Visteon Announces Fourth Quarter and Full Year 2008 Results
For the full year 2008, Visteon reported a net loss of $663 million.
March Meet is No Drag to Kern County Economy: Annual Drag Race Could Bring $5 Million in Tourism to Area
Despite economic downturn, ticket sales are good for big race, Mar. 6-8. It could bring a much-needed $5 million to local community.
GM’s Bob Lutz to Retire
Lutz will transition into a new role at GM on April 1, serving as vice chairman and senior adviser until his retirement.
Grant Thornton Identifies Key Programs Necessary to Slow the Pace of Auto Dealership Failures in 2009
Firm says the number of dealership closures needed to maintain 2007 sales levels is now closer to 5,000 — up from 3,800 in October.
Fiat, Chrysler in Partnership Talks
Unnamed sources say the Italian carmaker may trade its technology for a stake in Chrysler.
Execs Expect to See Significant Rise in Bankruptcies and M&A Activity, Says KMPG Study
Building alternative fuel cars and exploring emerging markets seen as chief opportunities going forward.
The Top News Stories of 2008
For the fifth year in a row, the editorial staff of aftermarketNews has selected what it determined to be the most significant events to impact the automotive aftermarket in the past year.
Automotive Industry Awaits Word on Auto Loans from Bush Administration; Association Leaders React to the News
The White House said no decision will be made today, but action will be taken soon.
Bailout Dead, Automakers in Search of a Lifeline
Automakers say they could be out of cash in a matter of weeks, following Senate’s rejection of a bailout package.
Visteon’s Johnston to Retire Nov. 30; Stebbins Elected Chairman
VAN BUREN TOWNSHIP, Mich. — The board of directors of Visteon Corp. has elected President and CEO Donald Stebbins to the additional position of chairman of the board, effective Dec. 1. Stebbins succeeds Michael Johnston, who will retire as executive chairman Nov. 30, after eight years in senior leadership positions with the global automotive supplier.