Corporate
Tenneco Second Quarter 2007 Earnings News Release, Conference Call Notice
By admin - Posted on July 18th, 2007
Tagged: Corporate
LAKE FOREST, Ill., July 17 /PRNewswire-FirstCall/ -- Tenneco Inc. (NYSE:TEN) plans to issue its second quarter 2007 earnings news release before the market opens on Thursday, July 26, 2007, and hold a conference call the same day at 10:30 a.m. EDT. The purpose of the call is to discuss the company's results of operations for the last fiscal quarter, as well as other matters that may impact the company's outlook.
Johnson Controls Reports Record Third-Quarter 2007 Sales and Earnings
By admin - Posted on July 18th, 2007
Tagged: Corporate
Johnson Controls Confirms Guidance for 2007 Fiscal Year
MILWAUKEE, July 18 /PRNewswire-FirstCall/ -- Johnson Controls, Inc. (NYSE:JCI) today reported record sales and earnings for the third quarter of fiscal 2007. Diluted earnings per share from continuing operations totaled $1.98, up 16% from $1.70 last year, on a 6% increase in sales.The company also confirmed its guidance for full-year sales and earnings records, which would make fiscal 2007 the company's 61st consecutive year of sales increases and 17th consecutive year of earnings increases.
ArvinMeritor Wins New Supply Contract with Armor Holdings for Drivetrain and All Wheel Drive System for the Mine Resistant Ambus
By admin - Posted on July 18th, 2007
Tagged: Corporate
TROY, Mich., July 18 /PRNewswire-FirstCall/ -- ArvinMeritor, Inc. (NYSE:ARM) has been selected by Armor Holdings, Sealy, Texas, to supply 1,170 vehicle sets of front and rear drive axles with brakes, drivelines, antilock braking systems and transfer cases, for the new generation of armored personnel carriers for the U.S. military -- the Mine Resistant Ambush Protected (MRAP) vehicle (Category II).
Goodyear Tire & Rubber Company Announces Conversion Period for Convertible Notes
By admin - Posted on July 18th, 2007
Tagged: Corporate
AKRON, Ohio, July 18 /PRNewswire-FirstCall/ -- The Goodyear Tire & Rubber Company (NYSE:GT) today announced that its 4.00 % Convertible Senior Notes due June 15, 2034 are now convertible at the option of the holders and will remain convertible through September 28, 2007, the last business day of the current fiscal quarter.
LKQ Corporation to Acquire Keystone Automotive Industries
By admin - Posted on July 17th, 2007
Tagged: Corporate
CHICAGO, July 17 /PRNewswire-FirstCall/ -- LKQ Corporation (NASDAQ:LKQX) today announced that it has signed a definitive merger agreement to acquire Keystone Automotive Industries, Inc. (NASDAQ:KEYS) , a leader in providing aftermarket vehicle collision replacement parts, for $48.00 per share in cash. The merger, which is subject to approval of the shareholders of Keystone and other customary conditions, is currently expected to close early in the fourth quarter of 2007. Keystone's Board of Directors has unanimously recommended that Keystone shareholders approve the merger. Total cash consideration is approximately $811 million on a fully diluted basis.
The transaction would:
-- Create a more comprehensive vehicle alternative replacement parts business with combined revenue of approximately $1.5 billion
-- Enhance customer service through an expanded national network of over 260 distribution branches
-- Generate operating synergies that will result in EPS accretion in 2008 with longer term upside
The transaction would:
-- Create a more comprehensive vehicle alternative replacement parts business with combined revenue of approximately $1.5 billion
-- Enhance customer service through an expanded national network of over 260 distribution branches
-- Generate operating synergies that will result in EPS accretion in 2008 with longer term upside
Garmin Signs Letter of Intent to Acquire Spanish Distributor Electronica Trepat
By admin - Posted on July 17th, 2007
Tagged: Corporate
CAYMAN ISLANDS, July 17 /PRNewswire-FirstCall/ -- Garmin(R) Ltd. (NASDAQ:GRMN) announced today that it has signed a letter of intent for the proposed acquisition of Electronica Trepat S.A. ("Electronica Trepat"), the principal distributor of Garmin's consumer products in Spain. The completion of the acquisition is subject to the negotiation and execution of a definitive acquisition agreement, the completion of legal and financial due diligence and customary closing conditions.
