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July 1999

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Thursday, July 15, 1999

A Guide to International Drivers' Permits From the Auto Club

A Guide to International Drivers' Permits From the Auto Club

International travelers should familiarize themselves with the driving requirements of their destination countries before they depart, and be wary of Internet sites claiming to sell international drivers' permits. ... Continue reading

Arvin Declares Cash Dividend

Arvin Declares Cash Dividend

The Board of Directors of Arvin Industries, Inc. declared a quarterly cash dividend in the amount of 21 cents per Common Share, payable September 30, 1999, to shareholders of record as of the close of business on September 3, 1999. ... Continue reading

ASV Added to Russell 2000(R) Index of Small Cap Companies

ASV Added to Russell 2000(R) Index of Small Cap Companies

ASV, Inc. announced that its common stock will be included in the Russell 2000 and Russell 3000 stock indexes for the first time. ... Continue reading

Auto Europe Reduces Rates on All Mercedes by 20%

Auto Europe Reduces Rates on All Mercedes by 20%

Auto Europe is reducing rates 20% on all Mercedes rentals in Europe. The offer is valid for reservations made by August 31 for travel through December 31, 1999. As an added bonus, included is one week's free cell phone rental. ... Continue reading

AutoNation Becomes Official Sponsor of NFL, Super Bowl XXXIV

AutoNation Becomes Official Sponsor of NFL, Super Bowl XXXIV

AutoNation, Inc., the world's largest automotive retailer, announced it will be an official, first-time sponsor of the National Football League and of Super Bowl XXXIV in Atlanta on January 30, 2000. ... Continue reading

Avis Announces Promotion of Lawrence E. Kinder to Chief Information Officer

Avis Announces Promotion of Lawrence E. Kinder to Chief Information Officer

Avis Rent A Car, Inc. announced that it has promoted Lawrence E. Kinder to the position of Chief Information Officer. ... Continue reading

Avis Rent A Car, Inc. Reports Record Second Quarter 1999 Operating Results

Avis Rent A Car, Inc. Reports Record Second Quarter 1999 Operating Results

Avis Rent A Car, Inc. reported record results for the quarter ended June 30, 1999. ... Continue reading

Bikers Dream Announces New Executive Hires

Bikers Dream Announces New Executive Hires

Bikers Dream Inc. announced two new executive employees filling key positions that had been vacant. ... Continue reading

BMW Team PTG fields four M3s

BMW Team PTG fields four M3s

BMW Team PTG fields four M3s ... Continue reading

Budget Rent A Car and Vipre Launch Commuter Program

Budget Rent A Car and Vipre Launch Commuter Program

Budget Rent a Car International, Inc. and Vipre, both subsidiaries of Budget Group, Inc., have teamed up in the UK to launch a new commuter vanpool program, commonly referred to as driveshare in the UK. ... Continue reading

Car Buying CyberShoppers Still Value Dealer Relationship

Car Buying CyberShoppers Still Value Dealer Relationship

While 83% of American Internet users who are likely to purchase a vehicle in the next year plan to go online to gather info prior to making their next automotive purchase, consumers still value certain aspect of their dealer relationship. ... Continue reading

Carlisle Companies Reports A Record Second Quarter

Carlisle Companies Reports A Record Second Quarter

Carlisle Companies Inc reported record earnings of $28 million, or diluted earnings per share of $.91, for its second quarter ending June 30, 1999, an increase of 14 percent over 1998 earnings of $25 million, or diluted earnings per share of $.80. ... Continue reading

CASCAR: CASCAR takes to the streets of Toronto for the Miller Lite 100

CASCAR: CASCAR takes to the streets of Toronto for the Miller Lite 100

CASCAR Castrol Super Series / Miller Lite 100 at the Toronto Molson Indy ... Continue reading

Cummins Reports Record Sales and Operating Profit; $1.50 Per Share Net Earnings

Cummins Reports Record Sales and Operating Profit; $1.50 Per Share Net Earnings

Cummins Engine Co. Inc. reported record second-quarter earnings before interest and taxes of $103 million, on record sales of $1.67 billion. ... Continue reading

Delphi Elects Former Chase Manhattan Chairman to Board

Delphi Elects Former Chase Manhattan Chairman to Board

Delphi Automotive Systems announced Thomas G. Labrecque, 60, has been elected to the board of directors effective immediately. ... Continue reading

