Commercial Veh Group Inc Stock Price, News & Analysis

CVG (NASDAQ: CVGI) will conduct a quarterly conference call on May 3, 2023, at 10:00 a.m. ET, to review its financial results for the first quarter of 2023. The company plans to release a press announcement and presentation before the call. Participants can join via toll-free numbers or an international dialing option. Those unable to attend can access a webcast from the company’s website, which will be archived for one year. A telephonic replay will also be available until May 17, 2023. This call represents an essential opportunity for investors to gain insights into CVG's financial performance and strategic direction.

CVG (NASDAQ: CVGI) has launched an aftermarket e-commerce platform, AftermarketTruckParts.com, aimed at supporting commercial vehicle operators in the U.S. The platform features over 250 popular products, including brands like Bostrom Seats and National Seats, enabling users to place orders and receive them directly from the factory.

CEO Harold Bevis emphasized the importance of this launch in addressing issues like driver retention and vehicle uptime. The site also includes a blog for truck and fleet owners, offering tutorials and industry insights. To celebrate the launch, a promotional code for 10% off first orders is available.

CVG is expanding its global operations with new manufacturing facilities in Morocco and Mexico, set to become operational in Q3 2023. Each facility is anticipated to create approximately 1,000 jobs, enhancing CVG's capacity in the electrification systems sector. The new plant in Tangier, Morocco will leverage local technical talent, while the Aldama, Mexico site aims to support North American and emerging markets. These developments align with CVG's strategic goal to strengthen its electrification systems business. The company is also exploring additional locations in the Asia Pacific region to further its expansion efforts.

CVG (NASDAQ: CVGI) will present virtually at the Sidoti Small-Cap Virtual Conference on March 22, 2023, at 2:30 p.m. ET. The CEO, Harold Bevis, and CFO, Andy Cheung, will lead the presentation. Investors can access the webcast through the company’s investor section on its website, with presentation materials available for 30 days post-event. Management will also meet virtually with registered investors, providing an opportunity for direct engagement.

For further inquiries, investors can contact CVGI@alpha-ir.com. More information about the company and its offerings can be found on cvgrp.com.

CVG (NASDAQ:CVGI) has appointed Russell Ketteringham as the new President of Vehicle Solutions for North America and Europe, effective March 1, 2023. Ketteringham joins CVG with 25 years of experience from BOS Automotive, where he was President and CEO for North America. In his new role, he will manage CVG’s OE seating, cab structures, trim systems, and plastics parts businesses across these regions. His extensive background in program management, product development, and customer relations is expected to enhance CVG's growth and profitability strategies, reinforcing the company’s commitment to targeted growth and free cash flow.