Goodyear, TRW Automotive to Collaborate on Tires, Suspensions
AKRON, Ohio and LIVONIA, Mich., March 6 -- The Goodyear Tire & Rubber Company and TRW Automotive have signed a five-year agreement to jointly study tires, braking, suspension and steering systems to accelerate product development for vehicle manufacturers. "A key focus of the development program will be optimizing the ... Continue reading
New Chrysler Program Helps Parents Safely Ease Their Teens Into Driving
Survey Shows Most Parents Cite Driving Safety as a Top Concern, Know Their Teens Engage in High-Risk Driving Behaviors WASHINGTON, March 6 -- Six out of ten parents say driving safety is a top concern when it comes to their teens -- far outranking fears such as pregnancy, suicide, and drug and alcohol abuse(1) accordin ... Continue reading
Jury Finds for Ford in Sudden Acceleration Suit
DEARBORN, Mich. & SAN JOSE, Calif.--March 6, 2003-- On Friday, February 28, a Sacramento County jury returned a verdict in favor of Ford Motor Company, finding that a 1989 Ford Taurus had no defect in the design of its cruise control system, door latch and seat belt, as claimed by Carolyn Watts. The jury returned its v ... Continue reading
Experts Foresee Decline in Heavy-Duty Vehicle Market Share for Diesel
PASADENA, Calif.--March 6, 2003-- Prime Challengers Include Truck Systems Powered by Natural Gas, Hybrid Technology, According to a Survey Conducted at the Clean Heavy-Duty Vehicles Conference Over the next decade, a market forecast by industry experts predicts that diesel fuel and engines will not maintain their near ... Continue reading
Nissan Giving Out Record Worker Bonuses
TOKYO March 6, 2003; AP is reporteing that Nissan Motor Co. is doling out a record bonus to its Japanese workers this year, and two other leading Japanese automakers are in talks with unions demanding similar hefty bonuses reflecting roaring profits. Nissan, Japan's second-largest automaker, has agreed to its union's d ... Continue reading
ZAP Electric Transportation, the Answer to Rising Oil Prices
Rent an Electric Vehicle for $5 a Day SEBASTOPOL, Calif., March 6 -- With gas prices rising over $2 per gallon in many parts of the U.S., electric vehicle pioneer ZAP (BULLETIN BOARD: ZAPZ) wants to help people save money by renting out its ZAP vehicles for as low as $5 a day. ZAP rents its vehicles as a way to educate ... Continue reading
AVL CEO Warns Against Focus on Fuel Cells To Exclusion of Other Long-Term Options
Long-term Research Should Include Different Energy Sources, Fuels and Propulsion Systems DETROIT, March 5 -- Hydrogen fuel cells should be one of, but not the only, area of long-range research conducted by the scientific community, said Helmut List, Chairman and CEO of Austrian-based AVL GmbH, during his keynote addres ... Continue reading
DuPont Automotive Unveils New Corporate Safety Initiative
DETROIT, March 5 -- At SAE World Congress today, DuPont unveiled a new corporate safety initiative to leverage more than 60 existing DuPont product lines and over $600 million of current revenue in auto safety systems to help vehicle manufacturers and their suppliers improve vehicle safety. The DuPont Automotive Safety ... Continue reading
Goodyear Announces Waiver Extension, New Financing Commitment
AKRON, Ohio, March 5 -- The Goodyear Tire & Rubber Company today announced it has been granted an extension until April 4, 2003 to comply with certain covenants in its syndicated loan agreements. The waivers had previously been set to expire March 7, but were extended as the company, with the support of JPMorgan, is wo ... Continue reading
Ignition Tester Shields Out Noise With DuPont(TM) Zytel(R) EMX
DETROIT, March 5 -- Checking ignition performance in racing cars and other high-powered vehicles is taking a turn for the better, thanks to DuPont(TM) Zytel(R) EMX nylon shielding resin. In the MSD(R) Digital Ignition Tester, a housing molded from Zytel(R) EMX effectively shields sensitive microprocessor circuitry agai ... Continue reading
Jacobs' Subsidiary Announces Contract Renewals at Three Ford Test Complexes
SOUTHFIELD, Mich.--March 5, 2003--Jacobs Engineering Group Inc. announced today that a subsidiary company received contract funding renewals from Ford Motor Company at three automotive operations sites in Michigan. Officials did not disclose the contract values. The first renewal is for the Driveability Test Facility ( ... Continue reading
MSD(R) Racing Ignition Systems Win With DuPont(TM) Rynite(R) PET
