Valvoline has reached an agreement with Aramco to sell its global products business for $2.65 billion in cash, the company announced. “The sale of Global Products will represent the successful outcome of our strategy to unlock the full, long-term value of our strong but differentiated Retail Services and Global Products businesses,” said Sam Mitchell, Valvoline… Continue reading Valvoline Sells Products Business to Aramco
Category: News
News and updates from the automotive aftermarket: performance, restyling, hot rods, and customization.
IMSA Adds IMS Race for 2023
The race will be the first at the track for IMSA’s top series since 2014…
NHRA Adds A/Fuel Engine Program to Top Alcohol Funny Car
The category will see its first on-track action during the 2023 NHRA Lucas Oil Drag Racing Series season…
Meyer Distributing Adds Race Sport Lighting to Lineup
Meyer Distributing has added Race Sport Lighting, a manufacturer of LED and HID lighting technology that serves the 12-volt, truck accessory, powersports, motorcycle, marine and RV industries, to its line card, the distributor announced. “Our company is excited to partner with a great distributor like Meyer Distributing to fill the demands for our niche lighting… Continue reading Meyer Distributing Adds Race Sport Lighting to Lineup
MidwayPlus Partners with PRL Motorsports
PRL Motorsports, a company specializing in Honda and Acura performance-based products, has formed an exclusive online B2B partnership with MidwayPlus.com, the companies announced. “As a premium performance part manufacturer with 20-plus years in the business, we have found a great online partner with the MidwayPlus software platform. MidwayPlus has improved our order response times, allowing… Continue reading MidwayPlus Partners with PRL Motorsports
Senate Passes Package to Boost U.S. Computer Chip Production
The U.S. Senate has passed legislation to boost the country’s computer chip production, NBC News reported. The package earmarks more than $50 billion in subsidies for domestic semiconductor manufacturing and research and aims to help reduce supply chain issues and dependency on Taiwan, which currently manufactures 90% of the world’s computer chips. The bill also… Continue reading Senate Passes Package to Boost U.S. Computer Chip Production
Spotify Ends Production of ‘Car Thing’
Spotify has halted production of its Car Thing automotive dashboard accessory citing product demand and supply chain issues, The Verge reported. The short-lived Bluetooth device allowed users to stream and control Spotify without having to directly look at a phone while in a vehicle. Although Spotify will no longer produce the device, it will still… Continue reading Spotify Ends Production of ‘Car Thing’
Turn 14 Distribution Adds Weld Off-Road to Line Card
Performance parts distributor Turn 14 Distribution has added to its selection of Weld Racing products with the addition of Weld Off-Road to its line card, the company announced. “Turn 14 Distribution brought on Weld Racing in 2019, and we are now extending the product selection to include Weld Off-Road truck and UTV wheels. Weld Off-Road… Continue reading Turn 14 Distribution Adds Weld Off-Road to Line Card
GDP Declines as Recession Chances Grow
The U.S. economy contracted for the second straight quarter from April to June, hitting a widely accepted rule of thumb for a recession, the Bureau of Economic Analysis reported Thursday. Gross domestic product fell 0.9% during that period, following a 1.6% decline in the first quarter and was worse than the Dow Jones estimate for… Continue reading GDP Declines as Recession Chances Grow
YANG Fundraiser to Benefit AACF
The Young Auto Care Network Group (YANG), an Auto Care Association community of young industry professionals, is partnering with the Automotive Aftermarket Charitable Foundation (AACF) to raise support for the foundation through a nationwide TopGolf event, the organization announced. “In continuing its effort to provide support to members of the auto care industry, YANG is… Continue reading YANG Fundraiser to Benefit AACF
Porsche Expected to Enter F1 with Red Bull Racing
Porsche will enter Formula One in partnership with Red Bull Racing, according to a report from Motorsport. Details regarding the partnership emerged after a Moroccan regulatory agency was required to publish documents related to the deal, which will see the German manufacturer buy a 50% stake in Red Bull Technology, the parent company of the… Continue reading Porsche Expected to Enter F1 with Red Bull Racing
E.C.D. Introduces Special Edition Models
The Special Edition models will offer pre-selected specifications developed by E.C.D. designers and speed up production time by six months…
Quadratec to Host ‘Jeeps and Java’ in Ohio
Quadratec is hosting a “Jeeps and Java” car meet at Trail Quest in Plain City, Ohio, the company announced. Scheduled for July 31 from 9 a.m. to 12 p.m., the event will be open to all Jeep enthusiasts, and will feature coffee, donuts and raffle prizes. Quadratec’s team of Jeep experts will be on-site at the… Continue reading Quadratec to Host ‘Jeeps and Java’ in Ohio
Meyer Distributing Adds Outdoor Equipment to Product Lineup
Meyer Distributing is now offering a variety of hunting blinds and other outdoor equipment, the distributor announced. “With over 10 brand names and over 100 units in stock, we have what you need to get ready for the season,” said Nick Gramelspacher of Meyer Distributing. “[We have] big names in stock like Ardisam, Banks Outdoors,… Continue reading Meyer Distributing Adds Outdoor Equipment to Product Lineup
Chevy Offering Incentives to Corvette Z06 Buyers to Not Flip Cars
According to a report, the manufacturer will give $5000 worth of My Chevrolet Rewards points to program members who still own the car after one year…