Magna announces first quarter 2009 results
May 6, 2009
AURORA, ON, May 6 -- Magna International Inc. (TSX: MG.A; NYSE: MGA) today reported financial results for the first quarter ended March 31, 2009. ----- -- THREE MONTHS ENDED --------------------- March 31, March 31, 2009 2008 ---------- ---------- Sales $ 3,574 $ 6,622 Operating (loss) income $ (230) $ 286 Net (loss) i ... Continue reading
Meguiar's introduces the Swirlx Swirl Remover
May 6, 2009
Meguiar', the leading manufacturer of automotive surface care products, has announced the addition of the SwirlX Swirl Remover. The revolutionary liquid effortlessly removes light swirl marks, minor scratches, spider webs and holograms to create the signature, flawless Meguiar's show-car finish. ... Continue reading
Cooper Tire & Rubber Company Declares 149th Consecutive Quarterly Dividend
May 5, 2009
FINDLAY, Ohio, May 5 -- Cooper Tire & Rubber Company today announced a quarterly dividend of 10.5 cents per share on common stock, payable June 30, 2009, to stockholders of record at the close of business June 2, 2009. This will mark the 149th consecutive quarterly dividend paid by Cooper Tire & Rubber Company. (Logo: ... Continue reading
ArvinMeritor Reports Second-Quarter Fiscal Year 2009 Results
May 5, 2009
TROY, Mich., May 5 -- ArvinMeritor, Inc. today reported financial results for its second fiscal quarter ended March 31, 2009. Quarterly Highlights -- Sales of $1.1 billion, down approximately $671 million, or 38 percent, from the same period last year (down 32 percent on a constant currency basis). -- On a GAAP basis, ... Continue reading
Sonic Automotive, Inc. Schedules Release of First Quarter Results and Conference Call
May 5, 2009
CHARLOTTE, N.C., May 5 -- Sonic Automotive, Inc. today announced it will release fiscal 2009 first quarter financial results on Friday, May 8, 2009 at 7:30 A.M. (Eastern). Senior management will hold a conference call at 11:00 A.M. (Eastern). To access the live broadcast of the call over the Internet go to: www.earning ... Continue reading
2009 SAE International Congress
May 4, 2009
2009 SAE WORLD CONGRESS IN DETROIT One Measure of the Automobile Industry By Steve Purdy TheAutoChannel.com Detroit Bureau There was a time, not many years ago, that the SAE show, held every spring in the Motor City, was a huge, lively, splashy event. Not anymore. Now itâs almost painfully subdued. No more big, ex ... Continue reading
Chrysler Bankruptcy Deal Must Protect Tier 2 and 3 Auto Suppliers
Apr 30, 2009
WASHINGTON DC April 30, 2009; The Precision Metalforming Association (PMA) and the National Tooling & Machining Association (NTMA) today called on U.S. government negotiators, Chrysler officials, and others to ensure that Chapter 11 bankruptcy protection for the Chrysler Corporation recognizes the importance of the sol ... Continue reading
Tenneco Reports First Quarter Financial Results
Apr 30, 2009
LAKE FOREST, Ill.--Tenneco Inc. reported a first quarter net loss of $49 million, or $1.05 per diluted share, compared with net income of $6 million, or 13-cents per diluted share in first quarter 2008. Adjusted for the items below, the net loss was $29 million, or 61-cents per diluted share, compared with adjusted net ... Continue reading
Goodyear Reports First Quarter Financial Results
Apr 29, 2009
AKRON, Ohio, April 29 -- -- Continued weak global industry demand, peak raw material costs impact results -- First quarter sales of $3.5 billion on 20% lower tire volumes -- Revenue per tire up 3.4% as Goodyear brand continues market share gains -- Goodyear net loss is $333 million ($1.38 per share) First Quarter 2009 ... Continue reading
Rockwell Automation Reports Second Quarter 2009 Results
Apr 29, 2009
MILWAUKEE--Rockwell Automation, Inc. : Organic sales down 18 percent; total sales down 25 percent Diluted EPS of $0.29 Company revises fiscal 2009 EPS guidance to $1.40 - $1.70 Rockwell Automation, Inc. today reported fiscal 2009 second quarter revenue of $1,058.1 million, down 25 percent compared to $1,406.6 million i ... Continue reading
Bridgestone Americas Tire Operations Introduces Newest Addition To The Duravis Tire Line
Apr 28, 2009
Duravis M895 offers all-season, off-road capabilities to light truck & commercial tire line NASHVILLE, Tenn. April 28, 2009; Since its introduction in 2007, the Bridgestone Duravis⢠heavy-duty light truck commercial tire line has been providing customers with the durability and reliability they need for the toughe ... Continue reading
DENSO Announces Year-end Financial Results
Apr 28, 2009
KARIYA, Japan, April 28 -- DENSO Corporation today announced global financial results for the fiscal year ending March 31, 2009: -- Consolidated net sales totaled 3,142.7 billion yen (US$32.0 billion), a 21.9 percent decrease from the previous year. -- Consolidated operating loss totaled 37.3 billion yen (US$379.8 mill ... Continue reading
Uniroyal's Products Named Which? Best Buys
Apr 28, 2009
Uniroyal's RainSport 2 and newly launched RainExpert have been named Which? Best Buys in the consumer associations most recent tyre test. The RainSport 2 tyre also received an extra credit, a Which? exceptional value honour. ... Continue reading
Apr 27, 2009
- Q1 2009 sales of $334 million, down 53 percent from prior year and down 45 percent in local currencies, due to the continued severe slump in commercial vehicle industry - Q1 2009 gross profit margin of 17.4 percent, down from 27.8 percent a year ago; gross profit margin of 24.0 percent on a performance basis, down fr ... Continue reading
Apr 27, 2009
TROY, Mich., April 27 -- ArvinMeritor, Inc. will host a conference call and Web cast to present the company's fiscal year 2009 second-quarter financial results on Tuesday, May 5, 2009, at 4:30 p.m. (ET). To participate, call (617) 213-4854 ten minutes prior to the start of the call. Please reference pass code 85210970 ... 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.
