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December 1998

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Friday, December 18, 1998

AAA Suggests '12 Days of Christmas' Gift Ideas for Home and Auto Safety

AAA Suggests '12 Days of Christmas' Gift Ideas for Home and Auto Safety

Having trouble deciding on holiday gifts? You can better prepare your friends and family for emergencies, disasters and winter driving with some safe suggestions from AAA, sung to the tune of a holiday favorite, "The 12 Days of Christmas." ... Continue reading

AAA Washington: Fuel Prices Continue to Drop This Holiday Season

AAA Washington: Fuel Prices Continue to Drop This Holiday Season

Fuel prices have dropped significantly since the 1997 holiday season. Washington motorists can expect the average price of self-serve, regular unleaded gasoline to be 20 cents lower than this time last year. ... Continue reading

Algoma Steel Inc. Signs Contract

Algoma Steel Inc. Signs Contract

Algoma Steel Inc. and St. Lawrence Cement sign a Contract to construct and operate a Slag Granulator. ... Continue reading

ASA Tire Systems President Named Chairman Elect of TANA's Supplier's Group

ASA Tire Systems President Named Chairman Elect of TANA's Supplier's Group

ASA Tire Systems, an ASA Internationl Ltd. company, announced that Wayne Croswell, President of ASA Tire Systems, is the new Chairman Elect of the Supplier's Group of the Tire Association of North America (TANA). ... Continue reading

AUTO QUESTIONS AND ANSWERS FOR WEEK 03

AUTO QUESTIONS AND ANSWERS FOR WEEK 03

AUTO QUESTIONS AND ANSWERS FOR WEEK 03 ... Continue reading

Borg-Warner Automotive to Acquire Kuhlman Corporation

Borg-Warner Automotive to Acquire Kuhlman Corporation

Borg-Warner Automotive, Inc. announced that it has entered into a definitive agreement to acquire Kuhlman Corporation, a leading supplier of turbochargers and other highly engineered components for commercial vehicles, for $39 per share. ... Continue reading

Dana's Victor Reinz Wins Ford Q-1 Recognition for Valve Seals

Dana's Victor Reinz Wins Ford Q-1 Recognition for Valve Seals

Victor Reinz Valve Seals, LLC, a joint venture between the Dana Corporation and Kitco Inc., has received Ford Motor Co.'s Q-1 Award for quality and product support. ... Continue reading

Federal-Mogul Promotes Frank Garcia

Federal-Mogul Promotes Frank Garcia

Michael L. Schultz, Federal-Mogul Corporation, announces the appointment effective immediately of Frank Garcia to the position of general manager at the company's Weston international distribution center located in Florida. ... Continue reading

Fidelity Holdings to Explore Divestiture of Non-automotive Activities

Fidelity Holdings to Explore Divestiture of Non-automotive Activities

Fidelity Holdings, Inc. announced that it is exploring the possible divestiture of its non-automotive activities by way of sale, merger, consolidation or spin-off. ... Continue reading

Four American Honda Vehicles Named Consumers Digest Best Buys

Four American Honda Vehicles Named Consumers Digest Best Buys

The newly designed 1999 Honda Odyssey minivan and the all-new Acura 3.2TL are among four American Honda vehicles named Best Buys by Consumers Digest magazine. ... Continue reading

George Harding Elected Group Vice President, CTS Corporation

George Harding Elected Group Vice President, CTS Corporation

George "Bing" Harding has been elected to Group Vice President, CTS Corporation according to an announcement today by Joseph P. Walker, CTS Chairman, President and Chief Executive Officer. ... Continue reading

Holiday Travel to Hit Record High

Holiday Travel to Hit Record High

More Southern Californians are expected to fly, drive, cruise or ride to distant destinations over this Christmas/New Year's holiday than during any previous holiday period, according to the Automobile Club of Southern California. ... Continue reading

Insilco Continues European Expansion

Insilco Continues European Expansion

Insilco Holding Co. announced that it has expanded its presence in Europe with the acquisition of Martin Electronics, its second Ireland facility acquired within the past three months. ... Continue reading

Lithia Motors Clarifies its Growth Strategy

Lithia Motors Clarifies its Growth Strategy

In response to press articles reporting negotiations between Lithia Motors, Inc. and United Auto Group, Inc., Sidney B. DeBoer, stated that "No acquisition agreement exists nor are negotiations being held between the two companies." ... Continue reading

Michigan Rivet Corporation Declares Dividend

Michigan Rivet Corporation Declares Dividend

The Board of Directors of Michigan Rivet Corporation declared a regular dividend of twelve cents ($.12) per share and an extra dividend of eight cents ($.08) per share payable January 25, 1999 to Shareholders of Record as of January 4, 1999. ... Continue reading

