General Automotive Reports Increase in Operating Margins in First Quarter 2009
Company also engages investment bank to help raise capital and terminates letter of intent to acquire Europacific Parts.
Navistar Selects OEConnection as Supplier of Parts Supply Network Technology Solutions
Navistar will implement OEConnection’s solutions for 280 International dealerships across 800 locations in the U.S. and Canada.
Lear Reports First Quarter 2009 Financial Results
Lear said the business environment in the first quarter was extremely challenging due to significantly lower production volumes globally.
Auto Dealers Urge Congress to Intervene with the Obama Administration to Oppose Drastic Dealer Cuts
NADA leaders are also scheduled to meet with the President’s auto task force today in Washington, D.C.
United Components Reports Results of Operations for First Quarter 2009
Revenue of $219.9 million decreased $9.4 million over the year-ago quarter.
Cummins Well Positioned to Emerge from Recession Stronger Than Ever, Says Chairman and CEO Tim Solso
“We have reacted more quickly and decisively in this recession than in any of the previous five recessions I have experienced in my nearly 40 years at Cummins,” Solso said.
Yokohama Reorganizes Divisions, Management
The tire group aims to improve its business efficiency and speed by shaping itself around six functional organizations: sales and marketing, production, technical, quality assurance, product planning and logistics.
Cooper-Standard Automotive Names Glenn Dong to Vice President and Corporate Treasurer
In this role, Dong will be responsible for directing the management of the Global Treasury operations unit, including cash management, debt funding, foreign exchange and risk management.
Visteon Announces First-Quarter 2009 Results
Company reports net income of $2 million, compared with a loss of $105 million in first quarter 2008.
Legislative Vehicle for Cash for Clunkers Remains Uncertain
The agreed-upon proposal would provide vouchers to Americans for one year to encourage the purchase of about one million cars and trucks and the destruction of a similar number of fuel inefficient older vehicles.