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Stock Market Tumbles, RV Shares Mixed

The stock market, particularly the Nasdaq composite, ended November on a sour note as investors continued to dump technology shares. The Nasdaq fell 109 points, or 4%, Thursday after computer maker/retailer Gateway and chip maker Altera warned Wall Street to expect...

Fleetwood Posts $3 Million Loss

Fleetwood Enterprises Inc. reported it lost $3.4 million during the three months ended Oct. 29, primarily because of losses in manufactured home retailing, costs related to factory closures and the fact its RV business operated slightly in the red. The $3.4 million...

Nasdaq Plunges Again, RV Stocks Mixed

The Nasdaq composite hit a new 13-month low by falling 28 points, or 1%, Wednesday as investors remained worried about the impact of a slowing economy on tech company profits. Meanwhile, the Dow Jones Industrial Average climbed sharply, 122 points, or 1.2%, on...

Draw-Tite, Reese Parent Taken Private

MascoTech Inc., parent of RV towing equipment suppliers Draw-Tite and Reese, was taken private Tuesday (Nov. 28) by Heartland Industrial Partners LLP, a firm led by former Reagan Administration budget director David Stockman. As a result of the transaction, MascoTech...

Spartan Intros Mid-Engine me2 Chassis

Spartan Motors Inc. introduced a Class A motorhome platform with the diesel engine mounted in the middle of the chassis to give interior and exterior designers more flexibility, according to John Sztykiel, president and COO. The new chassis, called the me2, is similar...

The Dow and Most RV Shares Climb

The Dow Jones Industrial Average gained Monday as investors bought stocks that they feel will do well during a Bush presidency. The Dow climbed 76 points, or 0.7%. Meanwhile, the Nasdaq composite declined 24 points, or 0.8%, Monday as tech sector investors continue to...

Dura Buys German Auto Supplier

Dura Automotive Systems, Inc., parent of RV industry supplier firms Atwood Mobile Products and Excel Industries, has purchased German steering parts supplier Reiche GmbH & Co, KG (Reiche Automotive) for $20 million. The purchase price includes stock and Dura’s...

Stock Markets and RV Shares Climb

Bargain-hunting occurred on the stock market as it did in the shopping malls on Friday, traditionally the busiest day of the year for retailers. Investors in RV company stocks also benefitted as almost all RV company shares gained value on Friday. The Nasdaq composite...