Ford dumps Kwik-Fit, CTA in cash race
Aug 12, 2002
August Cole, wrote this piece for CBS.MarketWatch.com we thought you might like to read it here. Aug. 12, 2002 DEARBORN, Mich. (CBS.MW) - Ford Motor said Monday it's selling domestic and European maintenance and repair operations as part of a corporate drive to raise $1 billion by year's end. The No. ... Continue reading
Ford to Sells Kwik-Fit at Significant Loss
Aug 12, 2002
DETROIT Reuters reported that Ford Motor Co. on Monday said it agreed to sell its Kwik-Fit vehicle repair business to a private equity group for less than a third of what Ford paid three years ago. The private equity group, London-based CVC Capital Partners, will purchase Kwik-Fit for $500 million in cash and a note to ... Continue reading
FORD ANNOUNCES INTENT TO SIGN KWIK-FIT SALE AGREEMENT; CTA SALE FINAL
Aug 12, 2002
On track to meet $1 billion cash realization goal in 2002 from divestiture of non-core assets CVC Capital Partners intend to purchase Kwik-Fit for £330 million (about $500 million); Ford will retain a 19 percent equity interest Private businessman purchases Collision Team of America Sale of Hertz Equipment Rental Corp ... Continue reading
Korean Anti-(Crappy)Car Websites Pressured to Shut Down
Aug 12, 2002
Kim Ki-tae a Staff Reporter for the Korean Times reported that, The number of automobile consumer complaint homepages has been on a downturn trend apparently due to the pressure and lobby by car makers. One of the most popular ``anti-Web sites, www.anticar.co.kr, was shut down recently. The site was a vanguard of consu ... Continue reading
Chrysler Recalls 464,000 PT Cruisers
Aug 9, 2002
DETROIT Reuters reported that Chrysler arm of DaimlerChrysler AG said on Friday that it has recalled 464,315 of its 2001 and 2002 PT Cruisers to install a secondary seal to a fuel pump after a fuel leak was discovered following a government crash test. Chrysler said it knew of no incidents or complaints of the fuel lea ... Continue reading
Aug 9, 2002
WILMINGTON, Del., Aug. 8 Dr. Robert R. Matheson, Jr., one of the world's foremost scientists on coatings -- one of the oldest technologies known to humans -- will have his scientific paper "20th- to 21st- Century Technological Challenges in Soft Coatings" featured in the upcoming edition of SCIENCE magazine. ADVERTISEM ... Continue reading
It's Hot Out There! Make Sure You're Smart When Cooling Your Car, Says LA Auto Club
Aug 9, 2002
LOS ANGELES--Aug. 8, 2002--With summer temperatures climbing during the height of the vacation driving season, chances are that vehicle air-conditioning systems are working almost constantly to keep drivers and passengers comfortable. The Automobile Club of Southern California is advising motorists to make sure they us ... Continue reading
Complete List Of NHTSA Recalls This Week (Since July 30,2002)
Aug 6, 2002
New information added to the databases since 07/30/2002. Recalls NHTSA CAMPAIGN ID Number: 02V202000 Component: SUSPENSION:SINGLE AXLE:REAR Manufacturer: GENERAL MOTORS CORP. Year: 2003 Make: CHEVROLET TRUCK Model: C4500 Recall Date: 08/01/2002 Type of Report: Vehicle Potential Number of Units Affected: 952 Manufacture ... Continue reading
Toyota recalls 154,000 Highlander SUVs
Aug 6, 2002
DETROIT, Aug 6 Reuters reported that Toyota Motor Corp. has recalled 154,593 of its 2001 and 2002 model year Highlander sport utility vehicles due to a fuel-vapor nozzle which could leak during a front-end collision. Toyota discovered the problem nozzle during crash tests, said spokesman John Hanson. He said the automa ... Continue reading
Alpine Begins Shipping DVD-Based Multi-Format Head Unit
Aug 5, 2002
Alpine's New DVA-7996 In-Dash DVD Player Bridges Superior Mobile Video Entertainment With Playback of Latest Audio Formats Including MP3 and XM Satellite Radio TORRANCE, Calif., Aug. 5 -- Alpine Electronics of America, Inc., the industry-leading manufacturer of high performance mobile electronics, today announced that ... Continue reading
About - Gas Saving Products - Facts or Fuelishness
Aug 4, 2002
Gas prices are up, and so is the volume of advertising for "gas-saving" products. When gasoline prices rise, consumers often look for ways to improve fuel efficiency. Although there are practical steps you can take to increase gas mileage, the Federal Trade Commission (FTC) warns you to be wary of any gas-saving claims ... Continue reading
About - Taking the Scare Out of Auto Repair
Aug 4, 2002
Presented by the Federal Trade Commission, the National Association of Attorneys General and the American Automobile Association The best way to avoid auto repair rip-offs is to be prepared. Knowing how your vehicle works and how to identify common car problems is a good beginning. It's also important to know how to se ... Continue reading
BASF Introduces Time Machine For Paint Shops-Antique Color Chip guide on CD-ROM
Jul 31, 2002
SOUTHFIELD, Mich., July 31 Matching the original color on a classic or vintage car -- for example, a 1942 Nash -- can be pretty tricky. Now restorers and collectors of older cars have a new resource available from BASF that takes the guesswork and waste out of choosing and mixing the color they need: The BASF Antique C ... Continue reading
Midas Reports Second Quarter Earnings; Company Shops, Parts Warehouse Inc. Achieve Profitability
Jul 31, 2002
ITASCA, Ill.--July 31, 2002--Midas, Inc. today announced its results for the second quarter ended June 29, 2002. Net income in the second quarter was $4.1 million, or $0.27 per diluted share, compared with net income of $6.9 million, or $0.46 per share, in the second quarter of 2001. Overall sales and revenues for the ... Continue reading
Jul 31, 2002
WASHINGTON, July 30 -- Senate hearing witnesses outlined the unfairness and potential danger to millions of drivers inherent in the monopoly auto dealers and manufacturers have on repairs and maintenance of automobiles built after 1995. More than 150 independent mechanics were in attendance. Sen. Paul Wellstone (D-MN) ... Continue reading
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