Canadian International Auto Show: A World Class Auto Show In Fabulous Toronto
Toronto Auto Show is North America's second truly international auto show in addition to Detroit, featuring world class attractions - all within a few hours driving or flying distance, and, the American dollar goes almost 50% further in Canada. World and North American Premieres of production vehicles; an American LeMa ... Continue reading
NORMAL, Ill., Jan. 17, 2003; Local officials and NASA Endeavour astronaut Colonel Mark Lee joined Mitsubishi Motors North America, Inc. (MMNA) executives today in celebration as the first Mitsubishi Endeavor, a crossover S.U.V., rolled off the line at the company's manufacturing facility in Normal, Ill. Highlighting th ... Continue reading
Auto Life Announces Manufacturing Agreement
CARLSBAD, Calif.--Jan. 17, 2003--Auto Life Acquisition Corp. ("Auto Life"), manufacturer of internal auto and engine cleaning systems, today announced that it had entered in to a strategic manufacturing agreement with Corlund Electronics. Under this agreement, Corlund will manufacture all of Auto Life's requirements fo ... Continue reading
Celtron International Announces Contract Wins and Product Enhancements
MIDRAND, South Africa--Jan. 17, 2003--Celtron International Inc. (OTCBB: CLTR) announced today that it has signed contracts to immediately install over 2,000 vehicle tracking devices, with indications to install over 5,000 units. New customers include Deelkraal Mine, Elands Rand Mine, Freegold Mine and South Deep Mine. ... Continue reading
Donaldson Company Announces Quarterly Cash Dividend Increase; Authorizes Share Repurchase Program
MINNEAPOLIS--Jan. 17, 2003--Donaldson Company, Inc. , announced today that the company's board of directors has increased the common stock cash dividend for the 16th consecutive fiscal year and authorized the repurchase of up to 4.0 million common shares. The board declared a regular cash dividend of nine cents per sha ... Continue reading
IIR Industry Alert: Automotive Supplier Decoma Flourishes In Lackluster Market
HOUSTON--Jan. 17, 2003--Researched by Industrialinfo.com (Industrial Information Resources, Incorporated; Houston, Texas). Decoma International Incorporated, (Concord, Ontario), seems to flourish in a market where many suppliers are either going out of business or are feeling a hefty pinch in a sector that's been very ... Continue reading
Intelligent Motor Cars Terminates Transaction
FORT LAUDERDALE, Fla.--Jan. 17, 2003--Intelligent Motor Cars, Inc., d/b/a Sun Auto Leasing & Sales announced today that it has terminated the planned share exchange with Joshua Tree Construction due to previously unknown matters that arose immediately prior to closing the transaction. "We are a very reputable company w ... Continue reading
GRAND RAPIDS, Mich.--Jan. 17, 2003-- Webcast is Live at 11 a.m. ET Tower Automotive, Inc. , today announced that it will host a live Webcast of its 2002 fourth-quarter and year-end earnings conference call on Friday, February 14, at 11 a.m. ET. To access the Webcast, go to www.streetevents.com, search for Tower Automot ... Continue reading
ATLANTA--Jan. 17, 2003--UPS has named Bob Stoffel, a 28-year company veteran, as president of UPS Supply Chain Solutions. The unit provides integrated logistics, transportation and trade services around the world. Stoffel, 47, will oversee global operations for UPS Supply Chain Solutions, a $2 billion unit that include ... Continue reading
Textron Helps Vehicles Keep the Air Clean; Low Emissions Plastic Fuel Systems Are Wave of the Future
PROVIDENCE, R.I.--Jan. 17, 2003--As the International Auto Show continues this week in Detroit, fuel efficient and low emissions vehicles are taking center stage. One way that automakers and their suppliers are helping to reduce emissions is by improving fuel systems. Kautex, a Textron company and the world leader in p ... Continue reading
Inglis, Cosgrove "Retire" from Ford
DEARBORN, Mich., Jan. 17, 2003; Ford Motor Company announced today the retirements of Martin Inglis, group vice president, Business Strategy; and William Cosgrove, vice president, chief financial officer, and chief of staff Premier Automotive Group. Both retirements are effective March 1. Inglis, 52, became group vice ... Continue reading
Ward's Reports Estimated North American Vehicle Production
SOUTHFIELD, Mich., Jan. 17, 2003; Vehicle production this week in the U.S., Canada and Mexico is expected to hit an estimated 345,711 units, up from the 336,038 cars and trucks built last week, according to Ward's Automotive Reports.Including this week's estimates, calendar year North American output now totals 804,970 ... Continue reading
Detroit Auto Show: Video Wrap From MB
