Financial

  • Delphi Corp.'s First Amended Joint Plan of Reorganization recently was confirmed by the United States Bankruptcy Court for the Southern District of New York. Judge Robert D. Drain entered the order confirming the plan, and rules that Delphi had met a
  • You learn a thing or two in 122 years. That's why Bosch is looking forward to a successful year despite drops in discretionary spending and decreased DIY purchasing. One of the things you learn is that you get out of something what you put into it, s
  • Record revenues and net earnings for the year have boosted Wonder Auto Technology's annual revenue over the US$100 million mark for the first time. The company, which manufacturers automotive electrical and suspension parts in China, also reported an
  • Despite a shaky economic climate, Visteon Corporation delivered fourth quarter and full-year 2007 results that exceeded the company's previously issued guidance in the areas of cash flow and operating results. Visteon also reported a year-end cash ba
  • Penske Automotive Group, Inc. saw its overall revenues rise 8 percent in the fourth quarter, while its same-store retail revenues increased by 4 percent. A 15 percent increase in international sales boosted the company's growth, netting an income of
  • The Department of Engergy (DOE) has awarded funding to Robert Bosch, LLC as part of 11 research and development projects to improve the efficiency of light-duty vehicle engines. The project will involve Bosch's collaboration with Ricardo, Inc. and th
  • The Bosch Group's recent acquisition of Accu Industries Inc. will broaden its distribution base and strengthen its workshop equipment business in North America, the company says. Bosch signed an agreement to aquire the operating assets of Accu Indust
  • With proper care, many of today's cars can last 200,000 miles or more, and owners seeking to limit repair costs by trading in their vehicle every three to five years may lose out on thousands of savings, says the October issue of Consumer Reports. An
  • Federal-Mogul Corporation today reported its financial results for the three and six month periods ended June 30, 2007, including a net income of $4 million, compared to a net loss of $17 million for the second quarter of 2006.
  • WABCO, a global provider of electronic braking, stability, suspension and transmission control systems for commercial vehicles as well as luxury cars and sport utility vehicles (SUVs), has made its debut on the New York Stock Exchange, trading under
  • The Goodyear Tire & Rubber Company recently announced that it is planning major global investments to fuel growth and plans to repay additional debt, which has been made possible by the recent sale of its engineered products business and the comp
  • As we write this piece in late July, oil prices hover at $75 per barrel, the average national gas price is $3.06 and Genuine Parts Company has posted somewhat disappointing second quarter results in terms of revenue relative to expectation. While we
  • Johnson Controls, Inc. gave its shareholders some good news when it released forecast diluted earnings per share that were more than earlier anticipated and sales also are expected to rise. The company reports forecast diluted earnings per share from
  • Advance Auto Parts, Inc. has hit a wall with same store sales (SSS) growth and is trying to reenergize its business. For second quarter 2007, Advance reported a sales number that was better than expected (comparable SSS grew 1.3 percent — compr
  • You're either a jobber or you're not. If you're a jobber, you understand that. If you're not, you may very well think you understand that — but you may just be fooling yourself.
  • As we write this piece, 2008 looks much like 2007 (and even 2006) for the automotive aftermarket. On Jan. 9, O'Reilly Automotive Inc. pre-released fourth quarter comparable sales of plus-2.1 percent, missing its previously given guidance range for sa
  • While one company's forecast for 2008 means bad news for dealerships, it could lead to better reports for the automotive aftermarket. CSM Worldwide is forecasting light-vehicle sales to descend to a 10-year low of 15.8 million units in 2008, based on
  • MAHLE Clevite Canada, ULC, a global supplier of pistons, valve train parts, engine bearings, piston rings, and engine gaskets, recently announced that they have entered into an agreement to purchase the Canadian engine parts distributor, Engine Parts
  • The SCORE Foundation recently announced that it has raised more than $1 million in total contributions from corporate, foundation and volunteer sources for the SCORE 'Counselors to America's Small Business' program.
  • Truckmotive, LLC, a Texas-based heavy-duty parts distributor, can now tell virtually every customer that the part they need is in stock, thanks to its use of the Activant Prism™ business management solution.