GM to Take Pre-Tax Charge of $121 Million
DETROIT March 7, 2005; The AP reported that General Motors Corp. will take a pre-tax charge of $121 million in the first quarter for the closure of its Lansing Car Assembly plant, the company said Monday. GM made the announcement in a filing with the U.S. Securities and Exchange Commission. ... Continue reading
Price Not a Big Factor in Selecting Vehicle Service Provider
AAIA Study Reveals Consumer Insights BETHESDA, Md., March 7 -- Quality and trust were the top two criteria for consumers when selecting a service provider for their vehicle, according to a recent study on the DIY and DIFM aftermarket by the Automotive Aftermarket Industry Association (AAIA). Cost of service ranked seve ... Continue reading
Farmers Files for Lower Auto Rates for Colorado Customers
DENVER--March 7, 2005--Farmers Insurance Group of Companies announced today it will lower rates for its auto customers in the state of Colorado. Effective April 1, 2005, Farmers' customers in Colorado will see a rate decrease that will average 3.2% percent. Actual savings may be as high as 20% and will vary depending o ... Continue reading
NASCAR Racing Legend to Announce Major Initiative at Brain Injury Association of Michigan Event
NASCAR racing legend Ernie Irvan will join The Brain Injury Association (BIA) of Michigan for a major announcement at its annual Legacy Dinner on March 13, 2005 at St. John's Golf & Conference Center in Plymouth. The sold- out event, now in its 7th year, honors outstanding achievement in brain injury awareness, prevent ... Continue reading
Alcoa Chairman Alain Belda Opens National Manufacturing Week and Aluminum Association Spring Meeting
PITTSBURGH--March 7, 2005--Alcoa Chairman Alain Belda presented the keynote address today to 25,000 manufacturing executives from 70 countries attending National Manufacturing Week in Chicago and the U.S. Aluminum Association's Spring meeting. Mr. Belda's remarks focused on the global trends shaping Alcoa and the alumi ... Continue reading
WAUKESHA, Wis.--March 7, 2005--The stand-alone transmission company model is in a better position to make the necessary system investments because it focuses solely on providing reliable transmission service on a non-discriminatory basis to all users, according to American Transmission Co. President and CEO Jose M. Del ... Continue reading
Goodyear to Supply Tires for Fast Selling Airbus Aircraft
AKRON, Ohio, March 7 -- The Goodyear Tire & Rubber Company announced today that it has extended a major multi-year contract for the supply of aviation tires to Airbus for six popular wide-body and single-aisle aircraft models. (Logo: http://www.newscom.com/cgi-bin/prnh/20050204/GTLOGO ) Goodyear will supply Flight Lead ... Continue reading
NEW YORK--March 7, 2005--Top management remains one of the key components to a successful corporation. At times overlooked by investors, management that successfully demonstrates a strategic focus, understands its corporate assets and deficiencies, and consistently executes will, more often than not, have a direct impa ... Continue reading
MADISON, Wis.--March 7, 2005--ProClip USA is offering more product functionality to their popular line of HP iPAQ holders. In addition to the standard and tilt swivel holders, ProClip USA is offering iPAQ holders with built-in speakers, integrated charging cables and cable connectors. Holders with built in speakers add ... Continue reading
Noble International Announces Quarterly Dividend
WARREN, Mich., March 7 -- Noble International, Ltd. today announced that its Board of Directors has declared a quarterly dividend of $0.10 per share of Noble common stock to be paid March 31, 2005 to stockholders of record March 21, 2005. SAFE HARBOR STATEMENT Noble International, Ltd. is a leading supplier of automoti ... Continue reading
Simrit Encoders Offer Light-Weight, Cost-Effective Speed Sensing
