Automotive Industry News

Last update: 205 days ago

DURA AUTOMOTIVE Bankruptcy News, Issue No. 53 29 Apr 08, 23:15 ET BCSI reports on latest events arising in the chapter 11 cases commenced by Dura Automotive Systems Inc. (EMAILWIRE.COM, April 29, 2008 ) FAIRLESS HILLS, Pa. ... more Kongsberg Automotive Union Update - 4/29/2008 29 Apr 08, 21:39 ET A letter from Kongsberg Automotive Van Wert plant manager, Larry Alberding, to United Steelworkers local 1-524 President Aaron Collins, indicates the company's intention to relocate the majority of work to its plant in Mexico, unless the union ratifies the company's final offer by this Friday. more Chery Automobile and Freescale to establish joint automotive lab 29 Apr 08, 21:25 ET Chery Automobile and Freescale Semiconductor are planning to establish a joint automotive lab aimed at co-developing silicon, software and system-level solutions for use in Chery vehicles for Chinese and export markets. more AdAgencyOnline.Net Promotes Gumiyo For Automotive Advertising On ... 29 Apr 08, 16:43 ET The auto industry is down, profits are a daily challenge and automotive advertising agencies are turning to online resource portals like AdAgencyOnline. ... more Asbury Automotive Group Names Craig Monaghan CFO - Quick Facts [ABG] 29 Apr 08, 16:35 ET 4/29/2008 4:33:04 PM Asbury Automotive Group, Inc. (ABG) announced that Craig Monaghan has been named incoming Senior Vice President and Chief Financial ... more AdAgencyOnline.Net Challenges Conventional Automotive Advertising ... 29 Apr 08, 16:29 ET Conventional automotive advertising agencies earning commissions for placement of radio and TV schedules for their clients are a dying breed as auto dealers ... more Asbury Automotive Group Names Craig T. Monaghan Incoming Senior ... 29 Apr 08, 16:20 ET NEW YORK, April 29 -- Asbury Automotive Group, Inc. , one of the largest automotive retail and service companies in the US, today announced that Craig T. ... more Asbury Automotive Group Names Craig T. Monaghan Incoming Senior Vice President and Chief Financial Officer 29 Apr 08, 16:15 ET Asbury Automotive Group, Inc. , one of the largest automotive retail and service companies in the U.S., today announced that Craig T. Monaghan has been named incoming Senior Vice President and Chief Financial Officer. more S&P Equity Research Upgrades Group 1 Automotive (GPI) to Buy 29 Apr 08, 15:56 ET S&P analyst, E. Levy, says, "GPI posts Q1 EPS of $0.73 vs $0.82, above our $0.68 estimate despite weak industry. We are lowering our industrywide new ... more CEO: Group 1 Automotive expects to close stores 29 Apr 08, 15:28 ET Group 1 Automotive, Inc. (NYSE:GPI) CEO Earl Hesterberg said the auto retailer will close underperforming stores going forward. ... more Auto retailers struggle to offset new car slump 29 Apr 08, 15:16 ET Reuters - Major U.S. auto retail groups on Tuesday posted quarterly results that underscore their mixed success in offsetting pressure from slumping new vehicle sales through sales of used cars, financing and service operations. more Sonic Automotive, Inc. Reports First Quarter Earnings in Line with Company Expectations 29 Apr 08, 15:04 ET CHARLOTTE, N.C., April 29 -- Sonic Automotive, Inc. , a leader in automotive retailing, today reported that its 2008 first quarter earnings from continuing operations were $18.0 million, or $0.44 per diluted share, compared to $22.3 million, or $0.49 per diluted share, for the same period in 2007. more TRW Automotive Plant in Mexico Receives Prestigious Quality Award ... 