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October 1999

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Tuesday, October 19, 1999

1st Source Corp. Announces Third Quarter Earnings up 16.0 Percent

1st Source Corp. Announces Third Quarter Earnings up 16.0 Percent

1st Source Corp. reported net income of $9.1 million for the third quarter of 1999, which is 16.0 percent higher than the $7.9 million reported for the third quarter of 1998. ... Continue reading

8 of 10 Parents Say Rear-Facing Infants in Backseat a Road Hazard

8 of 10 Parents Say Rear-Facing Infants in Backseat a Road Hazard

In stark contrast to current transportation safety guidelines, a new survey shows a majority of parents believe infants in the back seat create a serious distraction for drivers -- one that could result in an accident. ... Continue reading

Algor's New Report Wizard Saves Engineers Time and Money

Algor's New Report Wizard Saves Engineers Time and Money

Algor, Inc., a leading maker of software for mechanical engineers, today announced the availability of its new Report Wizard. ... Continue reading

AMA: Prostar Regional Event Race Results, Houston Raceway Park

AMA: Prostar Regional Event Race Results, Houston Raceway Park

AMA: Prostar Regional Event Race Results, Houston Raceway Park ... Continue reading

American Axle & Manufacturing Announces Joint Venture Agreement

American Axle & Manufacturing Announces Joint Venture Agreement

American Axle & Manufacturing Holdings, Inc. announced that it has established a joint venture with Hubner Industria Mecanica Ltda. of Curitiba, Parana in Southern Brazil. ... Continue reading

American Quantum Cycles Announces Expansion of Dealer Network

American Quantum Cycles Announces Expansion of Dealer Network

American Quantum Cycles Inc. announced a continued expansion of their Dealer network to a total of 42 Dealers in 25 States. ... Continue reading

ARCA: Strait takes Talladega; Baird wears the crown

ARCA: Strait takes Talladega; Baird wears the crown

ARCA: Strait takes Talladega; Baird wears the crown ... Continue reading

AutoNation Confirms Q3 Analysts' Consensus Earnings Estimate

AutoNation Confirms Q3 Analysts' Consensus Earnings Estimate

AutoNation, Inc. confirmed that the Company will achieve the analysts' consensus earnings estimate of $0.22 per share from continuing operations in the third quarter of this year. ... Continue reading

Avis Rent A Car, Inc. Reports Record Q3 1999 Operating Results

Avis Rent A Car, Inc. Reports Record Q3 1999 Operating Results

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

Borg-Warner Automotive Declares Quarterly Dividend

Borg-Warner Automotive Declares Quarterly Dividend

The board of directors of Borg-Warner Automotive, Inc. has declared a quarterly dividend of $0.15 per share on all of the company's issued and outstanding common stock. ... Continue reading

C2, Inc. Reports Improved Financial Results for the Third Quarter

C2, Inc. Reports Improved Financial Results for the Third Quarter

C2, Inc. announced its financial results for the third quarter and nine months ended September 30, 1999. ... Continue reading

Cars Help Reduce Emissions and Last Longer...If You Maintain Them

Cars Help Reduce Emissions and Last Longer...If You Maintain Them

Hands-on demonstrations to show how car owners can save money and clean the Texas air by maintaining their cars. Also available for comparison will be a display of worn parts and vehicle that has not been well-maintained. ... Continue reading

Clarion Introduces Two New Car Audio Accessories

Clarion Introduces Two New Car Audio Accessories

Clarion Sales Corporation, a leader in the car audio and electronics industry, introduces two new accessories to its successful 1999 lineup. ... Continue reading

Cobalt Announces Third Quarter 1999 Financial Results

Cobalt Announces Third Quarter 1999 Financial Results

The Cobalt Group, Inc., a leading provider of automotive e- commerce products and services to automobile dealers and manufacturers, announced financial results for its third quarter, ended September 30, 1999. ... Continue reading

CRAGAR Industries Enters into Licensing Arrangement With Carlisle

CRAGAR Industries Enters into Licensing Arrangement With Carlisle

CRAGAR Industries, Inc. reported that it has signed a definitive agreement with Carlisle Tire & Wheel Company, whereby Carlisle will acquire CRAGAR's specialty steel-based wheel assets and enter into an exclusive licensing arrangement. ... Continue reading

