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July 1998

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Thursday, July 23, 1998

AAMA: Bar Use of EPA Funds to Reduce Greenhouse Gas Emissions

AAMA: Bar Use of EPA Funds to Reduce Greenhouse Gas Emissions

The American Automobile Manufacturers Association (AAMA) today urged Congress to bar the U.S. Environmental Protection Agency (EPA) from spending money on regulatory initiatives implementing the unratified Kyoto Protocol to reduce greenhouse gas emissions. ... Continue reading

AAMA: Border Visa Control Could Lead to Costly Congestion

AAMA: Border Visa Control Could Lead to Costly Congestion

Concerned that an automated visa control program could result in costly congestion at key U.S. ports of entry, America's Car Companies favor legislation (S. 1360) that would delay implementation until it is operationally feasible. ... Continue reading

Allied Products' Verson Division Reports Transfer Press Sales

Allied Products' Verson Division Reports Transfer Press Sales

Chicago-based Allied Products Corporation announced that its Verson division has received major orders, totaling nearly $80 million, for several stamping presses of various sizes for delivery by mid-1999. ... Continue reading

AutoInfo No Longer Listed on NASDAQ SmallCap Market System

AutoInfo No Longer Listed on NASDAQ SmallCap Market System

AutoInfo, Inc. announced that its common stock previously listed on the NASDAQ SmallCap Market System will no longer be listed after failing to meet NASDAQ minimum net tangible asset and to maintain minimum bid price requirements. ... Continue reading

Autoliv Announces Financial Report April-June 1998

Autoliv Announces Financial Report April-June 1998

Autoliv Inc. a worldwide leader in automotive safety, reported a 3 percent increase in sales to $878 million for the three-month period ended June 30, 1998, and a 4 percent improvement in earnings per share to $.50. ... Continue reading

Borg-Warner Automotive Declares Quarterly Dividend

Borg-Warner Automotive Declares Quarterly Dividend

The board of directors of Borg-Warner Automotive, Inc. declared a regular quarterly dividend of $0.15 per share on all of the company's issued and outstanding common stock, payable August 17, 1998, to shareholders of record on August 3, 1998. ... Continue reading

Brad Ragan Inc. Announces Second Quarter Results

Brad Ragan Inc. Announces Second Quarter Results

Brad Ragan Inc. announced second quarter earnings for 1998 of $1,467,000, or $0.67 per share, compared to $818,000, or $0.37 per share, in the second quarter of 1997. ... Continue reading

Brake Headquarters, U.S.A., Relocates Corporate HQ

Brake Headquarters, U.S.A., Relocates Corporate HQ

Brake Headquarters U.S.A., Inc., WAWD, Inc., a subsidiary of Brake Headquarters U.S.A., Inc., announces the relocation of its corporate headquarters to Hayward, California. ... Continue reading

CART: Driver Standings Through July 23

CART: Driver Standings Through July 23

CART: Driver Standings Through July 23 ... Continue reading

Chrysler Corporation Breaks Ground at New Toledo Jeep(R) Assembly Plant

Chrysler Corporation Breaks Ground at New Toledo Jeep(R) Assembly Plant

Chrysler Corporation officially broke ground today on its new 1.1-million square-foot manufacturing facility in the City of Toledo. ... Continue reading

Collins & Aikman Reports Q2 Financial Results

Collins & Aikman Reports Q2 Financial Results

Collins & Aikman Corporation announced today that its operating profit for the second quarter of 1998 was $23.7 million compared to $42.2 million for the comparable 1997 period. ... Continue reading

Cooper Industries Reports Q2 Earnings

Cooper Industries Reports Q2 Earnings

Cooper Industries, Inc. reported that its diluted share earnings for the second quarter of 1998 rose to 88 cents from 86 cents in 1997. ... Continue reading

Delphi and Sungwoo Establish Joint Venture in South Korea

Delphi and Sungwoo Establish Joint Venture in South Korea

Officials for Delphi Automotive Systems and Sungwoo Corporation today signed a joint venture agreement that increases Sungwoo's total occupant protection technology and Delphi's market share in the important Asia/Pacific region. ... Continue reading

DOT on the Enactment of Anti-Drunk Driving Measures

DOT on the Enactment of Anti-Drunk Driving Measures

The IRS Restructuring and Reform Act includes amendments that add tough new measures to help states fight drunk driving. These measures reflect the President's commitment to safety, his highest transportation priority. ... Continue reading

