DETROIT March 21, 2003; Dow Jones reported that General Motors Corp. is recalling about 51,000 model-year 2003 Cadillac CTS vehicles to inspect the steering shaft for a loose bolt. In a press release Friday, the automaker said it is aware of two incidents where customers lost steering control because of the problem, bu ... Continue reading
DuPont Automotive Appoints Top Coatings Leadership
TROY, Mich., March 21 -- DuPont Automotive today announced it is appointing two executives to key leadership positions in its DuPont Herberts Automotive Systems unit for automotive OEM coatings, effective April 1. Marty M. McQuade, 49, vice president - DuPont Herberts Automotive Systems, will become global vice preside ... Continue reading
Cannondale Completes Auction of Bicycle and Motorsports Divisions
BETHEL, Conn., March 21 -- Cannondale (BIKEQ.PK) today announced the results of yesterday's separate auctions of its bicycle and motorsports divisions. The auctions for the assets of both divisions were conducted under Section 363 of the United States Bankruptcy Code at the Company's Bethel, Connecticut headquarters, p ... Continue reading
PACIFIC COAST MOTORSPORTS WEBSITE GOES LIVE
FOR IMMEDIATE RELEASE PACIFIC COAST MOTORSPORTS WEBSITE GOES LIVE SANTA BARBARA, CALIF. (March 21, 2003) - Pacific Coast Motorsports announced today the official team website (www.pacificcoastmotorsports.com) is now operational. The team website will be the complete source for information on Pacific Coast Motorsports a ... Continue reading
IRVINE, Calif.--March 21, 2003--With 2002 sales up a remarkable 9.4 percent, the U.S. motorcycle market is celebrating 10 consecutive years of rising sales. In 2001, new unit motorcycle sales topped 850,000 in the fourth straight year of double-digit increases. Continued strong demand for two-wheelers beat that mark in ... Continue reading
Pacific Coast Motorsports Practice Notes from Fundidora Park
Friday Practice Notes from Fundidora Park - The 30th anniversary of the CART Toyota Atlantic Championship gets underway at 8:00 a.m. local time, with a 30-minute practice session. - The session began under sunny skies, with comfortable temperatures. - Early in the session the track is quite slick, as it is only used on ... Continue reading
Toyota Announces Slight Increase on Select '03 Models
TORRANCE, Calif., March 21 -- Toyota Motor Sales, U.S.A., Inc., announced a slight price increase today on most of its 2003 Toyota-brand models. The average Manufacturers Suggested Retail Price increase is $72 or 0.3 percent. Prices remain unchanged for the '03 Corolla, Matrix, Prius and 4 Runner, as well as the '04 Si ... Continue reading
Ward's Reports Estimated North American Vehicle Production
SOUTHFIELD, Mich., March 21 -- Vehicle production this week in the U.S., Canada and Mexico is expected to hit an estimated 355,942 units, up from the 344,158 cars and trucks built last week, according to Ward's Automotive Reports. Including this week's estimates, calendar year North American output now totals 3,845,050 ... Continue reading
AAA Offers Advice for Travelers During Wartime
HOUSTON--March 22, 2003--AAA Texas is advising travelers that there are steps they can take to increase their safety preparedness during the Iraqi conflict. "International leisure travel is typically light at this time of year," said George Clarke, vice president and general manager of AAA Texas. "Despite the conflict ... Continue reading
AMA Riders Pleased With Changes at Infineon Raceway
JPEG IMAGE ATTACHED. Image is of Eric Bostrom taking the new Turn 9 corner. Photo by Ian Donald. CONTACT: John Cardinale 707-938-8448, ext. 107 AMA Riders Pleased with Overall Changes to Circuit at Infineon Raceway SONOMA, Calif. ... Continue reading
TRENTON, N.J.--March 20, 2003--The New Jersey State Senate today passed legislation correcting years of politically influenced auto insurance regulations that have eroded the availability of coverage for drivers. Voting 29-4, the Senate approved the New Jersey Automobile Insurance Competition and Choice Act, which aims ... Continue reading
Amerigon Appoints Daniel R. Coker President & Chief Executive Officer
DEARBORN, Mich., March 21 -- Amerigon Incorporated announced today that veteran automotive executive and former Company Vice President, Sales and Marketing, Daniel R. Coker, 50, has been promoted to President and Chief Executive Officer, effective immediately. He replaces Oscar (Bud) Marx, who is stepping down as Chief ... Continue reading
BMW WilliamsF1-Malaysian GP-First Qualifying
Malaysian Grand Prix - FIRST QUALIFYING 21st March 2003 Weather: Dry and sunny, 35°C Air, 47°C Track Sepang (MAL). Today¹s first Qualifying decided that the BMW WilliamsF1 Team drivers Juan Pablo Montoya and Ralf Schumacher will leave the pits for tomorrows final Qualifying as 3rd last and 7th respectively having ac ... Continue reading
AAA Texas: Gas Prices May Have Found Plateau; No Shortage Foreseen
HOUSTON--March 21, 2003--Gasoline prices throughout Texas increased slightly last week, indicating that rising prices may have found a plateau, according to the Weekend Gas Watch, compiled by AAA Texas. Despite concerns about fuel supplies during a period of wartime, AAA assured motorists that there is ample supply to ... Continue reading
