SmarTire reports $5.5-million loss for fiscal year
SmarTire Systems, a Canadian company that makes tire pressure monitoring systems for cars and light trucks, posted a $5.5 million loss for its 2001 fiscal year, compared to net income of $1.9 million in its 200 fiscal year. SmarTire said the difference in financial performance between the two fiscal years is the result of an $8.3 million gain on the sale of an investment in March 2000. In addition,