Monday, June 22, 1998

Aftermarket Distributors With the Shortest Lead Times Are the Winners

According to research conducted by Frost & Sullivan, aftermarket growth is due in part to rising sales of light trucks and passenger cars, the growing average age of vehicles, and the increasing price of new vehicles. ... Continue reading

AlliedSignal Completes Purchase of Pharmaceutical Fine Chemicals S.A.

AlliedSignal Inc. said that it has completed its acquisition of Pharmaceutical Fine Chemicals S.A. of Lugano, Switzerland, from an investor groupled by Donaldson, Lufkin & Jenrette's Merchant Banking Group. Terms of the agreement were not announced. ... Continue reading

ALLSTAR Sprints: K-C Raceway Race Results

ALLSTAR Sprints: K-C Raceway Race Results ... Continue reading

AMA: MBNA Superbike Sunday - Loudon

AMA: MBNA Superbike Sunday - Loudon ... Continue reading

Automotive Aftermarket Players Switch to Competitive Intelligence Strategies

With the various segments in a state of flux, it is important to know what consumers want and need's. Therefore, companies throughout the world are now installing business intelligence systems to monitor trends relevant to their interests. ... Continue reading

AutoZone And Chief Announce Expiration Of Waiting Period

AutoZone, Inc., and Chief Auto Parts, Inc. announced that the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired with respect to the pending acquisition of Chief by AutoZone. ... Continue reading

Charles J. Speranzella, Jr. Elected to BREED Board

BREED Technologies, Inc., a global leader in automotive occupant safety systems, announced that the Board of Directors has elected Charles J. Speranzella, Jr. to President and Chief Operating Officer of the company, succeeding Fred Musone. ... Continue reading

Daimler-Benz North America Corp to Enter $4 Billion in Agreements

Daimler-Benz North America Corp announced that it has entered into syndicated credit agreements totaling $4 bil with a group of 34 intl. banks. The new credit agreements are comprised of a $3 billion 364-day facility and a $1 billion five-year facility. ... Continue reading

DEI Settles for $10 Million from Industry Competitor

Directed Electronics Inc. today received a $10 million payment from vehicle security competitor Code-Alarm Inc., settling all litigation between the two companies. ... Continue reading

Dept. of Consumer Affairs: Buyer Beware! Vehcle Passed a Smog Test?

Now that dynamometer testing has begun in the state's smoggiest regions, the Dept of Consumer Affairs/Bureau of Automotive Repair wants to remind people who purchase vehicles from private parties to make sure the seller gets a valid smog certificate for the vehicle before any money changes hands. ... Continue reading

EcoTyre to Launch Internet Division

EcoTyre Technologies Inc. announced that board of directors authorized the creation and operation of an Internet division which will implement an interactive web site to offer Internet consumers the opportunity to buy their tires at a discount. ... Continue reading

Ford Expands Natural Gas Vehicle Program Into Vancouver

Ford Motor Company is looking to Canada for new opportunities for natural gas vehicles (NGVs). Ford is adding Vancouver to its "Focus Market Development Program," now an eight-city program to expand the markets for NGVs. ... Continue reading

GM Strike Continues

General Motors and the United Auto Workers union continued their stalemate Sunday, failing to resolve differences with workers at two striking plants. There was no progress reported during the talks at either complex. ... Continue reading

Inside Motorsports

Inside Motorsports ... Continue reading

MANN+HUMMEL AUTOMOTIVE Drafts Veteran Detroit Journalist

MANN+HUMMEL AUTOMOTIVE has named veteran Detroit automotive journalist Jon Lowell as director of communications. Lowell joins MANN+HUMMEL from WXYZ-TV where he was auto editor as well as a commentator on WJR radio. ... Continue reading

MotorVac Technologies Expects Weak Second Quarter

MotorVac Technologies Inc. Friday announced that it anticipates its second quarter 1998 operating results will be lower than expected. ... Continue reading

