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December 2003

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Monday, December 22, 2003

AAA Chicago Offers Tips for Concerned Holiday Travelers

AAA Chicago Offers Tips for Concerned Holiday Travelers

AURORA, Ill., Dec. 22 -- With the raise in the national terror color-coded threat level to Orange, AAA Chicago has put together the following tips for people who plan on traveling during the holidays. -- Check with your travel agent before you go. Your travel agent will be able to give you the latest information, as we ... Continue reading

Raser Technologies Initiates Test Demonstration Program

Raser Technologies Initiates Test Demonstration Program

PROVO, Utah--Dec. 22, 2003--Raser Technologies Inc. (OTCBB: RSTG) announces that it has installed its proprietary Symetron(TM) Technology into a leading automobile manufacturer's electric motor. The intent of this test program is to install Symetron(TM) Technology into the manufacturer's current electric motor, and eva ... Continue reading

ArvinMeritor Roof Module Receives 2003 Grand Award From the Society of Plastics Engineers

ArvinMeritor Roof Module Receives 2003 Grand Award From the Society of Plastics Engineers

TROY, Mich., Dec. 22 -- ArvinMeritor, Inc. announced today that the company's Light Vehicle Systems (LVS) business group -- with its customer DaimlerChrysler AG and supplier GE Plastics Automotive -- was awarded the 2003 Grand Award by the Society of Plastics Engineers (SPE) for its passenger vehicle roof module produc ... Continue reading

Barber Dodge Announces 2004 Opener

Barber Dodge Announces 2004 Opener

If the following text-only file is not easily readable, particularly any tables of numbers, try enlarging this window since every line has a forced end and there is no word-wrap. Otherwise, this report will look and print better from the following PDF file: http://www.sportssystems.com/applib/PDFload.cfm?file=/email /f ... Continue reading

FERGUS FALLS, I-94 EXTEND ASA MEMBER TRACK PROGRAM

FERGUS FALLS, I-94 EXTEND ASA MEMBER TRACK PROGRAM

If the following text-only file is not easily readable, particularly any tables of numbers, try enlarging this window since every line has a forced end and there is no word-wrap. Otherwise, this report will look and print better from the following PDF file: http://www.sportssystems.com/applib/PDFload.cfm?file=/email /f ... Continue reading

Oshkosh Truck Receives $49.4 Million Contract to Remanufacture Defense Trucks Returning from War in Iraq

Oshkosh Truck Receives $49.4 Million Contract to Remanufacture Defense Trucks Returning from War in Iraq

OSHKOSH, Wis.--Dec. 22, 2003--Oshkosh Truck Corporation , a leading manufacturer of specialty trucks and truck bodies, announced today that the company has received a $49.4 million contract to remanufacture Oshkosh defense trucks and trailers that were deployed during Operation Iraqi Freedom. The contract was awarded b ... Continue reading

HD Radio Receivers to Debut at 2004 International CES

HD Radio Receivers to Debut at 2004 International CES

100+ Markets Licensed for iBiquity's HD Radio AM & FM Digital Broadcast Technology iBiquity Digital Media Advisory HD Radio Consumer Introduction at CES 2004 Wednesday, January 7, 2004 @ 2:00 PM PST COLUMBIA, Md., Dec. 22 -- It has been called "stunning", "revolutionary" and an "inevitability," and it is now a reality ... Continue reading

Automotive Color Trend & Coatings Technologies Interviews Available At the 2004 North American International Auto Show, Jan. 7, 8

Automotive Color Trend & Coatings Technologies Interviews Available At the 2004 North American International Auto Show, Jan. 7, 8

WHO: PPG Industries, the world's leading manufacturer of transportation coatings. WHAT: Interview opportunities with PPG executives on automotive color trends, 2003 vehicle color popularity survey and the latest in automotive coatings technologies. PPG executives can discuss a variety of topics, including: - North Amer ... Continue reading

