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The automotive aftermarket is the secondary parts market of the automotive industry, concerned with the manufacturing, remanufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, equipment, and accessories, after the sale of the automobile by the original equipment manufacturer (OEM) to the consumer.
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.
The Certified Automotive Parts Association (CAPA) is a non-profit certification organization established in 1987 to develop and oversee a testing program for aftermarket automotive parts. [1] CAPA was created by automobile insurance companies. It was created to control the market on parts used by insurance company contracted collision shops.
In 2008, 3M created the Renewable Energy Division within 3M's Industrial and Transportation Business to focus on Energy Generation and Energy Management. [ 87 ] [ 88 ] In late 2010, the state of Minnesota sued 3M for $5 billion in punitive damages, claiming they released PFCs —classified a toxic chemical by the EPA—into local waterways. [ 89 ]
The German magazine Automobil Industrie publishes a yearly list of the largest automotive suppliers in the world by revenue. [1] For companies that are not pure automotive suppliers, only the automotive supplier divisions are taken into account.
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The Auto Care Association is a not-for-profit trade association based in Bethesda, Maryland.Auto Care Association's nearly 3,000 members and affiliate companies, represent approximately 150,000 businesses that manufacture, distribute, sell and install motor vehicle parts, accessories, tools, equipment, materials, supplies, and services.
3M announced that it would freeze pensions for non-unionized employees and shift to a 401(k) retirement plan in 2028. ... United Auto Workers were unable to succeed in pushing for the return of a ...