Fiat: We Dont Want To Sell To GM
ROME March 7, 2003; AP reported that Fiat SpA chairman Umberto Agnelli says he hopes never to use an option to sell his company's auto unit to General Motors Corp., and wants instead to pursue cooperation with the Detroit automaker. In 2000, Fiat struck a deal with GM, selling 20 percent of its auto operations with a p ... Continue reading
THE AUTO PAGE By JOHN HEILIG SPECIFICATIONS MODEL: Volkswagen EuroVan MV ENGINE: 2.8-liter V6 HORSEPOWER/TORQUE: 201 hp @ 6200 rpm/181 lb-ft @ 2500-5500 rpm TRANSMISSION: 4-speed automatic WHEELBASE: 115.0 in. LENGTH x WIDTH x HEIGHT: 188.5 x 72.4 x 76.4 in. STICKER PRICE: $31,650 There's no denying that Volkswagen (an ... Continue reading
BENTONVILLE, Ark.--March 6, 2003--America's Car-Mart, Inc. today announced its operating results for the third fiscal quarter and nine months ended January 31, 2003. The Company's results are segmented into continuing and discontinued operations. Highlights of third quarter operating results (continuing operations, exc ... Continue reading
ASV Reports 4th Quarter & Fiscal 2002 Results; 4th Quarter Sales Increase 9% Over 2001
GRAND RAPIDS, Minn.--March 6, 2003--ASV, Inc. today announced its financial results for its fourth quarter and fiscal year 2002. For the fourth quarter of 2002, ASV reported net sales of $11,870,457, a 9% increase over net sales for the fourth quarter of 2001 of $10,847,501. Net earnings for the fourth quarter of 2002 ... Continue reading
IRVINE, Calif.--March 6, 2003--Autobytel Inc. President and Chief Executive Officer Jeffrey Schwartz is scheduled to speak at the B. Riley & Company Investor Conference in Los Angeles at 10:55 a.m. PST/ 1:55 p.m. EST on Thursday, March 13, 2003. The Conference will be held at the Marriott Hotel (Los Angeles Airport), 5 ... Continue reading
CNH reducirá su deuda en 2.000 millones de dólares
Lake Forest, Estados Unidos, March 6 -- CNH Global N.V. anunció hoy que su junta directiva ha aprobado unos planes para la reducir la deuda neta de la compañía en 2.000 millones de dólares mediante la emisión de bonos preferentes perpetuos convertibles destinados a la filial financiera de uno de los accionistas ma ... Continue reading
Cray Inc. and MCube Announce Advanced Engineering Solution for Automotive Wind Noise
SEATTLE & MARSEILLE, France--March 6, 2003-- Multiprocessor Version of MCube's RADIOSS-CFD on Cray Supercomputers Cuts Solution Time To One Day, Versus 5-6 Weeks with Current Methods Global supercomputer leader Cray Inc. and MCube, a leading provider of simulation software to manufacturers worldwide, today announced an ... Continue reading
Delphi's Sebastian Named Institute of Electrical & Electronics Engineers, Inc. Fellow
SAGINAW, Mich., March 6 -- Delphi Corp.'s Dr. Tomy Sebastian, chief scientist, DynamX Center, Saginaw, has been elected Fellow of the Institute of Electrical and Electronics Engineers, Inc. (IEEE), effective Jan. 1, 2003. Sebastian's contributions to the theory, design and application of permanent magnet motors and dri ... Continue reading
Fleetwood Reports Results for Third Quarter and First Nine Months of Fiscal 2003
RIVERSIDE, Calif., March 6 -- Fleetwood Enterprises, Inc. , the nation's leader in recreational vehicle sales and a leading producer and retailer of manufactured housing, today announced results for the third quarter and nine months ended January 26, 2003. The Company reported a third quarter net loss of $18.4 million ... Continue reading
Lithia Motors Announces New Credit Facility with DaimlerChrysler Services North America
MEDFORD, Ore., March 6 -- Lithia Motors, Inc. announced today that it has established a new three year credit facility with DaimlerChrysler Services North America. The facility includes up to $200 million for acquisitions and working capital. In addition, DaimlerChrysler Services, Ford Credit, Toyota Motor Credit and G ... Continue reading
Share the Road Safely in Charlotte
Professional Truck Drivers Offer Safe Driving Tips CHARLOTTE, N.C., March 6 -- Over 159,000 vehicles travel I-77 through Charlotte each day. With so many vehicles on the highways, and construction zones north of Charlotte, it's more important than ever that motorists learn to share the road safely with large trucks and ... Continue reading
