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August 1999

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Tuesday, August 3, 1999

AimRite Holdings has Filed Form 10SB12G/A With the Securities and Exchange Commission

AimRite Holdings has Filed Form 10SB12G/A With the Securities and Exchange Commission

AimRite Holdings Corporation has completed and filed form 10SB12G/A with the Securities and Exchange Commission (SEC). ... Continue reading

AMSTED Amends Cash Tender Offer for Varlen

AMSTED Amends Cash Tender Offer for Varlen

AMSTED Industries Inc. announced that it has amended its exiting tender offer to purchase all of the outstanding shares of Varlen's common stock to increase the purchase price to $42.00 per Varlen share and to extend the expiration date. ... Continue reading

Audi Sales Up 47.3 Percent for July and 39.9 Percent Year-to-Date

Audi Sales Up 47.3 Percent for July and 39.9 Percent Year-to-Date

Audi of America, Inc. announced its second best July sales in the U.S. in its history with 5,965 automobiles sold, a 47.3 percent increase over the same month last year when sales were 4,050. ... Continue reading

Automakers Use Cost-Effective Steel Sheet to Lower Vehicle Weight

Automakers Use Cost-Effective Steel Sheet to Lower Vehicle Weight

The latest results of ongoing research by the Advanced Materials Technology Group of American Iron and Steel Institute's (AISI) Automotive Applications Committee provides ample evidence of automakers' steel-based light weighting strategies. ... Continue reading

Big Differences in Insurance Rates Can Yield Significant Savings for Consumers

Big Differences in Insurance Rates Can Yield Significant Savings for Consumers

U.S. drivers could be saving an average of $481 every six months on auto insurance if they took the time to compare rates, but most drivers don't shop around for auto insurance on a regular basis. ... Continue reading

Borg-Warner Automotive to Buy Cooling Systems from Eaton

Borg-Warner Automotive to Buy Cooling Systems from Eaton

Borg-Warner Automotive, Inc. announced that it has entered into a definitive agreement to acquire the Fluid Power Division of Eaton Corporation for $310 million. ... Continue reading

Clarion Technologies Unveils New Web Site

Clarion Technologies Unveils New Web Site

Clarion Technologies Inc. announced the unveiling of its new Web site. ... Continue reading

Continental General Tire Uses State Grant to Keep Half a Million Tires Out of Landfills

Continental General Tire Uses State Grant to Keep Half a Million Tires Out of Landfills

A Continental General Tire Inc. recycling program, partially funded by a state of North Carolina grant, has kept 500,000 used tires out of landfills since July 1998, company officials said. ... Continue reading

CON-WAY Announces Fuel Surcharge Formula

CON-WAY Announces Fuel Surcharge Formula

Con-Way Transportation Services announced that effective Aug.2, CON-WAY will begin using the U.S. Department of Energy National Average Price for a gallon of diesel fuel as the base for calculating fuel surcharges at all three of its LTL components. ... Continue reading

Core Materials Reports Lower Earnings for the Second Quarter of 1999

Core Materials Reports Lower Earnings for the Second Quarter of 1999

Core Materials Corporation announced results for the second quarter ended June 30,1999. ... Continue reading

Davis Named President of TI Group Automotive Systems N.A.

Davis Named President of TI Group Automotive Systems N.A.

D. James Davis has been named president of TI Group Automotive Systems -- North America, according to Chief Executive Allan Welsh. ... Continue reading

DCR Assigns 'AA' Rating to German Car Loan No. 3 ABT No. 4 Limited

DCR Assigns 'AA' Rating to German Car Loan No. 3 ABT No. 4 Limited

Duff & Phelps Credit Rating Co. (DCR) has assigned a rating of 'AA' (Double-A) to the DEM34 million Asset-Backed Tranche of a DEM200 million Programme due December 2002. ... Continue reading

Delphi and Ashimori Announce Teaming Agreement to Expand Seat Belt Business

Delphi and Ashimori Announce Teaming Agreement to Expand Seat Belt Business

Delphi Automotive Systems and Ashimori Industry Co. announced that they have signed a teaming agreement that focuses the technical, production, and marketing capabilities of the two companies on developing new business in automotive seat belts. ... Continue reading

European Car Prices Could Impact Motor Manufacturers' Credit Quality

European Car Prices Could Impact Motor Manufacturers' Credit Quality

Car companies which derive disproportionately large proportions of their revenues from automotive sales in the United Kingdom and Germany could be significantly affected by the current investigations into perceived price fixing. ... Continue reading

Federal-Mogul Announces Planned Acquisition of Sabo Industria e Comercio Ltda.