Technology Specialist is the only encoder manufacturer in North America PLYMOUTH, Mich., March 7 -- Simrit's new encoder technology, which is helping product designers add a robust, lightweight and economical means of measuring speed, will be displayed along with other product innovations at Simrit's booth (#1744) duri ... Continue reading
Simrit Introduces Fas-N-Seal(TM) Fastener Seal Product Line
Available for Aerospace, Automotive and Industrial Applications PLYMOUTH, Mich., March 7 -- To help meet customer demand for a standard line of fastener seals, Simrit -- the industrial products division of Freudenberg-NOK -- is introducing the Fas-N-Seal(TM) product line at the National Design Engineering Show in Chica ... Continue reading
Simrit Launches Disopac(R) DG Seal for Demanding Cylinder Applications
PLYMOUTH, Mich., March 7 -- Simrit -- the industrial products division of Plymouth, Mich.-based Freudenberg-NOK -- has introduced Disopac(R) DG (deep groove) seal, a bi-directional seal designed for cylinder applications requiring minimum leakage and low drift performance. This new technology can be seen at Simrit's bo ... Continue reading
Universal Technical Institute, Inc. to Present at the CSFB 7th Annual Global Services Conference
PHOENIX, March 7 -- Universal Technical Institute, Inc. , a provider of technical education training, announced today that Kimberly McWaters, UTI's President and Chief Executive Officer, and John White, UTI's Vice Chairman of the Board and Chief Strategic Planning Officer, will participate in the Credit Suisse First Bo ... Continue reading
Valeo Combined Annual General Shareholders Meeting Notice
PARIS, March 7 -- - Public Tender Offer for its own Shares at 40 Euros Following today's meeting of the Valeo Board of Directors, the combined Annual General Meeting of Shareholders (AGM) is called on 21 April 2005 (first notice). Failing a quorum, Valeo invites its shareholders to meet on second notice on 3 May 2005 a ... Continue reading
Volkswagen to Offer SIRIUS on New 2005 Jetta
SIRIUS Satellite Radio to be Offered as Factory Installed Option Beginning This Month NEW YORK, March 7 -- SIRIUS Satellite Radio today announced that Volkswagen will offer SIRIUS as a factory installed option on the new 2005 Volkswagen Jetta beginning this month. (Logo: http://www.newscom.com/cgi-bin/prnh/19991118/NYT ... Continue reading
National Study Shows Most Small Cars Are No Match for SUVs in Crash Situations
Safeco Comments on Results of New Crash-Test Study SEATTLE, March 7 -- After reviewing a new study confirming small cars are no match for larger sport-utility vehicles (SUVs), Safeco today urged SUV drivers to understand their risks and take additional precautions to keep themselves and others safe on the road. (Logo: ... Continue reading
New American Automakers Lead U.S. Automotive Growth
AIAM to Release Study Showing Investment and Jobs Created; Representative Oxley and Other Key Lawmakers to Discuss Findings Who: Congressman Michael Oxley (OH-4); Timothy MacCarthy, The Association of International Automobile Manufacturers; Sean McAlinden, The Center for Automotive Research. What: AIAM, the Association ... Continue reading
The Timken Company Sponsors 'Engineer of the Year' Award
CANTON, Ohio, March 7 -- The Timken Company announced today its sponsorship of Design News' "Engineer of the Year" award. Timken and the former Torrington Company have had a long-standing tradition of sponsoring the program since its inception in 1987. Readers of Design News, a leading trade magazine covering mechanica ... Continue reading
Ford Continues Support of Jackie Robinson Foundation
Ford Continues Support of Jackie Robinson Foundation Ford is key awards dinner sponsor and host for the Althea Gibson/JRF Scholar NEW YORK, March 7 – Ford Motor Company Fund, a committed supporter of educational programs designed to help youth of all ethnicities achieve their academic potential, renewed its suppo ... Continue reading
