Tag Archive | "Automotive"

AIMING FOR PERFECTION

Tags: , , , , , ,

AIMING FOR PERFECTION


PROMOTION ARTICLE ON BEHALF OF AISIN GROUP

Aisin braking portfolio

The Aisin group is a diversified global conglomerate with special expertise in materials processing, precision engineering and manufacturing technologies. While the principal activity is the design and manufacture of automotive parts and systems, the group also produces household appliances such as fuel cells and other products related to the energy, lifestyle and wellness sectors.

Guided by the founder’s commitment to “quality first”, Aisin has developed a strong position as a global supplier of premium automotive parts and systems to vehicle manufacturers. In addition to Toyota, which has taken a 24% equity in the company, Aisin is a major supplier to the Volkswagen Group, BMW, Volvo, General Motors, PSA Group, Renault-Nissan, Mitsubishi, Honda, Suzuki and Changan Group.

Aisin Seiki group
Japan-based Aisin has been processing materials and manufacturing premium precision products for more than 70 years. Founded as an aircraft parts manufacturer, the company has now developed into a Fortune Global 500 company with more than 190 subsidiaries and affiliates around the world. The Aisin group is a strong top-10 supplier in the automotive OE and aftermarket industries, and recorded net sales of over 29 billion Euro in the 2016 financial year.

Drive, turn, stop…

The Aisin automotive product range is comprehensive, covering all the principal vehicle functions – driving, turning and braking – and includes drivetrain, clutch, brake, chassis, engine and cooling systems, in addition to vehicle body parts.

The group strives to anticipate customer needs and has invested heavily in the last few years to meet the changing requirements of the automobile industry. Using its expertise in diverse metals and processing technologies, Aisin is now producing lighter vehicle parts – including cast parts for the engine and related areas – helping car manufacturers meet lower fuel consumption and emission standards.

Strong R&D resources

For these new trends, Aisin is able to draw on its impressive worldwide research and development assets. Back in 1970 it was one of the first auto parts manufacturers to construct its own vehicle proving ground equipped with test tracks. Aisin now has three proving grounds worldwide with a variety of track surfaces.

In parallel, state-of-the-art indoor testing facilities enable Aisin to evaluate a wide range of vehicle performance areas including electronic devices, fuel economy exhaust emissions, high-temperature environments and vehicle stability control systems.

Going forward, Aisin aims to continue working with its subsidiaries and customers to anticipate future requirements and fulfil its mission to contribute to the creation of a better auto society and higher standard of living.

Posted in Featured Sidebar, Industry InsightComments (0)

PHOENIX COMPANIES RISING FROM THE ASHES

Tags: , ,

PHOENIX COMPANIES RISING FROM THE ASHES


It’s a sad fact of life that businesses can and do fail and the fallout can impact upon many – owners, shareholders, employees, customers and suppliers alike. Often there is nothing underhand about the failure – the company is wounded fatally by a lost contract, a massive hike in rent or rates, or has been unable to adapt to changing market conditions.

Occasionally, however, firms are set up to fail through the deliberate actions of their management with a view to defrauding creditors. In certain situations, directors of the failed company turn to what is known as a ‘phoenix’ company.

PHOENIX RISING
‘Phoenixing’, or ‘phoenixism’, are terms that describe the practice of carrying on the same business or trading successively through a series of companies which in turn becomes insolvent – the idea being that a new business rises from the ashes of an old one, like the Phoenix bird of Greek myth, hence the term. Each time this happens, the business of the insolvent company (but not its’ debts), is transferred to a new, but similar, phoenix company, usually through the use of a pre-pack administration. A pre-pack administration involves the business of the liquidated company being sold as a ‘going concern’, (i.e. as an operating business) through a process orchestrated by an appointed insolvency practitioner. The insolvent company then ceases to trade and might enter into formal insolvency proceedings or be dissolved.

Phoenixing often harbours negative connotations, mainly because of the actions of directors who force their companies into insolvency to then purchase back company assets through the new company, leaving behind any liabilities in the insolvent company. The process often involves financial loss being suffered by the creditors of the failed company – a practice that can both leave a nasty taste in the mouth and give phoenix companies a rather bad reputation.

There is no doubt that in rare circumstances, the directors of a company do set out to commit insolvency fraud and so will deliberately reform a business using a phoenix company to avoid paying creditors. They will ensure that the phoenix company is set up so that it appears slightly different from the insolvent company. The business will continue to trade and operate and the creditors of the insolvent company will not usually recover their debts as they remain with the insolvent company – a separate legal entity – and will not be transferred over to the newly formed company. The bad news for creditors and suppliers is that they will have no contractual claim against the new company for debts incurred by the old, defunct, company.