Federal-Mogul Announces Planned Acquisition of Sabo Industria e Comercio Ltda.

Federal-Mogul Corporation announced that it has signed a letter of intent to acquire Sabo Industria e Comercio Ltda., a family owned business headquartered in Sao Paulo, Brazil, and a leader in gaskets, seals and hoses in South America. ... Continue reading

Freudenberg-NOK LaGrange, Ga., Facility Named IndustryWeek's Best Plants Finalist

Freudenberg-NOK LaGrange, Ga., Facility Named IndustryWeek's Best Plants Finalist

The Freudenberg-NOK LaGrange, Ga., O-ring facility has been chosen as one of 25 finalists in IndustryWeek's Annual America's Best Plants competition. ... Continue reading

Freudenberg-NOK, Meiji and Mitsubishi Establish Joint Venture

Freudenberg-NOK, Meiji and Mitsubishi Establish Joint Venture

After recently announcing its intention to enter the North American brake hose market, Freudenberg-NOK has solidified its commitment by signing an agreement this week to enter into MMU Auto-Components, Inc. ... Continue reading

Hayes Lemmerz Increases Equity Stake in Aluminum Wheel Plant in Thailand

Hayes Lemmerz Increases Equity Stake in Aluminum Wheel Plant in Thailand

Hayes Lemmerz International, Inc. announced that it has increased its ownership of Siam Lemmerz Co., Ltd., ... Continue reading

Infineon Extends Operating Frequency of Intelligent Power Switches

Infineon Extends Operating Frequency of Intelligent Power Switches

Infineon Technologies Corp, formerly Siemens Microelectronics, Inc., announced a trio of high-speed additions to its family of single-channel, low-side TEMPFET intelligent power switches with protection against over-temperature. ... Continue reading

Lund International Holdings, Inc. Appoints Edmund J. Schwartz Chief Financial Officer

Lund International Holdings, Inc. Appoints Edmund J. Schwartz Chief Financial Officer

Lund International Holdings, Inc. announces Mr. Edmund J. Schwartz is appointed Vice President and Chief Financial Officer of Lund International Holdings, Inc. ... Continue reading

Micro Industries Introduces Ruggedized Vehicle Single Board Computer

Micro Industries Introduces Ruggedized Vehicle Single Board Computer

Micro Industries Corporation introduced its new Ruggedized Vehicle Single Board Computer (RVSBC). ... Continue reading

Mobil Announces RasGas' Signing of Agreement with Petronet for LNG Supply to India

Mobil Announces RasGas' Signing of Agreement with Petronet for LNG Supply to India

Mobil Corporation announced that Ras Laffan Liquefied Natural Gas Company Limited has signed a sale and purchase agreement to supply 7.5 million metric tons per annum (MMTA) of liquefied natural gas (LNG) from Qatar to India over a 25-year period. ... Continue reading

Motorcar Parts & Accessories, Inc. Announces Unaudited Fiscal 1999 Results

Motorcar Parts & Accessories, Inc. Announces Unaudited Fiscal 1999 Results

Motorcar Parts & Accessories, Inc. announced that in the course of preparing for the reporting of financial results for the fiscal year ended March 31, 1999, certain accounting concerns came to the attention of senior management of the Company. ... Continue reading

NASCAR WCUP: Jeff Burton's rising star would gain more luster with Indy victory

NASCAR WCUP: Jeff Burton's rising star would gain more luster with Indy victory

NASCAR WCUP: Jeff Burton's rising star would gain more luster with Indy victory ... Continue reading

NASCAR WCUP: Tough stretch of season starts with big bucks at Brickyard

NASCAR WCUP: Tough stretch of season starts with big bucks at Brickyard

NASCAR WCUP: Tough stretch of season starts with big bucks at Brickyard ... Continue reading

NASCAR WCUP: Victory at Indy would top list of accomplishments for 'Texas Terry'

NASCAR WCUP: Victory at Indy would top list of accomplishments for 'Texas Terry'

NASCAR WCUP: Victory at Indy would top list of accomplishments for 'Texas Terry' ... Continue reading

Nasdaq Halts Trading of Motorcar Parts and Accessories, Inc.

