Automotive Technology industry alert provided by U.S. Equity News. For its outstanding achievements in developing diverse supplier companies, Johnson Controls (NYSE: JCI) once again was recognized as the "Corporation of the Year" by the Michigan Minority Business Development Council (MMBDC). This year marks the tenth time in the past 12 years in which Johnson Controls has gained this important honor. MMBDC representatives presented Johnson Controls with the award at the group's 24th Annual Awards Dinner on October 16. The event was attended by more than 1,500 people, and was held at the Marriott Hotel at the Renaissance Center in Detroit, Michigan.
Commercial Vehicle Group, Inc. (NASDAQ: CVGI) recently announced it will host a conference call and webcast to discuss the Company's third quarter 2007 earnings on Wednesday, October 24, 2007, at 10:00 a.m. ET. The Company will issue an earnings announcement prior to the conference call. Mervin Dunn, president and chief executive officer, and Chad M. Utrup, chief financial officer, will recap the third quarter 2007 earnings. Commercial Vehicle Group is a leading supplier of fully integrated system solutions for the global commercial vehicle market, including the heavy-duty truck market, the construction and agriculture market and the specialty and military transportation markets.
Autoliv Inc. (NYSE: ALV) , the world-wide leader in automotive safety, has agreed to buy 41% of the shares in its 59% held Chinese company Autoliv (Changchun) Maw Hung Vehicle Safety Systems for nearly U.S. $14 million. The joint venture, which has one of Autoliv's nine manufacturing facilities in China, primarily produces seatbelts. The acquisition is subject to customary governmental approvals. The joint venture in Changchun in Northern China was formed in 2002 to deliver safety products primarily to FAW-Volkswagen Jetta, Audi A6 and First Automotive Works.
PTA Holdings, Inc. (OTC: PTAH) recently announced that it executed a Letter Of Intent with US Boron, LLC ("USB"), a major chemical lubricant manufacturer that supplies specialty lubricants to heavy industry and manufacturing, to form a Joint Venture to develop and market Mileage Enhancement Modification Packages for internal combustion engines. The Joint Venture will be called Mileage Management Corp. ("MMC") and PTA will license its proprietary V-Flow Fuel Maximizer for use in this package. US Boron will also license royalty-free to MMC all of USB's existing intellectual property relating to lubrication and friction-reducing compounds. For the full StocksJournal CFA report, please visit, http://www.stocksjournal.com
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