The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

July 1998

Select Another Month

Thursday, July 2, 1998

AAA Texas Offers Advice to Help Motorists Weather the Heat

AAA Texas Offers Advice to Help Motorists Weather the Heat

As Texas broils under a summer heat wave and heads into the July 4th weekend, AAA Texas reminds motorists that special precautions are needed to help ensure safe driving when temperatures soar. ... Continue reading

AlliedSignal To Host Chinese Delegates

AlliedSignal To Host Chinese Delegates

At the request of the International Labor Office, AlliedSignal Inc. is hosting a delegation of Chinese government officials at its headquarters here for a presentation on chemical safety. ... Continue reading

AMA: Prostar Streetbike Shootout Gives Street Racers a Chance to Get Off the Streets

AMA: Prostar Streetbike Shootout Gives Street Racers a Chance to Get Off the Streets

AMA: Prostar Streetbike Shootout Gives Street Racers a Chance to Get Off the Streets ... Continue reading

A.O. Smith Completes Purchase of GE Compressor Motor Business

A.O. Smith Completes Purchase of GE Compressor Motor Business

A.O. Smith Corporation completed the acquisition of General Electric Company's domestic compressor motor business from the GE Industrial Controls Systems Division for $120 million. ... Continue reading

APCO Management Comfortable With Analysts' Consensus Estimate

APCO Management Comfortable With Analysts' Consensus Estimate

Automobile Protection Corporation announced that management is comfortable with the consensus estimate of $0.11 diluted earnings per share for the second quarter ended June 30, 1998. ... Continue reading

A. Schulman Reduces Production Manpower

A. Schulman Reduces Production Manpower

A. Schulman Inc. (The Nasdaq Stock Market:SHLM) announced that it is reducing production at its dispersion plant in Orange, Texas, by cutting back its seven-day-a-week operations to five days. ... Continue reading

Assessment of 1995 Auto Pact Difficult

Assessment of 1995 Auto Pact Difficult

While Japan's shrinking economy makes it difficult to assess the impact of the 1995 U.S.-Japan Auto Trade Agreement, the head of the American Automobile Manufacturers Association says "Japan has not done enough" to implement it. ... Continue reading

Austin-Healey Enthusiasts Rallying at Kah-Nee-Ta

Austin-Healey Enthusiasts Rallying at Kah-Nee-Ta

Nearly 100 classic British sports cars will be rallying at Kah-Nee-Ta Resort, July 13-17. Owners of Austin-Healeys, Austin- Healey Sprites and Jensen-Healeys from several US states and Canada are gathering for the annual West Coast Meet. ... Continue reading

Auto Club Offers Tipsy Tow Service on Fourth of July

Auto Club Offers Tipsy Tow Service on Fourth of July

To keep the holiday safer for all motorists, the Automobile Club of Southern California is offering Tipsy Tow, a community service that provides a free ride home for drinking drivers and their vehicles. ... Continue reading

BMW Reports Best First-Half in Its History

BMW Reports Best First-Half in Its History

BMW of North America, Inc. reported an all-time record for first-half sales, 66,869 vehicles compared to 62,401 for the same period a year ago, an increase of 7%. ... Continue reading

Brazilian Racing News: Sudam F-3

Brazilian Racing News: Sudam F-3

Leonardo Nienkotter, Duda Pamplona and Tom Stefani are now the Nestor Gabriel Furlan's strongest challengers in the South American F-3 Championship. ... Continue reading

Chrysler Announces Special Meeting of Shareholders

Chrysler Announces Special Meeting of Shareholders

Chrysler Corporation announced that a Special Meeting of Shareholders will be held on 9/18/98 in Wilmington, Delaware. The purpose of the Specialm Meeting is to consider and vote on Chrysler's proposed business combination with Daimler-Benz AG. ... Continue reading

Chrysler Corporation to Redeem Outstanding Shares

Chrysler Corporation to Redeem Outstanding Shares

Chrysler Corporation announced that it will redeem all of the outstanding Depositary Shares representing Chrysler Corp's Series A Convertible Preferred Stock. The redemption price will be $51.85 per Depositary Share, plus accrued interest. ... Continue reading

