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Economy shows signs of rebound
Detroit Free Press Share    
Recent evidence from the Detroit Three and the broader economy is making it difficult to deny that the U.S. economy — even including Michigan — is beginning to heal. That's despite the fact that many people remain out of work, housing prices are weak and foreclosures continue. In the last two weeks: Ford Motor Co. reported a nearly $1-billion third-quarter profit.
The Chrysler Group said it generated an undisclosed level of cash in September. And General Motors Co. said it has generated $3.3 billion in cash since its July 10 exit from bankruptcy. More
ASA joins auto industry in opposition to NCOIL airbag model
Automotive Service Association
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The Automotive Service Association (ASA) has urged collision repairers to contact their state legislators who are
members of NCOIL's Property and Casualty Insurance Committee to oppose NCOIL's Model Act Regarding Auto Airbag Fraud. The committee will review the model act in meetings that commence today.
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Related story: Oppose NCOIL Model Act regarding auto airbag fraud (ASA)
Ford Fusion: 2010 Motor Trend Car of the Year
CNN Money
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Motor Trend magazine named the
Ford Fusion mid-sized sedan as its 2010 Car of the Year on Tuesday. The award includes both the gas-only and hybrid versions of the Fusion. This year's Car of the Year was selected from among a field of 22 different cars all of which were newly introduced or, like the Fusion, substantially redesigned for the 2010 model year.
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Toyota awards new Techstream Lite Kits to CARS attendees
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The new Techstream Lite Diagnostic Kit, introduced at the recent 2009 Congress of Automotive Repair and Service (CARS), was developed to make factory-level Toyota Techstream Diagnostics more affordable. Toyota provided demos of
the new system on the expo floor, and attendees were encouraged to enter a drawing to win one of three Techstream Lite Diagnostic Kits. Toyota recently announced the three independent shop winners ...
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"Do You Have Five Minutes?"
 ASA has launched a supplemental "How's Your Business?" survey that asks members about their business and advertising strategy. This
five-minute survey is the first in a series ASA is launching to stay in touch with members and their needs. Take the survey now!
ASA members: Login Now to Start the Survey
Don’t know your
membership number? Contact the Membership Department at (800) 272-7467, ext. 295, for your number and to update your
contact information.
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California moves closer to insurance by the mile for drivers
DailyTech
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In
many states in America, auto insurance is a requirement. This is a good thing since that means any accidents that happen will be sure to have coverage by both drivers. The problem according to some drivers and insurance companies is that drivers that drive more miles and have a higher chance of accidents pay the same amount as drivers who drive significantly less.
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Clunkers become junkers
WNDU
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One man's junk is another man's treasure as the Cash for Clunkers program moves to the auto salvage yard. "Probably 75 percent of the vehicles we brought in, I would never have considered a clunker," said Rick Niedbalski of Mike's Auto Salvage in Mishawaka, Ind.
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GM gets tax break to stay in Detroit headquarters
BusinessWeek
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General Motors Co. is promising to keep its headquarters in Detroit in return for expanded state tax credits. The Michigan Economic Growth Authority gave the go-ahead to extend tax credits the company won in
June for agreeing to build a new small car at its Orion Township plant near Pontiac in Michigan. The new agreement says GM must keep 22,500 employees in the state rather than just 20,000 to get the tax credits.
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Ford: EcoBoost engine attracts younger buyers
Motor Age
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EcoBoost engine technology is driving younger, more affluent customers to Ford showrooms, the automaker reports. And many of these buyers are hot to trade-in their competitive-make vehicles to get their hands on one equipped with the fuel-efficient direct-injection turbocharged EcoBoost engine. "EcoBoost technology is helping bring in a new customer to Ford dealer showrooms," says Amy Marentic, Ford group marketing manager. "This customer is younger,
more affluent, and more often trades-in competitive products."
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RepairPal and AOL Autos launch partnership
RepairPal
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RepairPal, the award-winning destination for
free auto repair estimates, and AOL Autos, one of the leading sites for automotive information on the Internet, announced a content distribution partnership. RepairPal's proprietary content, including the RepairPrice Estimator, will be featured on AOL Autos, which reached 6.9 million unique visitors in October 2009 according to comScore Media Metrix data.
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Check out CARDONE's online catalog of 37,500+ SKUs featuring import and domestic, early to current model applications. If your part is in our catalog, ask for it at your local parts supplier. MORE |
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Chrysler is recalling Jeeps for transmission issue
The New York Times
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Chrysler is recalling about 161,000
Jeeps because their automatic transmissions were assembled without a system to warn if the fluid is overheating. The automaker told the National Highway Traffic Safety Administration it is recalling 2007-08 Wranglers to install the warning system.
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37 percent of U.S. Saab dealerships to close
The Associated Press via MSNBC
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About 37 percent of U.S. Saab dealers will close as part of General Motors Corp.'s planned sale of the ailing Swedish car brand to Koenigsegg Group AB, a GM spokeswoman said. GM spokeswoman Ryndee Carney said the company had sent letters to 81 of the 218 U.S. Saab dealers notifying
them they will be expected to terminate their dealerships when the sale closes around the end of November.
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GM posts loss, vows to repay U.S. early
Reuters
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General Motors Co said it lost $1.2 billion in a bankruptcy-shortened third quarter, but it vowed a quick
repayment of $8 billion owed to the United States and Canada. The results gave analysts and potential investors the first look at GM's books for the period from July 10, when the top U.S. automaker emerged from a fast-track sale out of a bankruptcy engineered and financed by the Obama administration, through the end of the third quarter.
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Toyota's presence at CARS has never been bigger! Stop by booth #C9001 for a live demonstration of the all-new Electronic Parts Catalog and Toyota's Techstream diagnostic tools. Plus, enter for a chance to win Techstream and TIS products in daily drawings. To learn more, go to the Toyota Wholesale Parts website and register today!
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United Recyclers offers body shops and
mechanical repair shops the ability to search used parts
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trucks. Each URG member provides quality assurance to the product. The
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MORE is Snap-on's
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