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May 1999

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Monday, May 3, 1999

1-800-AutoTow(TM) Retains GMA Partners, Inc.

1-800-AutoTow(TM) Retains GMA Partners, Inc.

1-800-AutoTow(TM) announced it has retained GMA Partners, Inc., a registered NASD member firm, to provide financial advisory and investment banking services. ... Continue reading

1999 SKUSA

1999 SKUSA

1999 SKUSA North Great Lakes ... Continue reading

1999 SKUSA Cascade

1999 SKUSA Cascade

1999 SKUSA Cascade ... Continue reading

1999 SKUSA Cascade

1999 SKUSA Cascade

1999 SKUSA Cascade ... Continue reading

1999 SKUSA Florida

1999 SKUSA Florida

1999 SKUSA Florida ... Continue reading

1999 SKUSA Indianhead

1999 SKUSA Indianhead

1999 SKUSA Indianhead ... Continue reading

1999 SKUSA Liberty

1999 SKUSA Liberty

1999 SKUSA Liberty ... Continue reading

1999 Supplier Branding Study Released

1999 Supplier Branding Study Released

The Planning Edge, Inc. (TPE) and CSM Worldwide, Inc. have released the first syndicated study to fully explore the concept of supplier branding within the North American auto industry. ... Continue reading

ADCO Global, Inc. Acquires ADCO Products and Tioga International

ADCO Global, Inc. Acquires ADCO Products and Tioga International

Boyd D. Wainscott, Chairman and Chief Executive Officer of ADCO Global, Inc. announced the completion of two acquisitions. ... Continue reading

Algoma Steel Announces Results for the Quarter Ended March 31, 1999

Algoma Steel Announces Results for the Quarter Ended March 31, 1999

Algoma Steel announced its financial results for the quarter ended March 31, 1999. ... Continue reading

American Axle & Manufacturing Elects New Board Members

American Axle & Manufacturing Elects New Board Members

American Axle & Manufacturing Holdings, Inc. announces the election of two new members to its board of directors. ... Continue reading

ARS By Visteon Introduces Its First Ever Air Conditioning Components

ARS By Visteon Introduces Its First Ever Air Conditioning Components

Visteon Automotive Systems introduced its new line of aftermarket air conditioning components April 23 at the 1999 National Automotive Radiator Service Association (NARSA) Show. ... Continue reading

Autoline Detroit: GM CFO Looks to Suppliers for Further Cost Cutting

Autoline Detroit: GM CFO Looks to Suppliers for Further Cost Cutting

On the television program "Autoline Detroit" Michael Losh, the Chief Financial Officer of General Motors, said the corporation is looking for further cost reductions from supplier companies. ... Continue reading

Automakers Support Super 301 Decisions

Automakers Support Super 301 Decisions

The Automotive Trade Policy Council and its member companies support the decision to include Japan and Korea on its list of countries in which it will continue to closely monitor progress in improving access for US and other imported vehicles. ... Continue reading

Automotive Performance Group Arranges Private Equity Financing

Automotive Performance Group Arranges Private Equity Financing

Automotive Performance Group Inc. disclosed it has signed a letter of intent with Triumph Capital Inc., whereby Triumph will provide $40 million of private equity funds that will be utilized as part of APG's proposed acquisition of Loctite Inc.'s automotive aftermarket chemicals business. ... Continue reading

Baldor Electric Company Announces 2nd Quarter 1999 Dividend

Baldor Electric Company Announces 2nd Quarter 1999 Dividend

Baldor Electric Company markets, designs, and manufactures electric motors and drives and is based in Fort Smith, Arkansas. ... Continue reading

BancBoston Robertson Stephens Reiterates Buy Rating

BancBoston Robertson Stephens Reiterates Buy Rating

BancBoston Robertson Stephens senior automobile services analyst Jordan Hymowitz reiterated his Buy rating on Sonic Automotive, Inc. ... Continue reading

Budget Signs Agreement With Associates First Capital Unit

Budget Signs Agreement With Associates First Capital Unit

Budget Rent a Car Corporation announced an agreement with United States Auto Club, Motoring Division to provide Roadside Care to Budget car rental customers throughout the United States. ... Continue reading

