Visteon witholds bonuses from top execsReuters - "The bonuses were not
made because we as a company did not meet our performance targets for 2003,"
Visteon spokeswoman Kim Welch said.
Caliber Collision Centers Appoints Vincent Claudio as Vice President of Client
Services Business Wire - Claudio brings over 18 years of collision
repair and insurance industry experience to Caliber, with his most recent
position being director of physical damage claims for Safeco Insurance Co. As
director, he was responsible for the oversight of the physical damage claims
processes and management of Safeco's direct repair relationships throughout the
United States.
Technological Advances
in Auto Security Devices That Stomp Car ThievesYahoo News - A car is
stolen every 27.5 seconds totaling 1.2 million per year nationally, according
to the recent National Insurance Crime Bureau's report on the most stolen
vehicles. California is the epicenter of activity, with five of its cities
ranking in the top ten locations for the most auto thefts.
Shot of alcohol
greases micromachines Newscientist.com - A tiny shot of alcohol could
one day perk up worn-out micro-motors in digital camera displays, car airbags
and other micro-electro-mechanical systems (MEMS). The injected alcohol would
cause an alcoholic vapor to condense on the tiny crevices in the motor and
provide lubrication.
High
Steel Prices Take Toll on Winston-Salem, N.C.-Area Companies Winston-Salem Journal - Metal fabrication companies that
supply parts to the auto industry are getting hurt, analysts said. - The
American Institute of Steel Construction Inc. blames demand for scrap steel
from China as the main culprit in the sharp rise in scrap prices. The trade
group said that scrap was selling at about $120 a ton last summer. By the fall,
prices increased to $160 a ton and by mid-February it was more than $255 a ton.
March 30, 2004
New, Expanded Rancho Cucamonga Campus to House up to 800 Additional StudentsPRNewswire - Universal Technical Institute, Inc., one of the nation's
leading providers of technical education training, today announced that it has
entered into a long-term lease agreement to build a new campus in Rancho
Cucamonga, Calif.
Nine people accused of filing false auto accident claims San Jose
Mercury News, CA - The nine are accused of filing false auto insurance claims
and receiving a total of $300,000 in illegal settlement checks between 1994 and
2001 through a former senior claims representative with three insurance
companies.
CAR
dealers rev up on service Contra Costa Times - When it comes to
customer care, some car dealerships wow more than others. But with many
vehicles so close in technology, quality and performance, dealers and
manufacturers need to stand out.
Lejeune eyes ventures with automotive sector The Daily News, NC -
Marines and cars go together like, well, engines and gasoline. - The automotive
services mall could include a car wash, a facility for the sale and
installation of automotive wheels and stereos, an automotive parts and service
facility, an automotive theme restaurant, a car and truck rental facility, a
transmission repair facility, an automotive painting facility and a collision
repair facility.
Under-Maintained
Vehicles Cost Motorists Billions; Education is Key Yahoo News - The
Council estimates that more than $60 billion in vehicle maintenance and repair
are not performed every year, evidence that there is considerably more that
people should be doing to protect their automotive investments.
March 29, 2004
Driver's
fault vs. auto's faultDaily Herald - A car crashes through a building.
Someone must be asleep at the wheel, right? -- Not necessarily, says a Des
Plaines car wash manager whose employee drove a 2004 Jeep Grand Cherokee
through a neighboring restaurant.
Minnesota Glass Association Creates a NetworkSalient - The
Minnesota Glass Association (MGA) partners with the Minnesota Independent
Insurance Agents and Brokers Association (MIIAB) to form, the first of its
kind, auto glass claims processing network. Typically, the auto glass industry
networks have been owned by a glass company(s), or in LYNX's case, a glass
manufacturer.
US
auto companies prefer India Washington Times - The U.S. automotive
industry has voted India as the most preferred destination for outsourcing
engineering and technical jobs, the Times of India reported.
Classic-car
owners court top auto doctorsIndy Star - "I was worried," David
Letterman said, "that he wouldn't see me when I called him." Letterman wasn't
trying to get an appointment with a top-notch cardiac specialist. He was
looking to get one of his vintage cars into the garage of Francois Sicard, a
Connecticut mechanic widely known as the go-to guy for Ferraris.
Steel Dynamics denies breaching contract with GMReuters - Steel
Dynamics, one of several U.S. steelmakers that has slapped big surcharges on
customers to offset rising steel prices, argued it is not obligated to give
General Motors "the steel it wants at the price it wants to pay."
