Mitsubishi Motors Debt Paid as Stock to Creditors
TOKYO, May 19, 2004; Reuters rported that two of Mitsubishi Motors Corp's creditors in the Mitsubishi group will decide as early as Wednesday to swap 130 billion yen ($1.14 billion) of debt owed by the auto maker into equity, Mitsubishi group sources said. The Bank of Tokyo-Mitsubishi (BTM) and Mitsubishi Trust & Banki ... Continue reading
BOSTON & SAN JOSE, Calif.--May 18, 2004-- Leading Communication and Response Center Companies Make High-Value Services Affordable for a Wide Range of Markets Cross Country Automotive Services (Cross Country), a leading provider of integrated vehicle and driver programs, and Aeris.net(R), a leading provider of machine-t ... Continue reading
ASG to Develop and Demonstrate Next-Generation Services BOSTON, May 18 -- Cross Country Automotive Services (Cross Country), a leading provider of integrated vehicle and driver programs, today announced the formation of Cross Country's Advanced Solutions Group. This newly established group is responsible for the develo ... Continue reading
Ericsson Awarded Bluetooth License Agreement By Wavecom
STOCKHOLM, Sweden--May 18, 2004--Ericsson Technology Licensing has signed an agreement with Wavecom for Bluetooth software. The agreement entails the licensing of the Ericsson Core Bluetooth Software Stack B-C3, with special features for the automotive industry. This functionality enables hands-free telephony without t ... Continue reading
Flexpoint Sensor Systems Begins Engineering Technology for Government Supplier
DRAPER, Utah--May 18, 2004--Flexpoint Sensor Systems, Inc. (Pink Sheets:FLXT) today announced they engineered and built a prototype floor mat that integrates the Bend Sensor(R) technology to analyze traffic in and out of secured locations. Flexpoint has reached an agreement with a provider of security to government age ... Continue reading
CHICAGO--May 18, 2004-- Company Announces Commitments to EPCglobal and RFID Standards In a bid to enable the many benefits available to the retail supply chain from Radio Frequency Identification (RFID), Global eXchange Services unveiled today its strategy to support electronic product code (EPC)-based information thro ... Continue reading
The Bush Campaign and the Media Use KVH TracVision to Stay in Touch on the Road
MIDDLETOWN, R.I.--May 18, 2004-- In-motion Satellite Systems from KVH Help Shorten News Cycle by Enabling Campaigns and Press to Make News and See it Live When President Bush's reelection campaign hit the road for a bus tour of the American heartland earlier this month, neither the President, members of the campaign, n ... Continue reading
ThyssenKrupp Budd Implementing Kaba Benzing B-COMM Time and Labor System for SAP Solutions
MIAMI LAKES, Fla.--May 18, 2004--Kaba Benzing, a subsidiary of $800 million Kaba Holding AG and worldwide leader in time and labor management systems, today announced that ThyssenKrupp Budd's chassis stamping and systems plant will begin implementing Kaba Benzing's B-COMM time and attendance and labor reporting softwar ... Continue reading
IMAGINE 2004 Student Fashion & Technology Show
Thursday, May 20 - Chicago Union Station - General Motors Cars on Display For the 25th year, IADT-Chicago hosts its annual student-run fashion show and awards ceremony for the general public. GM adds a novel twist with a student competition featuring clothing designs inspired by popular car models. WHEN: Thursday, May ... Continue reading
Magna y DaimlerChrysler Corporation firman un acuerdo sobre New Venture Gear
AURORA, Canada, May 18 -- Magna International Inc. (TSX: MG.A, MG.B; NYSE: MGA) y DaimlerChrysler Corporation han anunciado la firma de un acuerdo mediante el cual Magna adquirirá las operaciones mundiales de la filial de DaimlerChrysler Corporation, New Venture Gear Inc. (NVG). Las operaciones de EE UU se adquirirán ... Continue reading
AAA Chicago Expects Record Memorial Day Holiday Travel
AURORA, Ill., May 18 -- According to AAA, record numbers of Americans will travel this Memorial Day holiday despite record high gas prices. AAA estimates that 36.9 million Americans will travel 50 miles or more from home this holiday, a 3.6 percent increase from last year. Approximately 30.9 million travelers are expec ... Continue reading
TI Automotive Launches New Fuel Pump Line
LONDON, May 18 -- TI Automotive is investing more than 10 million pounds this year to launch production of an all-new dual-channel, single-stage (DCSS) fuel pump that provides dramatic improvements in efficiency and performance. "The new pump will strengthen TI Automotive's position as the auto industry's only supplier ... Continue reading
Avis Mini-Lease Program Does Away With the Age-Old Question 'Mom, Can I Borrow The Car?'
