Roush Brings Innoviation To Replacement Car Parts
Jun 24, 2009
LIVONIA, June 23, 2009: For many companies it would be a challenge to bring a fresh approach to your typical replacement auto parts, but thatâs what ROUSH® Performance has done with their new line of service parts; this lineup includes ROUSH air and oil filters, headlamps and motor oil. The new ROUSH Oil Filter ... Continue reading
Risks for Automotive Suppliers Increasing
Jun 12, 2009
Global Automotive Barometer survey of A.T. Kearney and SupplierBusiness reveals severe sales declines, high risks for business disruptions and a lack of sustainable strategies to overcome the crisis. The opinion of suppliers about the business situation compared to two months ago has deteriorated for North America whil ... Continue reading
Pep Boys Reports First Quarter 2009 Results
Jun 8, 2009
PHILADELPHIA--The Pep Boys â Manny, Moe & Jack , the nationâs leading automotive aftermarket service and retail chain, today announced results for the thirteen weeks (first quarter) ended May 2, 2009. Sales Sales for the thirteen weeks ended May 2, 2009 were $496.5 million, as compared to $498.0 million for t ... Continue reading
Middle Market Suppliers: GM Bankruptcy Deal Must Protect Tier 2 and 3 Auto Companies
Jun 1, 2009
WASHINGTON--The Precision Metalforming Association (PMA) and the National Tooling & Machining Association (NTMA) strongly urged the U.S. government and bankruptcy courts today to ensure the continued solvency of middle market suppliers by requiring that Chapter 11 bankruptcy protection for General Motors Corporation in ... Continue reading
Uniroyal Announces Addition to the Tiger Paw Line
Jun 1, 2009
Hello, Uniroyal Tire is proud to announce the latest addition to their signature Tiger Paw line with the release of the Tiger Paw AS65. The company has long been recognized as providing durable, safe tires that handle well, all while being a great value for consumers looking to save money without sacrificing quality. T ... Continue reading
Chrysler LLC Update Regarding Current Condition of Chrysler LLC Dealer Network
May 21, 2009
AUBURN HILLS, Mich., May 21 -- The following are details on the current condition of Chrysler LLC dealer network. Comments can be attributed to Steven J. Landry, Executive Vice President, North American Marketing and Mopar Parts and Service - Chrysler LLC: "The automotive industry cannot support the number of dealers c ... Continue reading
May 14, 2009
AUBURN HILLS, Mich., May 14 -- Chrysler LLC today filed a motion with the U.S. Bankruptcy Court seeking to reject certain U.S. dealer agreements, and a list of U.S. dealer agreements to be assigned to the buyer of its business assets. Subject to Court approval, 2,392 Chrysler, Jeep(R) or Dodge dealers will continue wit ... Continue reading
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
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
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
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
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
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