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LKQ Corporation (“Like, Kind and Quality”) is an American provider of alternative and speciality parts to repair and accessorize automobiles and other vehicles. LKQ has operations in North America, Europe and Taiwan.
The company was founded by Sukhpal Singh Ahluwalia, when he opened a motor parts shop in Willesden, London in 1978. The business was originally established to supply parts for BMW, Mercedes-Benz, Porsche and Volkswagen vehicles. In October 2011, the company was sold to LKQ Corporation of Chicago, for £225 million. [2]
Rebuilt parts undergo an extensive re-manufacturing and testing process and must meet the same industry specifications for performance as new parts." In the UK, a market potential of up to 5.6 billion GBP has been identified in remanufacturing, with the benefits said to be improvement to business margins, revenues and security of supply. [ 4 ]
A transmission (also called a gearbox) is a mechanical device which uses a gear set—two or more gears working together—to change the speed, direction of rotation, or torque multiplication/reduction in a machine. [1] [2] Transmissions can have a single fixed-gear ratio, multiple distinct gear ratios, or continuously variable ratios. Variable ...
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