Navistar International Corporation has accrued US$21 million for environmental and Superfund matters, of which amounts are included within Other current liabilities and Other noncurrent liabilities, as of July 31, 2011.
Most of these accrued liabilities are expected to be paid subsequent…
Navistar International Corporation’s subsidiary — International Industria de Motores da America do Sul Ltda. (IIAA) formerly known as Maxion International Motores S/A — received a notice on July 15, 2010 from the State of Santa Catarina Environmental Protection Agency (FATMA)…
Lear Corporation had recorded environmental reserves of US$2.6 million as of July 2, 2011 and US$2.7 million as of Dec. 31, 2010.
The Company has been named as a potentially responsible party at several third-party landfill sites and is engaged in…
Visteon Corporation, at June 30, 2011, had recorded a reserve of about US$1 million for environmental matters.
However, estimating liabilities for environmental investigation and cleanup is complex and dependent upon a number of factors beyond the Company’s control and which may…
Navistar International Corporation has accrued US$21 million for environmental matters that may arise, which are included within Other current liabilities and Other noncurrent liabilities, as of April 30, 2011.
The majority of these accrued liabilities are expected to be paid subsequent…
Visteon Corporation, at Dec. 31, 2010, had recorded a reserve of about US$1 million for environmental investigation and cleanup.
Visteon Corporation supplies climate, interiors and electronics systems, modules and components to global automotive original equipment manufacturers. The Company has a workforce…
On Oct. 25, 2010, Ford Motor Company was advised by the Department of Justice that a criminal investigation regarding alleged environmental violations at the Sterling Axle Plant has been closed.
As previously reported, the Michigan Department of Environmental Quality (MDEQ) issued…
General Motors Company’s environmental liability amounted to US$205 million as of Sept. 30, 2010 and US$190 million as of Dec. 31, 2009.
At Sept. 30, 2010, the Company estimates that remediation losses could range from US$150 million to US$390 million.
Headquartered in…
TRW Automotive Holdings Corp., as of Oct. 1, 2010, had reserves for environmental matters of US$55 million.
In addition, the Company has established a receivable from Northrop Grumman Corporation for a portion of this environmental liability as a result of indemnification…
Navistar International Corporation has been named a potentially responsible party, in conjunction with other parties, in a number of cases arising under an environmental protection law, the Comprehensive Environmental Response, Compensation, and Liability Act, popularly known as the “Superfund” law.
Four…