Video Interview with Mercedes-Benz Motorsports Chief Norbert Haug - Can Ferrari Be Beaten?
http://www-video.daimlerchrysler.com/dctv/videos/2 0030306_e.ram CLICK4VIDEO The Formula 1 kicks off the 2003 Season. This Sunday it opens with the traditional Australian Grand Prix in Melbourne. What are the chances for the Silver Arrows? Can Ferrari be beaten? What can fans expect from the season? Mercedes-Benz Motor ... Continue reading
Mercedes-Benz S600 Armored Vehicles
http://www-video.daimlerchrysler.com/dctv/videos/2 0030324_e.ram CLICK4Video (2:35) The Russian President Vladimir Putin has one, Pope John Paul II uses one. It is Mercedes-Benz Guard special protection vehicles. Also the head of the Russian Orthodox Church Alexij II has received one. ... Continue reading
<a href="http://www-video.daimlerchrysler.com/dctv/videos /20030321_e.ram">CLICK4Video 1911 Kässbohrer Bus</a>(2:38) When carriages were fitted with engines the automobile was born. As more and more people appreciated motor travel the omnibus was created. Setra has now exhibited a gem from that time. The first so-call ... Continue reading
Michelin Challenge Design Seeks Entries for 2004
Designers from around the globe participate in design challenge to meet the emerging needs of the Chinese Market DETROIT, March 27 -- Calling all transportation designers, April 15, 2003 is the deadline to submit applications for the next Michelin(R) Challenge Design(TM) event. Selected designs will be considered for d ... Continue reading
GM Still Sees 2003 Sales Hitting Mark
DETROIT Sharon Silke Carty writing for Dow Jones reported that General Motors Corp. sees 2003 auto sales coming in line with expectations, not withstanding a protracted war in Iraq, said Paul Ballew, executive director of market and industry analysis. Speaking in New York at the GM/GMAC Global Relationship Bank Confere ... Continue reading
Hometown Auto Retailers Reports 2002 Annual Results
WATERTOWN, Conn.--March 27, 2003--Hometown Auto Retailers Inc. (OTC BB: HCAR) today announced audited financial results for the year ended Dec. 31, 2002. Hometown reported revenues of $269.7 million in 2002 versus revenues of $275.8 million in 2001, a decrease of 2.2 percent. Gross profit was $38.7 million for 2002, ve ... Continue reading
HONG KONG, March 27 -- Further to the announcement made by the Company dated 14 March 2003, the Board is pleased to announce that SJAI, an indirect 81%-owned subsidiary of the Company, has on 27 March 2003 entered into the JV Contract with BMW in relation to the establishment of the Joint Venture in the PRC. The regist ... Continue reading
Land Rover G4 Challenge Starts Global Adventure in New York On Sunday, March 30
Spirit of International Cooperation Embodied in New Event That Features Competitors Representing 16 Countries NEW YORK, March 27 -- The inaugural Land Rover G4 Challenge adventure competition will get underway on Sunday, March 30th with an extraordinary urban challenge in Manhattan. Sixteen adventure athletes -- 14 men ... Continue reading
AAA Chicago Honors School Safety Patrollers of the Year
AURORA, Ill., March 27 -- AAA Chicago and the Chicago Bulls teamed up to honor AAA School Safety Patrollers at the Saturday, March 22 game with the New York Knicks. Eight safety patrollers from Illinois schools were recognized at the pre-game ceremony, along with their families and sponsors. An honor of the highest reg ... Continue reading
Car Review: 2003 Mazda Protege5
DRIVING DOWN THE ROAD WITH CAREY RUSS Your emotions yearn for a sports car. Reality says you need space for four and/or lots of stuff, more space than is even found in a small, sporty sedan. A small crossover or SUV isn't in the picture - your enthusiasm is for driving. Oh yes, and you are on a budget - it would be nic ... Continue reading
Latest Production Cars; Dozens of 2004 Models Storm the New York Auto Show
NEW YORK, March 27 -- New York is the place to be this spring as automakers transform the Javits Center into an oasis of style, innovation, power, and performance with the largest collection of new vehicles. On display will be nearly 1,000 cars, trucks, minivans, SUVs and crossover vehicles ranging from just under $10, ... Continue reading
Infineon Strengthens Foothold in China, Expands Foundry Agreement with SMIC
