Chrysler Financial Given Access to $1.5 Billion in TARP Loans
Chrysler Financial offers vehicle wholesale and retail financing to more than 3,600 Chrysler, Jeep and Dodge dealers.
Penda and Durakon Industries to Merge
The name of the new entity will be Penda Corp., with headquarters in Portage, Wis.
GreenHunter Biodiesel Approved by EPA for On-Road Use in the United States
This approval by the EPA significantly improves GreenHunter Energy’s biodiesel distribution capabilities in the U.S.
Yokohama Tire Corp. Announces Organizational Changes
MacMaster named chief operating officer; Quinn promoted to vice president, operations.
Delphi Receives Court Approval to Sell Global Exhaust Business
Mexican investment firm selected as lead bidder for the business.
Aftermarket Auto Parts Alliance Holds Annual Meeting and Vendor Awards Banquet
During the Annual Awards Banquet, outstanding vendors were recognized.
AutoZone First Quarter Sales Increase 1.6 Percent
Operating income for the quarter increased $1.2 million, or 0.5 percent, over the same period last year to $238.5 million, while diluted earnings per share increased 10.1 percent to $2.23 per share from $2.02 per share in the year-ago quarter.
EaglePicher Sells Hillsdale Automotive to Cerion LLC
Renamed Metavation, the company will focus on industry diversification.
ArvinMeritor Confirms Plans for Sale of Light Vehicle Systems Business
In May, the company announced a plan to spin-off its Light Vehicle Systems business to ArvinMeritor shareholders, with the Commercial Vehicle Systems business remaining with ArvinMeritor.
Delphi Selling Exhaust Business to Mexican Investment Firm
The sale is barring any higher offers that may come up at a court supervised auction, according to a report from the Detroit Free Press.