Historical Stock Chart
3 Months : From Nov 2019 to Feb 2020
SOUTHFIELD, Mich., Nov. 27, 2019 /PRNewswire/ -- Monroe® Shocks and Struts, a leading global brand from DRiV™, has expanded its automotive ride control coverage to 3.5 million additional applications. The latest coverage expansion includes 25 new Monroe Quick-Strut® assembly part numbers, 20 of which are the first available within the aftermarket for their respective applications.
Among the first-to-market Quick-Strut part numbers are front assemblies for more than 370,000 Cadillac SRX (2010-2016) and nearly 470,000 Ford Fiesta (2014-2018) sedans. Also exclusive to the Monroe Quick-Strut range are coverage of the 2007-2013 Volvo C30 (front), 2008-2013 Volvo C70 (front), 2004-2011 Volvo S40 (front), 2005-2011 Volvo V50 (front), 2001-2006 Lexus L430 (front and rear), 2006-2007 Subaru B9 Tribeca (rear), 2008-2014 Subaru Tribeca (rear), 1999-2002 Mercury Villager (front), 1999-2002 Nissan Quest (front), 2006-2014 Mazda MX-5 (rear), 2004-2008 Mazda RX-8 (rear), 2011-2016 Scion tC (front), and 2015-2017 Chevrolet Colorado (front). Other new Monroe Quick-Strut coverage includes 2011-2018 Dodge Charger, 2014-2015 Ford Fiesta and 2008-2015 Scion xB (all front).
"We continue to aggressively expand the Monroe Quick-Strut offering to help service providers address emerging repair needs in the North American market," said Joe Robinson, director, product management, DRiV. "Each of these new part numbers represents an opportunity for auto care businesses to establish new customer relationships based on a high-quality, guaranteed repair."
Monroe also introduced two first-to-market OESpectrum® premium replacement struts covering more than 1.3 million registered vehicles. Applications for the new front struts include 2015-2017 Hyundai Sonata and 2016-2018 Kia Optima sedans.
Assembled in Monroe's North American aftermarket manufacturing facility in Paragould, Ark., Monroe Quick-Strut premium strut assemblies and OESpectrum premium struts are covered by a limited lifetime warranty and the brand's exclusive "Feel the Difference™" Guarantee money-back consumer offer. Restrictions apply. See www.monroe.com for more information.
To learn more about Monroe ride control products, visit www.monroe.com or contact a Monroe supplier. Connect with Monroe at Facebook.com/MonroeShocks, Twitter.com/MonroeShocks and Instagram.com/MonroeShocks.
About DRiV™ - the future Aftermarket and Ride Performance Company
Following Tenneco Inc.'s (NYSE: TEN) expected separation to form two independent companies, an Aftermarket and Ride Performance company (DRiV™) as well as a new Powertrain Technology company, DRiV will be one of the largest global multi-line, multi-brand aftermarket companies, and one of the largest global OE ride performance and braking companies. DRiV's principal product brands will feature Monroe®, Öhlins®, Walker®, Clevite® Elastomers, MOOG®, Fel-Pro®, Wagner®, Ferodo®, Champion® and others. DRiV would have 2018 pro-forma revenues of $6.4 billion, with 54% of those revenues from aftermarket and 46% from original equipment customers.
This release contains forward-looking statements. These forward-looking statements include, among others, statements relating to our plans to separate into two independent companies. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to materially differ from those described in the forward-looking statements, including the possibility that Tenneco may not complete the separation of the Aftermarket & Ride Performance business from the Powertrain Technology business (or achieve some or all of the anticipated benefits of such a separation); the possibility that the acquisition of Federal-Mogul or the separation may have an adverse impact on existing arrangements with Tenneco, including those related to transition, manufacturing and supply services and tax matters; the ability to retain and hire key personnel and maintain relationships with customers, suppliers or other business partners; the risk that the benefits of the acquisition of Federal-Mogul or the separation, including synergies, may not be fully realized or may take longer to realize than expected; the risk that the acquisition of Federal-Mogul or the separation may not advance Tenneco's business strategy; the risk that Tenneco may experience difficulty integrating all employees or operations; the potential diversion of Tenneco management's attention resulting from the separation; as well as the risk factors and cautionary statements included in Tenneco's periodic and current reports (Forms 10-K, 10-Q and 8-K) filed from time to time with the SEC. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Unless otherwise indicated, the forward-looking statements in this release are made as of the date of this communication, and, except as required by law, Tenneco does not undertake any obligation, and disclaims any obligation, to publicly disclose revisions or updates to any forward-looking statements. Additional information regarding these risk factors and uncertainties is detailed from time to time in the company's SEC filings, including but not limited to its annual report on Form 10-K for the year ended December 31, 2018.
Bill Dawson (DRiV) – 847.482.5807
Karen Shulhan (DRiV) – 248.354.4383
View original content to download multimedia:http://www.prnewswire.com/news-releases/monroe-expands-product-coverage-to-3-5-million-new-applications-300965911.html