MUNICH, Germany & SHANGHAI, China--March 27, 2003--Infineon Technologies AG(FSE/NYSE: IFX) is further executing on its sustained commitment to the Chinese market. Infineon and Semiconductor Manufacturing International Corporation (SMIC), Shanghai, China, today announced that they have signed an agreement to expand thei ... Continue reading
Tarmac Ready Mix to Install Trimble Telvisant Fleet Management Solution
SUNNYVALE, Calif., March 27 -- Trimble announced today that Tarmac, one of the largest ready mix concrete producers in Florida, will outfit 350 trucks with the Trimble Telvisant(TM) Fleet Management System to improve fleet utilization. Financial terms were not disclosed. After conducting a pilot evaluation and realizin ... Continue reading
U.S.-based telematics firm, ATX, establishes European subsidiary
Dallas and Fort Worth, Texas, March 27 -- ATX, the leading independent telematics service provider to the automotive industry, announced today its Board of Directors approved the creation of a European subsidiary. Steve Millstein, ATX president and chief executive officer, said the establishment of ATX Europe, GmbH, re ... Continue reading
Patriot Motorcycles Corp. Hires CART Broadcasting Legend as Director of Production
RIVERSIDE, Calif., March 27 -- Michael Shannon, CEO of Patriot Motorcycles Corp. (BULLETIN BOARD: PMCY) , announced today the hiring of Don Helms as the Director of Production for Steel Dreams Productions, a wholly owned division of Patriot Motorcycles Corp. Shannon stated, "We are extremely pleased to have someone wit ... Continue reading
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Ford Realigns 2 Top VP Positions In Product Development
DETROIT March 26, 2003; Dow Jones reported that Ford Motor Co. is realigning two vice president positions in its product development department in an attempt to strengthen the development process. Phil Martens, currently vice president of vehicle-product development and engineering, will add duties related to North Ame ... Continue reading
Toyota Canada brings the future to Vancouver's Auto Show
VANCOUVER, March 26, 2003; Toyota Canada Inc. (TCI) today announced that visitors to the Pacific International Auto & Light Truck Show, which opens Friday, March 28, will see an exciting range of new products recently introduced for the 2004 Toyota and Lexus lineups. Highlights on the Toyota stand include the innovativ ... Continue reading
TOKYO, March 27, 2003; Reuters reported that Japan's domestic automobile production rose 0.6 percent in February from a year earlier to 902,261 vehicles, the Japan Automobile Manufacturers Association (JAMA) said on Thursday. The rise was the eighth consecutive year-on-year gain and follows a 9.1 percent increase in Ja ... Continue reading
GenCorp Announces Joint Venture Plans With Panattoni Development Company
SACRAMENTO, Calif., March 26 -- GenCorp Inc. announced today that GenCorp's real estate operation has completed a Memorandum of Understanding to enter into a joint venture with Panattoni Development Company (PDC). The initial project expected to be undertaken by the venture is Class A office development of about 300,00 ... Continue reading
Amcast Reports Fiscal 2003 Second Quarter Results
DAYTON, Ohio--March 26, 2003--Amcast Industrial Corporation, today reported financial results for its fiscal 2003 second quarter ended March 2, 2003. Amcast announced on March 17, 2003 that it sold Speedline, its European wheel business, to a third party. Excluding Speedline, second quarter sales were $99.1 million, up ... Continue reading
AMERCO Accepts Proposal for $865.75 Million Four-Year, Senior Secured Credit Facility
RENO, Nev., March 26 -- AMERCO , the parent company of U-Haul, today announced that it has accepted a proposal for a new four-year, senior secured credit facility that would allow the Company to borrow up to $865,750,000. If completed, the funds from the transaction would be used to refinance certain of the company's e ... Continue reading
CECO Environmental Announces $5,725,000 in New Contracts
NEW YORK, March 26 -- CECO Environmental Corp. , CECO Environmental Corp. announced today that it has been awarded four significant new contracts. The first, with a value of approximately $2.75 million, is for the design, fabrication, and installation of a complete ventilation and pollution control system which will en ... Continue reading
