Archive for the ‘Aftermarket Performance Parts news’ Category

Nissan Boasts Quality Performance Parts and Vehicles at the 2007 SEMA Show

Monday, November 5th, 2007

Nissan’s presence at the 2007 Specialty Equipment Market Association (SEMA) Show in Las Vegas marks the Japanese automakers’ ninth year of participation and celebration of its performance vehicles. For this year, Nissan is proud to exhibit a lineup of vehicles meticulously built by its aftermarket vehicle suppliers and customizers. These include three 350Z sports cars, two custom-made 2008 Nissan Altima Coupes, two Titan trucks, and two Sentra sedans. Furthermore, a special Xterra SUV is also included, and from which the creators are Nissan’s own engineering division. These ten vehicles have been on display last October 30 to November 2 at the Nissan SEMA booth.

Bill Bosely, Nissan Vice President and General Manager, is confident that the company offerings in SEMA would have a positive impact to the program guests: “Nissan is thrilled to be at the 2007 SEMA show with a full array of vehicles, from our 350Z sports car to our full-size Titan trucks, which once again proves that Nissan vehicles are the premier foundations for creative expression by their owners. What I’m most excited about is how SEMA offers Nissan and its customers a glimpse to the over-the-edge performance potential of the all-new 2008 Altima Coupe, just like our partners did last year with Versa.”

NISMO, Nissan’s leading supplier of superior Aftermarket Performance Parts and accessories for its vehicles will also exhibit several NISMO high-performing components, accessories and apparel.

For a more detailed list and description of all the Nissan goods in the Sema Show, visit the following website:
http://www.theautochannel.com/news/2007/10/30/069105.html

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/

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.

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

U.S. AutoParts Welcomes Shane Evangelist as New CEO

Wednesday, October 17th, 2007

U.S Auto Parts Network, the leading online provider of aftermarket auto parts, Aftermarket Performance Parts, and accessories, has duly announced that Mr. Shane Evangelist has been appointed as the company’s new Chief Executive Officer. Evangelist would be succeeding Mr. Mehran Nia, the company’s President and Chief Executive Officer for since the foundation of U.S. Auto Parts way back in 1995. While Nia has already relinquished his chief post, he would still be part of the company with his continuing efforts and participation on the Board of Directors.

If his credentials are to be examined, Evangelist seems to be the ideal successor for Nia. Prior to his appointment as new head for U.S. Auto Parts, Evangelist was General Manager and Senior Vice President of Blockbuster Online. In said company, Evangelist was given the crucial responsibility of leading the creation, launch, and development of the company’s successful online movie rental service. Indeed, Evangelist’s sound business skills, Blockbuster enjoyed tremendous market growth. In fact, according to Internet Retailer, Blockbuster Online was the fastest growing Top 100 e-commerce business in the year 2005, and again as the fastest growing Top 100 e-commerce business in the year 2006. Just this first half of 2007, Blockbuster Online was able to attract 3.6 million subscribers, attained over 75% of the new DVD subscription market, and was able to present over 120% year-over-year sales growth.

Furthermore, Evangelist also served as Vice President of Strategic Planning with leading responsibilities on mergers and acquisitions, strategy development, capital deployment, and marketing.

Robert J. Majteles, U.S Auto Parts Chairman of the Board, warmly welcomes Evangelist: “We are excited to have Shane join U.S. Auto Parts. Shane has built a terrific e-commerce track record in an extremely competitive environment and has a wide ranging background in finance, strategic planning, marketing and management. We believe that Shane is ideally suited to lead U.S. Auto Parts in our next phase of growth as we continue our rapid expansion and further establish U.S. Auto Parts as the leader in the online auto parts market.”

“Since founding U.S. Auto Parts in 1995, Mehran has taken the company through a period of significant and rapid growth and established U.S. Auto Parts as a leading online provider of aftermarket auto parts and accessories. Mehran has been a tremendous leader for U.S. Auto Parts, and we are fortunate to be in the position to continue to build upon the great strengths Mehran created for us. On behalf of our Board of Directors, shareholders, and all the employees of U.S. Auto Parts, we would like to thank Mehran for his vision and leadership over the years.”

