New Car Review 2003 MitsubishiOutlander
by Marc J. Rauch, Exec. Vice President & Co-Publisher Mitsubishi Motors continues to make impressive inroads into the North American auto market with the introduction of their all new Outlander sport utility vehicle. Classified as a “crossover” vehicle, the high-style, entry level Outlander promises the rid ... Continue reading
MINI PRICING FOR 2003 MODEL YEAR ANNOUNCED
12. August 2002 http://www.theautochannel.com/cybercast/2001autoshows/naias /010108-minicooper-300.asx CLICK4 Broadband Video Of MINI US Unveiling Detroit 2001 Woodcliff Lake, New Jersey, August 12, 2002 ... MINI USA has announced Manufacturer's Suggested Retail Price (MSRP) for the 2003 model year MINI Cooper and MINI ... Continue reading
Ford Credit Error Costs Ford Stockholders up to $87,000,000
DETROIT, Aug 12 Reutersis reporting that Ford Motor Co.had settled a class-action lawsuit over vehicle leasing for as much as $87 million, depending on claims from 1.8 million customers nationwide. The company said in a quarterly filing with the U.S. Securities and Exchange Commission that it had settled a class-action ... Continue reading
DETROIT, Aug. 12 -- In an exclusive report, TheCarConnection.com lifts the covers off Cadillac's new V-Series. That's "V" as in "velocity," says General Motors "Car Czar" Bob Lutz. Starting next year with the 400-hp Caddy CTSi, Lutz promises the new line-up will take on high- performance imports like Mercedes' AMG and ... Continue reading
Paul Maidment writing for Forbes submited this insightfull piece on Ford, I thought you would like to see it here. 08.12.02 NEW YORK - If you want further evidence that the market is addressing the problems of aggressive accounting in the only way it knows how--by destroying market value--look no further than today's a ... Continue reading
MAYFIELD VILLAGE, Ohio, Aug. 12 Progressive was recently recognized by the Association for Cooperative Operations Research and Development (ACORD) as the top carrier for personal lines policy information download to agencies. ACORD -- the insurance industry's nonprofit developer of standards for electronic information ... Continue reading
SACRAMENTO, Calif.--Aug. 12, 2002--Poor quality work, cheating, and inflated pricing in auto body repair shops are big concerns among California consumers, according to a recent poll conducted by COMsciences, Inc. for Allstate Insurance Company. Californians overwhelmingly support increased competition in auto repair a ... Continue reading
SIMI VALLEY, Calif.--Aug. 12, 2002--Crimestopper Security Products Inc., a leader in the Vehicle Security Industry for over 20 years, announced today that it has selected Satronics to develop its next generation automated wireless GPS automotive security system designed to give owners total control of their vehicles vi ... Continue reading
WATERTOWN, Conn.--Aug. 12, 2002-- Conference call slated for Thursday, August 15 at 4:00 p.m. (EDT) Hometown Auto Retailers, Inc. (OTCBB:HCAR) today announced financial results for the quarter and six-month period ended June 30, 2002. Hometown reported revenues of $73.0 million in the second quarter of 2002 versus rest ... Continue reading
SAN DIEGO--Aug. 12, 2002--Mitchell International announced today that Nick Notte, former head of Allstate's nationwide Direct Repair Program (DRP), has joined Mitchell as vice president of Network Business Development. In this role, Notte will oversee the continued development, implementation and management of the Mitc ... Continue reading
Orbis Online Selected as Reverse Auction Services Provider for General Services Administration