Mini-Lease Program Offers Parents an Easy Way to Get That Second Car $100.00 Limited-Time Savings Now Through June 25th PARSIPPANY, N.J., May 18 -- It's May and that signals the spring migration of college students returning home from college to live with Mom and Dad for the summer. With returning students comes the in ... Continue reading
Allied Holdings Files Quarterly Report on Form 10-Q For the Quarter Ended March 31, 2004
DECATUR, Ga., May 18 -- Allied Holdings, Inc. (AMEX:AHI) announced today that it has filed with the Securities and Exchange Commission its Quarterly Report on Form 10-Q for the quarter ended March 31, 2004. The consolidated statements of cash flows included with the Form 10-Q differ from the consolidated statements of ... Continue reading
Behr America Celebrates Opening of New Wind Tunnel, May 19
What: Official opening of a $15-million climatic wind tunnel in Troy, Mich. The Behr America wind tunnel is the most advanced facility of its kind in North America. When: Grand opening ceremonies begin at 10 a.m. on May 19, 2004. Behr executives will be available for Q & A immediately following the event. Behr America ... Continue reading
CSM Worldwide to Auto Suppliers: Limiting Business to North America Is a High-Risk Strategy
FARMINGTON HILLS, Mich., May 18 -- CSM Worldwide Inc., the leading provider of automotive market intelligence and forecasting, issued a clear message of caution to auto suppliers that focus solely on the North American market. At their annual Global Outlook briefing to an audience of supplier executives, CSM analysts s ... Continue reading
Delphi to Reach 1 Million Portable Satellite Receivers Sold
June Milestone gives Delphi 2.6 million total satellite radio receivers sold TROY, Mich., May 18 -- Delphi Corp. announced today it expects to reach the 1 million mark in sales of portable satellite radio receivers to retailers this June, covering both the Delphi XM SKYFi and Roady products. This milestone will bring D ... Continue reading
Diamond Powersports Sales up 50% for 1st Quarter Ended 2004
FORT LAUDERDALE, Fla., May 18 -- Diamond Powersports Inc. (BULLETIN BOARD: DPWS) is pleased to announce that the company released its financials for period ending March 31, 2004. In their report, Diamond Powersports showed a 50% increase in sales for 1st Quarter ended 2004 as compared to the prior year. Revenues increa ... Continue reading
Donaldson Company Leads Industry in Applying Patented Nanotechnology to Filtration Applications
MINNEAPOLIS--May 18, 2004--Donaldson Company Inc. , a leading worldwide provider of filtration systems and replacement parts, has recently been issued two patents by the U.S. Patent office related to its proprietary Ultra-Web(R) nanofiber filtration products. "The nanotechnology in these patents represents major breakt ... Continue reading
Enova Systems Reports 2004 First-Quarter Results and Other Notable Developments
TORRANCE, Calif.--May 18, 2004-- Company's Streamlining Efforts Achieve Major Reduction in Net Operating Loss; Enova's Heavy-Duty Hybrid Drive Systems Gaining Market Acceptance Enova Systems (OTCBB:ENVA) today announced financial results for its first quarter ended March 31, 2004. For the first quarter ended March 31, ... Continue reading
Harbour Consulting Delivers Lean Expertise to the U.S. Air Force
TROY, Mich., May 18 -- Harbour Consulting (formerly Harbour and Associates), a leader in lean practices for manufacturing industries, announced today that they are part of a team of companies selected by the United States Air Force Materiel Command (AFMC) to transform their maintenance, repair and overhaul (MRO) operat ... Continue reading
IRVINE, Calif.--May 18, 2004-- HiEnergy Places Orders for Key Components of first 10 CarBomb Finder(TM) Units HiEnergy Technologies, Inc. (OTCBB: HIET) is pleased to announce that it has entered into a Preliminary Manufacturing Facility Assessment Agreement with Western Division of Lockwood Greene Engineering and Const ... Continue reading
