Members of AASA, HDMA and OESA are invited to attend, “Health Care Reform: Bringing it to the Auto Supplier Level,” hosted by OESA, from 12:30-3:15 p.m. on Wednesday, May 12, at MSU Management Education Center, Troy, Mich.
This meeting offers a review of major provisions of the Patient Protection and Affordable Care Act that suppliers need to monitor as the bill is interpreted and regulations are written. Supplier member companies also may participate via live webinar.
CLEVELAND -- Eaton Corp., a supplier of engine valves and transmissions, posted first-quarter profit that exceeded analysts' estimates and raised its 2010 earnings forecast as demand increased for car and truck parts.
Net income was $155 million, or 91 cents a share, compared with a net loss of $50 million, or 30 cents a share, a year earlier, Eaton said today in a statement. Operating profit excluding a charge for changes in U.S. health-care laws and other items was $1.09 a share. The average estimate of 20 analysts surveyed by Bloomberg was 84 cents a share. Sales climbed 10 percent to $3.1 billion.
Navistar International took the occasion of Earth Day to offer a preview of its new electric truck at Capitol Hill in Washington, D.C., yesterday.
The van with its distinctive wrap-around windshield is designed and built from the ground up as an electric original, said Mark Aubry, vice president of sales and marketing for the Navistar-Modec Electric Vehicle Alliance.
JCB successfully applied for court orders resulting in preliminary injunctions with accused machines either removed and impounded or concealed.
English construction equipment and engine manufacturer JCB said it has taken action against three Far Eastern manufacturers for product copying and patent infringements. JCB said it has successfully applied for court orders in Germany resulting in preliminary injunctions being served against manufacturers who were exhibiting the infringing machines at the Bauma international construction equipment show in Munich.
Kenworth Truck Co. today announced it has received a “major” order for 1,050 of its T660 tractors powered by Paccar MX EPA2010-compliant engines from TransAm Trucking, a leading refrigerated carrier based in Olathe, KS. The OEM noted the Paccar MX uses selective catalytic reduction (SCR) technology in combination with exhaust gas recirculation (EGR) to meet the Environmental Protection Agency’s 2010 diesel engine emissions regulations.
New orders for Class 8 trucks in March rose 28 percent from a year earlier, the second month in a row they have climbed, as buyers put requests for 11,285 new vehicles on the books, according to ACT Research Co.
Orders last month reached the highest level since December, and the March total was the third-highest in the past 12 months, according to ACT. The Columbus, Ind., company said in its April 19 report that Class 8 orders jumped 3,384 units, or 42.8 percent, from February’s level.