SAN ANTONIO, Texas --Aug. 12, 2002-- GSA awards five-year contracts for online reverse auction services for obtaining best pricing and streamlining government procurement Orbis Online (Orbis) announced today that it has been selected as a contractor by the General Services Administration (GSA) -- Contract Number GS07T0 ... Continue reading
Prime Capital Resources, Inc. Acquires $2.5 Million Loan Portfolio From Household Finance -HFC-
NEW YORK--Aug. 12, 2002-- Deficient Auto Loan Portfolio to Augment Existing Credit Card Collection Business Gerry Schwebel, Operations Manager, of Prime Capital Resources, Inc. (OTC "PCRC") announced today that its debt buying and collections subsidiary Professional Adjustment Systems, (PAS) has acquired a portfolio of ... Continue reading
EULESS, Texas--Aug. 12, 2002--Warrantech Corporation (OTC:WTEC), a leader and innovator in administering service contracts and aftermarket warranties, today reported profits for the ninth consecutive quarter. Net income reached $709,881 or $0.05 per diluted share for the company's fiscal first quarter 2003, which ended ... Continue reading
MILWAUKEE--Aug. 12, 2002--ARI (OTCBB:ARIS), a leading provider of catalog-enabled business solutions to connect equipment manufacturers with their service and distribution networks announced today that Yamaha Motor Corporation, U.S.A. of Cypress, Calif. has licensed ARI's PartSmart(TM) electronic parts catalog software ... Continue reading
PATRICK CARPENTIER CAPTURES SECOND VICTORY THIS SEASON IN DOMINATING FASHION AT MID-OHIO
CARPENTIER AND FORD-COSWORTH VICTORIOUS IN TWO OF LAST THREE RACES – Player’s/Forsythe driver Patrick Carpentier capped a dominating weekend by capturing his third career victory, and his second in three races, today from the pole in the CART Grand Prix of Mid-Ohio. Christian Fittipaldi was second, Michael ... Continue reading
MANN+HUMMEL AUTOMOTIVE Names Dishaw as New Director of Sales And Business Development
BLOOMFIELD HILLS, Mich., Aug. 12 -- MANN+HUMMEL today announced the appointment of Richard Dishaw to the position of Director of Sales and Business Development. He is now responsible for all OEM sales and business development activities for the company in the United States. ADVERTISEMENT Dishaw joined the company in Ju ... Continue reading
New Coalition Seeks to Improve Insurance Affordability in Texas
AUSTIN, Texas--Aug. 12, 2002--Insurers in Texas share the concerns of home and auto owners looking for more affordable insurance. The Texas Coalition for Affordable Insurance Solutions (TCAIS -- pronounced "T-case") is a newly created proactive alliance of insurance providers and trade organizations committed to workin ... Continue reading
Toyota Prius Is First Hybrid Vehicle Certified By IRS for $2,000 Tax Deduction
WASHINGTON, Aug. 12 -- The Toyota Prius is the first hybrid electric-gasoline automobile to be certified by the United States Internal Revenue Service as eligible for a $2,000 clean-burning fuel tax deduction. In a July 26, 2002 letter to Toyota the IRS said, "We have determined that a purchaser of this hybrid vehicle ... Continue reading
Hayden Clinches AMA Superbike Title!
AMA Chevy Trucks U.S. Superbike Championship, Round 15, Virginia Int'l Raceway - Alton, VA, August 10, 2002 Honda Racing's Nicky Hayden won the first race today at Virginia International Raceway and clinched the AMA/Chevy Trucks U.S. Superbike Title. "I am so happy to win the title" said an elated Hayden, "I just want ... Continue reading
Ford dumps Kwik-Fit, CTA in cash race
August Cole, wrote this piece for CBS.MarketWatch.com we thought you might like to read it here. Aug. 12, 2002 DEARBORN, Mich. (CBS.MW) - Ford Motor said Monday it's selling domestic and European maintenance and repair operations as part of a corporate drive to raise $1 billion by year's end. The No. ... Continue reading
