Latest Automotive industry Stories
CENTREVILLE, Va., Oct. 10, 2012 /PRNewswire/ -- Carfax issued the following statement regarding today's announcement by the National Highway Traffic and Safety Administration (NHTSA) on the use of counterfeit air bags: "This announcement underscores the importance of checking the history of used cars," said Larry Gamache, communications director at Carfax. "Air bags are one of most crucial parts of a car's safety system. We have created a...
Global Automakers Urges Impacted Consumers to Heed Warnings WASHINGTON, Oct. 10, 2012 /PRNewswire-USNewswire/ -- The Association of Global Automakers urges consumers to make sure that only original equipment replacement airbags are used when having a vehicle repaired after a collision. The National Highway Traffic Safety Administration (NHTSA) today issued a consumer alert warning of the dangers of counterfeit airbags, which may have been installed in the last three years by someone...
SOUTHFIELD, Mich., Oct. 9, 2012 /PRNewswire/ -- AIAG has joined forces with Industria Nacional de Autopartes (INA), the representative association for automotive suppliers in Mexico, to support and drive transformational initiatives in the lower-tier automotive supply base in the United States and Mexico through a special membership program, the not-for-profit, member-supported organization announced today. The MEX-US Supplier Power membership grants suppliers with less than $15...
NEW YORK, Oct. 5, 2012 /PRNewswire/ -- Lincoln International LLC ("Lincoln"), a leading global middle market investment bank, has announced that Century Plastics, Inc. ("CPI" or the "Company") has completed a transaction under which Autometal, S.A. ("Autometal"), a Brazilian publicly-traded subsidiary of the Spanish component group CIE Automotive, S.A. ("CIE"), has acquired a 65% shareholding in the Company. (Photo: http://photos.prnewswire.com/prnh/20121005/CG87535) CPI is a...
BARNSLEY, England, Oct. 4, 2012 /PRNewswire/ -- MAM Software Group, Inc. (OTC Bulletin Board: MAMS) and its subsidiaries, MAM Software Inc and Aftersoft Network NA, are pleased to announce their participation in the upcoming Automotive Aftermarket Industry Week (AAIW) in Las Vegas. Consisting of the SEMA and AAPEX Shows, the AAIW is the largest Aftermarket event in the world, with over 100,000 professionals descending upon Las Vegas every November. (Photo:...
LOS ANGELES, Oct. 3, 2012 /PRNewswire/ -- Motor Press Guild (MPG), the largest automotive media association in North America, announced today that it is seeking submissions for the highest accolade in automotive journalism, The Dean Batchelor Award, as well as MPG Best of Year Awards across several categories. The awards are presented at the Motor Press Guild's Dean Batchelor Award gala in December. This year marks the 17(th) anniversary of the award ceremony, designed to...
AUBURN HILLS, Mich., Oct. 3, 2012 /PRNewswire/ -- Faurecia employees at 45 production sites and technical and customer centers across North America donated 660,000 pounds of non-perishable items to local food banks as the company's annual food drive soared past its initial goal by 392 percent. Food collected throughout September as part of the FUELS (Faurecia Unites with Employees for Local Service) program, now in its third year, will provide nearly 730,000 meals to needy families...
SANTA MONICA, Calif., Oct. 2, 2012 /PRNewswire/ -- TrueCar.com, the authority on car pricing, trends and forecasts, estimated today that the average transaction price for light vehicles in the United States was $30,282 in September 2012, up $264 (0.9 percent) from September 2011 and up $8 (0.0 percent) from August 2012. (Logo: http://photos.prnewswire.com/prnh/20110118/LA31413LOGO) "Transaction prices in September are as stable as the sales rate, while still being the highest in...
LAKE SUCCESS, N.Y., Oct. 2, 2012 /PRNewswire/ -- DealerTrack (Nasdaq: TRAK) today announced the acquisition of ClickMotive LP, a leading provider of interactive marketing solutions for the automotive retailing industry. Total consideration for the transaction is expected to be $48.9 million in cash, subject to a standard purchase price adjustment and net of certain expenses. Additionally, the sellers will be eligible to receive additional consideration of up to $7.65 million,...
SCOTTSDALE, Ariz., Oct. 1, 2012 /PRNewswire/ -- Universal Technical Institute, Inc. (NYSE: UTI), a provider of technical education training, today announced it has completed a reduction in its workforce of approximately 50 employees nationwide. The headcount of UTI following these reductions is approximately 2,200 employees. "We made this difficult but necessary decision to better align our cost structure with our lower average student population," said Kim McWaters, chief...