Here are two video stories of the highlights of the Detroit Auto Show. http://www-video.daimlerchrysler.com/dctv/videos/20030116_e .ram CLICK4 - Cadillac Sixteen; Tomahawk Motorcycle; Big Wheels; Hybrid Vehicles; SUV and Crossovers; Maybach; US Market Outlook. http://www-video.daimlerchrysler.com/dctv/videos/20030117_e ... Continue reading
Ake Svensson, New CEO and President of Saab
LINKOPING, Sweden, Jan. 17, 2003 (PRIMEZONE) -- After eight years, Bengt Halse intends to take the opportunity, at the age of 60, to step down from the post of chief executive and president of Saab. He will be replaced by Ake Svensson, currently Head of business area Saab Aerospace in Linkoping. The changeover takes pl ... Continue reading
LA Auto Club: Retail Gas Prices Climb for Third Consecutive Week
LOS ANGELES--Jan. 17, 2003--Gasoline prices continued their upward climb for the third consecutive week throughout the Southwest region, 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 destinations for mot ... Continue reading
AAA TEXAS: Weekend Gas Watch; Gasoline Prices Drop for First Time in Weeks
HOUSTON--Jan. 17, 2003--For the first time in four weeks, gas prices have taken a downturn, 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. While the Texas average for a gallon of regular self-serve fuel ... Continue reading
Positive start for MCT; George recognized by The Sporting News INDIANAPOLIS, Thursday, Jan. 16, 2003 -- When Red Bull Cheever Racing completed its first test of 2003 on Jan. 9-10 at Homestead-Miami Speedway, it also was the first on-track test for MCT, the new technical research-and-development company formed by owner- ... Continue reading
NASHVILLE - Chevrolet Motor Division today announced updated plans for the extensive Corvette 50th Anniversary Celebration taking place in and around Nashville in late June 2003. At a news conference prior to the start of the Nashville Auto Show, Rick Baldick, Corvette marketing director announced, "In less than six mo ... Continue reading
Honda's Anna plant produces 10 millionth engine
ANNA, Ohio January 17, 2003; The AP reports that the 10 millionth engine to be produced at Honda Motor Co.'s engine plant in this western Ohio village rolled off the production line Thursday. The 3.0-liter, V-6 engine was to be transported to Honda's assembly plant in nearby Marysville, Ohio for installation into a Hon ... Continue reading
ATLANTA, Jan. 16, 2003; AutoTrader.com, and MercExchange LLC, holder of several important U.S. patents on internet-based auction and market processes, announced today that they have entered into an agreement that provides AutoTrader.com with a license to MercExchange's patents for internet based auctions. AutoTrader.co ... Continue reading
Asia-Pacific Premiere: First Car with Integrated 3G-UMTS Services
BURLINGAME, Calif., Jan. 16, 2003; Mercedes-Benz, NEC, Siemens Mobile and SingTel Mobile jointly showcase the first car with integrated 3G-UMTS services worldwide. This industry-first 3G-UMTS car made its debut in Berlin, Germany recently and is presented in Asia-Pacific for the very first time. In a specially fitted M ... Continue reading
General Electric Drops Longtime Slogan
NEW HAVEN, Conn. January 16, 2003; Diane Scarponi writing for AP reorted that -- General Electric Co. is jettisoning its "We bring good things to life" slogan after nearly a quarter century for a new campaign that emphasizes the innovative spirit that Thomas Edison started at GE more than a century ago. The new $100 mi ... Continue reading
Japan,US Agree Must Stop China Auto Parts Imitation
TOKYO January 16, 2003; Dow Jones reports that- Japan and the United States have wrapped up two days of talks on automobile trade and agreed that China should strengthen efforts to prevent the imitation of foreign auto parts, Kyodo News reported Friday. The two countries focused on multilateral auto issues on the secon ... Continue reading
Goodyear Cutting 700 Jobs to Trim Costs
AKRON, Ohio January 16, 203; The AP reports that Goodyear Tire & Rubber Co. will eliminate 700 salaried jobs to trim costs, the world's largest tire maker said Thursday. Nearly 500 positions will be eliminated through layoffs by March 31. Another 200 positions have been left vacant through attrition since Oct. 1. ... Continue reading
South Korea sells record number of cars in 2002
SEOUL, Jan 17, 2003; Reuters reported that South Korea's top automaker, Hyundai Motor Co, and its domestic rivals sold a record number of cars in 2002, an industry group said on Friday, although analysts said the outlook this year was dimmer. Racy new models, improved quality and extended warranties have propelled Sout ... Continue reading
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