Friday, November 24, 2006

Automotive News

Union vote Dec. 1 at auto supplier plant
Montgomery Advertiser Fri, 24 Nov 2006 2:12 AM PST
The United Auto Workers union is seeking to organize workers at a Vance-based auto supplier that services the state's Mercedes plant, according to Automotive News.

DGAP-News: Pankl Racing Systems AG: Pankl acquires Slovak automotive supplier and plans to build a new production
Financial.de Fri, 24 Nov 2006 0:37 AM PST
Corporate news transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------------

Description
ic Harrow.co.uk Fri, 24 Nov 2006 9:19 AM PST
Rico Auto Industries (UK) Ltd as a leading Indian automotive supplier operating world wide is looking for an ACCOUNTANT for its UK office The position would initially require working 2 days a week, which we expect to be extended on long term to working full-time.

Industrial Enterprises of America Releases First Quarter Financials
PrimeZone via Yahoo! Finance Fri, 24 Nov 2006 6:41 AM PST
Industrial Enterprises of America, Inc. a specialty automotive aftermarket supplier, reports financial results for the fiscal 2007 first quarter ended September 30, 2006.

Saturday November 25, 2006
The New Zealand Herald Fri, 24 Nov 2006 8:16 AM PST
German tyre and electronics supplier Continental AG knows that doing business in China requires a company to guard its technical expertise carefully.

(AFX UK Focus) 2006-11-24 08:04 GMT: UK smallcap opening - Axeon lower on 2006 revenue warning
Interactive Investor Fri, 24 Nov 2006 0:23 AM PST
LONDON (AFX) - Shares in Axeon Holdings ran back 8 pence to 46-1/2 after the company, which provides green energy and advanced control systems to the automotive and industrial markets, warned its 2006 revenue will be between 2.8-3.0 mln stg, lower than originally anticipated. It believes 2007 revenue will be more than double that of 2006, however.

(AFX UK Focus) 2006-11-24 17:23 GMT: German shares close lower as euro, oil prices depress car stocks UPDATE
Interactive Investor Fri, 24 Nov 2006 9:52 AM PST
(updates with full report, clarifies DAX 30 range)

M&M acquires DGP Hinoday
Business Standard India Fri, 24 Nov 2006 10:49 AM PST
Mahindra and Mahindra (M&M) today announced acquisition of DGP Hinoday Industries, a joint venture between DG Piramal Group and India Private Equity Fund Mauritius and Hitachi Metals, for undisclosed amount.

(AFX UK Focus) 2006-11-24 17:07 GMT: UK small caps close weaker, at session lows, tracking drop by broader market
Interactive Investor Fri, 24 Nov 2006 9:38 AM PST
LONDON (AFX) - Shares in UK smaller companies closed sharply lower, at their worst levels for the day, mirroring weakness in the broader market, with TV Commerce a major casualty on fears the company may delist in the face of increased regulatory intervention, dealers said.

What's going on with gas prices around the country?
Ridgecrest Daily Independent Fri, 24 Nov 2006 10:35 AM PST
Will the rising cost of gas stop you from driving? What is it doing to the auto market - would you buy an SUV?

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