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Business - automotive latest news

Business - automotive latest news


PerformanceCars: PerformanceCars: 19th Annual One-Day Car and Loan Sale
VANCOUVER, BRITISH COLUMBIA (MARKET WIRE) PerformanceCars and Meridian credit Union announce their 19th Annual One-Day Car & Loan Sale, Saturday, May 10th, 2008 at all PerformanceCars dealerships in St. Catharines-Niagara.
Market Wire Thursday, May 08, 2008

Uni-Select Inc.: Uni-Select Inc.: Net Earnings Increase by 4.0% in the First Quarter of 2008
BOUCHERVILLE, QUEBEC (MARKET WIRE) Uni-Select Inc. (TSX: UNS) recorded an increase in net earnings of 4% for the first quarter of 2008 to reach $6,061,000 or $0.31 per share compared to $5,828,000 or $0.30 per share last year. Sales were reported at $281,698,000 in the first quarter of 2008, an increase of 3.1% compared to sales of $273,165,000 in 2007. The increase in sales for the Company is largely due to the various acquisitions completed in recent quarters partially offset by the unfavorable Canadian exchange rate compared to the US dollar. Excluding the impact of the exchange rate, sales for the Company would have
Market Wire Thursday, May 08, 2008

Timminco Limited: Timminco Announces Solar Silicon Operational Review by PHOTON Consulting
TORONTO, ONTARIO (MARKET WIRE) Timminco Limited ("Timminco") (TSX: TIM) today announced that it has received an operational review report from PHOTON Consulting on its solar grade silicon business located at Becancour, Quebec, based on a one-day facility visit by a PHOTON Consulting team in early May, 2008. Timminco commissioned the report to support due diligence efforts for strategic discussions beyond normal supplier-customer relationships that are ongoing with potential partners. The PHOTON Consulting team was given full access to the solar grade silicon production facility and to information relating to accounting
Market Wire Thursday, May 08, 2008

Affinia Group Inc.: Affinia Group Announces Results for the First Quarter of 2008
ANN ARBOR, MI (MARKET WIRE) Affinia Group Inc. announced a 5.4% increase in sales for the first quarter ended March 31, 2008 compared with the first quarter ended March 31, 2007. Additionally, operating profit for the first quarter improved by 64% over the same period in 2007. Operating profit was $18 million in the first quarter of 2008 compared with $11 million in the first quarter of 2007. The Company also posted $18 million of operating cash flow for the first quarter of 2008, a $15 million improvement over the same period in 2007.
Market Wire Thursday, May 08, 2008

Timminco Limited: Timminco Reports First Quarter 2008 Results
TORONTO, ONTARIO (MARKET WIRE) Timminco Limited ("Timminco") (TSX: TIM) today announced its financial results for the first quarter ended March 31, 2008.
Market Wire Thursday, May 08, 2008

Keating: the next British supercar brand makes a double debut
With British performance car brands being sold to overseas interests left, right and center, it seems it's up to enthusiasts to create the next truly British supercar. And after an eight year development process, here it is: the Keating SKR and its racetrack-only, all-carbon TKR brother offer continental good looks, lightweight snappy handling and stonking power, from 400hp on the 6-litre V8 base model to a ridiculous projected 1500hp for the twin-turbo top dog. With sensible service intervals and a bespoke approach to supercar-building that will see everything from the dash instruments to the seat coverings and interior tailored to each buyer's specifications, Keating hopes to rekindle the British performance auto industry. Tally ho!.. Tags: automotive, Bugatti, SupercarsRelated Articles: British steam car aiming for 200mph land speed record Ascari debuts 625bhp A10 supercar Marcos TSO GT coupe sports car - 1100kg +400bhp 400bhp TVR Sagaris to premiere at British Motor Show Nobl
Gizmag Thursday, May 08, 2008

Linamar Corporation: Linamar Announces First Quarter Results
GUELPH, ONTARIO (MARKET WIRE) Linamar Corporation (TSX: LNR), a diversified global manufacturing company of highly engineered products, today announced its financial results for the first quarter ended March 31, 2008. The company's Powertrain and Driveline divisions ("Powertrain/Driveline") are world leaders in the collaborative design, development and manufacture of precision metallic components, modules and systems for global vehicle markets. The company's Industrial division ("Industrial") is a world leader in the design and production of innovative mobile industrial products, notably its class-leading aerial work
Market Wire Thursday, May 08, 2008

Timminco Limited: Timminco Announces Second Solar Grade Silicon Supply Agreement With Solar Power Industries, Inc.
TORONTO, ONTARIO (MARKET WIRE) Timminco Limited ("Timminco") (TSX: TIM) today announced that its wholly-owned subsidiary, Becancour Silicon Inc. ("BSI"), has signed a second agreement to supply solar grade silicon to Solar Power Industries, Inc. based in Belle Vernon near Pittsburgh, Pennsylvania. ("SPI"). SPI was BSI's first long-term solar grade silicon customer, having entered into its initial supply agreement with BSI in March 2007. SPI was BSI's largest customer in 2007.
Market Wire Thursday, May 08, 2008

Uni-Select Inc.: Uni-Select Inc. Makes a Strategic Acquisition in the Foreign Nameplate Sector
BOUCHERVILLE, QUEBEC (MARKET WIRE) Uni-Select Inc. (TSX: UNS) has entered into an agreement for the purchase of the assets of Beck/Arnley Worldparts Corp and its Canadian subsidiary Beck/Arnley Worldparts Canada ULC, both automotive replacement parts distributors specialized in parts for foreign nameplate vehicles. The company operates one master distribution center at its headquarters in Smyrna, Tennessee and maintains relationships with two other satellite warehouses allowing it to service the whole of the North American market. The sale is expected to be completed on June 1st, 2008, subject to closing conditions.
Market Wire Thursday, May 08, 2008


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