Bullhide Liner Continues to Expand the Market for Industrial Flooring

Bullhide Liner Continues to Expand the Market for Industrial Flooring

The Bullhide Liner Corporation's application center in Pueblo, Colorado, Southern Colorado Bullhide, announced that it has been selected to spray its non-skid Bullhide 2000 coating on a 2000 square foot area at the Pueblo Zoo in early May 1999. ... Continue reading

Car Manufacturers Meet EPA Emissions Regulations

Car Manufacturers Meet EPA Emissions Regulations

Over the last 20 years, car makers have relied upon a broad range of technologies to produce engines that meet new EPA emission regulations. ... Continue reading

CarMax Acquires Chrysler-Plymouth-Jeep And Dodge New-Car Franchises

CarMax Acquires Chrysler-Plymouth-Jeep And Dodge New-Car Franchises

The CarMax subsidiary of Circuit City Stores, Inc. announced that it has completed the acquisition of two new-car franchises, Prince Chrysler Jeep Eagle Company and LAX Dodge, Inc., located in the Los Angeles market. ... Continue reading

CART: Montoya Wins Two-In-A-Row

CART: Montoya Wins Two-In-A-Row

CART: Montoya Wins Two-In-A-Row ... Continue reading

CCC's Glendale Office Again Plays Host to I-CAR Training Courses

CCC's Glendale Office Again Plays Host to I-CAR Training Courses

Extending its support for the collision repair industry, CCC Information Services Inc. announced that it will again play host to I-CAR (Inter-Industry Conference on Auto Collision Repair) certification training classes this spring. ... Continue reading

DCR Rates $250 Million Rental Car Finance Corp.

DCR Rates $250 Million Rental Car Finance Corp.

Duff & Phelps Credit Rating Co. (DCR) has assigned a 'AAA' rating to the Class A notes, 'AA' rating to the Class B notes, 'A' to the Class C notes, and 'BBB' to the Class D notes issued by Rental Car Finance Corp. ... Continue reading

Dealerships Add Technicians, Still Seek More, NADA Says

Dealerships Add Technicians, Still Seek More, NADA Says

Attracting service technicians continued to be an important issue for franchised new-car and -truck dealers in 1998, as dealers nationwide hired 900 additional technicians, but handled approximately 1 million more repair orders than in 1997. ... Continue reading

Delphi Automotive Systems Earns GM Worldwide Supplier Award

Delphi Automotive Systems Earns GM Worldwide Supplier Award

Delphi Delco Electronics Systems was recently named one of General Motors top suppliers and received the GM Supplier-of- the-Year award for performance in 1998. ... Continue reading

Delphi Creates, Defends Intellectual Property Through Delphi Technologies, Inc.

Delphi Creates, Defends Intellectual Property Through Delphi Technologies, Inc.

Delphi Automotive Systems has launched a new subsidiary, Delphi Technologies, Inc. The company will create, manage, protect and leverage Delphi intellectual property (IP), including patents, trademarks, copyrights, software and trade secrets. ... Continue reading

Dow Automotive Wins Structural Plastics '99 Award

Dow Automotive Wins Structural Plastics '99 Award

The Society of the Plastics Industry, Inc. (SPI) has recognized Dow Automotive, General Motors and Decoma International with the transportation category award at its 27th Annual Conference and New Product Design Competition. ... Continue reading

Drag Racing Tonight

Drag Racing Tonight

Drag Racing Tonight ... Continue reading

DynaMotive Appoints Andrew Kingston as President & CEO

DynaMotive Appoints Andrew Kingston as President & CEO

DynaMotive Technologies Corporation announced that the Board has appointed Andrew Kingston as the Company's new President and Chief Executive Officer effective April 30, 1999. ... Continue reading

EPA's Proposed Rule on Tier II Standards and Reduced Sulfur in Gas

EPA's Proposed Rule on Tier II Standards and Reduced Sulfur in Gas

"The AIAM and its member companies are encouraged by the EPA's recognition that motor vehicle emissions and fuel quality controls must work together as a system to bring about significant and lasting emissions reductions." ... Continue reading

Excelsior-Henderson Announces the Sale of $10 Million of Stock

Excelsior-Henderson Announces the Sale of $10 Million of Stock

Excelsior-Henderson Motorcycle Manufacturing Company announced the closing of a private placement of $10 million of Series D Convertible Preferred Stock with two institutional investors. ... Continue reading

