The automotive parts industry has been rocked by a Comcast – TWC type merger that will shift the landscape of the largest auto parts makers in the world. ZF Friedrichshafen AG, a German company based in Friedrichsafen, completed the purchase of the American auto part manufacturer TRW Automotive Holding Corporation several weeks ago for $11.7 billion plus debt. TRW, whose biggest customer is Volkwagen AFG, reported annual sales of 17.4 billion in 2013. ZF, who previously held the #9 spot on the largest auto parts makers list, will make the jump to number 2 with this deal. The deal was a highly needed move for ZF as they were feeling the pressure of much more competitive prices from bigger companies such as Denso, Bosch, and Continental.
Denso, known internationally for quality automotive air conditioning parts, has been at BuyAutoParts.com headquarters for the past four days providing our employees with a valuable four hour automotive air conditioning course. Brett Glover, the Denso representative leading the four hour class stated: “This class will provide you with all the information you need to know about anything related to automotive a/c systems”.
Last weekend a couple of our BuyAutoParts.com representatives attended the Association of Diesel Specialists (ADS) International Convention and Trade show to check out the newest releases in diesel technology. The trade show had exhibitors from all of our favorite brands – Bosch, Denso, Cummins, Delphi, Garrett and other big names in the diesel industry.
The most notable part of the convention was our exclusive sneak peak at the new 2014 Chevrolet Cruze Diesel.