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New York Times (Free subscription) | yesterday
The German auto parts giant Continental warily embraced a takeover approach from the Schaeffler Group, but it rejected the current offer as inadequate.
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The Business First of Louisville (Free subscription) | 07/23/2008
Auto-parts manufacturer Dakkota Integrated Systems LLC will lay off 85 workers at its operations near Ford’s Kentucky Truck Plant.
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Market Watch (Free subscription) | 07/23/2008
LONDON (MarketWatch) -- Deutsche Bank downgraded TRW Automotive , Autoliv and American Axle , all to hold from buy, as part of a note in which the broker cut its estimates on U.S. car sales. It now sees auto sales of 14 million this year, down from a previous view of 14.5 million, and expects 2009 to be the same, down from a 15 million unit forecast. It has observed weakening sales trends in Western...
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New York Post (Free subscription) | yesterday
Less than a month after Bill Gates stepped down as chairman of software giant Microsoft, it looks as if he's found his new career: used car salesman. The billionaire and his $30 billion charitable foundation, which has poured millions into making...
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Seeking Alpha (Free subscription) | 07/23/2008
O’Reilly Automotive, Inc. Q2 2008 Earnings Call Complete Story »
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Auto Channel (Free subscription) | 07/23/2008
Before joining Goodyear, Pegher served as vice president of internal audit at XM Satellite Radio, where his responsibilities included assessing enterprise-wide risks and risk management activities. Prior to that, he spent six years as vice president of internal audit for ArvinMeritor, Inc., a leading international truck and auto parts supplier based in Troy, Mich., where he spearheaded the company's...
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Automotive Business Review (Free subscription) | 07/23/2008
O'Reilly Automotive has reported total net income of $55.8 million for the second quarter of 2008, up 7.5% from $51.9 million for the same period in 2007.
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kansascity.com (Free subscription) | 07/23/2008
Auto parts retailer O’Reilly Automotive said Wednesday its second-quarter profit rose 7.5 percent on an increase in same-store sales.
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Business Wire (Free subscription) | 07/23/2008
SPRINGFIELD, Mo.--(BUSINESS WIRE)--O’Reilly Automotive, Inc. (“O’Reilly”
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Deseret Morning News (Free subscription) | 07/22/2008
Swedish auto safety systems maker Autoliv Inc. said Tuesday that it will cut up to 3,000 jobs about 7 percent of its work force to reduce costs, in the wake of falling car sales in Europe and North America.
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Market Wire (Free subscription) | 07/22/2008
ZEELAND, MI (MARKET WIRE) Gentex Corporation (NASDAQ: GNTX), the Zeeland, Michigan-based manufacturer of automatic-dimming rearview mirrors and commercial fire protection products, today reported record second quarter revenues for the quarter ended June 30, 2008. The Company also announced that it repurchased approximately 1.2 million shares of its stock during the second quarter of 2008.
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Just Auto (Free subscription) | 07/22/2008
Schaeffler KG has raised its takeover offer of auto parts maker Continental AG. The German group made the move following a calculation of the three-month average price for shares of Continental as calculated by German watchdog BaFin.
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Fool.com (Free subscription) | 07/22/2008
The auto repair industry may benefit from the new-car sales glut.
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Seeking Alpha (Free subscription) | 07/21/2008
O'Reilly Automotive (ORLY) is expected to report Q2 earnings Tuesday, July 22, after market close with a conference call scheduled for Wednesday, July 23 at 10:00 a.m. ET. Guidance Analysts are looking for a profit of 48c on revenue of $701.70M. The consensus range is 46c to 50c for EPS, and $684M to $711M for revenue, according to First Call. For Q1, O'Reilly reported Q1 EPS 40c vs. consensus of...
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rupali | 07/03/2008
US demand for food safety products will grow 6.5 percent annually through 2012, driven by rising food safety concerns and new rules and regulations. Disinfection products will remain the largest segment and benefit from relatively new technologies such as ultraviolet and ozone equipment. Smart labels and tags will be the fastest growing products. This study analyzes the $2.3 billion US food safety...
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bharatbook | 06/25/2008
Part and parcel of maturity There are two tales of performance in this mature industry: one from large players, which have been relatively successful; and one from smaller players, which have come under pressure. Many smaller industry participants have exited the industry amidst tougher conditions and fierce competition from their much larger rivals. Significant economies of scale and a larger product
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nitesh | 06/23/2008
This report examines existing and emerging transmissions technology and the market and legislative influences that are driving developments in the sector.This report examines existing and emerging transmissions technology and the market and legislative influences that are driving developments in the sector. It includes market forecasts for the current range of transmission design types, in addition...