Cobra Electronics Wins Prestigious ICES Best of Innovations Award

Cobra Electronics Wins Prestigious ICES Best of Innovations Award

Company's Winning Streak Continues with Industry Accolades For New Mobile Navigation Systems and Premium Radar Detector CHICAGO, Dec. 22 -- Cobra Electronics has received three 2004 International CES Innovations Awards from the Consumer Electronics Association including the company's first Best of Innovations Award for ... Continue reading

Magna annonce des charges supplémentaires

Magna annonce des charges supplémentaires

AURORA, Ontario, December 22 -- La société Magna International Inc. (TSX : MG.A, MG.B ; NYSE : MGA) annonce aujourd'hui qu'elle prévoit d'enregistrer des charges qui devraient avoir des répercussions négatives sur son bénéfice dilué par action, le réduisant de 0,28 dollar au quatrième trimestre 2003. Dans un ... Continue reading

Newstream.com Digest: Celine Dion's High Note, a Giveback from Bowl Games, 130 Years for Kohler and Other Free Multimedia Content for Journalists

Newstream.com Digest: Celine Dion's High Note, a Giveback from Bowl Games, 130 Years for Kohler and Other Free Multimedia Content for Journalists

NEW YORK--Dec. 22, 2003-- A New Day... Featuring Celine Dion Brings in 2004 on a High Note Looking back at the year in review, a notable milestone in the entertainment scene is the continued sold-out success of A New Day... created by DRAGONE and presented by Chrysler at The Colosseum at Caesars Palace, Las Vegas. Havi ... Continue reading

Owosso Corporation Announces Amendment to Credit Agreement

Owosso Corporation Announces Amendment to Credit Agreement

WATERTOWN, N.Y., Dec. 22 -- ? Owosso Corporation (BULLETIN BOARD: OWOS) today announced that it has amended its $10 million credit facility with its current bank group. The existing facility, due to expire on December 31, 2003, has been extended until March 31, 2004. Commenting on this announcement, George B. Lemmon Jr ... Continue reading

Re: Diet pills prescribed

Re: Diet pills prescribed

Did you know you can order pres.cription medica.tions online with no prior prescrip.tion and in the comfort of your home? Upon approval, one of our board-certified US physicians will issue a F.REE pres.cription for an FDA approved medica.tion. Your pr.escription will be filled and shipped by a US licensed ph.armacy in ... Continue reading

See Parls HlLT0N getting slammed on tape lve8F49PPKhf2It

See Parls HlLT0N getting slammed on tape lve8F49PPKhf2It

Download the Parls HlLton stolen s-e-x video! This is the original private Parls HlLton sex video that Paris and Rick Soloman made that has been leaked out, and is now available for you to download. ... Continue reading

Tech Sector - Barcharts say 100 Percent to the Upside...bahari

Tech Sector - Barcharts say 100 Percent to the Upside...bahari

Here you go. The technicals are perfect. I hear NMMG is going to unveil its new technology in February. ... Continue reading

Universal Technical Institute, Inc. Announces Closing of Initial Public Offering and Exercise of Underwriters' Over-Allotment Option

Universal Technical Institute, Inc. Announces Closing of Initial Public Offering and Exercise of Underwriters' Over-Allotment Option

PHOENIX, Dec. 22 -- Universal Technical Institute, Inc. announced today the closing of its initial public offering of 7,500,000 shares of common stock at a price of $20.50 per share. The Company also announced that the underwriters of its initial public offering have exercised their over-allotment option to purchase an ... Continue reading

Your Confirmation Required

Your Confirmation Required

This message is to verify that you wish to have your email address: submit@theautochannel.com removed from the WM READERS Subscribe Me mailing list. You MUST click on the link below to have your address removed from our list. This is to ensure that someone doesn't remove your address from our list without your knowledg ... Continue reading

Your Confirmation Required

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This message is to verify that you wish to have your email address: press@theautochannel.com removed from the WM READERS Subscribe Me mailing list. You MUST click on the link below to have your address removed from our list. This is to ensure that someone doesn't remove your address from our list without your knowledge ... Continue reading