European Commission Approves Merger of Chrysler With Daimler-Benz

European Commission Approves Merger of Chrysler With Daimler-Benz

The European Commission (EC), Brussels/Belgium, has approved the planned merger between Chrysler and Daimler-Benz marking another significant step in the merger process. ... Continue reading

Ford Buffalo Stamping Plant Gets First ISO 14001

Ford Buffalo Stamping Plant Gets First ISO 14001

The Ford Buffalo Stamping Plant is now recognized as the first automotive stamping plant in North America to achieve ISO 14001 ... Continue reading

Former SADD President Joins Top Driver

Former SADD President Joins Top Driver

William F. Cullinane, former president and executive director of the national organization of Students Against Destructive Decisions (SADD), has been named Executive Director of Education and Public Affairs for Top Driver, Inc. ... Continue reading

Formula One: Driver Standings Through July 23

Formula One: Driver Standings Through July 23

Formula One: Driver Standings Through July 23 ... Continue reading

Gilman Earns ISO 9001 with QS9000 TE Supplement Compliance

Gilman Earns ISO 9001 with QS9000 TE Supplement Compliance

Giddings & Lewis announced that its Gilman assembly division in Janesville, Wis., achieved ISO 9001 certification, including the additional QS-9000 Tooling and Equipment (TE) Supplement. ... Continue reading

Honda Hosts 10th Annual Honda HomeComing

Honda Hosts 10th Annual Honda HomeComing

A motorcycle rally, a chance to win a 1999 Honda Gold Wing Aspencade, a community celebration, a fundraiser for pediatric brain tumor research and an opportunity for Honda to say "thank-you" to its customers. The 10th Annual Honda HomeComing. ... Continue reading

Johnson Controls Elects New Officer

Johnson Controls Elects New Officer

Johnson Controls, Inc. announced the election of Lou Kincaid, 51, as corporate officer. Kincaid is Vice President and General Manager of Product Engineering Worldwide. ... Continue reading

Kansas City to Build New Low-Emission Ford Lifestyle Vehicle

Kansas City to Build New Low-Emission Ford Lifestyle Vehicle

Ford selected its Kansas City Assembly Plant to build an all-new vehicle, Ford Automotive Operations President Jac Nasser said, "this new lifestyle vehicle is good news for our customers and for the future of the Kansas City Assembly Plant." ... Continue reading

Kaynar Technologies Inc. Announces Kaynar, K-FAST Receive ISO 9001/AS9000 Registration

Kaynar Technologies Inc. Announces Kaynar, K-FAST Receive ISO 9001/AS9000 Registration

Kaynar and K-FAST, divisions of Kaynar Technologies Inc. (KTI) have successfully passed the rigorous requirements of ISO 9001 and AS9000. ... Continue reading

Lewis Berman Joins Smart Choice Board of Directors

Lewis Berman Joins Smart Choice Board of Directors

Smart Choice Automotive Group, Inc. a leading consolidator of the 'dealer-financed' used car retailing industry in the Southeastern United States, today announced that Lewis H. Berman has joined the Company's Board of Directors. ... Continue reading

Major European Installation Of Real-Time PC-Based Control at Ford in Liverpool

Major European Installation Of Real-Time PC-Based Control at Ford in Liverpool

The Ford Motor Company Halewood Transmission Plant has launched the iB5 transmission assembly line, a 70-node modular system using Steeplechase's Visual Logic Controller(TM) (VLC(R)) PC-based control software. ... Continue reading

MotorVac & Snap-on Diagnostics Launch Shop Locator System

MotorVac & Snap-on Diagnostics Launch Shop Locator System

MotorVac Technologies Inc. announced a new automated service shop locator system in response to a growing demand for the MotorVac(R) CarbonClean(R) service. ... Continue reading

NADA: April Dealer Sales

NADA: April Dealer Sales

Strong new-vehicle sales led to an 8 percent rise in dealership revenue and a 35 percent increase in pre-tax dealer profits in April, according to the National Automobile Dealers Association. ... Continue reading

NAPA Pre-Trip Inspection Checklist

NAPA Pre-Trip Inspection Checklist

The National Automotive Parts Association (NAPA) advises parents to follow a 'Pre-Trip Inspection Checklist' to avoid hassles down the road. ... Continue reading