Excelsior-Henderson Roars Into Laughlin

Excelsior-Henderson Roars Into Laughlin

Excelsior-Henderson raised some serious dust by bringing in a stampede of 1999 Super X(TM) heavyweight cruisers. ... Continue reading

Federal-Mogul Honored by Toyota for Excellent Delivery Peformance

Federal-Mogul Honored by Toyota for Excellent Delivery Peformance

Federal-Mogul Corporation has earned Excellent Delivery Performance Awards from Toyota Motor Manufacturing North America, Inc. ... Continue reading

Federal-Mogul Named Jasper Preferred Partner

Federal-Mogul Named Jasper Preferred Partner

Federal-Mogul Corporation's Malden, Missouri, facility was named a Preferred Partner by Jasper Engines & Transmissions, one of the nation's leading remanufacturers of drivetrain components, and one of Federal-Mogul's largest customers. ... Continue reading

Formula One: San Marino Post Race Quotes, David Coulthard

Formula One: San Marino Post Race Quotes, David Coulthard

Formula One: San Marino Post Race Quotes, David Coulthard ... Continue reading

Formula One: San Marino Post Race Quotes, Michael Schumacher

Formula One: San Marino Post Race Quotes, Michael Schumacher

Formula One: San Marino Post Race Quotes, Michael Schumacher ... Continue reading

Formula One: San Marino Post Race Quotes, Rubens Barrichello

Formula One: San Marino Post Race Quotes, Rubens Barrichello

Formula One: San Marino Post Race Quotes, Rubens Barrichello ... Continue reading

Formula One: Schumacher breaks through for first win of '99 before Ferrari faithful

Formula One: Schumacher breaks through for first win of '99 before Ferrari faithful

Formula One: Schumacher breaks through for first win of '99 before Ferrari faithful ... Continue reading

Functional Fluids Aftermarket Participants Utilize Key Strategies

Functional Fluids Aftermarket Participants Utilize Key Strategies

Vehicle population growth, the aging vehicle population, an increasing number of miles driven annually per vehicle and a strong United States economy are a few of the drivers of the aftermarket for automotive functional fluids. ... Continue reading

Glas-Aire Industries Group Ltd. Announces Record Earnings

Glas-Aire Industries Group Ltd. Announces Record Earnings

Glas-Aire Industries Group Ltd. announced a record 47.8% increase in per share earnings for the year ended January 31, 1999. ... Continue reading

GreenMan Technologies Increases Capacity in Its Jackson, Ga., Facility

GreenMan Technologies Increases Capacity in Its Jackson, Ga., Facility

GreenMan Technologies Inc. reported that its Ga.-based subsidiary, GreenMan Technologies of Georgia Inc., has increased production capacity by over 40 percent at its Jackson facility. ... Continue reading

Hematite Wins GM Supplier of the Year Honor

Hematite Wins GM Supplier of the Year Honor

General Motors announced that Hematite Automotive Products is one of its 1998 Suppliers of the Year. ... Continue reading

iFleet: New Name Reflects Company's Expanded Service Offerings

iFleet: New Name Reflects Company's Expanded Service Offerings

Effective April 30, Mobile Security Communications changed its name to iFleet, Inc. The change reflects the company's growing position as the leading provider of information technology and outsourcing services to commercial and automotive fleets. ... Continue reading

IRL: VisionAire 500 Tradgedy Update

IRL: VisionAire 500 Tradgedy Update

IRL: VisionAire 500 Tradgedy Update ... Continue reading

Johnson Controls is Among Best Global Suppliers to GM

Johnson Controls is Among Best Global Suppliers to GM

For the fourth year in a row, Johnson Controls -- a leader in designing, engineering and manufacturing vehicle interior systems -- has been named a General Motors "Supplier of the Year." ... Continue reading

Johnstown America to Acquire Additional Foundry Capacity

Johnstown America to Acquire Additional Foundry Capacity

Johnstown America Industries, Inc. announced that its Gunite Corporation subsidiary has signed a definitive agreement to acquire EMI Company from Hitachi Metals America, Ltd. ... Continue reading

MascoTech, Inc. Announces First Quarter Results

MascoTech, Inc. Announces First Quarter Results

MascoTech sales for the first quarter 1999, aided by acquisitions, increased 12 percent to $449 million from $401 million in 1998. ... Continue reading

