Jul 29, 2011
What: Continental, a leading supplier of safety systems to the global automotive industry, invites you to experience the power of its collision mitigation technology during the Management Briefing Seminars. Continental will offer driving demonstrations in a production vehicle equipped with its short range lidar sensor ... Continue reading
Jul 29, 2011
Mercedes-Benz Financial Services USA LLC captured the highest satisfaction rankings in all three major categories of the just-released J.D. Power and Associates 2011 Dealer Financing Satisfaction Study(SM). ... Continue reading
Jul 29, 2011
Honeywell Turbo Technologies, the leading global developer of automotive turbochargers, is providing the technology auto makers need to achieve the next generation of U.S. fuel economy standards. Honeywell turbos allow manufacturers to downsize from larger engines to smaller ones which are more fuel efficient, have imp ... Continue reading
Safety Advocates Praise Senate Introduction of Motor Vehicle and Highway Safety Legislation
Jul 29, 2011
Legislation to improve the safety of vehicles, advance traffic safety laws in states and enhance consumer information has been introduced by the Democratic leaders of the Senate Committee on Commerce, Science and Transportation. Senator Mark Pryor (D-AR), Senator John D. Rockefeller (D-WV) and others are sponsoring leg ... Continue reading
Safe Kids USA Says Let's Stop Child Heat Stroke Deaths in Vehicles
Jul 29, 2011
Safe Kids USA today called on government, advocacy groups, automakers and car seat manufacturers to combine efforts to eliminate child heat stroke deaths in vehicles by 2013. "We must take action now because kids are dying," said Torine Creppy, executive director of Safe Kids USA. Â"We can tally the statistics and exp ... Continue reading
Dana Holding Corporation Reports Second-Quarter Results and Raises Full-Year Guidance
Jul 28, 2011
Dana Holding Corporation today announced its second-quarter 2011 results, including net income of $68 million and adjusted EBITDA of $201 million, which compared to $9 million and $154 million, respectively, for the prior-year period. ... Continue reading
Sofcoast Names Scott Swanson Executive Vice President
Jul 28, 2011
Sofcoast, Inc., designer and manufacturer of the ASAP XP MAKO hybrid air vehicle is pleased to announce that Mr. Scott Swanson has joined the Sofcoast team, as Executive Vice President, effective June 20, 2011. Within this role, Mr. Swanson will be leading Federal Sales. Sofcoast Founding CEO, John Surmont, stated, "So ... Continue reading
Tenneco to Webcast Presentation at the 2011 J.P. Morgan Auto Conference
Jul 28, 2011
Tenneco will participate in the 2011 J.P. Morgan Auto Conference to be held in Detroit, Michigan on Wednesday, August 10, 2011. Tenneco's Chairman and Chief Executive Officer, Gregg Sherrill, will present at 10:05 am ET. ... Continue reading
ConocoPhillips Reports Second-Quarter Earnings of $3.4 Billion or $2.41 Per Share
Jul 28, 2011
ConocoPhillips today reported $3.4 billion second-quarter earnings and $3.4 billion adjusted earnings. This compares with second-quarter 2010 earnings of $4.2 billion and adjusted earnings of $2.5 billion. We had a solid quarter," said Jim Mulva, chairman and chief executive officer. ... Continue reading
Goodyear Reports Higher Second Quarter Earnings on 24% Sales Growth
Jul 28, 2011
The Goodyear Tire & Rubber Company today reported record sales and higher earnings for the second quarter of 2011. "I'm very pleased with our outstanding second quarter results, which represent another step on the path toward our 2013 targets," said Richard J. Kramer, chairman and chief executive officer. "They present ... Continue reading
Lentuo Announces Two New Dealerships in China
Jul 28, 2011
Lentuo International Inc. ("Lentuo" or the "Company"), the largest non-state-owned automobile retailer in Beijing as measured by new vehicle sales revenue, today announced it has completed the acquisition of Huizhou FAW-Volkswagen Sales and Service Ltd. Co. ("Huizhou FAW-VW") and signed a binding Letter of Intent ("LOI ... Continue reading
BorgWarner Reports Second Quarter U.S. GAAP Earnings of $1.31 Per Diluted Share
Jul 28, 2011
BorgWarner Inc. today reported second quarter 2011 U.S. GAAP earnings of $1.31 per diluted share. Excluding non-recurring items, earnings were $1.12 per diluted share, a new record for the company, up 44% from $0.78 per diluted share in second quarter 2010. Sales were up 28% from second quarter 2010, while global vehic ... Continue reading
Exxon Mobil Corporation Declares Third Quarter Dividend
Jul 28, 2011
The Board of Directors of Exxon Mobil Corporation today declared a cash dividend of 47 cents per share on the Common Stock, payable on September 9, 2011 to shareholders of record of Common Stock at the close of business on August 12, 2011. This third quarter dividend is at the same level as the dividend paid in the sec ... Continue reading
Dealer Satisfaction with Lenders Increases from 2010, Led by Improvement by Banks
Jul 28, 2011
Dealer satisfaction with automotive financing lenders has increased notably in 2011, with improvement by certain banks outpacing gains by captive lenders, particularly in the prime retail credit space, according to the J.D. Power and Associates 2011 U.S. Dealer Financing Satisfaction Study(SM) released today. ... Continue reading
Jul 28, 2011
SPX Corporation's Service Solutions business unit today announced the worldwide availability of the company's next generation Robinair AC1234 Automotive Air Conditioning Recovery machines for vehicle servicing. Additionally, the company announced that two of its new Robinair units (AC1234-7 and AC1234-8) have recently ... Continue reading
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