FORD MOTOR COMPANY SCIENTISTS WIN AWARD FOR DIESEL EMISSIONS SYSTEM
CHICAGO, October 16, 2002 – Ford Motor Company's On-board Reductant Delivery (ORD) system, developed by George Wu and Bob Hammerle of Ford 's Scientific Research Lab, has earned an R&D 100 Award. Also known as "an Oscar of Invention," the award from R&D Magazine recognizes the top new inventions in the country. P ... Continue reading
Foamex International Names Thomas E. Chorman Chief Executive Officer
LINWOOD, Pa.--Oct. 18, 2002--Foamex International Inc. , the world's leading manufacturer of flexible polyurethane and advanced polymer foam products, today announced that Thomas E. Chorman has been appointed to the position of Chief Executive Officer, effective immediately. Foamex also announced that Peter W. Johnson, ... Continue reading
MIAMI--Oct. 18, 2002--Neff Corp. (OTC:NFFCA) will release its third quarter financial results on Thursday, October 31, 2002. Senior management will conduct an investor conference call on Friday, November 1, 2002 at 11:00 a.m. (EST) that will be broadcast live on the Internet at http://www.vcall.com. ... Continue reading
USFreightways To Host Investment Community Conference Call
CHICAGO--Oct. 18, 2002--USFreightways Corporation will announce the Company's third quarter results on Wednesday, October 23rd before the market opens. A conference call will be held at 2:00 p.m. CDT on that day to discuss the results. A live broadcast of the conference call will be available through the company's web ... Continue reading
Twin Disc, Inc., Announces Fiscal 2003 First-Quarter Financial Results
RACINE, Wisc.--Oct. 18, 2002--Twin Disc, Inc. , today reported financial results for the fiscal 2003 first quarter ended September 30, 2002. For first-quarter 2003, revenues declined to $36,521,000 from the $40,631,000 reported a year ago. The company reported a net loss of $1.7 million, or $0.62 per share, compared wi ... Continue reading
Donaldson Company Provides First Quarter Guidance -- 2002 Annual Report Available Online
MINNEAPOLIS--Oct. 18, 2002-- Company projects double-digit first-quarter EPS increase; remains focused on delivering 14th consecutive year of double-digit earnings growth Donaldson Company, Inc. announced today that it expects first-quarter earnings to increase 15 to 20 percent over last year. The company had not previ ... Continue reading
Ford: Weekly N.A. Vehicle Production
DEARBORN, MI, October 17, 2002 – Ford Motor Company's North American vehicle production for the week ending October 12 summarized below: Car Truck Total United States 22,087 52,557 74,644 Canada 4,859 6,741 11,600 Mexico 3,245 838 4,083 Total 30,191 60,136 90,327 The following U.S. and Canadian assembly plants ar ... Continue reading
NASCAR - Newman Takes Martinsville Pole
Todd Bodine, driver of the No. 26 Discover Card Taurus, was put on probation by NASCAR for the rest of the season after being involved in a multi-car accident last weekend at Lowe's Motor Speedway. Bodine reacted to the decision before Friday's NASCAR Winston Cup practice session. TODD BODINE --26-- Discover Card Tauru ... Continue reading
By John Heilig SPECIFICATIONS MODEL: Maserati Spyder (Coupe) ENGINE: 4.2-liter V8 HORSEPOWER/TORQUE: 390 bhp @ 7000 rpm/330 lb-ft @ 4500 rpm TRANSMISSION: Six-speed manual with Cambiocorsa option WHEELBASE: 96.1 in. (104.7 in.) LENGTH x WIDTH x HEIGHT: 169.4 x 71.7 x 51.4 in. (178.1 x 71.7 x 51.4 in.) STICKER PRICE: $9 ... Continue reading
Mercedes-AMG Introduces New Models and an Expanded Plant
Stuttgart, Germany, October 17, 2002 Mercedes-AMG GmbH continues on the road to success that began 35 years ago in Burgstall near Stuttgart by introducing two new performance vehicles - the E 55 AMG and the C 30 CDI AMG - as well as the AMG versions of the updated S- and CL-Classes. "The current model lineup puts us in ... Continue reading
DaimlerChrysler seen reaching profit goal early