DETROIT, March 5 -- DuPont Engineering Polymers is making a commitment to automotive racing by working with MSD(R) Ignition, the world leader in high-performance ignition components and systems. At the SAE World Congress this week, an impressive display in the DuPont booth features 60 MSD(R) ignition components used in ... Continue reading
Siemens VDO Automotive Green Motors Help Move Industry Closer To Environmental Compatibility
DETROIT, March 5 -- At Siemens VDO Automotive, the color of fractional horsepower electric motors is green. In fact, Siemens VDO Automotive has been manufacturing environmentally friendly electric motors by actively pursuing the removal and restriction of hazardous component materials for several years. This initiative ... Continue reading
VELTRI METAL PRODUCTS Announces New Facility
TROY, Mich., March 5 -- VELTRI METAL PRODUCTS, Inc. ("Veltri") has approved the construction of a new 110,000 sq. ft. manufacturing and office facility in the town of Lakeshore, Ontario to produce stamped assemblies for the North American light vehicle production industry according to Michael Veltri, Veltri's President ... Continue reading
Fresh off a successful Ride-And-Drive in Southern California attended by Motor Trend, Car and Driver, Automobile and Popular Mechanics, SLP is inviting you to our Southeast Media Ride-And-Drive. Scheduled for Friday, March 28th in Orlando, the program will feature SLP's new Ford-approved Ranger Thunderbolt LowRider. Ge ... Continue reading
DEERFIELD BEACH, Fla.--March 5, 2003--CARCORP USA Corporation, a Delaware Corporation (OTCBB:CUSA), has made significant progress with the due diligence process and hopes to finalize the acquisition within thirty (30) days or less subject to shareholder approval. Elite Flight Solutions Inc. is a provider of public air ... Continue reading
CogniTens Receives Multiple System Orders from Japan
RAMAT HASHARON, Israel--March 5, 2003--CogniTens Ltd.-- -- TSK, the Japanese Distributor of CogniTens, Has Ordered Several Optigo 200 3D Non-Contact Measurement Systems for Shop-Floor Applications and OptiCell Automated 3D Non-Contact Robotic Cells for in-Production Repetitive Part Measurements CogniTens Ltd. announced ... Continue reading
Dr. Sohi Named Chief Executive Officer of Freudenberg-NOK
PLYMOUTH, Mich.--March 5, 2003--Dr. Mohsen Sohi, 43, has been named chief executive officer for Freudenberg-NOK G.P., the Americas unit of the global Freudenberg and NOK Group Companies. The announcement was made by Dr. Peter Stehle, who serves as chairman of the board of Freudenberg-NOK and as managing partner of pare ... Continue reading
Modine Named `SPD Supplier of the Year' by the Chrysler Group
RACINE, Wis.--March 5, 2003--Modine Manufacturing Company has been honored by the Chrysler Group's Toledo North Assembly Plant (TNAP) as being named the "SPD Supplier of the Year" at Modine's Toledo Assembly Plant. The achievement caps off a great year for the Modine facility. The award is based on providing excellent ... Continue reading
-- Schenck Pegasus has revolutionized the way vehicle manufacturers test their powertrains and front end accessory devices (FEAD). The Engine Torque Pulsation Simulation (ETPS) Dynamometer system is ultra low in inertia and uses a real time model for engine configuration and combustion. You can reach the story directly ... Continue reading
Multimedia Available: They're Back: Return of the Station Wagon
--March 5, 2003-- Like bell bottoms and 70's rock, wagons are back in style -- and for all the right reasons. Among them: fuel efficiency and family-friendly features. You don't have to give up luxury options for this practical ride. A report from General Motors . You can reach the story directly by going to http://www ... Continue reading
Racing Champions Ertl Completes Acquisition of Learning Curve International
GLEN ELLYN, Ill.--March 5, 2003--Racing Champions Ertl Corporation , a leading producer and marketer of innovative collectibles and toys, today announced it has completed its previously-announced acquisition of Chicago-based Learning Curve International, Inc., the exclusive producer of Thomas the Tank Engine wooden and ... Continue reading
Renault First to Use Unique Engelhard Technology to Reduce Emissions from Diesel Passenger Cars
ISELIN, N.J--March 5, 2003--New technology from Engelhard Corporation is being used on Renault's Vel Satis luxury sedans to cut diesel emissions by more than 95%, making the Vel Satis one of the cleanest diesel passenger cars in the world. The car is the first light duty vehicle to feature Engelhard's unique catalytic ... Continue reading
Rotary Power International Inc Announces Acquisition and Other Material Events
