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Commercial Vehicle Group Inc (CVGI.OQ)

CVGI.OQ on NASDAQ Stock Exchange Global Select Market

8.90USD
26 Jul 2017
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Latest Key Developments (Source: Significant Developments)

Commercial Vehicle reports Q2 adjusted earnings per share $0.10
Wednesday, 3 Aug 2016 04:05pm EDT 

Commercial Vehicle Group Inc : Commercial vehicle group announces second quarter 2016 results . Q2 revenue fell 18.1 percent to $178.3 million . Q2 earnings per share $0.09 . Q2 adjusted earnings per share $0.10 . Says FY North American class 5-7 production is expected to be stable year-over-year .Says estimates that 2016 north american class 8 truck production will be in range of 215,000 - 235,000 units.  Full Article

Commercial Vehicle Group provides updates on estimated pre-tax costs for previously announced facility closures
Thursday, 21 Jul 2016 03:31pm EDT 

Commercial Vehicle Group: Says will also close its administrative office in wixom, michigan, when lease expires in q3 of this year . Closure of monona facility is expected to be substantially completed by march 31, 2017 . When implemented by end 2017, cost reduction, restructuring plan seen lowering annualized operating costs by $8 million-$12 million . Affected facilities include plants located in Monona, Iowa; shadyside, Ohio; along with administrative offices in wixom, michigan . Commercial vehicle group announces facility closures in connection with restructuring plan . Plans to petition for assistance for eligible employees under department of labor trade adjustment assistance program . Says in connection with cost reduction and restructuring estimated pre tax costs of $12 to $19 million, is now lowered to $10 to $14 million .Shadyside facility has about 172 employees, closure of shadyside facility is expected to be substantially completed by june 30.  Full Article

Commercial Vehicle Group Inc announces manufacturing consolidation - Reuters News
Tuesday, 3 May 2016 03:39am EDT 

Commercial Vehicle Group Inc:To consolidate North American seat production into 2 north american facilities, cease seat production in piedmont facility.Will continue to maintain presence in Piedmont for aftermarket & service distribution channel after seat production transfer.Will be meeting with uaw union representing hourly employees to negotiate over its decision.About one hundred sixty employees will be impacted by this restructuring, which is expected to be completed in q3 of 2016.Anticipates restructuring charges of approximately $3 - 4 million.  Full Article

Commercial Vehicle Group Announces CEO Succession
Monday, 23 Nov 2015 08:20am EST 

Commercial Vehicle Group:Says that Patrick E. Miller was appointed President and CEO, following resignation of Richard P. Lavin, effective November 20, 2015.Miller will also replace Lavin on Board of Directors.  Full Article

BRIEF-Man Group Plc reports 5.01 pct passive stake in Commercial Vehicle Group as of July 3, 2017

* Man Group Plc reports a 5.01 percent passive stake in commercial vehicle group inc as of July 3, 2017 -sec filing Source text (http://bit.ly/2ujUfnH) Further company coverage: