|
October 2005  |
October 31, 2005
-
Nippon Sheet Glass makes bid approach to Pilkington - Japan's Nippon
Sheet Glass said on Monday it had made a bid approach to Britain's Pilkington
Plc, which a source close to the situation said was pitched at about 2 billion
pounds ($3.6 billion).
-
LKQ Corporation Acquires Rhode Island Recycled Auto Parts Facility - LKQ
Corporation today announced that it has acquired Advanced Auto Recycling, Inc.,
a privately held company that operates a recycled OEM automotive replacement
parts facility. Terms of the transaction were not disclosed.
-
Pilkington shares leap on bid approach - Glass maker Pilkington said it
had received a bid approach, propelling its shares over 25 percent higher on
Monday and hanging a price tag of about 2.1 billion pounds over the firm.
- Car parts
group Visteon gives staff £30,000 to go - Visteon, the global car-parts
maker that was once part of Ford, is offering its employees in Northern Ireland
a minimum of £30,000 if they agree to take voluntary redundancy.
-
Flood-damaged cars on their way here - OR: Consumers should take great
care when buying a used vehicle -- Greg Remensperger, executive vice president
of the Oregon Auto Dealers Association, said his organization is “very, very
concerned because these types of vehicles usually end up as far away from home
as possible, and in this case, Oregon is about as far from Louisiana as they
can get in the continental U.S. We think we’re going to be a major target.”
- Is he a
scavenger or a savior? - Lots of people call Wilbur Ross Jr. a vulture
investor. He finds that ridiculous. If one must liken him to a bird, he says,
then make it the phoenix, the mythical creature that repeatedly rises from its
own ashes. --"Vultures pick off the flesh and leave the carcass to rot," he
said during a conversation in the New York offices of W.L. Ross & Co., his
investment firm. "We help dying companies survive and grow."
- Big 3
fear pension reforms - Proposed plan would force beleaguered companies
to pay more to guarantee retiree pay.
- Delphi
rattles salaried ranks - Bankruptcy heightens job, pension
uncertainties of engineers pushed to do more as outsourcing grows.
- Vegas
show takes on worldly flair - After years of snubbing tuners, Honda
takes center stage, VW joins crowd at aftermarket trade event.
-
Toyota expanding facility - IN: Toyota Motor Manufacturing Indiana (TMMI)
is undertaking a $6.2 million expansion to prepare for the production of a new
model year Tundra. -- The company, located two miles south of Princeton on U.S.
41 in Gibson County, will add a 76,000-square-foot body-weld shop to the south
side of its plant.
- Strong global
sales boost Nissan's quarterly profit - Tokyo: Nissan's profit for the
July-to-September quarter climbed eight percent as strong sales offset rising
raw material costs and discount incentives in North America.
- Ford to
Invest $75M for India Expansion - Ford Motor Co. said Friday it would
invest $75 million to expand its operations in India, where it plans to launch
a new model each year. -- The company's Indian subsidiary is also rapidly
expanding its dealership network across the country, which along with China,
will be Ford's fastest growing markets worldwide, the company said.
- ASA's Buyers Guide
Offers Convenience, Caters Specifically to Automotive Service Industry
- In an effort to assist members, shop owners and industry professionals
nationwide, the Automotive Service Association (ASA) announces ASA's Ultimate
Buyers Guide for Service Professionals. The electronic-based publication offers
the automotive industry an easy-to-use business tool in which to find products
and services catered specifically to their needs.
- "Operation
Park & Wreck" Lands Three Suspects In Jail - Six Suspects Still at
Large - CA: Three suspects have been arrested following an 11-month
investigation by the California Department of Insurance of an auto insurance
fraud ring that targeted car rental and insurance companies for fraudulent
automobile damage claims.
-
Miss. auto insurance law doesn't require punitive damage coverage, court rules
- State law does not require insurance companies to cover punitive damage
awards in their automobile liability policies, the Mississippi Supreme Court
has ruled.
October 28, 2005
-
GM recalls nearly 106,000 SUVs - General Motors Corp. said on Friday
that it was recalling nearly 106,000 sport utility vehicles in the United States
and Canada to fix a rear door latch that may not close properly due to
corrosion.
-
Keystone Automotive 2Q Profit Jumps - Keystone Automotive 2Q Profit Jumps on Growth in Bumper and Crash Parts
Business
-
Auto salvage firm
buys race track site - Last week, Copart of Louisiana Inc., a subsidiary
of Fairfield, Calif.-based Copart Inc., paid $2.5 million for the 215.5-acre
property off Interstate 12 at the Livingston exit, according to U.S. Bankruptcy
Court records in Baton Rouge. Copart bought the land from the estate of bankrupt
Aldar Investments Inc., formerly known as Livingston Downs Racing Association
Inc. -- Copart officials did not return multiple telephone calls during the past
two weeks.
- Caliber Collision
Centers Opens Another State-of-the-Art Collision Repair Showcase in North Texas
- Caliber Collision Centers, an Irvine, Calif.-based operator of high-quality
collision repair facilities in California and Texas, announces the grand
opening of a 14,000 square foot, collision repair center located in Plano,
Texas.
- UnitedAuto Group to
Participate in Gabelli 29th Annual Automotive Symposium Conference
- United Auto Group, Inc., a worldwide automotive retailer, announced today
that Anthony Pordon, Senior Vice President, and George Brochick, Executive Vice
President - West Operations, will be presenters at the Gabelli 29th Annual
Automotive Symposium Conference in Las Vegas, Nevada. The presentation is
scheduled to occur from 1:00 p.m. until 2:00 p.m. Pacific Time on November 1,
2005
- TRW Automotive
Completes Acquisition of Dalphimetal; Initiates Syndication of Incremental Term
Loan Debt - TRW Automotive Holdings Corp. today announced that it has
completed the acquisition of a majority share of Dalphi Metal Espana, S.A. ("Dalphimetal"),
a European based manufacturer of airbags and steering wheels.
- Fake car-parts
raid highlights IP issue - Thailand: A recent raid on a multi-million
baht counterfeiting operation involving car parts has drawn renewed attention
to the protection of intellectual property in Thailand. -- The raid on Oct 5
involved representatives of DaimlerChrysler AG and an elite police unit.
-
Dura Automotive posts wider quarterly loss - Dura Automotive Systems
Inc., which makes driver control systems, on Thursday reported a wider
quarterly loss, pressured by vehicle output cuts and high materials costs.
-
Advance Auto Parts to Release Earnings on November 3, 2005 - Advance
Auto Parts, Inc., a leading automotive aftermarket retailer of parts,
accessories, batteries and maintenance items, announced today that it will
report its third quarter financial results before market open on November 3,
2005. The company will detail its results on a conference call scheduled to
begin at 8:00 a.m. Eastern Standard Time on November 3, 2005, which will be
made available concurrently on the company's website
-
Wisconsin's Lemon Law - If the motor vehicle you buy or lease in
Wisconsin turns out to be a "lemon," the manufacturer has to replace it free or
refund the price (minus a reasonable amount for mileage).
-
Mexico's Vitro warns gas prices could hit profit - Mexican glass maker
Vitro on Thursday warned that high natural gas prices could hit future results
and imperil the company's strategic plan to reduce its massive debt.
-
Saint-Gobain Cuts Profit Goal on Higher Energy Costs - Saint-Gobain,
the world's biggest glassmaker, supplying windows for half the cars in Europe,
has been unable to pass on the cost of gas used in furnaces and diesel for its
trucks. The price of crude oil reached a record in August and is up 47 percent
this year. -- ``Due to our contracts we cannot increase our prices straight
away, but we do hope to do so before the end of the year,'' Chief Executive
Officer Jean-Louis Beffa said.
-
Cooper Tire Announces Agreement to Form Joint Venture With Shandong Chengshan
Tire - Cooper Tire & Rubber Company announced that an agreement has
been reached for Cooper Tire to obtain 51% ownership in Cooper Chengshan
(Shandong) Passenger Tire Co. Ltd. and Cooper Chengshan (Shandong) Truck Tire
Company, Ltd. This agreement also includes a 25% ownership position for Cooper
in the steel cord factory which is located adjacent to the tire manufacturing
facility in Rongchen City. Cooper's cash investment will be about $70 million.
- Dunlop SEMA Booth
Revives Buzz Cuts, Maxxed Out Surprises - Dunlop's treadheads are
making a huge headway this year, and at next week's Specialty Equipment Market
Association show, more than 200 buzz cuts are scheduled to debut.
- Toyota to
Recall Sienna Minivans - Toyota says it's recalling 345-thousand Sienna
minivans because the seat belt in some seating positions may become difficult
to retract when unbuckled. -- Toyota is also recalling about 25-hundred Tundra
Access Cab pickup trucks from the 2005 model year because the wrong lens was
installed over a light that glows when the front passenger air bag has been
activated or deactivated. As a result, passengers could not monitor its status.
- GM
places bet on crossovers - Automakers race to fill growth segment as
SUV sales sputter
-
Toyota's Hit and Myth Marketing - An activist group says the carmaker's
environmentally friendly image is a slick marketing ploy. It has a point.
- Thieves
Break Into Auto Body Shop, Ransack Cars - WA: Thieves stole wheels,
tires, radios and other items from vehicles at a Centralia body shop overnight
Wednesday, and police were investigating whether the thefts were connected to a
similar car prowling case in Thurston County the night before, KIRO 7
Eyewitness News reported.
-
Posing as cops, 5 rob auto shop, guns blazing - NJ: The employees of a
Dell Avenue autobody shop thought it was a police raid when a group of five men
with badges around their necks and guns in their hands came through the door.
-- But it turned out to be a robbery. -- "They said they were police officers
and immediately went into the shop, starting shooting and throwing people to
the ground," North Bergen Detective Joseph Gener said.
-
Insurance Department lauded for anti-fraud efforts - The Governor's
Office of Employee Relations' has given its Workforce Champions Award to 10
state Insurance Department and five state Division of Criminal Justice
Services' employees for fighting auto insurance fraud in New York state.