WOOD-RIDGE, N.J.--March 5, 2003--Virgil Wenger, Chairman of Rotary Power International, Inc. (RPI) announced today the acquisition of a 51% stake in Envirotech Rotary Power, Inc, (ERP) a Florida based rotary engine company. The purchase calls for RPI to pay $450,000 dollars to ERP in the form of a Promissory Note at 5% ... Continue reading
Business Editors/Automotive Writers NOTE TO MEDIA: Multimedia assets available A photo is available at URL: http://www.businesswire.com/cgi-bin/photo.cgi?pw.030503/bb8 TROY, Mich.--March 5, 2003--Schenck Pegasus has revolutionized the way vehicle manufacturers test their powertrains and front end accessory devices (FEA ... Continue reading
Shiloh Industries Reports First Quarter Results
CLEVELAND, March 5 -- Shiloh Industries, Inc. today reported results for the first quarter ended January 31, 2003. First Quarter Results For the first quarter ended January 31, 2003, the Company had revenues of $136.6 million, a decrease of $9.4 million or 6.4% from the same period in fiscal 2002. Operating income for ... Continue reading
Syntel, Inc. Officially Opens the NASDAQ Stock Market Today
NEW YORK, March 5 -- Bharat Desai, Chairman and CEO of Syntel, Inc. opened The NASDAQ Stock Market in New York at 9:30 a.m. today. Serving as the epicenter for NASDAQ news and events, NASDAQ's MarketSite is located in the heart of New York's Times Square. Each day MarketSite hosts some of the world's business leaders t ... Continue reading
Tiger Telematics, Inc. Announces First Installations In Its OEM Agreement With Branson Ltd.
JACKSONVILLE, Fla., March 5 -- Tiger Telematics, Inc. (BULLETIN BOARD: TIGR) (www.tigertelematics.com) headquartered the U.S. and with offices in London, UK, said it has completed the first installations of its January 8, 2003 announced OEM Agreement with Branson Ltd. (www.bransonworldplc.com) to supply the Tiger Telem ... Continue reading
Five Top North American Automotive Suppliers Honored By the French Government Yesterday in Detroit
DETROIT, March 5 -- Five top North American automotive suppliers were honored by the French government yesterday evening at the eighth annual Invest in France Automotive Awards ceremony held at the Detroit Institute of Arts during the 2003 SAE World Congress. The five suppliers honored this year were Advanced Accessory ... Continue reading
K & F Industries, Inc. Completes Exchange Offer
NEW YORK--March 5, 2003--K & F Industries, Inc. today announced that is has successfully completed its offer to exchange all of its outstanding 9-5/8 percent Series A Senior Subordinated Notes due 2010, that were privately placed in December, 2002 (the "Outstanding Notes"), with a new issue of 9-5/8 percent Series B Su ... Continue reading
Lund International Holdings, Inc. Announces Fourth Quarter 2002 Financial Results
DULUTH, Ga., March 5 -- Lund International Holdings, Inc. (OTC Pink Sheets: LUND) announces results of operations for the fourth quarter ended December 29, 2002. Net sales from continuing operations for the fourth quarter of 2002 were $33,897,000, compared to $36,074,000 for the same period in 2001. This decrease was a ... Continue reading
NEW YORK--March 5, 2003-- They're Back: Return of the Station Wagon Like bell bottoms and 70's rock, wagons are back in style -- and for all the right reasons. Among them: fuel efficiency and family-friendly features. You don't have to give up luxury options for this practical ride. A report from General Motors . You c ... Continue reading
2003 Hot Rod Magazine Power Tour Presented by Chevrolet Rolls into Action, May 30 - June 6, 2003
The 9th annual "ultimate road trip" celebrates America's love affair with the automobile on an 8-day traveling extravaganza through the South LOS ANGELES, March 5 -- The 9th annual Hot Rod Magazine Power Tour, May 30 - June 6, 2003. Presented by Chevrolet and sponsored by Flowmaster, this year's 8-day, 7-city trek of s ... Continue reading
As Women's History Month Unfolds, Four 'Unsung Heroines' Receive National Recognition
Women Honored by Congressional Leaders, Mitsubishi Motors U.S.A. Foundation, and PBS TV's 'To The Contrary With Bonnie Erbe' One Leader Finds Safe, Loving Homes for Children of Incarcerated Mothers; Two Others Provide Quality Health Care for Those in Need; Another Drives Better Community Services Principals Available F ... Continue reading
DaimlerChrysler Presents 'Behind the Lens' Award
* Hollywood comes out to celebrate Gordon Parks, director of "Shaft" -- the first African American to write, direct and produce a film for a major motion-picture company * Natalie Cole to sing about an "unforgettable" icon; Robert Townsend and Richard Roundtree join DaimlerChrysler in honoring Parks at the "Behind the ... Continue reading
