Assemblers step up fight vs used auto importations (Manila Bulletin)

Assemblers step up fight vs used auto importations (Manila Bulletin)
Allowing the entry of imported used motor vehicles into the country will upset existing automotive investors as well as discourage the entry of additional investments into the country, local automotive assemblers and industry stakeholders yesterday warned.

Globes [online] - How do you become a billionaire? Carefully (Globes Online)
Mort Mandel sold auto parts and barely made a living until he came up with a brilliant idea: sell people parts they don t have. Sounds simple? Indeed it is. Perseverance and adherence to 10 key rules made Mandel rich.

Financier plans auto parts giant (Detroit Free Press)
A New York investment mogul has launched a bold plan to create the world's largest auto supply company -- and make him one of the most influential figures in the industry. Wilbur L. Ross Jr., a financier famous for taking over companies in distressed industries, turning them around and then selling them, has begun buying stakes in several auto suppliers, he told the Free Press on Thursday.

Advance Auto Parts Announces Acquisition of Autopart International, Inc. (Business Wire via Yahoo! Finance)
Advance Auto Parts, Inc. , a leading automotive aftermarket retailer of parts, accessories, batteries, and maintenance items, announced that it has acquired all the stock of Sharon, Mass.-based Autopart International, Inc. in an all-cash transaction that closed today.

Sharing components raises odds of huge auto recalls (Corvallis Gazette Times)
CHICAGO As auto manufacturers share parts and designs across more vehicles, they run greater risks of having safety recalls that cover millions of vehicles, such as the one Ford Motor Co. announced Wednesday.