Haldex to Divest Garphyttan Wire
Haldex AB has reached an agreement with Suzuki Metal Industry Co., Ltd., a Japanese manufacturer of steel wire, to divest its division Garphyttan Wire. ... ATA Seeks Additional Safety Regulation
A petition that asks the Federal Motor Carrier Safety Administration (FMCSA) to reconsider some of the details of the truck drivers' Hours of Service (HOS) rules raises no new substantive safety issues, according to the American Trucking Associations.... ATA Releases Trucking Cargo Security Guidebook
The American Trucking Associations (ATA) released the ATA Certified Cargo Security Professional Resource Guidebook, which provides a detailed synopsis of motor carrier security from pick up to delivery.... Federal-Mogul Downsizes An Additional 10%
Federal-Mogul Corporation announced it has expanded its existing restructuring plan announced September 17, 2008, in response to the continued challenging conditions in the global market.... Cummins Emission Solutions to Reduce Workforce at Mineral Point
Cummins Emission Solutions (CES), a subsidiary of Cummins Inc., announced it is reducing its Mineral Point Plant workforce by approximately 100 employees... Cat Announces Indefinite Layoffs At Illinois Engine Assembly Facility
Caterpillar Inc. has notified 814 production employees at its Mossville, Illinois, engine assembly facility that the company would indefinitely lay off those employees... Bendix Finalizes Deal To Acquire Smartire Systems Inc. Assets
Bendix Commercial Vehicle Systems LLC, a member of the Knorr-Bremse Group, today announced the signing of a definitive agreement to acquire the assets of SmarTire Systems Inc. for an undisclosed amount... ArvinMeritor Withdraws Full-Year Guidance for 2009
ArvinMeritor, Inc. today issued guidance for the first quarter of fiscal year 2009, and withdrew previously released earnings expectations issued on Nov. 18, 2008, for the full year ending Sept. 27, 2009... Ener1 to Develop Batteries for Hybrid HD Markets
Ener1, Inc. announced a cooperative partnership to develop high-energy batteries for hybrid bus and heavy-duty vehicle markets... Cummins To Slash At Least 500 Jobs
Cummins Inc. announced today that it will reduce its professional workforce worldwide by at least 500 employees – or approximately 3.5 percent – by the end of 2008...
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