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December 1998

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Tuesday, December 1, 1998

1999 Mustang Prices

1999 Mustang Prices

Mustang celebrates its 35th year as an American icon with a new design and prices for comparably equipped cars below 1997 model suggested retail prices, Ford Division announced today ... Continue reading

Acquisition Volume Surges

Acquisition Volume Surges

AutoBond Acceptance Corporation, listed on the Amex under the symbol ABD, is pleased to report finance contract acquisition volume of $14 million for November, 1998. ... Continue reading

Cars n' Stars: Lutz's New Book, CART's Driving School, BMW's Awards

Cars n' Stars: Lutz's New Book, CART's Driving School, BMW's Awards

Lutz's New Book, CART's Driving School, BMW's Awards ... Continue reading

CART, Action Performance Sign Licensing Agreement

CART, Action Performance Sign Licensing Agreement

CART, Action Performance Sign Licensing Agreement ... Continue reading

CART to Offer 'Sneak Preview' at Homestead

CART to Offer 'Sneak Preview' at Homestead

CART to Offer 'Sneak Preview' at Homestead ... Continue reading

Chopper Express Announces Major Logistics Contract with Ford Motor Company

Chopper Express Announces Major Logistics Contract with Ford Motor Company

Chopper Express, Inc. announces an agreement with Ford Motor Company for the provision of a major dedicated logistics operation in New Jersey ... Continue reading

Clean Diesel Technologies Closes $1.876 Million Private Placement

Clean Diesel Technologies Closes $1.876 Million Private Placement

Clean Diesel Technologies Inc. Tuesday announced that it has completed a private placement financing with a European investment group in the amount of $1.876 million against the issue of Series A Convertible Preferred Stock ... Continue reading

Copart, Inc. Reports Q1 Earnings

Copart, Inc. Reports Q1 Earnings

Copart, Inc. reported record profits for the period ended October 31, 1998. Copart earned $4,190,700 in the first quarter of fiscal 1999, generating a 35% increase in diluted earnings per share to $.31, on revenues of $30,193,100. ... Continue reading

DCR Rates FirstCity Auto Receivables Trust 1998-3

DCR Rates FirstCity Auto Receivables Trust 1998-3

Duff & Phelps Credit Rating Co. has assigned a 'AAA' rating to the 6.35 percent $60 million Class A asset-backed notes issued by FirstCity Auto Receivables Trust 1998-3. ... Continue reading

EDS Selects Unicenter TNG for Drivers and Vehicle License Agency Contract

EDS Selects Unicenter TNG for Drivers and Vehicle License Agency Contract

Computer Associates International, Inc. announced that EDS has selected Unicenter TNG as the preferred enterprise management solution for the Department of Transport's Drivers and Vehicle Licensing Agency (DVLA) in the United Kingdom ... Continue reading

Exxon and Mobil Sign Merger Agreement

Exxon and Mobil Sign Merger Agreement

Today Exxon and Mobil announced that they have reached an agreement to merge ... Continue reading

Federal-Mogul Appoints David Krohn, Vice President, Ignition Products, Worldwide

Federal-Mogul Appoints David Krohn, Vice President, Ignition Products, Worldwide

Alan C. Johnson, executive vice president, Powertrain Systems, Federal-Mogul Corporation announces the appointment of David Krohn to the position of vice president, ignition products, worldwide, effective immediately ... Continue reading

Funeral arrangements - William C. Glaub

Funeral arrangements - William C. Glaub

Funeral arrangements have been announced for the late William C. Glaub, President and Chief Executive Officer of Chrysler Canada Ltd., who died suddenly on Thursday, November 26 while vacationing in the U.S. Virgin islands. ... Continue reading

Harvard Industries Lists On Nasdaq National Market

Harvard Industries Lists On Nasdaq National Market

Harvard Industries Inc. listed its new common stock on the NASDAQ National Market system under the symbol HAVA (HAVAV on a when-issued basis). ... Continue reading

LSB Industries, Inc. Updates Status of Automotive Business Spin-Off to Shareholders

