Automotive parts distributor Uni-Select posts Q2 loss amid restructuring

Auto parts and car gadgets for Christmas (Photos)





- [/] A performance spectator admires some of the pieces at Basel Art. - [/] Photo A performance piece at Basel Scope, done by an unidentified nearly naked man who moved in slow motion up and down the aisles dressed like a Greek version of Mars, the god of war. - [/] Photo A performance piece at Scope. The man clutched a staff, on which a plastic container for motor oil with the BP logo was impaled. - [/] An installation piece at Basel Art. - [/] An installation piece with paper tubes at Basel Art. - [/] A gallery scene at the Scope Basel show. - [/] A sculpture advance auto parts coupon of Sperone Westwater Gallery's employee, Michael Short, by Evan Penny. - [/] Evan Penny's sculpture of Michael Short.





Auto parts makers ask for $25.5B in aid





Fuses Most people forget about fuses. Fuses are the last line of defense between your car's power features and an electrical circuit. Fuses often blow and when they do, certain electrical components of your car stop working, including exterior or interior lights, power mirrors even your radio. It's always a good idea to have extra ones handy in time to replace your car's fuses when they stop working. 3. Bulbs It's unsafe for you and for other drivers on the road when your car's headlights, taillights, reverse lights or turn signals aren't working properly. It's illegal too. That's why it's important to regularly check and replace your car's light bulbs when they're not functioning properly and to have on hand in case one has blown out when you are in transit. 4.









The Motor & Equipment Manufacturers Association and an affiliated group, the Original Equipment Suppliers Association, have submitted a request for loan guarantees and assistance to car manufacturers to help them pay their suppliers' bills more quickly. The request includes $10.5 billion set aside to guarantee loans taken out against invoices payable by domestic automakers, $8 billion to guarantee other types of commercial loans and $7 billion to help General Motors and Chrysler pay their suppliers more quickly. Auto parts suppliers make the various components out of which cars and trucks are built. With vehicle sales down 36% from their levels a year ago, struggling automakers are rapidly scaling back production. That, in turn, has hurt auto parts suppliers. More than 40 major auto parts suppliers filed for Chapter 11 bankruptcy protection last year, according to MEMA. More than a third of supplier companies are in "imminent financial distress" according to the group, and another third indicate they will be "in distress" some time during the first quarter of this year. Auto parts suppliers currently employ about 600,000 people in the United States, according to the OESA. But the loss of one auto industry job means the loss of four other jobs in other industries, auto industry groups have argued. In all, the groups say, 1 million jobs could be at risk.





Auto Parts and Equipment





_ Kimberly-Clark Corp., which makes consumer products such as Kleenex tissue and Huggies diapers, said that its second-quarter net income rose 6 percent, as cost cuts and strength overseas helped offset costs related to its restructuring in Western Europe. Federal-Mogul returns to profit after cost cuts Monday, 22 Jul 2013 | 9:09 AM ET SOUTHFIELD, Mich.-- Auto parts supplier Federal-Mogul Corp. returned to profitability in the second quarter thanks to cost cuts and higher volumes. Federal-Mogul has been working to eliminate unprofitable divisions over the past year. In the most recent quarter, Federal-Mogul said the market environment has become "more stable." EXCLUSIVE-GM planning strict diet for new pickup trucks -sources Thursday, 18 Jul 2013 | 1:50 PM ET DETROIT, July 18- General Motors Co is preparing to put its full-size pickup trucks on a severe diet to meet future U.S. fuel economy standards and stay competitive with rival Ford Motor Co, according to several people familiar with its plans. UPDATE 2-Johnson Controls profit up, to sell electronics unit Thursday, 18 Jul 2013 | 9:14 AM ET DETROIT, July 18- Johnson Controls Inc posted a stronger-than-expected quarterly profit on Thursday and said it would sell part of its auto electronics business for about $700 million, sending its shares up 3.1 percent in premarket trading. UPDATE 1-Johnson Controls profit up, to sell part of electronics business Thursday, 18 Jul 2013 | 8:13 AM ET DETROIT, July 18- Johnson Controls Inc posted a stronger-than-expected quarterly profit on Thursday and said it would sell part of its auto electronics business for about $700 million. Johnson Controls said it expects to announce the sale of the rest of the electronics business before its next earnings report.