Ford to Sells Kwik-Fit at Significant Loss
DETROIT Reuters reported that Ford Motor Co. on Monday said it agreed to sell its Kwik-Fit vehicle repair business to a private equity group for less than a third of what Ford paid three years ago. The private equity group, London-based CVC Capital Partners, will purchase Kwik-Fit for $500 million in cash and a note to ... Continue reading
Big Three Blowing Hot Air - Forbes
Another Guest Editorial From Jerry Flint August 12, 2002. It was 30 years or so ago--and I missed a story. The vice chairman of Ford Motor was dedicating an arboretum in Ann Arbor, Mich., and I skipped it. Arjay Miller chose this event to say that Ford would mass-produce an electric car within five to ten years. Hot ne ... Continue reading
Priestley's Spine Fractured at Kentucky Speedway
SPARTA, Ky. Steve Hermann writing for the Associated Press reported that actor Jason Priestley, on the fast track to a major professional racing career, was in serious condition with a concussion, broken back and other injuries from a head-on crash in his race car at almost 180 mph. The former"Beverly Hills 90210" tele ... Continue reading
Rare slip-up costs J. Gordon at Watkins Glen
August 12, 2002 WATKINS GLEN, N.Y. AP reported that in the past five years, Jeff Gordon has established himself as the king of NASCAR's two road courses with a Winston Cup-record seven wins, including four in five years at Watkins Glen International. Despite starting 23rd Sunday, Gordon was in the top-10 as the race ne ... Continue reading
FORD ANNOUNCES INTENT TO SIGN KWIK-FIT SALE AGREEMENT; CTA SALE FINAL
On track to meet $1 billion cash realization goal in 2002 from divestiture of non-core assets CVC Capital Partners intend to purchase Kwik-Fit for £330 million (about $500 million); Ford will retain a 19 percent equity interest Private businessman purchases Collision Team of America Sale of Hertz Equipment Rental Corp ... Continue reading
Sunday's Official IRL Race Results
Results from Sunday's IRL Belterra Casino Indy 300 at Kentucky Speedway as reported by the AP: 1. (3) Felipe Giaffone, G Force-Chevrolet, 200 laps, 149.024 mph, $125,200. 2. (5) Sam Hornish Jr., Dallara-Chevrolet, 200, $82,050. 3. ... Continue reading
NASCAR Watkins Glen Race Official Results
Results from Watkins Glen, N.Y.: 1. (3) Tony Stewart, Pontiac, 90 laps, 82.208 mph, $165,303. 2. (5) Ryan Newman, Ford, 90, $107,725. 3. ... Continue reading
Formula Ford 2000 Zetec Championship Practice Results from Mid-Ohio
LEXINGTON, OHIO - Practice times for the 22 lap, 49.676-mile Round Ten race at the Mid-Ohio Sports Car Course, with practice position, driver, hometown, car, time and speed in miles-per-hour. 1 (86),Andy Brumbaugh(R), Blythewood, S.C., F2A, Van Diemen Ford, 1:24.086, 96.672. 2 (2),Jeffrey Jones(R), Sarasota, Fla., F2A, ... Continue reading
Formula Ford 2000 Zetec Championship Pre-Race Notes from Mid-Ohio
Pre-Race Notes at Mid-Ohio - No. 14 Groom used race one as a test session to work on setups, making numerous pit stops. - No. 22 Thomas flat tire in race one was caused by debris from the accident in turn one. - The contact between No. ... Continue reading
FOR IMMEDIATE RELEASE NHRA LUCAS OIL DRAG RACING SERIES - SOUTHEAST DIVISION ATLANTA DRAGWAY Saturday, May 10, 2001 TAD, TAFC FINISH ELIMINATIONS AT ATLANTA DRAGWAY; QUALIFYING COMPLETE IN OTHER CLASSES COMMERCE, Ga. - Top Alcohol Dragster (TAD) and Top Alcohol Funny Car (TAFC) completed all rounds of eliminations toda ... Continue reading
LODRS Saturday Results from Pomona
