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Investors Cheer Thor/Keystone Deal

The investment community apparently loves the Thor Industries Inc. plan to acquire rapidly growing towables manufacturer Keystone RV Co., as indicated by the fact Thor’s stock climbed $2.29 a share, or 7%, today (Oct. 31) to close at $35. Thor’s stock price gain...

Will Gas Prices Continue to Fall?

Average U.S. gas prices at the pump have fallen to the lowest level since early January 2000, the Wall Street Journal reported today (Oct. 30). Citing U.S. Department of Energy data, the Journal reported the average gas price has fallen 26 cents a gallon since...

Monaco to Debut New Diesel Coaches

Monaco Coach Corp. will introduce “several new diesel-powered motorhomes” a month from now as it attempts to respond to “market pressure” that arose “during the initial weeks of the fourth quarter,” according to Chairman and CEO Kay Toolson. The introduction of the...

Virginia Campground Business Flourishing

Campground operators in Virginia have seen a surge in business since the Sept. 11 terrorist attacks, according to William Small, executive director of the Virginia Campground Association. “We’re sorry our gain is your pain,” Small said during a recent public hearing...

Patrick Industries Posts 3Q Loss

Manufactured home and RV industry OEM supplier/distributor Patrick Industries Inc. lost $729,000 during the third quarter because of lower production volumes in both industries, according to David Lung, president and CEO. The company’s third quarter sales declined 14%...

Newmar Hires Dick Parks as President

Highline motorhome and towable RV manufacturer Newmar Corp. has hired former Fleetwood Enterprises Inc. executive Richard “Dick” Parks to be its president. Parks replaces Virgil Miller, who was promoted to chairman, according to Mahlon Miller, owner of the Nappanee,...

Spartan Posts $1.6 Million Profit

Emergency vehicle and diesel pusher chassis supplier Spartan Motors Inc. earned $1.6 million during the third quarter, reversing a $10 million loss incurred a year earlier. The adoption of lean manufacturing principles made a major contribution to the turnaround, said...