Ontario, October 2016 – Business conditions for the automotive aftermarket have never been better, according to the 2016 Outlook Report released by AIA Canada. A surge in light vehicle sales in the last two years has had a knock-on effect throughout the entire ecosystem, with the Canadian automotive aftermarket industry hit an all-time record of […]
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Based on the latest information, investors are looking at U.S. Auto Parts Network, Inc. (NASDAQ:PRTS)’s short data and trying to figure out market sentiment on which way the market thinks the stock is moving. The firm has 0.89% of total shares float short, yielding a short ratio of 1.93. When investors engage in short selling or “shorting a stock”, they […]
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Automotive Parts Associates(APA) has added new shareholders to group membership: Holbrook Auto Parts in Highland Park, Michigan; Singh Auto Parts in Santa Clarita, California; Value Plus Auto Parts in Westland, Michigan; and KDR Distributing in Mooresville, North Carolina. Holbrook Auto Parts has been in business for 75 years, has three locations and a repair center […]
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In Ontario Canada has lost about 53,000 auto jobs since 2001, according to a 2015 report by the Automotive Policy Research Center.Among the reasons: a post-bankruptcy consolidation of production, Canada’s high energy costs and the rapid growth of Mexico as a North American production and export base. Unifor President Jerry Dias has framed this round […]
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The well-documented surge in new-car sales over the last five years should have long-term positive implications for the automotive aftermarket, according to a new report released today by the Automotive Industries Association of Canada (AIA). The association’s biennial Outlook Study,says two consecutive years of record sales numbers will bring tangible benefits to automotive repair and […]
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Checking on the valuation of U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) shares, we can focus on several ratios. One of the quickest ways to determine the projected value of a stock is the price to earnings growth, or PEG ratio. This formula was popularized by Peter Lynch and according to his calculations, a stock which is fairly […]
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Chris Baer has been named the new president of Vipar Heavy Duty, the company announced during its annual business conference. January 2002 as director – program management. November 2003 – was named vice president and a corporate officer. November 2014 – promoted to executive vice president The network of independent aftermarket truck parts distributors has […]
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Alabama — German automotive supplier MollerTech announced today that it will invest $46.3 million to build a state-of-the-art manufacturing facility in Bibb County, creating 222 jobs in Alabama’s growing auto sector. “Attracting investment and new jobs to Alabama’s rural counties is a key priority in our overall economic development strategy,and MollerTech’s manufacturing facility in Bibb […]
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Recently analysts working for a variety of stock market brokerages have changed their consensus ratings and price targets on shares of U.S. Auto Parts Network, Inc. (NASDAQ:PRTS). Recent analyst ratings and price targets: 11/03/2015 – U.S. Auto Parts Network, Inc. had its “buy” rating reiterated by analysts at Roth Capital. They now have a USD […]
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Fiat Chrysler Automobiles workers represented by the Canadian union Unifor on Sunday ratified a new four-year labor contract with the automaker, which pledged more than $251 million (C$330 million) in investments. About 70 percent of workers voted to ratify the contract, Unifor said in a news release. The union said 69 percent of production workers and […]
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