Starboard Affiliate Offers to Invest in Prolong International Corporation
SOUTHPORT, Conn., Oct. 29, 2002 Starboard Capital today announced that an affiliate has offered to invest as much as $3.5 million in new capital and as much as $4 million of advertising media for 2003 into Prolong International Corporation, for the purposes of funding working capital and advertising of Prolong's produc ... Continue reading
CHRISTIAN FITTIPALDI Dumps CART To Join Petty Enterprises As NASCAR Driver
PETTY ENTERPRISES WILL FIELD TEAMS FOR DRIVER CHRISTIAN FITTIPALDI IN 2003, PREPARING THE BRAZILIAN NATIVE FOR A FULL NASCAR WINSTON CUP SEASON IN 2004. FITTIPALDI WILL RUN WINSTON CUP, BUSCH GRAND NATIONAL AND ARCA NEXT YEAR. FITTIPALDI WILL BE THE FIRST DRIVER TO RUN FOR THE WINSTON CUP CHAMPIONSHIP AFTER COMPETING F ... Continue reading
Honda Hybrids Outdistance Competition in 2003 Fuel Economy Ratings
TORRANCE, Calif., Oct. 29, 2002; The Honda Insight leads the automotive pack as the most fuel-efficient vehicle sold in America as Honda gasoline-electric powered hybrid models claimed four of the top five spots in the U.S. Department of Energy's "Fuel Economy Guide for Model Year 2003" report released today. In additi ... Continue reading
Consumers Want Navigation Systems, But Are Unwilling to Pay Current Market Prices for Them
J.D. Power and Associates Reports: Consumers Seek Automotive Features That Help Keep Their Eyes on the Road October 29, 2002 Westlake Village, Calif.—Features that allow drivers to keep their eyes on the road—such as hands-free wireless cell phones and steering wheel controls—are making their way to t ... Continue reading
Available Hybrid Vehicles - DOE
The introduction of Honda's new 2003 Civic Hybrid expands U.S. consumers' hybrid-electric vehicle choices to three. Like the Toyota Prius and Honda Insight, the Civic Hybrid gets exceptional gas mileage (46 MPG city/51 MPG highway). All three hybrids are environmentally friendly with among the best ratings for global w ... Continue reading
GM Plans to Continue Incentives
DETROIT October 29,2002; AP reports that General Motors Corp. plans to continue the incentive blitz it launched 13 months ago, according to its vice chairman and chief financial officer. "We're not going to sit back and say a little bit (of market share gain) is OK. We're going to be aggressive in the marketplace," Joh ... Continue reading
KleenAir Acquisition of ServoTech Strongly Positions Company in Global OEM Market
IRVINE, Calif.--Oct. 29, 2002--KleenAir Systems Inc. (OTC BB:KAIR), an international environmental company dedicated to the development, testing and commercialization of products to help reduce smog and air pollution, today announced that as a result of the recently announced acquisition of ServoTech Engineering a Ford ... Continue reading
Gabelli & Company's 26th Annual Automotive Aftermarket Symposium
RYE, N.Y.--Oct. 29, 2002--Gabelli & Company, Inc. will host its 26th Annual Automotive Aftermarket Symposium, November 4th-6th, 2002, at The Bellagio-Resort in Las Vegas. This three-day research meeting will feature leading automotive suppliers, dealers, and parts retailers. This year's conference will also feature a d ... Continue reading
AAA Texas Offers Tips for a Safe Halloween
HOUSTON--Oct. 29, 2002--AAA Texas is asking motorists to slow down and watch out for children trick-or-treating on Halloween. Children are four times more likely to be hit and killed by an automobile on Halloween than any other night of the year, according to the Centers for Disease Control (CDC). Nationally, the leadi ... Continue reading
ZAP Announces New CEO, Shareholder Meeting Results
SEBASTOPOL, Calif., Oct. 29. 2002; ZAP announced today that during its annual shareholder meeting on Saturday, October 26, 2002 its Board of Directors elected Steven M. Schneider as the Company's Chief Executive Officer. The Company also announced an initiative to pursue the acquisition of Ford's electric vehicle progr ... Continue reading
eAutoclaims Preliminary Results Reflect Revenue Expansion, One-Time Charges
OLDSMAR, Fla.--Oct. 29, 2002--eAutoclaims, Inc. (OTC BB:EACC), which provides online claims management solutions for the auto insurance industry through both an applications services provider (ASP) and outsourcing services, today issued preliminary results for its fourth quarter and Fiscal 2002. The company expects to ... Continue reading
NASHUA, N.H.--Oct. 29, 2002-- TWR Deploying Broader eMPower MPM Capabilities for Complete Automotive Definition, Simulation, and Documentation Accelerating its position as the driving force in Manufacturing Process Management (MPM) solutions for the automotive industry, Tecnomatix Technologies, Ltd. today announced a b ... Continue reading
MADD And Chevrolet Premiere "IRL ... In Real Life," A Multimedia School Assembly Program
FOR RELEASE: October 29, 2002 MADD And Chevrolet Premiere "IRL ... In Real Life," A Multimedia School Assembly Program New Program About The Dangers Of Underage Drinking To Debut At Troy Athens High School TROY, Mich. - Developed by Mothers Against Drunk Driving (MADD) and sponsored by Chevrolet, "IRL...in real life" i ... Continue reading