Delphi Receives Toyota Recognition for Quality and Delivery
TROY, Mich., March 26 -- Delphi Corp. was recognized for meeting Toyota Motor Manufacturing North America's (TMMNA) quality and delivery standards at the 2003 TMMNA Annual Business Meeting & Awards Ceremony in Covington, Ky. TMMNA presented Delphi with two awards and two certificates for meeting its targets in quality ... Continue reading
Fleetwood Announces Amendments to Credit Agreements; Increases Credit Line by $20 Million
RIVERSIDE, Calif., March 26 -- Fleetwood Enterprises, Inc. , the nation's leader in recreational vehicle sales and a leading producer and retailer of manufactured housing, announced today that the lenders in its syndicated revolving line of credit have agreed to restate the financial covenant relating to earnings befor ... Continue reading
GenCorp Reports 1st Quarter 2003 Results
SACRAMENTO, Calif., March 26 -- GenCorp Inc. today reported net income for the first quarter of 2003 of $3 million ($0.07 per diluted share) unchanged from the first quarter of 2002. Sales for the quarter increased to $271 million from $249 million in the prior year reflecting increases at both its Aerospace and Defens ... Continue reading
TROY, Mich. & PORTLAND, Ore.--March 26, 2003-- ProSight, Inc. and the pci group Help Maximize Use of Capital Assets, Resources, and Pipeline to Deliver Greatest Return to Organization The pci group, a leader in implementing proven business and program management solutions, and ProSight, Inc., the experts in portfolio m ... Continue reading
Mississippi State University Selects Delmia Corp. as Academic Partner for Automotive Manufacturing
AUBURN HILLS, Mich.--March 26, 2003-- The Center for Advanced Vehicular Systems aims to dramatically reduce vehicle development time Delmia Corp., a Dassault Systemes company , today announced the creation of an educational partnership with Mississippi State University (Starkville, Miss.) through which it will provide ... Continue reading
Sebring World Challenge TV Reminder
NEWS FROM BMW OF NORTH AMERICA, LLC Contact: Judy Stropus, 203-438-0501 REMINDER: TELEVISION BROADCAST ALERT Speed Channel 2003 SCCA Pro Racing SPEED World Challenge Championships RACE DATE: Race 1 of the Speed World Challenge Championship Series Sebring International Raceway Sebring, Fla. Friday, March 14, 2003 AIR DA ... Continue reading
SLP Engineering Hosts Automotive Media Ride-and-Drive
What: SLP Engineering Hosts Automotive Media Ride-and-Drive Where/When: Hyatt Hotel; Kissimmee, Florida Friday, March 28, 2003, 8:00 a.m. to 1:00 p.m. Who and Why: Media are invited to join SLP and confirmed guests from General Motors and Ford, for SLP's debut of its two, newest high performance products: Ranger Thunde ... Continue reading
Spartan Motors Announces Plan for Regular Biannual Cash Dividend
Plan to Pay Regular Cash Dividend Plan Builds on 14 Consecutive Years of Special Dividends CHARLOTTE, Mich., March 26 -- Spartan Motors, Inc. today announced its board of directors has finalized its plans to pay a regular cash dividend, which will be distributed twice yearly, on shares of the Company's common stock. Th ... Continue reading
TBC Corporation Signs Definitive Agreement to Acquire Merchant's, Incorporated
* Strengthens TBC's Position as Largest Independent Tire Retailer * Adds 112 Retail Tire Stores; Increases TBC's Store Count to more than 880 * Enhances Purchasing, Distribution, and Marketing Leverage * TBC Secures New Senior Credit Facility and Additional Long-Term Capital MEMPHIS, Tenn., March 26 -- TBC Corporation ... Continue reading
TravelCenters of America Files Annual Report on Form 10-K
WESTLAKE, Ohio--March 26, 2003--TravelCenters of America (TA) announced today that it has filed with the U.S. Securities and Exchange Commission its Annual Report on Form 10-K for the year ended December 31, 2002. The Company is planning to hold a conference call for interested investors and creditors on Thursday, Apri ... Continue reading
Valeo's Total Investment in Poland Exceeds 100 Million Euros; New Facility Planned
