Archive for April, 2009

Gentex Corp., which makes rearview mirrors and fire protection products, on Wednesday reported a first-quarter loss, citing the continued decline in automotive production.

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Wabco Holdings Inc., which makes safety and control systems for commercial vehicles, said Wednesday the contracts it received during the past five quarters will provide it with more than $530 million in new business between 2010 and 2014.

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Johnson Controls Inc. said Tuesday it posted a $193 million fiscal second-quarter loss, blaming the steep decline in new vehicle production, but also predicting a return to profitability for the second half of the year.

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Johnson Controls Inc. on Tuesday reported a second-quarter loss of nearly $200 million after the auto parts supplier was unable to shake off the historic industry downturn that has led to steep production cuts at its top automaker customers.

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Autoliv Inc., which makes auto safety systems, said Tuesday it expects to report another steep drop in revenue when it reports second-quarter results.

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