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March 13, 2009 |
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ASBESTOS LITIGATION: Standard Motor Accrues $23.76M Liability Standard Motor Products, Inc.'s accrued asbestos liability was US$23,758,000 as of Dec. 31, 2008, compared with US$22,651,000 as of Dec. 31, 2007, according to a Company report, on Form 8-K, filed with the Securities and Exchange Commission on March 6, 2009. Headquartered in Long Island City, N.Y., Standard Motor Products, Inc. manufactures engine management and air- conditioning replacement parts for the automotive aftermarket. Products include ignition and electrical parts, emission and engine controls, voltage regulators, sensors, ignition wires, and distributor caps and rotors. |
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