NASCAR-WCUP: Darrell Waltrip Climbs Out of Another Hole

NASCAR-WCUP: Darrell Waltrip Climbs Out of Another Hole ... Continue reading

NHRA: Haas Looks Forward to Getting First Win at Home Track

NHRA: Haas Looks Forward to Getting First Win at Home Track ... Continue reading

NHRA: Sears Craftsman Nationals General Information

NHRA: Sears Craftsman Nationals General Information ... Continue reading

Orbital, Daimler-Benz and Siemens Sign Agreement

Daimler-Benz, Siemens and Orbital Engine Corporation signed an agreement directed towards the application of the Orbital direct fuel injection system on Mercedes engines. ... Continue reading

Roadway Express Board Authorizes Stock Repurchase

Roadway Express, Inc. announced that its Board of Directors has authorized the purchase from time to time of up to $20,000,000 of the Company's common stock. Such purchases may be made in the open market, through block trades or otherwise. ... Continue reading

Special Devices Announces the Signing of a Definitive Merger Agreement

Special Devices Inc., a Newhall-based company which designs and manufactures pyrotechnic devices for the automotive and aerospace industries, announced it has signed a Definitive Merger Agreement with an affiliate of J.F. Lehman & Company. ... Continue reading

SPX Corporation Acquires Tecnotest

SPX Corporation announced it has acquired Tecnotest S.r.l. for an undisclosed amount. SPX purchased an 89% interest in the company, headquartered in Parma, Italy, and has the option to purchase the remaining 11%. ... Continue reading

Teletrac Launches Interactive Web Site

Teletrac, Inc., a leading provider of vehicle location and fleet management services in metropolitan areas, has launched an improved, innovative new web site, www.teletrac-online.com. ... Continue reading

The Morgan Group, Inc. Announces Quarterly Dividend

The Board of Directors of The Morgan Group, Inc. declared a quarterly cash dividend of $.02 per share of Class A Common Stock and $.01 per share of Class B Common Stock. The dividend is payable on July 20, 1998 to shareholders of record on 7/8/98. ... Continue reading

Tower Automotive Builds Mammoth New Facility in Traverse City

Tower Automotive is opening a 210,000 square foot new production facility in Traverse City, Mich., in a consolidation of four existing smaller locations in the area. ... Continue reading

Transom Joins ASPECT Program to Improve Automotive Seat Evaluation Tools

Transom Tech., Inc. announced that it has been invited to join the Automotive Seat and Package Evaluation Comparison Tools program (ASPECT). ... Continue reading

Transportation Advisory Group Selects New Officers

Dr. Roop Jindal, a resident of Hayward, has been selected to chair the Metropolitan Transportation Commission's Minority Citizens Advisory Committee. Mr. Luis Arteaga, a resident of San Francisco, will serve as the committee's vice-chair. ... Continue reading

Unique Mobility Completes Construction

Unique Mobility, Inc., a worldwide developer and manufacturer of energy-efficient electric and hybrid-electric motor systems, today announced that it has completed the construction of a new 25,000 sq. ft. manufacturing facility in Frederick, Colorado. ... Continue reading

Unitrode to Revise Proxy Materials

Unitrode Corp, a manufacturer of analog/linear and mixed-signal integrated circuits, announced that the Company will issue a revised Notice of Meeting and Proxy Statement and Proxy Card within the next several weeks. ... Continue reading

UPS To Test Hybrid Electric Vehicle

UPS unveiled plans to test a Hybrid Electric Vehicle (HEV). Developed to increase fuel economy and decrease both harmful emissions and maintenance costs, the HEV fits the company's commitment to use innovative technology in its daily operations. ... Continue reading

WOO: Smith Wins LaSalle Feature After Swindell Crashes

WOO: Smith Wins LaSalle Feature After Swindell Crashes ... Continue reading

WOO: World of Outlaws Point Standings through June 20th

WOO: World of Outlaws Point Standings through June 20th ... Continue reading