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

August 1998

Select Another Month

Monday, August 10, 1998

1999 Ford Car and Truck Average Price Lower 2nd Straight Year

1999 Ford Car and Truck Average Price Lower 2nd Straight Year

The average price for Ford Division's 1999 model cars and trucks has been reduced 0.2 percent compared with final 1998 model year prices for comparably equipped vehicles, Ford Division President Jim O'Connor announced. ... Continue reading

Adelvo Investments, Inc. Acquires Majority Interest in City Auto Resources, Inc.

Adelvo Investments, Inc. Acquires Majority Interest in City Auto Resources, Inc.

City Auto Resources, Inc. announced that majority control was acquired by Adelvo Investments, Inc. Terms were not disclosed. City Auto Resources recently exited the auto finance business, which was its only business. ... Continue reading

Atherton Capital Completes $201 Million Securitization

Atherton Capital Completes $201 Million Securitization

Atherton Capital Incorporated has completed a $201 million securitized private placement consisting of 312 franchise loans originated and funded to select franchisees of various businesses. ... Continue reading

AutoInfo, Inc. Announces Sale of Automobile Receivables

AutoInfo, Inc. Announces Sale of Automobile Receivables

AutoInfo, Inc. announced the sale of automobile receivables by its wholly-owned subsidiary AutoInfo Receivables Company, with a net balance of approximately $7.7 million. ... Continue reading

AutoZone Announces Successful Consent Solicitation

AutoZone Announces Successful Consent Solicitation

AutoZone, Inc. announced that as of 5 p.m., New York City time, August 7, 1998, it had received tenders and consents with respect to a majority of the 10 1/2% Senior Notes due 2005 of its wholly-owned subsidiary Chief Auto Parts Inc. ... Continue reading

BARBERDODGE: Barber Dodge Results - Mid Ohio

BARBERDODGE: Barber Dodge Results - Mid Ohio

BARBERDODGE: Barber Dodge Results - Mid Ohio ... Continue reading

Brentwood Associates Announces the Formation of HDA Parts System Inc.

Brentwood Associates Announces the Formation of HDA Parts System Inc.

Los Angeles-based Brentwood Associates announced the formation of HDA Parts System Inc. (HDA Parts), a leading consolidator in the heavy-vehicle-replacement- parts industry. ... Continue reading

CART: Carpentier Earns Career-Best Road Course Finish

CART: Carpentier Earns Career-Best Road Course Finish

CART: Carpentier Earns Career-Best Road Course Finish ... Continue reading

CART: Gugelmin First of Four Mercedes at Mid-Ohio

CART: Gugelmin First of Four Mercedes at Mid-Ohio

CART: Gugelmin First of Four Mercedes at Mid-Ohio ... Continue reading

Clean Diesel Files Registration Statement

Clean Diesel Files Registration Statement

Clean Diesel Technologies Inc. announced that it has filed a Registration Statement with the Securities and Exchange Commission in respect of a proposed Rights Offering. ... Continue reading

Concentra and Loandata Launch SpotDesk

Concentra and Loandata Launch SpotDesk

Concentra Corp.and Loandata, a majority owned subsidiary of Concentra, unveiled SpotDesk(TM), a new component of the Spot Finance(TM) software package of tools for automobile dealers and lenders. ... Continue reading

Drag Bikes: John Myers Dies in Bike Accident

Drag Bikes: John Myers Dies in Bike Accident

Drag Bikes: John Myers Dies in Bike Accident ... Continue reading

FHWA Reports Road Construction Costs for Q2 of 1998

FHWA Reports Road Construction Costs for Q2 of 1998

The Federal Highway Administration (FHWA) announced that highway construction costs increased 3.8 percent in the second quarter of 1998, and decreased 5.98 percent compared to the second quarter a year ago. ... Continue reading

