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June 1998

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Tuesday, June 23, 1998

ADVISORY/Integrating PDM with ERP is Focus of Kalthoff 98 Show

ADVISORY/Integrating PDM with ERP is Focus of Kalthoff 98 Show

Kalthoff International, celebrating a decade of producing the leading conferences for engineering document management and product data management technologies, announced that the Kalthoff Fall 98 EDM/PDM conference. ... Continue reading

ARA Racefacts Bulletin: Road Atlanta Special Edition

ARA Racefacts Bulletin: Road Atlanta Special Edition

The fourth round of the 1998 PSCR WSC/GT series at Road Atlanta produced another PSCR WSC win for Butch Leitzinger and James Weaver over Dorsey Schroeder and Elliott Forbes-Robinson. ... Continue reading

AutoCorp Buys Six Dealerships

AutoCorp Buys Six Dealerships

AutoCorp Equities, Inc. (OTC Bulletin Board: ACOR) announced today the acquisition of six automobile dealerships in Oklahoma, Texas and Arizona. ... Continue reading

Auto-Owners Life Insurance Assigned `A' pi Rtg by S&P

Auto-Owners Life Insurance Assigned `A' pi Rtg by S&P

Standard & Poor's today assigned its single-`A' pi insurer financial strength rating to Auto-Owners Life Insurance Co. The company is licensed in 27 states. The major line of business for Auto-Owners Life Insurance,is ordinary individual annuities. ... Continue reading

BenchMark 2000 Launches 1998 Indirect Lending BenchMark Programs

BenchMark 2000 Launches 1998 Indirect Lending BenchMark Programs

BenchMark 2000, a leading provider of benchmark programs and consulting services for banks and financial services organizations, announced the beginning of its 1998 Indirect Lending BenchMark program. ... Continue reading

Board of Directors Authorizes Stock Repurchase Program

Board of Directors Authorizes Stock Repurchase Program

The Standard Products Company announced that its Board of Directors has authorized the repurchase of up to 5 percent of the Company's outstanding common shares over the next three years. ... Continue reading

CarMax Educates Consumers on Buying/Maintaining Their Cars

CarMax Educates Consumers on Buying/Maintaining Their Cars

CarMax(R), the pioneer of the used-car superstore concept, will extend its "stress-free" car-buying experience to another Chicago suburb with the grand opening of its Schaumburg superstore June 29. ... Continue reading

Daimler-Benz, Siemens Sign With Orbital

Daimler-Benz, Siemens Sign With Orbital

Due to the numerous inquiries following Friday's joint announcement with Daimler-Benz and Siemens, Orbital would like to provide the following information. ... Continue reading

Dana Breaks Ground for Engineering and Technology Center

Dana Breaks Ground for Engineering and Technology Center

In a ceremony attended by Michigan Gov. John Engler, Dana Corporation broke ground for its new Spicer Heavy Axle and Brake headquarters and engineering and technology center near Kalamazoo, Mich. ... Continue reading

Delphi Automotive Proceeding With ASEC Acquisition

Delphi Automotive Proceeding With ASEC Acquisition

Delphi Automotive Systems announced it has signed an agreement with AlliedSignal Inc. to acquire full ownership of ASEC, a joint venture with AlliedSignal for the manufacture of automotive catalysts. ... Continue reading

Detroit Diesel Corporation Announces New Appointment

Detroit Diesel Corporation Announces New Appointment

Detroit Diesel Corp. announced effective immediately, Osvaldo Marchante is appointed Chairman and CEO for Florida Detroit Diesel-Allison, Inc., the Detroit Diesel and Allison Transmission distributor for Florida. ... Continue reading

EcoTyre Files Non-Recourse International Receivable Financing

EcoTyre Files Non-Recourse International Receivable Financing

CEO Vito Alongi announced that "The Company filed an application with The Globus Group of Miami, Florida to provide non-recourse international receivable financing up to $10MM per month under certain terms and conditions." ... Continue reading