Multimedia Available: ChevronTexaco Global Lubricants Launches Enhanced Havoline Motor Oil
-- ChevronTexaco Global Lubricants (CTGL) has announced the enhanced version of its popular Havoline(R) passenger car motor oil. The improved Havoline Motor Oil demonstrated almost 40 percent less wear than the previous version in an industry-standard test that measures the wear protection of motor oils on valve trains ... Continue reading
Wheelmaker Superior Industries Announces Quarterly Cash Dividend
VAN NUYS, Calif.--Oct. 29, 2002--Superior Industries International, Inc. announced today that it will distribute a regular quarterly cash dividend on the common stock of the Corporation in the amount of $0.125 per share payable January 24, 2003, to shareholders of record as of January 10, 2003. About Superior Industrie ... Continue reading
UFP Technologies Announces Improved Sales & Earnings, New $77 Million Automotive Program
GEORGETOWN, Mass.--Oct. 29, 2002--UFP Technologies, Inc. , a manufacturer of packaging and specialty products, today reported third quarter sales of $15.3 million, a 9.7% increase over last year's sales of $13.9 million. Net income was $4,000 or $0.00/share versus a net loss of $943,000 or $(0.22)/share in Q3 2001. For ... Continue reading
ASV Reports 3rd Quarter 2002 Results; Earnings Per Share Increases from $.01 to $.05
GRAND RAPIDS, Minn.--Oct. 29, 2002--ASV, Inc. today reported results for its third quarter ended September 30, 2002. Net sales for the third quarter of 2002 totaled $11,474,655, compared with $12,052,998 for the same period in 2001. For the three months ended September 30, 2002, operating expenses decreased 38% compare ... Continue reading
Cray Inc. Receives Cluster Order from Ford
SEATTLE--Oct. 29, 2002--Global supercomputer leader Cray Inc. today announced that Ford Motor Company has ordered, installed and accepted a Linux(TM)-based cluster with 192 processors at its data center in Dearborn, Michigan. Financial terms were not disclosed. Ford engineers will use this supercomputer for vehicle saf ... Continue reading
ChevronTexaco Global Lubricants Launches Enhanced Havoline Motor Oil
Asset Caption: ChevronTexaco Global Lubricants Launches Enhanced Havoline Motor Oil Asset Caption: ChevronTexaco logo Asset Caption: Downloadable headline & body textAsset Description: Text file containing headline & body text Asset Caption: Havoline news releaseAsset Description: Word document file Business Editors/Au ... Continue reading
Arctic Cat to Webcast 2003 Second-Quarter Conference Call On Thursday, October 31, At 10:30 a.m. CT
THIEF RIVER FALLS, Minn.--Oct. 28, 2002--Arctic Cat will host a live Webcast of its fiscal 2003 second-quarter earnings conference call on Thursday, October 31, at 10:30 a.m. CT (11:30 a.m. ET), following the release of its earnings before the stock market opens that day. Christopher Twomey, president and chief executi ... Continue reading
Bombardier Receives $47-Million Order for the Delivery of Double-Deck Trains to Israel
MONTREAL--Oct. 28, 2002--Bombardier Transportation (TSX:BBD.A.) (TSX:BBD.B.) has received an order from the Ports and Railways Authority-Israel Railways (Tel Aviv) to deliver another six 4-car double-deck trains, each consisting of one power car and three trailer cars. The contract is valued at approximately $47 millio ... Continue reading
Daewoo Auto & Technology Company Launched
FOR RELEASE: October 28, 2002 Daewoo Auto & Technology Company Launched Seoul - GM Daewoo Auto & Technology Company (GM Daewoo) was publicly launched today following the successful completion of asset title registration and a final equity capital injection by the investors in the new company. The move comes on the heel ... Continue reading
SHREVEPORT, La.--Oct. 28, 2002-- StockPickReport.Com (IARD#119079 - http://www.stockpickreport.com/?src=bw ) makes these stock evaluations for the short term: Lucent Technologies - Outperform http://www.stockpickreport.com/?src=lu Ford Motor Company - Outperform http://www.stockpickreport.com/?src=f Maxim Integrated Pr ... Continue reading
Navistar Schedules Conference Call Web Cast
WARRENVILLE, Ill.--Oct. 28, 2002--Navistar International Corporation the nation's largest commercial truck, school bus and mid-range diesel engine producer, announced today that it will hold a live audio web cast at 1 p.m. Central Standard Time, Tuesday, Oct. 29, 2002, to discuss the new contract with the United Auto W ... Continue reading
TA Now Cooperates With All Leading Suppliers of Car Navigation Systems in Europe
GENT, Belgium--Oct. 29, 2002--Tele Atlas, the global leader in the development of state-of-the-art geographic databases, has just finalized a worldwide agreement with Harman International Industries, Incorporated, under the brand name Becker, one of the leading providers of car navigation systems. From the middle of ne ... Continue reading
UnitedAuto Reports Record Third Quarter Revenues and Earnings
