Firestone, GM Mexican Recall Urged
CORPUS CHRISTI, Texas--Lawyers for a Mexican family suing Firestone and General Motors are calling for an investigation and recall of Firestone FR480s made in Mexico. The victims’ family members also are participating in the publicity campaign. Jose Hernandez, part of the family that lost seven members in the Firesto ... Continue reading
3D Systems Forms Technology and Marketing Alliance With Dallara Automobili
VALENCIA, Calif.--Jan. 25, 2001--3D Systems Corp. today announced that it has joined forces with world-renowned automotive design firm Dallara Automobili SRL in a technology and marketing alliance. As part of the agreement, 3D Systems shipped its first high-end SLA(R) 7000 solid imaging system to Dallara headquarters i ... Continue reading
Advanced Wireless Systems, Inc. Announces Acquisition
SCOTTSDALE, Ariz., Jan. 25 Advanced Wireless Systems, Inc. (OTC Bulletin Board: AWSS) announced today that it has entered into a Letter of Intent to acquire Fleet Sales West, Inc. Fleet Sales West is located in Phoenix, Arizona and is in the business of automotive sales with a primary emphasis on acquiring and selling ... Continue reading
AIAG's Newest Initiative Tackles Occupational Health & Safety Issues
SOUTHFIELD, Mich., Jan. 25 To bring attention to global occupational health and safety issues in the automotive industry, reduce the number of work-related injuries and improve overall work environments, the Automotive Industry Action Group (AIAG) announced today the formation of a new initiative in the area of occupat ... Continue reading
Improvements in Competitiveness Expected to Help Retain Jobs SAGINAW, Mich., Jan. 25 Delphi Saginaw Steering Systems announced today that it was awarded a Brownfield Redevelopment Single Business Tax Credit from the State of Michigan, given to Michigan businesses that plan to invest $100 million or more in updating the ... Continue reading
International Parts Launches Pilot Program With Discount Auto Parts
JACKSONVILLE, Fla.--Jan. 25, 2001-- Companies Will Collaborate To Fill Orders For Recycled Parts International Parts, Inc. and Discount Auto Parts, Inc. today announced an initiative that will expand Discount Auto Parts' product offering to include recycled parts. Under the arrangement, International Parts will be the ... Continue reading
LTV Hires Restructuring Firm; Reports Progress in Financing Activities
CLEVELAND, Jan. 25 The LTV Corporation (OTC Bulletin Board: LTVCQ) today announced the hiring of Jay Alix & Associates, a recognized leader in corporate and operational restructuring. James J. Bonsall, Jr., a principal in the firm, will lead the effort to restructure LTV's integrated steel operations. Mr. Bonsall has l ... Continue reading
TROY, Mich., Jan. 25 The following was released today by Mantese, Miller & Shea, P.L.L.C.: The Estate of Geoffrey Matthew Lazarecki today filed a wrongful death action against Defiance Testing and Engineering Services, Inc. in Oakland County Circuit Court. The case was assigned to the Hon. Wendy Potts. Mr. Lazarecki wa ... Continue reading
SAN DIEGO, Calif., Jan. 25 Newgen Results Corporation (a wholly owned subsidiary of TeleTech Holdings, Inc.) today named Bill Klehm as the company's vice president of sales and marketing. Klehm will direct all sales and marketing activities, including consolidation of sales and marketing functions, managing sales initi ... Continue reading
SANFORD, Fla., Jan. 25 Parts.com, Inc. (OTC Bulletin Board: MIRM), a marketplace and software solutions provider for the automotive parts industry, announced the release of version 3.4 of its TradeMotion software, including Phase I of Direct2DMS. The release of TradeMotion 3.4 unveils TradeMotion Direct2DMS, which allo ... Continue reading
S&P: High Claims Slow Recovery of UK Motor Insurance
LONDON--Standard & Poor's--Jan. 25, 2001--The recovery of the U.K. motor insurance market was boosted in 1999 by a 10% rise in gross premiums written to GBP9.32 billion ($14 billion) and a four percentage point improvement in its overall loss ratio to 95%, according to an industry report published today by Standard & P ... Continue reading
