Dover Corp. Acquires Warn Industries
Oct 1, 2003
CHICAGO October 1, 2003; Reuters reported that Dover Corp.a maker of ink-jet printers, electronic components and garbage trucks, said Wednesday it has acquired Warn Industries Inc. in a $325 million cash deal. Warn, a privately held maker of vehicle winches and hub locks, has annual sales of more than $150 million. The ... Continue reading
The Great (Mid) American Success Story
Sep 30, 2003
By Marc J. Rauch Exec. Vice President & Co-Publisher I had a long look at a wonderful heart warming success story last weekend during Corvette’s 50th Anniversary Party in Effingham, Illinois. A story that exemplifies what hard work, dedication, ingenuity, and a free-market economy can produce. But it’s not ... Continue reading
Federal-Mogul Named Undercar Parts Supplier to Sears
Sep 30, 2003
SOUTHFIELD, Mich., Sept. 30 -- Federal-Mogul Corporation has been selected by Sears, Roebuck and Co. to supply automotive brake, chassis and wheel-end components to its Sears Auto Service Centers in the United States. (Logo: http://www.newscom.com/cgi-bin/prnh/20000525/DETH025LOGO ) Sears will stock and install brand-n ... Continue reading
Sep 30, 2003
SEATTLE--Sept. 30, 2003--The Cobalt Group today announced that Toyota Motor Sales (TMS), U.S.A., Inc. and Cobalt have renewed their Toyota National Parts Locator (TNPL) agreement and enhanced the TNPL -- powered by Cobalt's PartsVoice suite of products and services -- with daily locator file updates. TMS endorses the T ... Continue reading
NAPA-Sponsored NASCAR Winston Cup Team Wins EA Sports 500
Sep 29, 2003
Michael Waltrip pilots No. 15 NAPA Chevrolet to victory at the Talladega Superspeedway ATLANTA, Sept. 29 -- Edging out teammate Dale Earnhardt Jr., by a car length, Michael Waltrip helped secure another victory for the NAPA AUTO PARTS Motorsports Program as he drove the No. 15 NAPA Chevrolet to victory at the EA Sports ... Continue reading
Modern Tire: Modern Tire Dealer names 2003 Dealer of the Year
Sep 26, 2003
AKRON, Ohio--Sept. 26, 2003-- Ohio dealer John Marshall earns industry's top honor Modern Tire Dealer (MTD) magazine has named John Marshall of Dayton, Ohio, its 2003 Tire Dealer of the Year. Marshall's company, Grismer Tire Co., is one of North America's most successful independent tire dealerships. Marshall beat out ... Continue reading
Way To Go Walt! - CustomerLink Systems Raises $3.2M in Round B
Sep 26, 2003
ROSEVILLE, Calif.--Sept. 25, 2003--Today, CustomerLink Systems, the premier provider of customer development programs and services to the automotive service and repair industry announced the completion of their B-Series funding round. The $3.2 million in funding provides new capital for continued development and expans ... Continue reading
Electrovaya and Exide Technologies Announce Collaboration for New Energy Solutions
Sep 26, 2003
TORONTO and PRINCETON, N.J., Sept. 25 -- Electrovaya Inc. (TSX: EFL) ( www.electrovaya.com ), a world leader in lithium ion SuperPolymer(R) battery technology and systems, and Exide Technologies (BULLETIN BOARD: EXDTQ) ( www.exide.com ), a global leader in stored electrical-energy solutions, have signed a non-binding M ... Continue reading
United Components, Inc. Names Charlie Dickson Chief Financial Officer
Sep 25, 2003
WASHINGTON--Sept. 25, 2003--United Components, Inc., one of the country's largest and most diversified automotive parts manufacturers, has named Charlie Dickson Chief Financial Officer and a member of its Board of Directors. Mr. Dickson succeeds John Ritter, the company's Interim CFO, and assumes overall responsibility ... Continue reading
ArvinMeritor to Close Franklin, Ind. Exhaust Facility
Sep 24, 2003
TROY, Mich., Sept. 24 -- ArvinMeritor, Inc. announced today the decision to close its Light Vehicle Systems (LVS) exhaust facility in Franklin, Ind. The closure is part of LVS' restructuring plan to reduce fixed costs and enhance customer satisfaction through just-in-time delivery. It is also the result of factors in t ... Continue reading
Sep 24, 2003
Castrol SYNTEC Outperforms Day to Showcase World-Renown Drivers And Motorsports Celebrities INDIANAPOLIS, Sept. 24 -- The full fury of a 700-horsepower engine will echo on this September morning as a two-seater dragster approaches the starting line at Indianapolis Raceway Park, carrying the precious cargo of a 78 year- ... Continue reading
Pep Boys Present Their View Of the Future
Sep 24, 2003
PHILADELPHIA--Sept. 23, 2003--The Pep Boys - Manny, Moe & Jack , the nation's leading automotive aftermarket and service chain, will outline its go-forward strategy today at the 2003 Morgan Stanley Convertible Conference. President and CFO, George Babich, commented, "With our new leadership and vision firmly in place, ... Continue reading
AutoZone Fourth Quarter GAAP EPS $2.27; Same Store Sales Up 3%; ROIC Improves to 23.4%
Sep 22, 2003
MEMPHIS, Tenn., Sept. 22 -- AutoZone, Inc. today reported sales of $1.829 billion for its fourth fiscal quarter (16 weeks) ended August 30, 2003, a decrease of 0.8% from the fourth quarter (17 weeks) ended August 31, 2002. Excluding sales from the extra week included in the prior year, sales were up 5.5%. Same store sa ... Continue reading
TBC Corporation Signs Definitive Agreement To Acquire National Tire & Battery From Sears
Sep 22, 2003
-- Deal Will Add 226 Retail Locations with Annual Revenues in Excess of $425 Million -- Total Store Count Increases 25% to 1,144 Locations -- TBC to Enter Several New Major Metropolitan Markets -- Transaction Expected to be Accretive to TBC's Earnings in 2004 MEMPHIS, Tenn., Sept. 22 -- TBC Corporation , one of the nat ... Continue reading
New Auto TechTips Available from Timken
Sep 22, 2003
CANTON, Ohio, Sept. 22 -- The Timken Company introduces a new series of technical information - Automotive TechTips, for installers, technicians and do-it-yourselfers. Timken Automotive TechTips shows how-to install and maintain hubs, bearings and seals. (Logo: http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO You c ... Continue reading
The Auto Channel content library (since 1996) has grown to become the world’s most extensive and complete interactive archive of automotive centric news, articles, reviews and intense event coverage, presented to viewers as Text, Video and Images.