Chrysler International Reports June Sales

Chrysler International Reports June Sales

Chrysler Corporation announced that total international sales outside of North America were down 17 percent for the month of June, with 17,589 units sold compared to 21,177 units sold one year ago. ... Continue reading

Chrysler Reports U.S. and Canadian Assembly Plants Schedule

Chrysler Reports U.S. and Canadian Assembly Plants Schedule

Chrysler Corporation reports five of its nine U.S. assembly plants and one of its three Canadian assembly plants will operate the week of July 6, 1998. ... Continue reading

Fast Gas Technology Draws 1.5 Million Users

Fast Gas Technology Draws 1.5 Million Users

Mobil Corp. announced a major expansion of Mobil Speedpass, the program that allows customers to purchase gasoline without opening wallets or purses for credit cards or cash. ... Continue reading

Federal-Mogul Powertrain Systems Receives Award

Federal-Mogul Powertrain Systems Receives Award

Federal-Mogul Corp's Powertrain Systems facility in Wausau, Wisconsin has received the Copeland Hallmark Award for outstanding performance as a supplier from Copeland Corp, the largest producer of refrigeration compressors. ... Continue reading

Fourth of July Sparks Near-Record Travel for Californians

Fourth of July Sparks Near-Record Travel for Californians

Northern Californians are blasting off this weekend, making it the busiest Fourth of July holiday for travel in 11 years, AAA reported. ... Continue reading

G. Richard Thoman Elected to Chrysler Board of Directors

G. Richard Thoman Elected to Chrysler Board of Directors

G. Richard Thoman, President and Chief Operating Officer of Xerox Corporation, has been elected to the Board of Directors of Chrysler Corporation. ... Continue reading

Hyundai Motor America Announces Third Quarter Consumer Incentives

Hyundai Motor America Announces Third Quarter Consumer Incentives

Effective July 1, Hyundai Motor America announced incentive changes on 1997 and 1998 models. Incentives are in effect through September 30, 1998. ... Continue reading

Hyundai Reports June Sales

Hyundai Reports June Sales

Hyundai Motor America announced sales of 7,834 vehicles for the month of June. ... Continue reading

Infiniti Reports June Sales

Infiniti Reports June Sales

Infiniti, the luxury division of Nissan Motor Corporation U.S.A. (NMC), reported June sales of 4,518 units.(a) ... Continue reading

International Speedway Corp Announces Offering of Common Shares

International Speedway Corp Announces Offering of Common Shares

International Speedway Corporation, a leading promoter of motorsports activities, announced that its public offering of 4,000,000 shares of Class A Common Stock has been priced at $27 per share and declared effective. ... Continue reading

International Speedway Corp Reports Record Results

International Speedway Corp Reports Record Results

International Speedway Corporation reported record results for the second quarter and six months ended May 31, 1998. ... Continue reading

Kia Signs Lease to Relocate, and Expand

Kia Signs Lease to Relocate, and Expand

The Irvine Company announced that Kia Motors America has signed a five-year lease to relocate and expand its U.S. headquarters to Irvine Spectrum. ... Continue reading

Land Rover Reports June Sales

Land Rover Reports June Sales

Land Rover North America, Inc. reported June sales of 2,487, marking the best month to date in 1998. ... Continue reading

Lear to Expand Production in Russia

Lear to Expand Production in Russia

Officials of Lear Corporation and Nizhegorod Motors, the joint venture between Fiat and Gaz, signed an agreement which will lead Lear to increase production of seats and other interior components in Russia to support Fiat production in this country. ... Continue reading

Meritor Expected to Appeal Verdict

Meritor Expected to Appeal Verdict

Meritor Automotive, Inc. announced that it expects to appeal the civil jury verdict on the validity and infringement phase of a patent infringement lawsuit in Wilmington, Del., awarding $1.25 million in compensatory damages against the company. ... Continue reading

Midgets: NAMARS Winchester Race Loaded with Stars

Midgets: NAMARS Winchester Race Loaded with Stars

Midgets: NAMARS Winchester Race Loaded with Stars ... Continue reading

Mitsubishi Motors Posts 46 Percent Gain in Monthly Sales

Mitsubishi Motors Posts 46 Percent Gain in Monthly Sales

For the second month in a row, Mitsubishi Motor Sales of America, Inc. has posted sales in the 20,000 unit range and announced a 46 percent increase in total vehicle sales for June, versus June of 1997. ... Continue reading

