Andy Hamilton, currently chief executive officer of LKQ UK & Ireland, is to become senior vice president of LKQ as well as president and executive managing director of LKQ Europe from 1 January 2024. The news follows the announcement last week that Justin Jude was to succeed Dominick Zarcone as president and CEO of LKQ Corporation on 1 July 2024.
On 3 August, LKQ Corporation (LKQ) and Uni-Select Inc confirmed that the previously-announced acquisition of Uni-Select by 9485‑4692 Québec Inc, which is a wholly-owned subsidiary of LKQ, officially completed on 1 August 2023. This follows a complex and ongoing monopoly-related investigation by UK authorities.
Philipp Grosse Kleimann is to be the new Head of the Aftermarket business unit and a Member of the Mahle Management Committee from 1 August 2023. In this function, he will report directly to the CEO, Arnd Franz. “Philipp has many years’ of management experience in the automotive and mobility sector, a profound knowledge of the service and workshop business and an entrepreneurial mindset,” comments Arnd Franz, Chairman of the Mahle Management Board and CEO.
LKQ Corporation, the parent company of LKQ Euro Car Parts, is seeking to divest GSF Car Parts (GSF) following its acquisition of the factor’s Canadian owner, Uni-Select. With the transaction subject to the receipt of anti-trust clearance in the UK, LKQ Corporation made the offer as part of its application for the UK competition authority’s approval. In the interim, LKQ Corporation will not be involved in the day-to-day running of the GSF business with the existing management team remaining in place and the organisation ringfenced from LKQ. LKQ announced its plan to acquire Uni-Select for around US$2.1 billion on 27 February.
Automotive component distributor Magneti Marelli Parts and Services has joined as the latest addition to the Independent Automotive Aftermarket Federation (IAAF) membership. The trade body’s service membership has continued to grow throughout the year and the latest expansion sees the Italian company, with its strong heritage in the automotive industry, joining to support the Federation’s lobbying initiatives and industry networking events.
Halfords Autocentres’ recent expansion into the top-table of tyre retail is indicative of a wider move towards mechanical work in tyre-orientated garages. Now, many fast fits generate somewhere around 50 per cent of their income from non-tyre business.
According to the latest SMMT data, the UK aftermarket turns over an annual £21.1 billion – making it the ninth largest in the world. And what’s more there are said to be north of 40,000 points of sale in the UK, which means the wider tyre business’s recent shift towards more mechanical work means that aftermarket space is as competitive as ever. Still, the ongoing outlook is good and the aforementioned growth figures are increasing at the same rate as the UK’s growing car parc. As a result, SMMT projections suggest the UK aftermarket sector’s value is set to rise to £28 billion by 2022.
A swap and a new addition – that’s how the changes amongst the top 10 largest automotive suppliers by turnover worldwide can be summed up. Places one to five stayed the same as last year. That means: Bosch leads the top 10, followed by Denso, Continental, ZF Friedrichshafen and Magna. Behind them, Hyundai Mobis, now sixth, and Aisin, now seventh, have swapped places compared to the ranking published last year, before Michelin and Bridgestone follow unchanged in eighth and ninth place respectively.
Akebono Brake Industry Co., Ltd., the well-known Japanese brake manufacturer, has admitted “inappropriate conduct” relating to periodic inspection reports destined for Original Equipment Manufacturers (OEMs) dating back to January 2001.
Brembo is to supply brake calipers and discs for the new Polestar 2. Specifically, Brembo is to produce the two-piece four-piston aluminium front calipers and Brembo’s exclusive dual-cast floating brake disc for the Polestar 2.
British aftermarket parts brand, Comline, has reaffirmed its commitment to copper-free braking with the announcement of an Automotive Aftermarket Suppliers Association (AASA) ‘N’ rating. This rating confirms Comline brake pads as containing less than 0.5 per cent of copper by weight and permits the brand to use the AASA LeafMark ‘N’ icon in promoting its comprehensive range of all makes brake pads.
Following the launch of its One Box start-stop battery testing and installation solution at Automechanika Birmingham last June, Ecobat Battery Technologies (Ecobat), has further developed its offering with the release of a free start-stop battery training, assessment and certification.
Britishvolt has shortlisted Bro Tathan in South Wales and one other site for the UK’s first 30 plus GWh Gigafactory. Britishvolt eliminated 40 other proposals in the process. When the project is finalised, the company says the initial wave of £1.2 billion of investment into the site will eventually lead to around 3,500 jobs.