IFS and NEC Aggressively Target Automotive Market in China and Southeast Asia
SINGAPORE, May 18 -- IFS and NEC plan to jointly establish an Automotive Competence Center in Shanghai, China. The plan will be formally announced at IFS Asia Pacific Conference 2004, May 20-21 in Kunming, China. The Center will provide an integrated framework for customers and partners of IFS and NEC to perform protot ... Continue reading
JAC Products Honored with Ford's 2003 World Excellence Award
MADISON HEIGHTS, Mich., May 18 -- JAC Products received Ford Motor Company's Silver World Excellence Award for its superior performance in 2003. The World Excellence Awards provide annual recognition based on quality, cost and delivery performance. Forty-two suppliers from 16 countries won awards in various categories. ... Continue reading
EL DORADO HILLS, Calif.--May 18, 2004--J.M. Dutton & Associates updates its coverage of Riviera Tool Company (AMEX:RTC), maintaining a Buy rating with a $4.70 price target. The 8-page update report by J.M. Dutton senior analyst Paul Resnik, CFA is available at www.jmdutton.com as well as from First Call, Bloomberg, Zac ... Continue reading
Kevin Kirby Appointed Chief Information Officer at AIAG
SOUTHFIELD, Mich., May 18 -- Kevin Kirby has been named chief information officer (CIO) for the Automotive Industry Action Group (AIAG), one of the global automotive industry's largest trade organizations. Kirby will oversee the association's information technology systems in addition to systems for the association's n ... Continue reading
O'Reilly Automotive, Inc. Selects Evant Enterprise Information Management
Aftermarket Auto Parts Retailer to Leverage Evant Solution as Foundational Enterprise Data Repository and Synchronization Platform for New Initiatives SAN FRANCISCO, May 18 -- Evant, the leading provider of multi-channel planning and advanced replenishment solutions, announced today that O'Reilly Automotive, Inc. has s ... Continue reading
Sealtronix Expands Manufacturing Facility
WAUKESHA, Wis., May 18 -- Sealtronix Inc., a leading electrical and electronic component-sealing contractor, has expanded their Waukesha, Wis. facility. The expansion more than doubles the space available for continued growth and customer service. Sealtronix is part of the Casting Impregnators Group headquartered in Fr ... Continue reading
Stratasys CEO to Present at MicroCapital Investor Conference March 19 in San Francisco
MINNEAPOLIS--May 18, 2004--Stratasys, Inc. announced today its president and chief executive officer, Scott Crump, will present at the MicroCapital Third Annual Investor Conference in San Francisco on Wed., May 19. Further presentation details include: Where: The Omni San Francisco Hotel, 500 California Street, San Fra ... Continue reading
TBC Corporation to Present at Upcoming SunTrust Robinson Humphrey Investor Conference
PALM BEACH GARDENS, Fla., May 18 -- TBC Corporation , one of the nation's largest marketers of automotive replacement tires, today announced its participation at the SunTrust Robinson Humphrey 33rd Annual Institutional Investor Conference in Atlanta. The Company's presentation will be on Tuesday, May 25, 2004, beginnin ... Continue reading
TULSA, Okla., May 18 -- Thrifty Car Rental, a subsidiary of Dollar Thrifty Automotive Group, Inc. today kicks off its own signature frequency program, Blue Chip Rewards. The program, an enhancement to the company's Blue Chip Express Rental Program(R) promising expedited service, will reward Blue Chip members who elect ... Continue reading
TI Automotive Fuel Pump Meets Direct-Injection Challenge
LONDON, May 18 -- TI Automotive is introducing an all-new, dual-channel, single-stage (DCSS) line of fuel pumps that the company predicts will set a new industry standard for efficiency. Developed by a TI Automotive research and development team in the United States, the turbine pump is the first, cost-efficient fuel p ... Continue reading
Tower Automotive Announces Pricing of 5.75% Convertible Senior Debentures Offering