LOS ANGELES--March 6, 2003-- GM Presents Exclusive Event Hosted by 100.3 The Beat's Steve Harvey for NAACP Image Awards Nominees, Community Leaders and Celebrity Guests and Media To Test Drive GM's New 2003 Vehicles Steve Harvey, host of 100.3 The Beat's Steve Harvey Morning Show, along with Rod Gillum, General Motors' ... Continue reading
PITTSBURGH--March 6, 2003--Ansoft Corporation released SIwave(TM) v1.1 this week, introducing the software at the Design Automation and Test in Europe (DATE) conference in Munich, Germany. SIwave, simulation software for the advanced modeling of leading-edge integrated circuit (IC) packages and printed circuit boards ( ... Continue reading
PRSA Members Receive Special Registration Rate RESEARCH TRIANGLE PARK, N.C., March 6 -- The future of automotive communications is the focus of the Spring Conference of the Automotive Public Relations Council (APRC), which will be held Thursday, April 10, at the Crowne Plaza in Romulus, Mich. The event is co-sponsored ... Continue reading
Decoma International Inc. Announces Cdn$100 Million Convertible Debenture Offering
CONCORD, Ontario--March 6, 2003--Decoma International Inc. ("Decoma") (TSX:DEC.A) announced today that it has entered into a bought deal agreement to issue and sell CDN$100 million aggregate principal amount of 6.50% convertible unsecured subordinated debentures due March 31, 2010. The net proceeds of the offering will ... Continue reading
DuPont Technology to Receive U.S. EPA's Clean Air Excellence Award
Innovative SuperSolids(TM) Coatings Technology Reduces Emissions by More Than 25 Percent for Automotive Finishes WILMINGTON, Del., and DETROIT, March 6 -- The revolutionary science behind DuPont(TM) SuperSolids(TM) ultra-low emissions coatings technology has earned the United States Environmental Protection Agency's (U ... Continue reading
Foamex Names Henry Tang to Board of Directors
LINWOOD, Pa.--March 6, 2003--Foamex International Inc. , the leading manufacturer of flexible polyurethane and advanced polymer foam products in North America, announced today that Henry Tang has been named to the Foamex Board of Directors. Marshall S. Cogan, chairman and founder of Foamex, said, "We are very pleased t ... Continue reading
INTERMET Introduces New Ferrous Material at 2003 SAE World Congress
Technical paper one of three presented by INTERMET at annual Congress TROY, Mich., March 6 -- In a groundbreaking study presented at the 2003 SAE World Congress in Detroit, INTERMET Corporation unveiled a new ferrous metal that allows for the production of high-strength, safety-critical iron automotive cast components ... Continue reading
Prolong International Names Richard Solomon, Successful Entrepreneur, To Board of Directors
IRVINE, Calif., March 6 -- Prolong International Corporation (AMEX:PRL) , ( http://www.prolong.com/ ), a technology driven consumer products holding company and parent of Prolong Super Lubricants, Inc., manufacturer and marketer of patented consumer automotive, commercial/industrial and household products, announced to ... Continue reading
RVData.com Drives Inventory to Classified Websites
Innovative Online Database Rolls Out Service to Recreational Vehicle Dealers FORT MYERS, Fla., March 6 -- RVData, Inc., an online database providing of inventory services to recreational dealers by delivering detailed descriptions and photos of motorized and towable campers to classified websites, today announced the g ... Continue reading
Sauer-Danfoss Inc. Announces First Quarter Dividend Of $0.07 Per Share
CHICAGO, March 6 -- Sauer-Danfoss Inc. today announced that its board of directors has declared a cash dividend of $0.07 per share for the first quarter ended March 30, 2003. The dividend is payable on April 15, 2003, to stockholders of record as of March 28, 2003. Sauer-Danfoss Inc. is a worldwide leader in the design ... Continue reading
Timken Bearings Selected for 2003 Lola Champ Cars
CANTON, Ohio, March 6 -- When Lola Champ cars take the track for the 2003 CART season, the wheel ends will be equipped with Timken(R) tapered roller bearings. Lola Cars International Ltd. specified Timken bearings as part of the highly successful chassis they produce for the Champ Car World Series. "It takes constant i ... Continue reading