Ford Gaining Leadership by Mastering Change

Ford Gaining Leadership by Mastering Change

Ford Motor Company is striving to maintain momentum and gain leadership through a "continual fresh eyes" look at every process in its enterprise -- from concept to customer, according to Bob Transou, group vice president, Manufacturing. ... Continue reading

Ford Motor Company 1999-Model Prices Announced

Ford Motor Company 1999-Model Prices Announced

For the second consecutive year, Ford Motor Company will hold the line on its average vehicle price while providing enhanced emissions performance, adding new safety equipment and other features on some models, and offering several all-new vehicles. ... Continue reading

Harris Semiconductor Introduces New Family of Rugged, High-Efficiency 1200V IGBTs

Harris Semiconductor Introduces New Family of Rugged, High-Efficiency 1200V IGBTs

Harris Semiconductor announced the availability of a new insulated gate bipolar transistor family that combines the best features of MOSFETs and bipolar transistors -- high impedance and low on-state conduction losses. ... Continue reading

Hilite Industries Announces Q4 Cash Dividend

Hilite Industries Announces Q4 Cash Dividend

Hilite industries, Inc. announced that they have approved a 2 1/2 cent per share cash dividend for the fourth quarter. The Board of Directors set a record date of 8/19/98 for the cash dividend which is expected to be distributed on or about 9/2/98. ... Continue reading

Infiniti Announces 1999 I30 and QX4 Pricing

Infiniti Announces 1999 I30 and QX4 Pricing

Infiniti, the luxury division of Nissan Motor Corporation U.S.A., announced pricing for its 1999 I30 luxury sedan and QX4 luxury sport utility vehicle (LSUV). Both models' pricing remains unchanged for the new model year. ... Continue reading

IntelliChoice Announces August Gold Star Lease Winners

IntelliChoice Announces August Gold Star Lease Winners

Every month, IntelliChoice(R) announces the best deals (Gold Star Leases) across the U.S for leased cars. Lease evaluations and reports are based upon information supplied by manufacturers and secured from nationally advertised lease offers. ... Continue reading

Jan E. Gaulding Named Chief Financial Officer For 1-800-AutoTow

Jan E. Gaulding Named Chief Financial Officer For 1-800-AutoTow

Jan E. Gaulding, former chief financial officer for ProNet, a major consolidator in the wireless and paging industry, has been named chief financial officer for 1-800-AutoTow(tm), a publicly traded company rolling up America's vehicle towing industry into a national brand. ... Continue reading

Leasing Vs. Buying: Some Consumer Tips From the Automobile Club

Leasing Vs. Buying: Some Consumer Tips From the Automobile Club

As consumers browse auto dealership showrooms to check out the new 1999 models, they will wrestle with the auto-financing question of the decade: "Should I lease or buy?" ... Continue reading

Lincoln Mercury Announces 1999 Prices

Lincoln Mercury Announces 1999 Prices

Last year, Lincoln Mercury held its 1998 intro prices flat. Today, it announced that the average price for its 1999-model cars and light trucks will be reduced 0.7 percent compared with final 1998 model-year prices for comparably-equipped vehicles. ... Continue reading

LSB Industries, Inc., Reports Q2 Results

LSB Industries, Inc., Reports Q2 Results

LSB Industries, Inc., reported operating results for the three months and six months ended June 30, 1998. ... Continue reading

Mercury General Authorizes $200 Million Share Buy-Back

Mercury General Authorizes $200 Million Share Buy-Back

Mercury General Corp, a major California automobile insurer with operations in a number of other states, announced that its Board of Directors, at the regular quarterly meeting on Aug 7, 1998, authorized the repurchase over a one year period of up to $200 million of Mercury General's Common Stock. ... Continue reading

Midgets: Sportsman Midgets Race Report

Midgets: Sportsman Midgets Race Report

Midgets: Sportsman Midgets Race Report ... Continue reading

Mobil and Tetco Sign Memorandum of Understanding

Mobil and Tetco Sign Memorandum of Understanding

Mobil and Tetco Stores have signed a non-binding memorandum of understanding to form a joint-venture Mobil fuels distributorship in Texas. Negotiations are continuing and the companies expect the new venture to be operating by Oct 1, 1998. ... Continue reading

