Federal-Mogul Invests in AutoMD
Oct. 10, 2014—Federal-Mogul Motorparts has purchased a minority stake in AutoMD, the company announced Wednesday.
AutoMD was previously a wholly owned subsidiary of U.S. Auto Parts Network, Inc.
AutoMD.com pegs itself as an unbiased free online automotive repair resource designed to empower vehicle owners with the best way to repair their vehicles.
Federal-Mogul Motorparts is a leading global supplier of premium branded components for light and commercial vehicles. Champion spark plugs and filters; ANCO wipers; MOOG steering and suspension parts; and Wagner brake products all are part of the Federal-Mogul brand.
"AutoMD.com provides transparency for consumers in need of vehicle repair and visibility to the over 1,000 and growing participating repair providers," Shane Evangelist, CEO of AutoMD majority owner U.S. Auto Parts said in a release. "This investment and the significant industry expertise of Federal-Mogul Motorparts and Cox Automotive will help further establish AutoMD as the preferred source of vehicle repair information for millions of consumers."