DETROIT, March 6 -- The automotive industry is well on its way to combining passive and active safety systems, thanks to companies such as TRW Automotive. By the end of this decade, these integrated safety and driver-assist technologies will begin to drive dramatic improvements in vehicle safety, comfort and convenienc ... Continue reading
* Received Commitments for $350 Million in Additional Term Loans * Calling $284 Million in 10.25% Senior Subordinated Notes and $91 Million in 12.875% Discount Debentures ROANOKE, Va., March 6 -- Advance Auto Parts, Inc. announced today it has received commitments for an additional $350 million in bank debt through an ... Continue reading
Indiana AK Steel Workers Join UAW
DETROIT, March 6 -- By a margin of 118-88, workers at AK Steel's finished rolled steel plant in Rockport, Indiana have voted to the join the UAW. The vote took place on February 25 and was certified by the National Labor Relations Board (NLRB) on March 5. In September 2002, a majority of the more than 450 workers at th ... Continue reading
LIVERMORE, Calif.--March 6, 2003--Researchers at the Department of Energy's Sandia National Laboratories in Livermore, Calif., have developed a new class of composite anode materials composed of silicon and graphite that may double the energy storage capacities currently possessed by graphite anodes, potentially leadin ... Continue reading
National RV Holdings, Inc. Schedules Q402 Earnings Announcement
PERRIS, Calif., March 6 -- National R.V. Holdings, Inc. today announced it will host a conference call regarding its 2002 fourth-quarter and year end results on Tuesday, March 11, at 2 p.m. EST. The Perris, Calif.-based manufacturer of Class "A" motorhomes and travel trailers will disclose its fourth-quarter results pr ... Continue reading
Nautilus Group Introduces Revolutionary New TreadClimber Fitness Product
VANCOUVER, Wash.--March 6, 2003-- Three-in-One Cardiovascular Product Combines Treadmill, Elliptical and Stair-Climber Features For Superior Fat and Calorie-Burning Fitness Option The Nautilus Group, Inc. , a leading marketer, developer and manufacturer of name-brand health and fitness products, announced today the lau ... Continue reading
NextEnergy Receives $2M in Federal Funds For Hydrogen-Fuel Cell Development
COO Credits Kilpatrick and Knollenberg for Funds from Omnibus Appropriations Bill DETROIT, March 6 -- NextEnergy, Michigan's alternative energy research, development and education program received a $2 million earmark in the Fiscal Year 2003 Energy and Water appropriations bill signed by President Bush last month. Next ... Continue reading
Standard Motor Products, Inc. Announces Fourth Quarter and Full Year 2002 Results
NEW YORK--March 6, 2003--Standard Motor Products, Inc. , an automotive replacement parts manufacturer and distributor, reported today its financial results for the three months ended December 31, 2002, and the full year 2002. Net sales for the fourth quarter of 2002 were $107.9 million, approximately 12% higher than ne ... Continue reading
Dieter Zetsche Prescribes Equation of Passion for the Product and Science of Engineering as Keys to Success DETROIT, March 6 -- Dieter Zetsche, President and Chief Executive Officer of the Chrysler Group, today paid homage to the legendary "car guys" of years past, such as Walter P. Chrysler, Gottleib Daimler and Soich ... Continue reading
REMINDER/Seattle Roadster Show Ready to Cruise into the Emerald City
SEATTLE--March 7, 2003-- Two Generations of Car Enthusiasts Share Passion for Driving; Come Together to Display Best Northwest Rods & Imports The Seattle Roadster Show will bring the latest custom and classic vehicles to hot rod enthusiasts Friday, March 7 - Sunday, March 9, 2003, at the Seahawk Exhibition Center in Se ... Continue reading
Amerigon to Present at Roth Capital Partners Growth Stock Conference in Dana Point, California
DEARBORN, Mich., March 7 -- Amerigon Incorporated announced today that it is scheduled to make an investor presentation at the 15th Annual Roth Capital Partners Growth Stock Conference on Monday, March 17, 2003 at 4:30 p.m. Pacific Time. The conference to be held March 16-18, 2003 at the St. Regis Monarch Beach Resort ... Continue reading