Magna kündigt steigende Kosten an

Magna kündigt steigende Kosten an

AURORA, Ontario, December 22 -- Magna International Inc. (TSX: MG.A, MG.B; NYSE: MGA) gab heute bekannt, dass auf die Gesellschaft Kosten zukommen werden, durch die die Gewinne je Aktie einschliesslich aller Umtauschrechte im vierten Quartal 2003 um rund US$ 0,28 gemindert werden. In ihrer Pressemitteilung vom 5. Novem ... Continue reading

Cobra Electronics Announces Breakthrough Line of Advanced Mobile Navigation Systems

Cobra Electronics Announces Breakthrough Line of Advanced Mobile Navigation Systems

'Plug and Go' Devices Recognized by Consumer Electronics Association as The 'Best in Mobile Electronics' at 2004 ICES CHICAGO, Dec. 22 -- Cobra Electronics announced today the introduction of its breakthrough portable mobile navigation systems, differentiated by industry-first features to benefit drivers looking for ti ... Continue reading

Society of Automotive Analysts Announces Jay Alix as Keynoter, Plus Panelists for its 2004 Automotive Outlook Conference

Society of Automotive Analysts Announces Jay Alix as Keynoter, Plus Panelists for its 2004 Automotive Outlook Conference

DETROIT, Dec. 22 -- The Society of Automotive Analysts (SAA) will present its 16th annual Automotive Outlook Conference Tuesday, January 6, 2004 in conjunction with the North American International Auto Show (NAIAS). The theme of this year's conference is "The Customer's in the Driver's Seat." Jay Alix, founder of Alix ... Continue reading

Christmas/New Year Will Be Biggest Holiday Travel Season for Southern California since 9/11, Says LA Auto Club

Christmas/New Year Will Be Biggest Holiday Travel Season for Southern California since 9/11, Says LA Auto Club

LOS ANGELES--Dec. 22, 2003--The Automobile Club of Southern California is predicting a 4.7 percent increase over last year in the number of local residents traveling to holiday destinations -- the biggest one-year increase in travel for any holiday since 9/11. Nearly 5.2 million Southern Californians are expected to dr ... Continue reading

ADESA MEMPHIS TO HOST DEALER FAIR

ADESA MEMPHIS TO HOST DEALER FAIR

Good Morning, Everyone: Attached is a news release on the upcoming Dealer Fair in Memphis, Tenn. To offer everyone an idea of what happens during these Dealer Fairs, I have attached a photo of Regional Reconditioning Manager, Gary Granger conducting a reconditioning seminar for a group of used vehicle dealers in Dallas ... Continue reading

Applied Films Announces Orders for Its First Two Generation 6 TFT Color Filter Machines

Applied Films Announces Orders for Its First Two Generation 6 TFT Color Filter Machines

LONGMONT, Colo., Dec. 22 -- Applied Films Corporation announced today that a major Korean customer has converted a letter of intent that was received in September to orders for two New Aristo 1800's for that customer's first phase Generation 6 fabrication plant. Mr. Thomas T. Edman, President and CEO stated, "We are pl ... Continue reading

Banknorth Becomes Tobin Bridge FASTLANE Sponsor; Massport Signs New England Bank, Generating Non-toll Revenue

Banknorth Becomes Tobin Bridge FASTLANE Sponsor; Massport Signs New England Bank, Generating Non-toll Revenue

BOSTON--Dec. 22, 2003--The Massachusetts Port Authority (Massport) today announced a three-year contract with Banknorth Group, Inc. to sponsor the Tobin Bridge's FASTLANE program. As a result, Tobin Bridge drivers will soon see signs displaying the Banknorth name. The bridge's first corporate sponsor is the result of M ... Continue reading

CarMax, Inc. Announces Creation of the CarMax Foundation With Initial Endowment of $1 Million

CarMax, Inc. Announces Creation of the CarMax Foundation With Initial Endowment of $1 Million

Foundation to Focus on Family Auto Safety, Technical Training in Retailer's 22 Markets; Educational and Youth Programs in Home Town of Richmond, Va. RICHMOND, Va., Dec. 22 -- CarMax, Inc. , the nation's leading specialty retailer of used vehicles announced today the creation of the CarMax Foundation, designed to benefi ... Continue reading

