WSJ: GM’s Sale of Allison Transmission Stalls

July 24, 2007 by · Leave a Comment 

General Motor Corp.’s plans to sell its Allison Transmission unit have hit a roadblock due to an increasingly difficult market for corporate debt, according to a report in the Wall Street Journal. The paper reported today (July 24) that, according to sources, Wall Street firms postponed a sale of $3.1 billion in loans that would pay for the leveraged buyout of Allison by private-equity firms. Investors have been shying away from sales of junk bonds and similarly rated corporate loans for several... Read more

Fleetwood Looking Into Moving Headquarters

July 23, 2007 by · Leave a Comment 

Fleetwood Enterprises Inc. said its recreational vehicle and manufactured housing groups will look into potentially relocating their headquarters from Riverside, Calif., according to an Associated Press report. President and CEO Elden Smith said during a Friday (July 20) employee meeting that he gave the presidents of the groups the authority to evaluate the potential relocations for business and strategic reasons, according to a filing with the Securities and Exchange Commission (SEC). Smith said... Read more

Nappanee Window Acquires Idaho Company

July 23, 2007 by · Leave a Comment 

Supplier Nappanee Window LLC recently acquired Roberts Manufacturing Inc. in Caldwell, Idaho, to improve service for its West Coast customer base. Terms of the transaction were not disclosed. The Nappanee, Ind.-based company said the Caldwell plant will expand production of its RV ramps, baggage doors and steel products for the entire western region while also reducing shipping costs and delivery time. Nappanee Window already operates a facility in Riverside, Calif. “Production close to consumption... Read more

NRV Appoints Degnan VP Sales and Marketing

July 23, 2007 by · Leave a Comment 

Motorhome manufacturer National RV Inc. recently announced the promotion of Scott Degnan to vice president of sales and marketing. Degnan previously served as the Perris, Calif.-based company’s director of sales. He replaces Doug Kollmyer, who left National RV in June. “Nation What To Do To Get Ur Man Back al RV is fortunate to have Scott take on this important leadership position,” said Len Southwick, National RV president. “His energy, determination and industry savvy will realize much... Read more

Gulf Stream’s Conquest Unit Ups Production

July 23, 2007 by · Leave a Comment 

Conquest Motorhomes, a division of Gulf Stream Coach Inc., said it has quadrupled production rates on its luxury Class C motorhome lines built on International chassis. The International 4025 chassis is available as an option on the Endura Class C and the 4000 platform is standard on the SuperNova, which is equipped with a 300-hp International diesel VT 365 engine coupled with an updated 2500 series Allison transmission. Nappanee, Ind.-based Gulf Stream said that the increased production is, in part,... Read more

Four Winds Adds Euro-Design to ‘C’ Lineup

July 23, 2007 by · Leave a Comment 

Elkhart, Ind.-based Four Winds International Corp., a division of Thor Industries Inc., redesigned three entries in its 2008 Class C motorhome lineup – the Four Winds Siesta and sister lines Dutchmen Dorado and Chateau Citation – with curved exterior and interior walls and new seamless front caps to give the coaches a more aerodynamic, European look. The three minimotorhome brands are built standard in 21- to 31-foot lengths on either 12,300-pound GVWR Ford E-350 or 14,050-pound GVWR Ford E-450... Read more

OPEC Hints at Increasing Crude Oil Output

July 23, 2007 by · Leave a Comment 

Gas prices dropped below a national average of $3 a gallon over the weekend, while energy futures had their own decline on Monday (July 23) on suggestions that OPEC may increase its output. The Associated Press reported that Hasan Qabazard, research director of the Organization of Petroleum Exporting Countries (OPEC), told Dow Jones Newswires he thinks oil is fairly valued at $60 to $65 a barrel, leading some to conclude the cartel may be open to reversing its long-held position that oil supplies... Read more

FEMA to Keep Selling Disaster-Relief Trailers

July 23, 2007 by · Leave a Comment 

The Federal Emergency Management Agency (FEMA) will keep selling and donating surplus disaster-relief trailers despite concerns from environmental groups and the start of testing to determine whether the trailers have unhealthy levels of formaldehyde, the agency said. According to the Associated Press, the U.S. Centers for Disease Control and Prevention and the Department of Homeland Security’s Office of Health Affairs are to begin air quality testing in the trailers Tuesday (July 24). “Potential... Read more

