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May 1998

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Wednesday, May 13, 1998

Anniversary of Nation's Worst Drunk Driving Crash

Anniversary of Nation's Worst Drunk Driving Crash

10-year anniversary of the nation's worst drunk driving crash. Twenty-seven people, most of them children, were killed by a convicted drunk driver with a .24% BAC. ... Continue reading

Auto Affordability Continues to Improve

Auto Affordability Continues to Improve

An average-priced new vehicle during the first quarter of 1998 costs 25.5 weeks of median family income (before taxes). The figure for the same period in 1997 was 25.8 weeks of income. ... Continue reading

Auto Network USA to Open Albuquerque Facility

Auto Network USA to Open Albuquerque Facility

Auto Network USA, publicly-held wholesaler of used luxury automobiles, announces the formation of wholly-owned subsidiary Auto Network USA - New Mexico. ... Continue reading

CART Fed Ex Championship Series Driver Point Standings

CART Fed Ex Championship Series Driver Point Standings

CART Fed Ex Championship Series Driver Point Standings (as of May 13, 1998) ... Continue reading

Chief Auto Parts Announces Q1 1998 Results

Chief Auto Parts Announces Q1 1998 Results

Chief Auto Parts Inc., auto parts and accessories retail chain, announced its financial results for the first quarter ended March 29, 1998. ... Continue reading

Conseco/A.J. Foyt Racing and Billy Boat Practice Notes, Wednesday, May 13

Conseco/A.J. Foyt Racing and Billy Boat Practice Notes, Wednesday, May 13

Daily Wrap Up, for A.J. Fory Conseco Racing at Indy 500 ... Continue reading

EPA Urged to Hold More Hearings on Car and Truck Pollution

EPA Urged to Hold More Hearings on Car and Truck Pollution

Nine environmental, health and public interest organizations urged the Environmental Protection Agency (EPA) to hold more public hearings on the health impact of pollution from cars and trucks and the technology available to clean it up. ... Continue reading

FANUC Robotics Opens New Facility in Mexico

FANUC Robotics Opens New Facility in Mexico

FANUC Robotics North America, Inc. has expanded its operations in Mexico with the addition of second facility in the city of Aguascalientes. The new plant will be FANUC's eleventh facility in the North America/Latin America region. ... Continue reading

Federal-Mogul Named Federated Auto Parts Vendor of the Year

Federal-Mogul Named Federated Auto Parts Vendor of the Year

Federal-Mogul Corporation has been awarded Vendor of the Year and Honorable Mention from Federated Auto Parts. ... Continue reading

Federal-Mogul Plant in Indiana Win Saturn Quality Award

Federal-Mogul Plant in Indiana Win Saturn Quality Award

Federal-Mogul Corporation's Frankfort, Indiana manufacturing facility has earned Saturn's Quality Recognition Award. ... Continue reading

Federal-Mogul Plant in Michigan Wins Saturn Quality Award

Federal-Mogul Plant in Michigan Wins Saturn Quality Award

Federal-Mogul Corporation's St. Johns, Michigan manufacturing facility has earned Saturn's Quality Recognition Award. ... Continue reading

Ford Kentucky Truck to Open Metal Stamping Plant

Ford Kentucky Truck to Open Metal Stamping Plant

The Ford Kentucky Truck Plant will soon produce many of its own body stampings and supply other Ford assembly plants with parts. ... Continue reading

Ford Natural Gas Econolines Deliver Papers

Ford Natural Gas Econolines Deliver Papers

Salt Lake City Tribune has recently taken delivery of 24 Ford natural gas Econoline vans to replace part of its gasoline-powered fleet. ... Continue reading

Ford Natural Gas Vans Take on the Competition

Ford Natural Gas Vans Take on the Competition

SuperShuttle Phoenix adds 15 natural gas-powered Ford Econoline vans to Phoenix International airport fleet. ... Continue reading

Formula One Drving Championship Standings

Formula One Drving Championship Standings

Formula One Drving Championship Standings (as of May 13, 1998)<P> ... Continue reading

General Bearing Begins Shipments to Ford

General Bearing Begins Shipments to Ford

General Bearing Corporation announced that it began shipping product to Ford Motor Company. The company signed a two-year, $14 million agreement to supply Ford with certain ball bearings in February 1998. ... Continue reading

Group 1 Automotive Acquires Five Dealerships

Group 1 Automotive Acquires Five Dealerships

Dealer consolidator Group 1 Automotive, Inc. announced completion of the previously announced acquisitions of five dealerships, with revenues of approximately $230 million and retail unit sales of over 9,500 cars and trucks. ... Continue reading

