Friday, November 22, 2002

Kia Motors Showcases Vehicles and Technologies at Seoul Motor Show

Kia Motors used this year's Seoul Motor Show to display its fully updated range of passenger vehicles alongside a range of technologies for the future. Principle attractions were the KCV-I and KCV-II, which made their global debuts at the 2001 Frankfurt Motor Show and the 2002 Paris Motors Show, respectively. In his op ... Continue reading

Fraser Expands Vehicle Donation Program

MINNEAPOLIS, Nov. 22, 2002 -- Do you own a vehicle that you're not using and may be interested in selling? Consider donating the vehicle to Fraser and receive an income tax deduction for its fair market value while helping to support children and adults with special needs at the same time. Introducing this year's progr ... Continue reading

Johnson Controls Announces Sponsorship of Rocketsports Racing for 2003 CART Season

PLYMOUTH, Mich., Nov. 22, 2002 -- Officials at Johnson Controls today announced the company's sponsorship of Lansing, Michigan-based Rocketsports Racing's participation in the Bridgestone Presents the Champ Car World Series Powered by Ford. The announcement was made by Rocketsports Racing team owner Paul Gentilozzi and ... Continue reading

Ward's Reports Estimated Weekly North America Vehicle Production

SOUTHFIELD, Mich., Nov. 22 -- Vehicle production this week in the U.S., Canada and Mexico is expected to hit an estimated 365,228 units, up from the 328,475 cars and trucks built last week, according to Ward's Automotive Reports.Including this week's estimates, calendar year North American output now totals 15,406,670 ... Continue reading

GM's Saab recalling 55,000 cars worldwide

DETROIT, Nov 22, 2002; Reuters reports that General Motors Corp.'s Saab unit said on Friday that it is recalling 55,000 of its Saab 900 model cars worldwide to fix an electronic control unit that could corrode in humid climates and deploy the airbag. The recalled cars are from the 1995 model year. "It's mostly an issue ... Continue reading

ARCA RE/MAX year in review release

KIMMEL CROWNED ARCA RE/MAX KING AGAIN (11-22-02) TOLEDO OH, by Don Radebaugh - Marked by triumph and tragedy, the ARCA RE/MAX Series completed its 50th season of competition in 2002 crowning Frank Kimmel as its driving champion for the fourth time in five seasons while runner-up driver Chad Blount earned ARCA Rookie of ... Continue reading

SEMA Show 2002 Hits a Jackpot

FOR IMMEDIATE RELEASE Media Contacts: Rosemarie Kitchin, rosemariek@sema.org SEMA, 909/396-0289, ext. 104 Lisa Guth, lisag@sema.org SEMA, 909/396-0289, ext. 181 SEMA SHOW 2002 HITS A JACKPOT DIAMOND BAR, Calif. (Nov. 22, 2002) -- The results are in and the SEMA Show's exhibitors and attendees are the winners. ... Continue reading

Live Webcast of Championship Auto Racing Teams Awards Banquet

VANCOUVER, British Columbia--Nov. 21, 2002-- Destiny Media Technologies (OTCBB:DSNY) (Berlin:DME;935 410) announces the 2002 awards banquet for Championship Auto Racing Teams will be held in Miami, Fl. on Friday, November 22 and is due to be broadcast live on CART.com using Clipstream Live(TM) technology. CART.com will ... Continue reading

Ambulance Maker Collins Reports Fourth Quarter and Fiscal Year Results

HUTCHINSON, Kan., Nov. 22, 2002; Collins Industries, Inc.today reported its operating results for its fourth quarter and fiscal year 2002 which ended October 31. Net income increased 17% for the quarter ended October 31, 2002 to $1,232,593 ($.18 per share - diluted) compared to $1,054,515 ($.15 per share - diluted) in ... Continue reading

VW Lowers Auto Prices, Adds Features To Polo, Passat

WOLSFSBURG, Germany November 22, 2002; Dow Jones reported that Germany's Volkswagen AG Friday said it is lowering prices on more cars and adding features at no cost to buyers. Europe's best-selling auto maker said the move is meant to pass on to customers savings it has achieved, though analysts say carmakers in Europe ... Continue reading

Brilliance China Automotive Holdings Limited Removal of Director

HONG KONG, Nov. 22, 2002; The shareholders of the Company have duly passed a special resolution to approve the removal of Mr. Yang Rong as a director with effect from the close of the special general meeting at the special general meeting of the Company held on Friday, 22 November 2002. Reference is made to the announc ... Continue reading

