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News
News Auto Repair & Service Magna spinoff Intier Automotive post 60% profit increase, warns of slowdown
August 15, 2001 by
Auto Service World
Original equipment parts supplier, Intier Automotive Inc., newly spun off by Magna International as a publicly traded company, reported a 60% rise in second-quarter profit Tuesday.Despite the auto industry slowdown, the auto parts company said net income rose to $18.4…
News Auto Repair & Service Fore-Tenn Agencies Partner Killed in Motorcycle Accident
August 13, 2001 by
Auto Service World
Tom Hodgson, partner in Fore-Tenn Marketing West, was killed yesterday in a motorcycle accident in Chicago, Ill.Few details were available at this time, although Hodgson was in Chicago to attend the National Hardware Show and was combining a motorcycle trip…
News Auto Repair & Service Heavy Focus on Aluminum Content for 2002 Vehicles
August 9, 2001 by
Auto Service World
The average aluminum content in 2002 model year cars and light trucks will increase to 268 pounds per vehicle, up from 255 pounds just last year, according to a report from American Metal Market (AMM), a metal trades journal.Both domestic…
News Auto Repair & Service Kirmac Technology Division and CCC Renew Agreement
August 8, 2001 by
Auto Service World
CCC Information Services Inc. and KiTSystems, the technology division of British Columbia-based Kirmac Automotive Collision Systems, announced that they have reached agreement for CCC to continue providing collision repair management solutions to the industry through the end of 2006.As a…
News Auto Repair & Service Manufacturers and Distributors Dispute E-business’ Role, Says Report
August 6, 2001 by
Auto Service World
A new report funded by the Distribution Research and Education Foundation says that manufacturers and distributors are at odds over the role e-busness will play.The report, from Pembroke Consulting of Philadelphia, Penn., "Facing the Forces of Change: Future Scenarios for…
News Auto Repair & Service Canadian Tire Reports Second Quarter Earnings Up 8.9%, Same Store Sales Up 7%
August 3, 2001 by
Auto Service World
Canadian Tire Corporation, Limited reports its consolidated net earnings of $53.4 million, compared to the $49.0 million recorded in 2000, are an 8.9% increase. Earnings before interest expense, income tax, depreciation and amortization (EBITDA) also rose 8.9% to $142.8 million…
News Auto Repair & Service Uni-Select Inc. Increases 2nd Quarter Earnings By Nearly 50%
August 2, 2001 by
Auto Service World
Uni-Select releases its results for the second quarter of 2001, posting a 47.3% increase in earnings over last year. The company’s net earnings have increased by 47.3% to $4,374,000 or $0,24 per share compared to $2,970,000 or $0.16 per share,…
News Auto Repair & Service JC Whitney Gains Exclusive License to CarParts.Com Consumer Business
August 1, 2001 by
Auto Service World
CarParts.com, a division of CarParts Technologies, and JC Whitney Company have announced that JC Whitney will become the exclusive licensee of CarParts.com consumer business.JC Whitney, based in Chicago, Ill., will license the CarParts.com URL and provide all sales and service…
News Auto Repair & Service SPX Exceeds Earnings Estimates, Cost Reduction to Net $100 Million in Savings
August 1, 2001 by
Auto Service World
SPX Corporation reports that its second quarter results have exceeded estimates and that cost savings and integration efforts arising from acquisitions are expected to reap $100 million U.S. in annualized savings.Second quarter results included $910.1 million in revenues and earnings…
News Auto Repair & Service Starter and Alternator Demand Set to Rise, Says Study
July 31, 2001 by
Auto Service World
Demand for starters and alternators is set to rise, says a report by research firm Frost & Sullivan.The research says that as the automotive industry continues to experience high sales, car owners are using their vehicles for shorter and more…
News Auto Repair & Service Ontario Bans CFCs In Mobile A/C Service
July 26, 2001 by
Auto Service World
The Ontario government has introduced regulations which will prohibit CFC service starting next year.After January 1, 2002, mobile air conditioners in cars, trucks and buses may no longer be refilled with refrigerants containing chlorofluorocarbons (CFCs). “Auto makers have been using…
News Auto Repair & Service Diagnostic Information Increases Technician Efficiency
July 25, 2001 by
Auto Service World
MechanicNet Group, Inc. (MechanicNet), in partnership with Automotive Technical Resources (ATRi), announced today its release of the Table of Known Good Values. This leading edge diagnostic tool developed by ATRi dramatically increases technician efficiency and effectiveness. Using the Table of…