Feb 27, 2004
PASADENA, Calif.--Feb. 26, 2004--Bridgestone/Firestone North American Tire, LLC. (BFNT) announced today that it is recalling 490,000 Steeltex tires (LT265/75R16 Load Range D) tires which were made in Canada for use on Ford Excursion vehicles manufactured in 2000-2002 and for some 2003 models. These tires are allegedly ... Continue reading
Restructuring Charges Drive Midas to a Net Loss in Fiscal 2003
Feb 27, 2004
ITASCA, Ill.--Feb. 26, 2004--Midas, Inc. reported a net loss of $76.2 million--or $4.93 per diluted share--for fiscal 2003, which ended Jan. 3, 2004. The loss is primarily the result of business transformation charges of $102.6 million related to the completion of a major restructuring in which the company exited the u ... Continue reading
Feb 26, 2004
SPRINGFIELD, Mo.--Feb. 25, 2004--O'Reilly Automotive, Inc. ("O'Reilly" or "the Company") today announced record revenues and earnings for the fourth quarter and year ended December 31, 2003, representing 11 consecutive years of record revenues and earnings and positive comparable store product sales increases for O'Rei ... Continue reading
Schnitzer Steel to Add Three Stores to Its Pick-N-Pull Auto Parts Business
Feb 25, 2004
PORTLAND, Ore.--Feb. 25, 2004--Schnitzer Steel Industries, Inc. ("Schnitzer") announced today that its wholly owned subsidiary, PNP Auto Parts Canada Co., signed definitive agreements to buy the assets and will lease the sites of three self service used auto parts stores in Calgary and Edmonton, Alberta and Kelowna, Br ... Continue reading
GM Cut 4,400 Contract Jobs In Two Years
Feb 19, 2004
DETROIT February 19, 2004; Sharon Silke Carty writing for Dow Jones reported that General Motors Corp. has eliminated more than 4,400 contract jobs in a little more than two years as part of its cost-cutting maneuvers. Many of those were white-collar design and engineering jobs at the company's Warren Technical Center ... Continue reading
FleetPride Announces New Marketing Manager
Feb 19, 2004
THE WOODLANDS, Texas, Feb. 18 -- FleetPride, Inc., the nation's largest independent aftermarket distributor of heavy-duty truck parts, today announced the appointment of Melinda Riley to the new position of Marketing Manager for FleetPride. (Logo: http://www.newscom.com/cgi-bin/prnh/20010427/FLEETPRIDELOGO ) Ms. Riley ... Continue reading
Advance Auto Parts Reports Record Fourth Quarter and Fiscal 2003 Results
Feb 18, 2004
Best Quarterly and Year-End Results in Company History; Fourth Quarter Same Store Sales Gain of 7%; Fourth Quarter Earnings Exceed Company Guidance ROANOKE, Va., Feb. 18 -- Advance Auto Parts, Inc. , a leading retailer of automotive parts, today announced record revenue and earnings for its fourth quarter and fiscal ye ... Continue reading
Auto Dealers Put Out 'Help Wanted' Sign
Feb 18, 2004
As Government Leaders Decry Jobless Recovery, Industry Seeks to Plug Major Labor Shortage by Targeting Returning Military, Students MCLEAN, Va., Feb. 18 -- Today an all-out effort to attract returning military veterans and tech-savvy students to rewarding, high-paying automotive-related jobs was announced by Automotive ... Continue reading
Feb 15, 2004
INDIANAPOLIS--Feb. 14, 2004--Dealernews, the premier business-to-business magazine for powersports retailers, announces the winners of the Top 100 Awards, the industry's largest, longest running and most prestigious store design and marketing awards program. The Top 100 competition, now starting its 14th year, recogniz ... Continue reading
Bandag Acquires Majority Interest in Speedco, Inc.
Feb 14, 2004
North America's Leading Quick-Service Truck Lubrication Business Will Continue To Be Managed by Founders Who Retain Minority Interest MUSCATINE, Iowa, Feb. 13 -- Bandag, Incorporated today announced that it has acquired an 87.5% majority interest in Speedco, Inc. from its founders and Shell Oil Products US. Bandag, a w ... Continue reading
AFSA Members to Include More Disclosures In Vehicle Financing Contracts
Feb 13, 2004
WASHINGTON, Feb. 12 -- A trade association for many of the nation's auto creditors today announced that its members will add a new statement to their vehicle financing contracts that tells consumers they may negotiate the Annual Percentage Rate (APR) when they buy a car or light truck from a dealership. Under a new vol ... Continue reading
Monro Muffler Brake to Acquire 36 Locations of Mr. Tire from Mile One Automotive;
Feb 10, 2004
ROCHESTER, N.Y.--Feb. 10, 2004--Monro Muffler Brake, Inc. today announced that it has signed a definitive agreement with privately held Mile One Automotive to acquire 36 Mr. Tire locations in Maryland and Virginia. The transaction is an asset purchase, valued at approximately $29 million, which will be funded primarily ... Continue reading
Feb 9, 2004
SAN JUAN CAPISTRANO, Calif.--Feb. 9, 2004-- Allied Exhaust Turns to CarParts Technologies for Cost Savings, Operational Improvements and Customer Relationship Management CarParts Technologies Inc. (CPT), the leading provider of open, eCommerce and business automation software solutions for the automotive aftermarket, t ... Continue reading
Median Age Of Cars Now 8.6 Years - Fewer U.S. Vehicles are Being Scrapped, Polk Reports
Feb 9, 2004
* Percentage of U.S. vehicles scrapped at 5.5%, lowest since 1993 * Car scrappage rate of 5.2%, lowest since 1948 * Median car age of 8.6 years, record levels two years running SOUTHFIELD, Mich., Feb. 9 -- Vehicle scrappage rates declined 9.1 percent in 2003, according to R. L. Polk & Co. The number of passenger cars s ... Continue reading
"Clicks+ Branding" Advertising Program For Automotive Aftermarket Introduced
Feb 2, 2004
Clicks+BrandingTM “double-dip” advertising Now For As Little As $199 per Month Automotive Aftermarket Advertisers Can Get Total Market Segment Advertising For the first time ever, a single ad buy on The Auto Channel on-line, offers aftermarket manufactures and distributors a way to reach participants in eve ... Continue reading
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