A Delaware Judge ruled that Apollo Tyres didn’t breach its obligations to try to resolve a dispute with a labor union during its acquisition of Cooper Tire and Rubber Co., Bloomberg News reported.
November 12, 2013GovernmentBusinessSafetyTechnologyEquipment
Pa. Legislators Approve $2.4 Bln. Road Plan
Pennsylvania state lawmakers gave final approval Nov. 21 to a transportation spending bill that will raise $2.4 billion more annually for the state’s roads, bridges and transit systems.
November 22, 2013BusinessSafetyGovernmentTechnologyEquipmentAutonomous
Safety Systems Shown to Reduce Rollovers, Other Accidents, FMCSA Study Declares
A new study has found trucks using lane-departure warning and roll-stability control systems are less likely to be involved in an accident than those not using the system.
November 11, 2013BusinessEquipment
Cooper Blames Apollo Tyres in Court for Delay in $2.5 Billion Buyout
Cooper Tire and Rubber Co. testified in court it could have expedited its $2.5 billion buyout by Apollo Tyres if it had been allowed to take part in union negotiations, Bloomberg News reported.
November 7, 2013BusinessEquipment
Delphi’s 3Q Profits Rise
Vehicle components maker Delphi Automotive PLC said its third-quarter profit increased on higher sales.
November 6, 2013BusinessEquipment
Commercial Vehicle Group Reports Loss
Commercial Vehicle Group reported a third-quarter loss, compared with a profit a year ago, the truck and auto components maker said.
November 5, 2013BusinessEquipment
Accuride Reports Third-Quarter Loss
Accuride Corp. reported a third-quarter loss and said sales declined “reflecting macro-economic and industry conditions.â€
November 4, 2013BusinessEquipment
Fleets Outsource Major Maintenance Work to Reduce Tool, In-House Labor Expenses
When A. Duie Pyle needs an engine overhauled or major transmission work done, the company sends the work to an off-site maintenance shop rather than using in-house mechanics.
November 4, 2013BusinessEquipment
American Axle Reports Third-Quarter Profit
American Axle & Manufacturing Holdings said it had a third-quarter profit of $31.6 million, or 41 cents per share, from a loss of $8.1 million, or 11 cents, a year ago.
November 1, 2013BusinessTechnologyEquipmentSafetyAutonomous
Trimble’s Profit Increases in 3Q
Trimble Navigation Ltd. reported higher third-quarter profit than a year ago and said earnings nearly doubled at its segment that includes trucking technology providers PeopleNet Communications Corp., TMW Systems Inc. and ALK Technologies Inc.
October 31, 2013