NEW YORK (Associated Press) - Auto retailer Penske Automotive Group Inc. cut its full-year earnings forecast Wednesday after reporting its second-quarter earnings declined on weaker sales.
The company said it now expects earnings from continuing operations for 2008 of between $1.54 and $1.60 per share. Previously, the company guided for $1.63 to $1.71 per share.
Analysts polled by Thomson Financial expect full-year earnings of $1.58 per share, on average. Such estimates typically exclude one-time items.
Also on Wednesday, Penske said its second-quarter earnings declined 1 percent as a tough retail environment weakened its sales.
Shares of the company added 5 cents to $13.86 in morning trading.
http://money.cnn.com/news/newsfeeds/articles/apwire/999b14529fa8e17e708e6ec0430b3ff9.htm
Friday, August 1, 2008
Sunday, July 27, 2008
Automotive Groups & WebRing Member Drive
I guess you can call this a member drive, we run a few automotive communities which require membership to become a part of. The only reason that we require membership approval is to avoid spam & spammers. It seems to work well, but it also limits how fast we can grow.
Automotive Related Communities...
(all are looking for new membership):
Autos & Automotive - A Google Group
An automotive and motorsports group for discussing all things automotive related. Topics may include autos, automotive mechanics, auto shows, automobile racing, automotive parts, salvage, classic cars, collector cars & more. Pickup trucks, tractor trailer trucks and motorcycling are also allowed.
AutomotiveParts - A Google Group
Hunt for or offer automotive parts. Offer parts (new/used). Salvage yard auto parts search pools and automotive industry opportunites for new aftermarket automotive and high performance auto parts sellers from drop shippers and wholesalers.
Automotive - A WebRing
We are looking for people interested in joining our Automotive WebRing community at WebRing.com. WebRings a re great way to promote your website and help create new leads and business associations. If you have an automotive or motorsports related webpage, website, directory or blog, please join as a member of the Automotive WebRing.
Join Up!
All of the above groups and rings are great ways to increase your visibility, establish a comradery with other automotive enthusiasts and professionals, establish your expertise, help someone out, give something back and perhaps even create a new friend or even drum up business in the long run. The best part about such communities is that they can be fun. We try to keep them that way by eliminating the spam.
Of course, if you have cool parts to help others restore or upgrade their vehicles, like the front grille of the 1948 to 1952 Chevy pickup in good condition, or the Deluxe instrument panel for 1980 Chevy/GMC pickup trucks, we do want to see these types of posts in the AutomotiveParts group. That's actually why we created it. I have a 1980 Chevrolet C109 I am working on. The boss has a restored 1950 Chevrolet pickup. A friend and coworker of mine is working on a 1973 GMC pickup he is restoring. The shop is thinking about making the Chevy Gravel Dump Truck shown on this page a shop restoration project vehicle.
We would love to hear about any old Autocars, Maxwell automobiles, Graham Brothers Trucks, or Henderson (Excelsior-Henderson) motorcycles out there that might be hidden in your barn looking to be restored. Heck, I am looking for an old car, pickup or motorcycle for my new restoration project, myself. Post any such finds in either the Autos & Automotive or AutomotiveParts Google Groups, or in the Automotive WebRing's forum.
If nothing else, it will be fun discussing our dream rides and hot rods. Heck, what do you have hidden away in your garage or barn? What are you working on? Join us just to brag about it a little. ;) Join in just to discuss automotive mechanics or tell us what your car/truck can do. We'd be glad to have anyone who won't spam us with unrelated advertising.
By the way, please be patient when you do apply for membership. I approve membership requests every business day I am here, Monday through Friday, but not on weekends or holidays, and I usually take at least one or two days off each week (but, not always) to devote to running my own businesses. But I will get to it! ;)http://autos-automotive.blogspot.com/
Kongsberg Automotive receives EUR 100m in New Business Wins
KONGSBERG, NORWAY, Jul 18, 2008 (MARKET WIRE via COMTEX) -- Kongsberg Automotive Interior Systems has so far this year won multiple new contracts with a lifetime value at approximately 100 million EURO, of which 73 million has been booked in the 2nd quarter.
The contract terms vary from 3 to 6 years, and initial deliveries are expected to start in late 2008. The 2nd quarter business awards are to the current customer base and two new interiors customers, one in Europe and one in North America. Of the 20 newly awarded contracts captured in Q2, over half are supplying new product on Asian OEM vehicle platforms, which are representing the most stable production demands and increased growth in the global automotive market.
Production will be in Kongsberg Automotive facilities in USA, Mexico, Hungary, China and United Kingdom and will provide products for the Seat Heater, Cables & Actuation, Seat Support and Headrest market segments, giving well-balanced growth across the business.
"Customers continue to be impressed with the global full service and complete product portfolio offerings from Kongsberg Automotives Interior Systems division. For the customer to have the ability to select the exact product required, whether it's for a mainstream or niche market vehicle, creates less work for the customer to integrate and increases our value proposition. Customers who had previously moved to our competitors are now coming back to Kongsberg Automotive and we are seeing this clearly in the rate we are booking new programs. The ratio of incremental business wins is almost 2 to 1 over replacement business, showing that we are increasing market share whilst retaining our core business." commented Hans Peter Havdal, President - Interior Systems at Kongsberg Automotive.
Kongsberg Automotive is headquartered in Kongsberg, Norway and has more than 50 facilities in 20 countries on all continents. Kongsberg Automotive, with revenues of about EUR1 billion and over 11,000 employees, provides system solutions to vehicle makers around the world. The product portfolio includes gearshift systems, cables for a wide variety of applications, fuel lines, tubing and hoses, couplings, clutch actuation, stabilizing rods, seat heaters, seat ventilation, lumbar supports, head restrains, arm rests, steering columns, pedals, electronics and displays. Find more information at www.kongsbergautomotive.com. http://www.marketwatch.com
The contract terms vary from 3 to 6 years, and initial deliveries are expected to start in late 2008. The 2nd quarter business awards are to the current customer base and two new interiors customers, one in Europe and one in North America. Of the 20 newly awarded contracts captured in Q2, over half are supplying new product on Asian OEM vehicle platforms, which are representing the most stable production demands and increased growth in the global automotive market.
Production will be in Kongsberg Automotive facilities in USA, Mexico, Hungary, China and United Kingdom and will provide products for the Seat Heater, Cables & Actuation, Seat Support and Headrest market segments, giving well-balanced growth across the business.
"Customers continue to be impressed with the global full service and complete product portfolio offerings from Kongsberg Automotives Interior Systems division. For the customer to have the ability to select the exact product required, whether it's for a mainstream or niche market vehicle, creates less work for the customer to integrate and increases our value proposition. Customers who had previously moved to our competitors are now coming back to Kongsberg Automotive and we are seeing this clearly in the rate we are booking new programs. The ratio of incremental business wins is almost 2 to 1 over replacement business, showing that we are increasing market share whilst retaining our core business." commented Hans Peter Havdal, President - Interior Systems at Kongsberg Automotive.
Kongsberg Automotive is headquartered in Kongsberg, Norway and has more than 50 facilities in 20 countries on all continents. Kongsberg Automotive, with revenues of about EUR1 billion and over 11,000 employees, provides system solutions to vehicle makers around the world. The product portfolio includes gearshift systems, cables for a wide variety of applications, fuel lines, tubing and hoses, couplings, clutch actuation, stabilizing rods, seat heaters, seat ventilation, lumbar supports, head restrains, arm rests, steering columns, pedals, electronics and displays. Find more information at www.kongsbergautomotive.com. http://www.marketwatch.com
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