DaimlerChrysler to Sell Chrysler 300M and PT Cruiser Models in Japan

DaimlerChrysler to Sell Chrysler 300M and PT Cruiser Models in Japan

DaimlerChrysler will begin selling its popular Chrysler 300M sedan in Japan by mid-2000, followed by the Chrysler PT Cruiser by year-end. ... Continue reading

Dana's Katja Busch-Merino Receives Young Leadership and Excellence Award

Dana's Katja Busch-Merino Receives Young Leadership and Excellence Award

Dana Corporation announced that Katja Busch-Merino has received the Young Leadership and Excellence Award from the Automotive Hall of Fame. ... Continue reading

Delphi Automotive Systems Receives 1999 Family Life Enhancement Award

Delphi Automotive Systems Receives 1999 Family Life Enhancement Award

Delphi Delco Electronics Systems recently received the 1999 Buchanan Counseling Center of Clarian Health Family Life Enhancement Award for innovative employee policies and initiatives focused on family enrichment. ... Continue reading

Delphi's Advanced Safety Interior Offers State-Of-The-Art Protection Today

Delphi's Advanced Safety Interior Offers State-Of-The-Art Protection Today

Delphi Automotive Systems at the Tokyo Motor Show announced that many elements of its Advanced Safety Interior (ASI) portfolio of advanced technologies have already been sourced by major motor vehicle manufacturers. ... Continue reading

Delphi's Presence in Japan Contributes to Global Strength of Toyota Avalon

Delphi's Presence in Japan Contributes to Global Strength of Toyota Avalon

Delphi Automotive Systems local presence in Japan has helped Toyota Motor Corporation achieve a global breakthrough with its 2000 Avalon program. ... Continue reading

DynaMotive Signs Agreement with Orenda Aerospace to Test

DynaMotive Signs Agreement with Orenda Aerospace to Test

DynaMotiveTechnologies Corporation announced that it has signed an agreement with Magellan Aerospace Corporation business unit Orenda Aerospace to test DynaMotive BioOil as a clean fuel to generate "green" power in their gas turbines. ... Continue reading

Earnings of Wescast Industries Inc. up by 36%

Earnings of Wescast Industries Inc. up by 36%

Wescast Industries Inc. continued its consecutive string of quarterly improvement of earnings and sales. Earnings increased 36% on a 31% increase in sales, over the same quarter of the previous year. ... Continue reading

Eaton Reports Record Sales and Earnings

Eaton Reports Record Sales and Earnings

Eaton Corporation announced record sales and earnings for the third quarter of 1999. Sales in the quarter were $2.23 billion, 37 percent above the third quarter of 1998. Earnings per share of $2.46 were well above last year's $0.80 per share. ... Continue reading

F2000: Formula 2000 National Championship Race Results, Sebring

F2000: Formula 2000 National Championship Race Results, Sebring

F2000: Formula 2000 National Championship Race Results, Sebring ... Continue reading

Ford Earns $1.1 Billion in Third Quarter, Up 11 Percent

Ford Earns $1.1 Billion in Third Quarter, Up 11 Percent

Ford Motor Company reported record third quarter earnings of $1,114 million, or 90 cents per diluted share of common and Class B stock, up 11 percent -- the company's 14th consecutive quarter of improved operating earnings. ... Continue reading

Gas Price Highest Since December 1990, AAA Survey Shows

Gas Price Highest Since December 1990, AAA Survey Shows

Gasoline prices are at their highest level since December 1990 when the United States was preparing for Operation Desert Storm and the federal excise tax on gasoline had been increased an additional nickel per gallon, according to AAA. ... Continue reading

GenRad Reports Record Third Quarter Results

GenRad Reports Record Third Quarter Results

GenRad, Inc. reported for its third quarter ended October 2, 1999 diluted earnings per share of $0.60, compared to $.22, excluding unusual charges, for the third quarter of 1998. ... Continue reading

Group 1 Automotive Doubles Credit Facility to $1 Billion

Group 1 Automotive Doubles Credit Facility to $1 Billion

Group 1 Automotive, Inc. announced it has doubled its existing revolving credit facility to $1 billion, increased the acquisition portion to $220 million and extended the term to December 31, 2003. ... Continue reading

I.D. Systems Revenue Doubles in Third Quarter

I.D. Systems Revenue Doubles in Third Quarter

I.D. Systems, Inc. announced that revenue doubled in the third quarter, ended September 30, 1999, to a record $1,704,000 versus $861,000 in the same quarter a year ago. ... Continue reading

