Visteon Corp. and United Auto Workers Sign Seven-Year Supplemental Labor Agreement
DETROIT May 6, 2004; John Porretto writing for the AP reported that Visteon Corp. and the United Auto Workers signed a seven-year supplemental labor agreement Thursday that allows the world's second-largest automotive supplier to pay new hires represented by the UAW far less than current workers. The two sides announce ... Continue reading
Vehicle Recalls March 2004 - Complete List
NHTSA Publishes List of March 2004 Recalls The National Highway Traffic Safety Administration (NHTSA) today released a list of March 2004 auto safety recalls announced and urged consumers to have the problems fixed promptly. This list identifies the make and model of the vehicle or equipment involved, with a brief desc ... Continue reading
Three SUVs Get Top Ratings in NHTSA Crash Tests- Plus Complete Results
DETROIT, May 5, 2004; Reuters reported that only three 2004 model year sport utility vehicles earned perfect scores in the latest series of U.S. government frontal and side-impact crash tests, federal safety regulators said on Wednesday. The National Highway Traffic Safety Administration said the Infiniti FX, Saturn Vu ... Continue reading
Three SUVs Get Top Ratings in NHTSA Crash Tests- Plus Complete Results
DETROIT, May 5, 2004; Reuters reported that only three 2004 model year sport utility vehicles earned perfect scores in the latest series of U.S. government frontal and side-impact crash tests, federal safety regulators said on Wednesday. The National Highway Traffic Safety Administration said the Infiniti FX, Saturn Vu ... Continue reading
Japan April 2004 Vehicle Sales: Mini's Up, Others Down
TOKYO, May 6, 2004; Reuters reported that Japan's industry-wide auto sales, including 660cc minivehicles, fell 0.6 percent in April from a year earlier to 377,143 vehicles, industry data showed on Thursday. A breakdown of domestic vehicle sales data follows, with year-on-year percentage changes in parentheses. YEAR-TO- ... Continue reading
After Slower-Than-Expected April Sales, Ford Launches New Incentives on Its SUVs and Minivans
DEARBORN, Mich. May 6, 2004; The AP reported that after slower-than-expected April sales, Ford Motor Co. has launched new incentives of $1,000 plus no-interest financing on its sport utility vehicles and minivans. The program is called "The Choice" and gives buyers alternative incentives on the vehicles. Buyers of the ... Continue reading
GM Adds U.S. Incentives on Midsize SUVs, Ford Changes Incentives
DETROIT May 6, 2004; Reuters reported that General Motors added new incentives on its midsize sport utility vehicles following new offers by competitors and weaker-then-expected U.S. sales in April. GM's new incentives include $1,000 cash back plus zero percent financing for loans of up to five years, which can be comb ... Continue reading
Research and Markets: Automotive - The Global Market for Navigation Systems
DUBLIN, Ireland--May 6, 2004--Research and Markets (http://www.researchandmarkets.com) has announced the addition of The global market for navigation systems to their offering. Navigation technology is ready to go offboard so that constantly updated maps can be downloaded to the car with turn-by-turn voice guidance on ... Continue reading
Bell Industries Reports Improved Operating Results for 2004 First Quarter
EL SEGUNDO, Calif.--May 6, 2004--Bell Industries, Inc. (AMEX:BI) today reported improved net revenues and operating results in each of its business units for the first quarter ended March 31, 2004. Consolidated net revenues for the quarter rose seven percent to $34.4 million from $32.1 million in the prior-year period. ... Continue reading
New Country Audi Hosts New Facility Launch and 2005 A6 Unveiling
World's Top Audi Dealership Never Follows Who: * Vice President of Audi of America Axel Mees and other Audi executives * Dealership owner and New Country Motor Car Group entrepreneur Michael Cantanucci * Hundreds of loyal customers What: New facility launch and unveiling of Audi's 2005 A6 with possible interviews about ... Continue reading
Plug Power Announces Shareholder Meeting
LATHAM, N.Y., May 6 -- Plug Power Inc. will hold its Annual Shareholders Meeting, Thursday, May 20, 2004, 10:00 am at the Albany Marriott, 189 Wolf Road, in Albany, N.Y. Dr. Roger Saillant, Plug Power's President and Chief Executive Officer, will review the Company's current market adoption strategy which will include ... Continue reading