F2000 Hits Season Mid-Point With Two-Week Atlanta Stretch

F2000 Hits Season Mid-Point With Two-Week Atlanta Stretch

F2000 Hits Season Mid-Point With Two-Week Atlanta Stretch ... Continue reading

Federal-Mogul Reaches Agreement to Divest Its Italian Auto Parts Distributor

Federal-Mogul Reaches Agreement to Divest Its Italian Auto Parts Distributor

Federal-Mogul Corporation announced it has entered into an agreement to sell its Italian auto parts distributor, Bertolotti Pietro & Figli S.r.l., to the Rhiag Group Ltd. ... Continue reading

Ford Purchase of APCO Nears Completion

Ford Purchase of APCO Nears Completion

Ford announced the expiration of the tender offer by Ford and its wholly owned subsidiary, AM1 Acquisition Company, for all of the outstanding shares of APCO common stock at a price of $13 a share in cash. ... Continue reading

Freudenberg-NOK Creates Vibracoustic North America

Freudenberg-NOK Creates Vibracoustic North America

Freudenberg-NOK's board of directors has approved the formation of Vibracoustic North America -- an independent, wholly owned subsidiary of Freudenberg-NOK. ... Continue reading

Freudenberg Nonwovens Says Keep the Air Inside Your Car Clean

Freudenberg Nonwovens Says Keep the Air Inside Your Car Clean

Studies show that the air inside your car may be ten times more polluted than the air outside. ... Continue reading

IRL: Eddie Cheever Plans to Heat up Atlanta

IRL: Eddie Cheever Plans to Heat up Atlanta

IRL: Eddie Cheever Plans to Heat up Atlanta ... Continue reading

Johnson Controls Has Record Third Quarter

Johnson Controls Has Record Third Quarter

Johnson Controls, Inc reported that both sales and earnings in the current quarter were records and exceeded the prior year amounts by over 30%. ... Continue reading

Johnson Controls, TeCom Alliance Announced

Johnson Controls, TeCom Alliance Announced

Johnson Controls, Inc. is expanding and extending its energy management submetering and data acquisition capabilities through an alliance with TeCom Inc. of Tampa, Fla. ... Continue reading

Lexus Ranked Number One In J.D. Power And Ass Customer Service Study

Lexus Ranked Number One In J.D. Power And Ass Customer Service Study

Although the format is new, the results are familiar as Lexus' customer focus is reflected in the latest J.D. Power and Associates study announced today. For 1999, Lexus is Number One in Customer Satisfaction with Dealer Service. ... Continue reading

Mercedes-Benz M-Class Rated as 'Best Pick' in Sport Utility Crash Tests

Mercedes-Benz M-Class Rated as 'Best Pick' in Sport Utility Crash Tests

The Mercedes-Benz M-Class has been rated a "Best Pick" among popular sport utility vehicles in a rigorous series of high- speed crash tests conducted by the Insurance Institute for Highway Safety. ... Continue reading

Midas' Second Quarter Net Income Up 9.5%

Midas' Second Quarter Net Income Up 9.5%

Midas, Inc. announced its results for the second quarter ended June 26, 1999. Net income for the quarter was $12.3 million, up 9.5% from the $11.2 million reported in 1998. Diluted earnings per share were $.72, an increase of 10.8% from $.65 last year. ... Continue reading

Mobil Confirms Major Oil Discovery in Deepwater Gulf of Mexico

Mobil Confirms Major Oil Discovery in Deepwater Gulf of Mexico

Mobil Corporation announced its domestic exploration and producing affiliate, Mobil Exploration & Producing U.S. Inc. (MEPUS), has confirmed a significant oil discovery in the deepwater Gulf of Mexico. ... Continue reading

NASCAR BGN: Hometown Hero Schrader Returns to St. Louis for BGN Race

NASCAR BGN: Hometown Hero Schrader Returns to St. Louis for BGN Race

NASCAR BGN: Hometown Hero Schrader Returns to St. Louis for BGN Race ... Continue reading

NASCAR Trucks: Joe Ruttman Set for Nazareth Fast Track

NASCAR Trucks: Joe Ruttman Set for Nazareth Fast Track

NASCAR Trucks: Joe Ruttman Set for Nazareth Fast Track ... Continue reading

NASCAR WCUP: Breakthrough Race for Midwest Transit

NASCAR WCUP: Breakthrough Race for Midwest Transit

NASCAR WCUP: Breakthrough Race for Midwest Transit ... Continue reading

NASCAR WCUP: Mayfield Leads Ford Testing Wednesday at the Brickyard, Jarrett Fastest Overall

NASCAR WCUP: Mayfield Leads Ford Testing Wednesday at the Brickyard, Jarrett Fastest Overall

NASCAR WCUP: Mayfield Leads Ford Testing Wednesday at the Brickyard, Jarrett Fastest Overall ... Continue reading