Infogrames Ships Demolition Racer For The Personal Computer

Infogrames Ships Demolition Racer For The Personal Computer

Infogrames, a leading publisher and developer of video game software, announced that its demolition derby-style racing game, Demolition Racer(TM), will begin shipping this week for the personal computer. ... Continue reading

InfoMove Delivers New Generation of Wireless Internet Services for the Car

InfoMove Delivers New Generation of Wireless Internet Services for the Car

InfoMove announced the development of a first of its kind service that delivers a broad range of real-time, customized Internet content and traffic data through handheld devices connected in cars. ... Continue reading

IRL: Pennzoil Panther/Scott Goodyear Final Notes, Texas

IRL: Pennzoil Panther/Scott Goodyear Final Notes, Texas

IRL: Pennzoil Panther/Scott Goodyear Final Notes, Texas ... Continue reading

IRL: Pep Boys Indy Racing League Medical Update, Schmidt, Unser, Goodyear, others

IRL: Pep Boys Indy Racing League Medical Update, Schmidt, Unser, Goodyear, others

IRL: Pep Boys Indy Racing League Medical Update, Schmidt, Unser, Goodyear, others ... Continue reading

IRL: Scott Goodyear Medical Update

IRL: Scott Goodyear Medical Update

IRL: Scott Goodyear Medical Update ... Continue reading

Johnson Controls Reports Record 1999 Results

Johnson Controls Reports Record 1999 Results

Johnson Controls, Inc. reported record sales and income for its fourth fiscal quarter and full year ended September 30, 1999. ... Continue reading

Kenwick Industries Inc. Reports a 76% Net Income Increase for 1999

Kenwick Industries Inc. Reports a 76% Net Income Increase for 1999

Kenwick Industries Inc. released their financial statements for six months ended June 30, 1999. ... Continue reading

Kia Signs ADP to Boost Dealers' Service Business

Kia Signs ADP to Boost Dealers' Service Business

The Dealer Services Group of Automatic Data Processing, Inc. announced that it has entered into a three-year fixedoperations contract with Kia Motors that includes service reminders, parts and service pricing guides, and data warehousing services. ... Continue reading

Lear Appoints Donald A. Wilkinson Assistant Patent Counsel

Lear Appoints Donald A. Wilkinson Assistant Patent Counsel

Lear Corporation announced the appointment of Donald A. Wilkinson to the new position of Assistant Patent Counsel. ... Continue reading

Mechanical Dynamics Reports 19% Increase in Revenue For the Q3 of 1999

Mechanical Dynamics Reports 19% Increase in Revenue For the Q3 of 1999

Mechanical Dynamics, Inc. reported revenue of $9.7 million for the third quarter ended September 30, 1999, a 19% increase over the corresponding period in 1998. ... Continue reading

Mini Vans, SUVs and Pick Ups at Top of Vehicle Thieves Shopping List

Mini Vans, SUVs and Pick Ups at Top of Vehicle Thieves Shopping List

The popularity of mini vans, pickup trucks and sportutility vehicles (SUVs) is making them an increasingly attractive target forthieves. ... Continue reading

Myers Industries Reports Third Quarter and Nine Month Results

Myers Industries Reports Third Quarter and Nine Month Results

For the three months ended September 30, 1999, net sales of $139,768,838 were 52 percent greater than the $92,196,199 reported in 1998. Net income was $3,966,769, a 19 percent decrease from the $4,917,730 in last year's third quarter. ... Continue reading

National Auto Finance Company, Inc. Introduces 48-Hour Funding Guarantee

National Auto Finance Company, Inc. Introduces 48-Hour Funding Guarantee

National Auto Finance Company, Inc., a leading non-prime auto finance company based in Jacksonville, Florida, recently unveiled its "48 Hour Funding Guarantee" to dealers that submit complete contract packages to the lender. ... Continue reading

National Car Rental Announces "Great Florida Dive-In"

National Car Rental Announces "Great Florida Dive-In"

National Car Rental announced it is once again offering its popular "Florida Drive-In, a one-way, time-limited car rental program designed to move portions of its fleet from 35 locations across the US to Florida. ... Continue reading