Chrysler Group Reports February 2005 Certified Pre-Owned Vehicle (CPOV) Sales Increase 9 Percent
- February Sales Set New Monthly Record - Year-to-Date Sales Improve Dramatically; Establish New Record AUBURN HILLS, Mich., March 7 -- Chrysler Group reported that sales of its Certified Pre-Owned Vehicles (CPOV) rose 9 percent to 9,188 units in February 2005. The sales total for February establishes a new February re ... Continue reading
NASCAR Craftsman Truck Series News & Notes - Off Week
NASCAR Craftsman Truck Series News & Notes - Off Week CLICK HERE TO DOWNLOAD THIS PRESS RELEASE IN A MICROFSOFT WORD DOCUMENT* Craftsman Trucks figure prominently in Roush Racing’s NASCAR ascendance* Reutimann had ringside seat for exciting Atlanta finish in 2004 DAYTONA BEACH, Fla. (March 7, 2005) – NASCAR ... Continue reading
Decoma privatization completed
AURORA, ON, March 7 -- Magna International Inc. (TSX: MG.SV.A, MG.MV.B, NYSE: MGA) ("Magna") and Decoma International Inc. (TSX: DEC.SV.A; NASDAQ: DECA) ("Decoma") today jointly announced that Magna's privatization of Decoma by way of a plan of arrangement under Ontario law, which received shareholder approval on Febru ... Continue reading
Bosch Finalizes Tsunami Relief Donation
FARMINGTON HILLS, Mich., March 7 -- The employees of Robert Bosch Corporation and its affiliates in the U.S. and Mexico have donated over $160,000 (USD) to provide aid for the regions in Asia and east Africa affected by the tsunami disaster. Early January, Bosch asked its more than 23,000 North American associates to j ... Continue reading
Drew Industries Appoints Chief Legal Officer
WHITE PLAINS, N.Y., March 7 -- Drew Industries Incorporated , a leading supplier of components for recreational vehicles ("RV") and manufactured housing ("MH"), today announced that Harvey F. Milman has been appointed Vice President-Chief Legal Officer. Prior to his appointment at Drew, Milman was a partner at the law ... Continue reading
Federal-Mogul Fel-Pro PermaTorqueMLS Gaskets Sweep NASCAR's 3-Race Weekend Schedule
SOUTHFIELD, Mich.--March 7, 2005--Fel-Pro(R) PermaTorqueMLS(TM) head gaskets from Federal-Mogul Corporation (OTCBB:FDMLQ) enjoyed a recent sweep in NASCAR's racing schedule with wins in the Craftsman Truck, Busch and Nextel Cup series events at California Speedway, Fontana, Calif. The dominance of the Fel-Pro(R) brand' ... Continue reading
SHANE HMIEL GAINS VALUABLE EXPERIENCE, STAYS ON TRACK AND FINSHES 4th IN INAGURA
SHANE HMIEL GAINS VALUABLE EXPERIENCE, STAYS ON TRACK AND FINSHES 4th IN INAGURAL MEXICO ROAD RACE MEXICO CITY, MEXICO (March 6, 2005) – History was made on Sunday as 43 NASCAR Busch Series drivers took the green flag in the Inaugural Mexico road race. WINFUEL Chevrolet driver Shane Hmiel also made perso ... Continue reading
Arie Luyendyk Jr. Helps Break Barriers
SCOTTSDALE, Ariz.--March 7, 2005--David Keaveney, CEO of MotorSports Emporium Inc. (OTCBB:MSEP), announced today Arie Luyendyk Jr. will join its advisory board to assist management in breaking barriers in the motor sports industry. Keaveney stated, "The implementation of our advisory board certifies that MotorSports Em ... Continue reading
Sorenson Secures 14th-Place Finish at First Road Course Race
Contact: Jennifer Powell, Chip Ganassi Racing with Felix Sabates, (704) 235-1147, jpowell@ganassi.com For Immediate Release Sorenson Secures 14th-Place Finish at First Road Course Race MEXICO CITY, Mexico (March 6, 2005) --- Amid the Mexican flags waving and the motorcycle pre-race show, Reed Sorenson prepared to run h ... Continue reading
Hearn Motorsports Announces Addition of Jaskol and Soppe To Star Mazda Team
Hearn Motorsports Announces Addition of Jaskol and Soppe To Star Mazda Team LAS VEGAS, Nev., March 7, 2005 - Hearn Motorsports owner Richie Hearn (Las Vegas, Nev.) is pleased to announce Matt Jaskol as driver of his No. 7 Hearn Motorsports entry in the Star Mazda Series North American Championship. Jaskol, also of Las ... Continue reading