THE LAW SAYS
The governing law of England and Wales allows shareholders, directors and employees of insolvent companies to set up new companies to carry on a similar business, so long as the individuals involved aren’t personally bankrupt or disqualified from acting in the management of a limited company, and the trading name of the new company is not the same or similar to that of the insolvent company. Setting up as a new entity is legal if the process has been managed properly. Entrenched company law principles mean that a limited liability company is a legal entity separate from that of its shareholders and directors. Except in very limited circumstances, the responsibility for debts incurred remain that of the company, subject to the actions of the company directors.

One circumstance where a director can be made personally liable, jointly and severally with the company, for all the relevant debts of the new company, is where they contravene the Insolvency Act 1986 by acting as a director of a company with a prohibited name (i.e. a name which is similar to suggest an association with the previous company’s name). Further, the director will also be liable to a fine or potential imprisonment.

SEEKING SOLACE
So, what can you do if you suspect some sort of insolvency fraud being undertaken by a company that you are dealing with? What happens where you find yourself in the situation where you have supplied a company and your invoice has not been paid? What should you if do you’re also unable to reach anyone at the company to speak to about the money that you are owed?

The company at this point may or may not be insolvent. If the company in question is insolvent, the appointed insolvency practitioner’s function is to investigate the practices of the company and distribute any assets found to the creditors of the business. Predominantly, the underlying assets of the insolvent company are required to be sold at market value and not (deliberately) at an undervalue. You, as a creditor of this business, should have an interest in such investigations and you should speak to and assist the insolvency practitioner where possible.

Company directors owe numerous duties to their company and the key duties are codified in the Companies Act 2006. These include promoting the success of the company, exercising independent judgement, exercising reasonable care, skill and judgement, and avoiding conflicts of interests. Where a company is threatened with or starts to undergo insolvency proceedings, directors not only owe duties to the company, but also to the creditors of the company and a number of provisions of the Insolvency Act 1986 apply in this case.

STRICT RULES
There are strict regulations placed on the directors of an insolvent company and any appointed insolvency practitioner regarding the use of a phoenix company to carry on the business of an insolvent company. The intention of the regulations is to protect the interests of unsecured creditors and to prevent company directors from escaping their obligations. It is a criminal offence under the Insolvency Act to knowingly carry on business with an intention to defraud creditors.

If this is proven, an insolvency practitioner may make the decision that the director is liable to make a contribution to the company’s assets on winding up. Remember, it is legal for a phoenix company to be formed from the insolvency of a prior company. However, any director that is subject to a disqualification order or a bankruptcy order cannot act as a director of the newly formed company. You may suspect that a director of a company that you are dealing with may be acting in breach of a disqualification or bankruptcy order and if this is the case, you should also report this to the Insolvency Service.

DEAL WITH IT
Information is available online, free, at Companies House to any member of the public who wishes to see who is registered as a director of a company that they are dealing with. The name of the company (this may be different from the name with what the company trades as) or the company number will be required to use the Companies House search function.

Despite the losses that can be experienced by a creditor because of the use of a phoenix company that may have been subject to insolvency fraud, the financial failure of a majority of UK companies is not usually as a result of wrong doing nor the misconduct of company directors. Companies can be dissolved or face financial difficulties for a variety of reasons.

One protective solution, obvious as it sounds, is to conduct preliminary investigations on new customers before entering into a trade agreements or offering trade credit. As noted above, check the publicly available register at Companies House for information on company directors and their companies, seek trade references, and also carry out credit checks. Forewarned is forearmed.

It may be worth checking to see whether your supplier contracts have, or possibly should have, clauses which aim to protect your legal ownership of the supplied goods until payment has been made by a customer. Some supplier contracts may include what are known as retention of title clauses which will state that the goods delivered by a supplier remain their property until payment by the customer has been made. Legal advice should be sought as ‘retention of title’ clauses require careful thought and drafting to ensure that they are effective, an event of insolvency should be properly provided for in such terms and conditions in order for a supplier to limit exposure to the risk of non-payment.

WHAT TO BE AWARE OF
Directors who don’t conduct business in line with their legal obligations face potential disqualification from acting as a company director. The Company Directors Disqualification Act 1986 prohibits directors whose conduct led to the insolvency of a company from taking on similar roles elsewhere for a prescribed length of time. If, as a creditor, you feel or suspect that a director of the company you are dealing with is conducting their business in an unfit manner, you can report them either to the Insolvency Service, Companies House or the Serious Fraud Office.

