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LKQ Corporation Announces Results for First Quarter 2024
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By AutoZone
MEMPHIS, Tenn. , Dec. 03, 2024 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE:AZO) announced it will hold its Annual Meeting of Stockholders on Wednesday, December 18, 2024 , at the J.R. Hyde III Store Support Center in Memphis, Tennessee . The meeting will begin at 9:00 a.m. (ET) .
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By Counterman
NPW recently announced the opening of its fourth Johnny’s Auto Parts location. The company said this new store in Hialeah, FL, will continue the mission of serving the needs of local installers and the wider Hialeah automotive community under the Johnny’s Auto Parts name. Flying the Auto Value banner, the company said Johnny’s Auto Parts #4 is positioned to bring expanded inventory, expert staff and superior service to the area, backed by NPW’s legacy of quality and commitment to customer support.
“Launching our fourth Johnny’s location is a testament to the brand’s strong reputation and the loyalty of our customers,” said Chris Pacey, CEO of
link hidden, please login to view. “This store will deliver the same exceptional service and broad product selection that Johnny’s is known for, and we’re excited to support the Hialeah area with a store that’s both accessible and community focused.”
link hidden, please login to viewadded that Johnny’s Auto Parts #4 stands to deliver a range of services, from top-quality parts to fast delivery options. The addition of the new store supports NPW’s commitment to expanding the Johnny’s brand throughout South Florida, the company said. The post
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By shelitaauto
Source: Gasgoo
link hidden, please login to view Japanese automaker Nissan Motor’s two assembly plants in the southeastern United States have been affected by slowing vehicle sales. Nissan Motor North America expects its U.S. production to decrease by 17 percent in fiscal year 2024 (April 2024 to March 2025). Nissan has already said it will cut its production by 20 percent globally to deal with oversupply and ballooning costs.
Image Source: Nissan
In a planning document sent to auto parts suppliers in November, Nissan projected it would build 503,202 vehicles in Canton, Mississippi, and Smyrna, Tennessee, in fiscal 2024, down from 605,435 in fiscal 2023.
Nissan has informed its auto parts suppliers that its vehicle production for the second half of the fiscal year 2024 (October 2024 to March 2025) will be 12,554 units less than originally planned (i.e. a 4.8% reduction).
Nissan is cutting production of several light trucks, including 6,438 Frontier midsize pickups and 2,010 Rogue compact crossovers. In the first nine months of this year, the two models together accounted for 37% of Nissan’s U.S. sales.
Nissan also plans to reduce production of 2,290 Pathfinder large crossovers and 2,465 Infiniti QX60 midsize crossovers, but plans to increase production of 649 Nissan Altima midsize sedans.
At the same time, Nissan will reduce shifts at some assembly plants from five days a week to four by the end of the year.
Nissan spokesman Brian Brockman said the company adjusted its production forecast in response to a dynamic market to ensure the automaker maintains healthy supply and inventory levels.
Nissan has cut U.S. production several times this year to reduce dealer inventories. U.S. supply of the Nissan brand peaked at 112 days in April, compared with an industry average of 76 days, according to Cox Automotive.
In the first quarter of this year, Nissan reduced its U.S. production by 6%, or about 10,200 vehicles, with the Rogue model accounting for more than 50% of the reduction, and the Pathfinder and Frontier models also affected. In September and October, Nissan cut production of the Rogue and Frontier by as much as 40,000 vehicles.
According to Automotive News Research and Data Center, the Nissan brand has lost more than 25 percent of its market share in the U.S. over the past five years, and its market share has fallen to 5.6 percent in the first nine months of this year. The reduction in Nissan’s vehicle production pushed the profitability of Nissan dealers to its lowest level in nearly 15 years in the first half of this year.
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By Counterman
Participating members of the
link hidden, please login to view are once again supporting the U.S. Marine Corps Reserve Toys for Tots campaign by collecting toys and monetary contributions for deserving children in their local areas. “Our partnership with Toys for Tots resonates with
link hidden, please login to view membership. They have enthusiastically taken on its mission and have raised awareness of this wonderful program within their communities,” said John Marcum, director of marketing at Federated Auto Parts. “Their dedication has turned Toys for Tots into an impactful, year-round initiative. We extend our gratitude to the Federated Alliance, The Pronto Network and our supplier partners for their continued generosity and support of the campaign.” Since partnering with the U.S. Marine Corps Reserve Toys for Tots Program in 2012, The Group, its members and vendor partners have helped raise over $4 million for Toys for Tots. In addition to toy donations at participating locations, financial contributions can be made online by visiting The Group website at
link hidden, please login to view and clicking on “Make a Donation.” Donors can use a credit card securely or print out a form and mail it with a check made payable to Toys for Tots. Since 1947, the Marine Toys for Tots Foundation has distributed more than 652 million toys to more than 291 million children.
“All donations made online or at participating member locations are distributed in the area where the toys and money are collected, helping make the holidays brighter for deserving children in their own communities,” said Marcum.
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