Archive for October, 2008

Oct
31

American Axle swings to $440.9 million 3Q loss (AP)

Posted in: Auto Parts

American Axle & Manufacturing Holdings Inc. said Friday it swung to a $440.9 million loss, blaming steep restructuring charges and a drop in sales stemming from lower light truck production.

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Oct
31

American Axle swings to loss, targets 2009 profit (at MarketWatch)

Posted in: Auto Parts
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Oct
31

ArvinMeritor will cut 1,250 jobs to lower costs (AP)

Posted in: Auto Parts

Auto parts supplier ArvinMeritor Inc. said Friday it will cut 1,250 jobs in an effort to lower costs as it faces continued weakness in the U.S. economy and automotive industry.

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Oct
31

Standard Motor Downshifting (Zacks.com)

Posted in: Auto Parts
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Oct
31

American Axle posts wider loss as automakers cut production (at MarketWatch)

Posted in: Auto Parts
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Oct
31

Update to ArvinMeritor Press Release (PR Newswire)

Posted in: Auto Parts
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Oct
31

Chrysler to supplier: Get the lead in, not out (AP)

Posted in: Auto Parts

Chrysler LLC is suing its battery supplier for millions of dollars. The issue? Lead. Chrysler says Johnson Controls Inc. has been charging it for lead that doesn’t end up in the batteries.

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Oct
31

[$$] ArvinMeritor to Cut Jobs; American Axle Posts Loss (at The Wall Street Journal Online)

Posted in: Auto Parts
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Oct
31

ArvinMeritor trimming 1,250 workers, may scrap spin-off (at MarketWatch)

Posted in: Auto Parts
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Oct
31

ArvinMeritor Announces Actions in Response to Global Market Conditions (PR Newswire)

Posted in: Auto Parts

ArvinMeritor, Inc. today announced that it is responding aggressively to the current weakness in global business conditions by executing comprehensive restructuring and cost-reduction initiatives.

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