GEICO is
getting settled Buffalo News - The nation's
fifth-largest auto insurer is setting up a new national insurance service
center in Amherst that will ultimately house at least 2,500 employees in
customer service, sales, and claims jobs.
AAA Arizona to open its own auto-repair facility Phoenix Business
Journal - After offering its stamp of approval on others' auto repair
businesses, AAA Arizona this afternoon will break ground on its own auto repair
facility in the Northwest Valley.
Defective parts prompt Mitsubishi to launch massive recall Mainichi
Shimbun - The troubled Mitsubishi Fuso Truck and Bus Corp. will recall a
staggering 113,000 vehicles, admitting that a manufacturing defect could cause
their wheels to fall off.
Cooper Tire considers automotive unit sale Bizjournals.com -
Cooper-Standard is the tiremaker's automotive parts division. Based in Novi,
Mich., the business unit manufactures fluid handling systems, body sealing
systems and active and passive vibration control systems for vehicles.
Steelworkers Union May Fight Sale of Bankrupt Auto-Parts Supplier VeltriMiami Herald - The concern follows Monday's announcement that auto parts
supplier Flex-N-Gate Corp. has offered $66.5 million to buy Troy-based Veltri's
Royal Oak plant, equipment from its New Baltimore plant and three plants in
Canada.
Surveillance tape dismantles alleged East County chop shopSan Diego
Union-Tribune - The owner of the auto shop and a friend denied they dismantled
the car, unaware they had been caught on tape, said Sgt. Fritz Reber of the
county Regional Auto Theft Task Force.
March 24, 2004
Automotive
supplier Lextron files for bankruptcySun Herald - Under Chapter 11, a
company seeks court approval to remain in business as long as it pays its
current debts. However, the company must eventually reorganize and pay off
creditors or go out of business.
Auto yard deal may
be scrapped Herald - To the relief of north Everett residents, the Port
of Everett says talks with a firm that auctions off junked cars aren't going
well.
Groups
push bill on auto safety Detroit News - Consumer advocates make case
for Senate measure for more and tougher U.S. rules
IBM unveils middleware for automotive customers Computer Weekly - IBM
has launched software to help automotive customers solve key business
challenges, including the faster introduction of new products to market and
more efficient communications with customers and suppliers.
State Farm to Shut Four New Jersey Offices; 276 Workers Shifted to New YorkThe Record - It remains possible that State Farm could cut its New Jersey
payroll by hundreds more as part of a separate plan. The insurer announced
three years ago that it would leave the auto-insurance business in New Jersey
because of continued losses and what it said was over-regulation by the state.
March 23, 2004
Boyd
Group Income Fund reports Q4 profit of $197,000 after year-ago loss940
News - Auto body shop owner Boyd Group Income Fund earned a small profit in the
fourth quarter, reversing a year-ago loss despite lower revenues and weaker
markers in parts of the United States. - Boyd Group is the largest operator of
automotive collision repair centers in Canada and among the biggest in North
America. In addition to its 81 corporate locations, Boyd Group has 11
franchised outlets.
Beware of auto insurance scams KAAL - A bill currently working its way
through the Minnesota legislature would fund a fraud department housed in the
state department of commerce.
Consumer
Protections Added for NJ Drivers Insurance Journal - New Jersey
Governor James McGreevey took further steps Monday toward a consumer-directed,
competitive auto insurance market, announcing the adoption of additional
consumer initiatives as part of his auto insurance reforms – a series of
consumer protection regulations designed to put consumers in the driver's seat.
MID-SIZED parts suppliers under merger pressure Financial Times -
Mid-size car parts suppliers are being forced into mergers as their larger
customers attempt to cut the number of partners they do business with and put
pressure on prices, according to a study by PwC, the accountancy firm.
GM Bows to
Steel Suppliers CNN - General Motors Corp. (GM) agreed for now to pay
two of its suppliers to cover rising steel costs rather than risk cutting off
its supply of parts, even as the auto giant fights those price increases in
court, Tuesday's Wall Street Journal reported.
Midsize
cars score higher in high-speed crash testsDetroit News - The 2004
Suzuki Verona was the only vehicle among six midsize cars to get less than the
top rating in high-speed crash tests conducted by the insurance industry.
March 22, 2004
BEWARE using aftermarket auto parts Marion Star - Aftermarket parts
could cost you your life. You shouldn't have to sacrifice your safety so that
the insurance companies can save a few dollars on your claim. -
It is with the aftermarket parts that we have a problem.