NOVI, Mich.--May 18, 2004--Tower Automotive, Inc. today announced the pricing of its Rule 144A private offering of $110 million aggregate principal amount of 5.75% convertible senior debentures. The debentures will mature in 2024, unless previously converted, redeemed or repurchased. The closing of the offering is expe ... Continue reading
CINCINNATI--May 18, 2004-- -- VMI Topic Covered in Keynote Presentations, General Sessions, and Best Practices Forums -- Enterprise Data Management Participates on Best Practices for Emerging Technologies Committee At the recent Council of Fleet Specialists (CFS) Executive Conference & HDDA Heavy Vehicle Aftermarket Sy ... Continue reading
Visteon Supply Chain Directors to Speak at Autologistics Asia Conference in Shanghai
SHANGHAI, China, May 18 -- Two supply chain directors from Visteon Corporation will speak on global supply chain challenges and opportunities at the Autologistics Asia 2004 Conference May 19-20, 2004, in Shanghai, China. (Logo: http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO ) Mika Mostert, Visteon's director o ... Continue reading
FOR IMMEDIATE RELEASE CONTACT: Justin Anderson, Interim Public Relations Manager, ph: 704-348-9400, cellular 704-589-2100 DALZIEL LOOKS TO EXTEND POINTS LEAD; GOES FOR SEVENTH STRAIGHT PODIUM FINISH IN LONE TOYOTA ATLANTIC APPEARANCE IN MEXICO AT TECATE/TELMEX MONTERREY GRAND PRIX INDIANAPOLIS (May 18, 2004) Leading ... Continue reading
Nationwide Gas Price Surges to New Highs as Motorists Plan Memorial Day Trips, AAA Reports
ORLANDO, Fla.--May 18, 2004--The national average price of self-serve regular gasoline is within a whisker of $2 per gallon at $1.999, according to AAA's daily, online Fuel Gauge Report (www.fuelgaugereport.com). The average national price is now 49.6 cents per gallon higher than it was one year ago when the average pr ... Continue reading
WASHINGTON--May 18, 2004-- World-Class Travel Information Gives Members and Non-Members Alternative to MapQuest and Other Travel-Planning Sites AAA, the nation's largest organization for motorists, today announced plans to make its world-class routing and mapping technology available to all Internet users through a new ... Continue reading
Parts Plus Honored By SBC Communications
Parts Plus Honored By SBC Communications For Immediate Release WHITE PLAINS, N.Y./EWORLDWIRE/May 18, 2004 --- Commitment to excellence has earned Parts Plus recognition as an outstanding supplier to SBC Communications Inc. , one of the world's leading data, voice and Internet services providers. "SBC is proud of its lo ... Continue reading
ZAP's Signs Exclusive Manufacturing and Distribution Agreement for First Production Electric ATVs
SANTA ROSA, Calif., May 18 -- Transportation pioneer ZAP (BULLETIN BOARD: ZAPZ) announced today that it is rolling out a new line of electric-powered all-terrain vehicles (ATVs), including two four-wheeled models that the Northern California Company believes are the first production ATVs available in the world. Last we ... Continue reading
Visteon Promotes Engineering Excellence Through FutureTruck Competition
DEARBORN, Mich., May 18 -- Visteon Corporation is proud to be a major sponsor of FutureTruck 2004, a program that challenges teams of engineering students from 15 top North American universities to re-engineer 2002 Ford Explorers to reduce emissions and achieve at least a 25 percent improvement in fuel economy. (Logo: ... Continue reading
DEERFIELD, Ill., May 18 -- Today, Jim Beam(R) announced the winner of the Jim Beam/Indy 500 Sweepstakes, which gives one lucky fan the chance to win one million dollars if Dan Wheldon -- the 2003 IndyCar(R) Series Rookie-of-the-Year and current points leader -- wins the Indianapolis 500. Jim Beam is a co-major sponsor ... Continue reading
Trying a Zipcar Could Improve Your Sex Life
- Sex Drive Takes on a New Meaning - CAMBRIDGE, Mass., May 18 -- For less than the price of a New York City taxi ride, Zipcar members may actually improve their sex lives, according a survey conducted by a new magazine, Men's Car. Get up and go just took on a whole new meaning. The survey of 2,253 motorists found that ... Continue reading
