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June 1998

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Wednesday, June 17, 1998

AMETEK, Inc. Announces Consent Achievement Date

AMETEK, Inc. Announces Consent Achievement Date

AMETEK, Inc. announced that as of June 16, 1998, it had received consents and tenders from registered holders representing more than 87% of the $150 million outstanding principal amount of the Company's 9-3/4% Senior Notes due 2004. ... Continue reading

AUTO-TECH 98 Will Take a Journey Into the Next Millennium

AUTO-TECH 98 Will Take a Journey Into the Next Millennium

At the Automotive Industry Action Group's eleventh annual AUTO- TECH 98 Conference and Expo at Detroit's Cobo Center, attendees will share innovative ideas and solutions to the challenges that face the auto industry with the arrival of a new millennium. ... Continue reading

Budget Group Increases Purchase Price

Budget Group Increases Purchase Price

Budget Group, Inc. has increased the purchase price to be paid pursuant to its cash tender offer and solicitation of consents relating to the outstanding 10% Senior Subordinated Notes Due 2006 of Ryder TRS, Inc., dated June 5, 1998. ... Continue reading

CART: Driver Standings Through June 17

CART: Driver Standings Through June 17

CART: Driver Standings Through June 17 ... Continue reading

Chrysler to Begin Electric Minivan Production in Fall

Chrysler to Begin Electric Minivan Production in Fall

Chrysler Corp. announced that production of the world's only electric minivan will begin in October at the company's Windsor Assembly Plant in Ontario, Canada. EPIC, an electric version of the 1999 Dodge Caravan and Plymouth Voyager, will be made available to fleet owners in California or New York. ... Continue reading

D'Arcy Masius Benton & Bowles/Detroit Announces Two Key Changes

D'Arcy Masius Benton & Bowles/Detroit Announces Two Key Changes

D'Arcy Masius Benton & Bowles/Detroit office has announced two key changes involving senior level account managers. ... Continue reading

Federal-Mogul and Daido Metal Announce Two Joint Ventures

Federal-Mogul and Daido Metal Announce Two Joint Ventures

Federal-Mogul Corporation and Daido Metal Co. Ltd. of Japan, today announced an agreement to form a joint venture for the manufacture and sale of plain bearings for non-automotive diesel engines. ... Continue reading

Federal-Mogul Announces Completion of Fair Market Appraisals

Federal-Mogul Announces Completion of Fair Market Appraisals

Federal-Mogul Corp., announced that fair market appraisals of the company's recent acquisitions have been completed. Based on the appraisals, the economic lives of the fixed assets acquired in the acquisitions are longer than previous expectations. ... Continue reading

Federal Mogul Corp.'s $1 Billion Senior Debt Expected to be Rated 'BBB-'

Federal Mogul Corp.'s $1 Billion Senior Debt Expected to be Rated 'BBB-'

Federal Mogul Corp.'s $1 billion global senior debt issue is expected to be rated 'BBB-' by Fitch IBCA. This offering is being made under the company's outstanding universal shelf registration, under which $800 million will remain available after this offering. ... Continue reading

Formula One: Driver Standings Through June 17

Formula One: Driver Standings Through June 17

Formula One: Driver Standings Through June 17 ... Continue reading

Intermet Announces Sale of a Subsidiary and Ends a Joint Venture

Intermet Announces Sale of a Subsidiary and Ends a Joint Venture

Intermet Corporation announced the sale of its Industrial Powder Coatings, Inc. (IPC) subsidiary to Industrial Powder Coatings Acquisition Corp., a group of investors led by M.G. Capital, L.L.C. of Chicago, Illinois. ... Continue reading

IRL: Ace Mechanic Snyder Forms Powerful Combination with Cheever

IRL: Ace Mechanic Snyder Forms Powerful Combination with Cheever

IRL: Ace Mechanic Snyder Forms Powerful Combination with Cheever ... Continue reading