They are generally of lesser quality, fit poorly and do not go through the
rigorous testing that OEM parts must endure. In a $6.5 million class action
lawsuit that was settled in Pennsylvania in January 2004, it was proven that
aftermarket parts diminish the value of the vehicle, jeopardize the
manufacturer's warranty and impair the vehicle's structural integrity, thereby
jeopardizing passenger safety. It is with this in mind that we may continue
with my story.
STEEL
businesses feel pricing heat The Journal News - In the auto body
business, the trend is toward more plastic and aluminum replacing steel parts,
said Charles Hipp, owner of Charlie's Auto Body in White Plains. - "It will
hasten the demise of steel" in the business, he said. "Unfortunately, what's
being replaced isn't cheaper for the consumer. We're seeing plastic bumpers
that are $900 on a Mercedes."
EXPERTS predict tough future for automotive jobs Myrtle Beach Sun News
- South Carolina is chasing automotive manufacturing
jobs even as the industry's work force is slipping away from the United States.
AUTO Manufacturers Await Annual Consumer Reports Car Issue Voice of
America - The April issue each year is devoted to new and used cars and light
trucks, their ratings by the Consumers Union auto test division and a survey of
subscribers' experiences with their own vehicle's reliability.
State Farm to add jobs The Saratogian - Spokeswoman Sandy Demskie said
the movement is part of a restructuring of operation centers in Malta,
Concordville, Pa., and Parsippany, N.J.
In Albany, Opposing Views on the Mission of a Business IncentiveThe
New York Times - Depending on your point of view, the deal that the Geico
insurance company struck to move 2,500 jobs to the Buffalo area in exchange for
valuable tax breaks is either shining proof that one of New York State's main
economic development programs works or further evidence of how far it has
strayed from its original goal, revitalizing blighted areas.
Side Air Bags Keep Drivers Safe Yahoo News - Investigators found that
bags designed to cushion both the head and torso during a side impact reduced
drivers' risk of death by nearly 50 percent. Torso-only side air bags provided
somewhat less protection, the authors note.
Bill Ford
pledges bonus to workers' kids MSNBC - Ford Motor Co.'s chief
executive, Bill Ford Jr., will give his first official bonus — worth about $1.5
million — to company employees for their children's college tuition. - Ford,
the great-grandson of Henry Ford, had refused to accept a salary since taking
the helm of the company in 2001.
March 19, 2004
GM
announces recall of 4 million 2000-04 full-size pickupsDetroit News -
There have been reports of 134 minor injuries but no crashes or fatalities
because of the problem, the automaker said. GM said it has been cooperating
with the National Highway Traffic Safety Administration on an investigation of
tailgate support cables.
Designer
alleges Chrysler had secret contract deals Detroit News - A product
designer at DaimlerChrysler AG’s Chrysler Group has filed a federal complaint
against the United Auto Workers union alleging workers were kept in the dark
about a secret agreement that lets the automaker cut jobs.
Auto
safety rules battle brews Detroit News - House likely to write
different regulations than sweeping change mandated by Senate
Officers named by repair group Arizona Republic - The ACCA is a
non-profit organization whose mission is to be a single voice that speaks for
the collision repair professionals in Arizona.
EDS sells its auto services unit to ADPBusiness Journal - EDS'
automotive retail group, which is based in Troy, Mich., was purchased by the
dealer services unit of ADP in Hoffman Estates, Ill.
EAUTOCLAIMS.COM(TM)
Issues Guidance as a Result of New Marketing Programs/Alliances Yahoo
News - eAutoclaims, Inc., which provides online claims management for the auto
insurance industry through both application services provider (ASP) and
outsourcing solutions, recently announced a new Co-Marketing Agreement with ADP
Claims Service Group.
Local officials upset about $2.3 million Charleston Daily Mail - The
Dow Chemical Co. gave its top executive a $2.3 million bonus, a move that one
area leader says sends a “bleak message” to a community where the corporate
giant has been cutting jobs for two years. - "It’s a shame Dow rewards its
higher management to figure out ways to do away with jobs in the Kanawha
Valley. Hopefully, it will end soon, but I’m afraid it won’t,” said Gresham,
whose union Local 598 represents about 270 hourly workers at Dow’s South
Charleston plant.
Dent in profits Calgary Sun - Auto body repairers shut out of insurance
firms' bonanza
Clemson sues
to keep ICAR name for new auto park The State - An Illinois company
called the Inter-Industry Conference on Auto Collision Repair has threatened to
sue the university to protect its own "I-CAR" acronym.
