2005 Car Review: Toyota Corolla XRS
DRIVING DOWN THE ROAD WITH CAREY RUSS 2005 Toyota Corolla XRS ``High-performance Toyota Corolla.'' Sounds like a classic oxymoron, a combination of contradictory words, right? The Corolla has an enviable reputation for reliability and solid construction, very positive attributes in the compact sedan class, where depend ... Continue reading
Leno's 1000 Horsepower Toronado (Video Enhanced Story)
October 2004 (Newstream) -- Restoring hot rods and restoring classic cars isn't just for extreme car nuts anymore. In fact, with resources they didn't have 30 years ago, more car owners are custom-building their own vehicles at a growing rate. Just ask late night talk show king Jay Leno. Leno has been collecting new ca ... Continue reading
KleenAir Systems Expands Strategic Partnership with Dinex A/S
IRVINE, Calif.--Oct. 28, 2004--KleenAir Systems, Inc. (OTCBB:KAIR-News) announced today that its UK affiliate has signed license and supply agreements with Dinex A/S, one of the leading European suppliers of automotive after-market exhaust products and emission control systems. Over the past two years Dinex and KleenAi ... Continue reading
National Speed Sport News Taps Jim Savas as Publisher
Long Tenure of Success in Automotive Industry Leads to Appointment CHARLOTTE, N.C., Oct. 28 -- National Speed Sport News, the country's oldest weekly auto racing publication, is proud to announce the appointment of Jim Savas as publisher. "Jim has done a phenomenal job of expanding the reach of automotive publishing in ... Continue reading
MOTOR TREND Announces Winners of 6th Annual International Automotive Design Contest
ANAHEIM, Calif.--Oct. 28, 2004-- World Renowned Automotive Designers from Ford, General Motors and Mitsubishi to be in Attendance; Winners Unveiled At California International Auto Show MOTOR TREND, the world's number one automotive authority, and the California International Auto Show (CIAS), today announced the winne ... Continue reading
Free Clinic Offers Young Women Safe Driving Strategies, Auto Care Basics
SILVER SPRING, Md., Oct. 28 -- The following is being issued by Safe Smart Women: WHAT: Fatality data show that crash rates for young drivers are on the rise. In the Washington, DC area alone, more than a dozen young drivers have been killed on the roads in the past few weeks. For young women, fatal crash rates have ri ... Continue reading
Auto Dealers: Weather Affected Financial Results
DETROIT, Oct 28, 2004; Michael Ellis writing for Reuters reported that three large car dealership companies posted weaker quarterly earnings, blaming the hurricanes that hit the U.S. Southeast this summer or costly incentives used to boost sales. A fourth car dealer, UnitedAuto Group Inc. reported a 28 percent rise in ... Continue reading
OOPS: DaimlerChrysler to review all options for Smart
FRANKFURT, Oct 28, 2004; Reuters reported that DaimlerChrysler will consider "all potential alternatives" for its loss-making Smart brand of compact cars, finance chief Manfred Gentz said on Thursday. ... Continue reading
ArvinMeritor Announces Plans to Divest Light Vehicle Aftermarket and Coil Coating Businesses
Company to focus resources to better support global OEM customers TROY, Mich., Oct. 28 -- ArvinMeritor, Inc. today announced its plans to divest the company's Light Vehicle Aftermarket (LVA) business group and to take a non-cash goodwill impairment charge of $190 million, or $2.77 per diluted share, in its LVA business ... Continue reading
Peiker Settles Cellport Lawsuit; Acquires Worldwide License for Patented Telematics Technology
Cellport's Plug & Play Personal Telematics Architecture Issued to European Equipment Manufacturer for 2-Part Hands-Free Products BOULDER, Colo., Oct. 28 -- Cellport Systems, creator of the wireless phone Personal Telematics patent portfolio, announced the company has reached a settlement with Peiker acustic GmbH & Co. ... Continue reading
American Axle & Manufacturing Reports Third Quarter 2004 Earnings of $0.68 Per Share
Reconfirms 2004 Full-year earnings outlook of $3.40 - $3.50 per share DETROIT, Oct. 28 -- American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, today reported sales and earnings for the third quarter of 2004. Third Quarter 2004 highlights * Third quarter net sales of $841.6 million * S ... Continue reading
