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Auto Parts News
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1. Analyst: Auto supplier stocks to remain depressed - AP - Wed Dec 23
Shares of automotive parts suppliers are likely to remain depressed amid declines in auto production next year, though truck-related suppliers should fare better, an analyst said Wednesday.
2. Modine Completes Sale of Korean Subsidiary to KB Synthetics - Business Wire - Wed Dec 23
RACINE, Wis.----Modine Manufacturing Company , a diversified global leader in thermal management technology and solutions, today announced that it has completed the previously announced sale of Modine Korea LLC, its Korean-based vehicular HVAC business, to KB Synthetics based in Daegu, South Korea.
3. S&P cuts view on Titan International to negative - AP - Tue Dec 22
Standard & Poor's on Tuesday lowered its outlook on Titan International Inc., citing the tire maker's higher debt levels.
4. TRW Automotive secures $400 million in term loans - AP - Tue Dec 22
Auto parts supplier TRW Automotive Holdings Corp. on Tuesday said it secured $400 million through two new term loans and reached a deal on its revolving credit facility.
5. Clarcor declares quarterly dividend - AP - Mon Dec 21
Clarcor Inc. said its board has declared a regular quarterly dividend of 9.75 cents per share. The dividend is payable on Jan. 22 to shareholders of record as of Jan. 8.
6. Titan International sees improved sales in 2010 - AP - Mon Dec 21
Titan International Inc., which makes wheels and tires for large off-road vehicles, said Monday it expects higher sales next year following a challenging 2009.
7. Titan Chairman/CEO to Discuss Goals for 2010 - Business Wire - Mon Dec 21
QUINCY, Ill.----Titan International, Inc. Chairman and CEO Maurice M. Taylor Jr. will offer goals for the company and outlook for 2010 in a conference call on Tuesday, December 22, 2009.
8. Titan International closes $172.5M offering - AP - Mon Dec 21
Titan International Inc., which makes wheels and tires for large off-road vehicles, announced Monday the closing of a $172.5 million senior note offering.
9. Titan International, Inc. Closes Private Placement of Convertible Senior Subordinated Notes due 2017 - Business Wire - Mon Dec 21
QUINCY, Ill.----Titan International, Inc. announced today the closing of its offering of $172.5 million principal amount of 5.625% Convertible Senior Subordinated Notes due 2017 , which included the exercise in full of the initial purchasers’ option to purchase $22.5 million principal amount of additional Notes to cover over-allotments.
10. Motorcar Parts of America to Present at Cowen Consumer Conference in New York - GlobeNewswire - Mon Dec 21
LOS ANGELES -- Motorcar Parts of America, Inc. today announced it is scheduled to make a presentation on Monday, January 11, 2010 at 1:30 p.m. Eastern time at Cowen and Company's 8th Annual Consumer Conference at The Westin New York at Times Square.
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