Genuine Parts Company and Inenco have entered into an agreement where Inenco will issue new shares to Genuine Parts Company, representing a 35% stake in Inenco for approximately $70 million (US) in cash.
There are few nations that have as close a relationship with the United States as Israel. However, political alliances don’t necessarily translate into aftermarket sales opportunities for automotive parts and accessories.
President Donald Trump’s disdain for NAFTA has been directed mostly at Mexico, yet Canadian industry executives are a bit uneasy about business relations with their U.S. counterparts should Trump’s ire start targeting the northern neighbor.
The global spare parts logistics (SPL) market, which includes automotive parts, currently stands at $52.7 billion a year, representing approximately 6.9 percent of total third-party logistics (3PL) revenue.
If you want to do business in Ghana, the West African nation’s drivers would welcome pre-inspected quality used vehicles, preferably with a high ground clearance, plus quality aftermarket repair parts at bargain price points.