FOR IMMEDIATE RELEASE NHRA LUCAS OIL DRAG RACING SERIES - PACIFIC DIVISION POMONA RACEWAY SATURDAY, AUGUST 10, 2002 NICHOLSON, MINER ON TOP UNDER THE LIGHTS POMONA, Calif. - Qualifying concluded under the lights at Pomona Raceway with over 700 race cars doing battle at the Budweiser Summer Nights of Fire presented by B ... Continue reading
Saturday, August 10, 2002 Nashville Superspeedway, Gladeville, Tenn. NASCAR Craftsman Truck Series Federated Auto Parts 200 Patrick Mason Golin/Harris International 773-593-2044 TED MUSGRAVE (No. 1 Mopar Performance Parts Dodge Ram) "The biggest thing that got us was the No. 20 truck ran me up in the third groove and M ... Continue reading
SAT RESULTS-LODRS Event being held at Old Bridge Township Raceway Park, Englishtown, NJ
FOR IMMEDIATE RELEASE NHRA LUCAS OIL DRAG RACING SERIES - NHRA NORTHEAST DIVISION OLD BRIDGE TOWNSHIP RACEWAY PARK SATURDAY, AUGUST 10, 2002 Newberry and Gallant both grab second Northeast Division pole of the year ENGLISHTOWN, N.J. - In the final rounds of qualifying at the Lucas Oil Drag Racing Series event being hel ... Continue reading
North Total Pos. ... Continue reading
Formula Ford 2000 Zetec Championship Race 2 Notes from Mid-Ohio
Race 2 Notes at Mid-Ohio 3:03 PM – The field is given 10-minutes signal to commencement of race two. 3:05 PM – The 25-car field will do two pace laps prior to the 22-lap Round Ten race. 3:07 PM – No. 3 Sellers who led flag-to-flag in race one, will start fourth. 3:08 PM – No. ... Continue reading
Chevy Pre-Race Bullets: Watkins Glen
CHEVROLET/TEAM MONTE CARLO NOTES AND QUOTES SIRIUS SATELLITE RADIO @ THE GLEN NASCAR WINSTON CUP SERIES WATKINS GLEN INTERNATIONAL WATKINS GLEN, N.Y. SUNDAY, AUGUST 11, 2002 Contact: Judy Stropus, 203-438-0501 PAGE 1 CHEVROLET PRE-RACE BULLETS … Chevrolets have won the most Winston Cup races on the Watkins Glen I ... Continue reading
FONFERKO CAPTURES FIRST CAREER WIN AT MID-OHIO
FOR IMMEDIATE RELEASE FONFERKO CAPTURES FIRST CAREER WIN AT MID-OHIO LEXINGTON, OHIO (August 11, 2002) –Ross Fonferko, of Wheaton, Ill., won Round Ten of the 2002 Formula Ford 2000 Zetec Championship at the Mid-Ohio Sports Car Course. Completing the top-three was J.W. Urlin, of London, Ont., Can., and Matthew McD ... Continue reading
CASCAR - Montmagny Summary & Results
CASCAR Super Series For more information contact CASCAR at (519) 641-1214 For immediate release / August 11 , 2002 Whitlock completes Quebec sweep, at Montmagny Top four points contenders take top four spots in Snap On Tools 200 MONTMAGNY, QC - Three-time CASCAR Super Series National champion took the lead on lap 169 o ... Continue reading
FW: NHRA Lucas Oil Drag Racing Series - Race Notes from Nebraska Motorplex
> FOR IMMEDIATE RELEASE > NHRA LUCAS OIL DRAG RACING SERIES - WEST CENTRAL DIVISION > NEBRASKA MOTORPLEX - RACE NOTES > SUNDAY, AUGUST 11, 2002 > > "> SHOOT-OUTS> "> AT SCRIBNER > > Scribner, Neb. - Nebraska Motorplex offered two different shootouts on Saturday during the O> '> Reilly Summer Sizzle, offering its racers ... Continue reading
FINAL RESULTS-NHRA LODRS Event being held at Old Bridge Township Raceway Park-Englishtown, NJ
FOR IMMEDIATE RELEASE NHRA LUCAS OIL DRAG RACING SERIES - NHRA NORTHEAST DIVISION OLD BRIDGE TOWNSHIP RACEWAY PARK SUNDAY, AUGUST 11, 2002 Mission Accomplished for Las Vegas runner Shields; Manzo still unbeaten ENGLISHTOWN, N.J. - In the final results from the Lucas Oil Drag Racing Series event being held at Old Bridge ... Continue reading
2002 Mid-Year Automotive Loyalty Leaders
DETROIT, Aug. 12 -- According to R. L. Polk & Co.'s mid-year Polk Automotive Loyalty Award rankings, General Motors Corporation (GM) remains the leader in overall manufacturer loyalty through the first half of the 2002 model year (October 2001 - March 2002), while Ford Motor Company's Ford Division retains its lead in ... Continue reading