Expansion of Luxury Segment Creating Opportunities

Expansion of Luxury Segment Creating Opportunities

According to the J.D. Power and Ass. the expansion in the luxury segment to include convertibles, roadsters, hybrids and SUV's in addition to traditional sedans and coupes, is creating more variety for luxury vehicle buyers to choose from. ... Continue reading

Gleason Files Suit For Patent Infringement

Gleason Files Suit For Patent Infringement

The Gleason Works, a subsidiary of Gleason Corp., said it has filed suit against Klingelnberg-Oerlikon Geartec Vertriebs-GmbH of Huckeswagen, Germany, Oerlikon Geartec AG of Switzerland, and Liebherr-America, Inc. of Virginia for patent infringement. ... Continue reading

Group 1 Automotive Expands Credit Facility

Group 1 Automotive Expands Credit Facility

Group 1 Automotive, Inc., a leading operator and consolidator in the automotive retailing industry, announced that it has closed its syndicated credit facility. ... Continue reading

InsWeb on Auto Trader Online Helps Car Shoppers Find Insurance

InsWeb on Auto Trader Online Helps Car Shoppers Find Insurance

InsWeb, the Internet's leading insurance marketplace, announced an agreement today enabling online consumers to comparison shop and select policies at Auto Trader Online, the world's largest database of used cars. ... Continue reading

IPSCO Inc. Announces Withdrawal of Proposed Common Share Offering

IPSCO Inc. Announces Withdrawal of Proposed Common Share Offering

IPSCO Inc. announced today that it had withdrawn its proposed 5,000,000 common share offering in the United States and Canada. ... Continue reading

IPSCO Inc. Announces Withdrawal of Proposed Common Share Offering

IPSCO Inc. Announces Withdrawal of Proposed Common Share Offering

IPSCO Inc. announced that it had withdrawn its proposed 5,000,000 common share offering in the United States and Canada. ... Continue reading

JPE, Inc. Bank Credit Facility

JPE, Inc. Bank Credit Facility

JPE, Inc. announced that it is in the process of negotiating with its U.S. bank group the terms of a waiver of the requirement that the Company reduce its borrowings under its U.S. credit facility to not more than $70 mill by June 30, 1998. ... Continue reading

NASCAR BGN: McLaughlin Set for Busy Homecoming in Watkins Glen

NASCAR BGN: McLaughlin Set for Busy Homecoming in Watkins Glen

NASCAR BGN: McLaughlin Set for Busy Homecoming in Watkins Glen ... Continue reading

NASCAR: Daytona: Racing Into the 21st Century

NASCAR: Daytona: Racing Into the 21st Century

NASCAR: Daytona: Racing Into the 21st Century ... Continue reading

NASCAR GDS: Huffman Three-Peats in Tennessee

NASCAR GDS: Huffman Three-Peats in Tennessee

NASCAR GDS: Huffman Three-Peats in Tennessee ... Continue reading

NHTSA Proposal to Ensure Participation in Vehicle Safety

NHTSA Proposal to Ensure Participation in Vehicle Safety

The National Highway Traffic Safety Administration laid out its plan to ensure effective public participation at the earliest stage in the consideration of global motor vehicle safety regulations. ... Continue reading

NHTSA Publishes December Recalls

NHTSA Publishes December Recalls

The National Highway Traffic Safety Admin. released a list of auto safety recalls announced in December and urged consumers to have the problems fixed promptly. The list identifies the make and model of the vehicle or equipment involved. ... Continue reading

NHTSA Publishes May Recalls

NHTSA Publishes May Recalls

The National Highway Traffic Safety Administration released a list of auto safety recalls announced in May and urged consumers to have the problems fixed promptly. The list identifies the make and model of the vehicle or equipment involved. ... Continue reading

Onyx Issues $208,759,315 in Asset Backed Securities

Onyx Issues $208,759,315 in Asset Backed Securities

Onyx Acceptance Corp., a specialized automobile finance company, announced the successful completion of a $208,759,315 automobile receivables asset-backed securitization. ... Continue reading