Nasdaq Halts Trading of Motorcar Parts and Accessories, Inc.

The Nasdaq Stock Market(R) announced that trading was halted in Motorcar Parts and Accessories, Inc. at 8:30 a.m. Eastern Time for "additional information requested" from the company at a last-sale price of 5 5/32. ... Continue reading

New Car Showrooms At Wholesale Prices in South Florida Market

New Car Showrooms At Wholesale Prices in South Florida Market

AutoSmart USA, Inc. announced that they have enjoyed phenomenal growth in the five months since opening "The First Internet New Car Showroom at Wholesale Prices", located at 943 S. Federal Highway, in Pompano Beach, Florida. ... Continue reading

NHRA: Drivers looking to get a grip on Winston Championship

NHRA: Drivers looking to get a grip on Winston Championship

NHRA: Drivers looking to get a grip on Winston Championship ... Continue reading

NHRA: Force having career year, seeking return to winner's circle at Autolite Nationals

NHRA: Force having career year, seeking return to winner's circle at Autolite Nationals

NHRA: Force having career year, seeking return to winner's circle at Autolite Nationals ... Continue reading

NHRA: Wacky NHRA top fuel championship battle rages among top 10

NHRA: Wacky NHRA top fuel championship battle rages among top 10

NHRA: Wacky NHRA top fuel championship battle rages among top 10 ... Continue reading

Nissan Outlines Vehicle Development Time Reductions

Nissan Outlines Vehicle Development Time Reductions

Nissan Motor Co., Ltd. outlined steps it has taken recently to cut four months from the vehicle development time in a program to better meet rapidly changing consumerdesires. ... Continue reading

Owners of Nine-Year-Old Vehicles Spent More Than $1 Billion on Repairs

Owners of Nine-Year-Old Vehicles Spent More Than $1 Billion on Repairs

Owners of nine-year-old vehicles spent more than $1 billion on automotive repairs in 1997, more than any other vehicle age group according to Automotive Industry Status Report, a comprehensive report produced by MEMA. ... Continue reading

Peugeot-Citroen Standardizes on ILOG Optimization Components

Peugeot-Citroen Standardizes on ILOG Optimization Components

ILOG, supplier of software components, announced that Europe's second-largest vehicle producer, Peugeot-Citroen, has extended its relationship with ILOG with a $1 million, 3-year agreement under which it will license key ILOG optimization components. ... Continue reading

Polk Acquires 100 Percent of Carfax

Polk Acquires 100 Percent of Carfax

The Polk Company announced it has completed acquisition of Carfax, a privately held firm that provides histories of used cars to consumers and dealers hoping to avoid purchasing undesirable vehicles. ... Continue reading

Proton Energy Systems Announces Successful Testing of Reversible PEM Fuel Cell

Proton Energy Systems Announces Successful Testing of Reversible PEM Fuel Cell

Proton Energy Systems announced that it has successfully tested its Proton Exchange Membrane Unitized Regenerative Fuel Cell (PEM URFC) Energy Storage System at the company's facilities in Rocky Hill, CT. ... Continue reading

Province of Liege, Belgium Offers Incentives for Automotive Companies

Province of Liege, Belgium Offers Incentives for Automotive Companies

The Province of Liege, Belgium has announced significant investment incentives for automotive companies. ... Continue reading

Qualitor, Inc. Acquires Anstro Corporation

Qualitor, Inc. Acquires Anstro Corporation

Qualitor, Inc., a company recently formed by senior automotive industry executive Ralph Reins and the private equity firm Wind Point Partners, announced it has successfully completed the acquisition of Anstro Corporation. ... Continue reading