29 Apr 08, 15:02 ET LIVONIA, Mich., April 29 /PRNewswire-FirstCall/ -- TRW Automotive Holdings Corp. (NYSE: TRW) today announced that its Queretaro, Mexico, plant operated by ... more TRW Automotive Plant in Mexico Receives Prestigious Quality Award From Honda 29 Apr 08, 15:00 ET TRW Automotive Holdings Corp. today announced that its Queretaro, Mexico, plant operated by its subsidiary Frenos y Mecanismos, S.A. de C.V., has received the Honda de Mexico 'Excellence Award'. more Renault head maintains 2008 targets despite difficulties 29 Apr 08, 14:35 ET AFP - The head of French automaker Renault, Carlos Ghosn, said Tuesday the group was maintaining its 2008 growth targets but warned the next few months would be difficult in an "unfavorable environment." more Sales of automotive chemicals forecast to cross aed 12 billion by 2010 29 Apr 08, 13:08 ET According to recently released industry reports, growing at a modest rate, the global market for automotive chemicals is forecast to cross AED 12 billion by ... more Group 1 Automotive Q1 Profit Declines On Higher Expenses ... 29 Apr 08, 12:46 ET 4/29/2008 12:39:52 PM Tuesday, Group 1 Automotive, Inc. (GPI) announced financial results for its first quarter, reporting a decline in net income, ... more Penske Automotive Group posts strong 1Q gains 29 Apr 08, 12:35 ET By Nancy Kaffer Penske Automotive Group Inc. (NYSE: PAG) reported net income of $33 million or 36 cents a share on revenue of $3.2 billion during the ... more Towle And Co made $832314 on Group 1 Automotive Inc (GPI) 29 Apr 08, 12:30 ET Note: All amounts are based on price of stock at date reported versus the current price! The do not represent actual profit/loss! ... more DGAP-AFR: WET Automotive Systems AG: Announcement according to ... 29 Apr 08, 12:24 ET DJ DGAP-AFR: WET Automotive Systems AG: Announcement according to Articles 37v, 37w, 37x et seqq. of the WpHG [the German Securities Act] with the objective ... more DJ DGAP-AFR: W.E.T. Automotive Systems AG: Announcement according to Articles 37v, 37w, 37x et seqq. of the WpHG [the ... 29 Apr 08, 12:18 ET W.E.T. Automotive Systems AG / Preliminary announcement on the disclosure of financial statements 29.04.2008 Announcement according to articles 37v, 37w, 37x ff. WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. more Scion Capital Llc made $694771 on Group 1 Automotive Inc (GPI) 29 Apr 08, 12:08 ET Note: All amounts are based on price of stock at date reported versus the current price! The do not represent actual profit/loss! ... more Trelleborg Automotive restructures in France 29 Apr 08, 11:48 ET Trelleborg Automotive has proposed downsizing and transfering operations to existing plants for the Fluid Solutions business unit in Nantes, France. ... more Sonic Automotive Posts Lower Q1 EPS Despite Higher Revenue ... 29 Apr 08, 11:19 ET 4/29/2008 11:15:51 AM Tuesday morning, auto retailer Sonic Automotive, Inc. (SAH) announced income from continuing operations that came in below last year ... more Automotive Industry Heads 29 Apr 08, 10:48 ET Oil marketers and lubricant additive industries are currently working together to develop and define a new motor oil specification known as ILSAC GF-5. ... more Chartwell Investment Partners made $1325501 on Penske Automotive ... 