Posted in CAT Know-HowComments (0)

MARATHON ACQUIRES NEW WAREHOUSES

Tags: , , , ,

MARATHON ACQUIRES NEW WAREHOUSES


Independent wholesaler Marathon Distribution has acquired two warehouses bringing its’ branch network to 14 sites. The move comes as part of a business strategy to improve its’ Northern logistic operations.

The Warrington distribution centre has recently opened its’ doors to trade customers.

Meanwhile, construction work on the new Gateshead site is still underway and should be functional by February next year.

The opening of these centres has also sparked a recruitment drive, creating a number of job opportunities and an internal shake-up, as Adrian McComas, Sales and Marketing Manager at Marathon Distribution, elaborates: “Several colleagues from our Castleford and Redditch depots will be transferring over to the new Warrington site.” He continued, “Regional Director Lee Pearsall has been appointed to manage operations for this part of the country.”

More branches are in the pipeline. McComas concluded: “We will also be looking to expand into Scotland in 2018 to enable us to service our Scottish customers more efficiently. We’ve already got substantial business in the North East and West of England, so it will make it easier to service those areas and gives us an opportunity to develop the business more, with more frequent opportunities for our stockists.” We look forward to reporting on these new sites when they go live next year.

Posted in Blogs, UncategorisedComments (0)

200K INVESTMENT AT REVCOAT

Tags: , , , ,

200K INVESTMENT AT REVCOAT


Calcination Oven

Catalytic converter brand Revcoat Technologies has made a major investment in new processes and machinery. New equipment includes a calcination oven, automatic case seam welder and several types of automatic coating machines.

The firm produces various types of diesel particulate filters in addition to the converters for petrol engines and has spent over £200k on the new equipment.

James Slade, Director at the firm said: “Over the past 12 months we have researched and developed catalyst wash-coats using high oxygen storage chemicals and Nano-technology precious metal solutions to meet the requirements of today’s emission standards.”

“Combined with our specifically designed coating and canning technology we can produce emission catalysts tailored to any requirement. Our catalytic solutions and our proprietary catalyst coating technology are individually tailored to take advantage of the latest technology in raw materials.”

“Our investment in this technology for the development of automotive emission catalysts gives us the ability to offer solutions for present and future requirements of environmental legislation.” Revcoat Technologies is owned by by European Exhaust & Catalyst Ltd.

Posted in Blogs, UncategorisedComments (0)

RUBBER PLANT COMES BOUNCING BACK

Tags: , ,

RUBBER PLANT COMES BOUNCING BACK


Fabrication line in new plant

If you think of the Dunlop brand, you’ll probably come up with the eponymous Fort Dunlop, the giant building sat next to the M6 which I remember in my youth as being vast, foreboding and, well, old.

However, this building was a spring chicken compared with Dunlop Suspensions’ former building in Coventry’s Holbrook Lane. The WW1-era factory was sprawling, dark and low. It was also riddled with holes – some apparently from stray bullets sustained in the dog-fights over the city in the second war.

MODERN
While the historic value was not in doubt, it didn’t really work as an avatar for a modern, high- tech business. “People visiting the site would think ‘failed 1960s UK manufacturer’ and once you’ve formed that view it is very hard to dispel it” said Ian Hamilton, MD of the company. A move was on the cards, and the view of the management was if they were going to be in the new site for as long as there were on the old, it made sense to build something bespoke. “We did as much as we could, because we were only going to do this once” explained Hamilton.

As such, plans were drawn up for a brand-new site at the Prologis Park industrial area. The build was projected to cost in the region of £5m once the plant was taken into account, and the new building would feature the latest environmental systems, such as integration of thermal processes and an advanced soak away under the car park. It was going to be the first of its type in the area, however, this came with its own problems.

EXPANSION ISSUES
“One of the problems with being ‘first through the door’ is it is you that tends to get shot” explained Hamilton. “For a start, we were stuck between two county councils, with most of the building being in one, and the car park in another”. Interestingly, the footprint of the new build is much smaller than the old, with 60,000 sq ft as opposed to nearly three times than at the old place. “We didn’t use much of it really” said Hamilton. “Although every nook and cranny was stuffed with things, because when you have the space, people will fill it up. I’ve learnt that in any future business dealings to buy the smallest space needed. It saves so much money, because if you haven’t got anywhere to put it then you don’t buy it!” he added.

It isn’t only the building that has enjoyed a reboot. Working practices and machinery have modernised to keep up with the times. Processes that once took thirty burly men to complete can now be done by machinery, allowing employees to concentrate on lighter and more technical work. On our visit, the firm was busy producing a batch of air suspension for a bus manufacturer on one line, and a number of aftermarket products for Range Rovers on another. It is also worth pointing out that there is real manufacturing going on here, with CNC machines buzzing and autoclaves heating. It is not simply an assembly and distribution centre.

