NAM Monday Economic Report: Federal Reserve Gets More Patient Amid Continued Growth
February 4, 2019
The Weekly Toplines   Continued growth at a slower rate is a key theme emanating from different business surveys. The Chicago Fed National Activity Index, an aggregate of 85 national... READ MORE
China Vows to Buy More U.S. Goods, Sees Progress in Trade Talks
February 1, 2019
MEMA Industry News Editor’s Note: In its statement on Dec. 3 regarding the trade negotiations with China, MEMA calls for an agreement that will allow U.S. companies to remain competitive in a global... READ MORE
Economic Growth Ahead at Trend Level, Says Economist at Aftermarket Event
February 1, 2019
If Bill Strauss, senior economist and economic advisor at Federal Reserve Bank of Chicago, is correct, the U.S. economy will keep expanding the next couple of years, albeit at a more-typical pace.... READ MORE
Genuine Parts Company Announces New Executive Officer
February 1, 2019
ATLANTA -- Genuine Parts Company announced today that Scott A. Sonnemaker has joined the company as group president, North American Automotive. In this key role, created to further the company’s... READ MORE
Average New-Car Prices Up More Than 4%: Kelley Blue Book
February 1, 2019
IRVINE, Calif. -- The analysts at Kelley Blue Book today reported the estimated average transaction price for a light vehicle in the United States was $37,149 in January 2019. New-vehicle prices... READ MORE
Plant Expansion Strengthens BorgWarner’s Presence in India and Southeast Asia
February 1, 2019
BorgWarner recently celebrated the opening of its expanded facility in Kakkalur, India. With its leading-edge production line for advanced engine timing and variable cam timing (VCT) systems, the... READ MORE
Nexteer Expands Global Business Operations in India
February 1, 2019
AUBURN HILLS, Mich. -- Nexteer Automotive is expanding its global operations with two new facilities in southern India: a new software center in Bengaluru to support growing demand for software-... READ MORE
Uber Freight Launches Ratings for Cargo Facilities
February 1, 2019
Uber Technologies Inc. is rolling out a ratings feature for cargo pickup and drop-off facilities through its freight-booking app that truckers can use to help decide which shipments they want to... READ MORE
U.S. Job Growth Surges; Unemployment Rate Rises to 4.0%
February 1, 2019
WASHINGTON -- U.S. job growth surged in January, with employers hiring the most workers in 11 months, pointing to underlying strength in the economy despite a darkening outlook that has left the... READ MORE
MEMA Joins with Business Groups in Supporting Legislation Limiting Some Presidential Tariff Powers
January 31, 2019
MEMA has joined 29 other business organizations calling for Congress to support legislation that would place new limits on presidential authority to impose tariffs for national security reasons.... READ MORE
China Slowdown Causes Recoils in Growth Around the Globe
January 31, 2019
China’s slowing economy is sending shock waves through its trading partners around the world.   Beijing’s struggle with domestic weaknesses, including a huge debt buildup, overinvestment and... READ MORE
GM Halts Work at 13 Michigan Plants Amid Cold Snap Emergency
January 31, 2019
DETROIT -- General Motors halted production the night of Jan. 30 at 13 Michigan manufacturing plants due to a fire involving equipment of a local utility company that is reducing the availability of... READ MORE
E-Commerce, Electric Trucks, Telematics Transforming the Truck Parts Aftermarket
January 31, 2019
The repair and upkeep of Class 6-8 trucks and trailers is being transformed by many of the same factors that are transforming the business of moving freight. Suppliers and manufacturers face forces... READ MORE
Greenlots Announces Acquisition by Shell, One of the World’s Leading Energy Providers
January 31, 2019
LOS ANGELES -- Greenlots, a US-based leader in electric vehicle (EV) charging and energy management software and solutions, announced it has signed an agreement to become a wholly owned subsidiary of... READ MORE
VW Revives American Beach Buggy as EV Concept for Geneva
January 31, 2019
FRANKFURT -- Volkswagen aims to spur interest in its upcoming lineup of mass-market full-electric cars with a modern version of an American beach buggy from the 1960s.   VW will unveil the I.D... READ MORE
British Car Industry Warns Against No-Deal Brexit as Investment Slumps
January 31, 2019
LONDON -- Investment in the British car industry halved last year due largely to uncertainty about future trade with the EU and surveys showed consumers and businesses were more anxious about the... READ MORE
Automotive Parts Headquarters Presents Outstanding Supplier Awards
January 31, 2019
Automotive Parts Headquarters Inc. (APH), a Minnesota-based aftermarket auto parts distributor and store group, recognized outstanding supplier achievements from 2018 with all of its storeowners,... READ MORE
U.S., China Launch High Level Trade Talks Amid Deep Differences
January 30, 2019
MEMA Industry News Editor’s Note: In its statement on Dec. 3 regarding the trade negotiations with China, MEMA calls for an agreement that will allow U.S. companies to remain competitive in a global... READ MORE
Challenging (Not Necessarily Bad) Year Predicted for Trucking Activity
January 30, 2019
The economic activity affecting trucking could see a challenging year, according to Bob Dieli, president and founder of RDLB Inc., an economic research and management consulting firm, speaking at the... READ MORE