DaimlerChrysler Leads Fuel Cell Vehicle Development
AUBURN HILLS, Mich. and STUTTGART, Germany, Dec. 12 -- The Chrysler Town & Country Natrium continues DaimlerChrysler's leadership in designing, engineering, building and testing concept vehicles that demonstrate the most advanced fuel cell technology. Beginning in 1994 with the world's first operating fuel cell-powered ... Continue reading
Coachmen Reports Strong Sales at Louisville, KY RV Trade Show
ELKHART, Ind., Dec. 12 -- Coachmen Industries, Inc. enjoyed significant orders and new dealer applications at the recent recreational vehicle (RV) industry's national trade show in Louisville, Kentucky. ``We were very pleased with our dealers' response at Louisville. During the show, our orders increased by about 25 pe ... Continue reading
Southland Traffic Congestion and Housing Get Low Marks While Air Quality and Economy Make the Grade
SCAG's 2001 State of the Region Report Also Compares Southern California With The Rest of the Nation's Major Metropolitan Areas and Regions. LOS ANGELES, Dec. 13 -- Southern California, while experiencing solid economic growth, safer streets and improved air quality, still falls short in terms of reducing traffic, meet ... Continue reading
Consumer Reports Puts Spotlight on Industry that Rebuilds Badly D amaged Vehicles
CONTACT: Douglas Love, 914-378-2437, lovedo@consumer.org CONSUMER REPORTS PUTS SPOTLIGHT ON SHADOWY INDUSTRY THAT REBUILDS 400,000 BADLY DAMAGED VEHICLES ANNUALLY Legal loopholes often keep consumers in the dark YONKERS, NY - A six-month investigation by Consumer Reports has found that hundreds of thousands of cars tha ... Continue reading
CTS Board of Directors Elects James L. Cummins Senior Vice President Administration, CTS Corporation
ELKHART, Ind.--Dec. 12, 2001--The Board of Directors of CTS Corporation , has elected James L. Cummins senior vice president administration, CTS Corporation, effective December 31, 2001, according to an announcement today by Donald K. Schwanz, president and chief executive officer of CTS. In addition to Cummins' curren ... Continue reading
CTS Board of Directors Elects Richard G. Cutter, III, Secretary, CTS Corporation
ELKHART, Ind.--Dec. 12, 2001--The Board of Directors of CTS Corporation , has elected Richard G. (Dick) Cutter, III, secretary of CTS Corporation, effective December 31, 2001, according to an announcement today by Donald K. Schwanz, president and chief executive officer of CTS. He replaces Jeannine M. Davis who is reti ... Continue reading
Driver Spotlight on Will Nonnamker
Driver Spotlight on Will Nonnamker DAYTONA BEACH, Fla. (Dec., 12, 2001) - Will Nonnamaker's 2001 season was one that he will never forget. Nonnamaker was the only driver in Grand-Am Cup to score a podium finish at every race as he scored six wins, two seconds, and two thirds. His average finishing position of 1.6 was e ... Continue reading
Electric Vehicle's Versatility Gives DaimlerChrysler A 'GEM' of an Idea - In Fact Several
SACRAMENTO, Calif., Dec. 12 -- DaimlerChrysler , the nation's leading manufacturer of electric vehicles for use on public streets, is showcasing the versatility and functionality of its GEM neighborhood electric vehicle by presenting a variety of specialty versions at the Electric Transportation Industry Conference in ... Continue reading
Fitch Issues Presale Report on Capital One Auto Finance Trust 2001-B
NEW YORK--Dec. 12, 2001--Fitch issued a presale report today on Capital One Auto Finance Trust 2001-B discussing the rating analysis behind Fitch's expected ratings on the offered notes. The collateral securing the notes is a pool of automobile contracts, the majority of which are subprime, secured by new and used auto ... Continue reading
DAYTON, Ohio--Dec. 12, 2001-- ReySource Solution to Provide 362 GMMDA Dealers Time, Cost Savings Through Streamlined Procurement Process The Reynolds and Reynolds Company today announced an agreement with the General Motors Minority Dealers Association (GMMDA) to provide GMMDA member dealerships with ReySource(TM) (www ... Continue reading
Jiffy Lube Making Holiday Travel Safer; Free Safe Travel Guide Offered with Pre-Holiday Service
HOUSTON--Dec. 12, 2001--Houston area Jiffy Lube service centers will offer customers a free holiday travel guide throughout December with the purchase of a Signature Service(TM) oil change. The travel guide will provide tips to ensure safe holiday travel for all. The fast lube industry leader has prepared a special "Gu ... Continue reading
Press Release: Fiat Finance Canada Ltd.