The lean systems in place also allow for small batch sizes. “The rivals are on the volume trail” asserts Hamilton, adding that the items produced are not exactly bespoke, but ‘tailor made’, which allows the firm a USP. “We assume our competitors consider volumes of less than 100,000 not to be worth the engineering time” he said, adding that CEO Chris Davis could identify ways of producing strong aftermarket references.

Dunlop Suspensions (officially known as Dunlop Systems and Components Ltd) had an interesting time in the last century as it was one of the pioneers of the disc brake and claims to have invented the ceramic disc. The company worked on many automotive projects, including the four wheel drive Jensen Interceptor FF. However, it was the rubber cone suspension on the original Mini, which had been designed by Alex Moulton and was produced by Dunlop Suspensions that captured the public’s imagination. The firm produced parts for the Hydrolastic and Hydragas systems that were standards on BMC cars of the era, but a disastrous merger with Pirelli indirectly lead to the whole Dunlop group of companies being sold to BTR in the 1980s. BTR gradually split them up and sold them off, with the Systems and Components division transferring to Trelleborg AB at the end of the 1990s. However, a management buyout in 2007 allowed the company to modernise, culminating in the building we are looking at today finally being completed in 2014.

As the old proverb goes, it is an interesting time to be a manufacturer in the UK. The effects of currency fluctuations and the threat (or opportunity if you like) of leaving the single market is hanging over those in the supply chain. Nonetheless, this company has shown that it can adapt to the pace of change – and long may it continue to do so.

Posted in Out and About with CATComments (0)

HELLA TECH WORLD – THE EASY ACCESS SUPPORT SITE

Tags: , , , , ,

HELLA TECH WORLD – THE EASY ACCESS SUPPORT SITE


PROMOTION ARTICLE ON BEHALF OF HELLA

The website, is free of charge to users, available round the clock and kept up-to-date, giving workshops a genuine advantage, allowing them to develop a greater level of technical competence, which will contribute to the overall success of their business. HELLA, one of the world’s leading original equipment (OE) component and system suppliers, created the easily accessible portal to provide technicians with complete online support, including the latest range extensions, which are updated monthly, technical product information and HELLA Online Training – in short – to assist workshops to future proof their businesses.

TECH WORLD also links to the company’s online catalogues enabling them to browse all that HELLA, Behr Hella Service and Hella Gutmann Solutions has to offer. In addition, briefing notes are available, which give detailed information on product features and specifications, as well as links to supporting Apps, such as the ELIVER light comparison App and Behr Hella Services Compressor App.

Technicians can also access a range of practical technical training modules for lighting, electric and electronics and thermal management, and take advantage of the detailed technical information, with access to a know-how tool in which HELLA reveals how components work.

With this insight, they are able to more easily identify the cause of a fault and through this technical background knowledge how to rectify it. What’s more, technicians have the option to view technical clips and diagnostic tips to assist with the repairing process. To optimise the whole repair process, HELLA has continued to invest to provide excellent product availability and depth of range to help technicians complete their work to the highest possible standard. HELLA’s commitment to make the workshops day-to-day business life easier, faster and ready to face the future, demonstrates that the company really is the ‘workshop’s friend.’

To experience HELLA TECH WORLD please visit – www.hella.com/techworld. For more information about the OE quality products available from HELLA, please call customer services on: 01295 662400 or email hella.sales@hella.com

Posted in Featured Sidebar, Industry InsightComments (0)

GETAC LAUNCHES A140 TABLET FOR WORKSHOPS

Tags: , , ,

GETAC LAUNCHES A140 TABLET FOR WORKSHOPS


PROMOTION ARTICLE ON BEHALF OF GETAC

Getac has recently launched its A140 fully rugged tablet, designed with a leading automotive manufacturer.

“Working with our customers, Getac is continuing to develop devices that really meet their evolving needs. Now more than ever, automotive organisations are concerned with giving their workers rapid secure access to critical information, while working in a diverse range of challenging environments,” explains Chris Bye, President of Getac, UK. “The A140 delivers those capabilities to our customers.”

“Take for instance automotive technicians,” continues Bye. “With increased vehicle functionality comes increased complexity, so technicians need fast performance, the ability to quickly see more data displayed and to operate technology with disposable gloves or other protective wear. They are constantly on the move, so the A140’s optional multifunction hard handle serves as a support stand and cradle when stationary, and an effective way to grab-and-go when time is critical.”