Calif. Judge
Rejects Steeltex Class Suit Reuters - A California judge on Wednesday
rejected a bid to certify a $3 billion national class action lawsuit claiming
lethal defects in 41 million heavy duty Steeltex tires made by
Bridgestone/Firestone.
Rizzi's Work: An Interview with the Man Behind the MovementGlassBytes
- Mark Rizzi, owner of ACR Glass in Alliance, Neb., has been involved in the
auto glass industry since 1985 and in recent years has become known for his
work documenting substandard windshield repairs and replacements.
March 17, 2004
Displaced workers turn to auto techGainsville Times - With a growing
number of corporations moving their jobs from the United States to other
nations, and laying off employees at home, thousands of workers find themselves
seeking new career paths.
Mechanic
Shortage Could Mean Longer Wait WHO-TV - Once you get your car out of
the ditch you may have to wait awhile to get it fixed. There's a nationwide
shortage of auto mechanics and body shop technicians. We checked with
a downtown Des Moines body shop to see how long you might have to wait to have
your car fixed.
Auto Mechanics Turning Away Newer CarsShortNews.com - In what is
becoming a trend, auto mechanics are turning away owners of newer vehicles
because they find it to difficult to crack the computer codes which control
everything from brakes to climate systems. Locksmiths are also finding it
difficult too.
Auto insurers rake in big profits CBC - Parking lots in Atlantic Canada
are full of vehicles with unrepaired dings and dents – a sign of consumers
reluctance to use their auto insurance.
Firestone faces possible Steeltex class actionReuters - Days after
settling a $149 million class action in Texas, Bridgestone/Firestone goes to
court on Wednesday in California to try to stop what could become the nation's
largest-ever class-action lawsuit claiming the tire maker allowed lethal
defects in its heavy-duty tires.
Ford to appeal judge's crash test order, sanctionsReuters - Ford Motor
Co. plans to appeal an Illinois state judge's decision to order a new crash
test to determine how well a trunk liner prevents fuel leaks during police car
crashes, a spokeswoman said on Tuesday.
Copart hires New CFOReuters - Auto salvage services company Copart
Inc. hired former telecommunications executive Will Franklin as chief financial
officer and senior vice president as of Tuesday, the company said.
March 16, 2004
Anti-Steering bill introduced in NebraskaABRN - Mark Rizzi is best
known in the glass installation industry where he’s made a name for himself
collecting data on shoddy, potentially deadly windshield repairs. If supporters
of a new anti-steering legislation in Nebraska have their way, Rizzi, owner of
ACR Glass in Alliance, Neb., could become a central figure in their fight to
curtail insurer influence over policyholders’ choice of collision repair shops.
Caliber Collision Centers Appoints Dan Pettigrew as Executive Vice President of
OperationsBusiness Wire - As Executive Vice President of Operations,
Pettigrew will assume responsibility for the oversight of all center operations
in California and Texas, and in other new markets as the company expands. In
addition, Pettigrew will be responsible for regional and support functions
including regulatory compliance, procurement and facilities management. In this
new position, Pettigrew will continue to focus on enhancing Caliber's
best-in-industry operations execution and service delivery.
NJ insurer's
failure jolts thousands Philadelphia Inquirer - Security Indemnity, in
the midst of a court squabble with backers, is not renewing policies.
Your car is watching you Ottawa Citizen - The use of black-box
recordings in the investigation of automobile accidents has become so
widespread that Canada's lawmakers need to set clear rules about how the data
can be used.
Firestone
parent says lawsuit settlement OK'd Reuters - Firestone maker
Bridgestone Americas Holding Inc. said on Monday the settlement covers only the
owners of Firestone tires who did not suffer injuries or damages from crashes
attributed to the tires.
Travelers Property Casualty Executes Definitive Agreement on Previously
Announced Asbestos SettlementBusiness Wire -Travelers Property
Casualty Corp.announced that it has executed a definitive agreement settling
asbestos-related statutory-based direct actions pending against Travelers under
various unfair trade practices acts and similar statutes, including the Wise,
Meninger and Cashman purported class actions and similar cases.
March 15, 2004 Please do not use us as your source for your news page unless
you would like to pay us for the research.
Shops and Associates Speak OutAutoBodyOnline - Most of the following
quotes were sent over the past year by shop personnel. Others were gleaned from
industry periodicals. “Words are the wings of actions."
Weakening
insurance laws would only hurt consumers
The Herald-Dispatch -
Because I am a licensed insurance agent in Ohio and an auto repair expert
specializing in the calculation of diminished value of vehicles in Ohio,
Kentucky and West Virginia, I know the rights and responsibilities of both
consumers and insurers.