TEN Magazines Announces Partnership With InsWeb
InsWeb Will Exclusively Provide Insurance Services to TEN Magazines' Network of 2 Million Car and Truck Enthusiasts CORONA, Calif., May 18 -- TEN Magazines, home of the largest online network of car and truck enthusiasts and publisher of four truck enthusiast magazines, today announced an agreement with InsWeb , one of ... Continue reading
HOUSTON--May 18, 2004--Indicating a strengthening of the economy and pent up demand for leisure travel, Texans are booking more trips and expressing more confidence in traveling, according to an analysis by AAA Texas. In the first 4 1/2 months of 2004, the AAA Travel offices of AAA Texas booked 51.4 percent more cruise ... Continue reading
SANTA MONICA, Calif., May 18 -- Edmunds.com (http://www.edmunds.com/), the premier online resource for automotive information, reported today that the average manufacturer incentive per vehicle sold in the United States was $2,367 in April 2004, up $80, or 3.5%, from April 2003, and down $12, or 0.5%, from March 2004. ... Continue reading
AAA Projects Record Holiday Travel Despite Record High Gas Prices
WASHINGTON--May 18, 2004--Record numbers of Americans will travel this Memorial Day holiday despite record high gas prices, according to AAA. AAA estimates that 36.9 million Americans will travel 50 miles or more from home this holiday, a robust 3.6 percent increase from last year. Approximately 30.9 million travelers ... Continue reading
GUANGZHOU, China, May 18, 2004; Tony Munroe writing for Reuters reported that Nissan Motor Co, unfazed by talk of overinvestment in China, on Tuesday opened a joint venture sedan plant -- part of a spending spree by auto makers gunning for a piece of the world's fastest growing major car market. "Yes, overcapacity is a ... Continue reading
Young Japaneses Drivers Keep Sales Brisk
TOKYO May 17, 2004; Yuri Kageyama writing for the AP reported that with video games, baby strollers and manicure kits to welcome visitors, dealers at a Toyota showroom in suburban Tokyo are working to convince buyers that today's models have nothing to do with their parents' boring old cars. "We try to create a warm fe ... Continue reading
Diamond Triumph Auto Glass, Inc. Announces First Quarter 2004 Results
KINGSTON, Pa., May 17 -- Diamond Triumph Auto Glass, Inc. announced today that net sales for the quarter ended March 31, 2004 decreased $0.7 million, or 1.3%, to $53.4 million as compared to $54.1 million for the quarter ended March 31, 2003. Net income for the quarter ended March 31, 2004 decreased by $0.8 million to ... Continue reading
Magna and DaimlerChrysler Corporation Sign Agreement Concerning New Venture Gear
AURORA, Canada and AUBURN HILLS, Michigan, May 18 -- Magna International Inc. (TSX: MG.A, MG.B; NYSE: MGA) and DaimlerChrysler Corporation announced today that they have signed an agreement by which Magna would acquire the worldwide operations of DaimlerChrysler Corporation's wholly-owned subsidiary, New Venture Gear, ... Continue reading
University Of Toyota, New York University, Form Learning Alliance
Partnership Combines Learning and Development Initiatives to Advance the Visions of Both Institutions TORRANCE, Calif., May 17 -- The University of Toyota's School of Retail Professional Development (SRPD) and New York University's Corporate Learning Services (CLS), a division of its School of Continuing and Profession ... Continue reading
GM SPO Facilities Support Clinton River Monitoring
GRAND BLANC, MICH. May 17, 2004; General Motors Service & Parts Operations (GM SPO) facilities in Oakland County are lending a hand to study the quality of the Clinton River and its tributaries by participating in the Stream Leaders program coordinated by the Clinton River Watershed Council (CWRC). Other GM facilities, ... Continue reading
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