We Think Its About Time - Ohio, California Pension Funds Sue AOL
COLUMBUS, Ohio July 18, 2003: Carrie Spencer writing for the AP reported that Ohio and California sued media conglomerate AOL Time Warner Inc. on Friday to recover hundreds of millions of dollars in investments lost by state public employee pension funds. The lawsuits accuse the company of misleading investors before t ... Continue reading
Nick Scheele Tells Fellow Employees That Ford Plans White Collar Job Cuts
DEARBORN, Mich. July 18, 2003; John Porretto writing for the AP reported that Ford Motor Co. said Friday it plans to cut 10 percent of costs related to its salaried automotive work force by the end of the year. A Ford source said up to 2,000 white-collar jobs could be eliminated. The cost-cutting effort comes as the wo ... Continue reading
Cascade Corporation Business Overview Presentation - Replay Webcast Instructions
PORTLAND, Ore.--July 18, 2003--Cascade Corporation's, , Business Overview presentation was presented live on July 17, 2003 and is now available for web and audio replay on Cascade's website at www.cascorp.com. Select the Investor Relations tab, followed by Overview, and click on the Business Overview link. Or by access ... Continue reading
Insurance Auto Auctions Announces Second Quarter Earnings Conference Call
SCHAUMBURG, Ill., July 18 -- Insurance Auto Auctions, Inc. a leading provider of automotive salvage and claims processing services in the United States, will hold a conference call with institutional investors, security analysts and other interested parties at 11:00 AM Eastern Daylight Time on Friday, July 25, 2003 to ... Continue reading
Amicus statement on Ford’s Halewood plant
London, July 18 -- Ford announced this afternoon to build the new generation Land Rover at their Halewood rather than the Solihull plant as of 2006. Derek Simpson, General Secretary of Amicus, said: "There is extreme shock and bitter disappointment at the plant in Solihull because of previous commitments by the company ... Continue reading
TUNBRIDGE WELLS, UK--July 18, 2003--Auto Data Network Inc. (OTCBB: ADNW), a provider of software and real-time data services to the automotive industry, today announced the release of a new version of aftermarket software by its subsidiary MAM Software Inc. Named Version 21, this latest release utilises new open standa ... Continue reading
Celtron International's Subsidiary Concludes Funding and Development Phase
MIDRAND, South Africa--July 18, 2003--Celtron International Inc. (OTCBB:CLTR) announced today that Orbtech Holdings Ltd. (Orbtech) -- Celtron's South African subsidiary -- has secured an investment of Four Million Five Hundred Thousand Rand by The Hallock Collection, Inc. after confirmation by Orbtech that production a ... Continue reading
Company Profile for Rubber Manufacturers Association
WASHINGTON--July 18, 2003--RMA is the national trade association for the rubber products industry. Its members include more than 100 companies that manufacture various rubber products, including tires, hoses, belts, seals, molded goods, and other finished rubber products. RMA members employ over 120,000 workers and acc ... Continue reading
Corteco Acquires Omega Power Steering Hose Brand; Expands Product Offering
PLYMOUTH, Mich., July 18 -- Corteco has broadened its offering of aftermarket products with the acquisition of the Omega power steering hose and rebuild kit business in Solon, Ohio from Federal-Mogul. Terms of the agreements were not disclosed. "This targeted acquisition further expands our already significant product ... Continue reading
Federal-Mogul Among Top 10 North American Rubber Product Producers
SOUTHFIELD, Mich., July 18 -- Federal-Mogul Corporation again is one of the top 10 largest North American rubber product producers, according to an annual ranking by Rubber & Plastics News. (Logo: http://www.newscom.com/cgi-bin/prnh/20000525/DETH025LOGO ) The survey, based on 2002 rubber product sales, also lists Feder ... Continue reading
Fleetwood Enterprises Announces Fourth Quarter Conference Call to Be Held on July 23, 2003