The device offers the most robust suite of security features of any fully rugged tablet, such as TPM 2.0, which monitors and protects system start-ups by ensuring the device is tamper-free before releasing control to the operating system. Optional Absolute DDS allows the user to remotely disable the system if it is ever lost or stolen. Multifactor authentication options, including fingerprint, RFID or SmartCard readers, allow users to take full advantage of Microsoft Windows 10 identity and access control features, including Windows Hello, Microsoft Passport and Credential Guard.
Taking full advantage of Intel’s 6th Generation Skylake Core i5 and i7 processors, the A140 delivers the highest performance in its class. Combined with Intel 802.11ac Wi-Fi, Bluetooth 4.2 technology, and a hot-swappable battery design, users will experience maximum around-the-clock performance.

The large sunlight readable HD display incorporates Getac’s revolutionary LumiBond® 2.0 touch screen technology that is more durable and readable and supports touch, rain, glove and pen touch modes. Durability is synonymous with the Getac brand and the A140 fully rugged tablet continues the tradition. The tablet is MIL-STD810G and IP65-certified to withstand drops of up to four feet and survive rain, moisture, vibrations, shock and extreme temperatures from -21°C to 60°C operating temperature and -40°C to 71°C storage temperature. It is backed by Getac’s industry-best, three-year bumper-to-bumper warranty that includes accidental damage and environmental exposure.

The A140 comes with a range of options, including a full HD webcam for crystal-clear video conferencing, an 8MP rear camera with LED flash for crisp images and video, and 4G LTE wireless for fast and reliable connectivity. A slim-profile vehicle dock maximises cab space and allows tri-pass-through antenna ports to simultaneously connect to high-gain WWAN, WLAN and roof-mounted GPS antennas.

For more information about the new Getac A140 fully rugged tablet, visit www.getac.co.uk.

Posted in Featured Sidebar, Industry InsightComments (0)

BILSTEIN GROUP TO HOST RECRUITMENT EVENT

Tags: , , , ,

BILSTEIN GROUP TO HOST RECRUITMENT EVENT


Distribution centre is now completed

German parts maker Ferdinand Bilstein is holding a recruitment open day, taking place at its Markham Vale plant on Saturday 14th October.

The event will run from 10am until 16:00pm where potential employees will be given a tour of its new distribution centre in North-East Derbyshire, plus a rundown of all the job opportunities available on site.

The component manufacturer said up to 140 jobs will be up for grabs with full training provided to  candidates that make the cut.

For those interested in attending should get in touch with a member of the Bilstein team as soon as possible through the company website.

Posted in Blogs, Factor & Supplier News, Garage News, News, Retailer News, UncategorisedComments (0)

CAT AWARDS 2019

Tags: , , , ,

CAT AWARDS 2019


 

Last chance to nominate for the 2019 CAT Awards!

To nominate a person or business from the categories below, just email greg.whitaker@haymarket.com. If you like, you can tell us why you are nominating them as well.

Our categories are as follows:

  • Garage of the Year
  • Factor of the Year
  • Factor Team of the Year
  • Outstanding Achievement
  • Retailer of the Year
  • Supplier of the Year

 

 

 

 

 

 

 

Posted in Latest News, News, UncategorisedComments (153)

BEN LAUNCHES ‘GET FIT FOR WORK AND FOR LIFE’

Tags: , , , , ,

BEN LAUNCHES ‘GET FIT FOR WORK AND FOR LIFE’


BEN, the not-for-profit organisation, has launched its new project that aims to improve and spotlight the importance of physical health to individuals working in the automotive sector.

The ‘Get fit for work and for life’ initiative will be conducted through a number of activities throughout this year including a series of articles to improve health and wellbeing, some of which have been published on the BEN online News Hub. In addition to this, the foundation will also launch a new health programme that will be available later this year. The inventory will include checks for blood pressure test, body mass index (BMI) as well as body fat percentage and resting heart rate test based on National Health guidelines.

Speaking about the latest campaign, Zara Ross, Chief Executive at BEN said. “By focusing on preventative measures and offering advice on subjects such as healthy eating and exercise, we can help people maintain a good level of health and fitness. As part of this, we’re really excited to be launching our physical health checks later this year to support businesses in helping their employees get fit and stay fit for work and for life”.

Posted in Factor & Supplier News, Garage News, News, Retailer NewsComments (0)

Advertisement
  • Martin Gray and Sukhpal speak
  • Aftermarket Lives:  A look at a battery production plant.
  • Expert comment: Real retailers competing in a digital world

more info

    • Should hand car washes face further regulation?

      View Results

      Loading ... Loading ...
    • Popular
    • Latest
    • Comments
    • Tags
    • Subscribe