Used automobile parts - Cash Technologies Subsidiary Agrees to Sell Tomco Assets for Up to $11 Million (SYS-CON Media)
Cash Technologies Subsidiary Agrees to Sell Tomco Assets for Up to $11 Million (SYS-CON Media) Cash Technologies, Inc. announced today that its majority-owned subsidiary, TAP Holdings, LLC, has entered into an agreement to sell certain of its assets (the 'Tomco Assets') to Champion Parts, Inc. (BULLETIN BOARD: CREB) for up to $11 million in cash and debt. The Asset Purchase Agreement provides for the sale of most of the Tomco Assets including all carburetor-related inventory, intellectual
Source: www.sys-con.comJapan's Denso invests in U.S. as other auto suppliers cut back (Detroit News) DETROIT -- Denso Corp., a Japanese automotive parts supplier, is stepping up investment in its North American operations at a time when many of its competitors in the U.S. market are struggling.
Source: www.detnews.com