DETROIT--Oct. 29, 2002--United Auto Group, Inc. NYSE: UAG Income From Continuing Operations Increased 70% Earnings Per Share From Continuing Operations Increased 46% United Auto Group, Inc. , a FORTUNE 500 automotive specialty retailer, today announced record results for third quarter 2002 with double-digit growth in r ... Continue reading
Oshkosh Truck Reports Fiscal Year 2002 EPS of $3.45; Affirms Fiscal Year 2003 EPS Estimate of $3.70
OSHKOSH, Wis.--Oct. 29, 2002--Oshkosh Truck Corporation , a leading manufacturer of specialty trucks and truck bodies, today reported that net income increased 17.2 percent to $59.6 million, or $3.45 per share, for its fiscal year ended September 30, 2002, on sales of $1.74 billion. This compares to net income of $50.9 ... Continue reading
Allied Holdings Reports Financial Results
DECATUR, Ga., Oct. 29, 2002 Allied Holdings, Inc. today reported results for the third quarter ended September 30, 2002. Revenues for the third quarter of 2002 were $213.0 million compared to revenues of $204.0 million for the third quarter of 2001, an increase of 4.4 percent. The third quarter of 2002 was the first ti ... Continue reading
Spokane, Wash. AP reported that It's a deal many auto dealers can't resist: buying used cars from Canada and selling them in the United States at a big profit thanks to favorable exchange rates. But some cars are coming with more miles than their odometers show. Last week, law enforcement officers broke up an organized ... Continue reading
The Key to Luxury: Mercedes and The Ritz-Carlton Sign Three-Year Marketing Agreement
MONTVALE, N.J., Oct. 28 -- Two luxury brands renowned for accommodating the discerning traveler have entered into a three-year marketing relationship. The Ritz-Carlton Hotel Company, L.L.C. and Mercedes-Benz USA (MBUSA) announced today that their marketing agreement launches with the introduction of a special "Key to L ... Continue reading
Diesel Powers Four of the Top Ten Most Fuel-Efficient Vehicles in Annual Government Rankings
WASHINGTON, Oct. 28 -- A new government report highlights the potential for clean diesel to help meet the nation's growing energy and environmental demands, according to the Diesel Technology Forum. In their annual fuel economy rankings for the new model year to be released tomorrow, the U.S. Department of Energy (DOE) ... Continue reading
Isuzu Motors may cut forecasts again, investors say
TOKYO, October 29, 2002; Kae Inque writing for Bloomberg reported that Isuzu Motors Ltd. shares fell 8.5 percent on investor concern the truckmaker may need more help from its owners and creditors only days after securing a 100 billion yen ($801 million) bailout. The General Motors Corp. affiliate on Friday cut its ear ... Continue reading
Toyota Motor's union apathetic about wage increase
SOUTHFIELD, Mich. October 29, 2002; Doron Levin writing for Bloomberg News reported that year in and year out, Toyota Motor Corp.'s workers in Japan could expect wage increases. The gravy train is over, at least for now, as Japan's auto industry clamps down for hard times. While the freeze in salaries isn't entirely st ... Continue reading
AFL - Adaptive Forward Lighting: Innovative Lighting Technology For Opel Vectra And Signum
FOR RELEASE: October 28, 2002 AFL - Adaptive Forward Lighting: Innovative Lighting Technology For Opel Vectra And Signum Opel Brings Intelligent Bi-Xenon Headlights To Midsize Cars Rüsselsheim - Opel will introduce a pioneering headlight technology, called Adaptive Forward Lighting (AFL), which provides a clear advant ... Continue reading
Auto Club: Halloween Can be a Scary Night for Trick-or-Treaters and Motorists
LOS ANGELES--Oct. 28, 2002--The combination of trick-or-treaters and daylight-saving time can conjure up some potentially scary moments for drivers and pedestrians, warns the Automobile Club of Southern California. Nearly half of all pedestrian fatalities involving children occur between 4 and 8 p.m., prime time for tr ... Continue reading
CHICAGO--Oct. 28, 2002--The Engine Manufacturers Association (EMA) said today it is evaluating options for further legal challenges in response to a decision by the United States Court of Appeals for the Ninth Circuit. In the opinion issued last Thursday, a three-judge panel affirmed a lower federal court decision upho ... Continue reading
Toyota settles $40 mln US lawsuit
LOS ANGELES, Oct 28, 2002; Steve Gorman writing for Reuters reported that Toyota Motor Corp. has reached an out-of-court settlement to a $40 million lawsuit brought against the Japan-based automaker by a quadriplegic over an allegedly flawed seat belt system, the plaintiff's lawyer said on Monday. The two sides agreed ... Continue reading
Microtune Reports Third Quarter 2002 Results
PLANO, Texas--Oct. 28, 2002--Microtune(R), Inc. , a leader in integrated radio frequency (RF)-based silicon and systems solutions for the global broadband communications, automotive electronics and wireless connectivity markets, today reported financial results for the third quarter ended September 30, 2002. FINANCIAL ... Continue reading
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