GM, Ford Stocks Hit Historic Lows: Earnings Forecasts Cut on Poor Sales Outlook
From Detroit Free Press DETROIT — In the face of a slowing economy and higher gas prices, shares of General Motors Corp. and Ford Motor Co. sank to historic levels last Thursday after Morgan Stanley Research cut its earnings forecasts based on a lowered outlook for U.S. auto sales. Ford stock fell to its lowest
New Product from Federal-Mogul’s Carter Brand Aims to Help Reduce Fuel-Pump Related Comebacks
Federal-Mogul’s Carter fuel delivery products brand has introduced an exclusive CleanScreen fuel strainer designed to reduce the incidence of fuel delivery issues. Fuel contamination and strainer clogging are leading causes of premature fuel pump failures facing automotive service facilities. The Carter CleanScreen is a patented strainer design that utilizes ultrasonically bonded, non-woven layers of filter media that retain significantly more contaminant material over a longer period of fuel pump operation.
From Counterman.com: Maintenance vs. Repair — The Impact on Parts Sourcing
by Gary Goms Knowing what maintenance parts your customers need will make their vehicles safer and more reliable — and your revenue greater. Most people remember the tale of Rip Van Winkle sleeping for 20 years and waking up in an entirely new and unfamiliar world. Today, a jobber can awaken to a completely new
From Counterman.com: Who Says?
Never underestimate the power of words. Take a second to think before you speak — that second could mean all the difference in the world.
Four Seasons University Introduced at MACS Convention and Trade Show
Four Seasons recently introduced its new technician training program – Four Seasons University – at The Mobile Air Conditioning Society (MACS) Worldwide 28th annual Convention and Trade Show, held at Disney’s Coronado Springs Resort in Orlando, FL. Trade show attendees who participated in MACS technical sessions during the convention, then visited the Four Seasons booth, received a Four Seasons University certificate and were enrolled in the program, which is designed to encourage continuing education in the climate control industry.
Honeywell International Bumped from Dow
This morning, it was announced that Honeywell International was bumped from the Dow Jones Industrial Average after 82 years on the list. Other companies with ties to the automotive and heavy duty industries that were removed from the Dow include Chevron, Sears and Navistar.
French Michelin Workers Hold Executives Hostage
From Bloomberg Michelin & Cie. workers protesting the planned closure of a site in eastern France held a pair of managers hostage overnight as company officials sought to end the situation. The executives held at the tire factory in Toul include the social-relations director and the local head of personnel, spokeswoman Francoise Rault said. “We’re
Delphi Bankruptcy Exit in Jeopardy
A plan by auto parts supplier Delphi Corp. to exit bankruptcy by the end of next month is in jeopardy as it struggles to get $6.1 billion in loans in the tight credit market. If the company does not secure the exit financing it needs by the end of March, equity investors led by hedge fund Appaloosa Management LP could abandon a deal to invest as much as $2.55 billion. The deal is crucial to Delphi’s ability to emerge from Chapter 11 protection.
CARQUEST and MACS Announce Champion, Runners-Up in Tech of the Year Competition
LANSDALE, PA — CARQUEST and MACS Worldwide have announced the winners in their search to find the best mobile A/C and heat transfer service technician in the United States and Canada. The champion and runners-up were announced Thursday, Jan. 31, during the CARQUEST Keynote Luncheon at Disney’s Coronado Springs Resort in Orlando, FL. MACS member
MACS Elects Officers for 2008 Board of Directors
LANSDALE, PA — The board of directors of the Mobile Air Conditioning Society (MACS) Worldwide elected officers for the 2008 term during the MACS 28th annual Convention and Trade Show, held last week at Disney’s Coronado Springs Resort in Orlando, FL. Elected by the board as chairman and chief executive officer was Andy Fiffick, owner