|Day's Range||4.0000 - 4.0000|
Rating Action: Moody's places ratings of 25 US auto and commercial vehicle parts suppliers, and certain logistics providers under review for downgrade. Global Credit Research- 26 Mar 2020. New York, March ...
Tenneco Inc. (NYSE: TEN) today announced the appointment of Aleksandra ("Aleks") Miziolek to its Board of Directors, effective immediately. The Company also announced that it appointed Ms. Miziolek and Roy Armes, who joined the Board on March 10, 2020, to its Nominating and Governance Committee effective April 1, 2020.
Tenneco Inc. (NYSE: TEN) today announced that Kenneth R. Trammell has been appointed to the role of interim Chief Financial Officer, effective April 1, 2020. Mr. Trammell's appointment follows Jason Hollar's decision to leave the role of Executive Vice President and Chief Financial Officer in order to accept an equivalent role at a Fortune 100 company.
The 2020 Chevrolet Corvette Stingray's signature sound and performance are enabled by advanced exhaust and powertrain technologies from Tenneco Inc. (NYSE:TEN). Tenneco's Clean Air and Powertrain Business Groups supply the complete cold-end exhaust system, as well as a range of components for the eighth generation sportscar's Small Block V-8 LT2 engine.
Tenneco Inc. (NYSE: TEN) today announced, as part of its ongoing Board refreshment process, the appointment of Roy Armes to its Board of Directors, effective immediately. In connection with this appointment, the Board will temporarily expand to 12 directors, 10 of whom are independent, until the 2020 Annual Meeting, at which point the Tenneco Board will be reduced to 11 directors. Director Roger Porter has announced that he will not stand for reelection at the 2020 Annual Meeting.
An innovative new material from Tenneco Inc.'s (NYSE: TEN) Powertrain business group delivers wear-resistant performance with greatly reduced cobalt content, helping engine manufacturers mitigate the limited availability and price volatility of cobalt. Demanding high temperature applications that typically rely on cobalt to provide wear resistance in high temperature ranges, such as heavy-duty turbocharger wastegate bushings, EGR valves, and high performance engine valve seats will benefit from the new material. Using an alternative sintered steel formulation, trials have shown that the cobalt content in Tenneco's sintered materials can be reduced significantly without compromising wear resistance.
MOOG®, the premium steering and suspension brand from DRiV, introduced 45 new part numbers during January and February 2020, including 21 first-to-market parts.
Tenneco Inc. (NYSE: TEN) today announced that its Board of Directors has named Dennis J. Letham as Lead Independent Director and appointed new chairpersons and reconstituted the membership of each Board committee. These changes, which will take effect on April 1, 2020, are part of the Company's ongoing Board and governance refreshment process.
For the sixth consecutive year, Garage Gurus®, the industry-leading training and support platform from DRiV, will award up to $30,000 in scholarships to future automotive technicians who are accepted or currently enrolled in accredited, U.S.-based automotive technical schools, colleges, and universities, or enrolled full-time at a U.S. high school. Applications are now available for the opportunity to receive one of 12 $2,500 Garage Gurus Automotive Technician Scholarships for the 2020-2021 school year (visit www.garagegurus.tech). All materials must be submitted by April 30, 2020; winners will be announced on or about June 1, 2020.
Tenneco Inc. (NYSE: TEN) will participate in the J.P. Morgan 2020 Global High Yield & Leveraged Finance Conference on February 26, 2020. The webcasted presentation is scheduled to begin at 11:00 pm Eastern and run for 35 minutes. Jason Hollar, Chief Financial Officer, will give a strategic overview and provide information regarding matters that may impact the company's outlook and details on its performance acceleration plan.
Tenneco Inc. (NYSE: TEN) will participate in the Wolfe Research Global Auto, Auto Tech and Mobility Conference on February 25, 2020. The webcasted presentation is scheduled to begin at 1:30 pm Eastern and run for 45 minutes. Brian Kesseler, Chief Executive Officer and Jason Hollar, Chief Financial Officer will give a strategic overview and provide information regarding matters that may impact the company's outlook and details on its performance acceleration plan.
Monroe® Shocks and Struts, a leading global brand from DRiV has introduced new part numbers to offer expanded coverage to over 2.2 million vehicles in operation (VIO) in the month of February. New products include a conversion kit, Magnum™ steering stabilizer, and OESpectrum® shocks and struts for 37 popular domestic and import passenger vehicles.
Tenneco Inc. (NYSE: TEN) today announced that it has reached an agreement with its senior lenders to amend the leverage covenant ratio of its senior credit facility, which increases the Company's maximum net leverage ratio to 4.50 through the first quarter of 2021. Moving forward, the covenant decreases gradually until 3.50 is reached by the fourth quarter of 2022.
Tenneco (TEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Walker® Emissions Control, a leading global brand from DRiV, announces new replacement catalytic converter and muffler product offerings, along with assorted hardware and accessories, extending coverage to more than 16 million vehicles in operation (VIO) in North America. Now available are 33 additional Walker CalCat® and Walker Ultra® converters, four new Walker Quiet-Flow® SS stainless-steel mufflers, and 27 new Walker resonator assembly, gasket and pipe part numbers.
Moody's Investors Service affirmed the ratings of Tenneco Inc. ("Tenneco") including the Corporate Family and Probability of Default ratings at B1 and B1-PD, respectively, the senior secured debt at Ba3, and the senior unsecured debt at B3.
Monroe® Shocks and Struts, a leading global brand from DRiV, recently announced 33 new part numbers for its RoadMatic® strut assembly range, extending coverage to over 5.6 million vehicles in operation (VIO). RoadMatic strut assemblies include all the components required for a complete repair in a single, fully assembled unit and are designed to aid in the extension of vehicle life for millions of passenger cars, light trucks, CUVs, and SUVs.
Tenneco Inc. (NYSE: TEN) today announced, as part of its ongoing Board refreshment process, the appointment of automotive industry veteran Charles "Chuck" K. Stevens III to its Board of Directors, effective today. Mr. Stevens' appointment follows the Company's January 27, 2020 announcement of its commitment to adding at least one new independent director over the course of 2020. The Company intends to continue this refreshment process throughout the year.