-
Auto insurers overcharging $100 on average, Reilly says - MA: AG, who is
pushing for 18 rate cut, says loss forecasts are too high
October 27, 2005
- State
Farm's Wrecked Car Owners Feeling Slighted - Company and State
Attorneys General Brokered a Cozy Deal
-
U.S. auto industry hits the skids - The U.S. auto industry hit the
skids in October, with sales of new cars and trucks on track to come in at
their slowest pace in seven years, analysts said. -- As expected, Detroit's
automakers have felt most of the pain, with sales at General Motors Corp. and
Ford Motor Co. seen posting another month of double-digit declines. -- Even
Chrysler is expected to report lower sales compared with the same month a year
earlier, ending an 18-month winning streak at the U.S. arm of Germany's
DaimlerChrysler. -- Among Japan's Big Three automakers, analysts say Toyota
Motor Corp. and Honda Motor Co. Ltd. are likely to eke out gains.
-
SEC subpoenas GM documents about dealings with Delphi Corp. - The U.S.
Securities and Exchange Commission has subpoenaed General Motors Corp. for
documents about the world's largest automaker's dealings with parts maker
Delphi Corp. and other matters.
-
PPG to Implement Price Increase for Automotive OEM Glass - PPG
Industries will raise prices up to 10 percent for all automotive original
equipment fabricated glass products effective Jan. 1. -- Joe Stas, PPG vice
president of automotive OEM glass, said the price increase is necessary because
of "skyrocketing energy and raw material prices" and the projection that they
will remain high.
- Silvers, blues
and browns: Automotive paint company shows off future trends - Only a
handful of people know what new vehicles will look like in 2009. But automotive
paint supplier PPG Industries Inc. already has a good idea what colors those
vehicles will be. -- PPG has 20 colorists in North America, Europe, Japan,
South Korea, China, Malaysia, India and Australia. They work separately to
identify trends and then bring all their ideas together for the show. This
year's show features 130 new colors.
-
DuPont and OEConnection Partner for More Powerful Body Shop Management System -
CollisionLink(R) Online Parts Ordering Now Integrated with ProfitNet(TM) --
OEConnection LLC, a leader in ecommerce procurement and analysis solutions for
the automotive original equipment replacement parts business, is partnering
with DuPont Performance Coatings (DPC) to enhance DPC's ProfitNet collision
shop management system. As part of this agreement, OEConnection is integrating
its CollisionLink ecommerce parts procurement technology with the repair
management capabilities of ProfitNet. Shop users will now be able to
electronically order parts from their dealership suppliers with the added
confidence of securing the right part the first time.
-
Panasonic to Highlight Reliable, Durable Workflow Solutions at NACE 2005;
Toughbook Mobile Data Wireless Display among Leading Technologies Used to
Streamline Claims Estimating and Repair - Panasonic Computer Solutions
Company today announced it will demonstrate its solutions for reliable, durable
wireless workflow for the collision and insurance industries at the annual
International Autobody Congress & Exposition (NACE), to be held at Mandalay Bay
Convention Center in Las Vegas, November 2-5, 2005. Solutions from Panasonic,
manufacturer of Toughbook(R) rugged and semi-rugged notebook computers, and its
key solutions partners will be on view in booth W1951. In addition, Panasonic
will participate in an educational session, "Demystifying Wireless Technology"
on Wednesday, November 2.
- LKQ Corporation
Announces 2005 Third Quarter Net Income Results Up 45% - LKQ
Corporation today reported results for its third quarter ended September 30,
2005, with revenue of $133.6 million, net income of $6.6 million and diluted
earnings per share of $0.28. -- Our consolidated aftermarket collision
replacement parts revenue for the quarter was $19.2 million and for the nine
months ended September 30, 2005 was $58.9 million.
-
Asbury Automotive Group Reports Third Quarter Financial Results -
Income from Continuing Operations Increases 34%, with Same-Store Gross --
Profit Up 12%, SG&A as a Percent of Gross Profit Down 250 Basis Points --
Parts, service and collision repair revenue increased 13 percent (12 percent
same-store), and gross profit increased 12 percent (10 percent same-store).
-
United Auto Reports Third Quarter Results; Revenues Increase 11%; Same-Store
Retail Revenues Increase 7.0%; Gross Margin Increases 50 Basis Points to 14.7%
- United Auto Group, Inc., headquartered in Bloomfield Hills, Michigan,
operates 269 retail automotive franchises, representing 40 different brands,
and 29 collision repair centers. United Auto, which sells new and previously
owned vehicles, finance and insurance products and replacement parts, and
offers maintenance and repair services on all brands it represents, has 167
franchises in 19 states and Puerto Rico and 102 franchises located
internationally, primarily in the United Kingdom. United Auto is a member of
the Fortune 500 and Russell 2000 and has approximately 14,000 employees.
- Nobilas
Claims & Fleet, Dickinson launch strategic partnership - The Akzo Nobel
Business Unit Nobilas Claims & Fleet Solutions and Dickinson Fleet Services
have formed a strategic partnership to offer a unique heavy vehicle accident
and repair service in the United States.
- Auto suppliers must rely
on innovation - Exteriors and Glazing conferences have speakers from
Ford, Honda and Exatec – Automotive OEMs like to chase the headlines but in
recent weeks they have been making them for all the wrong reasons.
- Car dealer keeps
town on its wheels - Don Hinds Ford earns chamber nod for 50 years in
business. -- "I've always felt the community makes the business," Bud
Colglazier said. "Giving back to the community is just a little bit of
repayment. I've always felt that you get what you give." -- The dealership also
includes Fishers Collision Repair, which opened in 2003 in an adjacent
building. The dealership has the largest repair and collision centers of any
Indiana Ford dealership, Colglazier said.
- Apogee names new chief information officer - Daniel Mayleben will join
Bloomington-based Apogee next week. -- The CIO position is a new one at Apogee,
and the company said Mayleben's role would be to better implement information
technology in the business.
-
Mexico's Vitro posts $10 mln loss vs profit - Mexican glass maker Vitro
posted a third-quarter consolidated net loss of $10 million largely due to
higher financing costs on its heavy debt burden, the company said on Wednesday.
- Dow
Chemical third-quarter profit up - Dow Chemical Co. on Thursday
reported higher third-quarter profits as increased selling prices more than
compensated for rocketing energy costs.
- Ford
cracks down on rest room breaks - Some workers spend more than 48
minutes away from the line at Wayne truck plant, slowing production of SUVs.
-
1,000
retirees sue Detroit Diesel - They say engine maker broke promise to
pay health costs as outlined in union agreement.
-
St. Helena sheriff pleads innocent again in car parts case - Ficklin,
the third consecutive St. Helena Parish sheriff to be indicted, is accused of
defrauding the Louisiana Department of Public Safety and Corrections of more
than $140,000 by putting inmates to work in a chop shop at B&D Auto Sales.
-
Cop charged in insurance scam -
NJ: A police officer was
arrested yesterday on insurance-fraud charges, accused of being part of a
scheme in which a car was reported stolen, only to be dismantled and sold for
the parts.
- Calif.
Auto Insurance Fraud Ring Lands Three Suspects in Jail - Three suspects
have been arrested following an 11-month investigation by the California
Department of Insurance of an auto insurance fraud ring that targeted car
rental and insurance companies for fraudulent automobile damage claims.
October 26, 2005
-
Form 8-K for Apogee Enterprises Inc
- Entry into Material Agreement, Change in Directors or Principal Officers
-
State Farm wrecks are finally identified - MO: It’s taken two years,
but consumers finally are getting the information they need to identify some of
the thousands of damaged vehicles that State Farm resold nationwide to
unsuspecting buyers. -- Today, Missouri Attorney General Jay Nixon posted on
his Web site the vehicle identification numbers (VINs) of 265 of the vehicles.
All are registered to owners in Missouri. They had no idea they were buying
cars, trucks and sport utility vehicles that had been damaged. -- Michigan’s
attorney general, Mike Cox, was first to break the secrecy. This month, he
posted the VINs of 2,532 vehicles registered in his state.
-
Missouri-registered vehicles covered by State Farm settlement - Here is
information about the 265 Missouri-registered vehicles covered by the
settlement between the Attorneys General of 49 states and State Farm Mutual
Insurance Co. The information includes the vehicle identification number (VIN),
make, model and year of each of the vehicles. The settlement addresses State
Farm’s failure to make certain the vehicles were properly titled. The agreement
covers approximately 30,000 vehicles nationwide that should have been
designated as salvage on their titles.
-
Form 10-Q for CCC Information Services Group Inc. - Management's
Discussion and Analysis of Financial Condition and Results of Operations -- CCC
has long been a leader and innovator in the automobile claims and collision
repair market. CCC has approximately 21,000 collision repair facility
installations, located in all 50 states, and over 350 insurance company
customers in the United States.
-
Tenneco 3Q Profit Jumps 67 Percent - Car parts maker Tenneco Automotive
Inc. said Tuesday that its third-quarter profit climbed 67 percent on higher
sales and cost-cutting.
-
The Dana Domino - When all of Dana's plant closings, consolidations,
and salaried work force eliminations are complete, the auto parts maker will
have fewer than 36,000 employees worldwide and annual sales of under $8
billion. Only five years ago the Fortune 500 corporation boasted 85,000 workers
and an annual revenue of $13.2 billion. -- Dana's financial troubles aren't a
complete shock in light of industry pressures among large U.S. suppliers, but
they are stunning nonetheless considering where the Toledo-based company was in
the booming 1990s.
- Delphi
offer: $9 an hour - Ailing supplier lowers bid to UAW; workers asked to
pay up to $5,000 yearly for health care.
-
Lear posts loss on auto output cuts, higher costs - Automotive
interiors supplier Lear Corp. posted a quarterly loss on Wednesday, pressured
by vehicle output cuts in North America and rising raw materials costs.
-
Tomorrow's Car: Lighter, Safer and Recyclable? - Engineers are working
on making cars recyclable. A technique for reusing copper wire by cryogenically
freezing the rubber casing, which causes it to crumble away from the metal, was
pioneered in Canada.
