BorgWarner Declares Quarterly Dividend
Oct 23, 2008
AUBURN HILLS, Mich., Oct. 23 -- The board of directors of BorgWarner Inc. declared a quarterly dividend of $0.11 per share on all of the company's issued and outstanding common stock. The dividend is payable November 17, 2008 to stockholders of record on November 03, 2008. Auburn Hills, Michigan-based BorgWarner Inc. i ... Continue reading
China Automotive Systems Announces Management's Plans to Purchase Company Shares
Oct 23, 2008
WUHAN, Hubei, China, Oct. 23 /Xinhua-PRNewswire/ -- China Automotive Systems, Inc. , ("China Automotive" or "Company") a leading power steering components and systems supplier in China, today announced that its founder and Chairman, Mr. Hanlin Chen, Chief Executive Officer, Mr. Qizhou Wu, Chief Financial Officer, Mr. J ... Continue reading
Spartan Motors Highlights Third Quarter Results
Oct 23, 2008
CHARLOTTE, Mich., Oct. 23 -- -- Net sales of $237.5 million, up 59.5% compared to third quarter 2007 -- Net earnings of $0.45 per diluted share, up 462.5% year-over-year -- Return on invested capital of 35.3%, up 315.3% year-over-year -- Gross margin of 18.1%, up 53.4% year-over-year -- Consolidated backlog of $183.8 m ... Continue reading
Spartan Motors Announces Second Regular Cash Dividend Payment for 2008
Oct 23, 2008
CHARLOTTE, Mich., Oct. 23 -- Spartan Motors, Inc. today announced its regular dividend payment of $0.05 per common share, payable on Dec. 17, 2008 to shareholders of record at the close of business on Nov. 17, 2008. In April 2008, the board of directors for the Charlotte, Mich.-based manufacturer of custom chassis and ... Continue reading
WABCO Announces Joint Venture With Fuwa for Manufacturing of Air Disc Brakes in China
Oct 23, 2008
BRUSSELS, Belgium, October 23 -- WABCO Holdings Inc. (http://www.wabco-auto.com/) , a global technology leader and tier-one supplier to the commercial vehicle industry, today announced that WABCO has signed a letter of intent with GuangDong Fuwa Engineering Manufacturing Co., Ltd., (Fuwa) to form a joint venture for pr ... Continue reading
Johnson Controls Reports Record 2008 Results
Oct 23, 2008
MILWAUKEE, Oct. 23 -- Johnson Controls, Inc. today reported record sales of $38.1 billion for its 2008 fiscal year, up 10% from $34.6 billion in 2007, reflecting growth in the company's Building Efficiency, Power Solutions and Automotive Experience businesses. (Logo: http://www.newscom.com/cgi-bin/prnh/20070930/AQSU001 ... Continue reading
Chrysler LLC Clarifies Daimler AG's Third Quarter 2008 Earnings
Oct 23, 2008
AUBURN HILLS, Mich., Oct. 23 -- Today, Daimler AG reported a net loss of euro 351 million for its 19.9 percent share of Chrysler Holding LLC's second quarter 2008 results under International Financial Reporting Standards (IFRS). On a U.S. GAAP basis, Daimler AG's net loss for Chrysler Holding LLC was euro 88 million, o ... Continue reading
FAW-Toyota, Changan Ford cut '08 sales target
Oct 23, 2008
FAW-Toyota, Changan Ford cut '08 sales target http://www.gasgoo.com/auto-news/1008137/FAW-Toyota-Changan-Ford-cut-08- sales -target.html Shanghai, October 23 (Gasgoo.com) FAW-Toyota, Changan Ford and some automakers in China has cut their sales target for 2008 due to auto market slowdown, Beijing Times said today, citi ... Continue reading
Advance Auto Parts to Report Third Quarter Results on October 29, 2008
Oct 23, 2008
ROANOKE, Va.--Advance Auto Parts, Inc. , a leading automotive aftermarket retailer of parts, batteries, accessories and maintenance items, will report its third quarter 2008 financial results after market close on Wednesday, October 29, 2008. The company will detail its results on a conference call scheduled to begin a ... Continue reading
Oct 23, 2008
TROY, Mich., Oct. 22 -- ArvinMeritor, Inc. will host a conference call and Web cast to discuss the company's fourth-quarter and full-year results for fiscal year 2008 on Tuesday, Nov. 18, 2008, at 9 a.m. (ET). To participate, call (888) 680-0890 ten minutes prior to the start of the call. Please reference participant P ... Continue reading
Parker Declares Quarterly Cash Dividend
Oct 23, 2008
CLEVELAND, Oct. 22 -- Parker Hannifin Corporation , the global leader in motion and control technologies, today announced that its Board of Directors has declared a regular quarterly cash dividend of 25 cents per share of common stock to shareholders of record as of November 20, 2008. The dividend is payable December 5 ... Continue reading
Commercial Vehicle Group Reports Third Quarter 2008 Results
Oct 23, 2008
NEW ALBANY, Ohio, Oct. 22 -- Commercial Vehicle Group, Inc. today reported revenues of $192.9 million for the third quarter ended September 30, 2008, compared to revenues of $160.9 million for the third quarter of 2007. Operating income for the third quarter was $0.5 million compared to $2.8 million for the third quart ... Continue reading
Cummins Salutes Diverse Suppliers
Oct 22, 2008
COLUMBUS, Ind.--Five companies, including three from Indiana have been named as Cummins Inc.âs first Diverse Suppliers of the Year. The companies were honored at a recent dinner and trade show attended by top Cummins officials including Chairman and Chief Executive Officer Tim Solso, Vice Chairman Joe Loughrey and ... Continue reading
X-Rite Announces Conference Call for Third Quarter 2008 Financial Results
Oct 22, 2008
GRAND RAPIDS, Mich.--X-Rite, Incorporated will hold a conference call to discuss the financial results of the third quarter of 2008. The call will be held in conjunction with the companyâs earnings release, which will be published before the market opens on November 4, 2008. Date: Tuesday, November 4, 2008 Time: 1 ... Continue reading
Electric Vehicle Company RTEV Announces New President
Oct 22, 2008
Former Miles Electric Vehicles CEO Jeff Boyd Tapped to Lead Wheego Street Division ATLANTA, Oct. 22 -- Ruff and Tuff Electric Vehicles (RTEV) today announced the hiring of Jeff Boyd to the position of President of the Wheego Street Division. Boyd will be responsible for all aspects of the company's launch into electric ... Continue reading
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