New Tire Goes 100,000-Miles on Texas Roads

New Tire Goes 100,000-Miles on Texas Roads

If you drive around here you shared the roads and highways recently with a 1996 Dodge Intrepid, unremarkable except for four things. ... Continue reading

NHRA: Santos to Make Second Career Run at Bandimere Speedway in Denver

NHRA: Santos to Make Second Career Run at Bandimere Speedway in Denver

NHRA: Santos to Make Second Career Run at Bandimere Speedway in Denver ... Continue reading

SatCon Subsidiary Magmotor Announces an Initial Major Production Order

SatCon Subsidiary Magmotor Announces an Initial Major Production Order

SatCon Technology Corporation(R) announced that its Magmotor subsidiary received purchase orders for 1200 servo-motors from its new customer, Haas Automation of Oxnard, California, ... Continue reading

Shell Hydrogen and ECD Sign Memorandum of Understanding

Shell Hydrogen and ECD Sign Memorandum of Understanding

Shell Hydrogen and Energy Conversion Devices, Inc. took the first important step towards marketing a commercially-viable hydrogen storage system for the evolving hydrogen-fuelled transportation system. ... Continue reading

Silver Prowler to Debut in 2000

Silver Prowler to Debut in 2000

The next millennium's Plymouth Prowler will be offered for the first time in Prowler Silver, replacing Prowler Purple in the color palette ... Continue reading

Silver Prowler to Debut in 2000

Silver Prowler to Debut in 2000

The next millennium's Plymouth Prowler will be offered for the first time in Prowler Silver, replacing Prowler Purple in the color palette. ... Continue reading

Simpson Industries Reports Record Sales and Earnings for the Second Quarter

Simpson Industries Reports Record Sales and Earnings for the Second Quarter

Simpson Industries, Inc. announced record sales of $139.4 million and record net earnings of $7.0 million for the quarter ended June 30, 1999. ... Continue reading

Spatial Inc. Surpasses Milestone of 500 ACIS Licensees

Spatial Inc. Surpasses Milestone of 500 ACIS Licensees

Spatial Inc. announced that ProModel Corporation (Orem, UT), a recognized leader in the simulation industry, is the 500th licensee of the ACIS(R) 3D Modeling Toolkit(TM). ... Continue reading

Striking Continental General Tire Workers from Charlotte Handbilling BMW Plant

Striking Continental General Tire Workers from Charlotte Handbilling BMW Plant

Two buses filled with members of United Steelworkers of America Local 850 converged on Greer, S.C., to spread their message about unfair labor practices committed by Continental General Tire management at the plant in Charlotte. ... Continue reading

Superior Industries International Second-Quarter Net Income Increases 56%

Superior Industries International Second-Quarter Net Income Increases 56%

Superior Industries International Inc. announced that net income for the three months ended June 30, 1999, increased 56% to a second-quarter record $19,211,000, or $0.71 per diluted share. ... Continue reading

Teleflex Reports Strong Second Quarter

Teleflex Reports Strong Second Quarter

Teleflex Incorporated reported that revenues for the second quarter ended June 27, 1999 increased 16% to $421.1 million compared to $363.0 million for the same three months last year. ... Continue reading

The Wall Street Transcript Publishes Automobile & Auto Parts Industry Issue

The Wall Street Transcript Publishes Automobile & Auto Parts Industry Issue

Leading analysts examine the Automobile & Auto Parts sectors in the latest issue of The Wall Street Transcript. In a vital review of this sector for investors and industry professionals, it features: ... Continue reading

Tower Automotive, Inc., Announces Increased Revenues, Operating Income

Tower Automotive, Inc., Announces Increased Revenues, Operating Income

Tower Automotive, Inc. announced increased operating results for the second quarter and six months ended June 30, 1999. ... Continue reading

UNOVA Elects Larry D. Brady President and Chief Operating Officer

UNOVA Elects Larry D. Brady President and Chief Operating Officer

UNOVA Inc. announced that Larry D. Brady will join the $2 billion industrial technologies company on August 2 as its president and chief operating officer. ... Continue reading

Vehicle Service Programs Emerge As Key Driver of Satisfaction and Retention

Vehicle Service Programs Emerge As Key Driver of Satisfaction and Retention

Dramatic improvements in vehicle quality over the past ten years have pushed vehicle service into the spotlight as a critical means of differentiation in the automotive industry. ... Continue reading

Wescast Industries Posts 28 Percent Higher Q2 Earnings!

Wescast Industries Posts 28 Percent Higher Q2 Earnings!

Wescast Industries Inc., the world's largest exhaust manifold producer, announces strong second quarter earnings. ... Continue reading

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