Midas Group News

Bob Frick, Senior Editor, Kiplinger.com Friday, August 8, 2008; 12:00 AM Americans have cut back on new-car purchases, and the economically squeezed among us are putting off repairs on the ones we own.

(AP) - Auto parts maker Tenneco Inc. and auto repairer Midas Inc. each reported falling second-quarter profits. Tenneco said Thursday its second-quarter earnings tumbled by more than two-thirds as it reeled from production cuts at U.S. automakers and warned that its annual earnings will be ...

Midas Inc., which provides auto repair services, said Thursday its second-quarter profit fell 27 percent, as a reduction in European royalties and increased spending offset higher revenues.

The Modesto-based owner of 22 Midas Auto Service Center franchises in the Bay Area and Central Valley is once again facing allegations that his businesses sold consumers unneeded repair work and parts when they ...

The Modesto-based owner of 22 Midas Auto Service Center franchises in the Bay Area and Central Valley is once again facing allegations that his businesses sold consumers unneeded repair work and parts when they ...

Life sciences company MDS Inc. is cutting 210 jobs in a restructuring of its MDS Pharma Services and MDS Analytical Technologies divisions.

MDS Inc. is suing Atomic Energy of Canada Ltd. and the federal government, seeking $1.6 billion over the cancellation of the MAPLE reactor project.

Alan Feldman has a vision for the future of Midas, Inc., the company he has helmed since joining the auto service giant in January 2003.

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Raj Mulwani recently opened his fourth Car-X Auto Service store along Interstate-10 West at Leon Springs and plans to open a fifth later this year in Round Rock.

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Known as a supplier of exhaust mufflers for automobiles, Midas Inc. is getting serious about the oil-change business.

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“By checking the essential parts of your car regularly, drivers will see a big difference in the performance of their automobile.”

As America's oil and gas prices hit record highs, drivers look to save money on their cars. via Car Junky

“Conversely, brake services account for nearly 40% of sales at a typical Midas shop compared to only 5% at a SpeeDee shop”

Midas Inc. has acquired 181 SpeeDee quick-lube and automotive maintenance shops throughout the United States and Mexico via its purchase of G.C. & K.B. Investments Inc. via Modern Tire Dealer

The national brake service company Midas Inc. announced Tuesday that it had purchased the assets of the New Orleans-area company that franchises SpeeDee Oil Change & Tune-Up. SpeeDee's president and founder, ... via NOLA.com

“We are off to a solid start in the first quarter with double-digit growth in both net revenues and adjusted EBITDA”

MDS Inc. has reported a 23 per cent rise in first-quarter net revenue to US$296 million, with net income rising by $1 million to US$17 million. via MyTELUS

Midas Inc. said Thursday its fiscal fourth-quarter profit tripled, helped by a favorable warranty adjustment and cost-control efforts. via Canadian Business Magazine

“Right now, Midas is being slowed by speed bumps”

The Midas touch is sorely missing at Midas . A major provider of automotive services--at its more than 2,500 shops in the U.S. and 17 other countries--Midas is hurting from the economic downturn that can make ... via BusinessWeek