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December 2001

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Thursday, December 20, 2001

Asbury Automotive Group Selects DealerTrack Online Auto Finance System

Asbury Automotive Group Selects DealerTrack Online Auto Finance System

MELVILLE, N.Y.--Dec. 20, 2001-- DealerTrack Continues Penetration Among Top Auto Groups DealerTrack(SM) today announces that Asbury Automotive Group, L.L.C., Stamford, CT, one of America's largest dealer groups, has selected DealerTrack as its corporate standard for processing business online with financial institution ... Continue reading

Asbury Automotive Group Selects DealerTrack Online Auto Finance System

Asbury Automotive Group Selects DealerTrack Online Auto Finance System

MELVILLE, N.Y.--Dec. 20, 2001-- DealerTrack Continues Penetration Among Top Auto Groups DealerTrack(SM) today announces that Asbury Automotive Group, L.L.C., Stamford, CT, one of America's largest dealer groups, has selected DealerTrack as its corporate standard for processing business online with financial institution ... Continue reading

AutoTradeCenter Launches National Internet Remarketing Program for Volvo Finance North America Inc.

AutoTradeCenter Launches National Internet Remarketing Program for Volvo Finance North America Inc.

SCOTTSDALE, Ariz.--Dec. 20, 2001--AutoTradeCenter (OTC BB: AUTC) Thursday announced the successful launch of its Web-enhanced vehicle-remarketing program, Volvo Finance Remarketing Internet Database Explorer (VolvoRIDE), for Volvo Finance North America Inc. VolvoRIDE is designed to assist in the disposition of over 30, ... Continue reading

AutoTradeCenter Launches National Internet Remarketing Program for Volvo Finance North America Inc.

AutoTradeCenter Launches National Internet Remarketing Program for Volvo Finance North America Inc.

SCOTTSDALE, Ariz.--Dec. 20, 2001--AutoTradeCenter (OTC BB: AUTC) Thursday announced the successful launch of its Web-enhanced vehicle-remarketing program, Volvo Finance Remarketing Internet Database Explorer (VolvoRIDE), for Volvo Finance North America Inc. VolvoRIDE is designed to assist in the disposition of over 30, ... Continue reading

Supreme Industries Announces Extension of Stock Repurchase Program

Supreme Industries Announces Extension of Stock Repurchase Program

GOSHEN, Ind.--Dec. 20, 2001--Supreme Industries, Inc. (AMEX:STS) (the "Company") announced today that it is extending through December 31, 2002, its currently-existing stock repurchase program which had been scheduled to expire on December 31, 2001. Under the existing program earlier announced on February 2, 2001, the ... Continue reading

Textron Completes Sale of Automotive Trim Unit to Collins & Aikman

Textron Completes Sale of Automotive Trim Unit to Collins & Aikman

PROVIDENCE, R.I.--Dec. 20, 2001--Textron Inc. today announced that it has completed the sale of its Automotive Trim business, consistent with terms previously announced on December 3, 2001, to Collins & Aikman Products Company, a subsidiary of Collins & Aikman Corporation . Textron Inc. (www.textron.com) is a $13 billi ... Continue reading

The Major Automotive Companies Announces Extension of Credit Arrangement

The Major Automotive Companies Announces Extension of Credit Arrangement

LONG ISLAND CITY, N.Y.--Dec. 20, 2001--The Major Automotive Companies, Inc. (f/k/a Fidelity Holdings, Inc.) announced today that DaimlerChrysler Services North America LLC (successor by merger to Chrysler Financial Company, LLC), one of its primary floor plan credit sources for the financing of its vehicle inventory, h ... Continue reading

2003 Civic Hybrid Will Get 50MPG

2003 Civic Hybrid Will Get 50MPG

WASHINGTON, Dec. 20 -- American Honda Motor Co., Inc., unveiled its new gas-electric Civic Hybrid model today at a press conference for the Washington D.C. Auto Show. The Civic Hybrid is making its North American debut at the Show, which opens to the public Dec. 26. The Civic Hybrid uses a small gasoline engine coupled ... Continue reading

Anti-Lock Brake Systems For Medium Duty Trucks

Anti-Lock Brake Systems For Medium Duty Trucks

AUBURN HILLS, Mich., Dec. 20 -- Continental Teves anti-lock brake systems (ABS) are rolling off the production line for General Motors medium duty trucks. Called the MK50, the unit uses the very latest in automotive electronics technology and is designed specifically for the growing medium duty truck market (Class 4 - ... Continue reading

National Internet Remarketing Program for Volvo Launched

National Internet Remarketing Program for Volvo Launched

SCOTTSDALE, Ariz.--Dec. 20, 2001--AutoTradeCenter Thursday announced the successful launch of its Web-enhanced vehicle-remarketing program, Volvo Finance Remarketing Internet Database Explorer (VolvoRIDE), for Volvo Finance North America Inc. VolvoRIDE is designed to assist in the disposition of over 30,000 annual matu ... Continue reading