Sen. Alexander and Rep. Knollenberg Honored by Automotive Suppliers
RESEARCH TRIANGLE PARK, N.C., May 6 -- Sen. Lamar Alexander (R-Tenn.) and Rep. Joe Knollenberg (R-Mich.) were honored as the winners of the first-ever Joseph M. Magliochetti Industry Champion Award, presented by the Motor & Equipment Manufacturers Association (MEMA) on May 5. The award, which honors the work of legisla ... Continue reading
Toyota Honors Hayes Lemmerz with the Distinguished Supplier Award
NORTHVILLE, Mich., May 6 -- Hayes Lemmerz International, Inc. announced that it received three prestigious quality awards at the Toyota Motor Europe Manufacturing supplier awards ceremonies recently held in Brussels, Belgium. (Logo: http://www.newscom.com/cgi-bin/prnh/20010522/HLILOGO ) Toyota Motor Europe Manufacturin ... Continue reading
Universal Automotive Appoints Two New Managers
ALSIP, Ill., May 6 -- Universal Automotive Industries, Inc. today announced the appointment of Larry Newman and Arnold Slutsky to managerial positions at the company's Autospecialty division. Larry Newman joins Autospecialty's Undercar Products Group as sales team program group manager. Larry brings more than 20 years ... Continue reading
Foamex International Announces First Quarter 2004 Results
LINWOOD, Pa.--May 6, 2004--Foamex International Inc. , the leading manufacturer of flexible polyurethane and advanced polymer foam products in North America, today announced its 2004 first quarter results. Results Sales & Gross Profit Net sales for the first quarter of 2004 were $313.6 million, down 4% from $328.2 mill ... Continue reading
Valeo Raytheon Systems obtiene su primer contrato para un sistema de Detección en el Angulo Muerto
PARIS, Francia, May 6 -- Valeo Raytheon Systems ha anunciado hoy la obtención de su primer contrato de producción para su sistema de Detección en el Angulo Muerto con uno de los más importantes fabricantes de automóviles norteamericanos. La producción de este innovador sistema basado en tecnología radar, que se ... Continue reading
Mazda North American Operations Announces Organizational Appointments
IRVINE, Calif., May 6 -- Mazda North American Operations (MNAO) recently announced the appointment of Peter Donnelly to Director, Dealer Affairs. In this position, Donnelly will be responsible for coordinating a wide range of focused communications and interactions with the Mazda dealer body as well as overseeing Mazda ... Continue reading
XM Satellite Radio Holdings Inc. Announces First Quarter 2004 Results
Adds 320,000 Subscribers, Ends Quarter at 1.68 Million Quarterly Revenue Exceeds Fixed Expenses for the First Time Cost Per Gross Addition Reduced to $106 Strengthens Balance Sheet and Improves Cost of Capital WASHINGTON, May 6 -- XM Satellite Radio Holdings Inc. today reported strong financial and operating results fo ... Continue reading
Auto Dealers and Manufacturers Fight to Allow New York Consumers to Affordably Lease Vehicles
Leasing Declined in New York 36% in 2003 -- Twice the National Decline -- Because of the State's Antiquated Vicarious Liability Law NY Consumers Paid $132 Million More Last Year as a Result of the Law; Automobile Dealers Detail the Cost of this 'Trial Lawyers' Tax' NEW YORK, May 6 -- Vicarious liability -- the antiquat ... Continue reading
Collins & Aikman Announces First Quarter Financial Results And Record First Quarter Sales
TROY, Mich., May 6 -- Collins & Aikman Corporation (C&A) today reported results for the first quarter ended March 31, 2004. The company reported record first quarter net sales in 2004 of $1.066 billion compared to $1.035 billion in the first quarter of 2003, a 3% increase which mainly reflects improved currency impact. ... Continue reading
Ballard and Alpha Technologies to Develop Fuel Cell Backup Power Systems for Cable Companies
VANCOUVER, British Columbia--May 6, 2004--Ballard Power Systems (TSX: BLD) and Alpha Technologies Limited - a Burnaby, British Columbia based member of The Alpha Group, and leading supplier of broadband uninterruptible power supply systems for the Canadian cable television market - have signed a memorandum of understan ... Continue reading
UAW and Visteon Finalize Supplemental Agreement
DEARBORN, Mich., May 6 -- Visteon Corporation and the United Auto Workers today signed a seven-year Visteon Supplemental Agreement covering new hires at Visteon's UAW Master Agreement facilities. The two parties announced a tentative agreement April 29. Under the agreement, Visteon will hire new employees at wage and b ... Continue reading
