Executive Interview with Tom Tecklenburg, Director, Global Automotive Aftermarket, Distribution and Services, Timken
Join us as Tecklenburg discusses Timken’s global business strategy and the e-business initiatives that help the company stay ahead of the game.
Accuride Receives Non-Compliance Notice from the NYSE
Under the NYSE’s rules, the company has six months from the date of the NYSER notice to cure this deficiency before the NYSE will initiate suspension and delisting procedures.
Advance Auto Parts Reports Third Quarter Earnings Increase
Total revenue for the third quarter increased 2.6 percent to $1.19 billion, compared with revenue of $1.16 billion in the third quarter of fiscal year 2007.
Midas Reports Third Quarter Net Earnings of $1.7 Million
Revenues for the third quarter were up $1.4 million to $47.1 million.
Hamanakodenso Establishes Production Company for Automotive Sensors and Solenoid Valves in Vietnam
HDVN will produce sensors for the ASEAN market, as well as solenoid valves for all markets, with the exception of Japan.
BorgWarner Posts Third Quarter Results; Revises Outlook for 2008
The company said international sales offset steep declines in U.S. revenue due to declining economic conditions in the market. The company also adjusted its outlook for the remainder of the year to reflect deteriorating global economic conditions and automotive production declines in Europe.
Tenneco Announces “Aggressive” Restructuring Actions
This major restructuring is designed to further reduce structural costs and capacity in response to the worsening industry downturn.
Executive Interview with Federal-Mogul’s Jose Maria Alapont
In this most recent interview, Federal-Mogul President and CEO Jose Maria Alapont shares his thoughts on such industry issues as green technologies, the challenges in the automotive sector, our country’s reliance on foreign oil and what Federal-Mogul looks like post-Chapter 11.
Cooper Industries Reports 15 Percent Increase in Third Quarter Revenues
Third quarter 2008 revenues increased 15 percent to $1.73 billion, compared with $1.50 billion for the same period last year.
Timken Reports Third Quarter Sales of $1.48 Billion
The company said strong sales in global industrial markets largely offset the impact of weaker automotive demand.