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Stock Market & Financial Investment News

News Breaks
August 12, 2014
12:25 EDTTHOThor Motor Coach recalls 2014-2015 Axis, Vegas motorhomes
Thor Motor Coach, a unit of Thor Industries, is recalling certain model year 2014-2015 Axis and Vegas motorhomes manufactured August 2, 2013 to June 18. Due to the use of an incorrect adhesive, the treads on the entry stairs into the vehicle may come loose. Loose stair treads can result in a person slipping and falling, increasing the risk of injury. Thor will notify owners, and dealers will reinstall the stair treads with the correct adhesive and additional screws, free of charge. The recall is expected to begin in August. Reference Link
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September 16, 2014
16:17 EDTTHOThor Industries subsidiary begins construction on new production plant
Thor Industries announced that its Keystone subsidiary has begun construction on a new plant for travel trailer production adjacent to its existing complex in Goshen, Indiana. Company said "Our investment in this new plant will allow us to expand travel trailer production and better serve our dealer partners. Our dealers are committed to Keystone and optimistic regarding the future of our market, providing us with the confidence to make a sizable investment of nearly $6M in the new plant and related equipment." Keystone's new 120,000 square-foot travel trailer plant is the latest addition to a sprawling Keystone campus in Goshen, Indiana. With this expansion program, Keystone expects to increase overall travel trailer production capacity, allowing the Company to better meet the continued growth in demand for towable RVs
September 15, 2014
16:17 EDTTHOThor Industries announces expansion projects at Heartland
Thor Industries announced several projects to expand production and office space at its Heartland subsidiary in Elkhart. The projects include the purchase and renovation of an existing office building, expansion of a plant dedicated to production of lightweight travel trailers, expansion of a production facility to produce Toy Haulers, the renovation and dedication of a single facility to the production of destination trailers and the purchase and renovation of a building for a new service center. Chris Hermon, Heartland president said, "In total, we are planning to invest nearly $8M in new or renovated facilities to take better care of our dealer partners and retail consumers, at both the front end with enhanced production and the back end with superior service after the sale." Heartland expects to increase overall production capacity by nearly 20%.

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