging force in the global auto parts marketplace.”

Mr. Zhao concluded the statement saying, “With this large new customer and the other new and existing customers, we are optimistic that our anticipated sales in 2008 could exceed $140 million, with over $20 million in net income.”

Wonder Auto Technology, Inc. is based in the city of Jinzhou in Liaoning Province of China. The company has made its expertise and dedication in manufacturing, designing and development of automotive electrical and suspension parts. It also supplies industries for Aftermarket Performance Parts and other products. Wonder Auto ranked as the second biggest producer of alternator and starter in 2006 in the Chinese market.

To know more details about this news, visit money.cnn.com.

EDO Performance Absorbs with Zero/Sports Racing Products

Friday, November 16th, 2007

EDO Performance, successful distributor of automotive replacement tools and Aftermarket Performance Parts, is proud to announce that it has teamed up with Zero/Sports Racing Development. As it goes, EDO will now become the exclusive distributor and authorized installer of Zero/Sports products for North America.

For those unfamiliar with the brand, Zero/Sports is an engineering company that actually specializes on Subaru vehicles. Said company is the premier name in Aftermarket Performance Parts of Subaru vehicles in Japan. In fact, Zero/Sports was even given official Subaru part numbers due to the company’s outstanding products.

To date, EDO Performance will now be offering Zero/Sports products that include: cooling products, turbo kits, brake pads, stainless steel brake lines, exhaust systems, strut tower bars, performance suspension, and aero kits, just to name a few. For a more detailed list and other information, please visit the sites of both organizations:
www.edoperformance.com
www.zerosports.co.jp

Franchise Capital Corporation Releases November 2007 Edition of Investor Newsletter

Saturday, November 10th, 2007

Franchise Capital Corporation, a leading organization in Aftermarket Performance Parts, specifically in exhaust airflow technology as well as a known NASCAR Performance Collaborator, has announced the release of its investor newsletter for the period of October 2007. The said newssheet takes into account a detailed statement of Chief Executive Officer Bryan Hunsaker, from which he confers on various facets of the aftermarket supply industry, as well as the projected advantages of the company’s recent acquisition of Dr. Gas and Aero Exhaust, Inc.

As a backgrounder, Franchise Capital has newly entered into an agreement to obtain 100% of the Dr. Gas’ common stock, thus enabling Franchise Capital to fully utilize Dr. Gas’ design, manufacturing, and engineering abilities in order to boost the availability of Aero Exhaust products.

In his welcoming message to shareholders, Bryan Hunsaker affirms, “The recent announcement of a merger between Dr. Gas and Franchise Capital Corporation is a key step of our roll-up strategy. By merging Dr. Gas with Aero Exhaust, we accomplish several important goals, including: 1) Dr. Gas can immediately start producing Aero Exhaust product allowing us to ramp up our sales and become more competitive in the marketplace; 2) we can immediately start applying our sales and marketing skills to the Dr. Gas Product line; 3) we can apply our operational background to Dr. Gas to help them achieve manufacturing efficiencies; and 4) through our access to public capital, Dr. Gas will have the ability to invest in more capacity and infrastructure to better serve our growing client base.”

Moreover, Hunsaker attends to other particular aspects of the industry of aftermarket supply: “We have charted a course and are committed to building a company that will be a long-term, significant player in the automotive aftermarket supply industry. The automotive aftermarket is a fragmented market, with numerous automotive enthusiasts that have innovative products and ideas but lack the size to effectively market and distribute products. The major distribution channels within the automotive aftermarket prefer vendors who can supply a wide array of products to leverage buying power and simplify the supply chain. Since these two dynamics are divergent, our strategy is to establish our company as a recognizable brand that can supply our distribution partners with a comprehensive line of innovative products. Our approach is to leverage our existing strengths and assets and to combine our strengths with others in the market through a roll-up of companies in the early to mid stages of growth that provide varying assets to the company. Much like the manufacturing, product and R&D assets of Dr. Gas, we are looking for others with varying distribution channels, complimentary products and effective sales assets.”

“From a revenue perspective, it is important to realize that the exhaust market is a cyclical market with the more robust sales numbers in early to mid spring and early summer. This plays very well into our plans to facilitate increased manufacturing of Aero’s products so we can supply our distribution partners. We are working to capture as much of the early 2008 growth as possible and carry that momentum throughout the year. We look forward to showing the initial results of our ongoing efforts in the first and second calendar quarters of 2008.”

Hunsaker then concludes his “CEO Greeting” by affirming: “We have not taken a short-term view, and we believe that we are building a company that will be a long-term, significant player in the automotive supply industry. We are optimistic about the growth that is ahead for the company and are excited to see the benefit of that growth come to those shareholders that are genuinely interested in the future of Aero Exhaust, Dr. Gas and other companies that are included in our roll-up strategy.”

In addition to the abovementioned subject, this October newsletter also provides a review of the events and press releases given by Franchise Capital throughout the previous month.

To get ahold of a detailed and complete copy of such document, the newsletter’s PDF version is posted in the archive section of the company website, http://www.franchisecapitalcorp.net, under the “Newsletters” tab. Similarly, an announcement has already been disseminated through the Franchise Capital’s website mailing list.