National Chain - PEP BOYS - To Carry PetroMoly Products

National Chain - PEP BOYS - To Carry PetroMoly Products

Today, the national automotive retail chain PEP BOYS placed a national stocking order for PetroMoly Oil Treatment, a product of Worldwide PetroMoly, Inc. ... Continue reading

National R.V. Holdings, Inc. Reports Record Revenues

National R.V. Holdings, Inc. Reports Record Revenues

National R.V. Holdings, Inc. announced record results of operations for the third quarter ended September 30, 1999. ... Continue reading

NHRA: Herbert proving he's for real in NHRA Top Fuel title chase

NHRA: Herbert proving he's for real in NHRA Top Fuel title chase

NHRA: Herbert proving he's for real in NHRA Top Fuel title chase ... Continue reading

NHRA: Pedregon looking for quick times, fast speeds at Motorplex

NHRA: Pedregon looking for quick times, fast speeds at Motorplex

NHRA: Pedregon looking for quick times, fast speeds at Motorplex ... Continue reading

NHRA: Teams chase Winston Championship into Texas

NHRA: Teams chase Winston Championship into Texas

NHRA: Teams chase Winston Championship into Texas ... Continue reading

Nicholas Financial Posts Record Second Quarter Revenues and Earnings

Nicholas Financial Posts Record Second Quarter Revenues and Earnings

Nicholas Financial, Inc. announced that revenues for the second quarter ended September 30, 1999 increased 31% to $3,262,000, compared to $2,490,000 for the period ended September 30, 1998. ... Continue reading

October is Car Care Month; Now is the Time to Prepare Your Car for Winter

October is Car Care Month; Now is the Time to Prepare Your Car for Winter

While leaves and footballs are in the air at this time of year, October is also car care month. ... Continue reading

Palace Theatre Renamed the Cadillac Palace

Palace Theatre Renamed the Cadillac Palace

The Palace Theatre, Fox Theatricals and General Motors announced a partnership that renames the renovated historic theatre the Cadillac Palace. ... Continue reading

Pennzoil Puts America's Love of the Automobile to the Test

Pennzoil Puts America's Love of the Automobile to the Test

As drivers engage in multi-tasking in stop-and-go traffic, frequent automated car washes and marvel at new cars that are advertised as being so maintenance-free that their hoods could be welded shut, one might think so. ... Continue reading

Personnel Changes at DaimlerChrysler

Personnel Changes at DaimlerChrysler

At ameeting in Tokyo, the DaimlerChrysler Board of Management made several personnel changes to the company's vehicle business. ... Continue reading

Quixote Reports Record Fiscal 2000 Q1 Sales and Net Earnings

Quixote Reports Record Fiscal 2000 Q1 Sales and Net Earnings

Quixote Corporation reported record results for the first quarter of fiscal 2000, ended September 30, 1999. Net sales increased 20% to $19,303,000, compared with $16,063,000 in the first quarter of fiscal 1999. ... Continue reading

Rankin Reports Record Per Share Earnings

Rankin Reports Record Per Share Earnings

Rankin Automotive Group, Inc., operating results for the three and six month periods ended August 31, 1999 were at record levels. ... Continue reading

Southern California Gas Prices Inch Downward for Second Month

Southern California Gas Prices Inch Downward for Second Month

The average price of a gallon of regular self-serve unleaded gasoline in Southern California declined for a second consecutive month, dropping by 4.3 cents, according to the Automobile Club of Southern California Fuel Gauge Report. ... Continue reading

S&P Affirms Auto-Owners Ins Co 'AAApi' Rating

S&P Affirms Auto-Owners Ins Co 'AAApi' Rating

Standard & Poor's affirmed its triple-'Api' rating on Auto- Owners Insurance Co., a mutual company based in Lansing, Mich., and licensed in 28 states. ... Continue reading

S&P Affirms Auto-Owners Insurance Co. 'AAApi' Rating

S&P Affirms Auto-Owners Insurance Co. 'AAApi' Rating

Standard & Poor's affirmed its triple-'Api' rating on Auto- Owners Insurance Co., a mutual company based in Lansing, Mich., and licensed in 28 states. ... Continue reading

S&P Affirms Auto-Owners Life Ins Co 'Api' Rating

S&P Affirms Auto-Owners Life Ins Co 'Api' Rating

Standard & Poor's affirmed its single-'Api' rating on Auto- Owners Life Insurance Co., a stock company based in Lansing, Mich., and licensed in 28 states. ... Continue reading