LSB Industries, Inc. Updates Status of Automotive Business Spin-Off to Shareholders

LSB Industries, Inc. disclosed today that in connection with its previously announced intention to spin-off its Automotive Business, L&S Automotive Products Company has reached an agreement in principle with a new working capital lender to provide a $20.0 million line of credit. ... Continue reading

Mike Jackson, Pres., Mercedes-Benz of NA, Adds CEO Responsibility

Mike Jackson, Pres., Mercedes-Benz of NA, Adds CEO Responsibility

Mercedes-Benz of North America, Inc. announced that Mike Jackson, currently president of MBNA, has assumed the additional responsibilities of chief executive officer. ... Continue reading

National Technical Systems Engineering & Evaluation Group Wins Contract

National Technical Systems Engineering & Evaluation Group Wins Contract

National Technical Systems Inc. announced that its recently formed Engineering & Evaluation Group has been awarded a contract for dynamometer testing of drive-line components from a major domestic automobile manufacturer. ... Continue reading

Safelite Glass Corp. Extends Expiration Date for Exchange Offer

Safelite Glass Corp. Extends Expiration Date for Exchange Offer

SAFELITE GLASS CORP. announced that it has extended the Expiration Date until 5:00 p.m., New York City time, on Dec 14, 1998, for its Offer to Exchange $1,000 in Principle Amount of 9- 7/8% Series B Senior Subordinated Notes Due 2006. ... Continue reading

SCCA: Ten Venues Set for '99 BF Goodrich Trans-Am Series

SCCA: Ten Venues Set for '99 BF Goodrich Trans-Am Series

SCCA: Ten Venues Set for '99 BF Goodrich Trans-Am Series ... Continue reading

Simpson Industries Announces Workforce Reduction

Simpson Industries Announces Workforce Reduction

Simpson Industries, Inc. announced today that it will reduce its worldwide salary workforce by approximately 10% through position eliminations, retirements and organizational changes. ... Continue reading

SMC Corporation Appoints New Chief Financial Officer

SMC Corporation Appoints New Chief Financial Officer

SMC Corporation today announced the appointment of William L. Rich to the position of Chief Financial Officer (CFO) ... Continue reading

Spartan Motors Introduces Summit Series Motorhome Chassis

Spartan Motors Introduces Summit Series Motorhome Chassis

Custom chassis maker Spartan Motors, Inc. is unveiling the RV market's only entry-level, rear-engine diesel chassis at the industry's biggest trade show this week. ... Continue reading

Sprints: ALLSTAR Season Wrap Up

Sprints: ALLSTAR Season Wrap Up

Sprints: ALLSTAR Season Wrap Up ... Continue reading

The Bullhide Liner Corp. Announces License Agreement With Sears, Roebuck and Co.

The Bullhide Liner Corp. Announces License Agreement With Sears, Roebuck and Co.

The Bullhide Liner Corp. announced Tuesday that it has signed a one year License Agreement with Sears, Roebuck and Co. ... Continue reading

The Hartford Offers Its Omni Automobile Program in Michigan

The Hartford Offers Its Omni Automobile Program in Michigan

The Hartford Financial Services Group Inc. announced that it is now writing non-standard auto insurance in Michigan. The Hartford's Omni Automobile Program, available in 18 states, covers higher-risk drivers and vehicles. ... Continue reading

Two Participants Selected for Volvo Training Program

Two Participants Selected for Volvo Training Program

Lisa Young of Toronto and Joakim Johncke of New York have been selected to represent Volvo Cars of North America in the 1999 Volvo Global Management Development Program. ... Continue reading

United Road Services, Inc. Expands its National Operations

United Road Services, Inc. Expands its National Operations

United Road Services, Inc. announced it has acquired a vehicle transport company and a towing company, and has signed definitiveagreements to acquire two other vehicle transport companies ... Continue reading

USAC: Leffler Wins National Midget Title

USAC: Leffler Wins National Midget Title

USAC: Leffler Wins National Midget Title ... Continue reading

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