PARIS, March 26 -- Valeo (OTC: VLEEY ; RICS: VLOF.PA ; Bloomberg: FR@FP) today announced its commitment to strengthening its manufacturing presence in low cost countries close to customers with another new facility planned in Poland. The new lighting systems manufacturing plant is the most recent production plant in th ... Continue reading
BEDFORD, Texas--March 26, 2003--Warrantech Corporation (OTCBB:WTEC), a leading independent provider of service contracts and after-market warranties, has promoted James Burton (Burt) Shaw II to president of the company's Consumer Products Division. Shaw, 46, joined Warrantech in December 2002 as an executive vice presi ... Continue reading
Experian Automotive and The First American Corporation Launch AutoCheck w/ TitleGuard
Most Comprehensive Vehicle History and Title Insurance Solution Offered Direct To Consumers SCHAUMBURG, Ill., and SANTA ANA, Calif., March 26 -- Experian Automotive, an industry-leading automotive information provider, and The First American Corporation , the nation's leading diversified provider of business informatio ... Continue reading
Forest City Technologies Celebrates 20th Anniversary As Henkel Loctite Authorized Process Center
ROCKY HILL, Conn., March 26 -- Forest City Technologies of Wellington, Ohio, is celebrating its 20th anniversary as a Henkel Loctite authorized process center. The company coats threaded fasteners with pre- applied Loctite(R) threadlockers and thread sealants and applies cured-in- place gasketing materials to automotiv ... Continue reading
Princeton (EEUU), March 26 -- Exide Technologies (OTC BB: EXDTQ; http://www.exide.com/), líder global en soluciones para el almacenamiento de energía eléctrica, ha recibido el premio Alliance Prize que su cliente IVECO concede a los mejores proveedores. IVECO, empresa del grupo Fiat con sede en Amsterdam, es uno de ... Continue reading
IVECO Honors Exide Technologies With the Alliance Prize; Also Extends Supply Agreement through 2005
PRINCETON, N.J., March 26 -- Exide Technologies (BULLETIN BOARD: EXDTQ) (www.exide.com ), a global leader in stored electrical energy solutions, recently was honored by long- time customer IVECO as a recipient of the Alliance Prize supplier award. Amsterdam-based IVECO, a Fiat Group company, is one of Europe's leading ... Continue reading
J.L. French Automotive Castings, Inc., Announces Fourth-Quarter and Year-End Results
MINNEAPOLIS--March 26, 2003--J.L. French Automotive Castings, Inc., today announced fourth quarter revenues of $136.7 million, an increase of $15.7 million, or 13.0 percent, over the $121.0 million reported in the same period last year. Earnings before interest, taxes, depreciation and amortization (EBITDA), a fourth q ... Continue reading
Kelley Blue Book Provides Most Accurate Vehicle Values for Tax Filing
Assigning an Average Price of a Similar Vehicle to Your Car Could Result in an Audit IRVINE, Calif., March 26 -- Every vehicle is different and there is no one price or value for that vehicle. Only Kelley Blue Book ( www.kbb.com ) offers consumers the easiest and most accurate way to determine your exact vehicle's valu ... Continue reading
Matco Tools Charity Golf Tourno in E'town
DON SCHUMACHER RACING NHRA POWERade Drag Racing Series Contact: Judy Stropus, 203-438-0501 MATCO TOOLS TO HOST CHARITY GOLF TOURNAMENT IN ENGLISHTOWN In conjunction with the NHRA Matco Tools SuperNationals, held at Old Bridge Township Raceway Park in Englishtown, N.J., on May 16-18, 2003, Matco Tools will host the Matc ... Continue reading
AUBURN HILLS, Mich., March 26 -- As part of its commitment to enhance convenience for its members, Motor Parts Federal Credit Union (MPFCU) announced today that it has partnered with Credit Union Family Service Centers to provide customers with 21 additional branch locations in Michigan and more than 900 others nationw ... Continue reading
Oshkosh Truck Advised FMTV Contract Announcement Delayed
OSHKOSH, Wis.--March 26, 2003--Oshkosh Truck Corporation has been advised by the U.S. Army Tank Automotive and Armaments Command today that the award announcement on the Family of Medium Tactical Vehicles (FMTV) A1 Competitive Rebuy program has been delayed for several weeks. The announcement had been expected in late ... Continue reading
