Truck parts distributor Transaxle with facilities in 11 states is closing after an unsuccessful attempt to sell the company.
June 16, 2025parts News Updates
Truck Parts Distributor Transaxle to Shut Down
Auto Parts Supplier Marelli Blames Tariffs for Bankruptcy
Marelli Holdings filed bankruptcy in the U.S., saying its latest debt-cutting effort was prompted by tariffs.
June 11, 2025Auto Parts Supplier Marelli Plans Bankruptcy Filing
Marelli Holdings, the struggling auto parts supplier for Nissan and Stellantis, plans to seek Chapter 11 bankruptcy protection in the U.S. to slash its debt burden and restructure.
June 10, 2025Stellantis Offers Tariff Aid to Struggling Parts Suppliers
It’s unclear what percentage of the cost Stellantis is willing to pay and suppliers would have to meet a number of requirements in order to qualify for the program.
April 7, 2025Parts Maker Schaeffler to Cut 4,700 Jobs on Auto Woes
Schaeffler AG will cut about 4,700 jobs in Europe and close two sites as a deepening slump at Volkswagen AG and other German carmakers ripples through their supply chains.
November 5, 2024Emissions Tampering Costs Auto Parts Firm $10M in Fines
On Sept. 10, Rudy’s Performance Parts Inc. and its owner, Aaron Rudolf, were sentenced in federal court in Washington, D.C., for conspiring to violate the Clean Air Act.
October 9, 2024Motion Industries Expands in Houston With New Center
Motion Industries, a provider of vehicle maintenance, repair and parts, will open a new service center in Houston in September.
August 29, 2024Maintenance Costs Fell in Q1, Report From Decisiv, TMC Finds
The trucking industry saw combined parts and labor costs continue to trend downward during the first quarter, ATA's Technology & Maintenance Council and Decisiv revealed July 3 in a report.
July 3, 2024Parts Suppliers Fear a Crash With Shift to EVs
Anxiety over a transition to electric vehicles is high in the thousands of businesses that have long supplied parts and equipment for cars and trucks powered by internal combustion engines.
May 31, 2024Maintenance Costs Ease in Q4, Report From TMC, Decisiv Finds
NEW ORLEANS — Maintenance expenses in the trucking industry decreased 1.4% in the fourth quarter of 2023 compared with the prior quarter, driven by lower costs for parts.
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