Press Release: Fiat Finance Canada Ltd. Date of Release: Dec 12, 2001 Confirms at R-1 (low) Kam Hon, David Schroeder / 416-593-5577 ext.2243, ext.2232 / e-mail: khon@dbrs.com Rating Trend Rating Action Debt Rated R-1 (low) Stable Confirmed Commercial Paper DBRS is confirming the commercial paper rating of Fiat Finance ... Continue reading
iSECUREtrac Corp Announces New Board Members
OMAHA, Neb.--Dec. 12, 2001 - iSECUREtrac(TM) Corp (OTCBB:ISRE) announced today the appointment of four new members to its board of directors. The new board members are Dr. Ravi Nath, Chairman of the Department of Information Systems and Technology in the College of Business Administration at Creighton University in Oma ... Continue reading
AAA Texas Says Holiday Gas Prices Hit New Lows; More People Expected to Travel By Auto
HOUSTON--Dec. 12, 2001--Motorists planning a Christmas - New Year's vacation will see bargain prices at the pumps. The statewide average price for regular self-serve is $1.03 a gallon. A year ago, Texans were shelling out $1.37 a gallon -- 34 cents more. Nationally, motorists are currently paying an average of $1.12 fo ... Continue reading
--Auto Club WHO: Thomas McKernan, president and CEO, Auto Club, Maria Contreras-Sweet, secretary of business, transportation and housing; Chief Jill Angel, California Highway Patrol. WHAT: Drunk driving statistics are up in California for the first time in nearly two decades. Auto Club to discuss who's driving up the s ... Continue reading
VANCOUVER, B.C.--Dec. 12, 2001--Ballard Power Systems announced today that it has completed the acquisition of the interest of EBARA Corporation ("EBARA") in Ballard's stationary power subsidiary, Ballard Generation Systems Inc. ("BGS"), through the issuance of 1,233,566 of Ballard's common shares in a transaction valu ... Continue reading
Copart Announces a 3-for-2 Forward Stock Split
BENICIA, Calif.--Dec. 12, 2001--The Board of Directors of Copart, Inc. has declared a 3-for-2 forward split of the Company's common stock. Copart shareholders will receive one new additional share for every two shares of Copart common stock held on the record date. The Company will pay in cash the fair market value of ... Continue reading
CTS Board of Directors Elects H. Tyler Buchanan Senior Vice President, CTS Corporation
ELKHART, Ind.--Dec. 12, 2001--The Board of Directors of CTS Corporation , has elected H. Tyler Buchanan senior vice president, CTS Corporation effective December 31, 2001, according to an announcement today by Donald K. Schwanz, president and chief executive officer of CTS. Prior to his promotion Buchanan held the posi ... Continue reading
Cummins Files Amendment to Form S-3
COLUMBUS, Ind.--Dec. 12, 2001--On December 11, 2001, Cummins Inc. and Cummins Capital Trust I filed Amendment No.2 to their Registration Statement on Form S-3 (file No. 333-68592) with the Securities and Exchange Commission. This registration Statement relates to the registration of 6,000,000 7% Convertible Cumulative ... Continue reading
RICHARDSON, Texas--Dec. 12, 2001-- InterTrak(TM) Provides Law Enforcement Agencies an Ultra-Fast, Real North American Vehicle Location System Without Specially Equipped Patrol Cars or Software! One company has prided itself as being the only stolen vehicle recovery network under police control and the car owner's only ... Continue reading
ESCONDIDO, Calif.--Dec. 12, 2001--Laforza Automobiles Inc. (Pink Sheets:LFZA) (OTCBB:LFZA) today announced an agreement with Laforza Distributors Inc. ("LDI") to purchase the Laforza worldwide distribution rights for its new line of Personal Security Vehicles ("PSV") for four million eight hundred thousand dollars ($4, ... Continue reading
Safari Associates Announces the Formation of Safari Safety Products Division
AMSTERDAM, N.Y.--Dec. 12, 2001--Safari Associates, Inc., (OTCBB:SAFR) announced today that it has created a new division to develop and market a wide range of innovative safety products. Safari Safety Products is a natural expansion for the company that introduced Molecuthane(TM), an amazing, new material/technology wh ... Continue reading
Scania Continues Restructuring of its Latin American Operations
STOCKHOLM, Sweden--Dec. 12, 2001--Scania is taking determined action to improve both income and costs in order to return its Latin American operations to profitability. In Brazil, the biggest effects are expected through major price hikes, while actions in Argentina focus on reducing costs. In Brazil, Scania is raising ... Continue reading
The Auxer Group's Registration Clears SEC Comments; Chairman Announces Changes To Be Made