LINCOLN, Ala., March 7 -- More than 4,000 Talladega area students got a first-hand look at ASIMO, the world's most advanced humanoid robot Friday, during the "Say Hello to ASIMO" North American Educational Tour at the International Motorsports Hall of Fame in Talladega. This is the only Alabama stop in ASIMO's year-lon ... Continue reading
Rudy A. Schlais, Jr. Joins Board of Superior Industries
VAN NUYS, Calif.--March 7, 2003--Superior Industries International, Inc. announced today that Rudolph (Rudy) A. Schlais, Jr. has been elected to its Board of Directors. Schlais becomes the ninth Director and the sixth outside member of the Company's Board. Schlais was Group Vice President of General Motors Corporation ... Continue reading
Sika Automotive Appoints Geib and Burchett to Launch Team at Grandview, Missouri Facility
MADISON HEIGHTS, Mich., March 7 -- Sika Automotive has announced the appointment of Larry Geib to the position of Launch Manager and Denton Burchett as Tooling Group Leader for the Launch Department at Sika Automotive's Grandview, Missouri facility. Jerry Fitzgerald, Vice President of Applications Engineering, made the ... Continue reading
TriMas Corporation Schedules Fourth Quarter 2002 Earnings Teleconference Date for Tuesday, March 11
BLOOMFIELD HILLS, Mich., March 7 -- TriMas Corporation has rescheduled its conference call with investors to Tuesday, March 11 at 3:30 p.m. Eastern. The company will discuss its fourth quarter and year-end results, provide a general business update and respond to investor questions. TriMas Corporation President and CEO ... Continue reading
New Technology Lowers Steel Cost 10% for Automotive Stampers
EVANSTON, Ill.--March 7, 2003--Evanston based IRMCO www.irmco.com has developed a high performance metal coating technology that gives lower grade steel, aluminum, galvenealed, and galvanized metal the formability of higher grades. This breakthrough allows metal users to lower their metal cost without scarifying qualit ... Continue reading
SHREVEPORT, La.--March 7, 2003--StockPickReport.Com (IARD#119079 - http://www.stockpickreport.com/?src=bw) makes these short-term stock recommendations: Brocade Communications Systems - BUY - http://pr.stockpickreport.com/BRCD.htm The Gap - SELL - http://pr.stockpickreport.com/GPS.htm General Motors - SELL - http://pr. ... Continue reading
Auto Insurance Rates Increased by More Than 10% in 2002
Consumers Paying as Much as $150 More for Six-Month Policies SACRAMENTO, Calif., March 6 -- InsWeb Corp. , one of the largest producers of automobile insurance in the U.S., today announced the updated results for its Auto Insurance Index based on fourth quarter 2002 data. The Index is designed to identify and track gen ... Continue reading
D'Arcy Detroit to Unveil New Name, Business Model On March 11
A multi-disciplinary agency focused exclusively on General Motors business WHO: Patrick J. Sherwood, chief executive officer Gary Topolewski, chief creative officer D. Stanley Fields III, chief operating officer Mike Bentley, director, account planning WHAT: The Publicis Groupe launches a new organization dedicated to ... Continue reading
2003.5 MAZDASPEED Protege to Hit Dealerships in April
- Exterior and Interior Upgrades Improve Car's Appeal - IRVINE, Calif., March 6 -- Mazda North American Operations (MNAO) today announced product information and pricing for the new and improved 2003.5 MAZDASPEED Protege. Updated exterior and interior components highlight the new model, giving it an edgier look to go w ... Continue reading
CarMax Reports Record Fourth Quarter and Fiscal 2003 Sales
RICHMOND, Va., March 6 -- CarMax, Inc. today reported record sales for the fourth quarter and fiscal year ended February 28, 2003. * For the quarter, total sales rose 11 percent to $946.5 million from $855.1 million in the fourth quarter last year. * For the year, total sales rose 12 percent to $3.97 billion from $3.53 ... Continue reading
NASCAR Driver Kyle Petty and Victory Motorcycles Kick Off Charity Fundraiser At Daytona Bike Week
Victory Motorcycles to Donate One Dollar for Every Victory Test Drive; Petty Challenges 50,000 People to Take a Test Drive DAYTONA BEACH, Fla., March 6 -- Kyle Petty, known for racing around NASCAR tracks at high speeds for big bucks, took a much shorter, but equally exciting ride today -- for $1. Victory Motorcycles t ... Continue reading