Unique Strategy Stretches Budget by Offering TV-Quality Ads Online LONG BEACH, March 26 -- In a departure from its traditional product-oriented advertising, Pioneer Electronics (USA) Inc. today announced a new integrated print and online campaign that speaks to the Gen Y target consumer in his own language. Full of att ... Continue reading
Racing Champions Ertl Expands Board
GLEN ELLYN, Ill.--March 26, 2003--Racing Champions Ertl Corporation today announced that Richard E. Rothkopf and Thomas M. Collinger have joined the Company's Board of Directors, expanding its size to eleven directors from nine. Both Mr. Rothkopf and Mr. Collinger served on the board of directors of Learning Curve Inte ... Continue reading
Reko Announces Completion Of Superior Plastic And Excel Decorating Acquisition
WINDSOR, Ontario--March 26, 2003--Reko International Group Inc. (TSX:REK) is pleased to announce that the acquisition of Superior Plastic Inc. and Excel Decorating and Finishing Inc., noted in Reko's second quarter financial statements, closed on March 25, 2003. Reko has been in effective control since March 1, 2003. G ... Continue reading
SensArray Infrared Awarded SBIR Phase II Contract
BURLINGTON, Mass.--March 26, 2003--SensArray Infrared Corp. announced today it has been awarded a $750,000 SBIR Phase II contract for a cost effective growth process for a new low phonon energy, room temperature host material for mid infrared lasers. The new process will substantially reduce the manufacturing and packa ... Continue reading
SensArray Infrared Receives New Round of Financing
BURLINGTON, Mass.--March 26, 2003--SensArray Infrared Corp. announced today it has completed a new equity investment from Digital Power Capital LLC of Greenwich, Connecticut. "SensArray Infrared, a manufacturer of mostly commercial lead salt (lead sulfide and lead selenide) infrared imaging products and host materials ... Continue reading
Six North American Suppliers Win Toyota's Top Awards
Suppliers Recognized for Contribution to Successful Launch of New Corolla and Supplier Diversity Initiatives COVINGTON, Ky., March 26 -- At Toyota Motor Manufacturing North America's (TMMNA's) Annual Supplier Business Meeting and Awards Ceremony, six of Toyota's North American suppliers were awarded Superior Awards, th ... Continue reading
AAA Waives Fees for Airline Rescheduling
MINNEAPOLIS, March 26 -- AAA Minnesota/Iowa announces it will waive exchange-transaction fees for customers who want to change air travel plans booked through AAA Travel, providing the air carrier on which the trip was booked is waiving its exchange-transaction fees. Because of concern about possible problems related t ... Continue reading
FARO Technologies Reports Fourth Quarter And Full Year 2002 Results
Profit Surges 185% in the Quarter; Sales Increase 28% in the Year LAKE MARY, Fla., March 26 -- FARO Technologies, Inc. today reported a 185% surge in fourth quarter earnings, fueled by increases in sales and operating margin. Fourth Quarter 2002 Summary Net income was $1.6 million, or 13 cents per share, in the quarter ... Continue reading
National Manufacturing Continues in Slump and Assistance is Needed
LOS ANGELES--March 26, 2003--Last week the Federal Reserve reported that in February, manufacturing production dropped by 0.1 percent. This marks "the lowest manufacturing recovery since the Federal Reserve began tracking monthly production back in 1919," stated the National Association of Manufacturers (NAM). Jerry Ja ... Continue reading
ProLogis and New Wave Logistics Expand Global Relationship With Build-To-Suit Agreement in Germany
FRANKFURT, Germany, March 26 -- ProLogis , a leading global provider of distribution facilities and services, announced today that it has signed a build-to-suit agreement for a 171,157 square foot (15,901 m2) distribution facility in Frankfurt, Germany with New Wave Logistics (Deutschland) GmbH, a subsidiary of NYK Log ... Continue reading
Rush Enterprises Inc. Reports Fourth Quarter and Year End Results
SAN ANTONIO--March 26, 2003--Rush Enterprises Inc. , which operates the largest network of Peterbilt heavy-duty truck dealerships in North America, a John Deere construction equipment dealership in Texas, and is presently discontinuing the operations of its farm and ranch superstore (D&D), today announced results for t ... Continue reading
