Dana Issues Estimated 2011 Financial Results and 2012 Outlook
The company is estimating sales of approximately $7.6 billion, a nearly 25-percent increase over 2010.
AAPEX REPORT: Outlook for Aftermarket Is Bright and Bankable, Says AASA President, Panel
Four people heavily involved in private equity took part in a panel discussion that showed just why outsiders consider the aftermarket to be so attractive. Tony Cristello of BB&T Capital Markets moderated the panel. Taking part were John Hartherly of Wynnchurch, owner of VistaPro Automotive; John Tudor of Friedman Fleischer and Lowe, owner of Transtar Industries; David Overbeeke, president, Global Brake and Chassis, Affinia group; and Paul McCarthy, AASA vice president of industry analysis and research.
Lear Reports Improved Third Quarter Financial Results and Increases 2011 Outlook
Company reports net sales of $3.5 billion, up 23 percent from a year ago.
Consumer Confidence Remains Flat, According to RBC Consumer Outlook Index
Employment concerns weighing most heavily on U.S. consumer sentiment as index remains flat for third straight month.
Goodyear Sees First Half Profits; Tight N.A. Outlook
The tire maker reported year-to-date net income of $143 million, up from 2010’s net loss of $19 million.
Timken Posts Record Second-Quarter Earnings; Raises Full-Year Outlook
Company says sales are up 31 percent over last year’s second quarter.
RBC Consumer Outlook Index Shows U.S. Consumer Confidence Declining In July
Post-recession, Americans continue to spend less, bargain-shop, according to RBC.
U.S. Consumer Confidence Rises According to RBC Consumer Outlook Index
One of the chief forces depressing consumer confidence — high fuel prices — appears to have abated, according to RBC.
One in Three U.S. Consumers Has Already Cut Spending Because of Rising Gas Prices: RBC Consumer Outlook Index
Consumer confidence declines as worries mount on rising fuel and food prices and Mideast instability.
Global Automotive Outlook for 2011 Appears Positive as Mature Auto Markets Recover, Emerging Markets Continue to Expand: J.D. Power
Strong December close helps global light vehicle sales set record in 2010; builds momentum for 2011, J.D. Power says.