Selling about $50 million worth of parts it makes each year, Lucerne International isn't a top-tier auto supplier. Because the company doesn't have "deep pockets," according to CEO Mary Buchzeiger, long-term contracts with its customers block it from passing higher raw material costs or tariffs on to them. And Lucerne's profit margins are too thin to absorb the higher costs.
Brakes for Breasts has started its 2018 Brakes for Breasts fundraiser. During October, more than 100 independent auto repair shops from across the United States are offering free brake pads to their customers.
Based on his time networking in the industry, Brian Sump has gathered some secrets to how large companies successfully retain talented workers. Here is one Fortune 500 company's five keys to employee retention.
Businesses affected by the auto parts industry, including automotive repair shops, could scramble to cope with President Donald Trump’s tariffs on imported Chinese materials and goods, especially as those tariffs could limit where auto parts retailers can source their parts.
Kukui joined Richard Rawlings and crew for the second season of the hit Discovery Channel program Garage Rehab. Kukui supports the shop featured in each episode with a new website designed to help them revitalize their marketing efforts.
Icahn Enterprises L.P.'s automotive segment reported $18 million and $52 million losses from continuing operations for the three- and six-month periods ended June 30, respectively, despite higher sales in both periods.