Mercedes-Benz Starmark Pre-Owned Vehicle Program

Mercedes-Benz Starmark Pre-Owned Vehicle Program

Mercedes-Benz USA, Inc. announced that its new comprehensive factory-backed certified vehicle program called Starmark -- which covers previously owned vehicles with a warranty of up to 100,000 miles -- is now available in all 50 states. ... Continue reading

Michigan Safety Patroller Wins AAA National's Lifesaving Medal

Michigan Safety Patroller Wins AAA National's Lifesaving Medal

Michael T. Wiltsie, a 13-year-old sixth-grader at Ganiard Elementary School in Mount Pleasant, will be in the national spotlight Tuesday (May 4), when he receives the AAA School Safety Patrol Lifesaving Medal. ... Continue reading

NASCAR WCUP: Bill Elliott Post Race Quotes, California 500

NASCAR WCUP: Bill Elliott Post Race Quotes, California 500

NASCAR WCUP: Bill Elliott Post Race Quotes, California 500 ... Continue reading

NASCAR WCUP: California hands Michael Waltrip a tough afternoon

NASCAR WCUP: California hands Michael Waltrip a tough afternoon

NASCAR WCUP: California hands Michael Waltrip a tough afternoon ... Continue reading

NASCAR WCUP: Dale Jarrett Post Race Quotes, California 500

NASCAR WCUP: Dale Jarrett Post Race Quotes, California 500

NASCAR WCUP: Dale Jarrett Post Race Quotes, California 500 ... Continue reading

NASCAR WCUP: Jeff Burton Post Race Quotes, California 500

NASCAR WCUP: Jeff Burton Post Race Quotes, California 500

NASCAR WCUP: Jeff Burton Post Race Quotes, California 500 ... Continue reading

NASCAR WCUP: Rusty Wallace Post Race Quotes, California 500

NASCAR WCUP: Rusty Wallace Post Race Quotes, California 500

NASCAR WCUP: Rusty Wallace Post Race Quotes, California 500 ... Continue reading

New Technologies Cause Automotive Sensor Markets to Thrive

New Technologies Cause Automotive Sensor Markets to Thrive

Vehicles contained few sensors before the electronics revolution. But the increasing need to reduce emissions, improve fuel economy and enhance safety has driven the market for automotive sensors in electronic systems. ... Continue reading

O & S America Announces Personnel Appointments

O & S America Announces Personnel Appointments

0 & S America LLC, a chassis and steering components minority supplier for the agricultural, military and heavy industrial equipment vehicle markets, announced the following personnel appointments, effective May 1, 1999. ... Continue reading

Pennzoil-Quaker State Reports First Quarter 1999 Results

Pennzoil-Quaker State Reports First Quarter 1999 Results

Pennzoil-Quaker State Company announced first quarter 1999 net income before nonrecurring charges of $7.6 million, or 10 cents per basic share, compared to recurring net income of $0.6 million, or 1 cent per basic share, for the same period in 1998. ... Continue reading

QAD Enhances Enterprise Solution

QAD Enhances Enterprise Solution

Supply-chain-enabled enterprise software developer QAD announced a new software bundle created through collaboration with its Automotive Development Group members that is now being implemented by Johnson Controls, Camcar Textron and MascoTech. ... Continue reading

Safelite Glass Corp. Reports Q4 and Year Ended April 3, 1999 Results

Safelite Glass Corp. Reports Q4 and Year Ended April 3, 1999 Results

Safelite Glass Corp., a leader in the automotive glass replacement and repair industry, reported the results for its fourth quarter and year ended April 3, 1999. ... Continue reading

Secretary Slater, CART Chairman Craig Announce Joint Safety Initiative

Secretary Slater, CART Chairman Craig Announce Joint Safety Initiative

U.S. Transportation Secretary and Championship Auto Racing Teams Chairman and CEO Andrew Craig announced a joint initiative that will deliver safety messages to the American public. ... Continue reading

Smithers, TANA Join Forces to Train Tire Dealers, Manufacturers

Smithers, TANA Join Forces to Train Tire Dealers, Manufacturers

Smithers Scientific Services, Inc. and the Tire Association of North America have signed an agreement to provide a comprehensive training program for tire dealers and tire manufacturers. ... Continue reading