- Rise in
profit sets Chrysler apart - In stark contrast with its ailing Detroit
rivals, DaimlerChrysler AG's Chrysler Group boosted its third-quarter profit 43
percent to $374 million after increasing auto sales sharply.
-
Sherwin-Williams profit disappoints on costs - Paint maker
Sherwin-Williams Co. on Tuesday posted a quarterly profit that missed Wall
Street estimates on rising raw materials costs and cut its earnings outlook for
the full year, sparking a 9 percent sell-off in its shares.
- Glass Doctor® On
"Bond's Top 100 Franchises" List - According to a company press
release, Glass Doctor® was recently named as one of the 2005 "Bond's Top 100
Franchises," a list created by an independent organization that evaluates more
than 2,300 franchise systems without the influence of paid advertising.
- Glass
companies raise a toast to auto, real estate boom - INDIA: Changing
consumer preferences, booming infrastructure and real estate sector have
triggered a growth in sales of glass companies. In fact, the market share of
industry biggies like ModiGuard, Saint-Gobain and AIS (Asahi) is
near-proportional to their output capacities, with real estate taking up 80per
cent of total glass production. -- The auto glass SBU of AIS has 85per cent
market share in passenger cars. Total capacity at the auto glass SBU stands at
1.5m car sets at the Rewari plant and 500,000 laminated windshields at the
Chennai plant. This is also being expanded to produce 1.5m laminated
windshields and 1.2m tempered sets by the end of FY08.
-
'Snow Kidding!' Dunlop Says, 'Think Winter Tires Now' - Waiting for
Groundhog Day before deciding on winter tires for the family vehicle? Timing
is everything in cold weather driving, and now's the time to "think winter
tires," Dunlop marketers say, not after furry prognosticators make their
predictions.
-
Korean Parts Makers, Researchers Jointly Develop Key Car Component -
Korea’s automobile parts makers are actively making inroads into foreign
markets buoyed by policy funds from the government. -- The chassis corner
module combines the strut or shock absorbers of a car with the braking systems
in a single part. -- Major global vehicle manufacturers are poised to adopt the
part for their new cars.
-
H.E.A.T. Recognizes Contributions to Auto Theft Prevention - Today
marks the 20th Anniversary of the H.E.A.T. (Help Eliminate Auto Thefts)
program. Since its inception in 1985, H.E.A.T., with its partners in law
enforcement and the insurance industry, has helped lead to the recovery of
nearly 3,500 vehicles, $41 million in stolen property, has awarded over $2.79
million in rewards and has helped in the arrest of nearly 3,000 auto theft
criminals.
-
Students told career outlook strong in auto-related fields - Students
in the auto shop classes at the Career Center probably don't mind being called
grease monkeys and motor-heads, but they'd be better described as technicians.
-- Depending on experience, the average auto technician makes between $27,000
and $75,000 a year. For the students in the Career Center's auto program, that
salary is only two years away - maybe less.
- Ulster Business
Provides Winter Car Care and On-Road Safety Tips for Women - WA: As
winter approaches and driving conditions change for the worse, Kingston auto
care owner and grandfather of three offers women several tips for better car
care and on road safety. -- Don Swartz, Sr. owner and operator of Absolute
Autobody in Kingston recommends women follow these basic car care tips to help
reduce the chances of car trouble during poor winter driving conditions.
-
America's Service Station Expands Through Partnership Program - The
America's Service Station team does site selection, purchases the land and
builds the structure. The partnership agreement is 25% for America's Service
Station and 75% for the owner/operator. The best part of the program is the
financing. Sands' company is willing to finance 100% of the project including
the equipment.
-
Where is the Automotive Truth of Today? - An Investment Plan With Every
Used Car You Own, 'The Auto Equity Transfer Plan' by Robert C. Jones
-
State Auto Financial Announces Third Quarter Results - State Auto
Financial Corporation reported third quarter net income of $16.8 million, or
$0.41 per diluted share, versus $5.0 million or $0.12 per diluted share for the
same period in 2004. Net income from operations(a) per diluted share for the
third quarter of 2005 was $0.34 versus $0.12 for the same period in 2004.
October 25, 2005
-
Global Paints Manufacturer PPG Unveils 2006 Color Trends - PPG
Industries, one of the world's largest paint manufacturers, will present
Detroit area designers and architects with global color and design trends
across the architectural, automotive, and industrial markets during a unique
visual event on November 2nd at the PPG Color Styling Studio in Troy, Michigan.
-
OEMs acting on aftermarket-parts threat - Aftermarket parts are getting
better, are being used more often and are a threat that auto manufacturers are
beginning to fight, a report from the consulting firm Frost & Sullivan says.
-
Influence of Insurance Companies Intensifies Competition for Collision Repair
Jobs - The power exerted by insurance companies is increasing through
the direct repair programs (DRPs). In fact, repair shops that participate in
insurance companies' DRP report that they write approximately 42 percent more
estimates and perform approximately 56 percent more jobs compared to non-DRP
shops. -- North American auto insurers are constantly looking to contain repair
costs and keep insurance premiums in check. This is reflected in their support
for the use of aftermarket components that are priced 15 to 40 percent below
original equipment (OE) prices.
-
Deer season creates driving hazards - MN: The Insurance Information
Institute (III) reports that the average cost per insurance claim for collision
damage is $2,800, with costs varying depending on the type of vehicle and
severity of damage. That average swells to more than $10,000 for auto claims
that involve bodily injury.
-
Tech firms earn spot on Deloitte's national list - Making the list was
eAutoclaims Inc. of Oldsmar. -- That company's 1,450 percent growth earned it
the 142nd slot and the fifth fastest-growing tech company in the state.
eAutoclaims provides Internet-based collision claims services for insurance
companies, third party claims administrators and self-insured automobile fleet
management companies, according to a company profile.
-
Magna to Officially Open Baltimore Technical Training Center - Magna
International Inc., one of the largest automotive parts suppliers in the world,
will officially open a technical training center in Baltimore.
- Auto Parts
Corner Promotes Safe and Responsible Driving - Auto Parts Corner values
your safety more than other auto parts stores do. It promotes safe and
responsible driving by featuring the finest safety car parts for various makes
and models. They believe that car accidents can be prevented by using auto
parts that are reliable and durable.
-
Auto parts maker Johnson Controls reports quarterly profit rise - Auto
parts maker Johnson Controls Inc. said Monday an increase in sales helped boost
its fourth-quarter profit by about 4 percent.
-
Supplier adds jobs in Brighton - Sheri Lizzet, the human resource
manager for Eberspacher said times are good at the company. -- Eberspacher
North America Inc. is a subsidiary of the parent company in Esslinger, Germany,
the largest independently owned engineering firm and fourth largest automotive
exhaust system supplier in the world. -- The German-based company supplies
exhaust systems to General Motors Crop. and the Chrysler Group.
-
Advance Auto Parts Names Ricardo S. Coro Senior Vice President, Information
Technology and Chief Information Officer - Advance Auto Parts, Inc., a
leading automotive aftermarket retailer of parts, batteries, accessories, and
maintenance items, announced today that Ricardo S. Coro has been named Senior
Vice President, Information Technology (IT) and Chief Information Officer. Mr.
Coro will report to Elwyn Murray, executive vice president, administration and
will be responsible for the technology infrastructure of Advance's store
support center offices, distribution centers and more than 2,700 stores.
- Automotive Recyclers
Association Receives EPA Grant - The Environmental Protection Agency
recently awarded the Automotive Recyclers Association a $300,00.00 grant over a
five year period to administer, develop and market the ECAR Center website,
www.ecarcenter.org. ARA will continue to post updates and new state, local and
federal environmental rules and regulations to the ECAR Center website as they
become available.
-
Cush is being sold to UAG - Manufacturers must OK the sale of 7
dealerships -- The locally owned Cush Automotive Group said yesterday that it
is being sold for an undisclosed sum to United Auto Group, the second-largest
car dealership company in the country.
-
The Least-Safe Cars 2006 - The least-safe cars on the market are like
the least-safe neighborhoods in a big city: affordable, but not pretty. -- The
2006 model year is young. Not all new cars have crash-test scores available,
but many do, and the slide show features the six with the worst
crashworthiness.
- Xpanding Line
of Collision Repair Equipment, the Compact Cheetah Xpress Frame Machine is Here
- Great as your bodyshop's second or more frame rack, the new Star-A-Liner
Cheetah Xpress can free your larger frame machines for harder hits. -- The
Cheetah Xpress now gives an auto body collision repair shop a better choice for
getting smaller vehicle body repair work done "Simply Fast."
-
Sonic Automotive posts higher quarterly profit - Car dealership Sonic
Automotive Inc. on Tuesday posted a 39 percent rise in quarterly earnings,
boosted by cost improvements and growth in all its business units.
-
UnitedAuto Reports Third Quarter Results - Revenues Increase 11%;
Same-Store Retail Revenues Increase 7.0%; Gross Margin Increases 50 Basis
Points to 14.7%
- DuPont Posts
Third-Quarter Loss - DuPont Posts Third-Quarter Loss on Tax-Related
Charge, Effects of Hurricanes
-
Surgery for your vehicle; Cosmetic Car Care deals with minor repair issues
- FL: Elbert and Melvia Zeigler think of themselves as plastic surgeons. Except
they deal with automobiles, not humans.
-
Kadel's Auto Body to open North Salem shop - OR: Kadel's Auto Body will
hold a grand opening and ribbon cutting for its new North Salem shop at 2475
Commercial St NE.
-
Stabbing victim leaves hospital - MA: A local man is out of the
hospital after being stabbed several times during a robbery at an auto body
shop Sunday evening, according to authorities.
- Auto insurance
fraud rising - CA: In the past four years, the number of automobile
insurance fraud cases in San Bernardino County has been rising steadily,
costing policy holders thousands of dollars in increased fees and rate hikes.
And there are no signs of slowing down. -- The San Bernardino County District
Attorney's auto insurance fraud unit has seen its caseload increase by 50
percent since 2001, giving the unit the distinction of having the highest
number of fraud cases in the state.
