Fenix reports numbers, hints at acquisitions
By Jeff Sanford Toronto, Ontario — August 5, 2015 — New publicly-traded recycler, Fenix Parts, has held one of its first public conference calls. The company previously reported financial results for the holding company, Fenix Parts, as well as the financial statements for some of its founding companies. Today’s release updated the financials for the […]
Upcoming Guild 21 conference call digs into GM’s MyPriceLink program
By Jeff Sanford Toronto, Ontario — August 4, 2015 — There is much interest in the new General Motors parts initiative, mypricelink.com. Essentially, the program is intended to provide OE parts at prices that match those of the aftermarket. Those looking for information on this new program will also want to take note of an […]
Shanghai Auto Parts T&C ‘looking to enter the global stage’
By Jeff Sanford Detroit, Michigan — July 29, 2015 — The rise of car-based culture in China is the biggest story in the auto world over the last decade. Residents of the worlds most populous country are buying autos in ever-greater numbers. Auto sales in the country increased by 45 percent in 2009. China accounts […]
Automotive recyclers are not junkyards
Baton Rouge, Louisiana — September 17, 2014 — Louisiana Attorney General James D. “Buddy” Caldwell filed a lawsuit in August charging that State Farm is illegally forcing collision repair facilities in that state to install unsafe parts on vehicles that endanger consumers. “State Farm has created a culture of unsafe business practices in which consumer […]
