SportingNews.com – Your expert source for NASCAR Auto Racing stats…
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- SportingNews.com – Your expert source for NASCAR Auto Racing stats…
- courier-journal.com | Jere Downs – You Auto Know blog | The Courier…
- Methode Elec Restructures US Auto Operations Cutting 700 Jobs
SportingNews.com – Your expert source for NASCAR Auto Racing stats…
SportingNews.com – Jan 24, 2008
– Jack Roush made a promise: His flagship Ford Sprint Cup team will make amends for a less-than-stellar 2007 season. Fearing NASCAR penalties for violating an embargo on outside testing with the Car of Tomorrow Roush fell behind on the development of the new car last year. Hendrick Motorsports on the other hand chose another approach by hiring former Busch Series champion David Green to test and help accumulate data for the COT. Not surprisingly when the new car debuted at Bristol last March Hendrick was light years ahead of most of the rest of the competition. “I was mostly responsible for not making the commitment for the Roush Fenway teams to go underground and to get our Goodyear tires and go to racetracks that NASCAR wasn’t sanctioning for the tests.
courier-journal.com | Jere Downs – You Auto Know blog | The Courier…
Louisville Courier-Journal – Jan 24, 2008
7 billion loss in 2007 improved by some $10 billion over 2006 Ford Motor Co. 7 billion in losses last year or a net loss of $1. In 2006 the automaker sustained $12. 6 billion in red ink or a net loss of $6.
Methode Elec Restructures US Auto Operations Cutting 700 Jobs
MarketWatch – Jan 24, 2008
is restructuring its U. operations and discontinuing producing legacy electronic connector products in Rolling Meadows Ill. The Chicago maker of electronic components and devices said it expect to eliminate about 700 jobs when restructuring is completed at the end of the year. The company said it is taking this action to transfer the remaining program to its foreign operations. Methode expects to record a pretax charge during fiscal 2008 and 2009 of $19 million to $25 million or 30 cents to 40 cents a share. The company reiterated sales expectations of $500 million to $515 million for the fiscal year ending April 30.
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