S&P: High Claims Slow Recovery of UK Motor Insurance
LONDON, Jan. 25 The recovery of the U.K. motor insurance market was boosted in 1999 by a 10% rise in gross premiums written to GBP9.32 billion ($14 billion) and a four percentage point improvement in its overall loss ratio to 95%, according to an industry report published today by Standard & Poor's. A 10% rise in claim ... Continue reading
Synapz Names Raymond VP of Business Development
NORTHVILLE, Mich., Jan. 25 Synapz, a leading e-commerce solution provider servicing the automotive market, has recently appointed Michael J. Raymond as vice president of business development. In this position, Raymond is responsible for setting up distribution channels and value-added reseller distribution programs for ... Continue reading
MIRA LOMA, Calif.--Jan. 25, 2001--Ultra Motorcycle Co. ("UMC") (OTCBB:BIKR) Thursday announced that the company's "Fat Pounder" rigid frame motorcycle was featured in this month's issue of The Horse -- Backstreet Choppers magazine. Writer Nick "Edge" Raines had an opportunity to ride and evaluate the 2000 Fat Pounder a ... Continue reading
LONDON, Jan. 25 http://www.just-auto.com -- Nissan Motor Co Ltd is to invest 235 million pounds sterling ($341.7 million) at its major UK assembly line in order to build its new Micra model at the plant in Sunderland, northeast England says the news article at http://just-auto.com/editorial_detail.asp?id=41 . The decis ... Continue reading
Action Performance Says $17.7 Million Tax Refund Assures Strong Liquidity
PHOENIX--Jan. 25, 2001--Action Performance Cos. Inc. (company) , the leader in the design, marketing, promotion and distribution of licensed motorsports merchandise, today reported receiving a $17,736,000 federal income tax refund. The company had previously estimated the refund at $14 million and anticipated that it w ... Continue reading
Capital Automotive to Release Fourth Quarter 2000 Financial Results On Tuesday, February 6
MCLEAN, Va., Jan. 25 Capital Automotive REIT announced today that it intends to release financial results for the fourth quarter 2000 before the market opens on Tuesday, February 6, 2001. Management will conduct a live audio webcast of its earnings conference call on Tuesday, February 6, 2001 at 11:00 a.m. ET to review ... Continue reading
Carfax Puts the Drive in Blood Drive
COLUMBIA, Mo.--Jan. 25, 2001--Carfax, Inc. (www.carfax.com), the Internet's leading provider of vehicle history reports, and the American Red Cross are inviting eligible donors in the Columbia area to save a life this Friday...by participating in a blood drive taking place at Carfax. To show their appreciation for supp ... Continue reading
Cross Huller Opens New Training Center
STERLING HEIGHTS, Mich., Jan. 25 Cross Huller announced today that it has opened a new 6,500 square foot purpose built training center adjacent to its facility in Windsor, Canada. The new training center will offer a full range of classroom and hands-on training for users of sophisticated Agile CNC production systems a ... Continue reading
Cross Huller Receives Linamar Cylinder Head Business
STERLING HEIGHTS, Mich., Jan. 25 Cross Huller announced today that Exkor, a division of Linamar, has selected its facility in Ludwigsburg, Germany as the supplier for a new agile manufacturing (cubing) system to prepare cast aluminum cylinder heads for final machining in a separate Cross Huller agile production system. ... Continue reading
Diodes Inc. Announces Conference Call To Discuss Year End and Q4 Financial Results
WESTLAKE VILLAGE, Calif.--Jan. 25, 2001--Diodes Inc. , a leading manufacturer and supplier of high quality discrete semiconductors, primarily to the communications, computing, electronics and automotive industries, will host a conference call at 9 a.m. PST (noon EST) on Wednesday, Jan. 31, to discuss 2000 fourth-quarte ... Continue reading
LONDON, Jan. 25 http://www.just-auto.com -- 330 workers at the Valeo auto climate control components plant at Gorseinon, near Swansea in Wales stand to lose their jobs when the factory closes at the end of July. The report at http://just-auto.com/news_detail.asp?art=22895 says that the plant that makes heater and air c ... Continue reading
