Wednesday, December 23, 1998

AAA Top Car Award Goes To 11 Vehicles

After evaluating more than 180 models for the 1999 AAA Autograph (R) Book, AAA has given its Top Car Award to vehicles in 11 different classes. ... Continue reading

AAMA Announces World-Wide Fuel Charter

Fuel blended in accordance with a new "World-Wide Fuel Charter" established by the world's leading motor vehicle manufacturers will result in improved gasoline and diesel fuel quality to the benefit of consumers and the environment alike. ... Continue reading

Algoma Steel Inc.'s New Plate Heat Treat Furnace

In December 1997, the expansion of Algoma Steel Inc.'s Plate Heat Treat Facility was approved by Algoma's Board of Directors. This 12.5 million dollar facility was originally scheduled for completion in Quarter 2, 1999. ... Continue reading

All-New Acura 3.2TL Honored With Buyer's Awards

The all-new Acura 3.2TL has quickly established a new benchmark in the midluxury category and now is being recognized with two automotive industry best car awards: AAA's "Top Car" award and Consumers Digest "Best Buy" award. ... Continue reading

Auto Club, CHP Encourage Young Motorists to Drive Safe and Sober

Young drivers and alcohol can be a deadly mix over the holidays, according to the Automobile Club of Southern California and the California Highway Patrol. ... Continue reading

Autoliv Outsources Plastics Components

Autoliv Inc. has decided to sell its plastic production operations in Sweden to Dynoplast group, a Norwegian specialist in the development and manufacture of plastics components and systems for the automotive and electronics industries. ... Continue reading

CTS Set to Acquire Component Business From Motorola

Motorola, Inc. and CTS Corporation announced that the companies have signed the definitive agreements by which CTS will acquire the Component Products Division (CPD) of Motorola's Automotive, Component, Computer and Energy Sector (ACCES). ... Continue reading

DaimlerChrysler Reports Assembly Plant Schedule for Week of Jan 4, 1998

DaimlerChrysler Corporation reports eight of its nine U.S. assembly plants and all three Canadian assembly plants will operate the week of January 4, 1999. ... Continue reading

Delphi Automotive Systems Nominates McLaughlin to Board of Directors

Delphi Automotive Systems announced that Susan A. McLaughlin, 46, has been nominated to the board of directors. ... Continue reading

Excelsior-Henderson Motorcycle Manufacturing Co Announces Loan

Excelsior-Henderson Motorcycle Manufacturing Company announced that it has entered into a $5 million working capital loan agreement with Dakota Bank, Mendota Heights, Minn. ... Continue reading

Exclusive Live TV on the Net Broadcasts from L.A. and Detroit Auto Shows

AUTO CENTRAL, DECEMBER 21, 1998 - Once again, automobile shoppers and enthusiasts all over the world will be able to watch complete live coverage of the Greater Los Angeles Auto Show and the North American International Auto Show. ... Continue reading

Federal-Mogul Strengthens European Sealing Operations with Acquisition

Federal-Mogul Corporation announced that it has agreed to acquire Glockler Dichtsysteme Gunter Hemmrich GmbH,manufacturer of rubber sealing components and acoustic decoupling for inter alia valve covers, intake manifolds and oil pans. ... Continue reading

Freudenberg and NOK Group Expands Sealing Capabilities

Freudenberg & Co. of has agreed to purchase an interest of specialized gasket-maker Meillor S.A. -- expanding the Freudenberg and NOK Group's ability to serve global automakers with total powertrain sealing capabilities. ... Continue reading

IHRA: Scott Weney Proves Himself To Be Versatile Driver

IHRA: Scott Weney Proves Himself To Be Versatile Driver ... Continue reading

IPSCO Inc. - Subsidiary Selects Site for State-of-the-Art Steelworks

IPSCO Enterprises Inc. announced that its steelmaking subsidiary, IPSCO Steel Inc., has selected Mobile County, Alabama as the site for a new state-of-the-art 1,250,000 ton steelworks which will use steel scrap as its primary raw material. ... Continue reading

Kyle Seymour Elected a UNOVA Corporate Vice President

Kyle H. Seymour has been elected a Corporate Vice President of UNOVA, Inc. by the industrial technologies company's Board of Directors, effective immediately. ... Continue reading

