International Business News - Tenneco http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Tenneco Inc. said Tuesday it swung to a third-quarter loss, hurt by a hefty writedown on part of its deferred tax assets. The maker of emission and ride control systems for automobiles reported a loss of $136 million, or $2.92 per share, compared with a profit of $21 million, or 45 cents per share, in the year-ago period. http://www.ibtimes.com/articles/20081104/tenneco-swings-to-3q-loss-on-hefty-writedown.htm Tue, 04 Nov 2008 11:00:25 EST Tenneco Inc. on Wednesday announced that it will cut 1,100 jobs worldwide and close five facilities in a broad restructuring of operations as the company grapples with an industry downturn. http://www.ibtimes.com/articles/20081029/tenneco-to-lay-off-1-100-worldwide-shut-plants.htm Wed, 29 Oct 2008 12:04:14 EDT Auto parts supplier Tenneco Inc. said on Thursday its outlook for 2008 and 2009 is no longer valid given tough conditions in the automotive industry. In February, the company said it expected original equipment revenue of $5.5 billion in 2008 and $6 billion in 2009. http://www.ibtimes.com/articles/20080731/tenneco-says-2008-2009-outlook-no-longer-valid.htm Thu, 31 Jul 2008 09:38:41 EDT Auto parts maker Tenneco Inc. said Thursday its second-quarter earnings tumbled by more than two-thirds as it reeled from production cuts at U.S. automakers. http://www.ibtimes.com/articles/20080731/tenneco-says-2q-earnings-tumble-as-us-demand-slips.htm Thu, 31 Jul 2008 09:36:33 EDT More than 100 workers at an Owen Sound, Ontario auto parts plant have learned they will lose their jobs because General Motors Corp. is reducing production of lightweight trucks and sport utility vehicles. http://www.ibtimes.com/articles/20080715/auto-supplier-tenneco-canada-to-lay-off-104.htm Tue, 15 Jul 2008 12:53:06 EDT Automotive parts maker Tenneco Inc. said Thursday it reached a preliminary agreement to buy the suspension business of Italy-based Gruppo Marzocchi. The deal is the initial step and a final agreement and closing on a potential purchase of the business is dependent on a number of factors, including consultations with the labor councils representing Marzocchi employees, Tenneco said. http://www.ibtimes.com/articles/20080710/tenneco-reaches-deal-to-buy-suspension-business.htm Thu, 10 Jul 2008 16:25:24 EDT Auto parts maker Tenneco Inc. will add two catalytic converter manufacturing lines to its Elkhart exhaust plant as part of a $6 million expansion expected to be finished by year's end. http://www.ibtimes.com/articles/20080701/auto-parts-maker-tenneco-expanding-indiana-plant.htm Tue, 01 Jul 2008 14:59:07 EDT Tenneco Inc. says it has finalized an agreement to buy assets and inventory from Delphi Corp.'s suspension plant in the Dayton suburb of Kettering. Tenneco, a Lake Forest, Ill.-based auto-parts supplier, said Friday it will pay about $10 million for ride-control parts in the plant's inventory and $9 million for machinery and equipment. http://www.ibtimes.com/articles/20080530/tenneco-finalizes-deal-for-assets-of-delphi-plant.htm Fri, 30 May 2008 17:59:55 EDT