Exide Technologies Signs Contract With Norwegian Navy To Produce Submarine Propulsion Batteries
PRINCETON, N.J., Jan. 25 Exide Technologies this week signed a contract for production of propulsion batteries for the Royal Norwegian Navy's Ula-class submarines. Deliveries, from Exide's Horten, Norway plant, will begin in 2002 on a contract, which is valued at 13.7 million euros ($12.8 million). The contract include ... Continue reading
Federal-Mogul Honors Suppliers for Exceptional Performance
SOUTHFIELD, Mich., Jan. 25 Federal-Mogul Corporation announced its top five manufacturing suppliers for 2000 during its third annual Supplier Awards program January 17. More than 200 suppliers from seven countries attended the event at the Crowne Plaza hotel in Romulus, Michigan. (Photo: http://www.newscom.com/cgi-bin/ ... Continue reading
Ford Motor Company Donates $5 Million to Purdue University
WEST LAFAYETTE, Ind., Jan. 25 Ford Motor Company announced that it will donate more than $5 million to Purdue University to support a new laboratory and expand robotic research. The donation will create the Perception Based Engineering (PBE) Laboratory, where researchers will test people's reactions to such things as v ... Continue reading
Logica Appoints Michael Rinderle to Director of Automotive Sales
DEARBORN, Mich., Jan. 25 Logica today announced the appointment of Michael Rinderle as Director of Automotive Sales. Rinderle will be responsible for aggressively growing Logica's North American automotive business, diversifying the customer base, and strengthening the already successful sales force. No stranger to the ... Continue reading
M2 Appoints Mike Austin as Director of Corporate Development
SANTA MONICA, Calif.--Jan. 25, 2001--M2 Collision Care Centers (M2), the leading consolidator of collision repair centers in California, recently announced the appointment of Michael Austin as director of corporate development. After completing training and standardization programs, M2 is positioned to move forward in ... Continue reading
New Site Believed to Be Industry's First to Offer Meeting Planners Their Own Customized Web Page with Links to Reservation System GARDEN CITY, N.Y., Jan. 25 Avis Rent A Car, Inc. announced today that it has launched a new Web site, http://www.avis.com/meetings, designed just for meeting planners that is believed to be ... Continue reading
Simple Green To Sponsor Clean-Up Award And Rapid Response Team
For Immediate Release - January 25, 2001 Contact David Lang; 305-670-4343 Simple Green To Sponsor Clean-Up Award And Rapid Response Team Will Once Again Be Official Cleaner Degreaser of Trans-Am Series Miami -- The Panoz/Sanchez Group (PSG) and the Trans-Am Series today announced that Simple Green, the world's leading ... Continue reading
HICKORY, N.C., Jan. 25 Reynolds and Reynolds ERA2 system is the market leader in dealer management systems. Built on a foundation of Total Integration, ERA2 has added new meaning to the concept. Through Reynolds' strategic partnership with e-fin, ERA2 users are assured integration capabilities well beyond the customary ... Continue reading
LONDON, Jan. 25 http://www.just-auto.com -- Nissan president, Carlos Ghosn said today that the 40 million pounds sterling grant swayed him to building the next Micra in the UK. The report at http://just-auto.com/news_detail.asp?art=22894 says that Ghosn announced the decision only after "extensive profitability analysi ... Continue reading
Valeo Proposes Closure of Two UK Sites
PARIS--Jan. 25, 2001--Valeo (Paris: FR; OTC: VLEEY) -- Valeo today announced the planned closure of two UK production sites situated in Worksop, Derbyshire and Gorseinon, near Swansea. The Worksop site - known as Labauto - manufactures wiring harnesses for PSA and employs 250 people. The Gorseinon site manufactures hea ... Continue reading
Volvo Launches Exclusive S.A.F.E. Technician Training Program