Scion to Unveil All-New Concept Vehicle at 2005 New York International Auto Show
TORRANCE, Calif., March 7 -- Scion, from Toyota Motor Sales (TMS), U.S.A., Inc., will unveil an all-new concept vehicle at a press conference at the 2005 New York International Auto Show. This all-new concept, known as t2B, reflects Scion's key product philosophies of style, versatility and surprise. It encompasses bol ... Continue reading
Waste Management Adds Newest Member to Team Waste Management Racing
HOUSTON--March 7, 2005-- Jesus Hernandez is the new Waste Management ambassador to the Drive for Diversity(SM) Program Jesus Hernandez will represent Waste Management, Inc. as the newest member of its NASCAR racing team. The 23-year-old Fresno, Calif., resident will drive the No. 17 Waste Management Ford in the NASCAR ... Continue reading
Toshiba Highly Integrated, High-Performance Single Chip CD-MP3 Processors
Introducing TC94A60MFG, the World's First Single-Chip ATRAC CD Decoder SAN FRANCISCO, March 7 -- Toshiba America Electronic Components, Inc. (TAEC)* today announced a pair of highly integrated, high- performance CD-MP3 devices that enable playback of CD and multiple compressed audio formats from a single chip. Designat ... Continue reading
Toshiba Launches New 64-Bit RISC Microprocessor
Highly Integrated Microprocessor Boasts Performance and Features Required for Digital Consumer Applications SAN FRANCISCO, March 7 -- Toshiba America Electronic Components, Inc. (TAEC)* today announced the introduction of a new 64-bit single-chip MIPS-based(TM) reduced instruction set computer (RISC) microprocessor. De ... Continue reading
Strategy Analytics: Is RF Micro Devices' Run At The Top Over?
BOSTON--March 7, 2005--New research from Strategy Analytics shows that Skyworks caught up to RF Micro Devices in 2004, with both suppliers leading the GaAs device market. Skyworks' GaAs device revenues grew by 31 percent, gaining them one-fifth of the world's GaAs device share. This report, "All Change at the Top as Sk ... Continue reading
Workstream Organizational Charting Solution
OTTAWA--March 7, 2005--Workstream Inc.(TM) , a provider of Enterprise Workforce Management software, today announced that Mercedes-Benz USA, a wholly-owned subsidiary of DaimlerChrysler North America Holding Corporation , has selected the Workstream Organizational Charting solution to dynamically generate robust visual ... Continue reading
Wagner Brake Brand Extends Into Severe-Duty Category
SOUTHFIELD, Mich.--March 7, 2005--Wagner Brake Products(R), a leading brand of replacement friction and related components for passenger vehicles, has introduced a complete line of premium disc brake pads and shoes for fleet, school bus, emergency vehicle, utility and other severe-use applications. Wagner components ar ... Continue reading
Consumer Activity Up on Chrysler, Dodge, and Jeep Websites in 2004
- Improved Web site usability and new tools leads to increased Web site use on chrysler.com, jeep.com and dodge.com - Number of vehicle page views increases 87% year-over-year - Use of some online tools grows by more than 100% BLOOMFIELD HILLS, Mich., March 7 -- In a year in which Chrysler Group launched nine new produ ... Continue reading
Chrysler Group Launches Production of New Jeep(R) Grand Cherokee at Magna Steyr in Austria
- Gasoline and diesel Jeep models will be produced for Europe and other world markets - $27.6 million (euro 23 million) investment adds greater flexibility to Graz production line AUBURN HILLS, Mich., March 7 -- Today the first all-new Jeep(R) Grand Cherokee rolled off the line as production officially began at the Mag ... Continue reading
Face in the Crowd: 'Pink Panther's' Inspector Clouseau Chases Criminals in a smart fortwo
BOBLINGEN, Germany, March 7 -- In "Pink Panther", the new film from Metro Goldwyn Mayer, Inspector Jacques Clouseau (played by Steve Martin) will be chasing criminals in a smart fortwo. Together with his partner Ponton (Jean Reno) he has been given the task of solving the murder of a world-famous football trainer. But ... Continue reading