FRANKFURT, Oct 18, 2002, Michael Steen writing for Reuters reported that DaimlerChrysler AG, the world's fifth-biggest carmaker, is expected to have met its full-year 2002 profit goal three months ahead of target, according to a Reuters poll of analysts published on Friday. The company posts third-quarter earnings next ... Continue reading
Blaupunkt Debuts MP3 Technology on 2003 Ford Focus
FARMINGTON HILLS, Mich., Oct. 18 -- Blaupunkt's MP3 Radio, currently available on several models of the 2003 Ford Focus, provides drivers with premium sound quality in AM/FM or CD/MP3 mode, and can play as many as 250 songs from a single CD. The Ford Focus is Blaupunkt's first North American, original equipment MP3 app ... Continue reading
Johnson Controls displays breakthrough electronic ideas for auto interiors
PLYMOUTH, Mich., Oct. 18, 2002 -- Doing more for customers is taking on a whole new meaning at Johnson Controls . New levels of collaboration during early product development are leading to redefined, innovative interior electronics that meet automaker customers' needs, while also delighting consumers. To highlight thi ... Continue reading
Ward's Reports Weekly Estimated N.A. Vehicle Production
SOUTHFIELD, Mich., Oct. 18 -- Vehicle production this week in the U.S., Canada and Mexico is expected to hit an estimated 351,470 units, up from the 343,791 cars and trucks built last week, according to Ward's Automotive Reports.Including this week's estimates, calendar year North American output now totals 13,692,350 ... Continue reading
Flexcar Helps Volunteer Tutors Get to School; Will Provide Transportation Link for Outreach Program
PORTLAND, Ore.--Oct. 18, 2002--Flexcar, the nation's largest provider of car-sharing services, announced a partnership with the Connecting for Kids 3rd grade reading initiative to help Multnomah County students improve their reading abilities. The announcement was made in conjunction with a press conference at Chief Jo ... Continue reading
J.D. Power and Associates Reports: October Light-Vehicle Sales Struggle
WESTLAKE VILLAGE, Calif.--Oct. 18, 2002--A drop in incentives is resulting in a dramatic decline in U.S. light-vehicle sales in October, according to J.D. Power and Associates. With the average total of cash-plus-interest subvention, now at approximately $1,200 per vehicle compared to $1,480 in late August, consumers a ... Continue reading
New Rules: U.S. Motorists To Be Reimbursed for Pre-recall Repairs
October 18, 2002 WASHINGTON, Reuters reported that auto and auto equipment makers will soon be required to reimburse motorists who paid to fix or replace defects that were later the subject of recalls, the U.S. government said Thursday. The National Highway Traffic Safety Administration rule takes effect in January and ... Continue reading
Cummins plans to make payments on debt and pensions
October 18, 2002 COLUMBUS, Ind. Dan Hart wrting for Bloomberg repots that Cummins Inc., the maker of diesel engines that had its debt rating cut to junk status this week, plans to make payments on $125 million of bonds due in the first quarter of 2003. The company will also meet pension obligations, Chairman Tim Solso ... Continue reading
Autoliv Earnings Rise On Air Bag Volume and Cost Cuts
October 18, 2002 STOCKHOLM Robin Saponar writing for Bloomberg News repoted that, Autoliv Inc.'s third-quarter earnings per share rose 35 percent as the world's largest maker of airbags benefited from cost cuts and increasing sales. Earnings per share rose to 42 cents, Autoliv said in a statement on Waymaker. Sales cli ... Continue reading
Ford and Mazda's Michigan Plant to Raise Output
October 18, 2002 Bill Koenig wrting for Bloomberg News repoted that Ford Motor Co. and Mazda Motor Corp. plan to raise production at their AutoAlliance International Inc. Michigan factory next year 29 percent to 90,000 cars with the addition of the Mazda6 sedan. The plant plans to start making a model for Ford, AutoAll ... Continue reading
DaimlerChrysler to Curtail Production At 3 North American Plants - Overtime in Others