ROCKLEIGH, N.J., Jan. 25 Volvo technicians represent the essence of Volvo's commitment to automotive performance, safety and driving pleasure. Alongside a vehicle's owner, the highly trained Volvo technician is the car's best caretaker. That's why the selection and training of Volvo technicians is so critical. Volvo Ca ... Continue reading
AAA Nebraska Joins The Auto Club Group Holding Company
DEARBORN, Mich., Jan. 25 During a brief "closing" ceremony at its Omaha headquarters last week, the AAA Nebraska Board of Directors made official the club's affiliation with the Dearborn-Michigan-based The Auto Club Group. The 200,000-member Nebraska-wide organization joined AAA Chicago Motor Club, AAA Michigan and AAA ... Continue reading
ADVISORY/Collins & Aikman to Announce Fourth Quarter and Calendar Year Earnings
--Jan. 25, 2001-- ANALYST/MEDIA ADVISORY COLLINS & AIKMAN TO ANNOUNCE FOURTH QUARTER AND CALENDAR YEAR EARNINGS WHAT: Collins & Aikman fourth quarter and calendar year earnings conference call and webcast. WHEN: Thursday, February 8, 2001 at 10 a.m. ET Those interested in hearing the earnings announcement should call ( ... Continue reading
AQM Announces 2000 Sales and Profits
WOODBRIDGE, Ontario--AQM Automotive Corporation (CDNX:AQV.) today announced its consolidated financial and operating results for its fourth quarter of 2000 (September 1, 2000 to November 30, 2000) and for the year ended November 30, 2000. Sales for the year ended November 30th, 2000 were $16,752,615 up 22% from 1999. T ... Continue reading
Arctic Cat Declares Quarterly Cash Dividend
THIEF RIVER FALLS, Minn.--Jan. 25, 2001--Arctic Cat Inc. today announced that its board of directors has declared a regular quarterly cash dividend of 6 cents per share of common and class B common stock. The dividend is payable March 2, 2001, to shareholders of record on February 16, 2001. Arctic Cat Inc. designs, eng ... Continue reading
Autobytel.com Announces Fourth Quarter and Year-End 2000 Results
Company Beats Bottom-Line Analyst Estimates by Nearly 12 Percent; Operations Remain Solid and On-Track to Q3, 2001 Profitability Goal IRVINE, Calif., Jan. 25 Autobytel.com today announced fourth quarter and year-end 2000 financial results. Fourth quarter revenue was $16.8 million, a 35 percent increase over revenue of ... Continue reading
Automotive Finance Corporation and CarBiz.com Intend to Form a Strategic Alliance
DULUTH, Minn., Jan. 25 Automotive Finance Corporation (AFC), a subsidiary of ALLETE and CarBiz.com Inc. (CDNX: CZ), a leading provider of software and Internet solutions to the North American automotive industry, today announced their intention to form a strategic alliance. Their goal is to expand services to 15,000 ce ... Continue reading
Bob Schachte Joins Mitchell International as Senior Vice President of North American Sales
SAN DIEGO--Jan. 25, 2001--Mitchell International Thursday announced that Bob Schachte has joined their organization in the newly created position of senior vice president of North American Sales. Schachte comes to Mitchell with an extensive background in information software and e-business solution sales for the automo ... Continue reading
Christmas Promotion Puts Sledgehammer Under One Tree
MIRA LOMA, Calif.--Jan. 25, 2001--Ultra Motorcycle Co. ("UMC") (OTCBB: BIKR), Thursday announced that Ultra Motorcycle Co. dealer, Easyriders of Cincinnati and radio station WEBN put more than a little holiday cheer into this past Christmas for one local resident when they turned over the keys to a new 2001 Ultra Sledg ... Continue reading
Competition Begins to Discover Future Automotive Designers
High School Students Challenged to Build Their 'Dream' Vehicle While Learning Real Life Career Skills AUBURN HILLS, Mich., Jan. 25 Innovation, design and creativity are the backbone behind such groundbreaking vehicles as the Chrysler PT Cruiser, Dodge Viper and Jeep(R) Grand Cherokee. And with the help of DaimlerChrysl ... Continue reading
DETROIT and NEW YORK, Jan. 25 General Motors Corporation and Medscape announced today an e-business health care alliance that will use Medscape's computer-based technologies to facilitate improvement in the quality of patient care by reducing medical errors while lowering health care costs. GM and Medscape will coopera ... Continue reading