Micropoint Moving HQ and Manufacturing Into Expanded Facilities

Micropoint Moving HQ and Manufacturing Into Expanded Facilities

Micropoint Inc. (MICP - news) has signed a five-year lease with Prudential Real Estate to establish its automotive production facility in a prime manufacturing location, near the Salt Lake City International Airport. ... Continue reading

More Ohio Nontraditional Drivers Seeing Better Auto Rates

More Ohio Nontraditional Drivers Seeing Better Auto Rates

Smashing stereotypes of what defines a responsible driver, The Hartford Financial Services Group, Inc. has introduced lower auto rates in Ohio for a broad range of drivers who have typically paid higher rates for auto insurance. ... Continue reading

NASCAR Trucks: Goodwrench Service Plus Driver Jay Sauter Stays Active

NASCAR Trucks: Goodwrench Service Plus Driver Jay Sauter Stays Active

NASCAR Trucks: Goodwrench Service Plus Driver Jay Sauter Stays Active ... Continue reading

NASCAR Trucks: Stefanik, Barfield Open Homestead Testing

NASCAR Trucks: Stefanik, Barfield Open Homestead Testing

NASCAR Trucks: Stefanik, Barfield Open Homestead Testing ... Continue reading

NASCAR WCUP: Gordon, Earnhardt, Martin Nominated For ESPYs

NASCAR WCUP: Gordon, Earnhardt, Martin Nominated For ESPYs

NASCAR WCUP: Gordon, Earnhardt, Martin Nominated For ESPYs ... Continue reading

NASCAR WCUP: Kyle Petty named True Value Man of the Year

NASCAR WCUP: Kyle Petty named True Value Man of the Year

NASCAR WCUP: Kyle Petty named True Value Man of the Year ... Continue reading

New Charges Against Budget Rent-A-Car in Class Action Suit

New Charges Against Budget Rent-A-Car in Class Action Suit

Budget Rent-A-Car, which was accused of gouging Michigan consumers in a Class Action lawsuit filed in Wayne County Circuit Court, is now charged with discriminating against minorities based on information discovered in the original suit. ... Continue reading

Noble International Names Michael R. Hottinger to Board of Directors

Noble International Names Michael R. Hottinger to Board of Directors

Noble International, Ltd. announced that Michael R. Hottinger has joined its Board of Directors to fill the vacancy created by the death of Richard J. Reason. ... Continue reading

Orbital and Texmaco Sign Manufacturing Agreement

Orbital and Texmaco Sign Manufacturing Agreement

PT Texmaco Perkasa Engineering Tbk., a company incorporated in the Republic of Indonesia, announced its decision to license from the Orbital Engine Corp the rights to manufacture a range of Orbital Combustion Process two-stroke engines. ... Continue reading

Philip G. Semprevio Elected Group Vice President, CTS Corporation

Philip G. Semprevio Elected Group Vice President, CTS Corporation

Philip G. Semprevio has been elected Group Vice President, CTS Corporation according to an announcement today by Joseph P. Walker, CTS Chairman, President and Chief Executive Officer. ... Continue reading

SmarTire Systems Announces Nasdaq Listing

SmarTire Systems Announces Nasdaq Listing

SmarTire Systems Inc. announced that the Company is now listed for trading on The Nasdaq SmallCap Market. It will now trade under the ticker symbol "SMTRF". ... Continue reading

Sonic Automotive, Inc. Expands Acquisition Credit Facility

Sonic Automotive, Inc. Expands Acquisition Credit Facility

Sonic Automotive, Inc. announced that availability under its Credit Facility with Ford Motor Credit has been increased from $75 million to $100 million. The term of the Credit Facility was also extended through the end of the year 2000. ... Continue reading

Todd Rumsey Named Director, Information Systems, CTS Corporation

Todd Rumsey Named Director, Information Systems, CTS Corporation

Todd Rumsey has been named Director, Information Systems, CTS Corporation according to an announcement today by Timothy J. Cunningham, Chief Financial Officer. ... Continue reading

Toymax Inc. Honored for Innovative Products by GM

Toymax Inc. Honored for Innovative Products by GM

Toymax Inc., a wholly-owned subsidiary of Toymax International, was recently honored by General Motors Chevrolet Motor Division for its Mighty Mo's(TM) Infrared Vehicles. ... Continue reading

Toyota Announces Site For $85 Million Midwest Parts Center

Toyota Announces Site For $85 Million Midwest Parts Center

Toyota Motor Sales, U.S.A., Inc. announced the site selected for an $85-million, 843,000-square-foot Midwest Parts Center (MPC) to be located in the Greater Cincinnati/Northern Kentucky area. ... Continue reading

Warrantech Corporation in Agreement With Sempra Energy Solutions

Warrantech Corporation in Agreement With Sempra Energy Solutions

Warrantech Corporation announced an agreement with Sempra Energy Solutions, a subsidiary of Sempra Energy, to market home service contracts. ... Continue reading

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