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
Automotive Chemical Group to Hold Retail Review Luncheon During AAPEX
LAS VEGAS — The Automotive Specialty Products Alliance (ASPA) will hold its fifth annual Retail Review Luncheon from 12 – 1 p.m. on Tuesday, Oct. 31 during AAPEX in Las Vegas. The featured speaker for the meeting will be M. Daniel Smith, president, Capstone Financial Group. Capstone is a financial banking firm that specializes in
Timken to Eliminate 700 Positions in Automotive Group, Revises Earnings Outlook
The Timken Co. today announced it is taking additional actions to improve the performance of its business in the face of worsening conditions in the North American automotive industry. Declines in North American automotive production are expected to negatively impact the company’s overall third quarter and full year 2006 results, which continue to benefit from the strength of global industrial markets, according to the company. As a result of touch conditions, the company has said it will reduce the workforce in its Automotive Group by about five percent, or approximately 700 positions.
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.
Auto Data Network Announces Closure of Reverse Acquisition of W3 Group by Aftersoft
Auto Data Network, announced the closure of the reverse acquisition of W3 by wholly owned subsidiary Aftersoft Group, Inc. As previously announced, Auto Data Network plans to distribute the 32.5 million shares in Aftersoft Group, Inc. that it owns to its shareholders subject to receiving shareholder approval. Aftersoft Group is a supplier of business management solutions to the automotive aftermarket sector.
Auto Parts 4 Less Reports Substantial Revenue Growth
The company attributes the growth to strategic initiatives and its LiftKits4Less.com platform, which was reactivated five months ago.
MBE Group Promotes Gretchen Bennett to Account Manager
Bennett will support strategic initiatives for clients, including media relations, event management, content development and more.
Turkish Automotive Industry: 2023 Review, 2024 Outlook
Suheyl Baybali takes a look back and a look forward at the automotive industry in Turkey.
Titan International, Inc. Acquires Carlstar Group LLC
The acquisition is expected to enhance Titan’s customer relationships and diversify its product portfolio.
The Bosch Group Achieves Sales Growth in 2023 Amid Challenges
In response to automotive industry changes, Bosch announced the largest realignment of its core business, establishing the integrated Mobility business sector.