Fourth Quarter Results to Be Released RIVERSIDE, Calif., July 18 -- Fleetwood Enterprises, Inc. , the nation's largest manufacturer of recreational vehicles and a leading producer and retailer of manufactured housing, will host a conference call to discuss the results for its fourth quarter and fiscal year ended April ... Continue reading
Manitex Completes Acquisition of Assets of Phoenix Corporation
GEORGETOWN, Texas, July 18 -- Manitex announced today the completion, through its wholly owned subsidiary, Manitex Skycrane, of its acquisition of the operating assets of Phoenix Corporation for cash and assumed debt. Based in Ottawa, Kansas since the early 1950s, Phoenix Corporation, and its predecessor companies, hav ... Continue reading
MEMA Applauds Sen. Alexander's Call for Steel Tariff Repeal
RESEARCH TRIANGLE PARK, N.C., July 18 -- In a July 16 statement on the floor of the U.S. Senate, Sen. Lamar Alexander (R-Tenn.) called for the repeal of the Section 201 steel tariffs. Alexander highlighted the adverse impact of the tariffs on the U.S. automotive parts and components industry, which serves as a leading ... Continue reading
Modine Honors Preferred Suppliers
RACINE, Wis.--July 18, 2003--Modine Manufacturing Company awarded five of its two-hundred key suppliers, to North American Operations, in the first annual Preferred Supplier Awards Ceremony held at Modine's worldwide headquarters in Racine, Wisconsin, U.S.A. "In order to achieve true success in today's competitive glob ... Continue reading
Praxair's CoJet Gas Injection System Now Running at Three Asian EAF Steel Mills
DANBURY, Conn.--July 18, 2003--Praxair, Inc. today announced the installation and operation of its CoJet(R) gas injection system in three electric arc furnaces (EAF) in Asia. The steel mills now running the CoJet system are Hanbo Steel and INI, located in South Korea and Feng Hsin in Taiwan. This now brings the total n ... Continue reading
Specialty Steel Prices to Increase
LATROBE, Pa., July 18 -- Timken Latrobe Steel, a subsidiary of The Timken Company , announced it would increase prices by five percent on all high-speed steel products. The price change is effective with new orders received after September 1, 2003. Raw material surcharges will remain in effect. (Logo: http://www.newsco ... Continue reading
Timken and NSK Form Global Needle Bearing Alliance
CANTON, Ohio, July 18 -- The Timken Company and NSK Ltd. have reached an agreement to jointly serve certain Japan-based auto manufacturers and their principal suppliers with engineering solutions based on needle bearings and related services. (Logo: http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO ) Project teams c ... Continue reading
Lund International, Inc. Announces Retirement of Heavy Truck Division President
DULUTH, Ga., July 18 -- Lund International, Inc. announces John Daniels, President and General Manager of its Belmor Products Division is retiring effective July 24, 2003. Mr. Daniels joined Lund International Inc. on July 24, 1977 starting as Operations Manager in Longmont, Colorado where he helped establish Lund Inte ... Continue reading
BorgWarner Declares Quarterly Dividend
CHICAGO, July 18 -- The board of directors of BorgWarner Inc. has declared a quarterly dividend of $0.18 per share on all of the company's issued and outstanding common stock. The dividend is payable August 15, 2003 to shareholders of record on August 1, 2003. BorgWarner Inc. is a product leader in highly engineered co ... Continue reading
Takagi-Barron Nashville Friday Qualifying
Contact: Laz Denes, 256-657-6190 ldenes@monunnracing.com www.monunnracing.com media information Takagi Qualifies Third, Giaffone's Sub Barron Sixth at Nashville NASHVILLE (Friday, July 18, 2003) - Tora Takagi and the #12 Pioneer/Mo Nunn Racing Toyota-powered Panoz G Force qualified third for the third race in a row whi ... Continue reading
GM Racing Notes, J.Gordon - Qualifying Cancelled at NHIS
