Cooper-Standard Automotive to Utilize 30-Day Grace Period for Note Payments
Supplier to use grace period to continue discussions with stakeholders.
Volvo Unveils Proprietary Medium-Heavy Engine
The Volvo Group is developing an in-house, Group-wide platform for medium-heavy diesel engines, the first of which will be launched next year.
Canadian Tire Corp. to Use Activant eCatalog Solutions at Canadian Tire and PartSource Stores
Retailer/wholesaler introducing integrated Activant PartExpert Suite, Lasercat 3 eCatalog to more than 560 business locations.
Relief for Closing Dealerships Seen as Long Shot
Legislation that has been proposed to help the dealers includes the Automobile Dealer Economic Rights Restoration Act of 2009 (H.R. 2743), which would prevent automakers from terminating their agreements with dealers.
PACCAR Honored for Environmental Leadership
Kenworth is the first commercial vehicle manufacturer to receive this accolade since inception of the award in 2000.
Parts Suppliers Submit Additional Assistance Request to Treasury
Trade associations cite immediate threats to supplier industry and domestic vehicle manufacturing.
Platinum Equity Comments on Delphi Acquisition
“Platinum Equity is uniquely equipped to help Delphi in ways no other investor can,” said CEO Tom Gores.
University of the Aftermarket Offers Two Online Summer Courses
Registration open through July 6 for ‘Automotive Retail/Wholesale Management’ and ‘Aftermarket Policies and Procedures.’
Navistar Reports Second Quarter Profit Despite Historically Weak Market Conditions
Heavy duty manufacturer says it hasn’t seen such market conditions since 1962.
Pep Boys Reports First Quarter 2009 Results
Company says net earnings are up 133 percent.