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Weak Demand Triggers Coachmen 4Q Loss

Eroding demand in its core markets contributed to a $30.9 million net loss for Coachmen Industries Inc. during the company’s fourth quarter, ended Dec. 31. “In 2006, we encountered contracting markets in both of our industry segments for the second consecutive...

Longtime, Family-Owned Ark. Dealer Sold

Crain Automotive Holdings LLC, which has recently bought several auto dealerships in central Arkansas, on Tuesday (Jan. 31) announced the purchase of Camper Capps in Little Rock, which will be renamed Crain RV. According to a report by Arkansas Business, the Capps...

Industry Analysts Weigh in on Thor News

Shares of Jackson Center, Ohio-based Thor Industries Inc. tumbled Tuesday (Jan. 31) after the recreational vehicle and commercial bus maker said it may need to restate two years of financial results due to accounting issues at a subsidiary. Thor’s board audit...

Consumer Confidence Improves in January

Consumers were feeling confident in January: The job market was chugging along and oil prices were down. But, according to an Associated Press report, their optimism may dwindle on concerns that job and wage growth may slow. The Conference Board, a private research...

Thor Probes Dutchmen Accounting Issues

Jackson Center, Ohio-based Thor Industries Inc. said late Monday (Jan. 29) it may need to restate financial statements going back to 2004, as it probes accounting at a subsidiary. The company said its board’s audit committee and independent outside advisors are...

King of the Road Shuts Down Operations

Grand Island, Neb.-based Chief Industries Inc. announced Monday (Jan. 29) that its King of the Road subsidiary in nearby York would close immediately. According to TV station KOLN/KGIN, the fifth-wheel and diesel pusher plant employs 53 people. A call by RV Business...