AAIA Releases Digital Reports
(Aftermarketnews.com) The Automotive Aftermarket Industry Association (AAIA) has announced of the Digital Aftermarket Factbook 2010 and the Digital Aftermarket Factbook & Lang Annual 2010.
Lanxess Reports All Business Units Impacted by Recession
An ‘extremely difficult market environment’ worldwide is the key factor Lanxess AG holds responsible for a significant fall in demand during the first quarter of 2009.
GPX Reports an ‘Enormous’ Sales Increase
According to GPX International Tire, the company has recently particularly focused upon its presence in Asian markets, and executive vice president Neil Ganz reports “a huge growth in sales” has taken place there.
Plimsoll Reports Suggest Acquisition Opportunity
Plimsoll analysts have announced a new report suggesting that the U.K. tyres, exhausts and batteries industry is rife with opportunity, despite a record number of companies losing money, and overall business values plummeting to the extent that almost half are now worth less than half their value of 12 months ago.
Superior Industries Reports $26.1 Million 2008 Loss
Wheel manufacturer Superior Industries International has reported a net loss of US$20.1 million for the fourth quarter ended Dec. 31.
Continental Reports ’08 Loss of €1.1 Billion
(International Herald Tribune) Auto parts and tire maker Continental AG said Thursday that costs related to its acquisition of Siemens VDO helped push its 2008 results deep into the red despite a steady rise in sales.
Reports: Schaeffler Wants Conti Chairman Out or New Board
The ongoing struggle between Continental AG and its major shareholder, Schaeffler Group, took a new twist yesterday when the Financial Times reported that Schaeffler wanted to force our Conti’s supervisory board chairman, Hubertus von Gr
Revised Bridgestone 2008 Financial Projections
Bridgestone Corp. reports that the financial crisis and resultant global economic slowdown have created a necessity for it to revise the consolidated financial projections for the fiscal year ended Dec. 31, 2008, that were originally announced on Aug. 8.
Reports say Schaeffler May Sell Up to 25% to Investors
Schaeffler Group’s owners may sell as much as 25% of the auto supplier to investors to alleviate the financial burden of its takeover of Continental AG amid the credit crisis, Sueddeutsche Zeitung reported, citing unidentified bankers.
Bridgestone Releases 2007 Financials
Full year 2007 financial results for Bridgestone Corp. were released on January 19, and these figures paint a picture of a healthy year’s trading.