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The Powertrain division will focus on manufacturing and selling OEM auto parts, while the Motor-Parts division will be responsible for selling aftermarket parts. Each company will have its own CEO and corporate-level staff, who will continue to report to the board of directors of Federal-Mogul Holding Corporation. The company expects the split ...
In 2007, the company's former gasoline engine and power train product lines, which is what the company had been most known for, were sold to Platinum Equity LLC, which does business as Tecumseh Power. Tecumseh engine products at one time were sold in over 120 countries. In December 2008, the company closed its engine manufacturing division. [12]
Standard Motor Products, Inc. (NYSE: SMP) is a manufacturer and distributor of automotive parts in the automotive aftermarket industry. The company was founded in 1919 as a partnership by Elias Fife and Ralph Van Allen and incorporated by Fife in 1926. It is headquartered in Long Island City, New York, and trades on the New York Stock Exchange.
Genuine Parts Company (GPC) is an American automotive and industrial parts distributor based in Atlanta, Georgia. [1] Established by brothers Carlyle and Malcolm Fraser in 1928, the company has approximately 60,000 employees. [ 2 ]
Delphi Technologies was an independent automotive company from 2017 to 2020, when it was acquired by BorgWarner Inc. As of 5 July 2023, BorgWarner completed the spin-off of Delphi Technologies, Delco Remy, and Hartridge to a separate publicly traded company, PHINIA.
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Mopar Parts magazine advertisement from 1954. The term was created by an internal activities council and was first used by Chrysler in 1937 as a product name to put on cans of Chrysler Motor Parts Antifreeze. [1] This new branded product became known as "MoPar antifreeze" a portmanteau of the terms "motor" and "parts". [2]
Brought by Karma Automotive LLC, it is alleged that its former vice president of sales and customer experience and the chief revenue officer formed their own company, Reimagined Automotive LLC, with the intent of stealing a joint venture project with DeLorean Motor Co. [24] According to the lawsuit, the former employees were tasked with ...