Contact: Nancy Wager GM Racing Communications nmwager@aol.com (727) 784-8465 (727) 415-3109 For more information: media.gm.com GM RACING NOTES AND QUOTES; QUALIFYING NOTES NEW ENGLAND 300 AT NHIS, July 18, 2003, PAGE 1 Due to rain, the field for Sunday's New England 300 at New Hampshire International Speedway will be s ... Continue reading
Nashville IRL Chevrolet Qualifying
Contact: Rick Voegelin rickvoegelin@compuserve.com GM Racing Communications (831) 761-2201 http://media.gm.com/gmracing Meira Top Chevy Qualifier for Nashville IRL Race NASHVILLE, Tenn., July 18, 2003 - For the second straight race, Brazilian Vitor Meira posted the fastest qualifying speed among the six Chevrolet drive ... Continue reading
Diamond PowerSports Inc. Expands Operations To Support Growth in Sales, Marketing And Service
SUNRISE, Fla., July 18 -- Diamond PowerSports Inc. (BULLETIN BOARD: DPWS) today announced the expansion of its manufacturing, sales and support staff and the relocation of its corporate headquarters to a larger facility in South Florida. "With a growing client list for our proprietary products, this was a necessary and ... Continue reading
Courage Center Helps Seniors Drive Safely as Long as Possible
GOLDEN VALLEY, Minn., July 18 -- Most of us don't like to admit it, but we may be worried about a loved one, family member or friend whose driving skills seem to have diminished because of age or disability. If you're concerned about someone's driving skills, a driving assessment is a great objective tool to help deter ... Continue reading
BMW WilliamsF1 Team-British GP-First Qualifying
British Grand Prix - FIRST QUALIFYING 18th July 2003 Weather: Overcast, occasional drizzle. Temp: 17°C Air, 24°C Track Silverstone (GB). On a typical British day, with grey sky and light drizzle, Juan Pablo Montoya and Ralf Schumacher qualified second and third in the First Qualifying session for the British Grand Pr ... Continue reading
Contact: Rick Voegelin rickvoegelin@compuserve.com GM Racing Communications (831) 761-2201 http://media.gm.com/gmracing Bowtie Bullet Points: Chevrolet Notes for the Firestone Indy 200 Nashville Superspeedway Round 9 of 16, Indy Racing League IndyCar Series Saturday, July 19, 2003 * IRL Response to GM Racing Request On ... Continue reading
GM RACING NOTES & QUOTES--JERRY NADEAU PRESS CONFERENCE
Contact: Ron Lemasters Jr. GM Racing Communications r.lemasters@att.net (704) 792-1801 phone (704) 236-9831 cell For more information: media.gm.com GM RACING WINSTON CUP NOTES & QUOTES; JERRY NADEAU PRESS CONFERENCE NEW HAMPSHIRE INTERNATIONAL SPEEDWAY; JULY 18, 2003; PAGE 1 Loudon, NH, July 18, 2003 - Jerry Nadeau, dr ... Continue reading
Ward's Reports Estimated North American Vehicle Production - July 18, 2003
SOUTHFIELD, Mich., July 18 -- Vehicle production this week in the U.S., Canada and Mexico is expected to hit an estimated 251,130 units, up 81.5 percent from the 138,393 cars and trucks built last week, according to Ward's Automotive Reports. Including this week's estimates, calendar year North American output now tota ... Continue reading
Auto-Q International Inc. Retains Robert Manning as Its Legal Advisor
LONDON, July 18 -- Auto-Q International Inc. (BULLETIN BOARD: AUTQ) , a leading provider of vehicle tracking and monitoring systems for trucking fleets and consumers, announced today that it has retained Robert Manning as its UK based legal advisor. Robert Manning is the Chairman of Fox Hayes solicitors based in Leeds, ... Continue reading
Syntel Reports Solid Second Quarter Results
Quarterly Highlights: * Revenue of $43.9M * Gross margin of 45.0% * EPS of $0.25 per diluted share * Addition of $11.3M in cash TROY, Mich., July 18 -- Syntel, Inc. , a global information technology services firm, today announced solid financial results for the second quarter ended June 30, 2003. Syntel's total revenue ... Continue reading
New Cummins Westport engine selected by Los Angeles for up to 600 buses
VANCOUVER, July 18 -- Cummins Westport Inc. announced today that its low-emissions L Gas Plus natural gas engine has been selected by the Metropolitan Transportation Authority of Los Angeles County for an order of up to 600 buses. Initially the transit authority will purchase 200 buses equipped with the L Gas Plus engi ... Continue reading
