Feb 24, 2002
Q. In 2000 I bought a used Chevrolet Cavalier with the four-cylinder engine. It had 34,000 miles. I purchased an extended warranty from the dealership for $2000. Last year I had a water pump, an oxygen sensor and a cruise control module replaced. It was done at the dealership because of the zero deductible insurance. ... Continue reading
Northrop Grumman to Discard Auto Business if It Can Buy Ohio-Based TRW
Feb 22, 2002
AP reported that, the automotive business of Ohio-based TRW Inc. typically makes up most of its sales and profits. However, as far as bidder Northrop Grumman Corp. is concerned, the real prize would be something much smaller -- TRW's aerospace and information systems business. The defense giant on Friday offered to buy ... Continue reading
Tuffy Announces Agreement to Purchase Car-X
Feb 22, 2002
TOLEDO, Ohio, Feb. 22 -- Tuffy Associates Corp. has announced that it has entered into an agreement under which a subsidiary of Tuffy will purchase substantially all the assets of SMK Speedy International Inc.'s Car-X business in the United States. Tuffy Associates Corp. is a privately held corporation that operates 25 ... Continue reading
Midas Reports 2001 Fourth Quarter and Full-Year Earnings
Feb 21, 2002
ITASCA, Ill.--Feb. 21, 2002--Midas, Inc. today announced its results for the fourth quarter and the full year ended December 29, 2001. For the fourth quarter 2001, Midas reported a net loss of $0.18 per share, after special charges of $0.20 per diluted share. In the 2000 fourth quarter, Midas reported a net loss of $0. ... Continue reading
Mitchell Releases New Version of FirstEstimate
Feb 21, 2002
SAN DIEGO--Feb. 21, 2002-- Version 1.5 Offers Enhanced Performance and More "DRP Centric" Features for Auto Insurers and Collision Repairers Mitchell International announced today the availability of a new, enhanced version of FirstEstimate, the first -- and only -- Web-based estimating system for the automotive collis ... Continue reading
Advance Auto Parts Earnings- 2001 Sales Increased 10.0%
Feb 20, 2002
ROANOKE, Va., Feb. 20 -- Advance Auto Parts, Inc. ended December 29, 2001, which includes four weeks of results from Discount Auto Parts, which was acquired on November 28, 2001. The as reported results include one-time after-tax expenses of $23.0 million incurred in the fourth quarter, as described in the previous pre ... Continue reading
Oh Boy, Another Ford Problem-Volvo Plans to Change Due To Electromagnetic Excess
Feb 20, 2002
STOCKHOLM, Feb 20 Reuters reports that auto manufacturer Volvo, a Ford Company, known for its safety-conscious luxury sedans, plans technical changes in three of its models due to worries that the electromagnetic fields in these cars may pose a health hazard. Volvo said there was no evidence that the electromagnetic fi ... Continue reading
Pedal Adjusters Could Give Ford More Legal Troubles -Trial Begins In Louisville KY
Feb 19, 2002
February 18, 2002 Washington DC, Nedra Picker of The Associated Press reported that in just three years, power adjusters for the gas and brake pedals have become Ford Motor Co.'s best-selling optional feature. Ford markets the item as a convenience that allows drivers to sit farther from the steering wheel while still ... Continue reading
3M Automotive Brings Revolutionary Lextra Fiber Graphics to Automotive
Feb 19, 2002
ST. PAUL, Minn.--Feb. 18, 2002--3M Automotive recently signed a global supply and marketing agreement that makes 3M the exclusive source of supply to the automotive industry for revolutionary Lextra Fiber Graphics. Lextra fiber graphics are manufactured using the world's first direct, electrostatic, flock heat-transfer ... Continue reading
Independent Aftermarket Gaining Ground on Dealers for Service Capacity
Feb 15, 2002
BETHESDA, Md., Feb. 15 --- While new car dealers have lost roughly 25 percent of their service capacity in the past 12 years as a result of a decline in service bays, the independent aftermarket has added nearly 200,000 service bays during the same period, according to a new market research report from the Automotive A ... Continue reading
OOOPS:Three Volvo models pose electromagnetic risk-study
Feb 14, 2002
STOCKHOLM, Feb 14 Reuters reports that three models made by Volvo Car Corp, known for its safety-conscious luxury sedans, have electromagnetic fields up to 80 times higher than levels considered safe, a study published on Thursday said. The test conducted by Swedish magazine Vi bilagare showed that Volvo's V70, S60 and ... Continue reading
ACDelco Tech Challange Winner Announced
Feb 14, 2002
FOR RELEASE: February 14, 2002 Grand Blanc, Mich. - The beauty of an online sweepstakes is that you can live almost anywhere - even on an island - and still have as good a chance at winning as anyone. Just ask Richard Libertino, who recently won a trip to the 2002 Daytona 500 in the ACDelco TechConnect Technician Chall ... Continue reading
Automotive Accessory Installers Pass SEMA Certification Tests With Flying Colors
Feb 14, 2002
FOR IMMEDIATE RELEASE Media Contact: Rosemarie Kitchin, <rosemariek@sema.org> SEMA 909/396-0289, ext. 104 AUTOMOTIVE ACCESSORY INSTALLERS PASS SEMA CERTIFICATION TESTS WITH FLYING COLORS DIAMOND BAR, Calif. - The SEMA Installer Certification Program is off to a strong start. In fact, according to recently tabulated sco ... Continue reading
LMI Ball Joints For Honda, Acura Recalled
Feb 13, 2002
• • LMI USA, Inc. • Models: LMI USA Ball Joints • Number Involved: 2,904 • Dates of Manufacture: December 2000 - April 2001 • Defect: Certain aftermarket replacement ball joints for steering or suspension systems on 1990-1993 Acura Integra, 1986-1989 Honda Accord, 1988-1991 Honda Civ ... Continue reading
Feb 13, 2002
• Mazda (North America), Inc. • Models: Mazda MPV Years: 2000-2001 • Number Involved: 19,000 • Dates of Manufacture: April 1999 - November 2001 • Noncompliance: Certain minivans without anti-lock braking systems (ABS) fail to comply with the requirements of Federal Motor Vehicle Safety Sta ... Continue reading
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