DENSO Announces First Quarter Financial Results
KARIYA, Japan – DENSO Corp. has announced global financial results for the first quarter ended June 30. Consolidated net sales totaled $9.2 billion, a slight decrease from the previous year. Consolidated operating income totaled $696.8 million, a 20.6 percent decrease from the previous year. Consolidated net income totaled $485.4 million, a 23.3 percent decrease from
Johnson Controls President Appointed to Dana Board
TOLEDO, Ohio — Keith Wandell, president and chief operating officer of Johnson Controls has been appointed to the Dana Holding Corp. board of directors, Executive Chairman John Devine announced today. "Over the past two decades, Keith has been instrumental in the exceptional growth and success at Johnson Controls," Devine said. "We welcome the operational experience
Fristoe Named CCAR President and COO; Stewart Named EVP
The Coordinating Committee For Automotive Repair (CCAR) has announced new leadership for the organization’s staff, based at its headquarters in Overland Park, Kan. Daren Fristoe has been named CCAR’s new president and chief operating officer. Robert Stewart, who previously served as CCAR president, has been appointed to the position of executive vice president.
Monro Muffler Brake Announces Record First Quarter 2009 Financial Results
Monro Muffler Brake has announced record financial results for its fiscal 2009 first quarter ended June 28. Sales for the first quarter of fiscal 2009 increased 11.8 percent to a record $120.4 million compared to $107.6 million for the first quarter of fiscal 2008. The company said sales were positively impacted by strong in-store execution, a 2.5 percent comparable store traffic increase driven by effective advertising programs and additional price increases in certain product categories.
PPG Posts 42 Percent Sales Gain, 12 Percent Adjusted Earnings per Share Growth
PITTSBURGH — PPG Industries has reported record sales for the second quarter of $4.5 billion, surpassing the prior year’s second quarter results by 42 percent. Second quarter reported net income was $250 million, or $1.51 per share. Adjusted net income, excluding the operating results of the automotive glass and services (AG&S) business, which is pending
Continental Shares Plummet, Michelin’s drop
Shares in Continental AG have fallen by the most significant margin in seven years – 11 September 2001 – in Frankfurt, leading to the downgrading of the stock by Merrill Lynch. The decline of up to 8.1 percent July 11, report financial news sources, sees the stock plummet to 53.65 euros. For the year, Continental’s
Executive Interview with Jesse Jones, Director of Marketing, MAHLE Clevite
Jesse Jones, a 25 year veteran of the aftermarket, was appointed in 2006 to the role of manager – marketing for Clevite Engine Parts, now MAHLE Clevite Inc. Jones is responsible for the company’s overall strategic marketing efforts, which include communication, customer program management, tradeshows, motor sports, brand management and customer training. In this exclusive Executive Interview, Jones brings us up to speed on MAHLE Clevite as the company celebrates nearly one and a half years under the ownership of Stuttgart, Germany-based MAHLE Group.
DuPont to Expand Capacity in China
DuPont has announced the expansion of compounding capacity at its manufacturing site in Shenzhen, China. The site produces DuPont Zytel nylon 6,6 resins and DuPont Zytel HTN high-performance polyamide resins for use in the automotive and electronics markets.
Engine Repower Council Launches Consumer Poster Campaign
BETHESDA, Md. – The Engine Repower Council (ERC) is launching a consumer awareness poster campaign. The new poster, titled “Engines Repowered Here,” is designed to stimulate consumer interest about the many benefits provided by a remanufactured/rebuilt engine. The ERC poster provides a visual resource a shop can use to promote the quality, reliability and savings
Another Round of Price Hikes for Bridgestone
Bridgestone Corp. said it will raise prices on tires sold through retailers as of September, citing high costs for such materials as natural and synthetic rubber. The increase will mark a second round of price hikes this year, the first being in March and April.