Auto Club: Gas Prices on Three-Month Hike; No Shortage Foreseen
LOS ANGELES--March 21, 2003--Gasoline prices continued rising last week for the 12th straight week, with many areas posting new record highs, according to the Weekend Gas Watch, compiled by the Automobile Club of Southern California. With the outbreak of hostilities, the AAA assures motorists that there is ample gasoli ... Continue reading
American Motorcycle Corporation Signs Joint-Venture Agreement with Performance Cycle
WEBSTER, N.Y--March 21, 2003--American Motorcycle Corporation (Pink Sheets:AMCYV) has entered into a joint-venture agreement with Performance Cycle, also of Webster, N.Y. The two companies partnered in a sales expo at the 63rd annual Bike Week celebration held in Daytona Beach, Florida from February 28th to March 9th, ... Continue reading
The 2003 Range Rover Presented With an 'All-Star' Award From Automobile Magazine
IRVINE, Calif., March 21 -- The 2003 Range Rover was named one of Automobile Magazine's "All Stars" in the March issue. The award itself was presented to Sally Eastwood, vice president of Marketing, Land Rover North America by Automobile Executive Editor, Mark Gillies at ceremonies held at the North American headquarte ... Continue reading
Car Buying Interest Surprisingly Stable
DETROIT, March 20 -- StoneAge Corporation Founder and CEO, Mark Campbell, said today that after the initiation of the war with Iraq consumer interest in car buying appears to be surprisingly stable. "Low interest rates, incentives and exciting new product introductions from the car manufacturers all seem to be playing ... Continue reading
Letter from Europe: Ford’s Problems; VolvoXC90; Jeep Wrangler; AMG C32; Porsche Cayenne
by Andrew Frankl European Bureau Chief It is rather ironic that Ford Motor Company should be getting more bad publicity in year 100 than in all the previous 99 put together. Yes, the blue oval will be 100 years old in June, and if some of the pundits can be believed it will be lucky to make it to 110. The silliest prob ... Continue reading
The Mercedes-Benz of Video Games Has Arrived Exclusively on Xbox
WESTLAKE VILLAGE, Calif.--March 20, 2003--TDK Mediactive, Inc. (OTCBB:TDKM) announced today that "World Racing(R)," with its 117 unique race tracks, has shipped to all major retail outlets throughout North America exclusively for the Xbox(TM) video game system from Microsoft. "World Racing" is the first and only video ... Continue reading
Bandag Announces Proposed Sale of Certain TDS Locations to Independent Franchisees
MUSCATINE, Iowa, March 20 -- Bandag, Incorporated announced today that its wholly-owned subsidiary, Tire Distribution Systems, Inc. (TDS) plans to sell a total of 19 stores and nine retread plants to one current independent Bandag franchised dealer and one previous independent Bandag franchised dealer. TDS has previous ... Continue reading
Timken Company Proposes to Close Darlington Plant Within Eight to Twelve Months
CANTON, Ohio, March 20 -- Nearly two years ago, The Timken Company launched a new manufacturing strategy that was designed to create an international network of focused factories that could be competitive in the global marketplace and simultaneously improve service to customers the world over. Since then, in working to ... Continue reading
Dorricott Racing Preview - Monterrey
FOR IMMEDIATE RELEASE Contact: James Hyneman jhyneman@compuserve.com DORRICOTT RACING BEGINS TO DEFEND ITS TOYOTA ATLANTIC TITLE THIS WEEKEND IN MONTERREY, MEXICO BAKERSFIELD, Calif. (March 20, 2003) - Luis Diaz, of Mexico City, is not only a favorite to win the 2003 Toyota Atlantic Championship, he is also the "home c ... Continue reading
Goodyear Comments on Ratings Agencies Announcements
AKRON, Ohio, March 20 -- The Goodyear Tire & Rubber Company said ratings announcements issued today by Standard & Poor's Ratings Services and Moody's Investor Services accurately reflect information about the terms of proposed credit facilities the company provided to the rating agencies, in connection with its ongoing ... Continue reading
TRW Automotive Wins New Safety Systems and Convenience Business From General Motors
LIVONIA, Mich., March 20 -- TRW Automotive, the global leader in automotive safety systems, today announced it has received significant new contracts for active and passive safety and convenience technologies from General Motors Corporation. Safety Systems TRW Automotive has been awarded the seat belt business for the ... Continue reading
Braking, Steering, Occupant Safety Products for N.A. and European Platforms LIVONIA, Mich., March 20 -- TRW Automotive announced today that it will launch production later this year for a number of advanced stability control, electric steering and occupant safety systems for late 2003 and 2004 model year platforms in b ... Continue reading
Yee Ha - CTA Acoustics to Remain in Corbin, Kentucky in Southeast Regional Business Park
CORBIN, Ky.--March 20, 2003-- Decision "Reflects Our Strong Commitment to Our Employees and Community," Says CTA Acoustics Chairman and CEO James Pike James J. Pike, Chairman and Chief Executive Officer of CTA Acoustics, Inc., today announced that the company has selected a site that will enable it to remain in Corbin, ... Continue reading
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