Insurance Auto Auctions Announces Share Repurchase Program
SCHAUMBURG, Ill., March 5 -- The management team and Board of Directors of Insurance Auto Auctions, Inc. , a leading provider of automotive salvage and claims processing services in the United States, today announced that it has initiated a previously authorized share repurchase program, and reiterated its confidence i ... Continue reading
Starcraft Corporation Remains Comfortable With 2003 Forecast
GOSHEN, Ind.--March 5, 2003--Starcraft Corporation , said today that it continues to anticipate strong revenue and earnings growth for its fiscal year ending September 28, 2003, despite recent reports of lower retail sales of light trucks and sport utility vehicles (SUVs) by the automotive OEMs. Through its Tecstar joi ... Continue reading
Union Boss in Derby for big employer talks
London, March 6 -- Derek Simpson, leader of the giant manufacturing union Amicus is in Derby today to visit Rolls Royce and Toyota in the wake of this week's big news stories. At 9.00a.m. Mr Simpson will visit Rolls Royce to meet shopstewards and the management to discuss the current pension crisis in the company and t ... Continue reading
Delphi's Fog Sensor Technology Receives 'Excellence in Design' Award
CHICAGO, March 5 -- After making it to the list of 15 finalists, Delphi's Fog Sensor, part of the corporation's Automatic Windshield Fog Prevention technology (Auto Defog), was chosen as a grand prize winner in the 23rd Annual Design News Excellence in Design Competition. Just three technologies out of numerous submiss ... Continue reading
EPA Honors DuPont(TM) SuperSolids(TM) Coatings Technology
DETROIT, March 5 -- The revolutionary science behind DuPont(TM) SuperSolids(TM) ultra-low emissions technology has earned the Environmental Protection Agency (EPA) Clean Air Excellence Award. SuperSolids(TM) clearcoat lowers volatile organic compound (VOC) emissions more than 25 percent, while also improving scratch an ... Continue reading
New Nissan Micra wins 2003 European Automotive Design Award at Geneva Motor Show
Geneva, March 5 -- The new Nissan Micra was today honoured with the 2003 European Automotive Design Award from Designers (Europe), a division of Fontignies Consulting. Dominique Fontignies, Chief Consultant from Designers (Europe) presented the award in the 'production car' category to Shiro Nakamura, Senior Vice Presi ... Continue reading
Managing Cost, Alternative Fuel Technology Top Concerns In 2003 DuPont/SAE Survey
Recyclability Emerges as Key Priority DETROIT, March 5 -- Cost still tops the list of challenges facing the automotive industry, according to the ninth annual DuPont Automotive/SAE Survey of automotive engineers attending the SAE World Congress this week in Detroit. Technologies for alternative fuels, emissions regulat ... Continue reading
Delphi Engineer Wins SAE Award for Young Engineers
TROY, Mich., March 5 -- One of Delphi Corp.'s brightest engineers, Chantal S. Parenteau, Ph.D., won the Society of Automotive Engineers / InterRegs Standards & Regulations Award for Young Engineers for her work in helping to improve safety in automobiles. "SAE created this award to encourage more participation in the s ... Continue reading
Acura Announces Pricing for 2004 3.5 RL Luxury Sedan
New Model Features XM(R) Satellite Radio and Navigation System as Standard TORRANCE, Calif., March 5 -- The 2004 3.5 RL luxury sedan will be priced at $45,600 when it goes on sale today at Acura dealers nationwide. This price represents a $450 increase compared to a 2003 model equipped with the Acura Satellite-Linked N ... Continue reading
Road Rage, One Solution: Dim Light Signal Device
SHARPSVILLE, Pa., March 5 -- Have you ever had someone following you at night with their lights on high beam shining in your mirror for a long distance? The glare is unbearable and causes extremely dangerous driving situations, especially for truck drivers because their mirrors are stationary in position so they can se ... Continue reading
GENEVA, March 5, 2003; Reuters reported that Chrysler is considering exporting its Dodge Viper, the V10 engine sports car beloved by auto enthusiasts, to establish the Dodge brand in Europe, said Jim Schroer, head of marketing and advertising with DaimlerChrysler AG's U.S. arm. Mortgage Expo makes shopping for a loan q ... Continue reading
Detroit Determines Diesels Are Dreamy
