DTE Energy Invests in Advanced Battery Maker A123Systems
May 13, 2009
DETROIT, May 13 -- DTE Energy Ventures recently made an equity investment in Massachusetts-based A123Systems, which is developing lithium ion batteries for automotive applications and announced plans to open a manufacturing plant in Livonia, Mich. The company also is developing batteries that can be used on the electri ... Continue reading
Vauxhall Announces Extended Warranty on Starters And Alternators
May 13, 2009
Vauxhall Aftersales is pleased to announce that with immediate effect the warranty on all its starters and alternators will be extended from the standard one year to two years. ... Continue reading
Organising with System - Tidying up the Vehicle with Volkswagen Accessories
May 12, 2009
The optimum storage of small parts in the vehicle is not only important for protecting the passengers when manoeuvring around obstacles and with emergency braking. Accessory packages from Volkswagen Accessories for storing and for transporting provide additional order in the vehicle and ensure for a useful space utilis ... Continue reading
Congress Set to Needlessly Destroy Millions of Potential Replacement Car Parts
May 12, 2009
FAIRFAX, Va., May 12 -- Over the past week, environmentalists have been strongly expressing their disappointment regarding the "Cash for Clunkers" compromise legislation announced by Democrat lawmakers and President Barack Obama. In prominent media outlets such as the NewYorkTimes.com, they warn that the $4 billion tax ... Continue reading
May 9, 2009
Congress Seeking to Destroy Millions of Replacement Car Parts While Questions Abound on New Parts Supply Chain Viability FAIRFAX, Va., May 9 -- All across the world, governments are implementing early vehicle retirement programs that are intended to help struggling automakers. This year already, two accelerated vehicle ... Continue reading
Sonic Automotive, Inc. Reports Solid First Quarter Earnings
May 8, 2009
Sets New Car Market Share Records, Raises its Annualized Cost Reduction Target to $135 Million CHARLOTTE, N.C., May 8 -- Sonic Automotive, Inc. , the nation's third-largest automotive retailer, today reported that 2009 first quarter earnings from continuing operations were $5.4 million, or $0.13 per diluted share, befo ... Continue reading
Harbin Electric Announces First Quarter 2009 Results
May 8, 2009
HARBIN, China, May 8 /PRNewswire-Asia-FirstCall/ -- Harbin Electric, Inc. (or the "Company", Nasdaq: HRBN), a leading Chinese developer and manufacturer of a wide array of electric motors, today announced its financial results for the first quarter of 2009. Financial Summary: First Quarter 2009 versus First Quarter 200 ... Continue reading
EnerDel Signs Letter of Intent to Supply Lithium-Ion Batteries to Fisker Automotive
May 8, 2009
Indiana Senator Bayh to Cut Ribbon at EnerDel on First Mass Production Lithium-ion Battery Line in U.S. INDIANAPOLIS, May 8 -- Batteries from EnerDel, the only U.S. lithium-ion car battery manufacturer with commercial-scale production capability, may power the Fisker Karma, scheduled to be the first plug-in hybrid elec ... Continue reading
Dana Holding Corporation Reports First-Quarter 2009 Results, Announces Debt Repurchase Program
May 7, 2009
- Market weakness drives 47-percent sales decline compared to first quarter of 2008 - Operations aggressively right-sizing to new production levels - 2009 plan on track despite weak global markets TOLEDO, Ohio, May 7 -- Dana Holding Corporation today announced its first-quarter 2009 results. (Logo: http://www.newscom.c ... Continue reading
Accuride Corporation Reports First Quarter Results for 2009
May 7, 2009
EVANSVILLE, Ind.--Accuride Corporation (OTCBB: AURD), a leading manufacturer and supplier of commercial vehicle components, today announced its financial results for the first quarter ended March 31, 2009. The Company reported results of $143.6 million in net sales for the first quarter of 2009, compared to $238.2 mill ... Continue reading
First Mass Manufacturing Line in the U.S. for Lithium-Ion Automotive Batteries
May 7, 2009
lithium-ion automotive battery packs, the key energy component for next-generation electric cars and hybrids, at EnerDel on Friday, May 8, at 12:00 noon. Senator Bayh, an active supporter in Washington of electrifying American automotive transportation, will cut the ribbon on the new installation at EnerDel, which is t ... Continue reading
Goodyear Announces Pricing of $1 Billion of Senior Notes
May 6, 2009
AKRON, Ohio, May 6 -- The Goodyear Tire & Rubber Company today announced that it has priced its offering of $1 billion aggregate principal amount of 7-year senior notes. The notes will be senior unsecured obligations of the company. They will be sold at 95.846% of the principal amount and will bear interest at a rate o ... Continue reading
TRW Reports First Quarter 2009 Financial Results
May 6, 2009
LIVONIA, Mich., May 6 -- TRW Automotive Holdings Corp. , the global leader in active and passive safety systems, today reported first-quarter 2009 financial results, which reflect the unprecedented decline in global vehicle production during the quarter. The Company reported sales of $2.4 billion, a decrease of 42.3 pe ... Continue reading
Cooper Tire & Rubber Company Reports First Quarter 2009 Results
May 6, 2009
FINDLAY, Ohio, May 6 -- Cooper Tire & Rubber Company today reported a net loss of $21 million, or 36 cents per share, for the quarter ended March 31, 2009. Net sales for the period were $571 million, down $108 million from the prior year same quarter. The decreased revenues were driven by volume declines offset by impr ... Continue reading
Standard Motor Products, Inc. Announces First Quarter 2009 Results
May 6, 2009
NEW YORK, May 6 -- Standard Motor Products, Inc. , an automotive replacement parts manufacturer and distributor, reported today its consolidated financial results for the three months ending March 31, 2009. Consolidated net sales for the first quarter of 2009 were $172.2 million, compared to consolidated net sales of $ ... Continue reading
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