RDO Equipment Co. Announces Management Restructuring; Christi Offutt Named to COO Position
FARGO, N.D.--Jan. 25, 2001--RDO Equipment Company today announced the first steps of a restructuring of the Company's management as a component of company-wide reorganization. As part of the restructuring, Christi Offutt, Senior Vice President of the Midwest Agricultural Division, will become Chief Operating Officer of ... Continue reading
StoneAge.com Launches AutoTurnDowns.com, a Sub Prime Financing Solution For Car Dealers
First Online Automotive Site to Offer This Innovative Service to Car Dealers TROY, Mich., Jan. 25 StoneAge.com, a leader in the online car buying segment, launched an innovative new service that helps Car Dealers secure financing for sub-prime consumers. The service, AutoTurnDowns.com (http://www.autoturndowns.com ) is ... Continue reading
Toyota Supports Proposed ZEV Regulation Changes; Executive Cites Remaining Problems
SACRAMENTO, Jan. 25 During testimony before the California Air Resources Board (ARB), a Toyota executive today expressed the automaker's support for changes to the proposed state regulation which would shift focus from a zero emission vehicle (ZEV) mandate to overall air quality goals. "The proposed modifications, coup ... Continue reading
UQM Technologies Reports Record Nine Month Revenue Spurred by Doubling of Third Quarter Revenue
GOLDEN, Colo., Jan. 25 UQM TECHNOLOGIES, INC. (Amex: UQM), whose name was changed yesterday from Unique Mobility after shareholder approval, today reported record nine month revenue, spurred by a more than doubling of third quarter revenue. William G. Rankin, President and Chief Executive Officer of this developer of a ... Continue reading
$7.7 Million Sale-Leaseback of Leading Tier 1 Automotive Supplier's Salisbury, North Carolina Facility NEW YORK, Jan. 25 W. P. Carey & Co. LLC , a leader in the ownership and net leasing of corporate properties, today announced that it has closed on the acquisition of a to-be-built manufacturing facility to be operated ... Continue reading
XOL Selects UrbanRide's Chauffeured Ground Transportation Platform
HAWTHORNE, NY--Jan. 25, 2001--UrbanRide, the leader in chauffeured ground transportation technology and services, announced today its platform has been selected by XTRA On-Line (XOL) for integration with its MyTrip(TM) product. XOL, a leading travel technology provider for the corporate market, will enhance the functio ... Continue reading
ANDERSON, Ind., Jan. 25 Delco Remy International, Inc. (the "Company") announced today, that a special committee of its Board of Directors recommended that holders of its Class A common stock take no action at this time with respect to a tender offer (the "Offer") by an affiliate of Citicorp Venture Capital Ltd. ("CVC" ... Continue reading
New Piping Library Manager Enriches ALGOR's PipePak
PITTSBURGH--Jan. 25, 2001--ALGOR, Inc., a leading maker of software for mechanical engineers today announced that a new piping library manager is leading the list of enhancements in the latest release of PipePak for Windows NT/95/98/2000/ME. PipePak provides piping design, analysis, visualization and reporting tools th ... Continue reading
ORLANDO, Fla., Jan. 25 Orlando Predators Entertainment, Inc. -- The Arena Football League (AFL) and arenafootball2 (af2) have announced a partnership with Ford Truck to become the "official and exclusive automotive and truck partner" of the two leagues through the 2002 season. "Having Ford join our two Leagues as a cor ... Continue reading
State Controller Connell Issues First Motor Vehicle License Fee Rebate Checks
SACRAMENTO, Calif.--Jan. 25, 2001--State Controller Kathleen Connell issued the first of over 50,000 Motor Vehicle License Fee (MVLF) rebate checks today at the state's Disbursement Center in Sacramento. The checks will begin arriving in motorists' mailboxes as early as this weekend. Residents whose registration renewa ... Continue reading
