Delphi reports $2.3 billion loss
Aug 16, 2006
CHICAGO August 15, 21006; David Bailey writing for Reuters reported that bankrupt auto parts maker Delphi Corp. on Tuesday reported a $2.3 billion second-quarter loss on charges related to a program to offer early retirements and buyouts to its U.S. hourly workers. Delphi, its unions and former parent General Motors Co ... Continue reading
Delphi reports $2.3 billion loss
Aug 16, 2006
CHICAGO August 15, 21006; David Bailey writing for Reuters reported that bankrupt auto parts maker Delphi Corp. on Tuesday reported a $2.3 billion second-quarter loss on charges related to a program to offer early retirements and buyouts to its U.S. hourly workers. Delphi, its unions and former parent General Motors Co ... Continue reading
Delphi Names New Chief Accounting Officer
Aug 16, 2006
TROY, Mich., Aug. 15 -- The Board of Directors of Delphi Corp. today named Thomas S. Timko, 38, as chief accounting officer (CAO), effective with the filing of its first quarter 2006 Form 10-Q filed earlier today. Prior to joining Delphi, Timko was an assistant controller for The Interpublic Group of Companies (IPG), a ... Continue reading
Speedemissions and Environmental Systems Products Sign Pilot Agreement for New Product Rollout
Aug 16, 2006
ATLANTA--Aug. 15, 2006--Speedemissions, Inc. (OTC Bulletin Board: SPMI), a leading vehicle emissions testing/safety inspections company with 35 testing stations in Atlanta, Houston and Salt Lake City, announced that it has signed a pilot joint venture agreement with ESP (Environmental Systems Products) to be one of two ... Continue reading
GKN Driveline Unveils New Electronic Differential Lock
Aug 16, 2006
AUBURN HILLS, Mich., Aug. 15 -- GKN Driveline has begun production in the United States of a new electronic differential lock for two- and four-wheel-drive vehicles that offers safety and drivability benefits for consumers. The new product is easier for drivers to use, locks faster and responds better at higher speeds ... Continue reading
Delphi Reports First Half 2006 Financial Results
Aug 15, 2006
TROY, Mich., Aug. 15 -- Delphi Corp. today reported first half 2006 financial results with revenues of $14.0 billion, and a GAAP net loss of $2.6 billion, including charges of $1.9 billion associated with the company's special attrition program. The company generated $187 million in GAAP cash flow from operations in th ... Continue reading
Aug 15, 2006
HONG KONG, Aug. 15 /Xinhua-PRNewswire-FirstCall/ -- Mainland China is expected to ship US$1.4 billion worth of brake parts in 2006 -- up 30 percent from last year, according to Global Sources' China Sourcing Report: Brake Parts ( http://www.chinasourcingreports.com/ ) . (Logo: http://www.newscom.com/cgi-bin/prnh/200303 ... Continue reading
Aug 15, 2006
WEST SPRINGFIELD, Mass.--Aug. 15, 2006-- Development of Gas and Diesel Prototypes Moving Forward; Company Secures Additional Patents in Key Global Markets; Private Funding Approaches $15 million Driven by ongoing concern about fuel efficiency and energy independence, The Scuderi Group announced today that they are seei ... Continue reading
Aug 15, 2006
DUBLIN, Ireland--Aug. 15, 2006--Research and Markets (http://www.researchandmarkets.com/reports/c40726) has announced the addition of Global Market Review of Spark Plugs and Glow Plugs - Forecasts to 2012 to their offering. A number of factors are currently affecting the spark plug and glow plug markets. Engine develop ... Continue reading
U.S. Automakers Closing Quality Gap
Aug 15, 2006
MILWAUKEE--Aug. 15, 2006--Despite rising vehicle costs and gas prices, consumers are giving the auto industry its highest perceived quality rating in a decade, according to the Quarterly Quality Report, released today by the American Society for Quality (ASQ). The personal computer category also experienced significant ... Continue reading
ACDelco Congratulates its ACDelco Extreme Makeover Promotion Winners
Aug 15, 2006
GRAND BLANC, MICH. â Many popular shows on television today transform and rebuild rooms and houses. The ACDelco Extreme Makeover promotion is the automotive aftermarketâs response, awarding winning ACDelco Total Service Support (TSS) accounts with ACDelco funding to enhance their businessâ image. ACDelco ... Continue reading
NAVTEQ(R) Electronic Horizon Technology Supports Dynamic Pass Predictor
Aug 15, 2006
Technological Innovation Makes Passing Lead Vehicles Safer CHICAGO, Aug. 14 -- NAVTEQ , a leading global provider of digital map data for vehicle navigation and location-based solutions, announced that its Electronic Horizon provides the foundation of the Dynamic Pass Predictor from the BMW group; a technology innovati ... Continue reading
Cooper-Standard Automotive Announces Second Quarter 2006 Results
Aug 15, 2006
NOVI, Mich., Aug. 14 -- Cooper-Standard Holdings Inc., the parent of Cooper-Standard Automotive Inc., today announced its second quarter 2006 financial results. Results for the period reflect the first full quarter results in our consolidated numbers of ITT Industries' automotive Fluid Handling Systems (FHS) division. ... Continue reading
Aug 15, 2006
Ultracapacitors' Burst Power Capabilities Improve Starting Performance, Extend Battery Life SAN DIEGO and DETROIT, Aug. 14 -- Alcoa AFL Automotive and Maxwell Technologies announced today that they have signed a memorandum of understanding to collaborate on the development of a cold start system for the commercial tran ... Continue reading
Motorcar Parts of America, Inc. Announces First Quarter of Fiscal 2007 Results
Aug 14, 2006
MPA Reports Record Sales and Operating Income for First Quarter LOS ANGELES, Aug. 14 -- Motorcar Parts of America, Inc. ("MPA") , a leading remanufacturer of alternators and starters for the automotive aftermarket, announced today financial results for it's first quarter fiscal 2007 ended June 30, 2006. Net sales for t ... Continue reading
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