Visteon Corporation Reports Second Quarter Results; Completes Exit Of Its Seating Operations
DEARBORN, Mich., July 18 -- Visteon Corporation today announced a net loss of $167 million or $1.33 per share for the Second Quarter 2003, which includes a previously announced special charge associated with the exit of its seating business located in Chesterfield, Michigan. This compares with net income of $72 million ... Continue reading
Fleetwood Folding Trailers Files Lawsuit Against Coleman Over Licensing Agreement
RIVERSIDE, Calif., July 17 -- Fleetwood Enterprises, Inc. , the nation's leader in recreational vehicle sales and a leading producer and retailer of manufactured housing, announced today that it and its subsidiary, Fleetwood Folding Trailers, Inc., are engaged in litigation against The Coleman Company, Inc. in connecti ... Continue reading
AmeriCredit to Webcast Analyst Conference Call on Fourth Quarter Operating Results
FORT WORTH, Texas--July 17, 2003--AMERICREDIT CORP. will release its fourth quarter 2003 operating results on August 6, 2003 after market close. Management will host an analyst conference call on August 7 at 8:30 a.m. Eastern to discuss AmeriCredit's operating results for the period. This call will be broadcast live fo ... Continue reading
Ansoft Director Dr. Ulrich Rohde Receives VWOA Award
PITTSBURGH--July 17, 2003--Ansoft Corporation director Dr. Ulrich L. Rohde received a Marconi Memorial Gold Medal of Achievement from the Veteran Wireless Operators Association (VWOA) for his exemplary achievements in the field of microwave circuit simulation and design. Dr. Rohde, who has served on Ansoft's board of d ... Continue reading
Asbury Automotive Group Schedules Release of Second Quarter Results and Conference Call
STAMFORD, Conn., July 17 -- Asbury Automotive Group, Inc. , one of the largest automotive retail and service companies in the U.S., today announced that it will release its second quarter financial results before the market opens on July 31, 2003. Senior management, including Kenneth B. Gilman, President and CEO, Thoma ... Continue reading
Ceradyne, Inc. Receives $7.1 Million SAPI Armor Order; Expedited Order for U.S. Army
COSTA MESA, Calif.--July 17, 2003--Ceradyne, Inc. announced today that it has been awarded a new order for approximately $7.1 million of small arms protective inserts (SAPI) by the Defense Supply Center Philadelphia for the U.S. Army. This new order is on an expedited basis and is scheduled to be completed before the e ... Continue reading
eMax Corp Engages Auditors and Gains Attention on the Pink Sheets
ORLANDO, Fla., July 17 -- eMax Corporation (OTC Pink Sheets: EMAX) in great growth strides, engaged Citrin Cooperman as their newly retained auditors. eMax Corporation has made a commitment and plans to file all financials with the SEC to become a fully reporting company in the near future. On July 16, 2003 EMAX was li ... Continue reading
MINNEAPOLIS--July 17, 2003--Graco Inc. today announced second quarter net earnings of $24.5 million on net sales of $146.4 million - increases over the prior year of 14 percent and 10 percent, respectively. Diluted net earnings per share were $0.53 versus $0.44 last year, a 20 percent increase. For the first six months ... Continue reading
H.B. Fuller Names Jim Conaty as Group President, Global Adhesives
ST. PAUL, Minn.--July 17, 2003--H.B. Fuller Company announced that Jim Conaty has been appointed group president, Global Adhesives, replacing Peter Koxholt, who has chosen to retire due to illness. In this role, Conaty will assume responsibility for the global adhesives businesses, as well as retain overall responsibil ... Continue reading
IdleAire Wins 2003 'R&D 100' Award For Advanced Travel Center Electrification (ATE) System
