Reuters: Business & Financial News
Notes Amazon Focus on Automotive Segment
“Monday January 23, 2017 “Amazon has struck supply contracts with some of the largest parts makers including
Federal-Mogul Holdings Corp FDML.O, Dorman Products Inc, Robert Bosch GmbH...”
...Shares of U.S. auto part retailers fell sharply on Monday following a report that Amazon.com Inc (AMZN.O) had set its sights on the $50 billion do-it-yourself after-market auto parts business.
...Amazon, the world's largest online merchant, is known for disrupting traditional brick-and-mortar businesses.”