Auto parts maker Lear Corp. files for Chapter 11
The News Review:
- Auto parts maker Lear Corp. files for Chapter 11
- Beijing Auto is not such an eccentric pel suitor: Wei Gu
- Car owners live to regret do-it-yourself repairs
- India Shares Close 0.9% Up; Auto Consumer-Goods Stocks Gain
- Auto parts maker shutting down N. Indiana plant
- 1-Star Stocks Poised to Plunge: Dollar Thrifty Auto?
Auto parts maker Lear Corp. files for Chapter 11
The Associated Press
and Canada are not part of the filings the company said. “We are conducting business as usual and are very pleased to have received strong support from our lender and bondholder groups for our debt restructuring plan” CE Bob Rossiter said in a statement. The auto supplier’s first court appearance was scheduled for 4 p. EDT Tuesday before U. Judge Allan Gropper in New York.
Beijing Auto is not such an eccentric pel suitor: Wei Gu
Reuters
PK) selling pel to a big carmaker in China the world’s largest auto market and one that continues to grow robustly looks to make far more industrial sense than flogging it to one of the unit’s suppliers. It is hard to see what the Canadian auto parts company Magna (. T) will really bring to the business. Its hazy business plan is based on tie-ups with Russian partners and future sales to that country.
Car owners live to regret do-it-yourself repairs
The Associated Press
Later on a highway ramp her car suddenly froze up and pulled to the side of the road. The problem? Riggs says her neighbor neglected to put a certain part on a bolt of the wheels setting off a chain reaction that caused the tires to lock up. The car had to be towed and Riggs ended up paying an additional $400 to have it fixed at a suburban Cincinnati auto shop. While well-intentioned many people forget that today’s cars are vastly more complicated than models made just years ago. Most are so computer-controlled that owners can’t spot problems without access to specific tools and data programs said Dave Striegel owner of Elizabeth AutoCare in Elizabeth Pa. Even jobs that were once simple such as changing the oil can take hours to complete now. “They’re not able to do nearly the work that they used to do — it’s even going beyond the heads of a lot of technicians who aren’t keeping up-to-date” Striegel said.
India Shares Close 0.9% Up; Auto Consumer-Goods Stocks Gain
Wall Street Journal
–>India Shares Close 0. 9% Up; Auto Consumer-Goods Stocks Gain ArticleCommentsmore in. The Bombay Stock Exchange’s benchmark 30-stock Sensitive Index rose 0. 05 points to close at 14170. 45 after trading volatile between 14000.
Related from Work-at-home-business-zone: US Stocks Gain n Report f Pending Home Sales
Auto parts maker shutting down N. Indiana plant
Chicago Tribune
The company has told state officials that its plant in thenortheastern Indiana town of Grabill would be closed for anindefinite period. The Allen Park Mich. -based auto parts manufacturer did not givea reason for the closure but it cited the loss of a major customerwhen announcing planned layoffs at another Indiana plant lastmonth. Meridian told Shelbyville officials last week that it wasshutting down its 295-worker factory in that central Indiana city.
1-Star Stocks Poised to Plunge: Dollar Thrifty Auto?
msnbc.com
With that in mind let’s take a closer look at Dollar Thrifty’s business and see what CAPS investors are saying about the stock right now. Dollar Thrifty factsStory continues below ?advertisement |.
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