Webcast Alert: Noble International, Ltd. Announces 4th Quarter And Year End Earnings Webcast
DETROIT, March 26 -- Noble International, Ltd. , in conjunction with the release of its operating results for the quarter and year ending December 31, 2002, invites you to listen to its conference call which will be broadcast live over the Internet on Tuesday, April 1, 2003 at 10:00 a.m. Eastern Time with Robert J. Ska ... Continue reading
Edmunds.com Helps Vehicle Donors Survive IRS Audits
SANTA MONICA, Calif., March 26 -- As 2002 tax deadlines loom, Americans should be aware the Internal Revenue Service (IRS) pays close attention to the value placed on donated vehicles. Edmunds.com ( http://www.edmunds.com/ ), the premier online resource for automotive information, offers pricing tools that can help the ... Continue reading
ALEXANDRIA, Va.--March 26, 2003--Henry Ford once said, "You can have a Model-T in any color you want. So long as it's black." For an industry once focused primarily on manufacturers' needs, powder coating is transforming the automotive industry with faster production times and lower operating costs, plus irresistible v ... Continue reading
Nissan Production, Sales and Export Results for February 2003
JapanCorp: <http://www.japancorp.net/?page_num=1> Nissan Production, Sales and Export Results for February 2003 Tokyo, Japan, Mar. 26, 2003 - (JCN Newswire) - Nissan Motor Co., Ltd., today announced production, sales and export figures for February. Nissan's domestic production, overseas production, domestic sales and ... Continue reading
Ford GT Gets Industry-First Fuel-Tank System Designed by TI Automotive
WARREN, Mich., March 26 -- The new 2005-model Ford GT will be equipped with a first-of-its-kind fuel-tank system developed to meet the world's most stringent evaporative emissions requirements. Designed by TI Automotive, the world's leading supplier of automotive fuel-storage and delivery systems, the unique system inc ... Continue reading
Delphi Board Declares Quarterly Dividend
TROY, Mich., March 26 -- The Delphi Board of Directors today declared a quarterly dividend of $0.07 per share on Delphi $0.01 par value common stock. The dividend is payable May 5, 2003, to shareholders of record as of the close of business April 7, 2003. ... Continue reading
Universal Automotive Reports Record Earnings for 2002
ALSIP, Ill., March 26 -- Universal Automotive today announced its financial results for the quarter and fiscal year ended December 31, 2002. Revenues for the quarter ended December 31, 2002 were $14,641,000, a 17% decrease over revenues of $17,635,000 for the quarter ended December 31, 2001. The sales decrease over the ... Continue reading
UAW President Ron Gettelfinger to Address Detroit Economic Club, March 31
Gettelfinger to be first UAW president to address club in more than a decade DETROIT, March 26 -- The Detroit Economic Club (DEC) announces Ron Gettelfinger, UAW President, will speak at its Monday, March 31st meeting. Gettelfinger, in his first year as president will be facing one of his biggest challenges when negoti ... Continue reading
Key battery technology improvements, reduced component costs can make electric drive vehicles cost-effective even at lower production volumes PALO ALTO, Calif., March 26 -- According to a new research study from the Electric Power Research Institute (EPRI), a combination of greatly improved battery life and projected c ... Continue reading
Autoline Detroit Broadcasts Its 250th Show
DETROIT, March 26 -- Autoline Detroit, the auto industry's only weekly television news program in North America, celebrates its 250th program this month. The show's March 30 broadcast marks the Autoline Detroit's seventh season covering all aspects of the automotive industry. The program has aired on WTVS, Channel 56 - ... Continue reading
Long Anticipated Lexus RX 330 Goes on Sale
TORRANCE, Calif., March 26 -- Lexus raises the bar once again as the all-new 2004 RX 330 luxury utility vehicle goes on sale today. The RX 330 provides more of what made the award-winning RX 300 successful and adds some new twists of its own. "The original RX 300 became the template for a new kind of luxury vehicle, on ... Continue reading
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