SPX Corporation Increases 1999 EPS Guidance to $5.00 per Share

SPX Corporation Increases 1999 EPS Guidance to $5.00 per Share

SPX Corporation announced that it is increasing its earnings per share guidance for 1999 from $4.90 to $5.00 per share before unusual items. ... Continue reading

Starcraft Reports Profit in Second Quarter On 29% Revenue Increase

Starcraft Reports Profit in Second Quarter On 29% Revenue Increase

Starcraft Corporation announced the Company turned to profitability in the second quarter of fiscal 1999, ended March 29, 1999, reporting a profit of $122,000 or $0.03 per share on sales of $18.6 million. ... Continue reading

Textron Automotive Announces Acquisition of Bates Technologies, Inc.

Textron Automotive Announces Acquisition of Bates Technologies, Inc.

Textron Automotive Company Inc. announced the acquisition of Bates Technologies, Inc., a $5 million-in-sales manufacturer and distributor of after-market honing products. Terms were not disclosed. ... Continue reading

The Auxer Group, Inc. Announces Sponsor of National Hot Rod Association

The Auxer Group, Inc. Announces Sponsor of National Hot Rod Association

The Auxer Group, Inc. announced its sponsored National Hot Rod Association (NHRA) Drag Racing Team will be competing April 28 - May 2 at Virginia Motorsport Park, Dinwiddle, VA a national points race. ... Continue reading

Today's Cars Log More Miles Between Oil Changes

Today's Cars Log More Miles Between Oil Changes

Intervals between oil changes have lengthened as vehicle manufacturers have designed more trouble-free, lower- maintenance vehicles, according to Automotive Industry Status Report. ... Continue reading

Tracks: Racing at Jax Raceway Continues Despite High Winds

Tracks: Racing at Jax Raceway Continues Despite High Winds

Tracks: Racing at Jax Raceway Continues Despite High Winds ... Continue reading

Trak Auto Corporation Earnings

Trak Auto Corporation Earnings

Trak Auto Corporation announced net income for the fiscal year ended January 30, 1999 of $1,208,000, or $.20 per share, compared to a net loss of $17,673,000, or $2.99 per share, for the fiscal year ended January 31, 1998. ... Continue reading

Trilogy Partnership With Renault

Trilogy Partnership With Renault

Trilogy Software, Inc., a leading provider of sales, marketing and electronic commerce applications, announced that Renault, a leading European automobile manufacturer, has selected Trilogy's Selling Chain(R) for Automotive software. ... Continue reading

Triple-A adds Life Insurance Service to 13 Locations in Bay Area

Triple-A adds Life Insurance Service to 13 Locations in Bay Area

Triple-A announced that it has completed the rollout of life insurance services to all its offices throughout Northern California. AAA most recently added these services to the San Francisco North Bay and Peninsula regions. ... Continue reading

USAC: Indianapolis Speedrome Midget Car Race Results

USAC: Indianapolis Speedrome Midget Car Race Results

NASCAR WCUP: California hands Michael Waltrip a tough afternoon ... Continue reading

USAC: MCI WorldCom Western Midget Car Series Race Results, Madera

USAC: MCI WorldCom Western Midget Car Series Race Results, Madera

USAC: MCI WorldCom Western Midget Car Series Race Results, Madera ... Continue reading

USAC: Stoops Freightliner Sprint Car Series Race Results, Winchester

USAC: Stoops Freightliner Sprint Car Series Race Results, Winchester

USAC: Stoops Freightliner Sprint Car Series Race Results, Winchester ... Continue reading

Visteon Aftermarket Publishes New Catalogs of ARS by Visteon

Visteon Aftermarket Publishes New Catalogs of ARS by Visteon

Visteon Automotive Systems' Aftermarket Operations has produced two catalogs for its North American customers that feature ARS by Visteon products. ... Continue reading

Visteon Leading the Way as the One-Stop Source of Climate Control Needs

Visteon Leading the Way as the One-Stop Source of Climate Control Needs

The automotive aftermarket climate control industry is evolving as suppliers strive to become a one-stop source for their customers' needs, according to Bill Klehm, president of Visteon Climate Control Systems, Ltd. ... Continue reading

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