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July 1998

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Tuesday, July 28, 1998

3M Automotive Garners Two 'Quest for Excellence' Awards

3M Automotive Garners Two 'Quest for Excellence' Awards

The results of a survey of Automotive Industries magazine readers published in the July issue has netted two "Quest for Excellence" awards for 3M Automotive. ... Continue reading

Action Performance Posts Results for Fiscal Q3 1998

Action Performance Posts Results for Fiscal Q3 1998

Action Performance Companies Inc.(TM) announced record sales and earnings for its fiscal 1998 third quarter and nine-months ended June 30, 1998 ... Continue reading

AimRite Holdings Unveils Production COAST Suspension Unit

AimRite Holdings Unveils Production COAST Suspension Unit

AimRite Holdings Corp. presents the COAST(TM) suspension control system, which uses Variable Constant Force(TM) to achieve ride luxury, stability and safety for automotive, truck, bus and RV applications. ... Continue reading

Algoma Steel Announces Results For The Quarter Ended June 30, 1998

Algoma Steel Announces Results For The Quarter Ended June 30, 1998

Algoma Steel Algoma Steel today announced its financial results for the quarter ended June 30, 1998 ... Continue reading

Ambassador Gerald P. Carmen Accepts Board Position With 1-800-AutoTow

Ambassador Gerald P. Carmen Accepts Board Position With 1-800-AutoTow

Former United Nations Ambassador Gerald P. Carmen has joined the board of directors of 1-800-AutoTow(tm) a publicly traded company that is rolling up America's fragmented vehicle towing industry into a national brand. ... Continue reading

Amerigon Reports Second Quarter, Six-month Results

Amerigon Reports Second Quarter, Six-month Results

Amerigon Inc. posted results for its second quarter and six months ended June 30, 1998. For the second quarter, the net loss decreased nearly 30 percent to $1.68 million, or $0.18 per share, compared with a net loss of $2.37 million, or $0.25 per share, in the prior year's second quarter. ... Continue reading

ARA Racefacts Bulletin (7/26/98)

ARA Racefacts Bulletin (7/26/98)

Auto Racing Analysis Racefacts Bulletin for the week of July 26, 1998. ... Continue reading

Borg-Warner Automotive to Sell Connecting Rod Business

Borg-Warner Automotive to Sell Connecting Rod Business

Borg-Warner Automotive, Inc. announced that it has signed a letter of intent to sell its precision forged powder metal connecting rod business unit to GKN Sinter Metals, Inc. based in Auburn Hills, Mich., a subsidiary of UK-based GKN plc. ... Continue reading

Citizens Group Urges Sonoma County to Curb Sears Point Expansion

Citizens Group Urges Sonoma County to Curb Sears Point Expansion

A citizen's Group says that a proposed expansion of Sears Point Raceway will lead to gridlock on the Gateway to the Wine Country, endanger the environment with noise and air pollution and degradation of wetlands, and open scenic Sonoma County to irreversible commercial exploitation. ... Continue reading

Consumer Auto Feature: The Value of Engine Repair

Consumer Auto Feature: The Value of Engine Repair

No matter how carefully you maintain your car, sooner or later the engine will begin to display signs of wear. They might be subtle at first -- but they'll become more noticeable and bothersome as you continue to load on the miles. ... Continue reading

Cross-Continent Reports Q2 Results

Cross-Continent Reports Q2 Results

Cross-Continent Auto Retailers, Inc., the nation's first publicly traded franchise auto dealer group, today announced results for the second fiscal quarter ended June 30, 1998. ... Continue reading

DCR Withdraws Chrysler Preferred Stock Rating

DCR Withdraws Chrysler Preferred Stock Rating

Duff & Phelps Credit Rating Co. has withdrawn its 'A-' preferred stock rating of Chrysler Corporation, as Chrysler called for redemption on July 24 all depositary shares representing its Series A convertible preferred stock. ... Continue reading

ESD's Advanced Coatings and Advanced Composites Co-Locate With IBEC'98

ESD's Advanced Coatings and Advanced Composites Co-Locate With IBEC'98

ESD's Advanced Coatings Technology Conference, ESD's Advanced Composites Conference and Exposition, and the Society of Manufacturing Engineer's Autofact'98, will be co-located with IBEC'98. ... Continue reading

GKN Sinter Metals to Acquire Connecting Rod Business Unit

GKN Sinter Metals to Acquire Connecting Rod Business Unit

GKN Sinter Metals, the world's leader in powder metallurgy components with sales in excess of $500 million, has signed a letter of intent to purchase the precision forged powder metal connecting rod business of Borg-Warner Automotive, Inc. ... Continue reading

Hargrove to Respond to GM Strike Developments at 4:30 PM

Hargrove to Respond to GM Strike Developments at 4:30 PM

Canadian Auto Workers Union president Buzz Hargrove will respond to the developments in negotiations between GM and the UAW. ... Continue reading