Budget Rent A Car to McCann New York
PARSIPPANY, N.J., March 7 -- Budget Rent A Car, one of the world's top three car and truck rental systems, has awarded its advertising account to McCann-Erickson New York, it was announced today. Billings are not being released, nor are the participants in the review for the business. Cendant Corporation , which owns b ... Continue reading
LA Auto Club: Price Records Falling Like Dominoes After 10 Weeks of Hikes
LOS ANGELES--March 7, 2003--Gasoline price records fell like dominoes throughout Southern California last week as motorists endured the 10th consecutive week of higher prices, according to the Weekend Gas Watch compiled by the Automobile Club of Southern California. During the past week, new price records were set for ... Continue reading
AAA Texas: Gas Prices Find Their Levels Very Close to Record Price
HOUSTON--March 7, 2003--Gasoline prices remained relatively stable last week with regional prices either rising or falling by less than a penny per gallon, according to the Weekend Gas Watch, compiled by AAA Texas. The relative price stability comes less than a month after some Texas regions experienced record high pri ... Continue reading
Federal-Mogul Files Plan of Reorganization in Chapter 11 Case
SOUTHFIELD, Mich., March 7 -- Federal-Mogul Corporation (BULLETIN BOARD: FDMLQ) has filed a Plan of Reorganization with the U.S. Bankruptcy Court in Delaware in its Chapter 11 reorganization case. The filing represents a critical step forward in the company's effort to resolve its asbestos liabilities, de-leverage its ... Continue reading
2003 'Spring Break Tuner' Bash Presented by Chevrolet, March 21-22, Hottest Ticket in Daytona Beach
LOS ANGELES, March 7 -- PRIMEDIA's Super Street and eurotuner Magazines, announce the 3rd annual "Spring Break Tuner Bash" presented by Chevrolet, March 21 & 22 in Daytona Beach, FL. Once again, this free event which includes a car show and interactive exhibits, will be held at The Plaza Resort & Spa (600 N. Atlantic B ... Continue reading
Ready for Takeoff; Jeff Gordon's DuPont Chevrolet Takes Flight With the Wright Brothers
HAMPTON, Ga., March 7 -- Four-time NASCAR(R) Winston Cup Champion Jeff Gordon unveiled a special paint scheme for the No. 24 DuPont Chevrolet Monte Carlo today honoring the Wright Brothers' spirit of innovation and the birth of the aviation and aerospace industries. DuPont Aviation Finishes, Hendrick Motorsports and Ac ... Continue reading
Ducati Announces New Head of Communications
BOLOGNA, Italy, March 7 -- Ducati Motor Holding S.p.A. , a leading manufacturer of high performance motorcycles, announced a new structure in the communication area of Ducati Motor Holding S.p.A. Today Francesco Rapisarda has been appointed Head of Communications of Ducati Motor Holding. Having arrived in Ducati Corse ... Continue reading
AutoWeek Magazine Announces 2003 Editors' Choice Awards From The Geneva International Motor Show
*Audi, Pininfarina, Bertone and Lamborghini Top This Year's Awards* DETROIT, March 7 -- AutoWeek has announced its 2003 Editors' Choice Awards from the Geneva International Motor Show, which each year inaugurates the European auto show season. For more than a decade, the AutoWeek Editors' Choice Awards have recognized ... Continue reading
March GoldStar Lease Award Winners
CAMPBELL, Calif., March 7 -- Each month, carmakers entice consumers with attractive new car lease rates. And each month IntelliChoice, a PRIMEDIA company that develops and distributes consumer automobile pricing, specifications, and ownership and leasing cost data, recognizes manufacturer leases with the lowest rates a ... Continue reading
Ward's Reports Estimated North American Vehicle Production
SOUTHFIELD, Mich., March 7 -- Vehicle production this week in the U.S., Canada and Mexico is expected to hit an estimated 336,627 units, down from the 342,413 cars and trucks built last week, according to Ward's Automotive Reports. Including this week's estimates, calendar year North American output now totals 3,144,22 ... Continue reading
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