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News By Topic: Parts Dealers

Precision Tune Auto Care Signs Agreement With Hong Kong Company to Open 330 Centers in China

Precision Tune Auto Care Signs Agreement With Hong Kong Company to Open 330 Centers in China

LEESBURG, Va., Sept. 2 -- Precision Auto Care, Inc. (BULLETIN BOARD: PACI) on Tuesday signed a master franchise agreement with senior executives of Hung Yue Holdings (Hong Kong) Co., Ltd. giving that firm's affiliate, Precision Tune Auto Care (China) Company Limited, a license to open and operate at least 330 Precision ... Continue reading

CSK Auto Corp. Reports Fiscal 2004 Second Quarter Net Income Increases 28% Compared to Second Quarter of Fiscal 2003

CSK Auto Corp. Reports Fiscal 2004 Second Quarter Net Income Increases 28% Compared to Second Quarter of Fiscal 2003

PHOENIX--Sept. 2, 2004--CSK Auto Corp. , the parent company of CSK Auto Inc., a specialty retailer in the automotive aftermarket, today reported its financial results for the second quarter of fiscal 2004. Financial Results Thirteen Weeks Ended Aug. 1, 2004 Net sales for the 13 weeks ended Aug. 1, 2004 (the "second qua ... Continue reading

Caterpillar Logistics Signs Agreement With Cadillac Europe

Caterpillar Logistics Signs Agreement With Cadillac Europe

Caterpillar Subsidiary to Provide Wide Range of Aftermarket Logistics Services to Several GM Brands in European Market BRUSSELS, Belgium, Aug. 23 -- Caterpillar Logistics Services, Inc. (Cat Logistics), a wholly owned subsidiary of Caterpillar Inc. , has signed a logistics services agreement with Cadillac Europe B.V., ... Continue reading

HOT ROD magazine Licenses Name for New Line of Automotive Tools

HOT ROD magazine Licenses Name for New Line of Automotive Tools

NEW YORK--Aug. 23, 2004--PRIMEDIA Enterprises, the licensing merchandising division of PRIMEDIA Inc. , today announced that Alltrade Tools LLC, a global leader in the design, manufacturing and marketing of tools and shop equipment has selected HOT ROD for a new line of branded automotive tools and garage equipment, whi ... Continue reading

New York Auto Service Firms Agree to Ad Reforms

New York Auto Service Firms Agree to Ad Reforms

ALBANY, N.Y. August 22, 2004; MICHAEL VIRTANEN writing for the AP reported that four auto service companies have agreed to stop advertising a set price for oil changes while charging additional fees that are not clearly disclosed under a deal New York authorities announced Sunday. An investigation by New York State Att ... Continue reading

AutoXray, Inc. Products Now Available Through Parts Stores

AutoXray, Inc. Products Now Available Through Parts Stores

TEMPE, Ariz., Aug. 16 -- AutoXray Inc., the leading provider of cost-effective, automotive diagnostic scan tools announced today that effective immediately, AutoZone will be offering AutoXray's line of scan tools available to their customers via special order. This is in addition to AutoZone stores in Mexico that have ... Continue reading

Genuine Parts Company Announces New Chief Executive Officer and Declares Regular Quarterly Dividend

Genuine Parts Company Announces New Chief Executive Officer and Declares Regular Quarterly Dividend

ATLANTA--Aug. 16, 2004--Larry Prince, Chairman of the Board and Chief Executive Officer of Genuine Parts Company , announced that the Board of Directors elected Thomas C. Gallagher to the position of President and Chief Executive Officer of the Company. Mr. Gallagher, 56 years old, has been with Genuine Parts Company f ... Continue reading

Pep Boys Reports Comparable Sales Increase - Service Down

Pep Boys Reports Comparable Sales Increase - Service Down

PHILADELPHIA--Aug. 11, 2004--The Pep Boys - Manny, Moe & Jack , the nation's leading full-service automotive aftermarket chain, announced its financial results for the thirteen weeks ended July 31, 2004, as well as a number of organizational changes that are effective immediately. Financial Results Second Quarter Sales ... Continue reading

Advance Auto Parts Reports Record Second Quarter 2004 Results

Advance Auto Parts Reports Record Second Quarter 2004 Results

Comparable Store Sales Grew 5.0% and EPS Rose to $0.70; Company Generates First Quarter of Double-Digit Operating Margins; $200 Million Stock Repurchase Program Announced ROANOKE, Va., Aug. 11 -- Advance Auto Parts, Inc. , a leading retailer of automotive parts and accessories, today announced record revenue and earnin ... Continue reading

Farmers Insurance Warns Vehicle Owners of Windshield Replacement Scams

Farmers Insurance Warns Vehicle Owners of Windshield Replacement Scams

LOS ANGELES, Aug. 10 -- Driving with a cracked or broken windshield puts both drivers and their passengers at risk. In fact, insurance companies in some states are required by law to waive the deductible for damaged or broken windshields in an effort to encourage vehicle owners to make the appropriate repairs. But acco ... Continue reading

Midas Delivers Solid Results and Returns To Profitability

Midas Delivers Solid Results and Returns To Profitability

ITASCA, Ill.--Aug. 5, 2004--Midas, Inc. reported net income of $2.6 million--or $0.16 per diluted share--for the second quarter ended July 3, 2004, the company's first quarterly net income since the third quarter of 2002. Last year, Midas reported a second quarter loss of $32.7 million--or $2.10 per diluted share--afte ... Continue reading

Auto Data Network's CarParts Technologies Subsidiary Awarded Contract by Big O Tires

Auto Data Network's CarParts Technologies Subsidiary Awarded Contract by Big O Tires

NEW YORK & TUNBRIDGE WELLS, England Aug. 4, 2004; Auto Data Network Inc., a provider of software and real-time data services to the automotive industry, today announced that its subsidiary, CarParts Technologies Inc. (CarParts), a leading provider of open, eCommerce and business automation software solutions for the No ... Continue reading

Auto Data Network Announces the Acquisition of CarParts Technologies

Auto Data Network Announces the Acquisition of CarParts Technologies

TUNBRIDGE WELLS, U.K. & NEW YORK--Aug. 3, 2004-- First acquisition of a U.S.-Based Independent Software Vendor by Auto Data Network Commences Entry into the U.S. Market Auto Data Network Inc. (OTCBB:ADNW), a provider of software and real-time data services to the automotive industry, today announced the acquisition of ... Continue reading

R&B, Inc. Reports Sales and Earnings for the Second Quarter Ended June 26, 2004

R&B, Inc. Reports Sales and Earnings for the Second Quarter Ended June 26, 2004

COLMAR, Pa., July 30 -- R&B, Inc., today announced financial results for the second quarter ended June 26, 2004. For the second quarter ended June 26, 2004, sales increased 11% to $64.3 million from $58.1 million in the same period last year. Net income in the second quarter of 2004 was $5.3 million compared to net inc ... Continue reading

Midas, Inc. Welcomes New Owners of Midas Europe Operations

Midas, Inc. Welcomes New Owners of Midas Europe Operations

ITASCA, Ill.--July 29, 2004--Midas, Inc. confirms the pending sale of its licensed operations in Europe and Latin America by current owner Magneti Marelli., a member of the Fiat Group, to France's Norauto Group. A similar announcement was made today by Norauto and Magneti Marelli. "We are extremely confident in the abi ... Continue reading

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