October 24, 2005
-
State Farm Reaches Settlement Over Salvage Cars - OH: Tens of thousands
of car owners across the nation will be entitled to their share of a $40
million settlement after possibly paying for cars that were not as good as
advertised, NBC 4 reported. -- State Farm Mutual Automobile Insurance Company
has identified 500 totaled vehicles in Ohio that it said were never properly
retitled. Now, the owners will be getting hundreds of dollars back for the
market loss of their vehicles.
- Carfax
Loophole Lets Damaged Vehicle Slip Through - Most consumers are using
one popular tool to track a used car's history before buying, but it's not
foolproof. -- Earlier this year, Mike Merva bought a red 2000 Pontiac Trans-Am.
-- Shortly after buying the car, a friend of Merva's who is an auto body
specialist noticed telltale signs that bodywork had been done and there were
huge gaps in certain parts of the car.
-
Front-end repair? Maybe just throw it away - BMW's new techniques and
rules restrict what repair shops can do, and baffled insurers are junking the
vehicles. Some critics think manufacturers are beginning to make throw-away
cars.
-
CIC Defines ‘Gap’ Between Body and Paint Work - A committee of the
Collision Industry Conference (CIC) is taking a different approach to the
long-standing battle between shops and insurers over “featheredge, prime and
block,” by defining where body work ends and paint work begins.
- Crash Parts
Legislation: Hot Topic for States? - NCOIL meetings spark discussion on
replacement crash parts. Look for crash parts legislation to surface in state
legislatures next year.
- Repair Facility of the
Future: How to Survive When Other Shops Are Not - Successful, thriving
shops share their strategies for staying ahead of the competition.
- Auto
parts maker Visteon to restate results for 2002-2004 - Auto-parts maker
Visteon Corp. said it plans to restate its results for 2002-04, widening its
losses by a total of $65 million to $80 million for the three years.
- Keystone Automotive
Industries to Report Fiscal 2006 Second Quarter Results - Company to
Present at Gabelli Automotive Symposium in Las Vegas
- Eye on Invision
- Plastics maker A. Schulman hopes to blanket market with new sheets. -- ``The
automobile industry has been looking for paint replacement items for years,''
said Jay Waddell with the South Carolina consulting firm Plastic Concepts &
Innovations. The firm worked with Schulman to develop the machinery that makes
Invision sheets.
-
I-CAR and OEM's Hold Promotion For Nace Attendees - I-CAR, along with
DaimlerChrysler, Ford Motor Company, General Motors, Toyota, and Volvo, who
include I-CAR training in their technician training programs, will co-sponsor a
promotion available to all NACE attendees.
- Governor
asks for federal focus on auto industry - MI: Gov. Jennifer Granholm
has sent a letter to Michigan's congressional delegation asking for more focus
by the federal government on the troubled domestic auto industry and its
suppliers.
- A
suitor for Delphi plant? - AL: If the Limestone County facility of
bankrupt Delphi Corp. has a trump card, it may be in Korea.
- Suppliers of
Delphi hope to get paid - When Delphi Corp. filed Chapter 11 bankruptcy
this month, the company was besieged by phone calls from its suppliers, wanting
to know what will happen to them. -- They're starting to find out -- and it
isn't pleasant.
-
Environmental group questions Toyota's efficiency and record - "Is
Toyota a wolf in sheep's clothing?" -- That's the suggestion of a stinging
national ad campaign against Toyota Motor Corp., launched today by a San
Francisco-based environmental group. The ad is to run in Mother Jones online
today and be printed soon in full-page ads in the New York Times and other
publications.
- Quality
costs at Ford rise $500 million - Troubles with '04 models contribute
to 3rd-quarter loss; firm vows improvement.
- Automakers
are seeing the benefits of LEDs - Technology replacing regular bulbs;
significant safety advantages seen -- A regular light bulb only lasts about 500
hours running continuously, but a LED (light-emitting diodes) can last 10,000
hours, or as much as 100,000 hours, so that is much longer in terms of
longevity.
-
Power-window suit over - Case involving girl brain-damaged in accident
is settled -- Terms of the settlement are confidential, said attorney Pat
Miller, who represents one of the defendants, Church Brothers Collision Repair.
-
Nitrogen gaining popularity as efficient alternative to compressed air
- Nitrogen is emerging as an alternative to compressed air in automobile and
truck tires because proponents say it leaks out at a much slower rate, keeps
tire temperatures down, and doesn't contain the damaging moisture found in
compressed air. -- The Rubber Manufacturers Association in Washington, D.C.,
doesn't have a formal position on nitrogen, but spokesman Dan Zielinski said
the organization, which represents tire producers, agreed that it has
advantages over compressed air.
- Insurers turned big
profits this year -- until Katrina - Insurance companies earned record
profits this year after reducing coverage in the riskiest regions of the
country, like those prone to hurricanes.
October 21, 2005
-
Apogee Enterprises Announces New Director, Sara L. Hays - Apogee
Enterprises, Inc., which develops and delivers value-added glass products and
services for the architectural, large-scale optical and automotive industries,
today announced election of a new director, Sara L. Hays, general counsel for
Wrightwood Capital, Chicago.
-
'Right to Repair Act' Gains 10 More Supporters - Congressional support
for the Motor Vehicle Owners' Right to Repair Act (H.R. 2048) has reached 61
co-sponsors, it was announced today by Kathleen Schmatz, President and CEO of
the Automotive Aftermarket Industry Association (AAIA). The proposed
legislation gained 10 new co-sponsors in recent weeks.
-
Dana to sell assets and close plants - Struggling auto and truck parts
maker Dana Corp. on Thursday said it plans to shed three businesses and cut up
to 5 percent of its salaried workers, marking the latest restructuring in a
U.S. auto parts sector rocked by Delphi Corp.'s bankruptcy.
- PPG Reports Third-Quarter Sales - The majority of the net charges for legal and
insurance settlements relate to a settlement reached this week on a civil glass
antitrust matter. The case was first filed in 1997 and is pending in federal
court. The settlement remains subject to the court's final approval.
- ASA Subcommittee
Reviews Parts Procurement Issues - The issue of parts procurement is
being addressed by the Collision Division Operations Committee of the
Automotive Service Association (ASA). Of particular interest is a pilot plan
introduced recently by Farmers Insurance Group to some of its participating
repair facilities. The operations committee's Insurance Subcommittee is
reviewing Farmers' plan to provide replacement air bags to repair shops
participating in its Circle of Dependability (COD) program. The subcommittee is
examining potential liability issues and implications resulting from the loss
of potential parts profit for repairers.
- Keystone Automotive
Increases Credit Facility - Keystone Automotive Industries, Inc. today
announced the company has established a $75 million secured credit facility
agented by Wells Fargo Bank, NA with JP Morgan Chase Bank, NA participating.
October 20, 2005
-
Family steers auto body shop for 75 years - NY: The Schmid clan, Rudy's
kin through four generations, is observing the 75th anniversary of the landmark
North Side business this week. There was a party "out back" and a gift by the
family to two favorite causes: North Side Community Policing Center and Charity
for Children.
- Fixing them up - SCC pitches in to help 'Wheel Get There' program
-- The
nationally recognized program, which provides dependable cars to working people
who can’t afford them, has for the past seven years provided dozens of cars to
southern Minnesotans. It is run by the Minnesota Valley Action Council.-- A few
of the cars have come through SCC’s auto body and collision repair program,
including a 1999 Pontiac Sunfire sitting in the department’s garage right now.
State Farm Insurance donated the car, which was involved in a recent collision.
-
Trenholm gets $3 million grant to train auto workers - The school will
use the grant to create an automotive manufacturing technology center to train
students in car robotic manufacturing and repair, Molina said.
- Boyd
Group Income Fund announces october 2005 cash distribution - Boyd Group
Income Fund today announced a cash distribution for the month of October 2005
of $0.0583 per trust unit. The distribution will be payable on November 28,
2005 to unitholders of record at the close of business on October 31, 2005.
- Reynolds V.
Christian Bement: No Liability For Corporate Officers And Directors In Overtime
Cases - The Reynolds’ case involved a company, Earl Scheib, that owned
and operated approximately 50 automobile painting shops in California. Earl
Scheib employees, including shop managers, sued the individual executives, who
were also Earl Scheib Shareholders, claiming the officers and directors had a
policy of requiring employees to work long hours with no overtime pay and
misclassifying the shop managers as employees exempt from overtime wages in
order to avoid paying overtime.
- Mobile Pit
Stop auto repair - CA: Oceano couple is literally there for motorists
whose vehicles break down or need repairs
-
LKQ Corporation Included in Forbes 'The 200 Best Small Companies' - LKQ
Corporation has been ranked #89 in Forbes recent list of "The 200 Best Small
Companies." -- LKQ Corporation is the largest nationwide provider of recycled
light vehicle OEM products and related services and the second largest
nationwide provider of aftermarket collision replacement products. LKQ operates
over 95 facilities offering its customers a broad range of replacement systems,
components, and parts to repair light vehicles.
- Toyota
recalling some Scion tC models - Toyota Motor Corp. is recalling some
models of the Scion tC amid reports that a glass wind deflector, located near
the moonroof, may shatter when struck by road debris. -- The recall, announced
Tuesday, is expected to begin in late October. -- Toyota said there have been
three reports filed with the National Highway Traffic Safety Administration.
Customers could reduce the likelihood of the deflector shattering by not
opening the moonroof until the vehicle is repaired, Toyota said.
- Nissan
may move U.S. headquarters - Nissan Motor Co. is considering moving its
U.S. headquarters from southern California to another, probably less glamorous,
part of the country, CEO Carlos Ghosn said Wednesday.
-
Gentex Reports Record Revenues: Mirror Unit Shipment Growth Increases by 16
percent in the Third Quarter - Gentex Corporation, the Zeeland,
Michigan-based manufacturer of automatic-dimming rearview mirrors and
commercial fire protection products, today reported third quarter revenues and
net income for the quarter ended September 30, 2005. In addition, the Company
announced that it has recently negotiated an extension to its long-term
agreement with DaimlerChrysler.