GM to Unveil Seven New Vehicles

GM to Unveil Seven New Vehicles

DETROIT AP reports that General Motors plans to unveil three new production vehicles and four concept cars at next month's North American International Auto Show in Detroit, the automaker said. ``The secret's out: General Motors is recapturing the glory of its past and creating a bright, bodacious future with a fleet o ... Continue reading

Paratus Capital And TruckPro Management Buys Company From AutoZone

Paratus Capital And TruckPro Management Buys Company From AutoZone

MEMPHIS, Tenn., Dec. 20 -- Paratus Capital Management announced that it has joined with management to acquire TruckPro, from its publicly traded parent, AutoZone, Inc. Fleet Capital Corporation is providing the senior bank financing. TruckPro, headquartered in Memphis, Tennessee, distributes heavy duty truck parts thro ... Continue reading

GM Asks NHTSA To Mandate Daytime Running Lamps In All New Vehicles

GM Asks NHTSA To Mandate Daytime Running Lamps In All New Vehicles

DETROIT, Mich. - In anticipation of the arrival of winter on Dec. 21 - the shortest day of the year -- General Motors Corporation has asked the federal government to require all automakers to install daytime running lamps (DRLs) on new vehicles sold in the U.S. Backed with research that proves daytime running lamps hav ... Continue reading

Telematics Services Ramping Up

Telematics Services Ramping Up

Good Telematics Overview From CommWeb.com: In-car systems may hold the key to wireless revenue growth - unfortunately for carriers, they have to share with the car companies. Telematics - the subsector of the wireless industry that deals with getting voice and data services into automobiles - is one of the hottest segm ... Continue reading

Australian Scientists Warn of Dangers In That New Car Smell

Australian Scientists Warn of Dangers In That New Car Smell

SYDNEY You wont believe this story from Reuters: Australian scientists have warned that the reassuring smell of a new car actually contains high levels of toxic air emissions which can make drivers ill. A study by Australia's main scientific body, the Commonwealth Scientific and Industrial Research Organization (CSIRO) ... Continue reading

MotorVac Adds Cornwell as a New Distributor

MotorVac Adds Cornwell as a New Distributor

SANTA ANA, Calif.--Dec. 20, 2001--MotorVac Technologies Inc. has announced that Cornwell Tools Inc. will now distribute its full line of products, along with other select tool dealers and automotive equipment suppliers. Cornwell will greatly expand MotorVac's dealer network and will provide end-user customers with much ... Continue reading

FordDirect Completes 50-State Roll-out

FordDirect Completes 50-State Roll-out

DEARBORN, Mich., Dec. 20 -- FordDirect, the online joint venture created by Ford Division dealers and Ford Motor Company, today announced that its nationwide roll-out is complete, and customers in all 50 states may now shop for cars and trucks directly from Ford dealers over the Internet. ``Today marks an important mil ... Continue reading

Onkyo America Files for Bankruptcy

Onkyo America Files for Bankruptcy

PALM BEACH GARDENS, Fla.--Dec. 20, 2001--Global Technovations, Inc. (AMEX:GTN - news) or (``GTI'', or the ``Company'') announced today that its wholly-owned subsidiary, Onkyo America, Inc. (``OAI''), operating in Columbus, Indiana and Troy, Michigan filed a liquidating Chapter 11, providing for the liquidation of all a ... Continue reading

Chrysler Group Earns a Truck-Load of Awards At Ninth Annual Texas Truck Rodeo

Chrysler Group Earns a Truck-Load of Awards At Ninth Annual Texas Truck Rodeo

The AUBURN HILLS, Mich., Dec. 20 -- The Chrysler Group took home a truck-load of awards from the 2001 Texas Truck Rodeo, which is sponsored by the Texas Automotive Writers Association (TAWA). The Dodge Dakota Quad Cab, Jeep® Liberty and Jeep Grand Cherokee were all announced as first place winners in their respective ... Continue reading

DaimlerChrysler, Honda, Cadillac and Lincoln Debut New Models at Washington Auto Show

DaimlerChrysler, Honda, Cadillac and Lincoln Debut New Models at Washington Auto Show

WASHINGTON, Dec. 20 -- The Washington Auto Show: Hot Wheels® 2002 will introduce new vehicles to the marketplace this year, hosting a national debut for Honda, a Washington premiere for Cadillac and a world debut for Lincoln. In addition, two DaimlerChrysler prototype vehicles will make their auto show debut. Celebrat ... Continue reading

Tenneco Automotive Announces Fourth Quarter Charge

Tenneco Automotive Announces Fourth Quarter Charge

Company Initiates Worldwide Effort to Improve Manufacturing and Distribution Efficiency LAKE FOREST, Ill., Dec. 20 -- Tenneco Automotive announced today that the company has received approval from its board of directors to begin implementing the first phase of a company-wide initiative to optimize its global manufactur ... Continue reading

