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Hollywood Hot Rods Debuts Raybestos ’32 Roadster Pickup

Less than two weeks remain to enter to win the hot rod at RaybestosGarage.com.

Johnson Controls Revenues Increase 22 Percent

The company also said earnings for fiscal 2010 are expected to be at the high end of its previously disclosed guidance.

Visteon to Share Technical Expertise at SAE 2010 World Congress

Four Visteon experts will present technical papers, and one will co-chair a technical session during the annual event. Visteon also will participate in the SAE Detroit Section Meeting from 5-7 p.m. on April 14, showcasing its climate and electronics content on the 2011 Ford Fiesta.

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.

IAC Acquires Stankiewicz U.S. Flooring Operations

Purchase reinforces interior supplier’s market segment leadership, according to the company.

Johnson Controls Reports 2009 Third Quarter Earnings; Says Further Improvements in Profitability Expected in Fourth Quarter

Among Johnson Controls’ various business segments, Automotive Experience sales in the quarter declined 38 percent to $3 billion versus $4.8 billion last year due to significantly lower production volumes globally.

Visteon Announces Fourth Quarter and Full Year 2008 Results

For the full year 2008, Visteon reported a net loss of $663 million.

Schaeffler Concludes Takeover of Continental AG

As a result of all the recent share trading, Schaeffler Group holds 49.9 percent of the voting stock of Continental AG and is therefore the company’s largest shareholder.

Visteon Announces Third-Quarter 2008 Results and Additional Cost-Reduction Actions

Third quarter 2008 product sales declined by $400 million from the same period a year ago, primarily reflecting the impact of lower customer production volumes and plant closures and divestitures.

Schaeffler Likely to Take Control of Continental AG in 2010

Schaeffler Group is likely to wait until 2010 before it takes full control of Continental AG, German radio station NDR1 reported on July 16, just a day after Continental rejected the smaller company’s $17.7 billion takeover run. The report, which didn’t cite any sources, suggests that Schaeffler will wait until the lion’s share of the loan arrangement Conti racked up to finance the Siemens VDO acquisition expires. According to the report, this would also mean Schaeffler would have to re-negotiate conditions before the loans expire, and, in the current conditions, would not get such a good deal.