DRiV Incorporated: Company Profile

Background

DRiV Incorporated is a leading global supplier specializing in aftermarket and original equipment (OE) ride performance and braking products. Established in 2019 as a spin-off from Tenneco Inc., DRiV is headquartered in Southfield, Michigan, USA. The company operates a multi-line, multi-brand portfolio, encompassing 31 well-known aftermarket brands, with 14 brands having histories of over 100 years. DRiV's product range includes shock absorbers, struts, brake friction, and other vehicle components, serving both light and commercial vehicle markets. The company emphasizes innovation, quality, and technical training to support vehicle repair technicians and aftermarket customers. In 2025, DRiV reported annual revenues of approximately $9.2 billion, reflecting its significant scale in the automotive parts manufacturing industry.

Key Strategic Focus

DRiV's strategic focus centers on innovation, performance, brand development, and customer service. The company aims to capitalize on global trends such as the expansion of vehicles in operation, growth in intelligent suspension systems, new mobility models, and the evolution of autonomous driving. By leveraging its extensive brand portfolio and longstanding partnerships with leading original equipment manufacturers, DRiV seeks to enhance ride experiences through differentiated products and technologies.

Financials and Funding

As a privately held company, DRiV does not publicly disclose detailed financial metrics. However, in 2019, following its spin-off from Tenneco Inc., DRiV was positioned as a $6 billion start-up, combining the strengths of Tenneco, Federal-Mogul, and Öhlins. The company has since reported annual revenues of approximately $9.2 billion, indicating substantial growth and market presence.

Pipeline Development

DRiV's product development pipeline includes a broad portfolio of products in the global vehicle aftermarket, developed through the acquisition of Federal-Mogul in 2018. This acquisition expanded DRiV's brand portfolio, positioning it as one of the largest global suppliers of replacement parts to the aftermarket. The company's stable of well-respected, enduring brands includes Monroe®, Champion®, Öhlins®, MOOG®, Walker®, Fel-Pro®, Wagner®, Ferodo®, Rancho®, Thrush®, National®, Sealed Power®, Axios®, and others.

Technological Platform and Innovation

DRiV's technological platform emphasizes innovation and performance across its product lines. The company focuses on developing advanced ride performance and braking products, including intelligent suspension systems and components for electric and hybrid vehicles. DRiV also invests in technical training and customer support to enhance service delivery and customer experience.

Leadership Team

The leadership team at DRiV Incorporated includes:

Brian Kesseler: Co-CEO of Tenneco and future chairman and CEO of DRiV.

Scott Usitalo: Chief Marketing Officer, responsible for the company's branding and marketing strategies.

Massimiliano A. Milani: Executive Director of Marketing for DRiV Motorparts-EMEA, overseeing marketing initiatives in the Europe, Middle East, and Africa regions.

Competitor Profile

Market Insights and Dynamics

The automotive aftermarket and OE parts sectors have faced challenges such as supply chain disruptions, fluctuating raw material costs, and evolving vehicle technologies impacting demand. The peak in default probability around mid-2022 aligns with broader industry stress due to global supply chain constraints and inflationary pressures. However, from early 2024 onwards, improvements in supply chain stability, cost management, and market demand recovery likely contributed to the observed decline in default risk.

Competitor Analysis

Key competitors in the automotive aftermarket and OE parts sectors include:

Federal-Mogul: Acquired by Tenneco in 2018, Federal-Mogul is a leading global supplier to original equipment manufacturers and the aftermarket.

Tenneco Inc.: The parent company from which DRiV was spun off, focusing on powertrain systems technology.

Monroe: A brand under DRiV, known for ride control technology.

MOOG: A brand under DRiV, specializing in steering and suspension parts.

Wagner: A brand under DRiV, offering braking solutions.

Strategic Collaborations and Partnerships

DRiV's strategic collaborations include:

Federal-Mogul: The acquisition in 2018 expanded DRiV's brand portfolio and market reach.

Öhlins: A brand under DRiV, known for high-performance suspension systems.

Operational Insights

DRiV's operational considerations include:

Supply Chain Management: Addressing challenges such as supply chain disruptions and fluctuating raw material costs.

Product Development: Focusing on advanced ride performance and braking products, including intelligent suspension systems and components for electric and hybrid vehicles.