IRL: Pep Boys Driver Standings Through June 17

IRL: Pep Boys Driver Standings Through June 17

Formula One: Driver Standings Through June 17 ... Continue reading

Jiffy Lube and Fisher-Price(R) Gear Up for July 4th Holiday With Campaign

Jiffy Lube and Fisher-Price(R) Gear Up for July 4th Holiday With Campaign

To help prevent senseless deaths of children, Jiffy Lube and Fisher-Price are teaming up to educate pregnant mothers and families on the importance of proper child car seat installation and how the simplest precautionary measures can save lives. ... Continue reading

Legendary Rubicon Trail Recreated at Chelsea Proving Grounds

Legendary Rubicon Trail Recreated at Chelsea Proving Grounds

A portion of the Sierra Nevada mountain range known as the famed Rubicon Trail was recreated at Chrysler Corporation's Chelsea Proving Grounds in Michigan to test the legendary off-road capability of Jeep(R) vehicles. ... Continue reading

Magna Interior Systems Honors Industrial Design Students

Magna Interior Systems Honors Industrial Design Students

Magna Interior Systems has honored five talented Center for Creative Studies (CCS) industrial design students with academic scholarships for their outstanding luxury car interior designs. ... Continue reading

MotorVac Announces New Distribution Agreements

MotorVac Announces New Distribution Agreements

MotorVac Technologies, Inc. announced distribution agreements that will increase its growth into the diesel engine service market with its Industrial Diesel Tune (IDT) system of machines and proprietary cleaning detergents ... Continue reading

NASCAR: BGN Driver Standings Through June 17

NASCAR: BGN Driver Standings Through June 17

NASCAR: BGN Driver Standings Through June 17 ... Continue reading

NASCAR: Craftsman Trucks Driver Standings Through June 17

NASCAR: Craftsman Trucks Driver Standings Through June 17

NASCAR: Craftsman Trucks Driver Standings Through June 17 ... Continue reading

NASCAR: Kite Flying in New Direction

NASCAR: Kite Flying in New Direction

NASCAR: Kite Flying in New Direction ... Continue reading

NASCAR: Martin Gunning for Victory Under the Lights at Daytona

NASCAR: Martin Gunning for Victory Under the Lights at Daytona

NASCAR: Martin Gunning for Victory Under the Lights at Daytona ... Continue reading

NASCAR: The Pepsi 400 Marks the Season's Halfway Point

NASCAR: The Pepsi 400 Marks the Season's Halfway Point

NASCAR: The Pepsi 400 Marks the Season's Halfway Point ... Continue reading

NASCAR: Winston Cup Driver Standings Through June 17

NASCAR: Winston Cup Driver Standings Through June 17

NASCAR: Winston Cup Driver Standings Through June 17 ... Continue reading

NHRA: Driver Standings Through June 17

NHRA: Driver Standings Through June 17

NHRA: Driver Standings Through June 17 ... Continue reading

Pro Air Chrysler, GM Agreements Signed

Pro Air Chrysler, GM Agreements Signed

Pro Air announced it has finalized agreements with both Chrysler Corp. and General Motors to provide air travel service to employees of the two companies. With the agreements, Pro Air becomes a preferred airline of Chrysler and GM. ... Continue reading

Standard & Poor's Affirms Ratings on Hertz Corp.

Standard & Poor's Affirms Ratings on Hertz Corp.

Standard & Poor's today affirmed its ratings on Hertz Corp (see list below). The outlook is revised to developing from negative. ... Continue reading

'Summit' of Auto Industry CEOs Brings Policy Priorities to Town

'Summit' of Auto Industry CEOs Brings Policy Priorities to Town

Senior officials of the largest U.S. automaker and supplier companies gathered here today to further strengthen lines of communication with Washington and continue building greater understanding between the auto industry and the government. ... Continue reading

Toyota Certified Used Vehicle Sales Record Best-Ever Month in May

Toyota Certified Used Vehicle Sales Record Best-Ever Month in May

May was the best month ever for sales of Toyota Certified Used Vehicles. The company reported that its participating dealers sold a record 8,538 certified used cars and trucks during the month, breaking the previous record set in July 1997. ... Continue reading

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