AUTOXRAY Lands on the
Shelves of NAPA Auto Parts Yahoo News - AutoXray, Inc. is the leading
provider of effective, affordable diagnostic equipment to both professional and
amateur automotive technicians.
EX-COMMISSIONER
takes on insurer Indianapolis Star - In a lawsuit against the insurance
giant, Longstreth claims its officials conspired with a sheriff's detective to
implicate her in a criminal scam and deny her insurance claim after a robbery.
New perils of rescueThe Herald - "They are making cars safer for
occupants but more hazardous for emergency personnel," said Todd Hoffman, an
auto industry expert who earlier had joked about the speed of cars coming off
the assembly line. "Cars are being marketed to go faster and faster. What that
means is you have job security."
AUTOMOTIVE supplier reports quarterly loss Oakland County Press -
Collins & Aikman Corp. reported a net loss of 14 cents per share for the fourth
quarter of 2003 despite a 5 percent increase in revenues.
March 12, 2004 Please do not use us as your source for your news page unless
you would like to pay us for the research.
GEICO Workers Get 17.7% BonusThe Ledger - GEICO's Lakeland employees
received a profit-sharing bonus of 17.7 percent, a slight decline from 19.6
percent last year, employees told The Ledger.
Repair
shops get top award from AAAMNSUN - The sixth annual Top Shop award is
given to those repair facilities scoring 98 percent or higher in ongoing
customer satisfaction surveys. The evaluations are monitored and processed by
AAA.
Ford F-150 gets
top marks in U.S. crash tests Reuters - The redesigned Ford F-150 was
the only 2004 pickup to earn the government's top rating in the most recent
crash tests, regulators said on Thursday.
Jay Leno uses
GM Performance Parts to Rebuild His First Love AutoFan - Everyone
remembers their very first love. For many, it means a special car or truck.
Rekindling the passion stimulated by a great street cruiser has inspired
thousands to reclaim their past by restoring their first love. That's what
happened when Jay Leno decided to rebuild and improve his vintage 1955 Buick
Roadmaster.
Big 3
should take a bow for survey, but the work is not over Detroit News -
The reaction was predictable. After years of declaring Detroit’s cars and
trucks shoddy, dull and just plain bad, Consumer Reports used surveys covering
675,000 vehicles to proclaim that Detroit metal now is more reliable than the
Europeans.
Consumer groups sue
US over auto recalls Reuters - Leading consumer groups sued the U.S.
government on Wednesday to stop regulators from limiting some auto safety
recalls to selected states rather than forcing manufacturers to take nationwide
action.
Ford recalls more than 1.3 mln cars for 2 problemsReuters - Ford has
recalled more than 1.3 million Taurus and Sable sedans in two separate actions
in the United States to fix a faulty brake light and to replace an air filter
that can catch fire, the automaker said in letters to safety authorities
released on Wednesday.
New paint process at Kentucky Truck Plant wins award Business Journal -
DuPont Performance Coatings has received a national award for implementing a
painting process used by Ford Motor Co.'s Kentucky Truck Plant to produce
two-tone pickup trucks.
AUTO giants turn to
Taiwan for partsTaipei Journal - Taiwan is a major production base for
high-quality automobile replacement parts, as evidenced by this year's visits
of buyers from major international auto firms.
FCCJ auto repair school shifts into gear Jacksonville Business Journal
- The facility was created through a public and private partnership with
Southeast Toyota Distributors, whose representatives suggested the center to
train existing technicians and provide younger, more skilled workers.
Tucker
bill targeting auto-insurance fraud Lowell Sun - BOSTON Insurance
companies would be allowed to recover triple the amount they pay out for
fraudulent claims under an auto-insurance fraud bill being pushed by Sen. Susan
Tucker, who along with industry officials insists cracking down on fraud will
reduce costs for rate-payers statewide.
Due Diligence: Good times for insurers means drought in mergers Market
Watch - The era of big deal-making may be back, but not for the insurance
industry, where a booming stock market has strengthened reserves and has
insurers growing the old fashioned way: selling more products.
March 10, 2004
"Steering" AllegationsWOWT - Owners of body and glass repair shops in Nebraska are voicing
concern over a practice called steering. Some car owners who need damage
repairs say they are being pushed toward certain shops that are less expensive
but might not do the job right.
Collision
repairs can run smoothlyCharlotte Observer (Subscription) - Nearly one
in five vehicles on the road right now will be involved in an accident within
the next year, according to auto industry estimates.
