Report: Falken Ending North American Motorsports Programs

Falken Tires is ending its North American motorsports programs, according to a new report from Tire Business. Falken, a subsidiary of Sumitomo Rubber Industries, will no longer participate in Formula DRIFT or the Amsoil Championship Off-Road series beginning in 2023, the report said. However, the company told Tire Business that it will continue some support… Continue reading Report: Falken Ending North American Motorsports Programs

Car Repossessions on the Rise

A growing number of consumers are falling behind on their car payments thanks to rising car prices and an extended period of inflation, according to a new report from NBC. Following a decline at the start of the pandemic, repossessions are again on the rise as the number of people behind on their car payments… Continue reading Car Repossessions on the Rise

Legendary Companies Acquires Zip Products

Legendary Companies has acquired Zip Products, a Virginia-based Corvette parts manufacturer and supplier, the company announced. The acquisition expands Legendary Companies’ Corvette-focused product offering, and together with Coker Tire, Paragon Corvette and Corvette Central, the acquisition of Zip represents the fourth family-owned business to be added to Legendary Companies’ portfolio of brands since partnering with… Continue reading Legendary Companies Acquires Zip Products

New Morton Street Partners Exhibit Highlights Dune Buggy History

Meyers Manx partnered with the New York City exhibit space to examine the aesthetic appeal and cultural significance of the dune buggy…

Atturo Tire Names New Regional Sales Director

Atturo Tire Corp. has named Jeremy Wurst as its new northeast sales director, the company announced. Wurst, who has 15 years of industry experience, will service Pennsylvania, Maryland, Delaware, New Jersey, Connecticut, Rhode Island, New York, Massachusetts, New Hampshire, Vermont and Maine, the company said, and will be served via Atturo’s warehouse in Latrobe, Pennsylvania.… Continue reading Atturo Tire Names New Regional Sales Director

IIHS Updates Longest-Running Crash Test to Address Rear Passenger Safety

The Insurance Institute for Highway Safety (IIHS) is updating its longest-running crash test, the moderate overlap front evaluation, to address a growing gap in the protection provided for front and rear occupants, the organization announced. In the first tests, only two out of 15 small SUVs, the Ford Escape and Volvo XC40, protect the rear… Continue reading IIHS Updates Longest-Running Crash Test to Address Rear Passenger Safety

Sony Car Audio Names Build Contest Finalists

Sony Car Audio has named the finalists for its recent Sony Mobile ES build contest, according to Mobile Electronics. Contestants were tasked with building a Sony Mobile ES demo vehicle that highlights, Sony Mobile ES and demonstrates how the shop will use the vehicle as a sales tool, Mobile Electronics said. The finalists are: Absolute… Continue reading Sony Car Audio Names Build Contest Finalists

OEM Confidence in EV Adoption Falls

Auto execs are concerned that inflation and rising interest rates will impact consumer adoption of electric vehicles…

SEMA Seeking Speakers for 2023 Education Program

Topics of focus for the 2023 SEMA Show and SEMA’s year-round virtual education program include sales and marketing, vehicle technology, electric vehicles, small-business strategy and more…

Peak BlueDEF Now Available from Meyer Distributing

Meyer Distributing is now an official supplier of Peak BlueDEF Diesel Exhaust Fluid (DEF), the distributor announced. DEF is a mixture of high purity synthetic urea and deionized water that is used in Selective Catalytic Reduction (SCR) systems in diesel vehicles. DEF is not a fuel or fuel additive. It’s injected into the exhaust stream… Continue reading Peak BlueDEF Now Available from Meyer Distributing

Wes Wise Joins AACF Board

Wes Wise, vice president of professional sales for O’Reilly Auto Parts, has been elected to the Automotive Aftermarket Charitable Foundation (AACF) Board of Trustees, the organization announced. Wise joined O’Reilly in 1991 as a Merchandising Specialist at store 4039-Springfield, Missour. He held many different management positions within the organization, and after completing his master’s degree,… Continue reading Wes Wise Joins AACF Board

Magna Acquires Veoneer Active Safety Business

Magna International has entered into an agreement with Veoneer to acquire Veoneer’s Active Safety business from SSW Partners, a New York based investment partnership, for $1.525 billion in cash, subject to working capital and other customary purchase price adjustments, the companies announced. Combining Veoneer’s Active Safety competence and product portfolio with Magna’s Advanced Driver Assistance… Continue reading Magna Acquires Veoneer Active Safety Business

Stellantis Previews CES 2023 Exhibit

In addition to a keynote address from CEO Carlos Tavares, Stellantis will reveal the all-new Ram 1500 Revolution BEV concept and highlight the Jeep 4xe, Charger Daytona SRT BEV and more…

Turn 14 Distribution Adds Vossen Wheels to Line Card

Performance parts distributor Turn 14 Distribution has added Vossen Wheels to its line card, the company announced. “Vossen Wheels is a premium wheel brand that has a large customer base in the luxury and performance automotive markets. Vossen Wheels are dedicated to its vision of designing innovative styles, aspiring to provide the utmost excellence in… Continue reading Turn 14 Distribution Adds Vossen Wheels to Line Card

Report: New Car Payments Hit Record High

New car monthly payments hit a record high last month according to a new report from Kelley Blue Book. The average new car buyer signed up for a monthly payment of $762 last month, the report said, driven by high prices and interest rates. The report also found that the average new car sold for… Continue reading Report: New Car Payments Hit Record High