Miller reports income, sales up

Miller Industries, the Ooltewah-based vehicle towing and recovery equipment manufacturer, reported Tuesday increases in net income and net sales for its 2010 third quarter.

The company reported an increase of 72 percent in net income from the year-ago quarter. The company had net income of $2.9 million, or 24 cents per diluted share in its latest quarter, compared with $1.7 million, or 14 cents per diluted share in the same period a year ago, according to a news release. Net sales of $73.7 million increased by 28 percent in the third quarter compared with $57.5 million in the year-ago period.

Increases in net sales and net income were reflected by improved domestic sales volumes during the quarter, Jeffrey I. Badgley, president and co-chief executive, said in the release.

Mr. Goodwrench gets pink slip

DETROIT - General Motors is asking Mr. Goodwrench to pack up his tools.

The mechanic who served as the symbol of GM's dealer service brand for 37 years will be scrapped as of Feb. 1 in favor of "certified service" brands for each of GM's four remaining nameplates, the company said Tuesday.

GM dumped four brands as it went through bankruptcy protection last year and now sells only Chevrolet, Buick, GMC and Cadillac.

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