Insurance
reform still not a done deal Herald-Dispatch - West Virginia Insurance
Commissioner Jane Cline said as part of the Insurance Commission, the fraud
unit would act on behalf of the state and not insurance companies. The fraud
unit would investigate fraud on the part of consumers as well as insurance
companies, she said.
Chrysler
to revive Charger Detroit News - Reborn car is planned for 2006 model
year as a mass market rear-wheel-drive sedan
Smart airbag proves man was speedingThe Globe and Mail - The airbag in
Éric Gauthier's car was designed to save his life. But it could put the
26-year-old behind bars.
Bump
shop business booming after snowstormKSTP - ST. PAUL - The day after
a sudden snowstorm caused many pileups in the Twin Cities, the repair shops are
getting some new business.
IBS Software Launches
PPG's GLAXIS-enabled ELMO Application GlassBytes - "With more than 50
years of experience in the auto glass business, we understand the hassle
involved with processing insurance claims for both shops and vehicle owners,"
said Kyle Kryger, president, IBS Software. "This GLAXIS-enabled ELMO software
helps our customers eliminate inconvenience, saving them time and money and
helping them serve their customers better."
Visteon Highlights Leading Technologies on Production and Concept Vehicles
PRNewswire - Visteon Corporation highlighted its leading technologies and
capabilities on current production vehicles and concept demonstration vehicles
during a technical overview led by John Kill, vice president of product
development for Visteon, at the Detroit Marriott Renaissance Center.
Delphi Supplier:
Courts Should Let Firms Fix Steel Issue Dow Jones Business News - One
of Delphi Corp.'s steel parts suppliers is arguing that Delphi has only begun
refusing to pay for steel surcharges since prices went up, and says the courts
should not stop the two companies from working the issue out.
March 9, 2004
Governor Ousts Auto Shop Regulator LA Times
(Subscription) - Gov. Arnold Schwarzenegger has ousted the chief of a state
office that regulates auto repair shops, shifting him into another job even
though supporters credit him with tough enforcement of the industry.
Superior
Automotive Group continues to expand The Daily Courier - The Superior
Automotive Group has extended its operations, gained new inventory in
Morgantown and will continue to further expand.
Tower Automotive Says Amends Results Reuters - Tower Automotive Inc.,
the maker of auto body structures and frames, said on Monday it amended its
previously announced fourth-quarter results, due to a reversal of an
extraordinary gain from its Mexico joint venture.
OUTSOURCING: Good or evil? Pittsburgh Tribune-Review - Pittsburgh-based
PPG Industries Inc. routinely sends research-and-development and engineering
work to the former Soviet Union, as well as India and China.
Spitzer's office accuses downstate clinic of auto insurance fraud
Albany Business Review - The defendants are accused of manipulating New York's
no-fault automobile insurance system by steering accident victims to IK Medical
P.C., a clinic in Queens. The clinic is reportedly owned by Dr. Irna
Kimyagarova, an osteopathic doctor, according to Spitzer's office.
Big 3
reliability gets a lift Detroit News - Consumer Reports ranks several
U.S. cars ahead of Europeans, but Asians still lead
Visteon,
UAW still discussing payDetroit News - Visteon Corp. said Monday that
negotiations are continuing with the United Auto Workers union on a
supplemental agreement that covers “future employees.”
March 8, 2004
Companies Fight
Rising Steel Prices Dow Jones Business News - Manufacturers are
fighting rising steel prices, and in at least one case taking suppliers to
court over the issue, even as they contemplate passing on the increased costs
to consumers, Monday's Wall Street Journal reported.
Conn.
Approves Travelers-St. Paul Merger with Certain ConditionsInsurance
Journal - With the condition that the combined firm keeps certain employment,
tax and charitable commitments to her state, Connecticut Insurance Commissioner
Susan Cogswell has approved the acquisition of Travelers Property Casualty
Corp. in Hartford by St. Paul Companies. Inc. of Minnesota.
JoeAuto steers
into tough times MSNBC - Interim financing will keep the auto repair
company on track as it works to emerge from bankruptcy
Auto insurance not a priority for many low-income peopleBillings
Gazette - Insurance isn't cheap, although it's not as bad in Montana as in
other states with more traffic congestion. Montana ranks 36th in terms of cost
of insurance, said state Auditor and Insurance Commissioner John Morrison
Red Tape Slows Auto Insurance Checks WNBC,NY - It's easy get
discouraged when an insurance claim is delayed. But the fact is, it's your
policy and you have every right to check and double check on what's being done.