China Approves New Honda Car Factory For Export

TOKYO, Nov 22, 2002 Reuters reported that Honda Motor Co said today it received approval from the Chinese government to set up the first Sino-foreign joint venture to make cars solely for export. Honda will own 65 percent of the venture, marking the first time China has allowed a foreign company to own a controlling st ... Continue reading

European Auto Buyer Discounts Equal Profit Squeeze For Makers

FRANKFURT, Nov 22, 2002; Madeline Chambers writing for Reuters reports that European consumers' reluctance to buy new cars has forced automakers to offer free CD players, airbags and even cash rebates in a bid to bolster sales amid flagging demand, but the bargains bode ill for profits. Month-by-month incentives on new ... Continue reading

Honda To Market Fuel-Cell Autos Along With Toyota

TOKYO, Nov 22, 2002; Reuters reported that Honda Motor Co said on Friday it had won Japanese government approval to market fuel cell cars and would start marketing the environmentally friendly vehicles from December 2, the same day as Toyota Motor Corp. Fuel cell vehicles are touted as the car of the future since they ... Continue reading

Sweden's Autoliv Cutting 850 US Jobs

STOCKHOLM, Sweden November 22, 2002; The AP reported that automotive safety manufacturer Autoliv will close two plants in the United States, the company said Friday. The Stockholm-based company said its plants in Indianapolis and Denver will be phased out, eliminating 850 jobs. The move is expected to save the company ... Continue reading

Tower Automotive Takes Friction Stir Weld Suspension Link from ``Concept to Customer''

GRAND RAPIDS, Mich.--Nov. 22, 2002--Tower Automotive Inc. today announced it has successfully produced suspension links for Ford Motor Company using an innovative "friction stir welding" process. Tower Automotive is the first company in the United States to use the friction stir welding process in an automotive applica ... Continue reading

LA Auto Club: As the Holidays Approach the Weather is Hot, But Gas Prices are Cooling Off

LOS ANGELES--Nov. 22, 2002--A week short of the Thanksgiving holiday period, gasoline prices appear to have crested and are beginning to turn lower, 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 destina ... Continue reading

AAA TEXAS: Weekend Gas Watch; Fuel Prices Decrease as Thanksgiving Draws Near

HOUSTON--Nov. 22, 2002--As we move closer to the Thanksgiving holiday, the price of fuel moved lower for a fourth week in a row, 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. All major cities in Texas p ... Continue reading

Top ranked vehicles in J.D. Power dependability study

Detroit, November 22, 2002 The AP listed the top-ranked vehicles in the J.D. Power and Associates 2002 vehicle dependability study. The study measures problems per 100 vehicles after four or five years of ownership. This year's study looked at 1998 model year vehicles. CARS Compact car: Honda Civic, Mercury Tracer, Toy ... Continue reading

Lexus keeps lead over BMW in U.S. luxury-vehicle sales

LOS ANGELES November 22, 2002; Jeff Green writing for Bloomberg reports that John Fintland says he saved about $6,200 off the $54,000 sticker price on the GS 430 sedan he bought in August from Toyota Motor Corp.'s Lexus unit. Fintland, a 43-year-old engineer in Los Angeles, is among 24,123 buyers that month who took ad ... Continue reading

Honda breaks ground on expansion project at Alabama plant

LINCOLN, Ala. November 22, 2002; The AP reported that Honda Motor Co. broke ground Thursday on an expansion of its eastern Alabama plant that will add a second assembly line and more than 2,000 jobs. Gov. Don Siegelman joined Honda executives for a ceremony marking the start of the project. ... Continue reading

New Best Friends- Ford And Bridgestone Join To Sponsor CART

DEARBORN, Mich. November 22, 2002; Bill Koenig writing for Bloomberg reported that Ford Motor Co. and Bridgestone Corp., the automaker and tire producer that clashed over which was to blame for 271 highway deaths, are co-sponsoring a racing series. Ford will say today that it's underwriting Championship Auto Racing Tea ... Continue reading

AIADA Annual Meeting to be Held Feb. 3 in San Francisco

WASHINGTON, Nov. 21, 2002 -- The American International Automobile Dealers Association (AIADA) will hold its 33rd Annual Membership Meeting and Luncheon on Monday, Feb. 3 at the Yerba Buena Ballroom at the San Francisco Marriott, in conjunction with the National Automobile Dealers Association (NADA) Convention. Attende ... Continue reading

Suzuki Opens Pennsylvania Parts Distribution and Training Center

MECHANICSBURG, Pa.--Nov. 21, 2002--American Suzuki Motor Corp. (ASMC) significantly strengthens its investment in the United States and support for its U.S. dealer network with tomorrow's opening of a 120,000-square foot parts distribution, sales and service training facility in Mechanicsburg, six miles south of Harris ... Continue reading