Motorcar Parts and Accessories, Inc. Reports Fiscal 1999 Q1 Results

Motorcar Parts and Accessories, Inc. Reports Fiscal 1999 Q1 Results

Motorcar Parts & Accessories, Inc., North America's fastest growing remanufacturer and distributor of replacement alternators and starters, reported results for the three months ended June 30, 1998. ... Continue reading

NASCAR GDS: Huffman Kickin' Sand At Myrtle Beach

NASCAR GDS: Huffman Kickin' Sand At Myrtle Beach

NASCAR GDS: Huffman Kickin' Sand At Myrtle Beach ... Continue reading

NASCAR SJAPS: Goodson Outduels Bigley for First Win of 1998

NASCAR SJAPS: Goodson Outduels Bigley for First Win of 1998

NASCAR SJAPS: Goodson Outduels Bigley for First Win of 1998 ... Continue reading

NASCAR WCUP: Mark Martin Loses Family Members in Plane Crash

NASCAR WCUP: Mark Martin Loses Family Members in Plane Crash

NASCAR WCUP: Mark Martin Loses Family Members in Plane Crash ... Continue reading

NASCAR-WCUP: Steve Park Stretches Gas and Third Gear To 18th Place

NASCAR-WCUP: Steve Park Stretches Gas and Third Gear To 18th Place

NASCAR-WCUP: Steve Park Stretches Gas and Third Gear To 18th Place ... Continue reading

PSCR: Visteon Panoz Racing Team Victorious at Mosport

PSCR: Visteon Panoz Racing Team Victorious at Mosport

PSCR: Visteon Panoz Racing Team Victorious at Mosport ... Continue reading

Sonic Automotive, Inc. Achieving Efficiencies Of Scale

Sonic Automotive, Inc. Achieving Efficiencies Of Scale

Sonic Automotive, Inc. is continuing to execute its' operations strategy to achieve efficiencies of scale through the consolidation of its' retail leading sources, which provide financing of automobile purchases for Sonic's customers. ... Continue reading

Teletrac Inc. Placed on S&PWatch, Neg;Rtgs Lwrd

Teletrac Inc. Placed on S&PWatch, Neg;Rtgs Lwrd

Standard & Poor's lowered its rating on Teletrac Inc.'s $105 million senior subordinated notes due 2007 and $30 million reduced revolving credit facility to triple-'C'-plus from single-'B'-minus. ... Continue reading

The Timken Company Commissions New Rolling Mill

The Timken Company Commissions New Rolling Mill

The Timken Company commissioned a new $55 million rolling mill in ceremonies at its Harrison Steel Plant in Canton. ... Continue reading

T.J.T., Inc. Sales Up 34 Percent in Third Quarter

T.J.T., Inc. Sales Up 34 Percent in Third Quarter

T.J.T., Inc., supplier of recycled axles and tires to the manufactured housing industry, announced that sales for the Q3 ended 06/30/98, rose 34% while higher cost of goods sold caused net income to decline from the same quarter a year ago. ... Continue reading

Toyota Announces 1999 Prices

Toyota Announces 1999 Prices

Toyota Motor Sales (TMS), U.S.A., Inc., released manufactured suggested retail prices (MSRP) on selected 1999 model cars and trucks. ... Continue reading

Trucks: Rain Postpones Anderson Truck Race

Trucks: Rain Postpones Anderson Truck Race

Trucks: Rain Postpones Anderson Truck Race ... Continue reading

USAC Midget Race Results from Odessa, MO

USAC Midget Race Results from Odessa, MO

USAC Midget Race Results from Odessa, MO ... Continue reading

USAC: Stoops Freightliner Results 8/9/98

USAC: Stoops Freightliner Results 8/9/98

USAC: Stoops Freightliner Results 8/9/98 ... 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.