Detroit awakens to benefits of Europe's diesels Wednesday March 5, 11:14 am ET By GENEVA, March 5, 2003; Michael Ellis writing for Reuters filed this report: As a child growing up in New Jersey, Mark Fields had a nickname for the diesel-engine truck his neighbor drove to work every morning. "I used to call it the alarm ... Continue reading
Ford: Will Sell Hybrid Escape SUV Below Cost
DEARBORN, Mich., March 5, 2003; Justin Hyde writing for Reuters reported that Ford Motor Co. said on Wednesday it will sell a gasoline-electric hybrid version of the Ford Escape small sport utility vehicle at a loss while it tries to cut the costs of the hybrid system in half. "We have to subsidize the price of the hyb ... Continue reading
Tire Pressure Monitoring Is Automatic with New Tire IQ System
First Direct Battery-less Tire Measurement Technology Available from Goodyear, Siemens VDO Automotive AKRON, Ohio, March 5 -- A unique tire-based pressure monitoring system was unveiled this week by The Goodyear Tire & Rubber Company and Siemens VDO Automotive. The new Tire IQ system relays specific tire information to ... Continue reading
TRW's Vos Named Design News 'Engineer of the Year'
LIVONIA, Mich., March 5 -- Tom Vos, Director of Safety Systems Technology for TRW Automotive, has been named 2003 "Engineer of the Year" by the readers of Design News magazine. A pioneer in the occupant safety restraints arena, Vos has dedicated a 40- year career to developing significant advancements in seat belts, ai ... Continue reading
Valeo Technology to Debut on Bertone Concept Car
PARIS--March 5, 2003--Valeo (Paris: FR; OTC: VLEEY) today announced that the Geneva International Motor Show is showcasing a concept car featuring a range of innovative Valeo technologies. The Geneva Show marks the world preview of the Birusa sports car, a concept car from Bertone, Italy. The Birusa interprets a classi ... Continue reading
Visteon Corporation Announces Cooperative Agreement to Exit Seating Business
DEARBORN, Mich., March 5 -- Visteon Corporation today announced it will exit its seating business located in Chesterfield, Mich. The Chesterfield plant currently provides seating systems to Ford Motor Company. Ford will source current model seating business at Chesterfield to Johnson Controls Inc. effective immediately ... Continue reading
DEARBORN, Mich., March 5 -- With continuing snow and cold temperatures, AAA Michigan advises motorists to take driving precautions. Since midnight today (March 5), AAA Emergency Road Service staff has helped more than 650 motorists -- with common calls for help including tows for spinouts. AAA Michigan offers the follo ... Continue reading
Johnson Controls Awarded Seat Systems Contract For Ford and Lincoln Models Produced in Michigan
PLYMOUTH, Mich., March 5 -- Automotive interior supplier Johnson Controls has been selected by Ford Motor Company to build and supply complete seat systems for a number of Ford and Lincoln models that are manufactured at the automaker's southeast Michigan plants. The supplier will provide seating systems for the Ford F ... Continue reading
Spherical Rotary Valve Diesel Engine Developed
LITTLE ROCK, Ark., March 5 -- Jeff England, CEO of McLean, England & Associates, LLC of Little Rock, Arkansas states, "We believe the spherical rotary valve combustion engine will be the 'bridge' technology that will take this country and the rest of the world from the inherently inefficient tappet valve engines we dri ... Continue reading
Sean Neall Rejoins JWT Detroit as Global Business Director, Ford
DETROIT, March 5 -- Peter A. Schweitzer, President and Chief Executive Officer of J. Walter Thompson Company, today announced that Sean Neall, 51, is returning to the company as Executive Vice President, Global Business Director on the Ford Motor Company account, based at JWT Detroit. Mr. Neall previously spent 13 year ... Continue reading
Ducati Motor Holding Confirms 2002 Results
Wins Double Victory with 999 at First World Superbike Race in Valencia BOLOGNA, Italy, March 5 -- Ducati Motor Holding S.p.A. , a leading manufacturer of high performance motorcycles, today confirmed its consolidated results for 2002. Preliminary results, announced on February 14, 2003, remain unchanged after final app ... Continue reading
Ducati CEO Di Biagio Steps Down
Chairman Federico Minoli to Assume Chief Executive Responsibilities BOLOGNA, Italy, March 5 -- Ducati Motor Holding S.p.A. , a leading manufacturer of high performance motorcycles, announced that Carlo Di Biagio, Chief Executive Officer, has resigned from the company for personal reasons. Federico Minoli, Chairman of t ... Continue reading
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