"The proposed acquisition of Electronica Trepat is a further step in our ongoing strategy to strengthen Garmin's presence in key European markets through vertical integration and to enhance our ability to support our key retailers and OEMs in these markets," said Dr. Min Kao, chairman and CEO of Garmin Ltd.
"The proposed acquisition of Electronica Trepat is a further step in our ongoing strategy to strengthen Garmin's presence in key European markets through vertical integration and to enhance our ability to support our key retailers and OEMs in these markets," said Dr. Min Kao, chairman and CEO of Garmin Ltd.
International Speedway Corporation Statement on the Passing of Dr. Bruce Kennedy
By admin - Posted on July 10th, 2007
Tagged: Corporate
DAYTONA BEACH, Fla., July 10 /PRNewswire-FirstCall/ -- International Speedway Corporation (NASDAQ:ISCA) (BULLETIN BOARD: ISCB) ("ISC") issued the following statement today:
International Speedway Corporation (ISC) Executive Vice President and COO John Saunders said: "Our thoughts and prayers are with everyone involved in the plane crash that occurred this morning in Sanford, Florida. We are deeply saddened by the loss of Dr. Bruce Kennedy, and others that have been lost or injured in this tragic accident. We ask that you respect the privacy of the Kennedy and France families while they deal with this terrible loss."
Dr. Kennedy was husband to ISC President Lesa France Kennedy.
International Speedway Corporation (ISC) Executive Vice President and COO John Saunders said: "Our thoughts and prayers are with everyone involved in the plane crash that occurred this morning in Sanford, Florida. We are deeply saddened by the loss of Dr. Bruce Kennedy, and others that have been lost or injured in this tragic accident. We ask that you respect the privacy of the Kennedy and France families while they deal with this terrible loss."
Dr. Kennedy was husband to ISC President Lesa France Kennedy.
Don Whitsitt Named President of Aisin World Corp. of America
By admin - Posted on July 10th, 2007
Tagged: Corporate
Industry veteran becomes first American president of growing Tier One
PLYMOUTH, Mich., July 10 /PRNewswire/ -- Aisin World Corp. of America (AWA), one of North America's leading Tier One automotive components suppliers, today announced that Don Whitsitt has been named president. The announcement was made at the company's board meeting last month. Whitsitt was also appointed to AWA's Board of Directors.Williams-Pyro Announces AccuTag Vehicle Systems Business Partnerships
By admin - Posted on July 10th, 2007
Tagged: Corporate
FORT WORTH, Texas, July 10 /PRNewswire/ -- AccuTag Vehicles Systems, a product of Williams-Pyro, has business partnerships with three large municipalities and their respective fleet operations. This fleet management tool plugs directly into the diagnostic port of vehicles, collecting data remotely and transmitting it wirelessly with no monthly fees. Fleet managers will have the benefit of seeing vehicle status, fault code, driver performance, and route history data, enabling them to reduce cost and make smart operational decisions.
AutoNation Announces 2nd Quarter 2007 Earnings Conference Call
By admin - Posted on July 10th, 2007
Tagged: Corporate
Audio Webcast Scheduled for Thursday, July 26, 2007
FORT LAUDERDALE, Fla., July 10, 2007 /PRNewswire-FirstCall/ -- AutoNation, Inc. (NYSE:AN) , America's largest automotive retailer, announced today that it will release its financial results for the 2nd quarter ending June 30, 2007 on Thursday, July 26, 2007 before 7:00 a.m. Eastern Time. Mike Jackson, chairman and chief executive officer, Mike Maroone, president and chief operating officer, and Mike Short, executive vice president and chief financial officer, will discuss these results and information regarding the Company's business and operating environment during a conference call and audio webcast that same morning at 11:00 a.m. Eastern Time.Video
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