Honda Forecasts Production Increases for Suppliers

Honda Forecasts Production Increases for Suppliers

Honda challenged its North American supplier team to prepare for more new models and increased production at its annual Supplier Conference. Honda also gave 70 suppliers 89 top awards. ... Continue reading

i2 Technologies Establishes Business Unit For The Automotive & Industrial Markets

i2 Technologies Establishes Business Unit For The Automotive & Industrial Markets

i2 Technologies, Inc. the leading provider of supply chain optimization and decision support solutions, has announced that it has formed an Automotive and Industrial business unit. ... Continue reading

i2 Technologies Establishes Business Units For Vertical Supply Chain Markets

i2 Technologies Establishes Business Units For Vertical Supply Chain Markets

i2 Technologies, Inc., the leading provider of supply chain optimization and decision support solutions, has announced the formation of industry business units for Automotive & Industrial, Consumer Packaged Goods (CPG), and High Technology & Electronics. ... Continue reading

Indy 500: Boat Sails at Indy with Top Speed in Practice

Indy 500: Boat Sails at Indy with Top Speed in Practice

Pep Boys Indy Racing League Indy 500 Daily wrap up, May 13, 1998. ... Continue reading

Indy 500: Drinan's Crash Debris Causes Problems for J.J. Yeley

Indy 500: Drinan's Crash Debris Causes Problems for J.J. Yeley

Pep Boys Indy Racing League 1998 Indy 500 practice story. ... Continue reading

Indy 500: The Race for the Pep Boys Million

Indy 500: The Race for the Pep Boys Million

New award program announced for the Pep Boys Indy Racing League ... Continue reading

Japan's Car Market Drops 20 Percent In First Quarter

Japan's Car Market Drops 20 Percent In First Quarter

Passenger car sales in Japan plunged 20 percent in the first quarter of 1998 compared with the first quarter last year, according to the Japan Automobile Manufacturers Association (JAMA). ... Continue reading

J.D. Power Debuts New Quality Study

J.D. Power Debuts New Quality Study

J.D. Power and Associates has decided to bring out the first all-new version of the firm's initial quality study since its inception in 1987. ... Continue reading

Lambda Car Club Hosts Car Show

Lambda Car Club Hosts Car Show

The Lambda Car Club announces its Annual Invitational Car Show (at New Hope Motel in the Woods, New Hope, PA, May l6), featuring Chrysler Corp. production designs and a 1935 Chrysler Airflow Sedan at center stage. ... Continue reading

LDM Technologies Announces Q2 Earnings

LDM Technologies Announces Q2 Earnings

LDM Technologies, Inc. reports net sales for its second quarter ended March 29, 1998 (second quarter 1998) were $125.9 million, an increase of $45.3 million, or 56.2%, from the second quarter of FY 1997. ... Continue reading

Louis Harris Poll Reaffirms Public Support for Red Light Cameras

Louis Harris Poll Reaffirms Public Support for Red Light Cameras

Americans are fed up with motorists who run red lights and want states to take tougher action to catch red light runners according to a recent Louis Harris public opinion poll. ... Continue reading

Lucas Body Systems Appoints Peter Drummond Vice President & General Manager, Sales And Marketing

Lucas Body Systems Appoints Peter Drummond Vice President & General Manager, Sales And Marketing

Lucas Body Systems, a business of LucasVarity's Electrical and Electronic Systems Division, has named Peter Drummond, vice president and general manager, Sales and Marketing, Lucas Body Systems. ... Continue reading

Marmaduke Re-Elected to Cross-Continent Board

Marmaduke Re-Elected to Cross-Continent Board

Cross-Continent Auto Retailers, Inc. the nation's first publicly-traded franchised automobile dealership group, announced today that an incumbent director, John H. Marmaduke, was elected to its Board of Directors. ... Continue reading

Michelin's ZP Tire Launch Lands Distinguished Award

Michelin's ZP Tire Launch Lands Distinguished Award

Michelin North America won Inside PR magazine's celebrated Creativity in Public Relations Award (CIPRA) for the 1997 launch of the Michelin MXV4 ZP tire. ... Continue reading

NASCAR Busch Grand National Driver Standings

NASCAR Busch Grand National Driver Standings

NASCAR Busch Grand National Driver Standings (as of May 13, 1998) ... Continue reading