Gregory L. Summe Elected TRW Director

Gregory L. Summe Elected TRW Director

CLEVELAND, Dec. 20 -- TRW Inc.today announced the election of Gregory L. Summe, chairman, president and chief executive officer of PerkinElmer, Inc., to the company's board of directors. The appointment of the technology-focused executive, approved by the company's board of directors, is effective immediately and incre ... Continue reading

Gentex Begins Shipping Automatic-Dimming Mirrors for Several Audi Vehicles

Gentex Begins Shipping Automatic-Dimming Mirrors for Several Audi Vehicles

ZEELAND, Mich., Dec. 20 -- Gentex Corporation , the Zeeland, Michigan-based manufacturer of automatic-dimming rearview mirrors and commercial fire protection products, has begun shipping interior automatic-dimming rearview mirrors with compass displays for the 2002 Audi A4 and A6 sedans, as well as the allroad quattro ... Continue reading

Volkswagen Adds Broadband and MPLS Enabled IP VPN's to 60 International Locations

Volkswagen Adds Broadband and MPLS Enabled IP VPN's to 60 International Locations

FRANKFURT, Germany & EL SEGUNDO, Calif.--Dec. 20, 2001--Infonet Services Corporation (FSE:IN), a leading provider of global communications for multinationals, today announced it has been awarded a three-year multi-service renewal contract with Volkswagen AG, the premier German automobile manufacturer, to provide global ... Continue reading

DaimlerChrysler to Demonstrate Alternative Vision of Hybrid Fuel Vehicles at 2002 Washington, D.C. Auto Show

DaimlerChrysler to Demonstrate Alternative Vision of Hybrid Fuel Vehicles at 2002 Washington, D.C. Auto Show

Hybrid Technology Showcased in Unique Military and Civilian Formats Dodge Ram HEVs to Come with On-board Generator WASHINGTON, Dec. 19 -- With the debut of two prototype vehicles at the 2002 Washington, D.C. Auto Show December 20, 2001 -- The Dodge Ram COMBATT and the Jeep® Liberty HEV hybrid electric vehicle -- Daiml ... Continue reading

Canadian Windshield Manufacturer Welcomes Initiation of Dumping Investigation of Chinese Automotive Replacement Glass Windshields

Canadian Windshield Manufacturer Welcomes Initiation of Dumping Investigation of Chinese Automotive Replacement Glass Windshields

TORONTO--Dec. 18, 2001--PPG Canada Inc. today received the decision of the Canada Customs and Revenue Agency (CCRA) to initiate a dumping investigation of automotive replacement glass (ARG) windshields from the People's Republic of China. "The Government of Canada's decision to initiate this investigation is encouragin ... Continue reading

Crown Group, Inc. Reports Second-Quarter FY2002 Earnings From Continuing Operations of $0.29 Per Diluted Share, Excluding One-Time Charges

Crown Group, Inc. Reports Second-Quarter FY2002 Earnings From Continuing Operations of $0.29 Per Diluted Share, Excluding One-Time Charges

IRVING, Texas--Dec. 18, 2001--Crown Group, Inc. ("Crown" or the "Company") today announced its operating results for the second quarter and first half of FY2002. The Company's results for the quarter are segmented into continuing and discontined operations, reflecting its recent decision to sell all businesses and inve ... Continue reading

CustomerLink Systems and Winworks Software Team Up

CustomerLink Systems and Winworks Software Team Up

ROSEVILLE, Calif.--Dec. 18, 2001--Today, CustomerLink Systems, a leader in delivering high-quality Customer Retention and Loyalty Services to the automotive aftermarket, announced their co-marketing agreement with Winworks Software and the release of a CustomerLink Certified software utility by Winworks. The relationsh ... Continue reading

Featherlite, Inc. To Explore Strategic Alternatives

Featherlite, Inc. To Explore Strategic Alternatives

CRESCO, Iowa--Dec. 18, 2001--Featherlite, Inc. , a leading manufacturer and marketer of specialty aluminum trailers and luxury motorcoaches, announced today that its board of directors has retained the investment banking firm of Goldsmith Agio Helms to assist the Company in exploring various strategic alternatives for ... Continue reading

Robotic Vision Systems, Inc.'s Material Handling Business Acquired by the SICK Group

Robotic Vision Systems, Inc.'s Material Handling Business Acquired by the SICK Group

MINNEAPOLIS & CANTON, Mass.--Dec. 18, 2001--SICK, Inc.: TITLE CORRECTION from SICK, Inc.: This is a re-issue of SICK, Inc.'s trade press release regarding the acquisition of RVSI's Material Handling business. An earlier headline sent 12/18/01 misstated the scope of the acquisition. The SICK Group, a privately held glob ... Continue reading

SEMA Press Release: U.S. SENATE BILL THREATENS VEHICLE HOBBY

SEMA Press Release: U.S. SENATE BILL THREATENS VEHICLE HOBBY

Dear SEMA friend, This Senate bill is very important to those men and women and companies involved with the specialty equipment marketplace. You may have seen this notice already. If so, please accept our apologies for redundancy. If this is news to you, please consider telling your audiences about this bill which coul ... Continue reading

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