Meridian Announces the Sale of Certain Operating Units
The deal, effective June 1, includes certain leases of Meridian’s Composite business and facilities located in Lenoir, Newton and Salisbury, N.C., and Celaya, Hermosill, and Saltillo, Mexico.
Metaldyne to Sell Majority of Assets through Bankruptcy Process
Company reaches non-binding agreement to sell businesses as going concerns.
AutoZone Third Quarter Sales Increase 9.3 Percent
Net income for the quarter increased $15.1 million, or 9.5 percent, over the same period last year.
Littelfuse Announces Restructuring Plans
Restructuring activities are expected to begin in the third quarter of 2009 and be fully complete by the end of 2010.
Ford Invests $550 Million to Build New Global Small Cars, Electric Vehicle at Michigan Plant
Investment will support approximately 3,200 jobs at Michigan Assembly Plant.
Executive Interview with Ieon Chen, CEO of Equus Products Inc.
In this exclusive interview, Chen talks about the future of telematics, the economy and its influence on the DIY market as well as the company’s anticipated milestone of selling 500,000 INNOVA scan tools by the end of this month.
Midas Reports First Quarter Earnings of 7 Cents per Diluted Share
Company reports 6 percent growth in shop traffic, offset by lower average ticket; SpeeDee co-brand test shops post 15 percent sales increase.
Proliance Announces First Quarter Results, Provides Update on Refinancing Process
Company considering all available refinancing options, but bankruptcy remains a consideration.
Delphi Closes Sale of Select Exhaust Business Assets
Bienes Turgon began operations on May 1.
Peterson Expands Distribution in European Markets
Peterson this week announced a new partnership with the U.K. firm of Ivaris Ltd., trading as Peterson Europe.