KNOXVILLE, Tenn., July 17 -- IdleAire Technologies Corporation's Advanced Travel Center Electrification (ATE) system has been selected by R&D Magazine as "one of the 100 most technologically significant products introduced into the marketplace over the past year." An independent panel of 60 judges and the magazine's ed ... Continue reading
INTERMET Board Elects Gary F. Ruff CEO
TROY, Mich., July 17 -- INTERMET Corporation , one of the world's leading manufacturers of cast-metal automotive components, today announced that Gary F. Ruff, 51, has been elected by the Board of Directors to the position of President and Chief Executive Officer, effective immediately. He succeeds John Doddridge, 62, ... Continue reading
J.B. Hunt Transport Services, Inc., Announces Stock Split
LOWELL, Ark.--July 17, 2003--J.B. Hunt Transport Services, Inc. announced today that the Board of Directors has declared a two for one stock split on its common stock, payable August 29, 2003 to stockholders of record on July 31, 2003. This press release contains forward-looking statements, which are based on informati ... Continue reading
TOKYO & PARIS--July 17, 2003-- Automotive lighting equipment leader uses solutions to create revolutionary product development methodology - reduces development cycles substantially IBM and Dassault Systemes (Euronext Paris: #13065, DSY.PA) today announced that Koito Manufacturing has deployed a ground-breaking product ... Continue reading
Mile Marker International, Inc. Announces Military Order, Cash Dividend and Stock Split
POMPANO BEACH, Fla.--July 17, 2003--Mile Marker International, Inc. (OTCBB:MMRK), a specialty automotive parts distributor, announced a $3,899,428 order from the U.S. military, a cash dividend of $0.015 per common share and the completion of a reverse/forward stock split transaction. In its Form 8K filing with the U.S. ... Continue reading
Superior Industries Reports Second Quarter Results
VAN NUYS, Calif.--July 17, 2003--Superior Industries International, Inc. announced today that operating results for the second quarter and first six months of 2003 were in-line with the company's previous guidance. "We had expected a relatively soft second quarter because of production cut-backs by some of our OEM cust ... Continue reading
Two Races in Two Weeks for BMW Team PTG
NEWS FROM BMW TEAM PTG FOR IMMEDIATE RELEASE Wine Country to Wisconsin: Two Races in Two Weeks for BMW Team PTG WINCHESTER, Va. (July 17, 2003) - BMW Team PTG faces two contrasting race tracks in two weeks as it heads into the second half of the 2003 SCCA Pro Racing Speed GT Championship season: the Infineon Grand Prix ... Continue reading
Midas Completes Uni-Select Agreement in Canada; Reports Progress on AutoZone Transition in U.S.
ITASCA, Ill.--July 17, 2003--Midas, Inc. has reached final agreement with Uni-Select, Inc. (TSX:UNS) of Boucherville, Quebec, Canada, calling for Uni-Select to distribute automotive parts to Midas' 230 automotive service shops and other customers throughout Canada. The companies had signed a letter of intent in April. ... Continue reading
UnitedAuto Group to Host Second Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich.--July 18, 2003--UnitedAuto Group, Inc. , a FORTUNE 500 automotive specialty retailer, will host its second quarter 2003 financial results conference call with senior management. -0- WHEN: Wednesday, July 30, 2003 TIME: 9:00 a.m. Eastern Time PHONE: United States, please call (888) 428-4471 Inter ... Continue reading
Mopar Unveils New Funny Car Paint Scheme
Team Mopar NHRA POWERade Drag Racing Series Mopar Mile-High Nationals Bandimere Speedway -- Morrison, Colo. Pre-Race Notes --Photos Available Upon Request-- Mopar Unveils New ŒBling Bling¹ Paint Scheme Whit Bazemore to Wear Mopar Colors for Mile-High Nationals GOLDEN, Colo. (July 17, 2003) -- Mopar unveiled its n ... Continue reading
DesignworksUSA Introduces Concept Design for Intel's Portable Media Player Technology
NEWBURY PARK, Calif., July 18 -- DesignworksUSA has introduced a concept design for Intel's portable media player (PMP) technology. The prototype, demonstrated at a technology showcase recently hosted by Intel Corporation in New York, received rave reviews from a large group of consumer and technical trade journalists ... Continue reading