Deputies bust
vehicle chop shop WBBH - Ft. Myers, FL - Engines and gas tanks were
just a few of the items that were part of the buffet of expensive car and truck
parts police found.
Toyota sets up China venture to make auto parts CBS MarketWatch -
Toyota announced Monday that it has set up a joint venture in Tianjin, China,
with China FAW Group Corp. to produce large automotive stamping dies.
March 5, 2004
PPG Announces Management AssignmentsBusiness Wire - Reg Norton,
director of global manufacturing and supply chain for PPG's automotive refinish
business unit, has been appointed global director, environment, health and
safety, effective April 1. He will replace David C. Cannon Jr., vice president,
environment, health and safety, who is leaving the company March 31. --
Lynne D. Schmidt, director of government affairs, will be promoted to vice
president, government and community affairs, and executive director of the PPG
Industries Foundation, effective July 1. She will replace Jeffrey R. Gilbert,
who is retiring as of the same date after more than 38 years with PPG.
Mercedes
coating comes up to scratch E4engineering.com - The new clear lacquer
top coat, which provides gloss and weatherproofing properties, is the result of
a four-year collaboration between Mercedes and US-based automotive coatings
supplier PPG Industries.
The 5
safest cars on the road MSN Money - When you are shopping for a car,
you may be caught up in price, styling and feature choices, but don't forget
safety. Our research turned up some excellent picks.
Ford ordered to pay Georgia family almost $47 mln Reuters - A jury in
Georgia has ordered Ford Motor Co. to pay more than $47 million to the family
of a young girl who was partially paralyzed after a fold-down seat collapsed in
a 2000 crash.
Pep Boys Pumps UpMotley Fool - Fourth-quarter and full-year 2003 results show a retailer
that appears to have turned things around.
Court Orders Delphi
Suppliers To Maintain Shipments Dow Jones - Delphi Corp. said Thursday
a court issued a restraining order ensuring shipments to the auto supplier will
continue as the company negotiates steel price hikes with its suppliers.
Air Bags on Quest May Fail The Ledger - Nissan Motor Co. is recalling
13,757 Quest minivans because the passenger air bag could deploy when there's a
child in the front seat, a company spokesman said Wednesday.
ASA, ASC Testify at
Michigan Senate Insurance Committee Hearing on Insurer-Owned RepairASA
- The Automotive Service Association (ASA) and the Automotive Service Councils
of Michigan (ASC-MI) testified recently before the Michigan Senate Banking and
Financial Institutions Committee on Senate Bill 819, Insurer Owned Repair
legislation. Repair facility owners from throughout Michigan packed a Senate
hearing room to show support for the legislation.
March 4, 2004
Automakers keep
close eye on rising steel prices Associated Press - Rising steel prices
are causing major automakers to brace for an increase in the cost of building
vehicles, a development that likely will force them to trim expenses even
further.
Auto Suppliers
Threaten To Stop Shipment Over Steel Costs Dow Jones - Some tier 2
automotive suppliers are threatening to stop shipments to tier 1 suppliers if
the companies won't increase prices to help absorb the impact of rising steel
costs.
State Farm's Lab
Experiments NEWS25 - Analysts share their information with State Farm
claims employees so they can more accurately assess vehicle damage. They also
share their information with repair shops and manufacturers.
NISSAN Recalls Quest Minivan for Failing Air Bag Standards Washington
Post - The recall involves Quests from the 2004 model year. Nissan discovered
during vehicle testing that the air bags could fire when a dummy the size of a
6-year-old was in the front passenger seat, Nissan spokesman Eric Booth said.
The Midas Thing
Hot Rod Magazine - A Pro Touring Gold Standard on a Budget. Kind Of.
Powerfully chic: 2004 Chrysler PT CruiserDunn County News - Launched
in July 2000 as a 2001 model, the Chrysler PT Cruiser continues to win converts
and fans with an exterior that is a cross between a 1930's style sedan and a
"surfing safari" beach wagon/panel van.
The Evolutionary C6
Vette Magazine - A Multitude of Refinements Make a Great Car Even Better
Third-largest insurer drops coverage along coastCHARLESTON, S.C. (AP)
- Nationwide Insurance Co. said the change, which took effect Monday, is
intended to limit its exposure to claims payouts from wind and storm damage.
The company designated 25 coastal ZIP codes, including parts of Charleston,
Mount Pleasant, Johns Island and James Island, as "no write" zones.