DENSO Announces Outcome of the Repurchase of its own Shares at Tokyo Stock Exchange

DENSO Announces Outcome of the Repurchase of its own Shares at Tokyo Stock Exchange

JapanCorp: <http://www.japancorp.net/?page_num=1> DENSO Announces Outcome of the Repurchase of its own Shares at Tokyo Stock Exchange Tokyo, Japan, Dec. 22, 2003 - (JCN Newswire) - DENSO Corporation announced the outcome of the repurchase of its own shares in conformity with the Provisions of Article 210 of the Commerc ... Continue reading

DURA Automotive Systems Now Able to Translate Website into Multiple Languages Easily With Web Tool Developed by Logic Solutions

DURA Automotive Systems Now Able to Translate Website into Multiple Languages Easily With Web Tool Developed by Logic Solutions

ANN ARBOR, Mich., Dec. 22 -- With locations in more than fourteen countries, web-based communication transcending the barrier of language is critical for DURA Automotive Systems. Developing and maintaining a website for multiple languages can, however, be a time intensive and costly endeavor. With the development of a ... Continue reading

Everything You Need to Know About Detroit and L.A. Auto Shows; Honda Rolls Out 'Green' Vanilla; Return of 2-Tone Paint, Automakers Bullish on '04 - But Bending Numbers in '03? That and More on TheCarConnection.com

Everything You Need to Know About Detroit and L.A. Auto Shows; Honda Rolls Out 'Green' Vanilla; Return of 2-Tone Paint, Automakers Bullish on '04 - But Bending Numbers in '03? That and More on TheCarConnection.com

DETROIT, Dec. 22 -- For those already planning for Christmas '05, TheCarConnection provides a good start with its preview of the upcoming Detroit and Los Angeles auto shows. Get a look at the Ferrari 612, the BMW 6- Series convertible, the all-new '05 Corvette and the Pontiac G6. There are trucks, and sedans and sports ... Continue reading

Fleetwood Homes Grants 'Big Wish' to Lucky Pennsylvania Family

Fleetwood Homes Grants 'Big Wish' to Lucky Pennsylvania Family

Fleetwood Gives Away Popular Entertainer(R) Home As Part of Its 'Big Wish' Sweepstakes RIVERSIDE, Calif., Dec. 22 -- Fleetwood Homes, a leading producer and retailer of manufactured housing, today announced the winner of its "Big Wish" sweepstakes, granting one lucky family a new Entertainer Home valued at $50,000. Int ... Continue reading

Ford Announces New Agreements With Visteon, Increases 2003 Earnings Guidance

Ford Announces New Agreements With Visteon, Increases 2003 Earnings Guidance

9 A.M. Conference Call Also to Cover New Contributions to Ford's Pension Funds and VEBA, and Other 2003 Fourth-Quarter Special Items Visteon Agreements: * Deliver near-term price reductions and provide a basis for fully competitive pricing to Ford over time. * Build on the 2003 UAW-Ford negotiations that provided a fra ... Continue reading

IMPCO Technologies Closes $9.6 Million Private Placement of Common Stock

IMPCO Technologies Closes $9.6 Million Private Placement of Common Stock

CERRITOS, Calif., Dec. 22 -- IMPCO Technologies, Inc. , today announced that they have closed a $9.6 million private placement financing of common stock with several large institutional investors. IMPCO sold a total of 1.5 million shares at $6.40 per share. The financing was placed by Adams, Harkness & Hill. Robert M. ... Continue reading

J.B. Hunt Transport Services, Inc. Announces Update on Tax Examination

J.B. Hunt Transport Services, Inc. Announces Update on Tax Examination

LOWELL, Ark.--Dec. 22, 2003--J.B. Hunt Transport Services, Inc. announced today that on December 15, 2003, the Company received from the Internal Revenue Service ("IRS") a revenue agent's report summarizing adjustments proposed by the IRS arising from its audit of our 1999 and 1998 income tax returns. The report conclu ... Continue reading

