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Miller Industries, Inc. · Ooltewah, TN United States ·(NYSE: MLR)

Company Description

8503 Hilltop Dr.
Ooltewah, TN
37363
United States (Map)
Phone: 423-238-4171
Fax: 423-238-5371
Toll Free: 800-292-0330
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    Miller Industries has seen its share of Talladega nights. The company makes bodies for light- and heavy-duty wreckers, along with car carriers and multi-vehicle trailers. It serves as the official recovery team at some of the NASCAR races (including Talladega), as well as the Indy 500 races. Miller makes its recovery and towing vehicles at plants in the US and Europe. Its multi-vehicle transport trailers can carry as many as eight vehicles and loads up to 75 tons. Miller Industries' US brand names include Century, Challenger, Champion, Chevron, Eagle, Holmes, Titan, and Vulcan. The company's European brands are Jige (France) and Boniface (UK). Miller and rival Jerr-Dan dominate the US market for wrecker bodies. To read the full description, subscribe now.
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    Key Miller Industries, Inc. Financials

    Company TypePublic - NYSE: MLR

    Headquarters
    Fiscal Year-EndDecember
    2008 Sales (mil.)$271.0
    2008 Employees760

    Miller Industries, Inc. Executives

    8 executives listed for Miller Industries, Inc.'s Ooltewah, TN location.
    TitleName & BioContact
    Chairman and Co-CEOWilliam MillerNetwork
    President, Co-CEO, and DirectorJeffrey BadgleyNetwork
    EVP, CFO, and Treasurer; President, Financial Services GroupJ. Vincent MishNetwork

    Competition

    Competitive Landscape for Miller Industries, Inc.
    Demand is driven by employment and interest rates. The profitability of individual companies depends on manufacturing efficiency, product quality, and effective marketing. Large companies have economies of scale in purchasing and marketing; smaller companies can compete by focusing on specialized markets. The industry is capital-intensive: average annual revenue per employee is nearly $2 million. US-based automakers compete with numerous foreign rivals, including companies such as Toyota, Honda, and Nissan that have extensive auto assembly operations in the US. Through stateside manufacturing capacities and exports to the US, foreign carmakers collectively have about half of the US market. US auto manufacturers' financial positions have deteriorated dramatically in recent years. The "Detroit Three" (Chrysler, Ford, and GM) have suffered from import competition and high cost structures. High gas prices, few small car offerings, and near record-low consumer demand during the late 2000s recession drove Chrysler and GM into bankruptcy, where their debts were restructured. Chrysler and GM also received billions in loans from the US and Canadian governments. Ford, which has joined GM and Chrysler in various government incentive programs but has not received direct federal investment, avoided bankruptcy largely due to more than $20 billion in secured and unsecured loans it took out in 2006. To read the full description, subscribe now.
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