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Scania to Buy GM Component Plant in Sweden
Swedish truck maker Scania AB has reached agreement to buy a Swedish component plant owned by General Motors Corp., Bloomberg reported Wednesday.
February 21, 2007Goodyear Posts $358 Mln. 4Q Loss on Strike Impacts
Goodyear Tire & Rubber Co. reported Friday it lost $358 million in the fourth quarter due to a strike at 16 of its plants that reduced sales.
February 16, 2007Michelin Reports Lower Profit in 2006
Tire maker Michelin said Thursday it earned about $750 million or $5.20 a share in 2006, down from $1.17 billion or $8.04 in 2005.
February 15, 2007Ryder to Boost Dividend 3 Cents to 21 Cents a Share in March
Ryder System said Monday its board approved a 3-cent increase in its dividend, boosting the payout to 21 cents a share.
February 12, 2007Bandag’s Fourth-Quarter Income Dips
Tire retreader Bandag Inc. reported fourth-quarter net income of $10.9 million or 56 cents a share, compared with $12 million or 62 cents a year earlier.
February 8, 2007Technology Briefs — Jan. 30 - Feb. 5
Analyst Says More Ethanol Won’t Stem Consumption • Extol to Provide Software to C.R. England • J.B. Hunt Chooses PAR System for Reefer Tracking
February 5, 2007SkyBitz, Stemco to Offer Mileage Readings for Trailer-Tracking System
Trailer-tracking technology maker SkyBitz Inc. and has teamed with Stemco LP to offer mileage readings in conjunction with real-time trailer tracking for commercial fleets and trailer leasing companies, the two said Monday.
February 5, 2007Diesel Engine Update: Some Carriers Are Warming to ’07 Models
While other carriers were debating whether to buy even one Class 8 truck with a 2007 EPA-certified engine, Mike Hasinec at Penske Truck Leasing Co. was knee-deep in testing 2007 engine performance.
ArvinMeritor to Sell Emissions Technology Business for $310 Million
Components maker ArvinMeritor Inc. said Friday it plans to sell its emissions technologies business to a private equity firm for $310 million.
February 2, 2007Ryder System’s Fourth-Quarter, Full-Year Income Rise
Ryder System’s fourth-quarter profit rose 12% to $65.8 million or $1.08 cents a share, from $58.8 million or 92 cents a year earlier.
February 2, 2007