Commercial Vehicle Group Expanding Manufacturing Facility in Mexico
Commercial Vehicle Group (CVG) has announced plans to expand its Electrical/Mechanical Division (EMD) by adding a 175,000-square-foot manufacturing and technology facility in Agua Prieta, Mexico. The new facility will consolidate three existing facilities currently operating in Agua Prieta and provide for future growth and expansion.
Commercial Vehicle Group Named to New NASDAQ Global Select Market
Beginning July 3, Commercial Vehicle Group, Inc. (CVGI) will be included in the new NASDAQ Global Select Market. Prior to the change, the company had been listed on the NASDAQ National Market. CVGI joins other motor vehicle related businesses such as Monro, which was also recently named to the new index. NASDAQ announced the new three tier listing classification in February.
Commercial Vehicle Group Named a BusinessWeek Top 100 Hot Growth Stock
Commercial Vehicle Group, a supplier of interior systems, vision safety solutions and other cab-related products for the global commercial vehicle market, including the heavy-duty (Class 8) truck market, has been selected from among thousands of public companies as a Top 100 Hot Growth Stock by BusinessWeek magazine.
Commercial Vehicle Group Reports First Quarter 2006 Results
Commercial Vehicle Group reported revenues of $229.3 million for the first quarter, which ended March 31, up 50.5 percent compared to $152.4 million in the prior-year period. Operating income for the first quarter was $25.5 million, a 52.7 percent increase, compared to $16.7 million last year. Net income for the quarter was $13.4 million, or 62 cents per diluted share, compared to $10.9 million, or 59 cents per diluted share, in the prior-year quarter. Fully diluted shares outstanding for the quarter were 21.5 million compared to 18.3 million in the prior-year quarter.
Commercial Vehicle Group Division Achieves Diamond Supplier Recognition
Mayflower Vehicle Systems of Norwalk, OH, a division of the Commercial Vehicle Group, Inc., was recently recognized as a 2005 Diamond Supplier to the International Truck and Engine Corp. Diamond Supplier recognition is granted to suppliers who meet or exceed International’s performance expectations for quality, delivery and cost.
Commercial Vehicle Group Announces New Vice President and General Manager
Bill Haushalter has joined the Commercial Vehicle Group (CVG) as the new vice president and general manager of the CVG Electrical/Mechanical Division. Commercial Vehicle Group supplies interior systems, vision safety solutions and other cab-related products for the global commercial vehicle market, including the heavy-duty (Class 8) truck market, the construction market and other specialized transportation markets.
Commercial Vehicle Group Names New VP of Strategy
Commercial Vehicle Group (CVG), a supplier to the heavy truck, construction, agriculture and marine industries, recently announced that Bryan Stiles has moved into the role of vice president of North American strategic business development. Stiles, previously the vice president of operations and engineering for national seating, will be charged with leading and managing strategic business launches in North America, expanding new business development opportunities and managing growth initiatives.
Commercial Vehicle Group Announces Company Realignment
Commercial Vehicle Group, Inc., a supplier to the heavy truck, construction, agriculture and marine industries, recently announced the creation of three specialized product divisions designed to realign their companies by product segment.
Commercial Vehicle Group Promotes Five Executives to Vice President Positions
Commercial Vehicle Group (CVG), a supplier of interior systems, vision safety solutions and other cab-related products for the global commercial vehicle market, recently promoted five members of its sales team to vice president customer sales. According to Mervin Dunn, CVG president and CEO, the company is experiencing a growth spurt and the addition of these roles will ensure continued, focused commitment to the company’s customers.