Mitsubishi's Young Entrepreneurs Program Honors Its First Graduates

Mitsubishi's Young Entrepreneurs Program Honors Its First Graduates

Mitsubishi Motors, the UNCF, and Clark Atlanta University celebrated the first graduates of the Mitsubishi Motors Young Entrepreneurs Program during a banquet honoring the 20 minority students who completed the first phase of the program. ... Continue reading

NAMARS Sponsors Line Up for Kalamazoo Race

NAMARS Sponsors Line Up for Kalamazoo Race

NAMARS Sponsors Line Up for Kalamazoo Race ... Continue reading

NASCAR BGN: McLaughlin Heads to Milwaukee Mile with a Smile

NASCAR BGN: McLaughlin Heads to Milwaukee Mile with a Smile

NASCAR BGN: McLaughlin Heads to Milwaukee Mile with a Smile ... Continue reading

NASCAR BGN: Stewart Likes Chances for Victory at Milwaukee Mile

NASCAR BGN: Stewart Likes Chances for Victory at Milwaukee Mile

NASCAR BGN: Shell Team Likes Chances for Victory at Milwaukee Mile ... Continue reading

NASCAR: Steve Park To Return at Brickyard

NASCAR: Steve Park To Return at Brickyard

NASCAR: Steve Park To Return at Brickyard ... Continue reading

NASCAR Trucks: Miller Returns to Familiar Territory at Milwaukee Mile

NASCAR Trucks: Miller Returns to Familiar Territory at Milwaukee Mile

NASCAR Trucks: Miller Returns to Familiar Territory at Milwaukee Mile ... Continue reading

NASCAR Trucks: Norick and NHL Team Just Need a Little Luck

NASCAR Trucks: Norick and NHL Team Just Need a Little Luck

NASCAR Trucks: Norick and NHL Team Just Need a Little Luck ... Continue reading

NASCAR: Waltrip Scoring Points In DEI'S Pennzoil Monte Carlo

NASCAR: Waltrip Scoring Points In DEI'S Pennzoil Monte Carlo

NASCAR: Waltrip Scoring Points In DEI'S Pennzoil Monte Carlo ... Continue reading

NASCAR: Wildfires Force Postponement of Inaugural Night Race at Daytona

NASCAR: Wildfires Force Postponement of Inaugural Night Race at Daytona

NASCAR: Wildfires Force Postponement of Inaugural Night Race at Daytona ... Continue reading

New Chief Financial Officer for Autoliv

New Chief Financial Officer for Autoliv

The current Chief Financial Officer and Vice President Finance of Autoliv Inc., Mr. Wilhelm Kull, has decided to exercise his right to retire at the age of 63 in May 1999. To replace him, Autoliv has employed Mr. Hans Biorck. ... Continue reading

Nissan Division June Sales up 8.5 Percent over May

Nissan Division June Sales up 8.5 Percent over May

The Nissan Division of Nissan Motor Corporation U.S.A. (NMC) reported total sales of 50,902 units, an 8.5 percent increase from last month (48,813 units). ... Continue reading

Noble International, Ltd. Announces Letters of Intent

Noble International, Ltd. Announces Letters of Intent

Noble Intl., Ltd. announced that it has entered into letters of intent relating to the proposed acquisition by the Company, through a recently formed, wholly-owned Canadian subsidiary, of all the outstanding capital stock of Centrifugal Coaters, Inc. and Vilo Systems, Inc. ... Continue reading

Progressive Lowers California Auto Insurance Rates Again

Progressive Lowers California Auto Insurance Rates Again

Progressive, one of the largest auto insurers in California is, on July 4, reducing its rates for the third time in 10 months, Mark Niehaus, president, Progressive West Insurance Company, announced. ... Continue reading

Reynolds Will Sell LEASELink

Reynolds Will Sell LEASELink

To offer automotive retailers today's most advanced leasing sales tool, The Reynolds and Reynolds Company has partnered with Lease Marketing Ltd., one of the industry's leading providers of electronic leasing solutions, to sell LEASELink to dealerships. ... Continue reading

Simpson Industries Reports Impact of GM Work Stoppages

Simpson Industries Reports Impact of GM Work Stoppages

Simpson Industries, Inc. reported that while the rest of Simpson's business, especially the diesel engine segment, cont's to stay robust, its second quarter earnings per share will be adversely affected due to the impact of work stoppages at GM. ... Continue reading

