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September 1998

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Friday, September 4, 1998

1998 Labor Day Message By UAW President

1998 Labor Day Message By UAW President

The following is a 1998 Labor Day messageby UAW President Stephen P. Yokich: ... Continue reading

AUTO QUESTIONS AND ANSWERS FOR WEEK 36

AUTO QUESTIONS AND ANSWERS FOR WEEK 36

AUTO QUESTIONS AND ANSWERS FOR WEEK 36 ... Continue reading

Bridgestone/Firestone Presents State With Environmental Treasure

Bridgestone/Firestone Presents State With Environmental Treasure

Bridgestone/Firestone has donated approximately 4,000 acres of property in White and Cumberland counties to the state of Tennessee to create an environmentally protected conservation area. ... Continue reading

CART: Molson Indy Vancouver Qualifying, Friday Results

CART: Molson Indy Vancouver Qualifying, Friday Results

CART: Molson Indy Vancouver Qualifying, Friday Results ... Continue reading

CART: The Electronic Senses of a Champ Car

CART: The Electronic Senses of a Champ Car

CART: The Electronic Senses of a Champ Car ... Continue reading

Chasco Systems, Inc. Purchases Delphi's Hot Coil Spring Operations

Chasco Systems, Inc. Purchases Delphi's Hot Coil Spring Operations

Chasco Systems, Inc., an entity owned by the Walton Johnson Group, Inc. and Chasco Capital Corp. announced they have completed the purchase of Delphi Automotive Systems hot coil spring operations. Terms of the sale were not disclosed. ... Continue reading

Chrysler Declares Dividend

Chrysler Declares Dividend

Chrysler Corporation announced that its Board of Directors has declared a dividend of $0.40 per share on the company's common stock. The dividend is payable October 15, 1998, to shareholders of record on September 15, 1998. ... Continue reading

Chrysler International Reports August Sales

Chrysler International Reports August Sales

Chrysler Corporation announced that total international sales outside of North America were down 23 percent for the month of August, with 16,256 units sold compared to 21,108 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 all nine U.S. assembly plants and all three Canadian assembly plants will operate the week of September 7, 1998. All nine U.S. assembly plants and all three Canadian assembly plants will not operate Monday, September 7. ... Continue reading

Dura Automotive Systems, Inc. Announces Dividend

Dura Automotive Systems, Inc. Announces Dividend

Dura Automotive Systems, Inc., announced that a quarterly dividend of $0.47 per share will be paid on the 7 1/2% convertible trust preferred securities issued by the Dura Automotive Capital Trust. ... Continue reading

Goodyear Boosts New Tire Innovations

Goodyear Boosts New Tire Innovations

In a bid to improve its competitiveness in the world's biggest tire market, America's largest tire company plans to accelerate new product introductions in the next three years. ... Continue reading

Gore Announces $1 Million in Federal Grants For Hawaii

Gore Announces $1 Million in Federal Grants For Hawaii

Vice President Gore announced incentive grants totaling nearly $1 million to help Hawaii implement tough programs to combat drunk driving. ... Continue reading

Gore Announces $4.5 Million For NC to Deter Drunk Driving

Gore Announces $4.5 Million For NC to Deter Drunk Driving

Vice President Gore announced incentive grants totaling more than $4.5 million to help North Carolina implement tough programs to combat drunk driving. ... Continue reading

Gore Announces $71 Million in Incentive Grants to Deter Drunk Driving

Gore Announces $71 Million in Incentive Grants to Deter Drunk Driving

Vice President Gore announced incentive grants totaling more than $71 million for states to help deter drinking and driving. The grants will be awarded under provisions of the Transportation Equity Act for the 21st Century. ... Continue reading

Improved '99 Mustang is True to Its Roots

Improved '99 Mustang is True to Its Roots

Ford unveiled its 1999 Mustang to members of the Mustang Club of America, and there's no mistaking that the car traces its heritage back to the original of 35 years ago. It's there in looks, concept and spirit. ... Continue reading