Hilite Industries, Inc. Reports Record Sales and Earnings

Hilite Industries, Inc. Reports Record Sales and Earnings

Hilite Industries, Inc. reported record sales and earnings for the 1998 fiscal year. Earnings per share for the 1998 fiscal year were a record $0.92 per share as compared to the previous record of $0.74 per share in fiscal 1996. ... Continue reading

HydroSpray and Hi-Performance Wash Systems Sign Distribution Agreement

HydroSpray and Hi-Performance Wash Systems Sign Distribution Agreement

HydroSpray today announced that it has come to an agreement with Dick Wells of Hi-Performance Wash Systems Inc. in Denver, Colo. to distribute HydroSpray car wash equipment throughout Colorado, Wyoming and Northern New Mexico. ... Continue reading

Indiana Sprint Week Final Race Results, Points

Indiana Sprint Week Final Race Results, Points

Indiana Sprint Week Final Race Results, Points ... Continue reading

IROC: Luyendyk, Stewart Take Stock in IROC Chances at Indy

IROC: Luyendyk, Stewart Take Stock in IROC Chances at Indy

IROC: Luyendyk, Stewart Takek Stock in IROC Chances at Indy ... Continue reading

ITT Industries Declares $0.15 Per Share Third Quarter Dividend

ITT Industries Declares $0.15 Per Share Third Quarter Dividend

ITT Industries, Inc., a global, diversified manufacturing company, today declared a cash dividend of $0.15 per share for the third quarter of 1998, payable October 1, 1998 to shareholders of record on August 28, 1998. ... Continue reading

Johnson Controls Launches Advanced Comfort Center

Johnson Controls Launches Advanced Comfort Center

Look for automotive interiors to become a lot more comfortable in the years ahead. That's because vehicle interior supplier Johnson Controls has launched a $3.5 m, state-of-the-art comfort engineering center at its Plymouth, Michigan technical center. ... Continue reading

Monaco Coach Reports Record Second Quarter Earnings

Monaco Coach Reports Record Second Quarter Earnings

Monaco Coach Corporation released second quarter earnings, reporting operating income up 52.4% as compared to results for the same period of 1997. ... Continue reading

NASCAR: 1998 Brickyard 400 Schedule

NASCAR: 1998 Brickyard 400 Schedule

NASCAR: 1998 Brickyard 400 Schedule ... Continue reading

NASCAR BGN: McLaughlin Charges to a 3rd Place Finish in South Boston

NASCAR BGN: McLaughlin Charges to a 3rd Place Finish in South Boston

NASCAR BGN: McLaughlin Charges to a 3rd Place Finish in South Boston ... Continue reading

NASCAR: Earnhardt Yearns for Second Victory at the Brickyard

NASCAR: Earnhardt Yearns for Second Victory at the Brickyard

NASCAR: Earnhardt Yearns for Second Victory at the Brickyard ... Continue reading

NASCAR GDS: SNS Coastal Carolina Freightliner Preview

NASCAR GDS: SNS Coastal Carolina Freightliner Preview

NASCAR GDS: SNS Coastal Carolina Freightliner Preview ... Continue reading

Noble International Buys Tiercon Holdings and Triam Automotive Canada

Noble International Buys Tiercon Holdings and Triam Automotive Canada

NOBLE INTERNATIONAL, LTD. announced that it has completed the acquisition of Tiercon Holdings Inc., an Ontario corporation. Concurrently, Tiercon completed the acquisition of the Plastics Division of Triam Automotive Canada Inc. ... Continue reading

Noble International, Ltd. Acquires Two Businesses

Noble International, Ltd. Acquires Two Businesses

NOBLE INTERNATIONAL, LTD. announced that it has completed the acquisition of Tiercon Holdings Inc., an Ontario corporation as well as the Plastics Division of Triam Automotive Canada Inc., an Ontario corporation, from Magna International Inc. ... Continue reading

O'Sullivan Corporation Dividend Declaration

O'Sullivan Corporation Dividend Declaration

The Board of Directors of O'Sullivan Corporation declared a regular dividend of $0.08 per share, payable October 9, 1998, to shareholders of record September 11, 1998. ... Continue reading

Porsche To Launch New Interactive International Web Site

Porsche To Launch New Interactive International Web Site

Beginning August 1, 1998, Porsche will go on-line on the Internet with a newly designed web site created to providethe user with complete information on its products and activities from national and international perspectives. ... Continue reading

Production Engine Remanufacturers Challenged

Production Engine Remanufacturers Challenged

According to research conducted by Frost & Sullivan, U.S. Production Engine Remanufacturers' Market, the number of PERs is declining due to closures and consolidation. About 115 PERs are currently in operation in the U.S. ... Continue reading

QSR: New President, New Plan

QSR: New President, New Plan

Quality Systems Registrars, Inc. has named Donald C. Dukes president. Dukes is a former naval officer with over 30 years experience in the quality profession, specializing in design, development, implementation and assessment of quality systems. ... Continue reading

