TomTom Announces Five Millionth Map Share Improvement
Dec 16, 2008
CONCORD, Mass.--TomTom, the worldâs leading navigation solutions provider, today announces that members of the TomTom Map Share community have made a total of five million map improvements worldwide. This milestone results from a surging adoption of TomTomâs proprietary technology by the TomTom Map Share comm ... Continue reading
Dec 15, 2008
DUESSELDORF, Germany, Dec. 15 -- -- Investment in the powertrain of the future. -- Partnership between Evonik Industries and Daimler in Li-Tec pushes forward research, development and production of cells for lithium-ion batteries. -- Evonik and Daimler combine key technologies for success. -- Entry into a multi-billion ... Continue reading
ITW Reports 2.4 Percent Growth in Operating Revenues for Three Months Ended November 30, 2008
Dec 15, 2008
GLENVIEW, Ill., Dec. 15 -- Illinois Tool Works Inc. today reported an operating revenue increase of 2.4 percent for the three months ended November 30, 2008. Revenue growth for the three months was driven by contributions from acquisitions. Base revenues were negative for the three month period as North American and in ... Continue reading
Commerce Ministry Set To Support Auto Exports
Dec 15, 2008
Commerce ministry set to support auto exports http://www.gasgoo.com/auto-news/1008725/Commerce-ministry-set-to-suppor t-aut o-exports.html Shanghai, December 15 (Gasgoo.com)The Ministry of Commerce will support auto exports in seven aspects, including credit and incentives, said Zhi Luxun, vice director of Department o ... Continue reading
Pep Boys Declares Quarterly Dividend
Dec 15, 2008
PHILADELPHIA--The Pep Boys â Manny, Moe & Jack , the nationâs leading automotive aftermarket retail and service chain, announced that its Board of Directors approved the payment of the next quarterly dividend of $.0675 per share payable on January 26, 2009 to shareholders of record on January 12, 2009. The an ... Continue reading
BorgWarner Reduces 2008 Earnings Guidance To Reflect Global Auto Industry Free-Fall
Dec 13, 2008
AUBURN HILLS, Mich., Dec. 11 -- BorgWarner today reduced its earnings guidance for 2008 to a range of $1.85 to $1.95 per share before special items. Guidance was reduced to reflect rapidly deteriorating conditions in the auto industry that continue in every geographic region of the world. Previous guidance was $2.25 to ... Continue reading
Machinists Union Blames McConnell, Shelby and Corker for Killing Auto Rescue Plan
Dec 12, 2008
WASHINGTON, Dec. 12 /PRNewswire-USNewswire/ -- The International Association of Machinists and Aerospace Workers (IAM) today rejected attempts by a trio of Senate Republicans to deny responsibility for their campaign to force General Motors, Chrysler and Ford into bankruptcy and possible liquidation. "In a move worthy ... Continue reading
Suppliers Express Dismay as Senate Fails to Act on Auto Loan
Dec 12, 2008
WASHINGTON, Dec. 12 /PRNewswire-USNewswire/ -- The Motor & Equipment Manufacturers Association (MEMA) expressed its dismay and disappointment as the Senate did not secure the votes necessary to pass financial assistance to the automotive industry. MEMA had urged the Senate to support the legislation in hopes of prevent ... Continue reading
Edge Products Wins Fuel Economy Challenge
Dec 11, 2008
Ogden, UT December 10, 2008: Edge Productsâ Evolution programmer received special recognition at the 2008 SEMA show in Las Vegas as a winner of the SEMA/Auto Club of Southern California Fuel Economy Challenge, proving you donât have to give up performance to get good fuel economy. Over 15 SEMA member companie ... Continue reading
Cummins Revises 2008 Outlook to Reflect Worsening Economic Conditions
Dec 11, 2008
COLUMBUS, Ind.--Cummins Inc. today revised its outlook for 2008 due to the continuing decline in many of its key markets around the world. The Company now expects 2008 sales to increase by 9 percent over 2007, compared to its previous guidance of a 12 percent increase. Earnings Before Interest and Taxes (EBIT) is forec ... Continue reading
ArvinMeritor Provides Earnings Expectations for First Quarter
Dec 9, 2008
TROY, Mich., Dec. 9 -- ArvinMeritor, Inc. today issued guidance for the first quarter of fiscal year 2009, and withdrew previously released earnings expectations issued on Nov. 18, 2008 for the full year ending Sept. 27, 2009. The company is withdrawing full-year guidance due to continuing distress in the global market ... Continue reading
American Axle & Manufacturing Announces Asset Purchase Agreement with FormTech Industries
Dec 5, 2008
DETROIT, Dec. 5 -- American Axle & Manufacturing (AAM), which is traded as AXL on the NYSE, today announced that it has executed an asset purchase agreement with FormTech Industries LLC ("FormTech"). As part of this agreement, AAM exchanged its hub and spindle forging business for FormTech's differential gear, hypoid p ... Continue reading
Dec 5, 2008
COLUMBUS, Ind.--Cummins Inc. announced today that it will reduce its professional workforce worldwide by at least 500 employees â or approximately 3.5 percent â by the end of 2008 as a result of the continued deterioration in the U.S. economy and many other key markets around the world. The employee reduction ... Continue reading
Commercial Vehicle Group Announces Organizational Changes
Dec 4, 2008
NEW ALBANY, Ohio, Dec. 4 -- Commercial Vehicle Group, Inc. today announced the realignment of its management team to support its strategic initiatives. The Company cited changes in its operating environment, the global commercial vehicle industry and general economic conditions as the primary reasons for the changes. " ... Continue reading
Pratt & Miller Introduces Two New Corvette Models
Dec 4, 2008
Corvette Racing Champion, Ron Fellows, Helps Roll Out New Editions; Kids from Detroit Academy of Arts and Sciences Build First Corvette RIDEZ; Donations Made to Mitch Albom's Dream Fund and Annual Adopt-A-Shelter Christmas Party NEW HUDSON, Mich., Dec. 4 -- Today at 10:00 a.m. at their manufacturing facility and Corvet ... Continue reading
The Auto Channel content library (since 1996) has grown to become the world’s most extensive and complete interactive archive of automotive centric news, articles, reviews and intense event coverage, presented to viewers as Text, Video and Images.