Smith to Lead Fastener Group's Americas Operations

Smith to Lead Fastener Group's Americas Operations

Textron announced it has named Randy P. Smith president of Textron Fastening Systems (TFS) Americas. In this role, Smith will oversee more than 40 sites in North and South America employing over 10,000 people. ... Continue reading

Sprints: Bloomington Points Shuffle--More Fireworks Friday

Sprints: Bloomington Points Shuffle--More Fireworks Friday

Sprints: Bloomington Points Shuffle--More Fireworks Friday ... Continue reading

Superbikes: Haga is Sensational Rookie Warrior

Superbikes: Haga is Sensational Rookie Warrior

Superbikes: Haga is Sensational Rookie Warrior ... Continue reading

Superbikes: Unique Dedication & Toughness Ordinary

Superbikes: Unique Dedication & Toughness Ordinary

Superbikes: Unique Dedication & Toughness Ordinary ... Continue reading

Symons International Group Announces Acquisition

Symons International Group Announces Acquisition

In Indianapolis, IN, Symons International Group, Inc., announces that its crop division, IGF Insurance Company, has completed the acquisition of Glenn Brothers and the expansion of Geo AgPLUS. ... Continue reading

The TACH Report: CART to Slow Cars, Goodwood "A" List Congregates, The Latest from Dodge and Mazda

The TACH Report: CART to Slow Cars, Goodwood "A" List Congregates, The Latest from Dodge and Mazda

Bill Maloney on the Hanford device, CART, the Goodwood Festival of Speed, the Newport Beach Concours D'Elegance, the Visalia Road Races near Fresno, F1, Mika Salo, the U.S,. Monterey Historics, the swift 626 Mazda, the Mazda Miata, and the Dodge Intrepid. ... Continue reading

This Week on the Emerging Company Report TV Program ...

This Week on the Emerging Company Report TV Program ...

Emerging Company Report, the nationally syndicated TV program that profiles emerging-growth companies, features interviews this week with Rory Clarke, pres. of Universal Ice Blast Inc. and Rodney Smith, chief executive officer of Smith Midland Corp. ... Continue reading

Tilden Associates Inc. Announces Market Development Partner

Tilden Associates Inc. Announces Market Development Partner

Tilden Ass Inc., operating under the trade name of "Tilden for Brakes Car Care Centers," a complete automotive service and repair company based in Long Island announced it has signed an agreement with Jim Hardaway of Boca Raton, Florida. ... Continue reading

Turbodyne Receives Russian Purchase Order for $30.675M

Turbodyne Receives Russian Purchase Order for $30.675M

Turbodyne Technologies Inc. announced that TransBusiness Group of Moscow, Russian Federation, has formally submitted a purchase order for 10,500 Turbopac(TM) Models 1500, 2200, and 2500 in the total amount of $30,675,000.00, with an option to purchase more. ... Continue reading

Ugly Duckling Corp. Announces Approval

Ugly Duckling Corp. Announces Approval

Ugly Duckling Corp. announced that the Fourth Amended Joint Plan of Reorganization under Chapter 11 of the Federal Bankruptcy Code of Reliance Acceptance Group Inc. and its subsidiaries was approved as of 6/30/98 by those entitled to vote under the plan. ... Continue reading

USAC Sprints: Jasper Engines and Transmissions Sprint Classic Race Results

USAC Sprints: Jasper Engines and Transmissions Sprint Classic Race Results

USAC Sprints: Jasper Engines and Transmissions Sprint Classic Race Results ... Continue reading

Ward's Reports Estimated Production

Ward's Reports Estimated Production

Vehicle production in the U.S., Canada and Mexico is expected to hit an estimated 88,319 units this week, a decrease of 63.9 percent from the 244,397 cars and trucks built a week ago, according to Ward's Automotive Reports. ... Continue reading

Search The Auto Channel

The Auto Channel content library (since 1996) has grown to become the world’s most extensive and complete interactive archive of automotive centric news, articles, reviews and intense event coverage, presented to viewers as Text, Video and Images.

The Auto Channel Content by Topic

Vehicle manufacturers and alt fuels.