Modine Board of Directors Sets July 21 as Record Date for Aftermarket Business Spin Off
Jul 11, 2005
RACINE, Wis.--July 11, 2005--Modine Manufacturing Company , a diversified world leader in thermal management technology and solutions, announced today that its Board of Directors has set July 21, 2005 as the record date for the spin off of its Aftermarket business on a debt-free and tax-free basis to its shareholders a ... Continue reading
Exide Renews Contract with Largest Automotive Aftermarket Supplier in Australia and New Zealand
Jul 9, 2005
ALPHARETTA, Ga.--July 8, 2005--Exide Technologies (www.exide.com), a global leader in stored electrical-energy solutions, announced today that the Company has renewed its battery supply agreement with Repco Limited for an additional two-year period in Australia and New Zealand. Repco is the largest supplier of parts to ... Continue reading
Collins & Aikman Receives Court Approval for Customer Financing Agreement
Jul 8, 2005
Company Obtains $82.5 million in Temporary Price Increases; Commitment for $82.5 million Post-petition Financing TROY, Mich., July 8 -- Collins & Aikman Corporation announced that the U.S. Bankruptcy Court gave interim approval for the Company to enter into an agreement with certain customers to provide $82.5 million o ... Continue reading
David Treadwell Named President of EaglePicher Hillsdale Division
Jul 8, 2005
Position Effective June 30, 2005 INKSTER, Mich., July 8 -- David L. Treadwell has been named president of the Hillsdale Division of EaglePicher, Inc. Bert Iedema, EaglePicher president and CEO, made the announcement. Treadwell will oversee all operations of the manufacturer that supplies precision machined components a ... Continue reading
Asia Overtakes North America in Lubricants Consumption According to Study by Kline & Company
Jul 7, 2005
LITTLE FALLS, N.J., July 7 -- The Asia-Pacific region overtook North America as the leading region for lubricant demand on a volumetric basis in 2004, according to a study soon to be released by Kline & Company. Though consumption in both regions has been at similar levels for the last few years, 2004 marks a watershed ... Continue reading
Jul 7, 2005
Several automakers are scaling back the free-maintenance perks that traditionally accompany the purchase of a new car, as they look for ways to “trim their costs and beef up their bottom lines,” reports The Wall Street Journal. “... A growing number of manufacturers -- including some of the same brand ... Continue reading
Jul 7, 2005
TROY, Mich., July 7 -- Collins & Aikman Corporation announced today that it has established a new team of professionals to help lead the Company through the next phase of its restructuring process. This team will include Stephen F. Cooper, who has been appointed Chairman of the Company's Board of Directors; Leonard LoB ... Continue reading
LoJack Corporation Outlines Strategy to Broaden Scope of Tracking/Recovery Capabilities
Jul 7, 2005
Company Pursuing Nationwide Coverage; Migrating Network from Wideband to Narrowband WESTWOOD, Mass., July 7 -- LoJack Corporation , the global leader in recovering stolen mobile assets, today announced a strategic direction that will enable the company to establish nationwide coverage for the LoJack tracking and recove ... Continue reading
KeylessRide Launches New Line of Replacement Automotive Keyless Entry Remotes
Jul 6, 2005
One Company Manufactures Car Remotes Across All Makes ROUND ROCK, Texas, July 6 -- From Acura to Volvo and all of the makes in between, now consumers truly have a superior alternative when it comes to replacing lost original equipment keyless entry remotes for their cars or trucks. KeylessRide, the most convenient sour ... Continue reading
SmarTire Completes Major Financing
Jul 6, 2005
RICHMOND, BC, July 6 -- SmarTire Systems Inc. (OTCBB: SMTR) today announced the Company has completed a major financing with Cornell Capital Partners LP that has resulted in net proceeds of $11 million plus a $160 million Standby Equity Distribution Agreement. The Company issued convertible debentures totaling $30 mill ... Continue reading
U.S. Auto Parts Taps Financial Industry Veteran Barry Emerson as CFO
Jul 5, 2005
Will Help Guide Revenue Growth and Overall Efficiency CARSON, Calif., July 5 -- Sol Khazani, founder of U.S. Auto Parts, the nation's leading Internet direct marketer of automotive aftermarket collision replacement parts and accessories, announced today that the Company has hired Barry Emerson as the company's new Vice ... Continue reading
Mining Giant Hails Cost Savings With Prolong
Jul 4, 2005
World's Largest Underground Mine Expands Use of Prolong Grease IRVINE, Calif., July 4 -- Prolong Super Lubricants, Inc., manufacturer and marketer of patented consumer automotive, commercial/industrial and household products and a wholly owned subsidiary of Prolong International Corporation (AMEX:PRL) , (http://www.pro ... Continue reading
Jul 4, 2005
CRANFIELD, England, July 4 -- RAC Trafficmaster Telematics, the leading provider of real-time traffic information, is pleased to announce that it has concluded a 3-year agreement with Volkswagen Group United Kingdom Ltd to provide up-to-the-minute traffic information to satellite navigation systems fitted to Audi vehic ... Continue reading
Visteon and IUE/CWA Reach Tentative Agreement in Connersville
Jul 1, 2005
VAN BUREN TOWNSHIP, Mich., July 1 -- Visteon Corporation and the International Union of Electronic, Electrical, Salaried, Machine and Furniture Workers - Communications Workers of America (IUE/CWA) local 919 have reached a tentative labor agreement. (Logo: http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO ) This ... Continue reading
Johnson Controls Completes Delphi Global Battery Acquisition
Jul 1, 2005
MILWAUKEE, July 1 -- Johnson Controls, Inc. today announced it has completed the acquisition of Delphi's global battery business. (Logo: http://www.newscom.com/cgi-bin/prnh/20030423/JCILOGO ) Johnson Controls paid $202.5 million, subject to closing adjustments. In conjunction with the acquisition, Johnson Controls has ... Continue reading
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