The recession did not affect only automakers and dealers, but everything related to the auto industry. LoJack Corporation, the company that invented the stolen vehicle recovery market more than twenty years ago, reported that the revenue for the fourth quarter went down 26% to $35.6 million, from $48.2 million in the same quarter of 2010.
In announcing the results, Ronald V. Waters, President and Chief Executive Officer said, "Both our North American and international segments continued … (read more)