Commercial Vehicle Group Adopts Stockholder Rights Plan
The Rights Plan is designed to provide Commercial Vehicle Group’s stockholders a fair and equal treatment in the event that an unsolicited or hostile takeover attempt is made to acquire the company or a substantial portion of the company.
Commercial Vehicle Group Awarded New Daimler Trucks Contract
Under the contract, CVG’s Dublin, Virginia and Statesville, N.C. facilities will supply headliners for use in Daimler’s Freightliner Cascadia model and miscellaneous interior trim moldings for the Freightliner FLD model.
Commercial Vehicle Group Awarded New Volvo Trucks Contract
The new business is expected to be in full production by the end of June.
Commercial Vehicle Group to Close Vancouver Facility
CVG’s Vancouver operation produces interior soft trim and molded dash assemblies for the heavy truck industry as well as molded products for the gaming and material handling industries.
Commercial Vehicle Group Announces Preliminary Operating Results
Company reports on cost reduction initiatives and expected impairment charges for 2008.
Commercial Vehicle Group Announces New Senior Credit Facility
The company has paid in full its borrowings under its previous senior credit agreement with borrowings under the Credit Facility and will utilize the new Credit Facility for ongoing operating and working capital requirements.
Commercial Vehicle Group Announces Organizational Changes
The company cited changes in its operating environment, the global commercial vehicle industry and general economic conditions as the primary reasons for the changes.
Commercial Vehicle Group Opens New R&D Center and Corporate Headquarters
Commercial Vehicle Group (CVG) has moved into its newly opened Corporate Headquarters and Research and Development Center located in New Albany, Ohio. The three-story, 89,000 square foot corporate complex combines four existing locations into one centralized research and development center directly connected to multiple CVG functional areas.
Commercial Vehicle Group Acquires Assets of Short Bark Industries, LLC
Commercial Vehicle Group (CVG) has acquired certain assets from Short Bark Industries, LLC (SBI), a supplier of seat covers and various cut-and-sew trim products. In exchange for the commercial vehicle cut-and-sew assets and operations acquired from SBI, CVG paid approximately $3.6 million in cash and has assumed approximately $1.9 million of net liabilities due to third parties and $1.3 million of net liabilities due to CVG.
Commercial Vehicle Group Reports Second Quarter Results
Commercial Vehicle Group, Inc. has reported revenues of $158.6 million for the second quarter ended June 30, compared to revenues of $234.8 million for the second quarter of 2006 and a net loss of $0.2 million, or 1 cent per diluted share, compared to net income of $15.5 million, or 72 cents per diluted share, in the prior-year quarter.