Visteon Expects to See Profit in 2009
Struggling auto supplier Visteon Corp. predicts a net loss of $244 million for last year and a loss of $267 million to $367 million this year, but the company expects to return to sustained profitability in 2009 or beyond. In a presentation Thursday to the Society of Automotive Analysts of New York conference in Dearborn, MI, Visteon said it would face headwinds this year from lower sales volumes of its customers, as well as continued restructuring costs.
The Week in Review (Dec. 18-29, 2006)
By Amy Antenora Editor The Week in Review offers a snapshot of the most read stories of the week as seen on aftermarketNews.com. To access the complete stories, simply click on the highlighted links. If you missed reading one of our daily news emails, click on any of the dates listed at the bottom of
The Top 10 News Stories of 2006
For the third year in a row, the editorial staffs of aftermarketNews and Counterman magazine take a look at the events that have had the most impact on the automotive aftermarket in the past year.
The Top 10 Distribution Influences of 2006
For the third-annual “Top Ten Week,” Counterman and aftermarketNews editors present the top 10 topics that most affect distribution today.
The Week in Review (Dec. 11-15, 2006)
By Amy Antenora Editor The Week in Review offers a snapshot of the most read stories of the week as seen on aftermarketNews.com. To access the complete stories, simply click on the highlighted links. If you missed reading one of our daily news emails, click on any of the dates listed at the bottom of
The Week in Review (Dec. 4-8, 2006)
By Amy Antenora Editor The Week in Review offers a snapshot of the most read stories of the week as seen on aftermarketNews.com. To access the complete stories, simply click on the highlighted links. If you missed reading one of our daily news emails, click on any of the dates listed at the bottom of the
Henkel Promotes Two Executives to VP Posts
MADISON HEIGHTS, MI — Henkel has promoted Dan Wohletz to vice president, automotive North America, and Scot Miller to vice president, automotive key account management. In his new position, Wohletz will be responsible for overall sales growth, strategic planning and business management for the company’s North American automotive business. Wohletz joined Henkel in 1991, and
The Week in Review (Nov. 27-Dec. 1, 2006)
By Amy Antenora Editor The Week in Review offers a snapshot into the most read stories of the week as seen on aftermarketNews.com. To access the complete stories, simply click on the highlighted links. If you missed reading one of our daily news emails, click on any of the dates listed at the bottom of
Truck U Rolls Through Industry Week
SWANSEA, MA — For the second year in a row, Brenton Productions’ TV show Truck U went to Vegas to shoot a special AAIW episode. Truck U, hosted by Matt Steele and Buzz Thompson, is a how-to television show on SPEED dedicated to truck, jeep and SUV projects. Truck U (also know as Truck Universe)
Peterbilt Trims Production, Cuts Workforce
Paccar Inc.’s Peterbilt unit is cutting production at its Nashville, TN, truck assembly plant, and will lay off some 670 employees after the first of the new year. Paccar said the moves are being made in anticipation of significantly lower orders for new trucks in 2007. New EPA engine regulations, which kick in as of Jan. 1, created a heavy pre-buy and used truck purchase market this year.