FOR RELEASE: August 12, 2002 Free Online Service Now Available to All Chevrolet, Pontiac, Oldsmobile, Buick, Cadillac, GMC Owners DETROIT- General Motors is enhancing its popular Web site for GM vehicle owners, the Owner Center at MyGMLink. The online service now includes all of GM's U.S. brands and models, except Satu ... Continue reading
STANFORD, Calif.--Aug. 12, 2002--Ah, sweet summer time: Long, balmy evenings, kids playing in the pool, and spikes in the price of gas. Although such price jumps may have a modest impact on an overall household budget, they get our attention because we buy gas on average twice a week, and buy more gas in the summer for ... Continue reading
Cummins Inc. Welcomes Susan Hanafee as Executive Director of Public Relations
COLUMBUS, Ind.--Aug. 12, 2002--Today Cummins Inc. announced that Susan Hanafee has joined Cummins as Executive Director of Public Relations. Susan will lead the Company's communication efforts with the media, as well as all internal communication services. "I am excited to join a dynamic and global company that has suc ... Continue reading
America's Car-Mart Expects to Exceed First Quarter Earnings Estimate
BENTONVILLE, Ark.--Aug. 12, 2002--America's Car-Mart, Inc. today announced that in light of higher than expected retail sales and lower than expected credit losses in its first fiscal quarter ended July 31, 2002, the Company expects to exceed its earlier forecast of first quarter earnings from continuing operations of ... Continue reading
Hummer H2 Advertises to General Audiences- Competes with Other SUV's
FOR RELEASE: August 12, 2002 DETROIT - The all-new 2003 H2 is the focus of a new advertising campaign for General Motors' HUMMER division. The campaign includes HUMMER's first-ever television spots as well as print, outdoor and retail advertising. "This campaign was a great opportunity to expand the image of HUMMER in ... Continue reading
Dodge NASCAR Winston Cup Notes and Quotes Watkins Glen
Sunday, Aug. 11, 2002 Ray Cooper Watkins Glen International Golin/Harris International Dodge notes and quotes. 803-466-9085 SIRIUS Satellite Radio at The Glen. SCOTT PRUETT (No. 41 Target Dodge Intrepid R/T) - Finished 6th "We had one of the best cars, maybe not better than Tony's because we didn't get a chance to run ... Continue reading
Robby Takes Third for Chevy at The Glen
CHEVROLET/TEAM MONTE CARLO NOTES AND QUOTES SIRIUS SATELLITE RADIO @ THE GLEN NASCAR WINSTON CUP SERIES WATKINS GLEN INTERNATIONAL WATKINS GLEN, N.Y. SUNDAY, AUGUST 11, 2002 Contact: Judy Stropus, 203-438-0501 ROBBY GORDON TAKES THIRD FOR CHEVROLET AT WATKINS GLEN ROBBY GORDON, NO. 31 CINGULAR WIRELESS CHEVROLET MONTE ... Continue reading
Contact: Rick Voegelin rickvoegelin@compuserve.com GM Racing Communications (831) 761-2201 Chevy Powers Giaffone to Breakthrough Victory SPARTA, Ky., August 11, 2002 -- In a state that is famous for horsepower of the four-legged variety, Felipe Giaffone relied on his Chevy Indy V8's horsepower and stamina to carry him ... Continue reading
#21 Giaffone IRL Kentucky Sunday Race WIN
Contact: Laz Denes, 256-657-6190 ldenes@monunnracing.com www.monunnracing.com Felipe Giaffone #21 Hollywood/Mo Nunn Racing Chevrolet G-Force Belterra Casino Indy 300 - Sunday, Aug. 11, 2002 - Race Notes/Quotes Kentucky Speedway - Sparta, Ky. - 1.5-Mile Tri-Oval Round 12 of 15 on the 2002 Indy Racing League Felipe Giaff ... Continue reading
#40 Watkins Glen NASCAR Race Report
