Automotive mirror supplier Gentex Corp. posted a 55 percent drop in quarterly profit due to steep production cuts by automakers, and the parts maker forecast a 10 percent decline in revenue for the current quarter.
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Automotive mirror supplier Gentex Corp. posted a 55 percent drop in quarterly profit due to steep production cuts by automakers, and the parts maker forecast a 10 percent decline in revenue for the current quarter.
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Automotive mirror supplier Gentex Corp. said today it posted a 55 percent drop in quarterly profit due to steep production cuts by automakers, and the parts maker forecast a 10 percent decline in revenues for the current quarter.
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Preh, a leading supplier of automotive driver controls, sensors and electronic control units, has been awarded the contract to develop and produce the rear climate control system and the remote climate control module for the 2010 MY Lincoln MKT.
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Continental Automotive Systems Inc. is expected to be approved for $24.4 million in state tax credits in exchange for a proposed $27 million investment to the company's suburban Detroit headquarters.
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Continental Automotive Systems Inc. is expected to be approved for $24.4 million in state tax credits in exchange for a proposed $27 million investment to the company's suburban Detroit headquarters.
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The Obama administration's automotive task force, after successfully moving General Motors and Chrysler Group out of bankruptcy protection, is ending the government-financed warranty program for the two automakers.
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With both GM and Chrysler back on recovery track after a quick restructuring under Chapter 11, will the US automotive taskforce turn its focus on the struggling suppliers? SupplierBusiness reports
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Johnson Controls Inc. posted a net loss in its auto seating and interiors business but gained in its battery division on its way to generating $163 million in net income in the quarter that ended June 30.
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The Society of Motor Manufacturers and Traders (SMMT) has backed the findings of a Business and Enterprise Select Committee inquiry that expresses 'serious concern' about the effectiveness of the UK government's 'Automotive Assistance Programme' (AAP).
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Germany sees Magna International as the front-runner to take over Opel, but it would reassess its position if another buyer for the General Motors unit emerged. China's Beijing Automotive Industry Corp.
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India's Mahindra & Mahindra (M&M) last week took full control of its South African joint venture Mahindra South Africa set up in October 2004 with African Automotive Investments Corporation, a subsidiary of African Resources and Logistics Corporation.
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2009 is a memorable day: on that day exactly 100 years ago, automotive pioneer August Horch founded August Horch Automobilwerke GmbH in Zwickau, Germany. A short time later he renamed the company after the Latin translation of his last name - making it Audi Automobilwerke. The brand with the four-ring logo is celebrating its birthday this week with a series of events.
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Deterioration in the automotive market has affected parts maker Behr to the point its owners are now searching for a new investor who would be offered a minority stake, according to daily Financial Times Deutschland.
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Fujian Daimler Automotive Co. is planning to start commercial production of Mercedes-Benz vehicles in China in early August, according to local media reports.
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Bosch has invested approximately US$8m to renovate its vehicle test track in Flat Rock, Michigan, to provide an updated facility that will be used to test a variety of automotive technologies.
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J.L. French Automotive Castings Inc., which makes aluminum die-cast auto parts, filed for Chapter 11 bankruptcy protection today, saying it was "over-leveraged with an unmanageable debt load."
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Print, television and billboards have been mainstays of automotive marketing. Now there is a new marketing platform - called "social media" -- and the automakers are already deep into it. Of course "social media" is the more scholarly term for networking sites like Facebook, Twitter, MySpace, YouTube, Flickr, etc. Perhaps you've heard of them? Apparently they're all the rage with all those young web-enabled whippersnappers.
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