China Automotive Systems Forms Joint Venture with Chery Automobile
May 4, 2006
WUHAN, Hubei, China, May 4 /Xinhua-PRNewswire/ -- China Automotive Systems, Inc., a leading power steering components and systems supplier in China, today announced that its wholly-owned subsidiary, Great Genesis, has entered a joint venture agreement with Chery Technology Ltd., a wholly owned subsidiary of Chery Autom ... Continue reading
Sixty 2005 World Excellence Awards Go to Ford's Global Suppliers
May 4, 2006
* Sixty World Excellence Awards were presented to Ford's global suppliers at the Henry Ford Museum in Dearborn for their exemplary performance during 2005 * Keynote speaker Richard Parry-Jones, Ford group vice president, Global Product Development & Chief Technical Officer, told suppliers they are part of an elite grou ... Continue reading
OKI Electric Licenses SMSC's MediaLB Technology
May 3, 2006
HAUPPAUGE, N.Y.--May 3, 2006--SMSC today announced that it has reached a licensing agreement with Oki Electric Industry Co., Ltd. enabling its controllers that target next generation in-car information equipment market, such as digital car-audio systems, to connect through SMSC's MediaLB interface to a high-performance ... Continue reading
Garmin Reports Record Quarter; Announces Two-for-One Stock Split and Cash Dividend
May 3, 2006
CAYMAN ISLANDS, May 3 -- Garmin Ltd. today announced a record first quarter ended April 1, 2006. First Quarter 2006 Financial highlights: -- Total revenue of $322.3 million, up 67% from $192.7 million in first quarter 2005 -- Automotive/Mobile segment revenue increased 252% to $150.7 million in first quarter 2006 -- Ou ... Continue reading
Nighthawk Systems Receives Order For Colorado Department of Transportation
May 3, 2006
SAN ANTONIO--May 3, 2006--Nighthawk Systems, Inc. (OTCBB: NIHK), a leading provider of intelligent wireless power control and emergency notification products, announced today that it has received an order for PT1000 intelligent remote control boards from Traffic Signal Controls, Inc. The units have been ordered for the ... Continue reading
New Ownership Strengthens ProCare Automotive
May 3, 2006
~ Monro Muffler Brake Acquires 75 ProCare Locations ~ ROCHESTER, N.Y., May 3 -- Monro Muffler Brake, Inc. ("Monro"), a trusted leader in the automotive service business for over fifty years, has acquired 75 ProCare Automotive Service Solutions ("ProCare") locations out of Chapter 11 Bankruptcy. In addition to providing ... Continue reading
Pioneer Chooses Tele Atlas To Power World's Leading In Car Navigation Systems
May 3, 2006
'S-HERTOGENBOSCH, Netherlands, May 3 -- Tele Atlas, a leading global geographic content provider, announced today it has signed an agreement with digital entertainment leader Pioneer Corporation to supply European and North American digital map data and point of interest (POI) content for Pioneer's current and future i ... Continue reading
Cooper Tire & Rubber Company Reports First Quarter 2006 Results
May 3, 2006
First Quarter Highlights - Net sales increased 16 percent to a new quarterly record - Sales from North American Tire Operations increased 7 percent - Sales from International Tire Operations increased 58 percent including record results in Europe and newly added sales in China - Investment in Kumho Tire Company of Kore ... Continue reading
Enhanced Usage of Modules to Result in Implementation of Flexible Vehicle Platform Strategies
May 3, 2006
LONDON, May 3 -- Automakers in the European automotive market are increasingly implementing platform strategies that involve the sharing and standardisation of components to optimise costs and establish an efficient manufacturing process. To this end, automakers are focusing on strategies of platform sharing across var ... Continue reading
TRW Automotive Reports First Quarter 2006 Financial Results
May 3, 2006
LIVONIA, Mich., May 3 -- TRW Automotive Holdings Corp. , the global leader in active and passive safety systems, today reported first-quarter 2006 financial results with sales of $3.4 billion, an increase of 5.3 percent compared to the same period a year ago. Net earnings for the quarter were $47 million, or $0.46 per ... Continue reading
May 3, 2006
WEST SPRINGFIELD, Mass.--May 3, 2006--The Scuderi Group, the engine development company that has designed a breakthrough Air-Hybrid Engine, announced today that it has expanded operations into the European marketplace. The company also announced that they have hired longtime auto industry finance executive Lutz Deyerli ... Continue reading
General Motors Honors DENSO as Corporation of the Year
May 3, 2006
DETROIT â May 3, 2006: Last Saturday, April 29, General Motors Corp. gave its prestigious Corporation of the Year award to DENSO Corporation during GMâs 14 th Annual Supplier of the Year ceremony. DENSO has been a supplier to GM since 1982 and supplies GM in all its commodity groups. Some of DENSOâs offe ... Continue reading
May 3, 2006
CRESCO, Iowa--May 2, 2006--Featherlite, Inc. , a leading manufacturer and marketer of specialty aluminum trailers, transporters and luxury motorcoaches, today reported net income of $1.4 million, or 12 cents per diluted share, on net sales of $60.4 million for the first quarter ended March 31, 2006. First quarter net s ... Continue reading
2006 Technology Innovation Award for Ground-Breaking Graphite Foam Battery
May 2, 2006
PEORIA, Ill.--May 2, 2006--Firefly Energy, Inc., the Peoria-based spin out of Caterpillar now developing a next generation lead acid battery technology, has announced it has received Frost & Sullivan's 2006 Technology Innovation Award for its graphite foam lead acid battery which it believes has the potential to revolu ... Continue reading
Delphi Power Sliding Door Featured On Mercedes Vito, Viano
May 2, 2006
Delphi supply of power sliding doors to European market grows to 300K this year TROY, Mich., May 2 -- With its innovative power sliding door technology, Delphi Corp. will help lighten the load for drivers and passengers of Mercedes' light duty commercial vehicle, the 2006 Vito, and multi passenger vehicle, the 2006 Via ... Continue reading
The Auto Channel content library (since 1996) has grown to become the world’s most extensive and complete interactive archive of automotive centric news, articles, reviews and intense event coverage, presented to viewers as Text, Video and Images.
