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
Florida Company Buy Of Italian Motor Oil Firm OK'd By EU
Sep 19, 2003
BRUSSELS September 19, 2003; Steve de Bonvoisin of Dow Jones reported that the European Union Commission Friday approved the acquisition by U.S. venture capital firm Vestar Capital Partners LLP of Italian motor oil company FL Selenia. The deal is worth EUR670 million. Vestar will pay EUR470 to former owners Doughty Han ... Continue reading
Sep 11, 2003
DETROIT September 11, 2003; John Porretto writing for the AP reported that the United Auto Workers and Big Three automakers appeared close to simultaneous labor agreements Thursday, three days before the current pacts expire, union and auto officials familiar with the talks said. The sources, who spoke to The Associate ... Continue reading
Sep 11, 2003
BLOOMFIELD HILLS, Mich., Sept. 11 -- Penske Corporation announced today that Gregory J. Houfley, CPA, has been appointed Executive Vice President, Chief Financial Officer of Penske Automotive Group, (PAG) located in El Monte, California. Mr. Houfley will relocate from Penske Corporation's corporate headquarters in Mich ... Continue reading
Motorola Introduces Ground-Breaking Miniature A-GPS Module
Sep 11, 2003
CHICAGO, Sept. 10 -- Motorola, Inc. , today launched FS Oncore(TM), a breakthrough miniature Global Positioning System (GPS) product. The FS Oncore module, smaller than a dime at 200 Sq. mm, is used for adding accurate location sensing to virtually any portable electronics product. The GPS receiver, designed specifical ... Continue reading
Pep Boys Declares Quarterly Dividend; Dividends Paid Since 1950
Sep 11, 2003
PHILADELPHIA--Sept. 10, 2003--The Pep Boys - Manny, Moe & Jack , the nation's leading full-service automotive aftermarket chain announced that its Board of Directors approved the payment of the next quarterly dividend of $.0675 per share on October 27, 2003, to holders of record on October 13, 2003. The annual dividend ... Continue reading
Earl Scheib Announces Significantly Improved Results for the First Quarter of Fiscal 2004
Sep 11, 2003
SHERMAN OAKS, Calif.--Sept. 10, 2003--Earl Scheib, Inc. (AMEX:ESH) reported its results for its first fiscal quarter ended July 31, 2003. Net sales for the first quarter of fiscal 2004 were $13,254,000, an increase of 1.4% from the first quarter of fiscal 2003 net sales of $13,070,000 despite operating eight fewer reta ... Continue reading
Automotive Telematics Gains Ground in Europe: Enabling Vehicles for Wireless Services
Sep 11, 2003
FRANKFURT, Germany--Sept. 10, 2003--Automotive Telematics is about enabling vehicles for wireless communications, and nowhere is this as important as it is in Europe. This is largely due to high mobile phone penetration, restrictions on the use of handsets while driving, and the presence of a single network standard. A ... Continue reading
ABRA Auto Body & Glass Opens 14th Atlanta-Area Repair Center in Buckhead
Sep 11, 2003
MINNEAPOLIS--Sept. 10, 2003--ABRA Auto Body & Glass, the nation's leader in damaged vehicle repair services, announced today the acquisition of Prestige Auto Service at 205 Pharr Road NE in the Buckhead area of Atlanta. This acquisition represents ABRA's eighty-second repair center, sixty-two of which are corporate-own ... Continue reading
O'Reilly Auto Parts Gain 45 Mbps Throughput Over 12 Mbps Link with Expand ACCELERATORs
Sep 10, 2003
ROSELAND, N.J.--Sept. 10, 2003-- Four Times More Network Capacity Accelerate IBM AS/400 Data Mirroring While Reducing WAN Costs Expand Networks, the leader in WAN compression and optimization appliances, today announced that O'Reilly Auto Parts a nationally recognized, specialty retailer of automotive aftermarket parts ... Continue reading
Tenneco Automotive Appoints New Chief Financial Officer
Sep 10, 2003
LAKE FOREST, Ill., Sept. 10 -- Tenneco Automotive announced today that Kenneth R. Trammell has been named senior vice president and chief financial officer. He was the company's vice president and controller and has been serving as interim CFO since July of this year. The appointment is effective immediately. Mr. Tramm ... Continue reading
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