TRW Automotive Withdraws Full-Year 2008 Guidance on Continued Weakness in Global Automotive Markets
In recent weeks, and subsequent to providing the 2008 full year guidance on Oct. 30, both actual and forecasted levels of vehicle production in global automotive markets have declined beyond previously forecasted levels.
Hayes Lemmerz Reports Third Quarter Sales of $497 Million
For the third quarter, Hayes Lemmerz reported a net loss of $10.4 million, compared with a net loss of $62.7 million in the year earlier quarter.
AWDA Introduces Rusty Bishop as its 2008-2009 Chairman and Other Officers
A Waynesboro, Va. resident, Bishop began his career in the aftermarket more than 38 years ago with Fisher Auto Parts.
TheEngineOfDemocracy.com Launches Outreach Effort in Support of Auto Bridge Loans
The site provides facts about the U.S. auto industry and interactive tools to give Americans the ability to weigh in on the debate over the industry’s future.
U.S. Federal Reserve Executive to Present Economic Forecast for Heavy Duty Dialogue ’09
Heavy Duty Dialogue ’09 will be held at the Rosen Centre Hotel and the Orange County Convention Center in Orlando, Fla., on Monday, Feb. 16, 2009.
Pelosi and Reid Outline Conditions for Car Company Bailout
Speaker of the House Rep. Nancy Pelosi (D-Calif.), and Senate Majority Leader Senator Harry Reid, (D-Nev.), sent a letter to the executives of the big three automakers on Nov. 21 outlining the items that must be included in their request to Congress for economic assistance.
Delphi to Seek Continuation of Hearings on GM Agreements and DIP Accommodation Agreements
Delphi filed both motions with the Bankruptcy Court on Nov. 7.
Green Earth Technologies Names Dr. Mathew Zuckerman, President and COO
In his new capacity, Zuckerman will oversee the production and delivery of the world’s first bio based totally-green biodegradable motor oil, G-OIL, as well as 16 new SKU’s for January 2009.
Green Earth Technologies Completes First Audited Financial Statements
For the year ended June 30, the company reported net sales of approximately $290,000.
Senate Tells Automakers to Come Up with a Plan In Order to Get Funds
Automakers have until Dec. 2 to create a plan demonstrating “accountability and viability.”