- GM workers to
forgo raises; retirees to pay more if UAW deal OK'd - General Motors
Corp. retirees will be paying hundreds of dollars more a year for health care
coverage and active employees will forgo some of their pay raises if a deal
between the UAW and the auto maker is approved.
- Ford 3Q
loss hits $284 million - Automaker's weak third-quarter results could
force it to ratchet up aggressive restructuring.
- PPG
workers await wage news - Union workers at PPG Industries Inc.'s plant
in Springdale expect to discover today if they are next in line for the
company's proposed two-tier wage system.
-
Valspar Approves Share Buyback Plan - Valspar Corp., a maker of
coatings and paints for manufacturing, automotive and food-packaging companies,
on Wednesday said its board authorized the repurchase of up to 4 million
shares, or 4 percent of its outstanding common stock.
-
Form 8-K for COPART INC - On September 26, 2005, the Compensation
Committee (the "Committee") of the Board of Directors (the "Board") of Copart,
Inc. (the "Company") approved payments of cash bonuses for the fiscal year
ended July 31, 2005, to executive officers of the Company. -- On September 26,
2005, the Committee also approved an increase in the annual base salary for the
fiscal year ended July 31, 2006 for executive officers of the Company.
- Two Japanese Paint
Makers To Begin Auto Coating Production In China - Two major paint
producers will soon start manufacturing automotive coatings in Guangzhou to
meet the growing demand from Japanese carmakers located there. Nippon Paint Co.
is setting up a production line at its Guangzhou facility with capacity to
manufacture 5,800 tons of automotive coating materials to cater to Honda Motor
Co.'s plant there. Operations are expected to begin as early as November. The
firm is also building a plant dedicated to the production of electro-coating
materials and another factory to make plastic materials. Nippon Paint's
investment in the coastal city is expected to reach nearly 3 billion yen
(US$26.3 million).
- Two Knoxville
auto parts companies folding operations - TN: Two Knoxville companies
that made parts for the automotive industry are shutting down after filing
Chapter 11 bankruptcy earlier this year. -- Aristocrat Stamping made seat belt
parts and Alignment Engineering did precision tool and die work.
-
Cooper Tire & Rubber retracts Q3 projection - Unexpected market
conditions have caused Cooper Tire & Rubber Co. to back away from previous
third quarter earnings projections. -- On Tuesday, company officials retracted
that projection, citing high raw material, shipping, transportation and energy
costs.
- New Website
Dedicated To Tire Safety and Maintenance With Online Interactive Calculator
- A new Website has been launched to provide motorists information on tire
maintenance and safety. The site, www.GaugeIt.org is an online resource for
motorists to obtain current valuable information on tire maintenance and
safety. According to a recent survey conducted by the Rubber Manufacturers
Association (RMA), over 40% of automobile tires on the road at any time are
improperly inflated.
-
Allstate Reports 2005 Third Quarter Results - Catastrophes of $3.06
Billion, after-tax; Underwriting Profitability Excluding Catastrophes Remains
Very Strong
-
Humana to settle physicians' lawsuit - The doctors' lawsuit, filed six
years ago, contends that managed-care companies programmed computers to pay for
less-intensive services than were actually provided.
October 19, 2005
- Our View,
Our Mission: Defining the Problem - IGA: How the auto glass industry
articulates its problem matters - because how we define a problem, reveals how
we can solve the problem. And, we believe the auto glass industry could do a
lot better for itself, could go a long way to leveling the playing field – if
it fully understood its potential strength from pooling resources and
organizing itself in a meaningful way. -- The significance of the Allstate Insurance’s announcement that you have to be
signed onto Metryx by October 19th, or you won’t get Allstate jobs, is that its
an admission of steering.
- Ford
must pay $4 million in rollover suit - Former Ford employee said
company didn't make recommended design changes.
-
Eight Inducted Into
the Automotive Hall of Fame - Eight automotive pioneers and leaders
were inducted into the Automotive Hall of Fame in ceremonies held on October
11. They are Mario Andretti, John Boyd Dunlop, Sir William Lyons, Jim Moran,
Shirley Muldowney, John F. (Jack) Smith, Jr., John Mohler Studebaker and
Alexander Winton.
-
AAA Provides Tips on Choosing an Auto Repair Facility - In recognition
of its annual October Car Care Month, AAA urges motorists to be aware of their
automobiles' maintenance schedule and develop a trusting, long-term
relationship with a reputable repair facility. -- "Auto repairs complaints
usually involve the "Four Cs" -- lack of communication, inadequate competence,
complex technology and consumer fraud," said Dawn Duffy, AAA spokesperson.
-
Students get creative with hoods - NE: Auto-body instructor Don Wilson
has been surrounded by hoods for 30 years. -- Car hoods, that is.
- College Student
Calls 10 On Your Side After Trip for Oil Change - VA: Jenny just wanted
an oil change, but when she took her car to Stirling's Auto Repair in Hampton,
the college student claims she got a whole lot more.
-
Michigan-based auto supplier to close Greenville, Miss., plant - China
plant size to double
-
Valeo eyeing businesses of Delphi, Visteon - "The weakness of Delphi
and Visteon, two market leaders, should allow us to win market share or make
acquisitions," Valeo Chairman Thierry Morin told Le Figaro daily. "Delphi like
Visteon should be open to propositions from equipment makers such as Valeo.
Some of their activities could interest us."
- DELPHI
BANKRUPTCY - Congress Must Stop Global Vultures From Destroying Auto
Industry
-
Siegel-Robert Automotive To Open Chinese Plant - The facility,
scheduled to open in January, will manufacture chrome-plated and painted
plastic grilles, nameplates, badges, door handles and interior and exterior
trim components for the Chinese and global automotive tier 1 and original
equipment manufacturers.
- Automakers
show signs of schizophrenia - Industry claims you can still go fast
without using much gasoline
-
Fake auto parts endangers lives - In south-east Asia, fake automotive
parts are becoming a threat to the domestic markets. It is a matter of time
until the problem spreads to the UK.
- N.Y.
Supt. Mills Calls for Tougher No-Fault Auto Fraud Laws - New York
Superintendent of Insurance Howard Mills joined with Assemblyman Jeff Brown
(R-Manlius) to call on the New York State Assembly to pass tougher no-fault
auto insurance fraud legislation. - The two called for legislation to combat
so-called "runners" who refer accident victims to crooked health care providers
and those who stage accidents in order to collect from insurers
-
DuPont Launches New Capacity for Safety Glass Interlayers - Company
Responds to Growing Global Demand for Impact-Resistant Glass
October 18, 2005
- Woman
Disappointed With Insurance Offer After Wreck - IN: A nurse whose SUV
crashed while she was returning to Indiana from the Gulf Coast told Call 6
for Help that she was disappointed in her insurance company's first offer
to help cover the expense. -- State Farm first offered her several thousand
dollars less then her vehicle's Kelley Blue book value. -- Call 6
contacted State Farm, which said its claims department addressed Davis'
concerns. In the end, State Farm offered Davis more than the Blue Book value,
minus Davis' deductible.
- A
Used Car or a Katrina Biohazard? - Since the hurricane struck on Aug.
29, auto clubs and law enforcement officials have warned consumers to
scrutinize used cars for water damage and investigate their histories.
Because a damaged car's title can be "washed"- varying state laws make it
relatively easy to obtain a clean title in one state for a vehicle branded with
a "flood" or "salvage" title in another - such warnings are routine after major
storms. -- Katrina's automotive losses were hardly routine. Cars that sat in
sewage and fuel-contaminated floodwaters in New Orleans could pose
unprecedented risks to anyone who handles the vehicles or their parts,
according to the Coordinating Committee for Automotive Repair, a nonprofit
organization that provides advice on pollution prevention and worker health
and safety issues to segments of the auto industry, including repair
businesses.
-
I-CAR Launches "myI-CAR" - The new online function allows anyone in the
collision industry to view personal I-CAR training records and submit a request
to update personal information online 24/7. To use "myI-CAR," an individual
must have successfully completed at least one I-CAR training program, I-CAR
qualification test, or earned Gold Class points through the Industry Training
Alliance, and have a valid e-mail address.
-
Newly Released I-CAR Training Programs - As collision repair technology
advances, I-CAR is committed to meeting the collision industry’s needs by
conducting extensive research and, using this research, developing and
delivering the latest information to the industry.
-
Driving Out the Defects - Computer simulations snag many automotive
bugs, but rigorous road tests in extreme climates are the final exam for new
vehicles. -- Death Valley is a favored summer test spot because its broiling
sun bakes plastic parts, toasts paint and stresses radiators and air
conditioners.
-
Billionaire envisions merging Lear, Collins & Aikman - Wilbur Ross, a
buyout specialist also interested in Delphi units, aims to tap unused capacity.
- Reassembling Delphi: CEO
aims to repair auto business - Mr. Miller, who is 63 years old, says he
came out of retirement in June not just to fix Delphi but the entire
beleaguered U.S. auto industry, which has been squeezed by growing foreign
rivals like Toyota Motor Corp. and rising health-care costs for a massive
unionized work force, most of whose members have top-dollar health insurance.
- Delphi
executives to take a pay cut amid bankruptcy proceedings - Top
executives at Delphi Corp. said Monday they will take pay cuts while the auto
supplier seeks wage concessions from its hourly workers and tries to reorganize
its finances under bankruptcy protection. -- Wilbur L. Ross, whose New York
company, WL Ross & Co., has formed a partnership with auto supplier Lear Corp.
to explore acquisitions in the automotive interior components sector, said
Delphi executives are making the right move in sharing the pain.
-
Goodbye, Mr. Goodwrench - There will be no federal help this time.
There is no money for it and, thanks to examples all around us, we now believe
that a society that props up bankrupt, money-losing companies will soon be
bankrupt itself. Keeping foreign competition out makes no sense, either, since
the foreign competition is making its cars here in the United States.