Leather Interiors from Eagle Ottawa Bring Fresh Look to 1999 Models

Automotive interior styles and colors are getting more interesting in 1999 as technologies and innovation help bring new and exciting changes to beige and gray, the color standbys in automotive upholstery. ... Continue reading

Mack Partners with Oshkosh Truck

Mack Trucks, Inc. and Oshkosh Truck Corporation announced a partnership agreement that will allow each company to offer a new generation of Mack front-discharge concrete mixers featuring leading-edge technologies. ... Continue reading

Mannesmann Sachs Gains Turkish Partner

Mannesmann Sachs, one of the world's leading automotive parts suppliers, and the leading Turkish shock absorber manufacturer Beldesan will form a joint venture in Turkey as of January 1, 1999. ... Continue reading

NASCAR WCUP: The Times They Are a'Changin'

NASCAR WCUP: The Times They Are a'Changin' ... Continue reading

Nissan Plans Huge Presence at '99 Detroit Auto Show

Nissan North America, Inc. is gearing up to play a huge role in the 1999 North American International Auto Show with the worldwide debut of the Nissan Xterra sport-utility vehicle and the unveilings of two eye-catching concept vehicles. ... Continue reading

Noble Intl. Announces Discounted Prepayment Of Series Subordinated Notes

Noble International, Ltd. announced that it has entered into an agreement with DCT, Inc. and John K. Baysore for the discounted prepayment of the series subordinated notes delivered to them in connection with the acquisition of Noble Metal Processing. ... Continue reading

Panoz To Announce New Aluminum Modular-Frame Convertible

The Panoz Esperante will be officially introduced at the 1999 North American International Auto Show. The Esperante is a showcase for advanced technology that will bring aluminum vehicles into the mainstream for the 21st century. ... Continue reading

Pep Boys To Commence Tender Offer For Shares Of Its Common Stock

The Pep Boys-Manny, Moe & Jack announced that it will commence a "Dutch Auction" issuer tender offer to purchase for cash up to 10,000,000 shares of its issued and outstanding common stock, par value $1.00 per share. ... Continue reading

Prab Reports 1998 Results

Prab Inc. reports sales of $18,237,000 and a net profit of $921,000 for the year ended Oct. 31, 1998. ... Continue reading

RailAmerica Subsidiary Awarded $5.2 Million in New Trailer Orders

RailAmerica, Inc. announced that its wholly-owned specialty truck trailer manufacturing subsidiary, Kalyn/Siebert, Inc. (KSI), was awarded a new order for tactical van trailers valued at approximately $5.2 million. ... Continue reading

RAVE Announces New Credit Facility

Rankin Automotive Group, Inc. d/b/a USA AUTO STORES announced hat Heller Corporate Finance has approved a new credit facility of $25 million for the Company and has agreed to act as agent to place up to an additional $23 million of indebtedness. ... Continue reading

Saab 9-5 Wagon Named One Of Top 11 Cars For 1999 By AAA

The 1999 Saab 9-5 Wagon has been selected as one of the top vehicle choices for 1999 by the American Automobile Association (AAA). ... Continue reading

Standard Motor Products, Inc. Announces Stock Repurchase

Standard Motor Products, Inc., automotive replacement parts manufacturer and distributor, announced that its Board of Directors approved a share repurchase of 300,000 shares of the Company's Common Stock. ... Continue reading

Titan Motorcycle of America Begins Trading on Nasdaq Smallcap

Frank Keery, CEO of Titan Motorcycle Co. of America, announced that the common stock of the company has begun trading on the Nasdaq SmallCap under the symbol "TMOT". ... Continue reading

TRW To Acquire Assets of Woo Jin Co. Ltd.

TRW Inc. announced that it has reached agreement to acquire the principal assets of Woo Jin Co. Ltd., a leading supplier of automotive interior and exterior plastic products located in Ulsan, Korea. ... Continue reading

Ugly Duckling Corp. Announces Completion of Supplemental Exchange Offer

Ugly Duckling Corp. announced the completion of its supplemental exchange offer, which expired yesterday as scheduled. ... Continue reading