Cummins Reports Strong First-Quarter 2006 Earnings
Apr 28, 2006
COLUMBUS, Ind.--April 28, 2006--Cummins Inc. today reported strong first-quarter earnings of $135 million, or $2.70 per diluted share, powered by sales growth across most of its markets and product lines, and continued gross margin strength. Sales for the quarter totaled $2.68 billion. Based on its first-quarter perfor ... Continue reading
ArvinMeritor Reports Second-Quarter Net Income of $45 Million - Up $78 Million
Apr 28, 2006
Achieves Second-Quarter Earnings Per Share at Top End of Range and Updates Full-Year Outlook TROY, Mich., April 28 -- ArvinMeritor, Inc. today reported financial results for its second fiscal quarter ended March 31, 2006. Second-Quarter Fiscal Year 2006 Highlights * Net income was $45 million, or $0.64 per diluted shar ... Continue reading
Exide Technologies Tennessee Facility to Produce Batteries for Ford Motor Company
Apr 28, 2006
ALPHARETTA, Ga.--April 27, 2006--Exide Technologies (www.exide.com), a global leader in stored electrical-energy solutions, announced today that its Bristol, Tennessee facility has been approved by Ford Motor Company to produce original-equipment batteries for a number of different passenger vehicles. The Bristol allia ... Continue reading
Titan International, Inc. Reports 34% Increase in First Quarter Sales
Apr 28, 2006
QUINCY, Ill.--April 27, 2006--Titan International, Inc. in 2006, versus 10 percent ($1.2 million tax provision) in 2005, the company's first quarter net income for 2006 was $8.6 million, compared to $11.2 million for 2005. -- Titan reduced total debt by $5.5 million in the quarter including short-term debt reduction of ... Continue reading
Diamond Triumph Announces Executive Management Changes
Apr 28, 2006
KINGSTON, Pa., April 27 -- Diamond Triumph Auto Glass, Inc. ("the Company") announced today that the Company's Chief Executive Officer, Norman Harris, has decided to retire from the Company after his many years of service. Mr. Harris will continue to serve as a consultant to the Company and will also continue to advise ... Continue reading
Snap-on Incorporated Declares Quarterly Dividend
Apr 28, 2006
KENOSHA, Wis.--April 27, 2006--The Snap-on Incorporated board of directors declared today a second-quarter dividend of $0.27 per share, payable June 9, 2006, to shareholders of record on May 19, 2006. Snap-on has paid consecutive quarterly cash dividends, without interruption or reduction, since 1939. Snap-on Incorpora ... Continue reading
Minnesota Winners of Ford/AAA Auto Skills
Apr 27, 2006
BURNSVILLE, Minn.--April 27, 2006--AAA announces a two-student team from Moorhead High School - Brad Rassier and Sean Richards- won first place and $71,000 in scholarships in the Minnesota finals of the Ford/AAA Student Auto Skills contest. The team is lead by instructor Darvin Miller. The Minnesota competition was one ... Continue reading
CSK Auto Continues Growth in Key Western Markets
Apr 27, 2006
PHOENIX--April 27, 2006--CSK Auto, Inc. , operator of more than 1,270 Checker, Schuck's, Kragen, and Murray's auto parts stores throughout 22 Western and Midwestern states, celebrated the grand opening of 11 new Denver-area and Salt Lake-area stores in March and early April. "We are opening stores in existing markets l ... Continue reading
Congressional Support Tops 100 for 'Right to Repair Act'
Apr 27, 2006
102 Sponsors Support H.R. 2048 BETHESDA, Md., April 27 -- Congressional support for the Motor Vehicle Owners' Right to Repair Act (H.R. 2048) has reached more than 100 sponsors, it was announced today by Kathleen Schmatz, president and CEO of the Automotive Aftermarket Industry Association (AAIA). "This is a significan ... Continue reading
Automotive Market for Color Displays To Triple Over Next 5 Years
Apr 27, 2006
BOSTON--April 27, 2006--The new Strategy Analytics report, "Automotive Displays - Position and Information Content are the Key Issues Not Screen Size," concludes that decreasing LCD costs and increasing availability of new features on in-vehicle navigation, entertainment and driver information systems are the key facto ... Continue reading
The Timken Company Reports Strong First Quarter Results
Apr 27, 2006
CANTON, Ohio, April 27 -- The Timken Company today reported record first quarter sales of $1.35 billion, up 3 percent from the same period a year ago. First quarter net income increased 13 percent to $65.9 million, or $0.70 per diluted share, from $58.2 million, or $0.63 per diluted share, in the first quarter a year a ... Continue reading
BorgWarner Reports Record Sales in the First Quarter
Apr 27, 2006
Sales and Earnings Growth Continue to Outpace the Industry AUBURN HILLS, Mich., April 27 -- BorgWarner Inc. today reported solid results for the first quarter of 2006. The powertrain systems supplier delivered sales and earnings growth that outpaced the industry's growth around the world. BorgWarner's technology leader ... Continue reading
RVBuyingService.com Delivers Savings to Consumers Looking to Purchase a Recreational Vehicle
Apr 27, 2006
CINCINNATI--April 27, 2006--Automobile Consumer Services, Inc. (ACS), a leading provider of consumer automotive related services, has launched www.RVBuyingService.com. RVBuyingService.com offers free personal assistance with a motorhome purchase. Field-trained representatives help in the selection of a recreational veh ... Continue reading
The Club DNA - A New Way to Deter Auto Theft
Apr 27, 2006
SHARON, Pa., April 27 -- What does DNA have to do with deterring auto theft? Winner International introduces "The Club DNA Vehicle Etch Kit" to serve as a theft deterrent and a means to help track vehicles should one be stolen. In this case DNA not only refers to the unique codes used, but also serves as an acronym for ... Continue reading
Apr 27, 2006
LONDON, April 27 -- The constant strive towards improved driving performance, increased operational comfort and both improved fuel efficiency and emission characteristics, are only some of the key reasons that have driven the evolution of today's transmission technologies market. Alternative transmission technologies s ... Continue reading
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