WEST PATERSON, N.J.--Dec. 12, 2001--The Auxer Group, Inc. (OTCBB:AXGI)(www.axgiinvestor.com) announced today that The Auxer Group's Form SB2 registration statement has been cleared of further comments from the United States Securities and Exchange Commission (SEC) and was declared effective at 12:00 p.m. (EST), Decembe ... Continue reading
Volvo Construction Equipment to Launch Own Backhoe Loader
STOCKHOLM, Sweden--Dec. 12, 2001--Volvo Construction Equipment (Volvo CE) has created its own and completely new Backhoe Loader range. To develop and design this new machine, Volvo CE has put together a highly experienced team of product specialists coming from key markets worldwide. The finished product will be the re ... Continue reading
JENSEN ELECTED TO LEAD SCCA BOARD INTO NEXT GENERATION
JENSEN ELECTED TO LEAD SCCA(r) BOARD INTO NEXT GENERATION CENTENNIAL, Colo. (December 12, 2001) -- The Sports Car Club of America, Inc. Board of Directors has elected JoAnne Jensen to be its Chairman, expanding her role from the position of Vice Chairman, held since 2000. Jensen replaces K.P. Jones as the Chairman of t ... Continue reading
Agila "Njoy" - New Design Edition of Opel's Best-Selling Microvan
FOR RELEASE: December 12, 2001 Agila "Njoy" - New Design Edition of Opel's Best-Selling Microvan Complete Agila range now with standard Active Head Restraints and side airbags Rüsselsheim - Europe's best-selling microvan, the Opel Agila, is now available in a special, top-of-the-range design edition called "Njoy". The ... Continue reading
EagleOne-Shav Glick Motor Racing Awards
----- Original Message ----- From: Alex Litrov To: submit@theautochannel.com Sent: Tuesday, December 11, 2001 3:41 PM Subject: Motor Racing Award MOTOR RACING LEGENDS NOMINATED FOR EAGLE ONE-SHAV GLICK AWARD Carlsbad, Calif., December 12, 2001 -- Parnelli Jones, Rick Mears, Don Prudhomme, Les Richter and Mickey Thompso ... Continue reading
December 13, 2001 Sacramento - German Chancellor Gerhard Schroeder was in attendance on Tuesday, as was Dresden's Staatskapelle orchestra and hundreds of European auto industry executives and media representatives. The occasion was the opening of Volkswagen's first luxury car assembly plant and the point from which the ... Continue reading
December 13, 2001 Sacramento - We've been getting real antsy watching the news on TV with scenes of Marines riding around in Humvees, dust pouring up from the back and a gunner riding shotgun on a 50 cal. machine gun mounted on the hood. If this is your kind of vehicle too, then we have some good news. General Motors r ... Continue reading
ISUZU SUV Production Headed to the U.S.
December 13, 2001 Sacramento - General Motors' Isuzu unit announced Wednesday that it plans to move production of its Trooper SUV to the United States when the next model changeover occurs. It wasn't clear whether the company would continue to operate its plant in Japan after the U.S. plant was established. While there ... Continue reading
December 13, 2001 Sacramento - Quality became a real serious issue in the automotive industry in the 1980s and at the point where U.S. makers recognized the quality of their vehicles was waning, the quality of Japanese and some European makers was getting better and better. At first there was a quality solution program ... Continue reading
More Jobs Lost as Industry Prepares for 2003
December 13, 2001 Sacramento - No matter how optimistic you'd like to be, the first half of 2003 looks like it will be filled with economic malaise. Realization of that is prompting numerous auto companies to prepare with increased belt tightening and more jobs cuts. Our story began in Italy this past Tuesday, where fo ... Continue reading
Mazda's New Plastic Goes Zoom Zoom
December 13, 2001 Sacramento - Japan's Mazda says it has developed a "super-strong" long-glass fiber reinforced polypropylene that is allowing it to use plastics where they were never used before, thereby reducing weight and consolidating parts. Mazda says it is using the new plastic to injection mold the front end mod ... Continue reading
Suppliers Shut Daewoo Down Again
December 13, 2001 Sacramento - Bankrupt Daewoo has had to shut its assembly lines down once again because of parts shortages. All three of the company's main plants halted production yesterday when parts suppliers froze shipments demanding payment of some $667.8 million in unpaid bills. The suppliers are obviously tryi ... Continue reading
EU Wants to Change Auto Sales Regs
December 13, 2001 Sacramento - The European Union has some strange regulations related to vehicle sales, most of them passed over the years in trying to deal with automakers selling in multiples of countries, often with different regulations and laws. Trying to exploit some of these vagaries has gotten makers like Merc ... Continue reading
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