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Standard Motor Products, Inc. (NYSE: SMP) is a manufacturer and distributor of automotive parts in the automotive aftermarket industry. The company was founded in 1919 as a partnership by Elias Fife and Ralph Van Allen and incorporated by Fife in 1926.
The automotive aftermarket is the secondary parts market of the automotive industry, concerned with the manufacturing, remanufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, equipment, and accessories, after the sale of the automobile by the original equipment manufacturer (OEM) to the consumer.
Dorman focuses on identifying parts that are frequently failing on cars, trucks and other motor vehicles in operation and developing repair and replacement products. [4] The company announced record sales in 2022. [5] In August 2022, the company began the purchase of SuperATV for $590 million in total value. [6]
MotoMaster has its own sub-brands to distinguish premium products such as "Eliminator", which distinguished premium products from their less expensive lines for items like automotive batteries, booster packs and battery charges. The 'Rough Rider' light truck tire sub-brand was replaced with 'Total Terrain' in recent years. 'Formula 1' was ...
Hyundai conceived "Concept Genesis" in 2003 and introduced its first model in 2007 as a "progressive interpretation of the modern rear-wheel drive sports sedan". [5] The body design took three years and the total cost of the program was $500 million over a development period of 23 months.
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