Infiniti Announces 1999 Q45 Pricing

Infiniti Announces 1999 Q45 Pricing

Infiniti, the luxury division of Nissan Motor Corporation U.S.A., announced pricing for its flagship, the 1999 Infiniti Q45 luxury performance sedan. On an equipment-adjusted basis, overall Q45 prices are $750 lower compared to the 1998modelyear. ... Continue reading

Jaguar Posts Record August for Sedan Sales

Jaguar Posts Record August for Sedan Sales

Prestige car buyers in the U.S. drove Jaguar to a record August for sedan sales. Sales of 1,458 sedans, up 84 percent compared with August 1997, topped Jaguar's previous best August -- 1,443 sedan sales in 1987. ... Continue reading

Mazda Announces Dramatic Repricing of Its 1999 Millenia

Mazda Announces Dramatic Repricing of Its 1999 Millenia

Mazda North American Operations announced substantial reductions in the prices of the 1999 Millenia models, the company's flagship luxury sedan. ... Continue reading

Midgets: NAMARS Indiana Triple Crown Bonus Extravaganza

Midgets: NAMARS Indiana Triple Crown Bonus Extravaganza

Midgets: NAMARS Indiana Triple Crown Bonus Extravaganza ... Continue reading

Midgets: NAMARS Souvenirs Available by Mail

Midgets: NAMARS Souvenirs Available by Mail

Midgets: NAMARS Souvenirs Availabll by Mail ... Continue reading

Midgets: USAC Race Results, Terre Haute

Midgets: USAC Race Results, Terre Haute

Midgets: USAC Race Results, Terre Haute ... Continue reading

Mobil Introduces Improved Version of its Mobil SHC 600 Series

Mobil Introduces Improved Version of its Mobil SHC 600 Series

Mobil announced that it has launched an improved version of its Mobil SHC 600 Series industrial synthetic bearing and gear lubricant that lasts up to eight times longer than mineral oil. ... Continue reading

NASCAR WCUP: Crew Chief Club at the Pepsi Southern 500

NASCAR WCUP: Crew Chief Club at the Pepsi Southern 500

Midgets: NAMARS Souvenirs Availabll by Mail ... Continue reading

NASCAR WCUP: Darlington Qualifying Results, Friday

NASCAR WCUP: Darlington Qualifying Results, Friday

NASCAR WCUP: Darlington Qualifying Results, Friday ... Continue reading

NASCAR-WCUP: The Home Depot to Partner with Joe Gibbs Racing in NASCAR Winston Cup Series

NASCAR-WCUP: The Home Depot to Partner with Joe Gibbs Racing in NASCAR Winston Cup Series

NASCAR-WCUP, BUSINESS: The Home Depot to Partner with Joe Gibbs Racing in NASCAR Winston Cup Series ... Continue reading

NEWSTUFF-NISSAN SPORTSTER, NEXT NEON, SMALL JAG, MICRO M-B

NEWSTUFF-NISSAN SPORTSTER, NEXT NEON, SMALL JAG, MICRO M-B

NEWSTUFF-NISSAN SPORTSTER, NEXT NEON, SMALL JAG, MICRO M-B ... Continue reading

Porsche U.S. Sales Up 134 Percent In August 1998

Porsche U.S. Sales Up 134 Percent In August 1998

Porsche Cars North America, importer and distributor of Porsche sports cars in the United States, announced sales and stock figures for the month of August 1998. ... Continue reading

Racin' Fest Opens Midget & Sprint Car Triple-Header

Racin' Fest Opens Midget & Sprint Car Triple-Header

Racin' Fest Opens Midget & Sprint Car Triple-Header ... Continue reading

RUSSELL: McQuarrie Wins Twice in USAC Formula Russell Championship Weekend

RUSSELL: McQuarrie Wins Twice in USAC Formula Russell Championship Weekend

RUSSELL: McQuarrie Wins Twice in USAC Formula Russell Championship Weekend ... Continue reading

