Cooper Tire is Recalling Cooper CS4 Touring (VR) Tires
Dec 14, 2008
NHTSA Campaign ID Number: 08T029 Synopsis: Cooper Tire is recalling Cooper CS4 Touring (VR) tires, size 215/55R17, produced between September 7 and October 11, 2008. These tires may have been cured for an inadequate amount of time. This condition can lead to tread separation, possibly resulting in loss of vehicle contr ... Continue reading
BorgWarner Reduces 2008 Earnings Guidance To Reflect Global Auto Industry Free-Fall
Dec 13, 2008
AUBURN HILLS, Mich., Dec. 11 -- BorgWarner today reduced its earnings guidance for 2008 to a range of $1.85 to $1.95 per share before special items. Guidance was reduced to reflect rapidly deteriorating conditions in the auto industry that continue in every geographic region of the world. Previous guidance was $2.25 to ... Continue reading
The U.S. Auto Industry Feeding Trough is Closed
Dec 12, 2008
Auto Central December 12, 2008; Over the past couple of days I have vacillated between support for the U.S. auto industry bailout and the "enough is enough" let them go away as failed entities...but then I thought of all of my fellow Americans who have given their working lives over to companies and leaders who have co ... Continue reading
Precision Parts International to Begin Winding Down Operations
Dec 12, 2008
Files Voluntary Chapter 11 to Assure Orderly Wind-down Process PPI will Consider Asset Sales as Part of Filing ROCHESTER HILLS, Mich., Dec. 12 -- Precision Parts International, LLC ("PPI"), a leading designer and manufacturer of high-precision metal components and subassemblies, specializing in metal-forming process te ... Continue reading
Machinists Union Blames McConnell, Shelby and Corker for Killing Auto Rescue Plan
Dec 12, 2008
WASHINGTON, Dec. 12 /PRNewswire-USNewswire/ -- The International Association of Machinists and Aerospace Workers (IAM) today rejected attempts by a trio of Senate Republicans to deny responsibility for their campaign to force General Motors, Chrysler and Ford into bankruptcy and possible liquidation. "In a move worthy ... Continue reading
All-New Toyota Prius to Make World Debut at 2009 North American International Auto Show
Dec 12, 2008
TORRANCE, Calif., Dec. 12 -- Toyota Motor Sales (TMS), U.S.A., Inc. will stage the world premiere of the all-new 2010 Toyota Prius at a press conference at the 2009 North American International Auto Show in Detroit. The all-new Toyota Prius, with a substantially revised Hybrid Synergy Drive system, will deliver improve ... Continue reading
Suppliers Express Dismay as Senate Fails to Act on Auto Loan
Dec 12, 2008
WASHINGTON, Dec. 12 /PRNewswire-USNewswire/ -- The Motor & Equipment Manufacturers Association (MEMA) expressed its dismay and disappointment as the Senate did not secure the votes necessary to pass financial assistance to the automotive industry. MEMA had urged the Senate to support the legislation in hopes of prevent ... Continue reading
Sauer-Danfoss Inc. Announces Sale of AC Motor Business and Revises 2008 Earnings Guidance
Dec 12, 2008
- AC Motor Business to be Sold to Schabmuller GmbH - Earnings also Impacted by Further Deterioration of Markets CHICAGO, Dec. 12 -- Sauer-Danfoss Inc. today announced that it has entered into an agreement to sell its AC motor business, primarily operating out of Odense, Denmark, to Schabmuller GmbH in Berching, Germany ... Continue reading
Autoliv Adjusts Guidance - Accelerates Action Program
Dec 12, 2008
STOCKHOLM, Sweden--Regulatory News: Autoliv Inc. (STO:ALIV) â the global leader in automotive safety systems â today announced being ahead of schedule in reducing costs. However, the reductions in global light vehicle production for the current quarter will be significantly worse than previously anticipated. ... Continue reading
Britax Recalling Certain Frontier Child Restraint Systems
Dec 12, 2008
NHTSA Campaign ID Number: 08C010 Synopsis: Britax is recalling certain Frontier child restraint systems, Models E9L54E7 (Frontier Red Rock), E9L54H6 (Frontier Rushmore), E9L54H7 (Frontier Pink Sky), E9L54M6 (Frontier Canyon), and E9L5490 (Frontier Sahara), manufactured between April 1 and September 18, 2008. If the har ... Continue reading
Edge Products Wins Fuel Economy Challenge
Dec 11, 2008
Ogden, UT December 10, 2008: Edge Productsâ Evolution programmer received special recognition at the 2008 SEMA show in Las Vegas as a winner of the SEMA/Auto Club of Southern California Fuel Economy Challenge, proving you donât have to give up performance to get good fuel economy. Over 15 SEMA member companie ... Continue reading
Cummins Revises 2008 Outlook to Reflect Worsening Economic Conditions
Dec 11, 2008
COLUMBUS, Ind.--Cummins Inc. today revised its outlook for 2008 due to the continuing decline in many of its key markets around the world. The Company now expects 2008 sales to increase by 9 percent over 2007, compared to its previous guidance of a 12 percent increase. Earnings Before Interest and Taxes (EBIT) is forec ... Continue reading
American Axle & Manufacturing Announces Joint Venture with JAC Group Subsidiary in China
Dec 11, 2008
DETROIT, Dec. 11 -- American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, today announced that it has entered into an agreement, through one of its subsidiaries, to form a joint venture with Hefei Automobile Axle Co, Ltd., (HAAC), a subsidiary of the JAC Group (Anhui Jianghuai Automobi ... Continue reading
Friction Holdings Announces Closure of Business
Dec 11, 2008
CRAWFORDSVILLE, Ind.--Friction Holdings LLC (âFriction Holdingsâ) today announced that it intends to cease all operations on or about February 28, 2009. Friction Holdings has operations in Crawfordsville, IN and Greenwood, MS. The planned action will affect 461 employees in Crawfordsville, IN and 171 in Green ... Continue reading
LG Chem and STMicroelectronics Drive to Improve Battery Technologies for Hybrid Electric Vehicles
Dec 11, 2008
Hi, Please find below the text of an announcement released today, December 11, 2008. LG Chem and STMicroelectronics Drive to Improve Battery Technologies for Hybrid Electric Vehicles Geneva, December 11, 2008 ââ¬â STMicroelectronics , one of the worldââ¬â¢s leading semiconductor suppliers, and LG ... Continue reading
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