Contact: Nealie Hamilton, Chip Ganassi Racing, 704/662-9642, nhamilton@ganassi.com FOR IMMEDIATE RELEASE August 11, 2002 COORS LIGHT TEAM HAS ENGINE TROUBLE AT THE GLEN Marlin maintains Winston Cup championship points lead WATKINS GLEN, N.Y. (August 11, 2002) - Sterling Marlin drove the No. 40 Coors Light Dodge Intrepi ... Continue reading
Honda Devises Air Bag that Opens Faster and Wider
August 9, 2002 TOKYO — Honda Motor Co said Thursday it has developed a new air bag that opens faster and wider than conventional bags to enhance the safety of drivers and passengers in the event of a side-impact collision. The side curtain air bag is designed to fall from above the side window, taking 0.015 secon ... Continue reading
Korean Anti-(Crappy)Car Websites Pressured to Shut Down
Kim Ki-tae a Staff Reporter for the Korean Times reported that, The number of automobile consumer complaint homepages has been on a downturn trend apparently due to the pressure and lobby by car makers. One of the most popular ``anti-Web sites, www.anticar.co.kr, was shut down recently. The site was a vanguard of consu ... Continue reading
GM-Daewoo Motor Launch Delayed by Creditors
SEOUL, Aug 12 Reuters reported that the launch of GM-Daewoo Motor Co, a joint venture due to be formed by General Motors Corp taking over key assets of Daewoo Motor Co, is likely to be delayed by a dispute between creditors, the Dong-A Ilbo newspaper said on Monday. The Dong-A Ilbo newspaper said creditors of bankrupt ... Continue reading
Navistar: Things Don't Look Better!
Christopher Bowe writing for the FT reported that Navistar International, the US truck and engine maker, yesterday reported a narrower second-quarter loss than expected, but warned that few signs of a turnaround in truck demand have emerged. Navistar said the quarterly losses stemmed from continued weakness in medium-d ... Continue reading
Ford May Join Suit Vs. Clean Air In California
NEW YORK Reuters reported that The Wall Street Journal said that the Ford Motor Co. may still participate in an auto industry lawsuit over California's new clean-air law, startling state officials who thought the No. 2 automaker's chairman was willing to cooperate with them, the Wall Street Journal online edition repor ... Continue reading
FOR IMMEDIATE RELEASE NHRA LUCAS OIL DRAG RACING SERIES - SOUTHEAST DIVISION ATLANTA DRAGWAY, COMMERCE, GA. Sunday, August 11, 2002 EWING, GRIGGS EARN SECOND WINS IN ATLANTA DRAGWAY'S NHRA LUCAS OIL DRAG RACING SERIES RACE COMMERCE, Ga. - NHRA Southeast Division competitors finished the sixth of seven races on their NH ... Continue reading
NHRA Lucas Oil Drag Racing Series - Final Results from Nebraska M otorplex
> FOR IMMEDIATE RELEASE > NHRA LUCAS OIL DRAG RACING SERIES - WEST CENTRAL DIVISION > NEBRASKA MOTORPLEX > SUNDAY, AUGUST 11, 2002 > > "> SIGNS> "> FAVOR SOUTH CENTRAL DIVISION IN TOP ALCOHOL & COMP > > Scribner, Neb. - Racing at Nebraska Motorplex> '> s O> '> Reilly Summer Sizzle NHRA Lucas Oil Drag Racing Series even ... Continue reading
All Four Penske-Jasper Engine Entries in Top-20 at The Glen
JASPER MOTORSPORTS Sirius Satellite Radio at the Glen Watkins Glen International (90 laps/220.5 miles) 2002 NASCAR Winston Cup Series (Race #22 of 36) BORIS AND BLANEY FINISH 13TH AND 18TH, RESPECTIVELY, AT THE GLEN; NEWMAN LEADS FOUR PENSKE-JASPER ENGINE ENTRIES IN TOP-20 Boris Said and Dave Blaney produced the best o ... Continue reading
LODRS Sunday Results from Pomona Raceway
FOR IMMEDIATE RELEASE NHRA LUCAS OIL DRAG RACING SERIES - PACIFIC DIVISION POMONA RACEWAY SUNDAY, AUGUST 11, 2002 LUCAS, RUPERT DOUBLE UP FOR LUCAS OIL TEAM POMONA, Calif. - Morgan Lucas and Jason Rupert made it an all Lucas Oil winners' circle as they both took home wins from this weekend's Budweiser Summer Nights of ... Continue reading
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