School Children and Dangerous Intersections Can Be Deadly Mix

School Children and Dangerous Intersections Can Be Deadly Mix

As children head back to school, the Automobile Club of Southern California reminds motorists and parents to use extra caution and practice safe driving habits when transporting children or driving near schools or busy intersections. ... Continue reading

SDRC Sponsors 1998 N. American Metaphase User Conference

SDRC Sponsors 1998 N. American Metaphase User Conference

Structural Dynamics Research Corporation, the worldwide PDM market leader, kicked off its 1998 North American Metaphase(R) User Conference in Las Vegas. ... Continue reading

S&P: Hyundai Semiconductor America Stays on CreditWatch Negative

S&P: Hyundai Semiconductor America Stays on CreditWatch Negative

Standard & Poor's announced that its single-'B' long-term debt rating of Hyundai Semiconductor America Inc. (HSA) would remain on CreditWatch with negative implications, where it was placed on Dec. 9, 1997. ... Continue reading

Standard Motor Products Closes Phase I of Service Line Divestiture

Standard Motor Products Closes Phase I of Service Line Divestiture

Standard Motor Products, Inc., automotive replacement parts manufacturer and distributor announced that it has completed the initial and most significant phase of the sale of its Service Line Business to R&B, Inc. ... Continue reading

Tesma Continues U.S. Expansion

Tesma Continues U.S. Expansion

Tesma International Inc. announced that it has entered into an agreement to acquire the Triam Sterling Heights powertrain facility from Magna International Inc. for a purchase price of $36 million. ... Continue reading

Textron Makes Offer for David Brown Group plc

Textron Makes Offer for David Brown Group plc

Textron Inc. and David Brown Group plc of the United Kingdom announced an issued capital stock of David Brown for approximately $326 agreement on the terms of Textron's offer to acquire the entire million, plus the assumption of debt. ... Continue reading

There's Nothing 'Average' About Mustang or its Buyers

There's Nothing 'Average' About Mustang or its Buyers

The Ford Mustang for 1999, unveiled to members of the Mustang Club of America, has the looks, performance, heritage and price that appeal to a broad range of customers, according to Jim O'Connor, Ford vice president and president of Ford Division. ... Continue reading

Three of Four Floridians See Other Drivers Run Red Lights

Three of Four Floridians See Other Drivers Run Red Lights

Three of four Floridians see other drivers run red lights almost every day, according to a survey released to kick off National Stop on Red Week. ... Continue reading

Tower Automotive, Inc. Announces Dividend

Tower Automotive, Inc. Announces Dividend

Tower Automotive, Inc. announced that a dividend of $1.05 per share will be paid on the 6 3/4% trust convertible preferred securities issued by the Tower Automotive Capital Trust. ... Continue reading

Ugly Duckling Announces Increase in Revolving Credit Facility

Ugly Duckling Announces Increase in Revolving Credit Facility

Ugly Duckling Corporation announced approval from GE Capital to increase the Company's Revolving Credit Facility from $100 million to $125 million and to expand the facility's terms to allow the Company to borrow against its used car inventory. ... Continue reading

Ultra Shield Accepts Working Capital Funding

Ultra Shield Accepts Working Capital Funding

Ultra Shield Products International Inc. accepted the first of three tranches in a working capital funding package. ... Continue reading

United Recyclers Group Appoint New President

United Recyclers Group Appoint New President

The Board of Managers of United Recyclers Group, LLC is pleased to announce the appointment of Jay Raimondi, as the President of URG. United Recyclers Group, LLC is a recently formed partnership of over 360 premier auto recyclers in North America. ... Continue reading

USRRC: Visteon Panoz Racing Team Clinches Championship

USRRC: Visteon Panoz Racing Team Clinches Championship

USRRC: Visteon Panoz Racing Team Clinches Championship ... 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 289,649 units this week, down from the 338,167 cars and trucks built a week ago, according to Ward's Automotive Reports. ... Continue reading

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