Commercial Vehicle Group to Close Vancouver Facility
CVG’s Vancouver operation produces interior soft trim and molded dash assemblies for the heavy truck industry as well as molded products for the gaming and material handling industries.
Commercial Vehicle Group Announces Organizational Changes
The company cited changes in its operating environment, the global commercial vehicle industry and general economic conditions as the primary reasons for the changes.
Commercial Vehicle Group Opens New R&D Center and Corporate Headquarters
Commercial Vehicle Group (CVG) has moved into its newly opened Corporate Headquarters and Research and Development Center located in New Albany, Ohio. The three-story, 89,000 square foot corporate complex combines four existing locations into one centralized research and development center directly connected to multiple CVG functional areas.
Commercial Vehicle Group Acquires Assets of Short Bark Industries, LLC
Commercial Vehicle Group (CVG) has acquired certain assets from Short Bark Industries, LLC (SBI), a supplier of seat covers and various cut-and-sew trim products. In exchange for the commercial vehicle cut-and-sew assets and operations acquired from SBI, CVG paid approximately $3.6 million in cash and has assumed approximately $1.9 million of net liabilities due to third parties and $1.3 million of net liabilities due to CVG.
Commercial Vehicle Group Reports Second Quarter Results
Commercial Vehicle Group, Inc. has reported revenues of $158.6 million for the second quarter ended June 30, compared to revenues of $234.8 million for the second quarter of 2006 and a net loss of $0.2 million, or 1 cent per diluted share, compared to net income of $15.5 million, or 72 cents per diluted share, in the prior-year quarter.
Commercial Vehicle Group to Close Seattle, WA, Operations
Commercial Vehicle Group has announced it will close its Seattle,WA, manufacturing facility and transfer operations by the end of December in a move designed to improve its customer service and strengthen the company’s long-term competitive position. CVG’s Seattle operation produces interior trim products for heavy-duty trucks and marine products for OEMs. The work currently performed at the Seattle facility will be distributed to existing CVG plants in the United States.
Commercial Vehicle Group Revises Fourth Quarter 2006 Estimates
NEW ALBANY, OH — Commercial Vehicle Group, Inc. (CVGI) said it will lower its fourth quarter 2006 earnings per share estimates by approximately 20 cents to 30 cents, due to specific events occurring during the fourth quarter 2006. Estimates had previously been in the range of 70 cents to 72 cents per diluted share for
Commercial Vehicle Group to Build New Corporate Headquarters and R&D Technical Center
Commercial Vehicle Group, Inc. (CVGI), has announced plans to build a new 89,000-square-foot corporate office and research and development technical center in New Albany, OH. The facility will combine four existing locations in the central Ohio area and create a centralized research and development technical center directly connected to the company’s corporate headquarters.
Commercial Vehicle Group Promotes Pippen to Director of Quality
Fred Pippen has been promoted to the position of director of quality for Commercial Vehicle Group (CVG) Americas. CVG is a supplier of fully integrated system solutions for the global commercial vehicle market. In this new role, Pippen will be responsible for overall quality systems management, directing supplier quality management and development, supporting emerging market supplier identification and development and coordination of CVG America’s customer quality liaison support.
Commercial Vehicle Group Reports Second Quarter Results, Provides Revised 2006 Estimates
Commercial Vehicle Group, Inc. (CVGI) reported revenues of $234.8 million for the second quarter ended June 30, up 19.7 percent compared to $196.1 million in the prior-year quarter. Operating income for the second quarter was $26.8 million, a 3.9 percent increase, compared to $25.8 million last year.