GrafTech International Reports 2004 Third Quarter Results
WILMINGTON, Del.--Oct. 28, 2004--GrafTech International Ltd. today announced financial results for the third quarter ended September 30, 2004. 3rd Quarter Overview -- As previously announced, the Company elected and implemented a tax planning strategy that, together with the recent enactment of the American Jobs Creati ... Continue reading
Supreme Industries Reports Third-Quarter and First Nine-Month Results
GOSHEN, Ind.--Oct. 28, 2004--Supreme Industries, Inc. -- (AMEX:STS), a leading manufacturer of specialized vehicles including truck bodies and shuttle buses, today announced financial results for the 2004 third-quarter and nine-month periods ended September 25, 2004, over the same periods of last year. The Company reco ... Continue reading
Spartan Motors Announces Record Net Sales, Higher Net Income in Third Quarter 2004
CHARLOTTE, Mich., Oct. 28 -- Spartan Motors, Inc. today announced that increased sales of RV and fire truck chassis resulted in the Company's strongest quarterly sales ever and a 29.5 percent increase in net earnings in the third quarter of 2004 compared to the prior year. The Charlotte, Mich.-based manufacturer of cus ... Continue reading
New York City's Computerized Parking Tickets are a Billon Dollar Trick
Errors, omissions, goblins and glitches . . . are computerized parking tickets a billion dollar trick? NEW YORK, Oct. 28 -- According to Martha E. Stark, Commissioner of the New York City Parking Violations Bureau, computerized parking tickets will make it nearly impossible for Agents to make errors. Glen Bolofsky, Pre ... Continue reading
ITASCA, Ill.--Oct. 28, 2004--Midas, Inc. reported net income of $2.1 million--or $0.13 per diluted share--for the third quarter ended Oct. 2, 2004, the company's second consecutive quarter of positive net results. In 2003, Midas reported a net loss of $11.8 million--or $0.76 per share--for the third quarter, after busi ... Continue reading
Lancaster Colony Reports First Quarter Sales and Earnings
COLUMBUS, Ohio, Oct. 28 -- Lancaster Colony Corporation today reported record net sales of $281 million for the first fiscal quarter ended September 30, 2004, a six-percent increase over first quarter sales of $267 million last year. Net income was $18,378,000 versus $19,700,000 in the corresponding quarter a year ago. ... Continue reading
Asbury Automotive Group Reports Third Quarter Financial Results
NEW YORK, Oct. 28 -- Asbury Automotive Group, Inc. , one of the largest automotive retail and service companies in the U.S., today reported financial results for the quarter ended September 30, 2004. Net income from continuing operations was $13.0 million for the third quarter of 2004, or $0.40 per diluted share, compa ... Continue reading
Tower Automotive Reports Third Quarter 2004 Results
NOVI, Mich.--Oct. 28, 2004--Tower Automotive, Inc. today announced financial results for the third quarter and nine months ended September 30, 2004, and provided fourth-quarter earnings guidance. Third-Quarter Results: -- Revenues of $722 million -- $145 million in cash and cash equivalents at quarter-end -- New busine ... Continue reading
Group 1 Automotive Reports Third-Quarter Results
HOUSTON--Oct. 28, 2004-- Company Records Atlanta Impairment Charge Group 1 Automotive, Inc. , a Fortune 500 specialty retailer, today reported a third-quarter net loss of $9.6 million, or $0.42 per diluted share, on revenues of $1.5 billion for the three months ended Sept. 30, 2004. These results include a non-cash, af ... Continue reading
UnitedAuto Net Income Increases 28%; Revenues Increase 16%
BLOOMFIELD HILLS, Mich.--Oct. 28, 2004--United Auto Group, Inc. , a FORTUNE 500 automotive specialty retailer, today announced a 28.2% rise in third quarter net income on the strength of a 16.2% increase in revenue and continued strong same-store retail revenue growth of 3.7%. The same-store growth was highlighted by a ... Continue reading
AutoNation Reports Third Quarter Net Income From Continuing Operations of $0.35 Per Share