Technicians Eye Wearable Computers
WARRENDALE, Pa.--Technicians may soon seem to be talking to themselves--but in reality they’ll be feeding critical diagnostic data to their hands-free, wearable computers. Researchers at Carnegie Mellon University and Robert Bosch Corp. in Pittsburgh, in collaboration with scientists at Robert Bosch GmbH in Germany, ... Continue reading
Chrysler: "We Are Waiting On Telematics"
Reuters reported that Chrysler Says "It Sees Weak Demand in Near Future for Telematics" and that "they have no plans to rush into selling in-car computer services, despite extensive efforts from several other automakers". They reported that Chrysler officials said Wednesday they "will wait until technology advances fur ... Continue reading
MIRA LOMA, Calif.--Bikers Dream Inc. has changed its name to the Ultra Motorcycle Co. In January 2000 the company sold its five remaining Bikers Dream retail stores and the “Bikers Dream” trademark to V-Twin Holdings Inc. Ultra said it has now completed its transformation from a retailer to motorcycle manufacturer. ... Continue reading
NEW YORK, Jan. 24 Tonight, at an exclusive event for designers held at BMW of Manhattan, BMW Chief of Design Chris Bangle unveiled the BMW X coupe concept vehicle to New Yorkers and shared his vision on the future of automotive design, in a presentation entitled "Design for Life." Mr. Bangle surprised the crowd at the ... Continue reading
ColorGuard Fabric Deal Sewn-Up
EDGEFIELD, S.C.--Martin Color-Fi Inc. has sewn-up exclusive North American rights from Clariant Corp. for the Nylostab S-EED polyester fiber additive for automotive applications. The new MCF fiber is called ColorGuard--designed to be stabilized against the long-term effects of ultraviolet light and heat while providing ... Continue reading
SOUTHFIELD, Mich.--Jan. 24, 2001--Credit Acceptance Corporation announced today that consolidated net income for the quarter ended December 31, 2000 was $5,667,000 or $0.13 per diluted share compared to $3,805,000 or $0.08 per diluted share for the same period in 1999. For the year ended December 31, 2000, consolidated ... Continue reading
NEW YORK--(ENTERTAINMENT WIRE)--Jan. 24, 2001-- Spider-Man and X-Men Wolverine Themed Vehicles-Of-Destruction Set To Debut During 2001 Season Spider-Man, The X-Men and The Hulk are preparing to take on a monstrous, new challenge - the monster truck circuit. Marvel Enterprises, Inc. and SFX Motor Sports Group, a company ... Continue reading
Concept Chemicals & Coatings Ltd., based in England, offers an answer for cleaning up ugly scratches on a car’s finish. The compound can be used without water and is effective on any paint surface. Surf-ACE OE Compound also is non-flammable, and it can be painted-over. For more information, call 011-44-161-335-0213 o ... Continue reading
Imperial Parking Corporation Announces Increased Share Repurchase Limit
VANCOUVER, British Columbia--Jan. 24, 2001-- Imperial Parking Corporation ("Impark") (AMEX:IPK) today announced that its Board of Directors has increased the authorization limit for the repurchase of the Company's outstanding common stock from $1,000,000 to $1,250,000. Under the repurchase program originally launched i ... Continue reading
W.P. Carey Group Acquires Simpson Industries' Headquarters
$10 Million Sale-Leaseback of Leading Automotive Supplier's Headquarters Facility NEW YORK, Jan. 25 W. P. Carey & Co. LLC , a leader in the ownership and net leasing of corporate properties, today announced that it has closed on the acquisition of Simpson Industries, Inc.'s headquarters facility, located in Plymouth, M ... Continue reading
Autoliv: Financial Report October - December 2000
* Sales down 2% while organic sales and car production decreased 4% * Income before taxes $35 million vs. $99 million * Earnings per share $.20 - in line with expectations STOCKHOLM, Sweden, Jan. 25 Autoliv Inc. (SSE: ALIV), the worldwide leader in automotive safety systems, reported earnings per share of $.20 for the ... Continue reading
CCC Information Reports Q4 and Full Year 2000 Results
