by Bennett Oghifo
A firm, 234 Parts Ltd., has introduced online platform, www.234parts.com for the automobile sector, to connect spare parts buyers and sellers, dealers, auto workshops and car owners.
According to the Managing Director 234 Parts Ltd., Mr. Godson Madu, “The website – www234parts.com boasts of over 370,000 car parts listings with 28,000 unique products from over 6,000 spare parts dealers across major spare part markets in Ladipo, Tin Can, Ojuelegba in Lagos, Abuja, Kaduna, Kano and Port- Harcourt.
Madu said, “www234 Parts.com inventory ranges from auto parts, lubricants, batteries, tools, wheels and tyres,” stating that the site is very easy to navigate and has been designed to make the process of buying quality replacement of parts easy and convenient by providing multiple spare parts options and price comparison to owners, while also enhancing the product visibility of the spare part dealers.”
The troubled rebirth of TVR has gained a new lifeline, securing a £2m funding boost to help secure the future of the brand and get its new Griffith to market. While this is well short of the £25m TVR has been aiming to raise in order to get its facilities in Wales up and running, this is at least a glimmer of hope for the troubled brand after years of inactivity due to fiscal complications.
The first cars were due for delivery in early 2019, and all looked healthy with a £40m order bank and secured funding from both financial partners and the Welsh government, but now some two years after that initial deadline, its Ebbw Vale factory remains untouched.
CMA breaks up motor parts merger
The CMA will require TVS Europe Distribution to sell 3G in order to protect competition in the commercial vehicle and trailer parts sector.
From:
12 January 2021
The CMA will require TVS Europe Distribution to sell 3G in order to protect competition in the commercial vehicle and trailer parts sector.
Following an in-depth Phase 2 investigation, the Competition and Markets Authority (CMA) has concluded that TVS Europe Distribution Limited, which owns Universal Components UK Limited (Universal Components), must sell the competing 3G Truck & Trailer Parts Ltd (3G) business it purchased in February 2020.
In its final report, published today, the CMA found that Universal Components and 3G currently compete closely to supply replacement parts for commercial vehicles and trailers to motor factors (local distributors), who in turn sell on to independent garages and repairers in the UK.