29 Apr 08, 10:30 ET Note: All amounts are based on price of stock at date reported versus the current price! The do not represent actual profit/loss! ... more Novelis to Increase Aluminum Sheet Capacity for Fast-Growing Automotive and Can Markets in Europe 29 Apr 08, 10:28 ET Novelis Inc., the global leader in aluminum rolling and can recycling, announced today that it will invest 11 million Euro to expand production capacity at its plant in Nachterstedt, Germany, in response to growing demand in the automotive and beverage can end markets in Europe. more Sonic Automotive 1Q profit slips 29% 29 Apr 08, 10:27 ET A company that runs a handful of car dealerships in Columbus on Tuesday reported a 29 percent drop in first-quarter profit amid softening in the new-vehicle ... more Automotive Portfolio made $34374 on Ryder Sys Inc (R) 29 Apr 08, 10:21 ET Note: All amounts are based on price of stock at date reported versus the current price! The do not represent actual profit/loss! ... more Outlook roundup: Sonic Automotive, Big Lots 29 Apr 08, 10:21 ET Among the earnings projection stories for Tuesday, April 29, from AP Financial News: CHARLOTTE, N.C. -- Auto retailer Sonic Automotive Inc. on Tuesday backed its 2008 profit outlook after reporting first-quarter results that met its own expectations. more Novelis to Increase Aluminum Sheet Capacity for Fast-Growing ... 29 Apr 08, 09:59 ET ATLANTA, April 29 -- Novelis Inc., the global leader in aluminum rolling and can recycling, announced today that it will invest 11 million Euro (US$17.2 ... more Usunco Automotive Starts to Provide Emission Control Components to ... 29 Apr 08, 09:36 ET BEIJING, April 29 /PRNewswire-FirstCall/ -- Equicap, Inc. (aka "Usunco Automotive") (OTC Bulletin Board: EQPI) has announced that its wholly owned ... more Usunco Automotive Starts to Provide Emission Control Components to Local Chinese Manufacturers 29 Apr 08, 09:35 ET Equicap, Inc. has announced that its wholly owned subsidiary Usunco Automotive has started to provide advanced Diesel Oxidation Catalyst technology to Chinese tier-one automobile and off-road vehicle manufacturers. more TI Automotive Expands Plants in Slovakia 29 Apr 08, 09:33 ET WARREN, Mich.----TI Automotive, a leading supplier to major automotive manufacturers, is expanding its operations in Slovakia to support increased product demand from Hyundai, Kia and PSA Peugeot Citroen. more Sonic Automotive backs 2008 profit guidance 29 Apr 08, 09:23 ET Auto retailer Sonic Automotive Inc. on Tuesday backed its 2008 profit outlook after reporting first-quarter results that met its own expectations. more Variations on an Automotive Theme: Honda Civic Hybrid, Acura CSX ... 29 Apr 08, 09:09 ET By Jim Bray Tuesday, April 29, 2008 What’s even better than a garden variety Honda Civic? How about a gas-sipping hybrid or a souped up, luxurious version. ... more Trelleborg Automotive restructures Fluid Solutions business in France Tuesday, April 29, 2008 29 Apr 08, 09:07 ET Sweden -- Trelleborg Automotive has announced that a decision has been made to initiate consultations regarding an action program that will involve the restructuring of the Fluid Solutions business unit in Nantes, France, which is part of Trelleborg Automotive. more Sonic Automotive 1Q earnings fall 29% 29 Apr 08, 08:52 ET Sonic Automotive Inc. reports a 29 percent drop in its first-quarter net income to $14.2 million, or 35 cents per diluted share. ... more Penske Automotive 1st-quarter earnings rises on used vehicle sales ... 29 Apr 08, 08:16 ET BLOOMFIELD HILLS, Mich. (AP) - Penske Automotive Group Inc. said Tuesday its first-quarter earnings more than doubled, compared with a year-ago period that ... more UPDATE 1-Group 1 Automotive earnings slip 29 Apr 08, 08:09 ET NEW YORK, April 29 (Reuters) - Group 1 Automotive Inc (GPI.N: Quote, Profile, Research) said on Tuesday earnings fell 6.1 percent as new vehicle sales ... more Sonic Automotive 1Q Net Down 29%; Co Backs Year EPS View 29 Apr 08, 08:06 ET Sonic Automotive Inc.'s (SAH) first-quarter net income fell 29% to $14.2 million , or 35 cents a share, from $20 million , or 44 cents a share, ... more Sonic Automotive 1Q ongoing EPS misses Wall Street forecasts ... 