- Visteon
seeks lower wages by moving jobs out of the U.S. - Visteon Corp. is
transforming itself into a Third World manufacturer. -- The migration of
Visteon’s manufacturing out of the United States is so dramatic that internal
documents estimate the company’s average North American wage and benefit
package could eventually approach $8 an hour.
-
Lawyer's war on Ford drawing notice - Most of Watts' suits against Ford
stem from deaths or serious injuries in rollover crashes involving the
company's Explorers, Expeditions or pickups, which Watts said have design
defects in roofs, window glass and seatbelts.
- Nissan
recalling minivans over seat adjustment problem - Nissan Motor Co. said
Monday it will recall more than 100,000 minivans because of problems with a
seat adjustment mechanism that could cause a finger injury. -- The automaker
said the recall affects 109,437 Quest minivans from the 2004-2006 model years.
Someone adjusting the second row seat in the vehicle could have their finger
pinched when moving the metal mechanism, Nissan said.
-
Toyota to recall record 1.4 mln cars globally - Toyota Motor Corp.,
Japan's biggest auto maker, said on Tuesday it would recall about 1.41 million
cars globally -- its biggest ever -- including the Corolla and 15 other models
due to trouble with their headlight switching systems.
- S-LEC’s Multi-Layer
Technology - When looking at vehicle trends, glazing plays a much more
important role than before, in terms of its functionality, with the emphasis on
two or more functions being combined in one glass product. Naturally, PVB
interlayer for laminated glass is now being discussed more widely as a
practical way of adding new functions to automotive glass systems.
-
Green Parts International Inc. Announces 3rd Quarter Update and Management
Discussion of Operations - Green Parts supports an integrated auto
salvage, repair parts and scrap metals business from its headquarters in
Atlanta, GA. In the next three years, Green Parts has targeted the acquisition
of 32 salvage yards in the USA and worldwide with a goal of rolling up
$50,000,000 in gross revenue per annum.
-
Fake Chinese Auto Parts Flooding Korea - Fake automotive parts smuggled
from China are posing a serious threat to the Korean market. -- Until recently,
major automakers, such as Hyundai and Kia Motors, were the main brands that
fake parts makers plagiarized the most. But now even forgeries of parts from
independent contractors have been distributed, complete with fake logos.
- Omax
Auto likely to acquire US firm - New Delhi: Omax Autos is set to join
the growing league of Indian auto components manufacturers that are acquiring
companies in the overseas markets. -- The company is on the verge of taking
over an auto component firm in the US.
-
Henkel sees increased opportunities for taking stakes, acquisitions in Japan
- The chief executive said Henkel is primarily interested in expanding its
industrial operations in Japan, not its consumer business. And he pointed
specifically to the auto industry as a very important target group for Henkel.
October 17, 2005
-
Safelite Solutions Introduces TotalClaim(TM) Suite of Managed Claim Products
- Safelite Solutions, an industry leader in third party glass claim
administration, announces the creation of a new suite of property and casualty
claims management products and services for the insurance and fleet industries.
In addition to TotalClaim(TM) Reporting and AutoGlass Solutions, the foundation
of Safelite Solutions' product offerings, the company has leveraged core
capabilities to produce four additional claims management products that
represent property and casualty claim outsourcing business solutions.
-
Keystone Automotive
Acquires Automotive Parts Distributor in Massachusetts
- Keystone Automotive Industries, Inc. today announced it has signed a
definitive agreement to acquire the assets of Veng USA, headquartered in
Seekonk, Massachusetts. Veng USA recorded trailing revenues of approximately
$37.1 million over the twelve months ended August 31, 2005. Terms of the
transaction were not disclosed. The acquisition is scheduled to close on
October 31, 2005. The closing is subject to the satisfaction of certain
customary conditions.
-
Lynx Services
Contributes To The Ohio Casualty Insurance Company’s Goals - The Ohio
Casualty Insurance Company (Ohio Casualty), a member company of Ohio Casualty
Group®, headquartered in Fairfield, Ohio, recently announced that it is working
with LYNX Services® (LYNX), a leading outsource claims administrator, to manage
its auto glass and collision claims. This program is a significant contributor
to Ohio Casualty’s customer service efforts as well as its financial performance
objectives. LYNX Services is honored to be a contributor to the success of these
goals.
-
Covington Body Shop Wins Air Quality Award - KY: Greg Schneider, owner
and operator of American Auto Body Truck Shop, has won a Small Business Air
Quality Stewardship Award. He received the award at the annual awards luncheon
at the Berry Hill Mansion in Frankfort.
-
Body shops do brisk business during deer season in autumn - It may be
Santa and flying reindeer that usher in the holiday season for most retailers
in eastern North Carolina. -- But it is the whitetail deer that keeps auto body
shops busy this time of year.
- No relief
as paint prices rising with petroleum costs - While State Farm may be
willing to alter its pricing, the company still has to remain competitive,
which means there are limits to what shops can do in terms of price reporting,
according to one industry expert, who asked not be named because of his work
with insurers. -- “The allowances for paint and materials are controlled by the
insurers and they don’t actively grant increases,” according to the expert.”
The shops are once again going to be squeezed in the middle—the costs of
supplies are going to go up on one side and the insurers are going to continue
to stick their head in the sand and try to ignore it as long as they can. That
puts the squeeze on the shops to eat it out of their margins. It’s getting
harder and harder for them to do that.”
-
Should you prepay for car repairs? - Think of it as a 401(k) plan for
your car or truck. -- Customers of John Schupp’s two Sci-Tech Automotive repair
shops in Raytown and Grandview can prepay for car repairs. Schupp will even
match 10 percent of their monthly payment.
- Financial controller
at auto parts firm faces theft, forgery charges - Muncie, IN: A financial
controller at an auto parts maker stole about $167,000 from his employer and
laundered it through a girls softball league, authorities said.
-
Hannibal man pleads guilty to money scheme - A Hannibal man pleaded
guilty in federal court Thursday afternoon to one count of interstate
transportation of stolen money in connection with a check kiting scheme that
involved about $900,000 and banks in Missouri and Illinois. - According to
court documents, Foxall admitted the check kiting scheme took place from 2002
until Aug. 15, 2005. During that time, he was engaged in a number of business
ventures, including Premier Auto Glass, Five Star Auto Detail, Five Star Auto
Sale and Foxall Properties, all in Hannibal.
- Numbers
paint bleak picture - The best way to paint a picture of the American
auto industry is by the numbers, and in 2005 that picture is not pretty at all.
Here are some telling statistics out of Detroit.
- Blue-Collar
Blues - Delphi Corp. says that $25-an-hour factory jobs and comfortable
pensions are luxuries of a past era that it can no longer afford, an era that
may be remembered as the golden age of blue-collar workers.
-
Gain seen for auto parts firms - Korea: The move by Delphi Corp., the
biggest auto parts maker in the United States, to file for bankruptcy is
expected to have a positive effect on Korea's auto part exports, a state-run
think tank said yesterday. -- The Korea Institute for Industrial Economics and
Trade said the impact from Delphi's downfall on local manufacturers is expected
to be significant as Delphi's bankruptcy will likely accelerate moves by U.S.
automakers to diversify their acquisition of parts from overseas suppliers.
- More
automotive jobs leaving Saginaw - Eaton Corporation moves labor to
Mexico
-
ThyssenKrupp wants to sell auto business - German steel and engineering
group ThyssenKrupp wants to sell its automotive division either as a whole or
in parts, German magazine Focus reported on Sunday, quoting company sources.
-
Auto-parts maker will close Granite City plant - MO: Bankrupt
auto-parts supplier Tower Automotive Inc. will close its Granite City plant by
the end of 2006, laying off about 300 employees as the financially troubled
company seeks to trim excess manufacturing capacity.
- Trade with China:
Emerging economic giant casts long shadow - China, the world’s most
populous nation and a fast-growing economic and political power, might seem an
odd place for one of the smallest U.S. states to set up a sales office. -- But
that is what South Carolina will do this week when Gov. Mark Sanford and
Commerce Secretary Bob Faith lead a state delegation to Shanghai to open a
branch office.
- Automotive
E-Commerce and Technology Guru Mark Boyd Joins Auto Dealer Traffic, Inc. -
Auto Dealer Traffic, Inc., a leading automotive internet marketing firm, has
named Mark Boyd as the company’s new Executive Vice President and Director of
Strategic Development. Renowned in the automotive e-commerce world for his
unprecedented success at Dealix Corporation and Chrome Systems, Inc., Boyd has
an impressive history and expertise in the automotive technology sector that
will help Auto Dealer Traffic empower auto dealers through search engine
marketing and search engine optimization technology.
-
Group 1 Automotive Announces Preliminary Third-Quarter Results, Revises
Full-Year Outlook and Schedules Earnings Release - Group 1 Automotive,
Inc., a Fortune 500 specialty retailer, announced today that it expects to
report earnings per diluted share of $0.83 to $0.86 for the third quarter ended
Sept. 30, 2005. -- Group 1 owns 95 automotive dealerships comprised of 143
franchises, 33 brands and 31 collision service centers located in California,
Colorado, Florida, Georgia, Louisiana, Massachusetts, New Hampshire, New
Jersey, New Mexico, New York, Oklahoma and Texas. Through its dealerships and
Internet sites, the company sells new and used cars and light trucks; arranges
related financing, vehicle service and insurance contracts; provides
maintenance and repair services; and sells replacement parts.
-
Auto-insurance costs on the rise in Arizona - High gas prices might not
be the only thing cramping motorists' driving budgets: Auto-insurance costs in
Arizona are on the rise and remain on the high side nationally. -- The average
rate has gone up 16.6 percent in Arizona in the latest five-year measurement.
But there is some good news: The increase is less than the national average.
October 14, 2005
- Cox Protects
Consumers With Easy Access to Information on State Farm Salvaged, Retitled
Vehicles - Michigan Attorney General Mike Cox announced today that
consumers can now access information on 2,532 previously damaged vehicles at
www.michigan.gov/ag. Cox has posted each vehicle’s identification number (VIN),
make, model, and year online as part of his settlement with State Farm Mutual
Insurance Company over the company’s failure to make sure titles show the
vehicles were previously damaged by theft or accident.