FORT LAUDERDALE, Fla., Oct. 28 -- AutoNation, Inc. , America's largest automotive retailer, today reported net income from continuing operations of $95.0 million, or $0.35 per share, on revenue of $5.1 billion for the third quarter ended September 30, 2004. The results compare with 2003 third-quarter net income from co ... Continue reading
New Automotive Web Site Aims to Serve African Americans
DETROIT, Oct. 28 -- AboutThatCar.com, a new automotive Web site, aims to facilitate the automotive purchasing and ownership experience of African Americans. "Through our alliance with Edmunds.com, we provide the most current information about new- and used-cars, pricing, tips about buying, leasing or insuring a vehicle ... Continue reading
DURA Automotive Reports Third Quarter 2004 Results
ROCHESTER HILLS, Mich.--Oct. 28, 2004--DURA Automotive Systems, Inc. , today reported revenues of $616.4 million for the third quarter ended September 30, 2004, compared to $554.4 million in the prior-year quarter. Including a pretax facility consolidation charge of $5.1 million, the net loss for the quarter was $2.7 m ... Continue reading
Tenneco Automotive Reduces Salaried Work Force
Company Also Consolidates Business Units LAKE FOREST, Ill., Oct. 28 -- Tenneco Automotive announced today that the company plans to eliminate up to 250 salaried positions (about six percent) -- the majority at the middle and senior management levels -- from its worldwide work force as part of a global restructuring. Th ... Continue reading
AUBURN HILLS, Mich., Oct. 28 -- As the leading supplier of Electronic Stability Control (ESC) Continental Teves appreciates the thorough research that led to announcement today by the Insurance Institute for Highway Safety (IIHS) that this available safety equipment could reduce the risk of fatal crashes by 34 percent, ... Continue reading
DaimlerChrysler in Q3 2004: Operating Profit Increases to $1.7 Billion
-- Revenues rise from $42.4 billion to $43.3 billion (+2%) -- Group operating profit increases from $1.5 billion to $1.7 billion despite high exceptional charges -- Net income of $1.2 billion (Q3 2003: net loss of $2.1 billion) -- Earnings per share of $1.17 (Q3 2003: loss per share of $2.02) -- Operating profit for th ... Continue reading
FOR IMMEDIATE RELEASE Wednesday October 27, Fontana, CA - Driver Gary Sheehan of Martinez, CA will join Team Lexus for the exciting Grand-Am Cup season finale this week at Fontana's California Speedway. He will drive the #0 Team Lexus IS300 ST-class racecar, along with teammate Andy Brumbaugh. The #0 car will be in a t ... Continue reading
Shane Hmiel Takes Over TRIMSPA Dodge Through 2005
FOR IMMEDIATE RELEASE CONTACT: Spencer Andrews Braun Racing (704) 799-1118 spencer@braunracing.com Shane Hmiel Takes Over TRIMSPA Dodge Through 2005 Mooresville, NC (October 27, 2004) â“ Braun Racing announced today that Shane Hmiel will be the new driver of the TRIMSPA X32 Dodge starting this weekend in the A ... Continue reading
AAA Provides Tips on Choosing an Auto Repair Facility
MINNEAPOLIS, Oct. 27 -- In recognition of its annual October Car Care Month, AAA urges motorists to be aware of their automobiles' maintenance schedule and develop a trusting, long-term relationship with a reputable repair facility. "According to the national Attorneys General Task Force, auto repairs top the consumer ... Continue reading
Orbital Engine Corporation Limited Announces Change of Name
PERTH, Australia, Oct. 27 -- With effect from 27 October 2004, Orbital Engine Corporation Limited has changed its name to Orbital Corporation Limited. The Company's Australian Stock Exchange symbol ("OEC") and OTC Bulletin Board symbol ("OBTLY") remain unchanged. Orbital is an international developer of engine and rela ... Continue reading
Isuzu Presents Westport Technology at Global Natural Gas Vehicle Conference
VANCOUVER, British Columbia--Oct. 27, 2004--Westport Innovations Inc. (TSX:WPT) today announced that Masaki Okada, Senior Specialist, Engine Design and Development for Isuzu Motors Limited (Isuzu), has presented a technical paper entitled "The Development of High-efficiency, Ultra-low Emission CNG Vehicles" at the 9th ... Continue reading
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