Noble Polymers Introduces Polypropylene-Based Nanocomposite For Auto, Furniture and Appliance Industries

Noble Polymers Introduces Polypropylene-Based Nanocomposite For Auto, Furniture and Appliance Industries

Replacement for glass-filled polypropylene lighter, stronger and more environmentally friendly GRAND RAPIDS, Mich., Dec. 22 -- Automotive seating, furniture and appliance components will be lighter, more cost effective and more environmentally friendly in the future -- thanks to a new nanocomposite resin developed by N ... Continue reading

Quad/Graphics Elects Richard A. Burke Chairman of the Company's Board of Directors

Quad/Graphics Elects Richard A. Burke Chairman of the Company's Board of Directors

SUSSEX, Wis.--Dec. 22, 2003--Quad/Graphics has enhanced its leadership with the election of Richard A. Burke to Chairman of the Board of Directors. Mr. Burke, best known as Chairman and CEO of Trek Corporation, assumes the chairmanship after serving as a member of Quad/Graphics' Board of Directors since 1994. "Quad/Gra ... Continue reading

SEC Registration Statement To Register The Shares Sold In FARO's November 12, 2003 Private Placement Declared Effective

SEC Registration Statement To Register The Shares Sold In FARO's November 12, 2003 Private Placement Declared Effective

LAKE MARY, Fla., Dec. 22 -- FARO Technologies, Inc. today announced that its Form S-3 registration statement ("S- 3") relating to the resale by certain shareholders of 1,930,000 shares of FARO common stock has been declared effective by the Securities and Exchange Commission. FARO and its founders originally sold the 1 ... Continue reading

The Timken Company Completes Sale of Airframe Business Assets to RBC Bearings

The Timken Company Completes Sale of Airframe Business Assets to RBC Bearings

CANTON, Ohio, Dec. 22 -- The Timken Company today announced that it has completed the sale of its fixed-wing airframe product lines to Roller Bearing Company of America, Inc. (RBC Bearings). The sale included certain assets related to airframe product manufacture at the Standard Plant in Torrington, CT, as well as sele ... Continue reading

Timken Specialty Steel Prices to Increase

Timken Specialty Steel Prices to Increase

LATROBE, Pa., Dec. 22 -- Timken Latrobe Steel, a subsidiary of The Timken Company, announced it would increase prices by three percent on all stainless, remelted and tool steel grades. The price change is effective with new orders received after February 1, 2004. Raw material surcharges will remain in effect. (Logo htt ... Continue reading

Visteon Strengthens Competitive Position With New Ford Commercial Agreements

Visteon Strengthens Competitive Position With New Ford Commercial Agreements

DEARBORN, Mich., Dec. 22 -- Visteon Corporation has approved new commercial agreements with Ford Motor Company which improve the competitiveness of both companies. Visteon's competitive position is strengthened through the elimination of a significant structural challenge. Visteon also announces fourth quarter 2003 est ... Continue reading

Visteon Strengthens Competitive Position With New Ford Commercial Agreements

Visteon Strengthens Competitive Position With New Ford Commercial Agreements

DEARBORN, Michigan, December 22 -- Visteon Corporation has approved new commercial agreements with Ford Motor Company which improve the competitiveness of both companies. Visteon's competitive position is strengthened through the elimination of a significant structural challenge. Visteon also announces fourth quarter 2 ... Continue reading

Visteon Fortalece Sua Posição Competitiva com Novos Acordos Comerciais com a Ford

Visteon Fortalece Sua Posição Competitiva com Novos Acordos Comerciais com a Ford

DEARBORN, Mich., 22 de dezembro /PR Newswire/ -- A Visteon Corporation aprovou novos acordos comerciais com a Ford Motor Company que aperfeiçoam a competitividade de ambas companhias. A posição competitiva da Visteon é fortalecida com a eliminação de um significativo desafio estrutural. A Visteon anuncia também ... Continue reading

Visteon mejora su competitiva posición gracias a nuevos acuerdos comerciales con Ford