Sears Reports April Comparable Store Sales
HOFFMAN ESTATES, Ill., May 6 -- Sears, Roebuck and Co. announced today that comparable domestic store revenues decreased 1.8 percent for the four weeks ended May 1, 2004. Total domestic store revenues were $1.94 billion for the four-week period in April 2004, down 2.8 percent compared with the four weeks ended May 3, 2 ... Continue reading
SIRIUS Satellite Radio New Executive Appointments
- Scott Greenstein Named President, Entertainment and Sports - James E. Meyer Named President, Operations and Sales NEW YORK, May 6 -- SIRIUS Satellite Radio , known for delivering the very best in commercial-free music and premium sports programming to cars and homes across the country, today announced that it has app ... Continue reading
April is 'The Best Month Ever' for Diamond Powersports
Diamond has Record Sales and Gross Profits for the Month of April FORT LAUDERDALE, Fla., May 6 -- Diamond Powersports Inc. (BULLETIN BOARD: DPWS) CEO Pierre Elliott is pleased to announce that the company has just finished their "Best Month Ever" for sales and gross profits. April is the fifth consecutive record month ... Continue reading
Mazda RX-8 Receives Highest-ever Mark in Brake Quality Test of Fiscal 2003 Vehicle Assessment
Tokyo (JCNN) - Mazda Motor announced on April 27 that in the Fiscal 2003 Vehicle Assessment conducted by Japan's Ministry of Land, Infrastructure, and Transport, its Mazda RX-8 received a highest-ever mark in the brake quality test on dry roads, with a minimal stopping distance of 38.6m. The 4-door, 4-seater sports car ... Continue reading
Mitsubishi Motors Raided by Police on Truck Accident
Tokyo May 6, 2004; Bloomberg reported that Mitsubishi Motors Corp. and affiliate Mitsubishi Fuso Truck & Bus Corp. were raided by police investigating whether the automakers falsified reports on faults blamed for 50 accidents and one death, police said. Mitsubishi Motors stock fell 7 percent. The raid on the companies' ... Continue reading
DENSO Oakland Schools Education Foundation Announces Scholarship Winners
A Total of $30,000 Awarded SOUTHFIELD, Mich., May 5 -- DENSO International America, Inc. awarded 24 students of Oakland County a total of $30,000 in academic scholarships through the DENSO Oakland Schools Education Foundation (DOSEF). DENSO awarded 12 $1,500 academic scholarships to each of the following Oakland County ... Continue reading
eAutoclaims Announces the Closing of $1.6 Million in New Financing
OLDSMAR, Fla., May 5 -- eAutoclaims (BULLETIN BOARD: EACC) announced today the closing of approximately $1.6 million in new financing. Of the $1.6 million, $1.35 million was a sale of equity to multiple investors at $0.28 per share and $250,000 was an 8% convertible debenture from one of the Company's Directors. Both t ... Continue reading
Gentex Three-Mirror System Debuts in Korea
ZEELAND, Mich., May 5 -- Gentex Corporation , the leading supplier of automatic-dimming mirrors to the worldwide automotive industry, has begun shipping interior and exterior automatic-dimming mirrors for the new Chairman, SsangYong Motors' luxury sedan. The Chairman is sold primarily in Korea, with exports to the Midd ... Continue reading
U.S. Air Force Research Laboratory Selects Uni-Solar Ovonic to Supply Solar Cells for Satellite
First Deployment of Thin-Film Solar Cells to Provide 3 kW of Power to Satellite AUBURN HILLS, Mich., May 5 -- United Solar Ovonic Corp. (Uni-Solar Ovonic) today announced that it has been selected by the Air Force Research Laboratory (AFRL) in Kirtland AFB, New Mexico, to provide 3 kW of UNI-SOLAR(R) lightweight solar ... Continue reading
Arctic Cat to Host Fiscal 2004 Fourth-Quarter Conference Call on May 13
THIEF RIVER FALLS, Minn.--May 5, 2004--Arctic Cat Inc. announced today that it will host a live Webcast of its fiscal 2004 fourth-quarter and full-year earnings conference call on Thursday, May 13, at 10:30 a.m. CT (11:30 a.m. ET), following the release of its earnings before the stock market opens that day. Christophe ... Continue reading
WOODCLIFF LAKE, N.J., May 5 -- BMW of North America, LLC has purchased property adjacent to its US headquarters in order to accommodate the company's growing workforce. The property, which includes a 130,000 square- foot office building on 45 acres of land, will be used to create an 85-acre headquarters campus to accom ... Continue reading