NASCAR BGN: Driver Standings Through July 23

NASCAR BGN: Driver Standings Through July 23

NASCAR BGN: Driver Standings Through July 23 ... Continue reading

NASCAR BGN: McLaughlin Sets Sights on Visiting Victory Lane in South Boston

NASCAR BGN: McLaughlin Sets Sights on Visiting Victory Lane in South Boston

NASCAR BGN: McLaughlin Sets Sights on Visiting Victory Lane in South Boston ... Continue reading

NASCAR: Square D and FILMAR Racing to Part Ways After 1998

NASCAR: Square D and FILMAR Racing to Part Ways After 1998

NASCAR: Square D and FILMAR Racing to Part Ways After 1998 ... Continue reading

NASCAR Trucks: Driver Standings Through July 23

NASCAR Trucks: Driver Standings Through July 23

NASCAR Trucks: Driver Standings Through July 23 ... Continue reading

National-Standard Reports Quarterly Results

National-Standard Reports Quarterly Results

National-Standard Co. posted sales of $55.7 million and a net income of $.2 million, or $0.04 per share, for the third quarter of 1998, compared to sales of $64.7 million and a net income of $.3 million or $0.05 per share for the same period last year. ... Continue reading

Newsweek Calls Car and Driver Editor 'Car King'

Newsweek Calls Car and Driver Editor 'Car King'

Csaba Csere (pronounced: Chubba Chedda), editor-in-chief of Car and Driver magazine, joins the likes of Madonna, Rosie O'Donnell, Oprah Winfrey and Regis Philbin by being named among Newsweek magazine's top buzz-makers of the moment. ... Continue reading

NHRA: Autolite Nationals General Information

NHRA: Autolite Nationals General Information

NHRA: Autolite Nationals General Information ... Continue reading

NHRA: Driver Standings Through July 23

NHRA: Driver Standings Through July 23

NHRA: Driver Standings Through July 23 ... Continue reading

Pennzoil Indiana Sprint Week: Rain Out in Terre Haute

Pennzoil Indiana Sprint Week: Rain Out in Terre Haute

1998 Pennzoil Indiana Sprint Week: Rain Out in Terre Haute ... Continue reading

Porsche History to Come to Life at Meadow Brook Hall Concours

Porsche History to Come to Life at Meadow Brook Hall Concours

In the midst of its 50th anniversary celebration, Porsche will be the featured marque here at the 20th annual Meadow Brook Hall Concours d'Elegance & Historic Races, scheduled for the weekend of July 31 to August 2. ... Continue reading

Quixote Corporation Adopts New Shareholder Rights Plan

Quixote Corporation Adopts New Shareholder Rights Plan

Quixote Corporation announced that its Board of Directors has adopted a Shareholder Rights Plan to replace the Company's existing Rights Plan which expires on July 24, 1998. ... Continue reading

SMC Corporation Announces Second Quarter Results

SMC Corporation Announces Second Quarter Results

SMC Corporation today reported its results for the second quarter of 1998. For the quarter ended June 30, 1998, net sales increased 7% to $52.3 million, compared to $48.9 million in 1997. ... Continue reading

Snap-on Incorporated Reports Q2 Results

Snap-on Incorporated Reports Q2 Results

Snap-on Incorporated announced record sales, but lower earnings and earnings per share for the second quarter and first six months of 1998. The second quarter performance was consistent with the company's pre-announcement statement of June 29, 1998. ... Continue reading

Sprints: 11th Annual Indiana Sprint Week Makes Stop in Bloomington

Sprints: 11th Annual Indiana Sprint Week Makes Stop in Bloomington

Sprints: 11th Annual Indiana Sprint Week Makes Stop in Bloomington ... Continue reading

Standard & Poor's Places Tenneco Ratings on Watch

Standard & Poor's Places Tenneco Ratings on Watch

Standard & Poor's today placed its ratings on Tenneco Inc. on CreditWatch with negative implications. ... Continue reading

UnitedAuto Reports Q2 1998 Results

UnitedAuto Reports Q2 1998 Results

UnitedAuto Group, Inc. the nation's second largest publicly-traded automotive retailer, today announced results for the quarter ended June 30, 1998. ... Continue reading

WABCO Posts Q2 Earnings

WABCO Posts Q2 Earnings

Westinghouse Air Brake Company reported diluted earnings per share, before an extraordinary item, of $.45 for the second quarter ended June 30, 1998, a 22% increase compared to $0.37 per diluted share in the second quarter of 1997. ... Continue reading

WOO: Along the World of Outlaws' Trail

WOO: Along the World of Outlaws' Trail

WOO: Along the World of Outlaws' Trail ... Continue reading

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