Visteon Announces Fourth Quarter and Full-Year 2009 Results; Reports Net Income
For the fourth quarter of 2009, Visteon reported net income of $276 million, or $2.12 per share, on sales of $2.03 billion.
The Week in Review (Feb. 22-26, 2010)
The Week in Review offers a snapshot of the most highly read stories of the week as seen on aftermarketNews. To access the complete stories, simply click on the highlighted links. If you missed reading one of our daily news emails, just click on the link that says “News Archives” at the bottom of the page to begin catching up on the latest industry news.
U.S. Auto Parts Network Reports Fourth Quarter, Full Year Results
Company says net sales were $45.8 million, up 35.5 percent year over year.
J.D. Power and Associates Reports: Low Vehicle Sales Likely to Cause Precipitous Drop in Auto Dealer Service Visits During the Next Several Years, Reaching Low Point in 2013
Dealer service traffic volumes are expected to decline by approximately 20 percent between 2009 and 2013, resulting in a 25 percent decrease in service dollars from owners of late model year (2005 to 2009) vehicles.
Aftermarket Auto Parts Alliance Reactivates Manufacturers Advisory Council
Meetings will take place bi-annually during the Alliance Shareholder Meetings with regularly scheduled conference calls in between. Members serve staggered terms lasting up to three years.
Delphi Announces Leadership Changes
CFO John Sheehan to pursue new opportunity; Keith Stipp to be appointed acting CFO.
Hercules Tire Names Narciso Munoz Director of Credit
Munoz most recently served as divisional credit manager for Cooper Tire & Rubber Co., where he spent nearly 10 years in progressive roles ranging from international sales to credit and financial risk assessment for its tire operations.
FRAM Advantage Consumer Oil Change Incentive Announced
Participating FRAM Advantage technicians will receive a turn-key kit in the mail with coupons for handing out to customers who get their oil changed with FRAM filters.
Myers Industries Reports 2009 Fourth Quarter, Full Year Results
For the full year, net sales from continuing operations were $701.8 million for the year, a decrease of 14 percent compared to $813.5 million in 2008.
Spyker Cars Finalizes Purchase of Saab from GM
Saab and Spyker to operate under parent company Spyker Cars N.V.