CLAYTON, Ala.--May 5, 2004--Boyd Bros. Transportation Inc. today reported financial results for the first quarter ended March 31, 2004. For the quarter, the Company's operating revenues rose 6% to $34,617,390 from $32,577,476 in the year-earlier quarter. Pre-tax income for the first quarter was $647,633 compared with $ ... Continue reading
Bristol West Announces Dividend, First Quarter Earnings Release Date and Conference Call Details
DAVIE, Fla., May 5 -- Bristol West Holdings, Inc. today announced that its Board of Directors has declared a dividend of $0.05 per share payable on or before June 2, 2004 to all shareholders of record as of May 19, 2004. Bristol West will be reporting its first quarter earnings after the close of the securities markets ... Continue reading
Capital Automotive Announces Planned Convertible Notes Offering
MCLEAN, Va., May 5 -- Capital Automotive REIT , the nation's leading specialty finance company for automotive retail real estate, today announced that it will file with the Securities and Exchange Commission a preliminary prospectus supplement to a shelf registration statement for the public offering of $100 million of ... Continue reading
Carlisle Companies Declares Regular Quarterly Dividend
CHARLOTTE, N.C.--May 5, 2004--The Board of Directors of Carlisle Companies Incorporated has declared a regular quarterly dividend of $0.22 per share, payable on June 1, 2004 to shareowners of record at the close of business on May 17, 2004. Carlisle is a diversified global manufacturing company serving the transportati ... Continue reading
CIBER Brings Mopar's(R) Dealer-to-Dealer System to Canada
CIBER-Developed U.S. Version of System Saves Millions in Cost for Dealers GREENWOOD VILLAGE, Colo., May 5 -- CIBER, Inc. today announced it has completed the Canadian rollout of a Dealer-to-Dealer (D2D) application for Mopar(R), the after-market automotive parts division of the DaimlerChrysler Corporation. The CIBER-de ... Continue reading
TROY, Mich., May 5 -- Collins & Aikman Corporation , today announced that its wholly owned subsidiary, Collins & Aikman Products Co. ("Products"), intends to offer senior subordinated notes due 2014 for gross proceeds of approximately $400 million and senior notes due 2011 for gross proceeds of approximately $100 milli ... Continue reading
CTS Prices $60 Million of Convertible Senior Subordinated Notes
ELKHART, Ind.--May 5, 2004--CTS Corporation today announced the pricing of its offering of $60 million of Convertible Senior Subordinated Notes due 2024. The notes are general unsecured senior subordinated obligations of CTS and will only be offered or sold to qualified institutional buyers within the United States in ... Continue reading
Fitch Rates Rental Car Finance Corp.'s Asset-Backed Notes
NEW YORK--May 5, 2004--Fitch rates Rental Car Finance Corp. Floating Rate Rental Car Asset Backed Notes, series 2004-1, as listed below: -- $500,000,000 class A floating-rate rental car asset-backed notes 'AAA'. The class A notes were issued with a 43-month revolving period and a six-month controlled amortization perio ... Continue reading
Manufacturer of Vehicle Interior Systems and Batteries Receives Four Ford World Excellence Awards at Event PLYMOUTH, Mich., May 5 -- Johnson Controls was recognized by the Ford Motor Company with four 2003 World Excellence Awards, honoring the company as one of the automaker's top suppliers in the world for its perform ... Continue reading
Health & Safety Excellence: New Study Reveals Tactics for Improving Efficiency of H&S Organizations
CHAPEL HILL, N.C.--May 5, 2004--At least 75% of Health & Safety organizations in the utility industry experienced decreased budgets and operations resources in the past two years, according to a new benchmark study by Best Practices, LLC. This pressure has forced H&S organizations to refine and streamline their structu ... Continue reading
IMPCO Reports Favorable First Quarter 2004 Results
CERRITOS, Calif., May 5 -- IMPCO Technologies, Inc. , today reported results for its first quarter ended March 31, 2004. IMPCO's first quarter fiscal 2004 results were $28.6 million in revenues and $2.4 million in operating income as compared to $19.6 million in revenues and $1.1 million in operating income in the same ... Continue reading
DES PLAINES, Ill.--May 5, 2004--Littelfuse, Inc. today announced that it has entered into a definitive agreement to acquire an 82% stake in Heinrich Industrie AG for EUR 39.5 million (approximately $47.2 million) in cash. Closing of the transaction is expected to take place on May 6, 2004. Littelfuse will purchase the ... Continue reading
