Federal-Mogul Motorparts and China Automotive Import and Export Co. Ltd. e expand automotive aftermarket business in China
Federal-Mogul Motorparts and China Automotive Import and Export Co. Ltd. (CAIEC), a nationwide state-owned 4S automotive distribution network, announced the formation of a joint venture, Federal-Mogul CAIEC Automotive Technology Services (Beijing) Co., Ltd., focused on automotive aftermarket vehicle repair business within China.
Federal-Mogul Motorparts will be the preferred supplier to the joint venture, providing its broad portfolio of premium-branded automotive parts for distribution through a network of company-owned stores and outlets to be established by the joint venture under the brand name, Motorcare(TM).
Commenting on the joint venture, Dan Ninivaggi, CEO of Federal-Mogul Motorparts, said, “In a strategic expansion of our automotive aftermarket business in Asia Pacific, Federal-Mogul Motorparts is pleased to partner with CAIEC to build broader business channels and a platform for growth in China ensuring quality vehicle repair and technical experience from our more than 100-year history to independent service shops through the opening of an extensive network of Motorcare(TM) stores serving the independent aftermarket. We believe this market will be highly receptive to the safety, quality and reliability provided by Federal-Mogul Motorparts’ premium-branded automotive parts.”