AAA Texas: Weekend Gas Watch; Texans See Sharp Rise in Gasoline Prices
HOUSTON--July 18, 2003--Gasoline prices in many major Texas cities rose sharply, 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. The statewide average price for a gallon of regular self-serve is $1.45 a g ... Continue reading
LA Auto Club: Gas Prices Continue Dropping; Four Consecutive Weeks of Declines
LOS ANGELES--July 18, 2003--Gasoline prices, that for the previous three weeks had edged lower from week to week, took a steeper dip last week, according to the Automobile Club of Southern California's Weekend Gas Watch. Currently, the average price of self-serve regular unleaded gasoline in the Los Angeles-Long Beach ... Continue reading
SUV Code 'Read' - The Facts The Anti-SUV Zealots Don't Want You to See
SUV Owners of America Fills the Fact Void WASHINGTON, July 18 -- In response to the Chesapeake Climate Action Network's planned "SUV Code Red Campaign," in which the group plans to ticket 15,000 SUVs in the Baltimore/Washington area, the SUV Owners of America (suvoa.com) has released a list of facts about SUVs that thi ... Continue reading
AAA Chicago's September/October Events and Festivals Calendar
AURORA, Ill., July 17 -- The Midwest is the place to be in September and October to enjoy a wide variety of fall festivals. Following is a list of monthly events and festivals in the region complied by AAA Chicago. Sept. 12-13, Chicago -- The Shedd Aquarium. Grab your sleeping bag and bring the whole family for "Asleep ... Continue reading
AAA Applauds Reintroduction of Right to Repair Legislation
WASHINGTON--July 17, 2003--AAA, the leading provider of automotive services to North American vehicle owners, today said it will work closely with Representatives Joe Barton (R-TX) and Edolphus Towns (D-NY) to pass H.R. 2735, the "Motor Vehicle Owner's Right to Repair Act." On Tuesday, the representatives reintroduced ... Continue reading
CASCAR - MOPAR Parts 500 Preview - Calgary
CASCAR Super Series MOPAR Parts 500 Race Weekend Race #6 / Race City Motorsport Park For more information contact CASCAR at (519) 641-1214 For immediate release / July 17, 2003 Micks heads to the MOPAR Parts 500 Race Weekend atop the Super Series point standings CALGARY, AB - CASCAR Super Series racer Kerry Micks is he ... Continue reading
Future Electronics Joins Justin Marks in Speed GT
NEWS FROM BMW TEAM PTG FOR IMMEDIATE RELEASE Contact: Erin Gahagan, 540-722-4061 FUTURE ELECTRONICS JOINS JUSTIN MARKS IN SPEED GT WINCHESTER, Va. (July 17, 2003) - Future Electronics will be an associate sponsor on Justin Marks¹ No. 80 BMW Team PTG M3 for the remainder of the 2003 SCCA Pro Racing Speed GT Championshi ... Continue reading
Tickets On Sale for Puerto Rico Grand Prix, as Preparations Continue for Season Finales
CONTACT: Justin Anderson (704) 348-9400 Cell: (517) 927-3614 Fax: (704) 348-9444 FOR IMMEDIATE RELEASE July 17, 2003 TICKETS ON SALE FOR PUERTO RICO GRAND PRIX AS PREPARATIONS CONTINUE FOR SEASON FINALES SAN JUAN, Puerto Rico ‹ Tickets will go on sale Friday, July 18 for the Puerto Rico Grand Prix, scheduled for ... Continue reading
Bandag, Incorporated Reports 2nd Quarter EPS of $0.45
Flash Results Bandag, Inc. (Numbers in Millions, Except Per Share Data) 6 Mos. 6 Mos. Q2 2003 Q2 2002 2003 2002 Net Sales $204.1 $231.1 $379.4 $423.6 Income before cumulative effect of accounting change* $8.7 $11.7 $11.1 $12.9 Diluted EPS before cumulative effect of accounting change* $0.45 $0.57 $0.57 $0.63 Shares Out ... Continue reading
Earl Scheib Announces Fourth Quarter and Fiscal 2003 Results
SHERMAN OAKS, Calif.--July 17, 2003--Earl Scheib, Inc. (AMEX:ESH) reported its results for the fourth quarter and fiscal year ended April 30, 2003. Net sales for the fourth quarter of fiscal 2003 were $12,120,000, a decrease of 9.4% from the fourth quarter of fiscal 2002 net sales of $13,374,000. This decrease resulted ... Continue reading
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