The departure of Sheri Roberts has led to two executive changes.
Latest In Power Transmission/Motion Control/Fluid Power
Core sales growth was driven by higher activity in the engineered solutions segment.
The manufacturer has annual sales of about $45 million.
Acquisition will expand DXP’s presence in international oil & gas markets.
The new center expands aftermarket capabilities in the market.
Motion closed an acquisition in Ohio and agreed to buy a distributor in Alberta.
The U.S. automotive industry hit bottom in 2009, with total light-vehicle sales falling to 10.4 million units the lowest level since 1982. Chrysler and GM filed for bankruptcy that year; Ford, while avoiding the courts, had to make its own cuts.
Today, the industry is nearing full recovery, albeit with some significant changes. This article examines the current state of the automotive industry in North America, how the recovery has affected suppliers and distributors serving the market and the outlook.
This article includes:
- Distributors’ perspectives on the auto industry collapse and recovery
- Lessons learned
- Outlook for the auto industry in North America
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The U.S. auto industry has returned from its collapse, but the industry – and the the distributors who serve it – have made some big changes.
The index for the third quarter read at 51.6, indicating deceleration from the prior quarter.
RBC completed two acquisitions during the quarter.
AMETEK paid $120 million for the Canadian manufacturer.
Acquired companies include Bates Sales Co., The Mine Supply Co. and IMSCO of Albuquerque.
The acquisition expands service and repair capabilities to local markets.
AST Bearings is expected to have $35 million in annual sales.
Manufacturers and distributors often think about data differently, leading to inconsistent data sharing.
Only one of four segments saw a sales increase during the quarter.
CEO: Mining equipment demand remained weak.