CHICAGO--Jan. 25, 2001--CCC Information Services Group Inc. , through its wholly-owned subsidiary CCC Information Services Inc., the leading provider of business solutions to the automobile claims industry, today announced the results for the fourth quarter and full year of 2000 and a funding commitment from Capricorn ... Continue reading
Arctic Cat Announces Higher Third-Quarter Sales and Earnings
THIEF RIVER FALLS, Minn.--Jan. 25, 2001--Arctic Cat Inc. today reported results for the fiscal 2001 third-quarter and nine-months ended December 31, 2000. Net sales increased 42 percent to $154.9 million for the 2001 third quarter versus $109.0 million for the same period last year. Net earnings rose 71 percent to $7.4 ... Continue reading
Oshkosh Truck Reports Net Income Up 23% in First Quarter
OSHKOSH, Wis.--Jan. 25, 2001--Oshkosh Truck Corporation reported that first quarter net income before extraordinary charge increased 23 percent to $8.2 million, or $0.48 per share, on sales of $282 million for the quarter ended December 31, 2000. This compares with net income before extraordinary charge of $6.7 million ... Continue reading
Autodaq Corporation Names Dave Reduzzi Vice President - Dealer Sales
MENLO PARK, Calif.--Jan. 25, 2001--Autodaq Corporation (www.autodaq.com), a leading business-to-business e-commerce automotive and remarketing company, has named Dave Reduzzi vice president of dealer sales. Reduzzi, a 30-year veteran of the automotive industry, will serve on the company's executive committee and report ... Continue reading
Centrix Financial Partners With Digital Insight To Offer Non-Prime Auto Lending Program
Unique Product Allows Financial Institutions to Expand Safely Into the Non-Standard Auto Lending Market ENGLEWOOD, Colo., Jan. 25 Centrix Financial, LLC, a financial and risk management firm, today announced an agreement with AnyTime Access, a Digital Insight company , to integrate the Centrix non-prime auto lending pr ... Continue reading
- Full Year 2000 Highlights - -- 12% increase in full year earnings per share from continuing operations before restructuring charges, meeting the current consensus of analysts' estimates -- 19% increase in full year total operating income before restructuring charges, 13% increase in full year sales -- Fire Rescue Gro ... Continue reading
Lithia Motors Comfortable With 4Q 2000 Expands Credit Facilities With Ford Credit
MEDFORD, Ore., Jan. 25 Lithia Motors, Inc. announced that its existing credit facility with Ford Credit has been increased by $130 million to $580 million for a three year term until November 2003. The facility includes $250 million for new and program vehicle flooring, $150 million for used vehicle flooring, $130 mill ... Continue reading
Recreation USA Reports Tampa Super Show a Success
Solid Sales at the Industry's Largest Consumer Show Kicks Off Florida Selling Season FT. LAUDERDALE, Fla., Jan. 25 Fueled by improved margins on solid sales during the just-completed Tampa RV Super Show, Holiday RV Superstores, Inc. , which operates under the tradename Recreation USA, reported its best-ever performance ... Continue reading
Sapa Group: Year-End Report for 2000
STOCKHOLM, Sweden--Jan. 25, 2001-- Strong expansion * Net sales increased by 26 percent to MSEK 15 395 (12 220) * Operating profit rose by 13 percent to MSEK 893(1) * Profit before tax totalled MSEK 705(1) (700) * Earnings per share were SEK 12.75(2) (13.0) * Profile operations expand strongly through acquisitions and ... Continue reading
SANTA ANA, Calif.--Jan. 24, 2001--Minnesota motorcyclists can enjoy the largest and oldest consumer-oriented powersports show series in the nation when The Cycle World International Motorcycle Show(R) presented by Toyota Trucks rolls into the Minneapolis Convention Center, Jan. 26-28, 2001. Celebrating its 6th year, th ... Continue reading
SKF and SNR Sign Agreement On Use of Intellectual Property Rights
STOCKHOLM, Sweden--Jan. 25, 2001--SKF and SNR have reached an agreement, which allows each party to use certain intellectual property rights, owned by the other party, in the field of wheel bearings for passenger cars. Through this agreement both SKF and SNR will get access to new applications that will contribute to b ... Continue reading