- State Farm
Michigan Salvage Vehicle Information - Attorney General Cox Provides
Notice to Vehicle Owners
-
Auto service group helps victims of domestic violence - Members of
Bumper to Bumper Certified Service Centers, a mostly-male group of Chicago area
auto service company owners, wanted to make a strong statement this year with
its annual charity event. -- With that in mind the organization decided in
January to find a way to provide cars to victims of domestic violence. What was
born was the Bumper to Bumper Charity Car Campaign aimed at helping women who
needed help.
-
Tower Automotive Continues Operational Restructuring - Company to
Consolidate Production from Milan, TN and Granite City, IL Facilities into
Other Tower Locations
-
Light the way to a safer Halloween - The Canadian Cystic Fibrosis
Foundation (CCFF) is continuing a Halloween tradition by partnering with
CARSTAR Collision Repair Centres, for its sixth annual FrightLites fundraising
campaign. Across Canada, more than 100 CARSTAR locations, along with CCFF
volunteers, will be selling the non-toxic glow sticks. The campaign, which runs
throughout October, promotes safety among trick-or-treaters and raises
much-needed funds for cystic fibrosis (CF) research and treatment.
- Adjust
to new auto industry, DesRosiers tells firms - A group of leaders from
Goodyear, Pilkington and Alcoa, along with the Collingwood Labour Council,
municipal, provincial and federal politicians and local business people
attended the Business in Motion lunch at the Georgian Manor Resort Wednesday.
- Ford Appoints
First Female Executive VP - Ford Motor Co. has named its first female
executive vice president in its 102-year history as part of a series of moves
intended to boost Ford's flagging North American operations, the company said
Thursday. - Anne Stevens, 56, was named executive vice president and chief
operating officer for the Americas, a new position that makes her one of the
highest ranking women in the auto industry. Stevens previously served as Ford's
group vice president of Canada, Mexico and South America. She joined the
company in 1990.
- Execs line
pockets, humiliate employees - The double threat that U.S. workers face
from cheap labor overseas and greedy executives here at home made headlines
when Troy-based Delphi Corp. -- the world's second largest auto parts
manufacturer -- announced Saturday it was filing for bankruptcy.
-
Automotive tech scholarships available for '06 - RI: Christopher
Bannister, chairman of the Automotive Technology Department at New England
Institute of Technology in Warwick, R.I., has announced the availability of an
automotive related scholarship that will be awarded to individuals studying
automotive technology in 2006. -- The annual investment to help develop future
aftermarket industry leaders is primarily funded through proceeds from the
annual Global Automotive Aftermarket Symposium.
-
Students to Explore Auto Careers in New Car Dealerships - Governor
Schwarzenegger recognizes Automotive Career Week
-
Universal Technical Institute, Inc. Announces Timing of Fiscal 2006 Business
and Financial Outlook Conference Call - Universal Technical Institute,
Inc., a provider of technical education training, announced today that it will
issue a press release and hold a conference call on October 26, 2005 at 2 p.m.
Pacific Time (5 p.m. Eastern Time).
- Japanese auto
supplier to locate in Lauderdale Co. - MERIDIAN, Miss: Japanese
automotive supplier Teikuro Corp. has announced plans to locate a plant at the
G.V. "Sonny" Montgomery Industrial Park in Lauderdale County. -- Teikuro Corp.
provides hard chrome surface treatment for the automotive industry and repair
of large and small die applications for stamping, forming and forging. The
Meridian facility will service automotive industry customers in Mississippi,
Texas, Louisiana, Alabama and Georgia.
- Auto
parts wholesaler to expand in Suwanee - GA: You could call it the
"wheel" deal. -- Genera Corp., a California-based wholesaler of imported
automotive replacement parts, has partnered with Duke Realty Corp. to develop a
facility at Suwanee's Horizon Park. -- Genera serves auto parts distributors
and supply companies throughout the United States and Canada.
-
2006 Ford Freestyle Earns IIHS 'Best Pick' Rating for Frontal Crash Test
Performance - Following its recent 40-m.p.h. offset frontal barrier
crash test, IIHS noted that Freestyle's occupant compartment experienced
minimal intrusion by maintaining its integrity very well -- an essential factor
in helping to protect vehicle occupants in a frontal crash.
- Toyota to
fix software problem on 75,000 Prius hybrids - Toyota will tell the
owners of 75,000 Prius hybrids that their cars might stall while driving
because of a computer software problem. -- The automaker said Thursday that
engines for 2004 and some early 2005 Prius models need to have their Electronic
Control Module (ECM) reprogrammed.
- Culture
change helps auto supplier prosper - US Farathane's worker retention
and revenues soar; communication at all levels called key. --
There used to be a revolving door at US Farathane Corp., a
plastic-injection mold automotive supplier. -- CEO Andrew Greenlee
solved the first problem by staying after taking the reins in early 2001 at the
age of 33. He could have used the job as a stepping stone, but instead made a
long-term commitment to the company.
-
ADESA Corporation and AutoTec Partner to Help Dealers, Auction Industry
- ADESA Corporation announced today it has teamed with AutoTec, LLC, to provide
its dealers with Auction ACCESS®, a simpler, more convenient way to do business
at any ADESA U.S. auction location and, for that matter, around the entire
industry.
- Charged
in Lowell, Mass. Staged Accident Scheme - Nine individuals have been
arraigned in Middlesex Superior Court in Cambridge, Mass. in connection with an
insurance fraud scheme that included the staging of several motor vehicle
collisions in Lowell, Tyngsborough, and Bedford. Another 7 individuals were
also indicted in connection with the scheme and warrants have been issued for
their arrests.
-
Apogee Enterprises Names James S. Porter CFO - Apogee Enterprises,
Inc., which develops and delivers value-added glass products and services for
the architectural, large-scale optical and automotive industries, today
announced that James S. Porter, vice president of strategy and planning, has
been named Apogee chief financial officer (CFO). He has been interim CFO since
July.
-
Safelite Group Announces Fuel Reduction Efforts - Safelite Group, a
leading provider of auto glass products and services, announces the launch of a
company-wide program called "Turn It Off - Idling Gets You Nowhere." The
initiative is an effort to reduce fuel consumption of the more than 2,500
vehicles used by two subsidiaries - Safelite AutoGlass, the nation's largest
provider of auto glass services, and Service AutoGlass, a leading U.S. auto
glass wholesaler. -- The "Turn It Off" theme was chosen to remind employees to
not leave their vehicles idling between trips and to alter a culture of doing
this. Prior to 2001, Safelite Group technicians were required to keep their
vehicle engines running to keep the urethane, an important component in the
windshield installation process, at the proper temperature. New Safelite
vehicles are now designed and equipped to keep the urethane at the needed
temperature and operate electrical equipment without the engine idling. By
2004, 85 percent of Safelite's fleet had this capability.
-
Direct Costs of Depression in the Workplace Are Tip of the Iceberg
- Employers Have Huge Stake in Promoting Depression Treatment
October 13, 2005
-
Self-healing bodywork - A car that protects itself from superficial
damage using supple bodywork is on the drawing boards at General Motors in
Detroit, Michigan, US. -- GM is using a "shape memory” alloy, which expands when
heated, to remove minor dents, and claims to have had best results with an alloy
of nickel and titanium that changes state at around 70°C. The alloy is mixed
with filler particles of electrically conductive carbon, so that feeding a
current through the material makes it heat up and rapidly change shape. -- The
alloy could be placed along the edge of a car door, an area that often suffers
knocks as people climb in and out. When the door opens, a low current would flow
through the strip, making it expand slightly. As it closes again, the current
switches off, cooling the strip down. Should the door have suffered a bump, the
expanding alloy ought to absorb any dents as it shrinks back to normal. --
Unfortunately, GM says, the material provides no protection against heavy
impacts and certainly cannot grow a new surface.
-
Insurance firms auctioning autos - More than 400 vehicles that flooded
when Hurricane Katrina battered the Gulf Coast on Aug. 29 will be auctioned off
Friday to licensed automotive dealers and dismantlers. -- That auction is
closed to the general public.
- Web
service connects auto dealers, customers - Troy business builds
customized Web pages to show what repairs are being done on a car.
- Petroleum
increases put squeeze on auto body repair industry - It's not just
parts that are being effected, that shiny paint on the exterior of your
vehicle, it's petroleum-based too. -- In addition to manufacturing costs, auto
repair experts say it's costing them more to have parts shipped to them. Some
are even preparing to raise their labor rates to offset the increase.
-
ABRA Auto Body & Glass-Woodbury Assists Make-A-Wish Foundation - Aaron
Fowler was a typical teenage boy living in Oakdale, MN, with a simple dream of
restoring his 1990 Acura Integra. Unfortunately, Aaron is battling terminal
Acute Myologeneous Leukemia, and may only have a short time to live. -- White
Bear Acura performed all of the mechanical repairs.
- Local
custom shop honored by carmaker - MO: A Neosho auto customizing shop is
receiving national recognition for their work by one of America’s biggest auto
manufacturers. -- Street Graffiti is being honored by General Motors for work
they performed on a 2005 Pontiac Vibe. Street Graffiti was one of only eight
shops nationwide to receive a car from GM to “play with,” according to Dawn
Roper, co-owner of the business.
-
Lottery for auto work is set - MA: Residents of Nashoba Tech's seven
district communities, including Chelmsford, are invited to enter their vehicles
to be repaired as long as: the vehicle is registered; the necessary repairs
meet the educational and curriculum requirements of the school; the work is the
result of a collision and is not a restoration project.
-
Takeover doubted for car-parts firm - Automotive stock analysts and
other industry experts said that the plunge in the price of Dana Corp. shares
in recent days makes Toledo's largest company a possible, but unlikely,
takeover target.
- Auto: Battle
of the Supply Chains - Amidst the financial news of debt ratings,
bankruptcies, and financial distress of the Automotive industry, Ford is
looking to reduce its production supply base and build a “sustainable supplier
structure” that would prove to be more viable than today’s current business
models.