Quicken InsureMarket's Advanced Internet Auto Insurance Service Now Available

Quicken InsureMarket's Advanced Internet Auto Insurance Service Now Available

Intuit, Inc. announced that its Quicken InsureMarket Web site is now providing online auto insurance purchasing services in 10 states. Colorado and Iowa are the latest states to gain access to the service, which began its national roll out in February. ... Continue reading

Selas Reports Increased Earnings for Second Quarter 1998

Selas Reports Increased Earnings for Second Quarter 1998

Selas Corporation of America reported income of $1,766,000 or $.33 per diluted share for the quarter ended June 30, 1998 versus $1,379,000 or $0.26 per diluted share for the similar quarter in 1997. ... Continue reading

Soligen Reports 33% Increase in First-Quarter Revenues

Soligen Reports 33% Increase in First-Quarter Revenues

Soligen Technologies Inc. announced first-quarter revenues for the three months ended June 30, 1998. Soligen's total revenues rose 33% to $1.64 million from $1.23 million for the same period last year. ... Continue reading

Standard Motor Products Announces Second Quarter 1998 Dividend

Standard Motor Products Announces Second Quarter 1998 Dividend

Standard Motor Products, Inc., automotive replacement parts manufacturer and distributor announced the Board of Directors has approved payment of a quarterly dividend of eight cents per share on the common stock outstanding. ... Continue reading

Standard Products Reports FY 1998 Fourth Quarter Results

Standard Products Reports FY 1998 Fourth Quarter Results

The Standard Products Co. announced results for its fourth quarter and fiscal year ended June 30, 1998. Net income for the quarter was $18.3 million, or $1.08 diluted earnings per share of common stock. ... Continue reading

Supreme Industries Reports Results For Fiscal Q2 1998

Supreme Industries Reports Results For Fiscal Q2 1998

Supreme Industries, Inc., a leading manufacturer of specialized truck bodies and shuttle buses, today announced financial results for its second quarter and six months ended June 30, 1998. ... Continue reading

Symons International Group Inc. Reports Q2 1998 Results

Symons International Group Inc. Reports Q2 1998 Results

Symons International Group Inc. a leading provider of crop and nonstandard automobile insurance, today announces the results for the second quarter ended June 30, 1998. ... Continue reading

TBC Reports Second Quarter Results

TBC Reports Second Quarter Results

TBC Corporation reported results for the second quarter ended June 30, 1998. Net sales for the second quarter totaled $161.9 million compared with $163.8 million in the year-earlier period. ... Continue reading

The Auxer Group Announces Licensing Agreement

The Auxer Group Announces Licensing Agreement

The Auxer Group, Inc. announced that its subsidiary, the Harvey Westbury Corp., has entered into a licensing agreement with major auto parts distribution company encompassing 52 warehouse distributors and over 3,600 stores both in the U.S. and abroad. ... Continue reading

The TACH Report: First Lady Of Racing Honored, Monterey Historics, Lincoln Town Car VS Mercury Marquis

The TACH Report: First Lady Of Racing Honored, Monterey Historics, Lincoln Town Car VS Mercury Marquis

Bill Maloney on Linda Vaughn, Porsches 25th Monterey Historic races, 1999 Mercury Grand Marquis, Lincoln Town Car, IROC at Indy, The Route 66 Rendezvous in San Bernardino, and Chip Ganassi's Chicago Motor Speedway ... Continue reading

TORNADO Device Stirring Up Driver Interest

TORNADO Device Stirring Up Driver Interest

TORNADO is an air channeling tool that creates a swirling motion in the air, allowing the air to move faster and more efficiently by continuously whirling air around corners and bends -- imagine a mini-tornado on its side moving through the intakes. ... Continue reading

Tracks: Joe Foster Named Road Atlanta's Chief Driving Instructor

Tracks: Joe Foster Named Road Atlanta's Chief Driving Instructor

Tracks: Joe Foster Named Road Atlanta's Chief Driving Instructor ... Continue reading

Tracks: Road Atlanta Driving Schools Undergo Major Changes

Tracks: Road Atlanta Driving Schools Undergo Major Changes

Tracks: Road Atlanta Driving Schools Undergo Major Changes ... Continue reading

Tragedy at the U.S.500

Tragedy at the U.S.500

Dave Treffer searches for an appropriate reaction to the tragedy at the U.S. 500, where a fan was killed by a tire that flew off a race car. ... Continue reading

United Technologies Finds EU Challenge to Foreign Sales Corp 'Deeply Flawed'

United Technologies Finds EU Challenge to Foreign Sales Corp 'Deeply Flawed'

Calling the European Union's challenge of the Foreign Sales Corporation provisions of U.S. tax code "misguided." ... Continue reading

USAC Silver Crown: Bliss, Stewart Team up for Wednesday's DuPont 100 at IRP

USAC Silver Crown: Bliss, Stewart Team up for Wednesday's DuPont 100 at IRP

USAC Silver Crown: Bliss, Stewart Team up for Wednesday's DuPont 100 at IRP ... Continue reading

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