American Axle & Manufacturing Announces Joint Venture with JAC Group Subsidiary in China
Subject to regulatory approval in China, the joint venture is expected to commence operations in the first quarter of 2009.
Executive Interview with Michael Cardone, Jr., Chairman and CEO of CARDONE Industries
Michael co-founded CARDONE Industries with his late father, Michael Cardone, Sr., in 1970. Today, this family business, spanning three generations, is the largest family-owned remanufacturer of automotive parts in the world.
Automotive Industry Awaits Word on Auto Loans from Bush Administration; Association Leaders React to the News
The White House said no decision will be made today, but action will be taken soon.
Goodyear Announces Leadership Changes in Finance Organization
Goodyear makes changes within its corporate finance team.
Bailout Dead, Automakers in Search of a Lifeline
Automakers say they could be out of cash in a matter of weeks, following Senate’s rejection of a bailout package.
Two Execs Appointed to PACCAR Board
PACCAR this week has announced the appointment of two new executives to its board of directors.
Cummins Revises 2008 Outlook to Reflect Worsening Economic Conditions
The company also announced last week that it will reduce its professional workforce worldwide by at least 500 employees by the end of 2008.
Congress Discusses ‘Cash for Clunkers’ Program; ASA Calls for Repair Option
The ‘Cash for Clunkers’ policy has been discussed during testimony before the House of Representatives Committee on Financial Services, included in draft climate legislation by the House Committee on Energy and Commerce, and proposed by General Motors Corp. in its business plan submitted to Congress.
EPA Finalizes Rule Requiring Availability of Heavy Duty Service Information
The new rule further requires that engine manufacturers make available all emission-related service information available to independent repair facilities over websites.
AutoZone First Quarter Sales Increase 1.6 Percent
Operating income for the quarter increased $1.2 million, or 0.5 percent, over the same period last year to $238.5 million, while diluted earnings per share increased 10.1 percent to $2.23 per share from $2.02 per share in the year-ago quarter.