Modine Reports an 18% Growth in Sales and a 55% Increase in Earnings for the Fourth Quarter
RACINE, Wis.--May 5, 2004--Modine Manufacturing Company today reported notably stronger financial results for the fourth quarter and fiscal year ended March 31, 2004. Sales for the fourth quarter increased 18% to $321.0 million from $272.6 million for the same period one year ago. This is the second consecutive quarter ... Continue reading
NASHVILLE, Tenn., May 5 -- The Paper, Allied-Industrial, Chemical and Energy Workers Intl. Union (PACE) was informed today that a complaint lodged against it by Taiwanese-owned Continental Carbon -- aimed at stopping its campaign that targeted Cooper Tire dealers over safety concerns -- has been dismissed by the Nation ... Continue reading
Pratt & Whitney Canada PW610F Engine to Power Eclipse 500 Achieves First Run Milestone
LONGUEUIL, Quebec--May 5, 2004--Pratt & Whitney Canada Corp. (P&WC) has successfully completed the first run of its new PW610F turbine engine selected by Eclipse Aviation Corporation to power the twin-engine Eclipse 500 Very Light Jet (VLJ). The PW610F engine, the smallest member of P&WC's newest engine family, the PW6 ... Continue reading
TEAM MOPAR TO MAKE APPEARANCE DURING "BIG M MOTORFEST"
NEWS RELEASE May 5, 2004 FOR IMMEDIATE RELEASE TEAM MOPAR CONTACT: Misha Geisert J.R. Thompson Company (317) 432-4110 MoparPR@aol.com TEAM MOPAR TO MAKE APPEARANCE DURING "BIG M MOTORFEST" Center Line, Mich. - Mopar's Jay Drake, Cory Kruseman and the Tony Stewart Racing Enterprises team will make an appearance at Lande ... Continue reading
Tecnomatix to Present at The Piper Jaffray Sixth Annual Technology Conference
HERZLIA, Israel, May 5 -- Tecnomatix Technologies Ltd. , the driving force in Manufacturing Process Management (MPM), is scheduled to present at the Piper Jaffray Sixth Annual Technology Conference in New York City on Wednesday, May 19, 2004. Oren Steinberg, Chief Financial Officer and Executive Vice President, will be ... Continue reading
Visteon Amplifies its Audio and Multimedia Profile
SAO PAULO, Brazil, May 5 -- Visteon Corporation introduced a new line of automotive aftermarket equipment from Compact Discs (CDs) and Digital Versatile Discs (DVD) players to amplifiers, speakers and more at the Visteon mobile electronics press briefing today in Sao Paulo, Brazil. These in-vehicle entertainment produc ... Continue reading
Visteon Renews Its Partnership With Kenwood Brazil Until 2010
SAO PAULO, Brazil, May 5 -- Visteon Corporation is extending its partnership with Kenwood Corp. The two companies will supply the Mexican market starting in the second half of 2004 with the complete portfolio of Kenwood's audio products for the automotive aftermarket. (Logo: http://www.newscom.com/cgi-bin/prnh/20001201 ... Continue reading
Stremme Back in Familiar Territory for Gateway
FOR IMMEDIATE RELEASE CONTACT: Spencer Andrews Braun Racing (704) 799-1118 spencer@braunracing.com Stremme Back in Familiar Territory for Gateway Madison, IL (May 5, 2004) â“ TRIMSPA driver David Stremme has Busch Series racing experience at only two of the nine tracks he has visited thus far on the 2004 circu ... Continue reading
Johnson Controls Teams Up With PhatNoise for Railport Vehicle Personalization System Module
Companies Introduce the First Hard Drive-Based Digital Media Product for the Railport System PLYMOUTH, Mich. and LOS ANGELES, May 5 -- Today, officials at automotive supplier Johnson Controls and PhatNoise, Inc. announced that the companies are working together to develop the PhatNoise(R) Digital Media Player Module fo ... Continue reading
Vetronix Nominated for Prestigious ``Best Commercial Vehicle Solution'' Award by Telematics Update
SANTA BARBARA, Calif.--May 5, 2004-- Mastertrak(TM) Fleet Solutions Provides Fleet Managers with Comprehensive Vehicle Tracking, Remote Diagnostics, Productivity/Logistics, Safety, Security and Fuel Management Tools Vetronix Corporation is proud to announce that its Mastertrak(TM) Fleet Solutions has been nominated for ... Continue reading
Tesma announces first quarter results and New Executive Appointments
CONCORD, ON, May 4 -- Tesma International Inc. (TSX:TSM.A; NASDAQ:TSMA), a global supplier of highly-engineered engine, transmission and fuel system components, modules and systems for the automotive industry, today reported financial results for the first quarter ended March 31, 2004. Three Months Ended March 31 (U.S. ... Continue reading
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