NASCAR Craftsman Trucks Driver Standings

NASCAR Craftsman Trucks Driver Standings

NASCAR Craftsman Trucks Driver Standings (as of May 13, 1998) ... Continue reading

NASCAR Winston Cup Driver Standings

NASCAR Winston Cup Driver Standings

NASCAR Winston Cup Driver Standings (as of May 13, 1998) ... Continue reading

NHRA Driver Point Standings

NHRA Driver Point Standings

NHRA Driver Point Standings (as of May 13, 1998)<P> ... Continue reading

Ohio State Looks to Continue Success Record at IRP

Ohio State Looks to Continue Success Record at IRP

Indy Electric Classic cars race at Indianapolis Raceway Park. Ohio State looks to continue their successfull record. ... Continue reading

Oldsmobile Races for Second Indy 500 Win With Proven Reliability

Oldsmobile Races for Second Indy 500 Win With Proven Reliability

Pep Boys Indy Racing League story about how the Oldsmobile Aurora Engine is dominating the series. ... Continue reading

Pep Boys Indy Racing League Driver Standings

Pep Boys Indy Racing League Driver Standings

Pep Boys Indy Racing League Driver Standings (As of May 13, 1998) ... Continue reading

Progressive Announces Insurance Rate Decrease

Progressive Announces Insurance Rate Decrease

Progressive, Texas' fourth largest auto insurer, reduced its rates for the seventh time in 26 months. ... Continue reading

Rachel's Gourmet Potato Chips to Sponsor Team Cheever in IRL

Rachel's Gourmet Potato Chips to Sponsor Team Cheever in IRL

RLD Enterprises, Inc. announced a national marketing campaign for Rachel's Gourmet Potato Chips, starting with sponsoring Team Cheever for the the 1998 Indianapolis 500 race and for the current IRL season and beyond. ... Continue reading

Smart Choice Automotive Group Announces Equity Investment

Smart Choice Automotive Group Announces Equity Investment

Dealer consolidator Smart Choice Automotive Group, Inc. announced that it has raised $2.2 million in additional equity capital via the sale of convertible preferred stock to a group of investors. ... Continue reading

Smith Company Motor Cars Hosts Special Event

Smith Company Motor Cars Hosts Special Event

Smith Company Motor Cars/VOLVO, South Charleston, WV announced a special celebration for the public on May 15-16. In recognition of the Certified Retailer award by J.D. Power & Associates, VOLVO is offering an unprecedented sale and will have extended hours. ... Continue reading

S&P Affirms Daimler Ratings

S&P Affirms Daimler Ratings

Standard & Poor's affirmed its single-'A'-plus corporate credit and senior unsecured ratings of Daimler-Benz AG and related entities and affirmed its 'A-1' commercial paper rating. Outlook is stable. ... Continue reading

S&PWatch Rated Positive for Chief Auto Parts after Buy-Out Deal

S&PWatch Rated Positive for Chief Auto Parts after Buy-Out Deal

Following AutoZone's agreement to acquire Chief Auto Parts Inc, Standard & Poor's placed its single-'B' senior unsecured debt rating and its single-'B'-plus corporate credit rating on Chief on CreditWatch with positive implications. ... Continue reading

Tenneco Announces Appointment of Strom as Vice President-Quality

Tenneco Announces Appointment of Strom as Vice President-Quality

Tenneco today announced the appointment of Stephen H. Strom as Tenneco's vice president-quality. ... Continue reading

The Callahan Report: Billy Boat Tops the Speed Charts at Indy

The Callahan Report: Billy Boat Tops the Speed Charts at Indy

Daily Wrap Up, day four of practice for the Pep Boys IRL Indy 500, 1998 ... Continue reading

The Callahan Report: Pep Boys IRL Provides Hope for Grass-Roots Racers

The Callahan Report: Pep Boys IRL Provides Hope for Grass-Roots Racers

Pep Boys Indy Racing League opens doors to small track racers. ... Continue reading

United Technologies Appoints Tesfaye Aklilu Vice President, Quality

United Technologies Appoints Tesfaye Aklilu Vice President, Quality

Tesfaye Aklilu has been appointed vice president, quality, at United Technologies Corp., reporting to George David, chairman and chief executive officer. ... Continue reading

Westar Financial Redeems Preferred Shares Early

Westar Financial Redeems Preferred Shares Early

Prime-credit auto lessor Westar Financial Services Incorporated announced that preferred shareholders accepted the company's offer to redeem their shares of its Series 1, Series 2 and Series 3 Preferred at face value and ahead of schedule. ... Continue reading

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