Visteon mejora su competitiva posición gracias a nuevos acuerdos comerciales con Ford

DEARBORN, Michigan, December 22 -- Visteon Corporation ha aprobado unos nuevos acuerdos comerciales con Ford Motor Company, gracias a los cuales ha conseguido mejorar la competitividad de ambas compañías. La competitiva posición de Visteon se ha visto fortalecida gracias a la eliminación de un importante desafío e ... Continue reading

Visteon Consolida Posición Competitiva con Nuevos Acuerdos Comerciales con Ford

Visteon Consolida Posición Competitiva con Nuevos Acuerdos Comerciales con Ford

DEARBORN, Mich., 22 de diciembre /PR Newswire/ -- Visteon Corporation ha aprobado nuevos acuerdos comerciales con Ford Motor Company que mejoran la competitividad de ambas empresas. La posición competitiva de Visteon se consolida a través de la eliminación de un importante desafío estructural. Asimismo, Visteon anu ... Continue reading

Yahoo! Autos Users Pick OutKast's ''Hey Ya'' as the Best Driving Song of 2003

Yahoo! Autos Users Pick OutKast's ''Hey Ya'' as the Best Driving Song of 2003

SUNNYVALE, Calif.--Dec. 22, 2003--Yahoo!(R) Autos (http://autos.yahoo.com), an informative and objective automotive site for people looking to buy, sell or research automobiles, has announced today the Best Driving Songs of 2003. Over 2,400 Yahoo! Autos users chose their favorites from a list of ten songs displayed on ... Continue reading

North American International Auto Show Selects PR Newswire As Official News Service

North American International Auto Show Selects PR Newswire As Official News Service

NEW YORK and DETROIT, Dec. 22 -- Automotive reporters covering the 16th annual North American International Auto Show (NAIAS) can locate news releases, photos, audio and video from show participants through PR Newswire, the official news service selected by the producers of the Detroit-based automotive show, the two or ... Continue reading

Kia To Build Parts and Training Ceneter in Allentown, PA

Kia To Build Parts and Training Ceneter in Allentown, PA

WEST CONSHOHOCKEN, Pa., Dec. 22 -- Keystone Property Trust today announced that it reached an agreement to develop a parts distribution and training center for KIA Motors America, Inc. ("KIA") at 7554 Morris Court in Keystone's Westpark Business Center in Allentown, PA. KIA will lease 211,535 square feet ("SF") out of ... Continue reading

Fleetwood RV Drives Strong Momentum at 41st Annual National RVIA Tradeshow

Fleetwood RV Drives Strong Momentum at 41st Annual National RVIA Tradeshow

New Products, Strategic Relationships and Dealer Participation Further Demonstrate Market Leadership Heading into 2004 RIVERSIDE, Calif., Dec. 22 -- Echoing its dynamic new corporate theme, Driven to Explore, Fleetwood RV today announced it created strong momentum across all business lines and initiatives at the recent ... Continue reading

Court Approves Rouge Industries Sale to Severstal

Court Approves Rouge Industries Sale to Severstal

DEARBORN, Mich., Dec. 22 -- Rouge Industries, Inc. today announced that the United States Bankruptcy Court for the District of Delaware in Wilmington (the "Court") has approved the sale to Severstal of substantially all of the Company's assets pursuant to the terms of the asset purchase agreement between the parties. A ... Continue reading

Kia Rewrites the Rules for the Marketing Launch of Amanti

Kia Rewrites the Rules for the Marketing Launch of Amanti

Advertising Campaign Unveils Kia's New Large Sedan and Introduces Kia Brand to a New Consumer IRVINE, Calif., Dec. 22 -- Where is it written that a big car has to be boring? That's the question asked by Kia Motors America in a new integrated advertising campaign from independent ad agency davidandgoliath supporting the ... Continue reading