Standard Products Reports Fiscal 2000 First Quarter Results

Standard Products Reports Fiscal 2000 First Quarter Results

The Standard Products Co. announced results for its fiscal 2000 first quarter, ended September 30, 1999. ... Continue reading

STMicroelectronics Reports Strong Q3 Revenue and Earnings Gains

STMicroelectronics Reports Strong Q3 Revenue and Earnings Gains

STMicroelectronics reported financial results for the third quarter and nine months ended October 2, 1999. ... Continue reading

Strattec Announces Strategic Alliance With German Automotive Supplier

Strattec Announces Strategic Alliance With German Automotive Supplier

Strattec Security Corporation announced it has signed a Memorandum of Understanding with E. Witte MBH, and its operating unit, Witte-Velbert GmbH & Co. KG, which details their intent to form a strategic alliance and joint venture. ... Continue reading

Super Sunday Indy Automotive Swap Meet and Car Sale

Super Sunday Indy Automotive Swap Meet and Car Sale

Indiana's largest all indoor Automotive Swap Meet and Car Sale, will be held October 24, from 8:00 a.m.- 3:00 p.m. at the Indiana State Fairgrounds, West Pavilion, in Indianapolis, Ind. ... Continue reading

SUV Registrations Nearly Double in Five Years, Census Bureau Reports

SUV Registrations Nearly Double in Five Years, Census Bureau Reports

Registrations of sport utility vehicles (SUVs) nearly doubled between 1992 and 1997, according to data on trucks and vans released by the Commerce Department's Census Bureau. ... Continue reading

Tenneco Automotive's New Kinetic Suspension System Wins Award

Tenneco Automotive's New Kinetic Suspension System Wins Award

Tenneco Automotive's new Kinetic suspension system has been named the Gold Award winning entry of the International Grand Prix for Technical Innovation at the Paris Equip Auto Showcase in Paris. ... Continue reading

Toshiba Announces Its Surface Mount LED Solution for the Auto Market

Toshiba Announces Its Surface Mount LED Solution for the Auto Market

Toshiba America Electronic Components Inc. (TAEC) announced its line-up of visible Surface Mount Device (SMD) Light Emitting Diodes (LEDs) aimed at the automotive market. ... Continue reading

Trick-or-Treat Haunts the Whole Weekend, AAA Warns Motorists

Trick-or-Treat Haunts the Whole Weekend, AAA Warns Motorists

With Halloween falling on Sunday, October 31 this year, AAA is warning motorists to slow down and watch out for costumed children all weekend long. ... Continue reading

Union Acceptance Announces Results for the Q1 of Fiscal 2000

Union Acceptance Announces Results for the Q1 of Fiscal 2000

Union Acceptance Corporation announced results for the first quarter ended September 30, 1999. Net earnings totaled $5.4 million compared to net earnings of $2.1 million reported for the first quarter of last fiscal year. ... Continue reading

USAC: Leffler, Ellison take Irwindale and Wynn's Money, Midgets move to Ventura next

USAC: Leffler, Ellison take Irwindale and Wynn's Money, Midgets move to Ventura next

USAC: Leffler, Ellison take Irwindale and Wynn's Money, Midgets move to Ventura next ... Continue reading

USAC: Leffler takes Irwindale; Newman nearly clinches title

USAC: Leffler takes Irwindale; Newman nearly clinches title

USAC: Leffler takes Irwindale; Newman nearly clinches title ... Continue reading

USA Truck, Inc. Announces Operating Results

USA Truck, Inc. Announces Operating Results

USA Truck, Inc. announced record operating revenues of $40,416,850 for the quarter ended September 30, 1999, up 11.4% from $36,266,931 for the same quarter of 1998. ... Continue reading

Velan Inc. Reports Its 1st Quarter 1999/2000 Financial Results

Velan Inc. Reports Its 1st Quarter 1999/2000 Financial Results

Revenues for the 1st quarter amounted to $71.8 million, representing an 8.5 % increase over the $66.1 million in the same quarter last year. ... Continue reading

WFS Financial Reports Record Third Quarter Earnings

WFS Financial Reports Record Third Quarter Earnings

WFS Financial Inc reported record earnings of $12.7 million, or $0.49 per diluted share for the third quarter of 1999 compared with a net loss of $3.9 million, or $0.15 per diluted share for the same period a year earlier. ... Continue reading

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