29 Apr 08, 08:06 ET NEW YORK (Thomson Financial) - Sonic Automotive Inc. reported first-quarter earnings from continuing operations of $18 million, or 44 cents a share, ... more Penske Automotive 1st-quarter profit more than doubles 29 Apr 08, 08:01 ET Penske Automotive Group Inc. said Tuesday its first-quarter earnings more than doubled, compared with a year-ago period that was hurt by costs relating to the redemption of senior notes. more Penske Automotive Posts Higher Q1 Income From Cont.ops. ; Provides ... 29 Apr 08, 07:55 ET 4/29/2008 7:38:13 AM Tuesday, Penske Automotive Group, Inc. (PAG), an international automotive retailer, announced first quarter 2008 earnings that rose ... more Sonic Automotive quarterly earnings fall 29 Apr 08, 07:55 ET DETROIT, April 29 (Reuters) - Car dealer Sonic Automotive Inc (SAH.N: Quote, Profile, Research) posted a decline in quarterly earnings on Tuesday due to ... more Sonic Automotive, Inc. Declares Quarterly Cash Dividend 29 Apr 08, 07:41 ET CHARLOTTE, NC, April 29 /PRNewswire-FirstCall/ -- Sonic Automotive, Inc. (NYSE: SAH), a leader in automotive retailing, today announced that its Board of ... more Sonic Automotive, Inc. Reports First Quarter Earnings in Line with ... 29 Apr 08, 07:36 ET CHARLOTTE, NC, April 29 /PRNewswire-FirstCall/ -- Sonic Automotive, Inc. (NYSE: SAH), a leader in automotive retailing, today reported that its 2008 first ... more Penske Automotive 1Q profit tops expectations; offers in-line 2Q view 29 Apr 08, 07:27 ET LONDON (Thomson Financial) - Penske Automotive Group Inc. said Tuesday first-quarter income from continuing operations rose to $33.8 million, ... more HONG KONG, April 29/Xinhua-PR Newswire-First Call/ BRILLIANCE ... 29 Apr 08, 07:18 ET 1. To receive and consider the audited consolidated financial statements and the reports of directors and auditors of the Company for the year ended 31st ... more Group 1 Automotive Reports Lower Earnings In Q1; Backs FY08 EPS ... 29 Apr 08, 07:14 ET 4/29/2008 7:12:14 AM Group 1 Automotive, Inc. (GPI) on Tuesday reported first quarter net income of $16.4 million or $0.73 per share, lower than $17.4 ... more Travelers and MAACO Partner to Provide Enhanced Consumer Finance ... 29 Apr 08, 07:04 ET VANCOUVER and MILTON, ON, April 29 /CNW/ - Today Travelers Acceptance Corporation, an independent, national consumer finance company, and MAACO Systems ... more Brilliance China Automotive Holdings Limited (OTC Bulletin Board: BCAHY; HKEx: 1114) Announces Notice of Annual ... 29 Apr 08, 07:02 ET BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LIMITED more Group 1 Automotive Reports First-Quarter 2008 Financial Results 29 Apr 08, 07:00 ET HOUSTON----Group 1 Automotive, Inc. , a Fortune 500 automotive retailer, today reported net income for the first quarter ended March 31, 2008, of $16.4 million, or $0.73 per diluted share. more Brilliance China Automotive Holdings Limited (OTC Bulletin Board ... 29 Apr 08, 06:58 ET HONG KONG, April 29 /Xinhua-PRNewswire-FirstCall/ -- BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) (Stock ... more Brilliance China Automotive Holdings Limited (OTC Bulletin Board: BCAHY; HKEx: 1114) Proposes Amendment to The Bye-Laws 29 Apr 08, 06:55 ET BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LIMITED more Daimler's 1st-quarter profit slips without one-time gains 29 Apr 08, 06:53 ET AP - Automaker Daimler AG says its first-quarter profit slipped from last year, when its results were lifted by a one-time gain from the transfer of shares in Airbus parent EADS. more Penske Automotive Q1 Profit Rises, Revenues Up 4%; Guides Q2, FY08 ... 