Champion Parts Purchases Second Automotive Air Conditioning Product Company

Champion Parts Purchases Second Automotive Air Conditioning Product Company

Acquires Beacon Sales & Distribution that Markets Automotive Air Conditioning Accumulators and Driers HOPE, Ark., Dec. 22 -- Champion Parts, Inc. (BULLETIN BOARD: CREB) , remanufacturer of automotive parts, announced today that it has acquired the assets of Beacon Sales & Distribution that recorded revenue of nearly $1 ... Continue reading

``Consumer Voice'' Survey Takes Consumer Pulse on Upcoming Auto Show Debuts, and a Host of Year-End Auto Trends

``Consumer Voice'' Survey Takes Consumer Pulse on Upcoming Auto Show Debuts, and a Host of Year-End Auto Trends

IRVINE, Calif.--Dec. 22, 2003-- Autobytel Survey Respondents Tell OEMs They Want Reliability and Safety, Not Tech and Entertainment Gizmos In anticipation of the upcoming auto show season, Autobytel, the most visited new car buying and research destination on the Web, asked its millions of monthly car-shopping visitors ... Continue reading

Delphi Secures $469 Million in Steering Column Business

Delphi Secures $469 Million in Steering Column Business

Delphi strengthens position as the largest steering column producer worldwide SAGINAW, Mich., Dec. 22 -- Delphi Corp. has strengthened its position as the leading global steering column producer by securing new business wins across North America, Europe and Asia Pacific. The new business secured represents a 51-percent ... Continue reading

California State Bar Dismisses Complaint Against Lisoni & Lisoni by Bridgestone/Firestone

California State Bar Dismisses Complaint Against Lisoni & Lisoni by Bridgestone/Firestone

LOS ANGELES--Dec. 22, 2003--Lisoni & Lisoni announced today that it has been informed by The State Bar of California that it has denied a request by Bridgestone/Firestone North American Tire (Bridgestone/Firestone) for the Bar to file a complaint against law firm Principals Joseph L. Lisoni (Lisoni) and Gail M. Lisoni ... Continue reading

U.S. to propose new fuel-economy standards

U.S. to propose new fuel-economy standards

NEW YORK, Dec 22, 2003; Reuters reported that the U.S. government is expected to propose an overhaul of fuel-economy standards that could pressure auto makers to improve fuel efficiency of sport utility vehicles, the Wall Street Journal said on Monday. The newspaper said that the National Highway Traffic Safety Adminis ... Continue reading

Lanxing, Ssangyong Motors to Sign MOU on Takeover

Lanxing, Ssangyong Motors to Sign MOU on Takeover

Seoul December 22, 2003; Bae Keun-min writing for the Korea Times reported that creditor banks of Ssangyong Motors and China's Lanxing Group will sign a memorandum of understanding (MOU) regarding the sale of the South Korean sports utility vehicle (SUV) maker on Monday in Seoul. The creditors, including Chohung Bank, ... Continue reading

More Japanese Cars Will NOT be Made In Japan Soon

More Japanese Cars Will NOT be Made In Japan Soon

TOKYO December 22, 2003; Nikkei reported that driven by brisk foreign sales, overseas production by Japanese auto manufacturers is expected to top 10 million units as early as 2005 and surpass their output in Japan, according to Monday's editions the Nihon Keizai Shimbun. With the automakers beefing up their investment ... Continue reading

Volvo to Exceed Projected Profit Budgeted

Volvo to Exceed Projected Profit Budgeted

STOCKHOLM, Dec 21, 2003; Reuters reported that Swedish car maker Volvo PV, a unit of U.S. Ford Motor Co. ), is heading for a full-year 2003 profit above budget of around five billion crowns ($650 million), a Swedish newspaper reported on Sunday. "We will deliver earnings in line with budget and a bit more," the busines ... Continue reading

Severstal Bids $285.5 Million for Rouge Industries

Severstal Bids $285.5 Million for Rouge Industries

DEARBORN, Mich., Dec. 21 -- Rouge Industries, Inc. announced today that its Board of Directors will recommend that the United States Bankruptcy Court for the District of Delaware approve the sale of substantially all of the assets of the Company to Severstal, Russia's second largest steelmaker. In the auction of the Co ... Continue reading

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