Senators Menendez, Hatch and Reid Introduce NAT GAS Act
The legislation would extend the existing natural gas fuel, vehicle and infrastructure tax credits by 10 years.
2010 Could Be a Good Year for the Aftermarket, Says Global Firm
BB&T Capital Markets assesses the impact of dealership closings.
Majority of Lear Creditors Offer Support for Debt Restructuring Plan; Global Operations Continue Without Interruption
Plan of reorganization supported by approximately 68 percent in principal amount of secured lenders and more than 50 percent in principal amount of bondholders.
International Speedway Corp. Reports Financial Results for the Second Quarter 2009
Total revenues for the second quarter decreased to $152.4 million, compared to revenues of $174.9 million in the prior-year period.
Paul ‘Scooter’ Brothers Elected SEMA Chairman-Elect
SEMA members elect four new board members, as Rick Rollins begins chairman role.
Formation of Chrysler Group LLC Board Is Now Complete
Nine-member board brings wide-ranging experience and skills to board’s mission to advance Chrysler’s future viability.
Proliance Files for Chapter 11 with Agreement to Sell Domestic Operations as Going Concern to Owners of Visteon Aftermarket
On July 2 the company and its U.S. subsidiaries filed voluntary petitions in the U.S. Bankruptcy Court for the District of Delaware under Chapter 11 of the U.S. Bankruptcy Code.
Lear Reaches Agreement in Principle on Consensual Debt Restructuring
Lear’s subsidiaries outside the U.S. and Canada would not be part of the bankruptcy filing.
UView Acquires MotorVac Technologies
The two companies have similar operational processes and share many of the same customers that will provide various synergies and increased efficiency.
Chrysler Financial Restructures its Business Operations
The moves will result in the reduction of approximately 9 percent of the company’s workforce.