Edition:
United States

Auto, Truck & Motorcycle Parts

Page 2

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.

Metaldyne Performance Group to consolidate brands

Tuesday, 19 Jul 2016 05:18pm EDT

Metaldyne Performance Group Inc : Says consolidating its portfolio of metal-forming brands . Brands including HHI, Grede, Cloyes, Metaldyne, Jernberg, Impact Forge, Novocast and Formtech, will now fall under MPG moniker . Metaldyne Performance Group to consolidate brands .All legal entities and reporting segments in company will remain intact.

Seoyon Electronics to merge with STF

Tuesday, 28 Jun 2016 04:38am EDT

Seoyon Electronics <012860.KQ> Co., Ltd.: Says it will merge with unit, STF CO.,LTD., which is mainly engaged in the manufacture and sale of auto parts business . Says merger ratio of 1:0 between the co and STF . Says expected merger effective date of Sept. 1 and registered date of Sept. 5 .STF will be dissolved after the merger.

Okamoto Glass changes early-retirement program period

Wednesday, 1 Jun 2016 04:47am EDT

Okamoto Glass Co Ltd <7746.T>: Says the early-retirement program offering period was changed to May 16 to June 30 .Says the previous disclosed period was May 16 to May 31.

JVC Kenwood unit P. T. JVC Indonesia completes liquidation

Friday, 27 May 2016 03:07am EDT

JVC Kenwood Corp <6632.T>:Says its unit P. T. JVC Indonesia completed liquidation on May 25.

China Shipbuilding Industry Group Power to transfer assets to unit

Thursday, 26 May 2016 01:30am EDT

China Shipbuilding Industry Group Power Co., Ltd. <600482.SS> :Says it will transfer 100 percent stake in three units and two plots of land to its wholly-owned unit.

Okamoto Glass to offer early-retirement program

Friday, 13 May 2016 02:35am EDT

Okamoto Glass Co Ltd <7746.T>: Says the co to offer an early-retirement program during the period from May 16 to May 30 . Says the co expects 30 employees to take up the offer . Says the employees who take up the offer will retire on Sep. 20 .The company will provide retirement payment and outplacement support to the retiring employees.

Depo Auto Parts Industrial to dissolve subsidiaries

Tuesday, 10 May 2016 10:02pm EDT

Depo Auto Parts Industrial <6605.TW>:Says it to dissolve subsidiaries Jutemill Holdings Limited and Dometour International Limited.

NGK SPARK PLUG says structural reform of ceramic IC package business

Monday, 9 May 2016 01:45am EDT

NGK SPARK PLUG CO LTD <5334.T>: Says it had decided a basic policy about the structural reform of its ceramic IC package business at the Board of Directors Meeting held on May 9 . Says establishment of the new subsidiaries including new subsidiary for the Ceramic IC package business named "NTK CERAMIC CO., LTD." (New N-CERA) and new subsidiary for the Sensor business named "CS Nakatsugawa CO., LTD" (CS Nakatsugawa), planned on July 1 . Says the Ceramic IC package business will be succeeded from the Company and current NTK CERAMIC CO., LTD. (Current N-CERA) to New N-CERA, through absorption-type company split by Oct. 1 (planned) . Says the sensor business in Current N-CERA will be succeeded to CS Nakatsugawa through absorption-type company split by Oct. 1 (Planned) .Says absorbing Current N-CERA into the Company by Jan. 1, 2017 (Planned).

CASTEC KOREA subsidiary to merge with wholly-owned subsidiary

Wednesday, 27 Apr 2016 01:14am EDT

CASTEC KOREA CO LTD:Says its subsidiary will merge with the subsidiary's wholly owned sub-subsidiary, SUZHOU CASTEC TECHNOLOGY CO., LTD., which is engaged in compressor processing business , to improve operating efficency and create synergy.Says expected merger effective date of June 1.Says the subsidiary will survive and SUZHOU CASTEC TECHNOLOGY will be dissolved after the merger.

Markets

  • Sectors
  • U.S.
  • Europe
  • Asia

Sector Summary