29 Apr 08, 06:48 ET 4/29/2008 6:47:43 AM Penske Automotive Group, Inc. (PAG) reported that its first quarter income from continuing operations was $33.8 million or $0.36 per ... more Penske Automotive Reports First Quarter Results 29 Apr 08, 06:30 ET BLOOMFIELD HILLS, Mich.----Penske Automotive Group, Inc. , an international automotive retailer, today reported that first quarter income from continuing operations was $33.8 million, which represents a 17.4% increase over adjusted income from continuing operations of $28.8 million in the prior year. more Geong Signs US$1.1 Mln Contracts With Automotive Customers - Quick ... 29 Apr 08, 05:35 ET 4/29/2008 5:32:55 AM Geong International Ltd. (GNG.L) announced signing of contracts with three automotive customers worth US$1.1million or GBP 550 thousand ... more Tagalog News: TEMIC Automotive Philippines binisita ni PGMA 29 Apr 08, 05:25 ET Manila (29 April) -- Inihayag ni Department of Labor and Employment (DOLE) Secretary Marianito Roque na binisita ni Pangulong Gloria Macapagal Arroyo ang ... more Sunday Times Rich List: Automotive industry results 29 Apr 08, 05:09 ET Bob Edmiston is the richest person in the automotive industry with a net worth of £520m, according to the Sunday Times’ Rich List. ... more Proton Motor Partners With Automotive Engineering Specialist AVL 29 Apr 08, 04:27 ET Proton Motor and AVL List, a automotive engineering company, have signed a framework contract to collaborate on the development of fuel cell hybrid systems as well as related measurement and diagnostic technology. more Handsontools Helps Auto Mechanics Find Automotive Tools Specific ... 29 Apr 08, 04:10 ET The vehicle specific tool page addresses one of the major problems in finding a specific automotive or truck repair tool for a specific brand of vehicle. ... more Geong Signs Six Contracts Worth US$1.1 Mln With Three Automotive ... 29 Apr 08, 04:10 ET 4/29/2008 3:40:12 AM *Superglass Holdings Reports Six Months EPS Of 1.3p Vs. 0.3p Prior Year [SPGH.L] 4/29/2008 3:38:14 AM *Character Group Reports ... more Promoting Dialogue Slated for 2008 Global Automotive Aftermarket Symposium 29 Apr 08, 03:06 ET 4/29/2008 A special presentation during the 2008 Global Automotive Aftermarket Symposium will focus on the need to improve communication between aftermarket parts manufacturers and automotive service technicians. more CF Media Group, Inc. has acquired the newly launched automotive ... 29 Apr 08, 03:02 ET /24-7PressRelease/ - LAKEWOOD, OH, April 29, 2008 - David A. Hein, the CEO of CF Media Group feels the consumer trend towards leveraging social networks for ... more Handsontools Helps Auto Mechanics Find Automotive Tools Specific to Auto Manufacturer 29 Apr 08, 03:01 ET The vehicle specific tool page addresses one of the major problems in finding a specific automotive or truck repair tool for a specific brand of vehicle. more Events: Automotive Manufacturing Solutions Europe, Leipzig 29 Apr 08, 02:11 ET This year’s fourth Automotive Manufacturing Solutions Europe conference is to be held at the Leipzig Marriott Hotel from 7th – 8th May. ... more Chinese alliance targets automotive 29 Apr 08, 01:49 ET Freescale and Chery intend to drive breakthroughs in cost-effective body electronics, powertrain, body electronics and HEV solutions into next-generation ... more GM to lay off 3,550 at 4 pickup truck and SUV factories 29 Apr 08, 00:15 ET AP - The dwindling U.S. auto market and an accelerating shift from trucks to cars has brought grim layoff news to four General Motors Corp. factories. more

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