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In The News:

Motion Industries Sales Down 22% in 3Q

Atlanta, GA-based Genuine Parts Company (NYSE: GPC) reported sales for the third quarter ended Sept. 30, 2009, were down 10% to $2.6 billion from the prior-year period. Profit for the quarter was $107.6 million, a decrease of 18%.
 
For the nine months ended Sept. 30, 2009, sales were $7.6 billion, down 11% compared with the same period in 2008. Profit for the nine months was $300.4 million, a decrease of 23%.
 
Sales for Motion Industries, GPC's industrial unit, were down 22% for the quarter, and EIS, the Electrical Group, was down 30%.
 
Sales for the Automotive Group were down 1%, and S.P. Richards, the Office Products Group, was down 5%.

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