October 18, 2002 Dan Hart wrting for Bloomberg News reports that DaimlerChrysler AG's Chrysler unit will shut two plants in Canada and one in Delaware for a week beginning Monday because of reduced demand, the first time it has idled three factories since April. The third-largest automaker in North America will idle a ... Continue reading
U.S. Auto Price War Leads to Profit Squeeze
October 18, 2002 Justin Hyde writing for Reuters gives his opinion on state of US auto industry; "Here's a telling battlefield report from the auto industry's price war: Ford Motor Co. commanded about $770 more than General Motors Corp. did for every vehicle sold in North America during the third quarter -- but GM made ... Continue reading
Tower Automotive Announces Profit for the Third Quarter
GRAND RAPIDS, Mich.--Oct. 18, 2002--Tower Automotive, Inc. today announced its operating results for the third quarter and nine months ended September 30, 2002. For the third quarter of 2002, revenues were $654 million, compared with $558 million in the 2001 period. Net income for the third quarter of 2002, was $10 mil ... Continue reading
DEARBORN, Mich., Oct. 18, 2002-- Visteon Corporation today announced a net loss of $52 million for the Third Quarter or $0.40 per share. Excluding a $17 million after-tax special charge for the European Plan for Growth, Visteon lost $35 million, or $0.27 a share - in line with guidance. The company posted year-over-yea ... Continue reading
USFreightways Exits Freight Forwarding Business
CHICAGO--Oct. 18, 2002--USFreightways Corporation announced today that GPS Logistics, Inc. and Seko Worldwide Acquisition LLC have agreed to acquire USF Worldwide Inc. and USF Worldwide Logistics (UK) Ltd., USF's freight forwarding subsidiaries. It is expected the transaction will close on or before October 31, 2002. T ... Continue reading
Lear Corporation's Third Quarter EPS Rises 42%
SOUTHFIELD, Mich., Oct. 18, 2002; Lear Corporation one of the world's leading automotive interior suppliers, today reported its financial results for the third quarter of 2002. Third Quarter HighlightsNet sales of $3.3 billion, up 7% from a year agoEPS of $0.91, up 42% from prior year's adjusted basisCorporate credit o ... Continue reading
Fiat Italy's Gov't As Owner On Hold - "It Did Work With Chrysler"
MILAN, Oct 18, 2002; Tiziana Barghini writing for Reuters reports that Italy's government has put on hold the possibility of buying a stake in Fiat (Milan:FIA.MI - News), a source said on Friday as the Treasury appointed investment bank Morgan Stanley to help tackle a crisis at the carmaker. As Fiat workers downed tool ... Continue reading
HOUSTON--Oct. 18, 2002--The statewide average price for regular self-serve fuel rose slightly higher this week compared to last, according to the Weekend Gas Watch, compiled by AAA Texas. The Weekend Gas Watch monitors the average price of gasoline at popular destinations for motoring trips. The Texas' average is $1.40 ... Continue reading
Mercedes Benz: Driving Safety Training
http://www-video.daimlerchrysler.com/dctv/videos/2 0021016_e.ram CLICK4Video To race with squealing brakes just for once or to accelerate, swerve, and brake suddenly without losing control of the vehicle can be learnt at the Mercedes-Benz intensive safety driving training. The national sales organisations regularly inv ... Continue reading
MB 1500 HP Racing Atego-Retired To Stud
http://www-video.daimlerchrysler.com/dctv/videos/2 0021017_e.ram" CLICK4Video Since October 1 the Racing Atego has been on exhibition at the DaimlerChrysler Museum. What makes this super truck different to a standard truck is explained in our Car of the Month feature. ... Continue reading
LA Auto Club: Gas Prices Continue Downward Slide
LOS ANGELES--Oct. 18, 2002--For the sixth consecutive week, gasoline prices in Southern California, southern Nevada and Arizona declined last week, according to the Weekend Gas Watch compiled by the Automobile Club of Southern California. The Weekend Gas Watch monitors the average price of gasoline at popular destinati ... Continue reading
