Federal investigators have concluded that the cruise control switch found in 6.7 million Ford vehicles might cause a potentially devastating fire that could spread throughout the engine compartment and set the vehicle ablaze.

Meridian Automotive Systems, Inc. today announced that the Bankruptcy Court has approved its Disclosure Statement and proposed solicitation procedures, thereby allowing the company to enter the final stages of its exit from Chapter 11.

New analysis from Frost and Sullivan North American Class 6-8 Truck OE Safety Systems Market, reveals that the market accrued revenues of $334 million in 2005 and is likely to reach $631.6 million in 2012. (PRWeb Oct 20, 2006)