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Lear Seeks to Amend Credit Facility in Light of Adverse Industry Conditions

At the end of the third quarter, Lear had more than $500 million in cash and cash equivalents.

Penda and Durakon Industries to Merge

The name of the new entity will be Penda Corp., with headquarters in Portage, Wis.

Herman Trend Alert: Navigating the New Year

Some sage advice for corporate leaders about how to successfully navigate the new year.

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.

Aero Performance Products Outlines Goals for 2009

Plans include advancement of roll-up strategy and improved stock valuation.

Navistar Posts Near Record Fiscal 2008 Earnings

Revenues increased 20 percent to record level of $14.7 billion – nearly doubling revenues from five years ago.

GMAC Receives $5 Billion Investment from the U.S. Treasury

GM and Cerberus Capital Investment to purchase additional $1.25 billion of new common equity.

Herman Trend Alert: Global Changes Challenge the Planet

By the year 2025, “the accelerating pace of globalization and the emergence of new powers will produce ‘a world order’ vastly different from the system in place for most of the post-World War II era,” the study outlines.

Dana Receives Continued Listing Standards Notice from NYSE

During a consecutive 30-day trading period – under NYSE rules – the average closing price of Dana’s common stock must be a minimum of $1 per share and its market capitalization must equal or exceed $100 million.

Automakers, Associations Respond to Bush Administration’s Aid Package

In an Open Letter, Chrysler CEO Bob Nardelli said he appreciates the Administration’s confidence in Chrysler.