Euan Baird Named Chairman Of Rolls-Royce
LONDON, Oct. 17 -- Rolls-Royce plc today announced that Euan Baird will become its non-executive Chairman with effect from 1 February 2003. He will join the Board of the company as a non-executive director on 1 November 2002. He will succeed Sir Ralph Robins, who will retire as Rolls-Royce Chairman at the end of Januar ... Continue reading
BMW Again Raises British Built Mini Sales Goal
FRANKFURT - October 18, 2002 Dow Jones reported that BMW again lifted its forecast for 2002 sales of the new Mini model, this time to more than 140,000, according to German news agency VWD. The Bavarian carmaker already hiked the forecast last month by 10% to 132,000. BMW sold 105,000 Minis in the first nine months of ... Continue reading
2003 AutoGlow! Gala to Benefit The Children's Center
DETROIT, Oct. 17, 2002; It's not too early to begin thinking about an elegant evening at 2003 AutoGlow!, presented by Merrill Lynch. The gala will benefit The Children's Center and take place Friday, January 10, in the Atrium at Ford Field in downtown Detroit at 8 p.m. This marks the 11th year for the premier black-tie ... Continue reading
Governor proclaims Sunday, October 27, 2002 as 'SLOW ... please! DAY' in Massachusetts
BOSTON, and MARBLEHEAD, Mass., Oct. 17 -- Governor Jane Swift, with the cooperation of the Governor's Highway Safety Bureau, has officially proclaimed Sunday, October 27, 2002 as SLOW ... please! DAY in Massachusetts. SLOW ... please! is an award-winning, grass-roots, non-profit public safety organization. Its primary ... Continue reading
Advance Auto Parts to File Registration Statement
ROANOKE, Va., Oct. 17, 2002-- Advance Auto Parts, Inc.announced today that the Company has received notice from Sears, Roebuck and Co. that it is exercising its rights to demand a registration covering the sale of its 8,423,937 shares of common stock of Advance Auto Parts, Inc. in the form of an underwritten offering. ... Continue reading
Hargrove calls Navistar closure decision "callous"
TORONTO, Oct. 17, 2002 - CAW president Buzz Hargrove blasted the decision today by the Navistar Board of Directors to close the Chatham Truck Plant. "This is another callous decision made without regard or respect for long service workers, their families and their communities and it is a slap in the face to the soverei ... Continue reading
ANAHEIM, Calif.--Oct. 17, 2002--The winners of the 2002 California International Auto Show/Motor Trend International Design Contest were announced yesterday at the California International Auto Show. Top honors were awarded to Gabriel Nemeth, a 23-year-old, third year industrial design student from Budapest, Hungary. N ... Continue reading
PITTSBURGH--Oct. 17, 2002--Ansoft Corporation today announced that it has formed an educational partnership with Carnegie Mellon University's new Center for Wireless and Broadband Networking (CWBN) by donating advanced software for the virtual design of high-frequency technology. The in-kind contribution, which begins ... Continue reading
New Conductive Grease by Nye Lubricants Shields Bearings from Arcing Damage
FAIRHAVEN, Mass.--Oct. 17, 2002-- Technical paper discusses "synergistic approach" to designing electrically conductive grease With its introduction of Nyogel 758G, Nye Lubricants, Inc. takes a simple but novel approach to designing an electrically conductive bearing grease: Start with a good grease. The traditional ap ... Continue reading
Racing Champions Ertl Reports Record Third Quarter Earnings
GLEN ELLYN, Ill.--Oct. 17, 2002--Racing Champions Ertl Corporation today announced record earnings for the third quarter and nine months ended September 30, 2002. The Company's net income for the 2002 third quarter was $9.9 million or $0.58 per diluted share as compared with $7.3 million or $0.48 per diluted share in t ... Continue reading
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