Tenneco, FAW Sihuan Form New Chinese Joint Venture to Supply Emission Control Systems
The JV has three partners — Tenneco with a 41 percent equity share, FAW Sihuan with a 49 percent share and Tenneco Tongtai (Dalian) Exhaust System Company Ltd. with a 10 percent share.
Indy Racing League Re-Launches Official Web Site
The Indy Racing League has partnered with RACERSITES to create the new indycar.com. RACERSITES has provided design and development. The Indy Racing League will produce all editorial content for the site as well as overall strategy.
GM Recalls Compact Cars to Fix Power Steering Assist
Safety recall covers 1.3 million Chevrolet and Pontiac models.
Cooper Tire & Rubber Co. Reports Improved Fourth Quarter Results
Company reports net sales increase of 22 percent.
AutoZone Posts Second Quarter Sales Increase of 4 Percent
Net income for the quarter increased $7.5 million, or 6.4 percent, over the same period last year to $123.3 million, while diluted earnings per share increased 21.2 percent to $2.46 per share from $2.03 per share in the year-ago quarter.
Dana Reports Fourth Quarter, Full Year 2009 Results
Company increased total cash to $947 million, reduced net debt by $418 million in 2009.
Pennzoil Introduces Its Most Advanced Synthetic, Pennzoil Ultra
New Hyper Cleansing Technology keeps engines closer to factory clean to help consumers protect their vehicle investments and increase engine efficiency.
Accuride Emerges from Chapter 11 Bankruptcy
As outlined in the plan, Accuride exits bankruptcy with a more flexible capital structure including a $308 million term loan and $140 million of convertible notes. All unsecured trade creditors will be paid in full for valid claims.
Valvoline and Cummins Filtration Form Alliance to Market Air Shield Diesel Exhaust Fluid (DEF)
Fleetguard-Valvoline Air Shield DEF will be offered through the Cummins and Valvoline distribution channels in the United States and Canada beginning in April 2010.
The Pulse: Shop Equipment Purchase Intentions at Independent Repair Shops
In this installment of “The Pulse,” we take a closer look at data from IMR Inc. showing shop equipment purchase intentions at independent repair shops for the years 2008 and 2009.