US-based Transtar Holding Co. has announced the formation of NexaMotion Group, according to a press release dated Dec. 1. The new company will encompass the automotive aftermarket businesses that serve automotive professionals through distribution and e-commerce solutions. The group will include Transtar Industries, Transend, C&M Auto Parts, King-O-Matic, TransMart, Recon and Pro-King Automotive Products, the company said. Significance: According to the company, Neil Sethi, presid...

German supplier Continental has outlined a strategy to increase value creation through cost reduction measures, improved efficiency, and a focus on high-growth business areas. The company aims to achieve a consolidated adjusted EBIT margin of around 8-11% in the next two to three years and improve within this range, according to a press release dated December 4. In the Automotive group sector, Continental will focus on value-creating business areas with high growth, including the User Experie...

Japan’s JTEKT Corp. announced that it has established JTEKT Sales Middle East (JSME) in Nairobi, Kenya, with the opening of a new JSME Kenya branch, according to a press release dated Nov. 28. The move aims to strengthen the company’s sales network in Africa, where future growth is expected, the release added. In order to strengthen its aftermarket business, JTEKT launched an aftermarket business headquarters in April 2021 and has been strengthening the sales expansion of aftermarket...

Holley Inc. (Holley), a US-based manufacturer of high-performance aftermarket products for car and truck enthusiasts, announced that it is implementing a new organizational design, according to a press release dated October 19. As part of the strategic realignment, the company has established seven new verticals in an effort to strengthen its ability to serve the classic vehicle market while also expanding its focus on aftermarket solutions for newer model vehicles. The new verticals are C...

Electric vehicle charging-equipment maker Tritium DCFC Ltd. will supply fast-charger technology and services to the French EV charging network Driveco, Tritium announced October 4. The company said that Driveco has placed its first order with Tritium for more than 200 fast chargers, including 100 PKM150 (150 kW) chargers and 100 RTM50 (50 kW) chargers. Tritium and Driveco’s partnership aims to provide reliable fast charging to the increasing number of EV drivers in France. Notabl...