In answer, the new CEO of U.S. Auto Parts Shane Evangelist, has this to say: “As a pioneer in the online auto parts market, U.S. Auto Parts is poised to drive a greater share of the $94 billion aftermarket auto parts market online. I am excited about joining U.S. Auto Parts at this time of great opportunity and believe the company is uniquely positioned to lead this growing online industry.”

Mehran Nia, exiting Chief, is quite pleased with his successor: “Shane is an experienced and energetic e-commerce leader, and I anticipate that he will guide the Company to an even brighter future. I will be working with Shane on a smooth transition and believe that, under his direction, our Company will continue to find innovative ways to increase its competitive positioning and capture market share.”

TRW Automotive Aftermarket and ArvinMeritor Announce Joint Venture

Tuesday, October 16th, 2007

TRW Automotive Aftermarket, a successful division of TRW Automotive Holdings Corporation, has promptly announced that it has formed a partnership with ArvinMeritor. The joint venture would involve the distribution of Gabriel and TRW brands of shock absorbers for the European independent aftermarket community, and for which the operation and actual distribution is slated to begin by January of next year.

Francois Augnet, TRW Automotive Aftermarket Vice President in the European and Asia Pacific Territories, has been quite receptive to explain the company’s goals for such an alliance: “Shock absorbers are an integral element of our core chassis portfolio. We already offer a comprehensive TRW branded range to our European customers and are committed to enhancing it with the Gabriel programme to maintain and develop our leading chassis position in the European aftermarket.”

“By combining the strengths of ArvinMeritor’s engineering and manufacturing competencies and the Gabriel brand name with TRW’s extensive sales and distribution network we are confident that we can roll out successful shock absorber programmes for the European independent aftermarket.”

As with the term ‘joint venture’, TRW Automotive and ArvinMeritor will jointly manage the sales, marketing, and distribution divisions of the TRW and Gabriel aftermarket programmes. As with the two company’s working plans, there is the objective that this joint partnership would flourishingly permeate all throughout Eastern, Western, and Central Europe.

Marlen Silverii, ArvinMeritor General Manager for the Global Ride Control Aftermarket Division, has this to say: “This is a great example of how both partners can share in the investment, as well as reap the benefits. The Gabriel aftermarket product line is technically very strong, and when partnered with TRW’s growing aftermarket presence, it will offer our aftermarket customers a strong chassis alternative.”

As a backgrounder relative to the two companies concerned, hereunder are brief company profiles as part of the press release statements. For additional details and information, please visit the sites also indicated below:

About TRW
TRW Automotive Aftermarket is a leading provider of high quality replacement parts, Aftermarket Performance Parts, service, diagnostics and technical support to both the independent aftermarket (IAM) and the vehicle manufacturer service (VMS) channels.

With 2006 sales of $13.1 billion, TRW Automotive ranks among the world’s leading automotive suppliers. Headquartered in Livonia, Michigan, USA, the Company, through its subsidiaries, operates in 28 countries and employs approximately 63,800 people worldwide. TRW Automotive products include integrated vehicle control and driver assist systems, braking systems, steering systems, suspension systems, occupant safety systems (seat belts and airbags), electronics, engine components, fastening systems and aftermarket replacement parts and services. TRW Automotive news is available on the Internet at http://www.trwauto.com/.

About ArvinMeritor
ArvinMeritor, Inc. is a premier global supplier of a broad range of integrated systems, modules and components to the motor vehicle industry. The company serves light vehicle, commercial truck, trailer and specialty original equipment manufacturers and certain aftermarkets.

Headquartered in Troy, Mich., ArvinMeritor employs approximately 19,000 people in 25 countries. ArvinMeritor common stock is traded on the New York Stock Exchange under the ticker symbol ARM. For more information, visit the company’s Web site at http://www.arvinmeritor.com.