ArvinMeritor Announces Sale of Light Vehicle Aftermarket Exhaust Business in North America
Mar 8, 2006
TROY, Mich., March 7 -- ArvinMeritor, Inc. today announced that it has sold its North American Light Vehicle Aftermarket (LVA) exhaust business based in Loudon, Tenn. and Moncton, New Brunswick, Canada, to IMCO (International Muffler Company), a producer of aftermarket exhaust systems and components based in Schulenbur ... Continue reading
Midas, Inc. Elects Alan D. Feldman President and CEO
Mar 8, 2006
ITASCA, Ill.--March 7, 2006--At its quarterly meeting today, the board of directors of Midas, Inc. elected Alan D. Feldman, 54, president and chief executive officer since joining the company in January 2003, to the additional post of chairman. He will succeed Robert R. Schoeberl, 70, who has served as chairman since S ... Continue reading
SEMA - "Stop Counterfeiting in Manufactured Goods Act" (H.R. 32)
Mar 8, 2006
WASHINGTON--March 7, 2006--SEMA, the Specialty Equipment Market Association, commended Congress for taking an important step in the global battle against counterfeiting. Today the U.S. House of Representatives completed action on the "Stop Counterfeiting in Manufactured Goods Act" (H.R. 32), which will provide addition ... Continue reading
Energy Conversion Devices, Inc. Announces Completion of Equity Offering
Mar 7, 2006
ROCHESTER HILLS, Mich., March 7 -- Energy Conversion Devices, Inc. (ECD Ovonics) announced today the completion of its previously announced public offering of 7,000,000 shares of common stock, including 6,616,928 shares sold by the Company and 383,072 shares sold by certain directors and officers. The Company received ... Continue reading
Mar 7, 2006
TROY, Mich.--March 7, 2006--GlobalAutoIndustry.com, the leading worldwide portal and intelligence source for the automotive industry, today announced the launch of GlobalAutoInsights. GlobalAutoInsights, powered by RWD Technologies Inc., provides automotive industry executives worldwide instant access to global experti ... Continue reading
Motor Adventure Destinations Included in TomTom Go
Mar 7, 2006
SAN FRANCISCO & CONCORD, Mass.--March 7, 2006--MAD (Motor Adventure Destinations) Maps, Inc., producers of regional and national scenic back road maps that feature full-color landscape relief imaging of local elevations for easy navigation, mileage markers, fuel stops, recommended road side eateries, lodging and other ... Continue reading
Dana Corporation Names Kenneth A. Hiltz Chief Financial Officer
Mar 7, 2006
TOLEDO, Ohio, March 7 -- Dana Corporation announced today that Kenneth A. Hiltz has been named Chief Financial Officer for the company. Mr. Hiltz will report to Dana Chairman and CEO Mike Burns in this role with direct responsibility for leading the advancement of Dana's global financial organization. (Logo: http://www ... Continue reading
Mar 7, 2006
FAIRFAX, Va.--March 7, 2006--ExxonMobil continues to celebrate the 80-year legacy of its Mobil Delvac heavy duty engine oils by offering its loyal customers the chance to win millions of dollars through the "Mobil Delvac-World Series of Poker Promotion." From April 1 through June 15, 2006, specially marked one-gallon b ... Continue reading
Consolidated Biofuels Gains Investment
Mar 7, 2006
DALLAS--March 7, 2006--Consolidated Biofuels, Inc. (OTC:CSBF), an alternative fuel company, announced today that it has received an initial $220,000 from a private placement of the Company's common stock. This first round of financing will provide the Company with operating expenses and other monies needed to finalize ... Continue reading
Mar 7, 2006
INDIANAPOLIS--March 7, 2006--FinishMaster, Inc. (Pink Sheets:FMST) today reported net income for the year ended December 31, 2005 of $15,647,000, or $2.01 per share (diluted), compared with net income of $13,304,000, or $1.71 per share (diluted), in the prior year. For the three months ended December 31, 2005, net inco ... Continue reading
Aluminum Surpasses Iron as Second Most Used Automotive Material Worldwide
Mar 7, 2006
Automakers increasingly turn to aluminum to improve fuel economy, safety and driving performance - Aluminum is second behind steel as the most used automotive material - In North America, the aluminum content in passenger cars and trucks averages 319 lbs - Aluminum's cost/benefit value proposition continues to improve ... Continue reading
Webasto Joins With Vaillant To Develop Fuel Cells
Mar 7, 2006
Automotive Component Supplier Partners With Heating Technology Manufacturer to Build Fuel Cells for Cars and Stationary Applications MUNICH, Germany and REMSCHEID, Germany, March 7 -- European heating technology manufacturers Vaillant Group and global automotive supplier Webasto have entered into an agreement in which ... Continue reading
China's Beiqi Foton Motor Company and Cummins Inc Explore Joint Venture
Mar 7, 2006
BEIJING--March 7, 2006--Cummins Inc. and China's Beiqi Foton Motor Company (Beiqi Foton) today announced they have signed a feasibility study plan for the formation of a 50/50 joint venture company to produce two types of light-duty diesel engines for use primarily in the commercial market. Beijing Foton Cummins Engine ... Continue reading
Visteon / Halla to Start Production in Turkey
Mar 7, 2006
GEBZE, Turkey, March 7 -- Visteon Corporation has launched production of automotive climate control components and systems in Turkey, continuing to diversify its manufacturing presence in Europe's growing automotive market. The new facility is operated by Visteon's Korean affiliate Halla Climate Control Corporation (HC ... Continue reading
Delphi Remanufactured Engine Control Modules and Powertrain Control Modules Now Available
Mar 7, 2006
TROY, Mich., March 7 -- Delphi, a major supplier of ECM/PCM units to OEMs around the world, recently announced a new line of remanufactured Engine Control Modules (ECMs) and Powertrain Control Modules (PCMs) for the independent aftermarket, building upon more than 25 years of global remanufacturing experience supportin ... Continue reading
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