Superior Industries Reports 2008 Fourth Quarter, Full Year Financial Results
For the 2008 full year, net loss was $26.1 million, or 98 cents per share, compared to net income of $9.3 million, or 35 cents per diluted share, for 2007.
Visteon Announces Fourth Quarter and Full Year 2008 Results
For the full year 2008, Visteon reported a net loss of $663 million.
Federal-Mogul Reports Solid 2008 Sales and Financial Performance, Sees Strong Cash Generation Despite Fourth Quarter Market Downturn
The company recorded year-over-year cumulative sales growth of 7 percent in the first three quarters of 2008 versus the same period in 2007.
Executive Interview with Dave Caracci, Chairman, Global Automotive Aftermarket Symposium
It’s hard to tell which is Dave Caracci’s stronger characteristic: humility, humor or enthusiasm. He’s got all three in spades and applies this passion to his role as chairman of the Global Automotive Aftermarket Symposium (GAAS). The 2009 GAAS takes place May 6-7 in Chicago, amid crisis in the struggling auto industry. Commenting on why it’s more important to attend this year than ever before, Dave had this to say: “There are many leaders on the front lines of the aftermarket, trying to make decisions that not only affect them and the others working beside them today, but that may affect their survival for years to come. Who do they listen to? Where do they go for leading edge concepts or to identify short term shifts from long term trends? That is what GAAS is all about.” Read on to hear more about the 2009 GAAS from Symposium Chairman Dave Caracci.
TRW Reports Fourth Quarter and Full Year 2008 Financial Results
The company’s full-year 2008 sales grew to a record $15 billion, an increase of 2 percent compared with the prior year.
NTEA Offers Survival Strategies to Truck Equipment Manufacturers, Distributors
Key findings indicate compressed distribution and sales channels are imminent, with more sales occurring through fewer outlets and with a reduced number of suppliers and upfitters.
Corsa Performance Under New Ownership
TMG Performance Products, a division of The Mifsud Group in Wadsworth, Ohio, acquired the assets of JB Design Inc., Corsa Performance Exhausts, in January.
Advance Auto Parts Fourth Quarter Comparable Store Sales Increase 3 Percent
Company reports record free cash flow of $280 million.
Earl Scheib to Be Acquired by Private Equity
The transaction is valued at approximately $8 million.
Executive Interview with Neil Hogan, SKF Product Manager, Vehicle Service Market
Hogan is an ASE Certified Master Technician with 30 years in the automotive business.