Pep Boys Indy Racing League Weekly Notebook

Pep Boys Indy Racing League Weekly Notebook

Pep Boys Indy Racing League Weekly Notebook ... Continue reading

Plymouth Rubber Company, Inc. Elects Director

Plymouth Rubber Company, Inc. Elects Director

Plymouth Rubber Company, Inc. announced that Edward H. Pendergast has been elected to its Board of Directors. Mr. Pendergast has extensive experience in a variety of executive positions, and has held a number of business directorships. ... Continue reading

REPEAT/Capstone Turbine Corp Appoints Dr. Ake Almgren

REPEAT/Capstone Turbine Corp Appoints Dr. Ake Almgren

In a move that positions the company for aggressive entry into the power generation market, Capstone Turbine Corp. Announced the appointment of Dr. Ake Almgren as president and chief executive officer. ... Continue reading

Shopping For a Used Car

Shopping For a Used Car

Retailers in today's used car market boast about hassle-free pricing. Hertz, a 20-year veteran in the retail car sales industry and the innovator of no-haggle pricing, offers six foolproof tips to aid the potential used-car buyer. ... Continue reading

Standard Products Declares Regular Quarterly Dividend

Standard Products Declares Regular Quarterly Dividend

Directors of The Standard Products Co. today declared a regular quarterly dividend of $.17 per share, payable July 24, 1998 to shareholders of record July 10, 1998. ... Continue reading

Subaru Announces Pricing on 1999 Legacy Models

Subaru Announces Pricing on 1999 Legacy Models

Subaru of America, Inc. announced the Manufacturer's Suggested Retail Price (MSRP) on the 1999 Legacy model line-up including the Outback, Sport Utility Sedan and special 30th Anniversary models. ... Continue reading

Summer Heat Hard on Cars and Drivers, Reports AAA Michigan

Summer Heat Hard on Cars and Drivers, Reports AAA Michigan

With outdoor temperatures soaring, AAA Michigan reports a surge in Emergency Road Service call volumes statewide. More than 3,700 motorists were assisted on June 22 with heat-related problems. Normal call volumes average between 1,500 and 2,000. ... Continue reading

The Auxer Group, Inc. Announces the Sale of Auxer UK, Ltd.

The Auxer Group, Inc. Announces the Sale of Auxer UK, Ltd.

The Auxer Group, Inc. announced that the company has sold Auxer UK, Ltd., the group's wholly owned software subsidiary based in the UK. While details of the sale have not been released, terms of the agreement provide for Auxer to recoup its investment. ... Continue reading

Thermatrix and Lucas Diesel Systems Complete Joint Development Efforts

Thermatrix and Lucas Diesel Systems Complete Joint Development Efforts

Thermatrix Inc. announced today the completion of the joint development project announced in November 1997 between Thermatrix Inc. and Lucas Diesel Systems, a division of LucasVarity plc. ... Continue reading

Turbodyne Expects Formal Russian Purchase order for $30.6M

Turbodyne Expects Formal Russian Purchase order for $30.6M

Turbodyne Technologies Inc. announced it has received the official Export-Import Bank of the United States ``Letter of Interest,'' dated 7/18/98, for funding of an expected purchase order of $30,675,000.00 from Trans Business Group of Moscow. ... Continue reading

USAC: Stoops Freightliner Sprint Car Series

USAC: Stoops Freightliner Sprint Car Series

USAC: Stoops Freightliner Sprint Car Series ... Continue reading

USAC: Weekly Midget Racing Review

USAC: Weekly Midget Racing Review

USAC: Weekly Midget Racing Review ... Continue reading

USAC: Western States Weekly Sprint and Midget Review

USAC: Western States Weekly Sprint and Midget Review

USAC: Western States Weekly Midget Review ... Continue reading

Wescast Announces New President and Chief Executive Officer

Wescast Announces New President and Chief Executive Officer

Richard W. LeVan, Chairman and CEO of Wescast Industries Inc. is pleased to announce Raymond T. Finnie has accepted the position of President and Chief Executive Officer of the Company. His start date will be confirmed this week. ... Continue reading

Woodward Governor Company Completes Acquisition

Woodward Governor Company Completes Acquisition

Woodward Governor Company today announced the completion of its previously announced acquisition of the Fuel Systems subsidiary of Textron Inc. . ... Continue reading

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