Canadian Dollar Spurs Sales of U.S.-Built RVs

July 20, 2007 by · Leave a Comment 

A healthy Canadian dollar is one reason many recreational vehicles manufactured in the United States are selling at lower than normal prices across the border, according to industry officials. The Edmonton Journal reported that earlier this week, the Canadian dollar hit a 30-year high of 95.27 cents (U.S.). “The Canadian dollar is having a significant impact on the value consciousness of RVs right now,” said Ross Hodgins, owner of RV City in Morinville. “In some respects products... Read more

Report: Locals Bid for Fleetwood Canada Plant

July 20, 2007 by · Leave a Comment 

As the July 25 plant closing date nears for Fleetwood Canada in Lindsay, Ontario, negotiations are underway between management at the Lindsay plant and Fleetwood Enterprises Inc. According to a report in Kawartha Lakes This Week, Andre Lafreniere, interim economic development coordinator for the City of Kawartha Lakes, confirmed that management at the plant has proposed a buyout to Fleetwood, but said he could not disclose further details. “The current management at the Lindsay plant have proposed... Read more

Firm Pitches Composite Material to RV Makers

July 20, 2007 by · Leave a Comment 

A Cranberry, Pa., company that makes lightweight thermoplastic composite material for liners inside tractor-trailers and railway cars wants to capture part of the recreational vehicle market with a new product, according to a report by the Pittsburgh Tribune-Review. Michael C. LaRocco, president of U.S. Liner Co., a division of American Made LLC, thinks “there’s millions of dollars of potential sales in this” because the RV industry uses 651 million square feet of wood in its annual... Read more

Actuant Closing Kwikee Products Oregon Plant

July 20, 2007 by · Leave a Comment 

Butler, Wisc.-based Actuant Corp. said it is closing operations for its Kwikee Products subsidiary in Cottage Grove, Ore., affecting around 115 employees. The Associated Press reported that production at the Kwikee facility, which produces hydraulic-powered RV accessories such as retractable steps and slideouts, will be shifted to the company’s plant in Elkhart, Ind. Closure is slated for the end of the year. After growing steadily in 2004 and 2005, RV makers and related companies in Oregon’s... Read more

House Panel Says FEMA Ignored Health Issues

July 20, 2007 by · Leave a Comment 

Top officials at the Federal Emergency Management Agency (FEMA) knew about – but suppressed – reports of possible health problems from formaldehyde in trailers provided to Hurricane Katrina victims, according to documents released yesterday by a House committee. The Los Angeles Times reported that the warnings from Gulf Coast field workers were kept quiet because “senior FEMA officials in Washington … didn’t want the moral and legal responsibility to do what they knew had to... Read more

ARVC, KOA Holding First-Ever Joint Confab

July 19, 2007 by · Leave a Comment 

The National Association of RV Parks and Campgrounds (ARVC) is teaming up with Kampgrounds of America Inc. (KOA) to present the largest outdoor hospitality expo on record Nov. 6-9 at the Phoenix Convention Center and Hyatt Regency Phoenix Hotel. And, for the first time in years, ARVC’s annual InSites Convention will not be held simultaneously with the National RV Show in Louisville. By moving its annual InSites convention up by three weeks, ARVC’s expo will follow KOA’s Nov. 1-5 meeting with... Read more

FEMA Enlists CDC for Formaldehyde Testing

July 19, 2007 by · Leave a Comment 

On the eve of a U.S. House hearing on the possible health hazards of formaldehyde in hurricane-relief trailers, the Federal Emergency Management Agency (FEMA) asked the Centers for Disease Control and Prevention (CDC) for help Wednesday (July 18) in testing the air quality in the trailers. The Jackson (Miss.) Clarion Ledger reported that lawmakers in Washington, hurricane victims and environmental groups in Louisiana and Mississippi have been pressing FEMA to test the trailers’ air quality... Read more

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