A Delaware Judge ruled that Apollo Tyres didn鈥檛 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, 2013BusinessTechnologyEquipmentSafety
Descartes Names Ryan to CEO Post
Edward Ryan has been named CEO of Descartes Systems Group, succeeding Arthur Mesher, the company announced Nov. 27.
November 27, 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鈥檚 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鈥檚 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聽sales declined 鈥渞eflecting macro-economic and industry conditions.鈥
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, 2013