VAN NUYS, Calif.--Jan. 25, 2001--Superior Industries International Inc. plans to release financial results for the fourth quarter and twelve months ended December 31, 2000 at approximately 8:00 a.m. EST on Wednesday, January 31, 2001. Superior has scheduled a conference call that morning to discuss its results for the ... Continue reading
Tenneco Automotive Lowers 2000 Year-End Earnings Estimate
LAKE FOREST, Ill., Jan. 25 Tenneco Automotive announced today that it expects 2000 earnings results to be lower than consensus analyst estimates due primarily to difficult industry and market conditions. Significant production cutbacks by North American vehicle manufacturers, and further weakening in the global afterma ... Continue reading
Titan Announces Appointment of New Dealer
PHOENIX, Jan. 25 Titan Motorcycle Co. of America (OTC Bulletin Board: TMOTQ)announced today the appointment of a new full-service dealer responsible for sales and service of all Titan products for the greater Denver, Colorado region. Titan of the Rockies plans a formal opening of their new 15,000 square foot facility, ... Continue reading
Toyota West Virginia Plant to Webcast Major Announcement Friday
11 a.m. Friday January 26, 2001 Toyota Motor Manufacturing, West Virginia, Inc. BUFFALO, W.Va., Jan. 25 Senator Jay Rockefeller, Governor Bob Wise and Toyota Motor North America President Tag Taguchi will join TMMWV president Tomoya Toriumi and other dignitaries in an exciting announcement regarding the future of Toyot ... Continue reading
EPA Orders Ford Motor to Protect Migratory Birds, Fish and Wildlife
CHICAGO, Jan. 24 U.S. Environmental Protection Agency (EPA) Region 5 recently ordered Ford Motor Co. (Dearborn, MI), to protect migratory birds, fish and wildlife from oil waste found in the Rouge River boat slip adjacent to its property in the Rouge Manufacturing Complex. EPA inspected the site on June 2, 2000, and fo ... Continue reading
Nissan Awards Wescast Hot End Systems Business
BRANTFORD, Ontario--Jan. 24, 2001--Wescast Industries Inc. announced today it has received a letter of intent to supply machined exhaust manifolds and catalytic converter containers for Nissan's next generation V6 engine program. This engine, manufactured in Nissan's Decherd, Tennessee engine plant, will be used in nex ... Continue reading
Progressive Corporation Announces Fourth Quarter Results
MAYFIELD VILLAGE, Ohio, Jan. 24 The Progressive Corporation reported fourth quarter 2000 operating income per share of $.67, which excludes net realized gains on security sales and one-time items, compared to $.06 in the fourth quarter last year. Operating income for the fourth quarter was $50.1 million, compared to $4 ... Continue reading
AUBURN HILLS, Mich.--Siemens Automotive has developed a tire pressure monitoring system that is universal for all standard tires. The system will be making its official market debut on an unnamed 2002 European vehicle. “This potentially is one of the best solutions to customer tire safety concerns and the impendi ... Continue reading
USA Truck Announces Fourth Quarter Operating Results
VAN BUREN, Ark.--Jan. 24, 2001--USA Truck, Inc. announced operating revenues of $57,559,612 for the quarter ended December 31, 2000, up 11.5% from $51,629,555 for the same quarter of 1999. The net loss of $1,203,978 or $.13 per diluted share for the fourth quarter compares to a net profit of $2,193,593 or $.24 per dilu ... Continue reading
CART: Team Target Cashes in at Las Vegas Test
CART: Team Target Cashes in at Las Vegas Test ... Continue reading
NASCAR WCUP: The Dodge Report: A Regular Update from the Dodge Garage
The Dodge Report: A Regular Update from the Dodge Garage ... Continue reading
NASCAR WCUP: TONY STEWART A Sophomore No More
TONY STEWART A Sophomore No More=20 ... Continue reading
NHRA Announces 50th Anniversary nationals at Pomona Raceway in Summer 2001
NHRA Announces 50th Anniversary nationals at Pomona Raceway in Summer 2001 ... Continue reading
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