-
Visteon Recognized For Global Sustainability Practices - Visteon was
selected based on a variety of practices initiated within the company,
including environmental policies and practices, ethics training and community
involvement.
-
GM forging parts contingency plan in case UAW strikes - General Motors
Corp. said Wednesday it is working on a contingency plan in regards to a
potential strike by the United Auto Workers union against the automaker's top
supplier, Delphi Corp.
- Delphi chief says he
will try to save plants - Delphi Corp. Chief Executive Officer Steve
Miller said Wednesday he will take an "extremely hard look" at what can be done
to save plants in Dayton and other communities during the auto maker's Chapter
11 proceedings. -- But hourly workers could see wage cuts as early as the
second quarter of next year, he said.
-
Bridgestone to pay Ford $240 million in failure feud - Bridgestone
Corp., the world's second-biggest tiremaker, agreed to pay Ford Motor Co. $240
million to end a five-year dispute over which company was responsible for tire
failures in Ford sport utility vehicles.
- London
gets another auto parts plant - Warren Industries, which makes stamped
and welded assemblies for the North American automotive market, will open an
85,000-square-foot plant in London, employing more than 80 people.
-
Universal Technical Institute, Inc. Begins Training at Sacramento Facility
- Universal Technical Institute, Inc., a provider of technical education
training, today announced that the first class of approximately 60 students
began training on October 10, 2005, at its temporary Sacramento campus. The
temporary facility has capacity for approximately 400 students and the facility
is approximately 21,000 square feet.
-
TRW says Dalphi transaction cleared - TRW Automotive Holdings Corp. on
Wednesday said European regulators cleared its proposed acquisition of a
majority stake in Dalphi Metal Espana SA, a maker of airbags and steering
wheels.
- Northern
Va. Police Bust Staged Accident Ringleaders - Authorities are taking
aim at 'swoop and squat' accident scams They call it the "swoop and squat'.' A
driver pulls in front of another vehicle and slams on the brakes, deliberately
causing an accident to collect the insurance money. -- In northern Virginia,
local state and federal authorities formed a task force, Operation Moving
Target, after an Arlington police officer making a routine traffic stop learned
that the cars involved had been stolen from Indiana. Arlington Police learned
that police in neighboring Fairfax County were conducting a similar
investigation, and the task force was formed, said Arlington Police Capt. Rich
Alt.
-
ENTEK employees raise money for Louisiana workers - The PPG plant in
Lake Charles, La., was closed and most of its 1,400 employees ordered to
evacuate the town to avoid the hurricane. About 120 workers stayed onsite to
protect the plant. -- After the hurricane passed, when PPG officials went about
assessing damage to the plant and finding out what happened to employees, it
discovered that most of their homes were destroyed or severely damaged, but the
people were safe.
October 12, 2005
-
Used-vehicle buyers should check histories - MI: Robert and Joni
Aukerman, of Kalamazoo, say they're among those victimized by the situation. --
In the spring they were informed by the Attorney General's office that they
owned a salvaged car and were eligible for a $1,000 payment from State Farm.
Now the couple is considering whether to pursue legal action against the
insurer.
-
Toyota buying hybrid parts from Hitachi to meet vehicle demand - In
turning to Hitachi, Japan's largest car maker decided to look outside the
company to secure procurement for the key component at a time when concern for
the environment and rising fuel costs, especially in the U.S., have led to
surging demand for the fuel-efficient vehicles.
- GM is
slashing costs to bring out new cars - Automaker revamps engineering
operations to save up to $1 billion on next midsize lineup.
-
Bankruptcy move has plants on edge - Delphi’s bankruptcy declaration
brought mixed responses from area automotive suppliers.
-
Delphi bankruptcy heralds major changes in auto jobs - It would be
difficult to overemphasize the enormity of the Delphi Corp. bankruptcy
declaration. It is not just recognizing the fact that the company can't make
ends meet. It signals the beginning of the end of an extraordinary era, but
most likely the beginning of another.
-
CEO says Valeo won't face same problems as Delphi - "It would never
happen to Valeo for a simple reason -- our management system is characterized
by speed and transparency," Valeo's chairman and chief executive, Thierry
Morin, told LCI television. -- Morin added that Valeo had undergone
restructuring in the past few years, it had cut the number of production sites
and taken them to low-cost countries.
-
U.S. Automakers May Be Saved By Bankruptcy Filings - U.S. Automakers
suffering from bloated pensions (including astronomical healthcare costs),
tough unions and high fuel costs. They've had to resort to heavy discounting,
including "employee price" specials, so that products would continue to move
quickly enough to keep factories running.
-
DaimlerChrysler recalls 283,000 Ram pickups for transmission
- DaimlerChrysler AG's Chrysler unit, the third-biggest U.S. automaker, said it
will recall 283,000 Dodge Ram pickup trucks that may roll away if the gear
shift isn't fully placed in the "park" position.
- Tower Automotive Opens
New Manufacturing Plant in Germany - Tower Automotive announced that it
has opened a new manufacturing facility in Duisburg, Germany. It is scheduled
to begin production in early 2006. The new facility will primarily serve
DaimlerChrysler for the production of complete body-in-white assemblies
including the front and double cabin door assemblies for the next generation
Mercedes-Benz Sprinter light truck.
- Moran joins Auto Hall
of Fame - Auto magnate Jim Moran will be inducted into the Automotive
Hall of Fame tonight in Detroit, joining such industry luminaries as Henry
Ford, Thomas Edison and Lee Iacocca. -- induction into the Automotive Hall of
Fame. -- ''In addition to being a true rags to riches story and really an
inspiration to anyone going into the business, Jim Moran was really one of the
retailing pioneers in the automotive industry,'' said Jeffrey Leestma,
president of the Automotive Hall of Fame in Dearborn, Mich.
-
Local Best Award Presented to ABRA Auto Body & Glass - ABRA Auto Body &
Glass announced today that its repair center in Sioux Falls was named one of
the top three companies in the "Windshield & Glass Repair" category. The
results were based on an on-line survey conducted by The Local Best.com.
- Reaction Injection
Molding Provides Superior Alternative to (Thermoplastic) Injection Molding
- RIM technology drives global growth of high quality, low cost molded
products. -- Parts created through the RIM technology include car bumpers,
dashboards, snowboards, footwear, sporting goods, medical equipment, furniture,
decorative moldings, and mannequins.
-
Mexico's struggling Vitro to sell headquarters - Mexican glass maker
Vitro, struggling under heavy debt and increased competition, said on Tuesday
it put up for sale its corporate headquarters near the northern city of
Monterrey.
-
DuPont Announces Leadership Changes - Complete bios and photos are
available on the DuPont web site
-
Dumping Your Car - For many of us, especially those with a Y
chromosome, a car becomes as comfortable as an old pair of shoes, and dumping a
beloved clunker is tougher than kissing a girlfriend goodbye.
-
Ontarians urged to beware of auto insurance fraud ring - The Insurance
Brokers Association of Ontario (IBAO) wishes to warn all Ontarians of an
insurance fraud ring across the province. -- It has been brought to the
association's attention that over the past several weeks, ads have been
circulating throughout the media in dozens of cities across the province
advertising fraudulent automobile insurance.
October 11, 2005
-
Delphi CEO offers warning, remedy - Miller says Delphi collapse could 'fatally
wound' GM; urges slashing workers' pay.
-
Letters from State Farm: ‘Your car’s a total wreck’ - The letters are
part of a $40 million, out-of-court settlement brokered in private by lawyers
for State Farm and a small group of state attorneys general who later came to
represent Missouri, Illinois and nearly all other states. -- State Farm is
giving consumers until Nov. 18 to sign the settlement. The insurer says those
who sign will get checks early in January.
-
Should Insurers Purchase Parts? - For insurers to buy and pay for parts
for every body shop in the country is not that difficult as you may think.
Because of the tremendous buying power of the insurance companies they could
negotiate better discounts with the OEM’s while still using the dealership
network for delivery.
- Safety
at intersections - Car manufacturers are working on advanced driver
assistance systems for more safety at intersections, which have been identified
by researchers as the number one spot for accidents in city areas.
- Ford
loses three top execs - Loss creates major reshuffling in North
America; more are expected to leave
- EPA Office Assesses
Penalty to Alaska Auto Salvage Yard - The U.S. Environmental Protection
Agency has issued an administrative complaint for eight alleged hazardous waste
and used oil violations to Dean's Auto Salvage, located in Anchorage, Alaska.
The fines total $85,413. The alleged violations were for failure to properly
manage hazardous waste and used oil between May 2002 and September 2003.
- Dana to
restate earnings after accounting errors - Axle maker's mistakes
involve customer prices and supplier deals; shares fall 34 percent.
-
EnTire Solutions, LLC Supports Legislative Informational Session on Tire
Pressure Monitoring Systems - EnTire Solutions, LLC recently hosted an
informational tire pressure monitoring session to educate members of Congress
on the benefits of tire pressure monitoring systems.
-
Jerome's Auto Body gets new name, new home - ND: Auto body repair has
been in the Lundeen family for three generations. Jay's grandfather, Clarence
Lundeen, started Lundeen's Body Shop directly south of the Minot Municipal
Auditorium in 1952 and ran the shop until his death in 1976. It was around that
same time that Clarence's son, Jerome, opened his own body shop, Jerome's Auto
Body.
- Auto repair
goes from garage to lab - L'Anse Creuse North teaches teens about
technical systems with software provided by DaimlerChrysler.
October 10, 2005
-
Caliber Collision Centers Names Robert Genthert Senior Vice President and Chief
Financial Officer - "Bob's extensive experience in financial management
and strategic planning, as well as his hands-on, operations-focused management
approach will complement and support the talents of our senior management
team," said Dan Pettigrew, president and chief executive officer for Caliber
Collision Centers. "We're confident that Bob's demonstrated ability to manage
financial operations and field support functions in a competitive, rapidly
changing environment will benefit the service and value we offer our internal
and external customers and our insurance company clients."