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December 2002

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Saturday, December 21, 2002

Toyota to Unveil All-New Sienna Minivan At 2003 North American International Auto Show

Toyota to Unveil All-New Sienna Minivan At 2003 North American International Auto Show

TORRANCE, Calif., Dec. 20, 2002 -- Toyota will unveil its all-new second-generation Sienna minivan at a press conference at the 2003 North American International Auto Show (NAIAS) in Detroit. The all-new 2004 Sienna has been improved, refined and enlarged in nearly every metric of comparison. Sienna will be built, excl ... Continue reading

Car Bites Dog - Dog Crashes Car

Car Bites Dog - Dog Crashes Car

LONDON, Dec 21, 2002; Reuters reports that British television presenter Johnny Vaughan says his pet dog crashed his sports car in a bizarre accident, the Sun newspaper reported on Saturday. The tabloid said Vaughan's bulldog nudged his 60,000-pound ($96,180) Maserati into gear and stepped on the accelerator -- sending ... Continue reading

Jurors Award $80M in Damages in GM Suit

Jurors Award $80M in Damages in GM Suit

INDEPENDENCE, Mo. December 20, 2002; The AP reported that a Jackson County jury on Thursday ordered General Motors Corp. to pay $80 million in damages in connection with a September 2000 driveway accident that left the driver of an Oldsmobile in a vegetative state. Detroit-based GM pledged to appeal the verdict, which ... Continue reading

GM Names Opel CFO As Treasurer

GM Names Opel CFO As Treasurer

DETROIT, Dec 20, 2002; Reuters reported that General Motors Corp. said on Friday it had promoted the chief financial officer of its Adam Opel unit to treasurer. Walter Borst, 41, replaces Eric Feldstein, 43, who had been made president of GM's credit arm, General Motors Acceptance Corp., last month. Borst, who has been ... Continue reading

Penske Corporation Names New President

Penske Corporation Names New President

DETROIT, Dec. 20, 2002; Penske Corporation announced today that, effective January 1, 2003, Robert H. Kurnick, Jr. will become President and will be elected to the Company's Board of Directors. Mr. Kurnick will also continue as General Counsel of UnitedAuto Group, Inc. Penske Corporation is the largest shareholder of U ... Continue reading

Publicly Owned Car Dealer Groups Cut Earnings Estimates

Publicly Owned Car Dealer Groups Cut Earnings Estimates

DETROIT, Dec 20, 2002; Michael Ellis writing for Reuters reported that Lithia Motors Inc. and Asbury Automotive Group Inc. on Friday became the latest car dealership groups to cut earnings estimates due to slowing sales of new vehicles and falling profit margins on used cars and trucks. Sales of new cars and trucks in ... Continue reading

Fiat Sells its Stake in GM for $1.16 Billion

Fiat Sells its Stake in GM for $1.16 Billion

Milan December 20, 2002; Fred Kapner wrting for FT reported that crisis-hit Fiat said on Friday that it had sold its entire stake in partner General Motors of the US for about $1.16bn to an unnamed investment bank in a move that will help cut its net debt. In a statement late on Friday, the Italian industrial group sai ... Continue reading

Toyota Donates Attraction Passes to Voices for Children Foundation

Toyota Donates Attraction Passes to Voices for Children Foundation

MIAMI--Dec. 20, 2002--South Florida Toyota Dealers and Southeast Toyota Distributors, LLC, (SET) have donated to the Voices for Children Foundation 54 passes for unlimited rides at Downtown's Holiday Village located in Bayfront Park in downtown Miami. The holiday-themed park, which runs through Sunday, Jan. 5, offers a ... Continue reading

2003 PRO Class Sponsor Update!

2003 PRO Class Sponsor Update!

PRO Hot Rod & Muscle Car Nationals Show Series Official Newsletter http://www.fasteststreetcar.com MSD Ignition, Toyo Tires, Superchips, Hamburger's Oil Pans, and Flowmaster return as 2003 PRO Class Sponsors; Denso Spark Plugs & Drive Train Specialists sign 3-year class sponsorship arrangements for first time in PRO Se ... Continue reading

MPS Racing Holiday Specials

MPS Racing Holiday Specials

Happy Holidays Until the end of this year, we will offer our quality Tether Kill Switches and Onboard Air Compressors 15% off our already low prices. Dealers, we will give you 15% off your pricing as well! Go to our web site at http://www.mpsracing.com and order today on our newly improved secure order form. These purc ... Continue reading

PRO 2003 Preliminary Rules Released

PRO 2003 Preliminary Rules Released

PRO Hot Rod & Muscle Car Nationals Show Series Official Newsletter http://www.fasteststreetcar.com Preliminary Rules for the PRO-Edelbrock Drag Racing Series have been released for the following classes on the PRO Message Board. * Denso Pro Street * Nitto Tires Super Street * Xtreme Street * Pro Stock * MSD True Street ... Continue reading

PRO 2003 Fastest Street Car Series Update

PRO 2003 Fastest Street Car Series Update

PRO Hot Rod & Muscle Car Nationals Show Series Official Newsletter http://www.fasteststreetcar.com ATI Procharger has joined forces with the PRO Fastest Street Car Drag Racing Series, returning as a title premier sponsor, and is posting contingency in all classes for ProCharger Superchargers. ATI is posting contingency ... Continue reading

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