Rouge Industries Records $14.8 Million Second Quarter Loss

Rouge Industries Records $14.8 Million Second Quarter Loss

Rouge Industries, Inc. reported a net loss of $14.8 million or $0.67 per share for the second quarter of 1999 compared to net income of $6.2 million or $0.28 per share in the second quarter of 1998. ... Continue reading

Shell Launches New Campaign to Help Prevent Roadside Deaths

Shell Launches New Campaign to Help Prevent Roadside Deaths

Each year nearly 3,000 people are killed in roadside accidents. Shell Oil Company is launching an effort to prevent these deaths and accidents through the latest wave of its award- winning "Count on Shell" campaign. ... Continue reading

Southern States Power Co Awarded First Contract for OXyG B-60 Biodiesel

Southern States Power Co Awarded First Contract for OXyG B-60 Biodiesel

Southern States Power Company has been awarded the first "Green Fuels" Biodiesel contract from Deer Valley UnifiedSchool District in Phoenix, Arizona, the largest school district in the State, and covers over 367 square miles of territory. ... Continue reading

Subaru Announces July Sales Figures

Subaru Announces July Sales Figures

Subaru of America, Inc. announced its July sales figures -- its best July since 1987. Subaru recorded a sales total of 13,233 units for the month, up 1 percent over the same period last year (13,071 units). ... Continue reading

TELEFLEX DECLARES DIVIDEND

TELEFLEX DECLARES DIVIDEND

Teleflex Incorporated announced that its Board of Directors took action to declare a cash dividend of thirteen cents ($0.13) per share of common stock. ... Continue reading

Thrifty Car Rental Opens In-Terminal Location in Las Vegas

Thrifty Car Rental Opens In-Terminal Location in Las Vegas

Las Vegas Thrifty announced the acquisition of substantially all principal assets of eight-year-old Airport Rent-A-Car, and will take the company's place at McCarran International. ... Continue reading

UNIDYNE Common Stock to Resume Trading on Nasdaq

UNIDYNE Common Stock to Resume Trading on Nasdaq

UNIDYNE Corporation announced it has received notice that the Company's common stock will continue to be listed on The Nasdaq SmallCap Market. ... Continue reading

Universal Automotive Industries, Inc. Reports Record Second Quarter Sales

Universal Automotive Industries, Inc. Reports Record Second Quarter Sales

Universal Automotive Industries, Inc. announced record second quarter sales of $20.7 million, income from operations of $1.22 million and net income of $392 thousand or $0.06 per share. ... Continue reading

USAC: 16th Street Midget Car Series Race Results, Indianapolis

USAC: 16th Street Midget Car Series Race Results, Indianapolis

USAC: 16th Street Midget Car Series Race Results, Indianapolis ... Continue reading

USAC: MCI Worldcom TQ Midget Car Series Race Results, Bakersfield

USAC: MCI Worldcom TQ Midget Car Series Race Results, Bakersfield

USAC: MCI Worldcom TQ Midget Car Series Race Results, Bakersfield ... Continue reading

USAC: MCI Worldcom TQ Midget Car Series Race Results, Bakersfield

USAC: MCI Worldcom TQ Midget Car Series Race Results, Bakersfield

USAC: MCI Worldcom TQ Midget Car Series Race Results, Bakersfield ... Continue reading

USAC: MCI Worldcom Western States Midget Car Series Race Results, Bakersfield

USAC: MCI Worldcom Western States Midget Car Series Race Results, Bakersfield

USAC: MCI Worldcom Western States Midget Car Series Race Results, Bakersfield ... Continue reading

USAC/SCCA: F2000 Race Results, Trois Rivieres

USAC/SCCA: F2000 Race Results, Trois Rivieres

USAC/SCCA: F2000 Race Results, Trois Rivieres ... Continue reading

Volkswagen Sales Up 19.5 Percent - Best July Since 1980

Volkswagen Sales Up 19.5 Percent - Best July Since 1980

Volkswagen of America, Inc. again recorded strong double-digit growth, reporting its best July sales results in 19 years. ... Continue reading

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