First responders learn about dangers in traffic accidentsThe Longview
News-Journal - About 100 firefighters participated in the extrication safety
training session sponsored by State Farm Insurance, local collision repair
businesses, Kilgore College, Longview Fire Department, Insurance Auto Auction
and the Inter-Industry Conference on Auto Collision Repair (I-CAR). Todd
Hoffman of Houston, an I-CAR instructor, conducted the day-long training.
March 3, 2004
AutoZone's 2Q Profit
Climbs 16% on Solid Commercial SalesDow Jones - The auto-parts
retailer Wednesday reported net income of $91.7 million, or $ 1.04 a share, for
the 12-week period ended Feb. 14, compared with $79.3 million, or 79 cents a
share, a year earlier. Sales rose 3.4% to $1.16 billion from $1.12 billion a
year earlier.
SCO files suit against AutoZoneZDNet - SCO Group on Wednesday filed
suit against auto parts retailer AutoZone, claiming the company has violated
SCO's copyrights through its use of Linux.
Industry group hails vehicle repair billsUPI - The Coalition for Auto
Repair Equality has welcomed the introduction of a motor vehicle owners' bill
of rights to repairs in the U.S. Senate.
Mixed
results for Big 3 automakers CNN International - GM posts strong gains;
Chrysler sales up slightly, Ford's rental market hurts results.
Earl Scheib Announces Two Additions to the Board of DirectorsBusiness
Wire - Earl Scheib, Inc. announced that its Board of Directors appointed James
P. Burra and Salvatore J. Zizza as members of the Board of Directors and
accepted the resignation of Gregory Helm from the Board, all effective March 1,
2004. Mr. Helm resigned to pursue other interests.
Car Dealership Faces
Federal AffidavitSCOCTVCharlotte News - Eyewitness News has
obtained a federal affidavit that accuses 5 Star Auto Mall, Monroe Auto Mall
and South Boulevard Auto Mall of falsifying documents to sell cars.
Mass.
Auto Insurer Hanover Sues Over High Risk 'Scheme' Insurance Journal -
The lengths to which an auto insurer in Massachusetts may go to circumvent the
state’s unique high risk pool has been brought to light by an unusual lawsuit
filed by one insurer against one of its competitors.
Volvo Unveils
First-Ever Car Designed by Women Yahoo News - 'Your Concept Car'
Initiated, Designed and Developed by Women; Team Hopes to Inspire Others to
Challenge Traditional Business Methods
General Motors Fights
To Improve Quality Image Dow Jones - They fixed their plants. They
streamlined operations. They reorganized everything from how they make cars to
how they make decisions to how they advertise.
NHTSA Upgrades
Investigation Into Accelerator Pedals Dow Jones - The National Highway
Transportation Safety Administration has upgraded its investigation into some
of Ford Motor Co.'s heavy-duty pickup trucks and Excursion sport utility
vehicles.
GM Design
Chief Meets Challenges With CalmDetroit Free Press - New GM design
chief Edward Welburn is in charge of resurrecting the automaker's reputation
after years of what experts call boring designs.
Lord Corporation Opens
New Michigan Facility to Better Serve the Automotive Market Yahoo
News - Lord Corporation -- a pioneer in specialty adhesives, polyurethane
coatings as well as electronic, vibration and noise control solutions for the
automotive market -- has expanded their Detroit area facility in an effort to
better serve the automotive market.
Competition is called the fix to auto insure woes Boston.com - New
research compiled by the Automobile Insurers Bureau of Massachusetts, which
represents the state's auto insurance companies, indicates the subsidies
flowing from suburban and rural drivers to urban ones are huge and growing at
an alarming rate. Industry officials say the subsidies distort the market and
are the chief roadblock to introducing competition in Massachusetts.
Dura
rolls down road to recovery Detroit News - Dura Automotive Systems
Inc., one of many auto suppliers that grew through acquisitions in the 1990s,
now finds itself challenged to adjust to the growth.
March 1, 2004
Saturn
may drop L-Series Detroit News - Despite high hopes, slow sales have GM
ready to end production earlier than planned
Mid-size car bumpers fare poorly in testsWashington Times - Bumpers on
five of six 2004 midsize cars performed poorly in low-speed crash tests
conducted by a Virginia insurance industry group.
Ford
settles in 15-passenger van rollover Detroit News - The case was the
first involving Ford Motor Co.’s 15-passenger E-350 Econoline van to a reach
trial in six years
Chemical firms hurt by CN strike Montreal Gazette - Some having trouble
getting raw materials, might have to close. Canada Colours of Toronto, and PPG
Canada two companies hit.