$MOD (Modine Manufacturing Company)

$MOD {{ '2016-09-07T06:48:17+0000' | timeago}} • Announcement

Thermal management solutions company $MOD said it has agreed to acquire commercial and industrial coils, coolers and related products maker, Luvata Heat Transfer Solutions, for about $422MM, to be financed through a combination of cash, debt, and $25MM of $MOD common stock. Transaction is expected to close within CY 2016.

$BC {{ '2017-07-20T12:51:07+0000' | timeago}} • Announcement

$BC agreed to buy Lankhorst Taselaar, a marine parts and accessories distribution company based in the Netherlands and Germany, for undisclosed terms. Upon completion of this deal, Lankhorst Taselaar will be integrated into Mercury Marine to augment the engine maker's strong and growing P&A business in Europe. The transaction will close in 3Q17.

$MSFT {{ '2017-07-18T14:54:03+0000' | timeago}} • Announcement

$MSFT partners with Chinese Internet search giant $BIDU. Baidu will use the tech giant's cloud computing platform Microsoft Azure for its self-driving car project Apollo. Baidu, which competes with $GOOG and $TSLA in the self-driving vehicle market, will use Microsoft's Azure and share its technologies with Apollo partners outside China.

$BC {{ '2017-07-18T14:27:20+0000' | timeago}} • Announcement

The BoD of $BC declared a quarterly dividend on its common stock of $0.165 per share. The dividend is payable on Sept. 15, 2017, to shareholders of record on Aug. 22, 2017.

$F {{ '2017-07-11T12:52:02+0000' | timeago}} • Announcement

$F issued a safety recall for certain vehicles. The affected vehicles include: Ford Edge vehicles built at Oakville Assembly Plant, April 25 to June 20, 2017,  Ford Fusion vehicles built at Hermosillo Assembly Plant, May 4 to June 15, 2017, and Lincoln MKZ vehicles built at Hermosillo Assembly Plant, May 4 to June 19, 2017.

$F {{ '2017-07-11T12:50:40+0000' | timeago}} • Announcement

$F issued a safety recall for certain vehicles with 6F35 transmissions to replace torque converters. In the affected vehicles, if the welded studs detach, the torque converter will lose coupling to the engine flexplate. This can result in loss of motive power without warning while driving, which may increase the risk of a crash.

$F {{ '2017-07-11T12:48:47+0000' | timeago}} • Announcement

In North America, $F issued a safety recall for about 6,000 Ford Edge, Fusion and Lincoln MKZ 2.0-liter gas engine-equipped vehicles with 6F35 transmissions that may have torque converters with inadequately welded studs.

$F {{ '2017-07-06T14:06:30+0000' | timeago}} • Announcement

$F reported a 15% annual growth in sales in the Chinese market in June, with the number crossing 100K units. Sales at Changan Ford Automobile grew 9% annually, and those at Jiangling Motor Corporation climbed 27%.  Sales at Lincoln were higher by 84% compared to June 2016.

$GM {{ '2017-07-05T11:21:05+0000' | timeago}} • Announcement

$GM and its JV in China achieved its highest June sales ever, with deliveries rising 4.3% on an annual basis to 285,191 vehicles. The Buick, Cadillac and Baojun brands had record results for June, while Chevrolet had its strongest growth in six months. $GM's SUV segment remained the key driver of its sales growth and grew 42% in June.

$GM {{ '2017-07-03T14:04:22+0000' | timeago}} • Announcement

$GM reported a 3% annual decrease in overall US retail sales in June. However, sales of crossover vehicles jumped 23% on strong performance by the Chevrolet Equinox and Buick brands. Commercial sales in the US rose 36% during the month.  Total global vehicle sales were lower by 5% compared to June 2016.

$SUP {{ '2017-06-30T13:26:34+0000' | timeago}} • Announcement

Aluminium wheel manufacturer $SUP has named Nadeem Moiz as EVP, President and CFO, effective July 1, 2017. Most recently, Moiz served as SVP and CFO of Direct ChassisLink. Earlier, Moiz held various leadership roles at DaimlerChrysler and Graphic Packaging International.

$F {{ '2017-06-29T15:32:47+0000' | timeago}} • Announcement

$F said Felicia Fields, Ford group VP for Human Resources since March 25, 2008, leads the global Human Resources for $F. She reports to Jim Hackett, Ford president and CEO. Fields previously was VP for Human Resources, an appointment she received on Jan. 1, 2005.

$F {{ '2017-06-28T12:52:39+0000' | timeago}} • Announcement

$F has issued safety recall for about 400,000 Ford Transit vans and buses, for replacing the driveshaft flexible coupling.  They include 2015-17 Ford Transit vehicles built from Jan. 17, 2014, to June 15, 2017. The company also issued safety compliance recall for 4 Ford Police Interceptor Utility vehicles in the US to repair seat attachment studs.

$AME {{ '2017-06-22T13:13:23+0000' | timeago}} • Announcement

$AME completed its acquisition of $MOCO for $30 per share in cash per fully diluted common share, or about $182MM net of cash acquired. As a result of completion of merger, common stock of $MOCO will no longer be listed for trading. $MOCO joins $AME as part of its Process & Analytical Instruments Division within $AME's Electronic Instruments Group.

$F {{ '2017-06-20T13:27:20+0000' | timeago}} • Announcement

$F said the manufacturing plan allows the company to further grow its leadership as an exporter and deliver world-class Focus to North American customers. $F is saving $1Bil in investment costs versus its original Focus production plan, improving the financial health of its Focus business and further improving manufacturing scale in China.

$F {{ '2017-06-20T13:26:30+0000' | timeago}} • Announcement

$F said the $900MM investment secures 1,000 jobs for hourly workers at the Louisville plant. This is in addition to the $1.3Bil investment and 2,000 jobs created at that plant in late 2015 to build the all-new Ford Super Duty. Kentucky Truck employs nearly 7,600 full-time hourly workers.

$F {{ '2017-06-20T13:25:42+0000' | timeago}} • Announcement

$F said it is investing $900MM in Kentucky Truck Plant for plant upgrades to build the all-new Ford Expedition and Lincoln Navigator, which begin arriving in dealerships this fall. Both full-size SUVs will be exported to more than 55 markets globally, including Navigator to China.

$AME {{ '2017-06-05T12:33:35+0000' | timeago}} • Announcement

Frank Hermance will retire as Executive Chairman of $AME BoD, effective July 7, 2017. CEO David Zapico will assume the additional role of Chairman of the Board, effective July 7, 2017. The Board also named Anthony Conti, a current Board member, as Lead Independent Director, effective July 7, 2017.

$GM {{ '2017-06-05T12:15:56+0000' | timeago}} • Announcement

$GM and its JV in China recorded sale of 294,425 vehicles in China in May 2017. On a YoY basis, Cadillac deliveries surged 65%, while Baojun sales increasing 47%. $GM deliveries of SUVs, MPVs and luxury vehicles rose a combined 9.5% YoY. Deliveries for Buick totaled 94,023 units, while that for Chevrolet was 37,571 units during this period.

$SUP {{ '2017-06-02T13:43:50+0000' | timeago}} • Webcast

$SUP intends to offer €240MM aggregate principal amount of senior notes due 2025. The company intends to use net proceeds from the offering to repay a €240MM bridge loan that was entered into in conjunction with the purchase of outstanding shares of UNIWHEELS AG.

$F {{ '2017-06-02T10:55:52+0000' | timeago}} • Announcement

$F’s overall U.S. sales for May 2017 totaled 241,126 vehicles, up 2.2%.

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