TI Automotive Wins Big in Asia-Pacific Region
WARREN, Mich., March 7 -- Six major auto manufacturers have awarded contracts to TI Automotive, a leading global supplier of fluid storage and delivery systems. During the last four months Ford Motor Company, General Motors, Toyota, Nissan, Volvo and Renault have awarded to TI Automotive programs representing a combine ... Continue reading
DaimlerChrysler, Domino's and The Rehmann Group to Take Top Honors at 8th Arbor Awards
NORTHVILLE, Mich., March 7 -- Companies that are passionate about automobiles, pizza, and numbers will take top honors this week at the Eighth Arbor Awards for Excellence in Human Resources. DaimlerChrysler Corporation, Domino's and The Rehmann Group will receive Arbor Awards for Excellence for best practices and innov ... Continue reading
Chrysler Group and The Golf Digest Companies Extend Chrysler Club Championship Partnership
* Chrysler Club Championship to be played through 2006 * Tournament play expanded to two new PGA sections * Event raises funds for the National Multiple Sclerosis Society and the American Junior Golf Association * Chrysler brand celebrates 40 years of golf sponsorships * 2005 tournament to be promoted in all The Golf D ... Continue reading
Delphi's New Energy Absorbing Steering Column Technology Further Enhances Driver Safety
Recent NHTSA Report* Shows Traditional Energy-Absorbing Steering Columns Saved 53,000 lives; Second Only to Seat Belts TROY, Mich., March 7 -- A recent report from NHTSA cites that energy absorbing steering columns are second, only to safety belts, as an effective safety device for vehicle drivers. Now Delphi Corp.'s n ... Continue reading
Durakon to Provide Cargo Covers and Side Storage Boxes for Next Generation of Chevrolet Avalanche
Renewal of Contract Reaffirms Durakon's Value to GM Trucks LAPEER, Mich., March 7 -- Durakon Industries, a leading provider of thermoformed products and paint film technology to the automotive industry, today announced that General Motors awarded Durakon as the exclusive supplier of twin-sheet, thermoformed cargo cover ... Continue reading
SAE Detroit Section to Introduce New Performance Vehicles at April 11, 2005 Meeting at Cobo Center
DETROIT--March 7, 2005--General Motors will introduce three new performance vehicles, the Pontiac Solstice, HUMMER H3 and Corvette Z06 at the SAE Detroit Section Meeting on Monday, April 11, 2005. This meeting is being held for the first time ever during SAE World Congress in the Riverfront ballroom at Cobo Center. Spe ... Continue reading
Daytona Public Awareness Campaign Urges Drivers and Riders to Take It Easy During Bike Week
DAYTONA BEACH, Fla.--March 7, 2005--The Motorcycle Safety Foundation (MSF), in partnership with the Daytona Chamber of Commerce, joins numerous industry sponsors and local businesses to urge both drivers and riders to Take It Easy and be extra careful on the highways during Bike Week. This year's program, the fifth ann ... Continue reading
Mitsubishi Motors North America Enters Into Agreement With SIRIUS Satellite Radio
SIRIUS First Available as Factory Installed Equipment on All-New 2006 Raider NEW YORK and CYPRESS, Calif., March 7 -- Mitsubishi Motors North America today announced an exclusive agreement with SIRIUS Satellite Radio to offer satellite radio as a factory-installed option in various Mitsubishi models. (Logo: http://www. ... Continue reading
National Marketing Campaign Supports 'Midas Touch' Maintenance Package
ITASCA, Ill.--March 7, 2005--Midas, Inc. is launching a month-long marketing campaign today using high-profile television exposure in support of its first-ever national promotion of maintenance services at more than 1,600 Midas shop in the United States. The "Midas Touch" maintenance package includes an oil change, tir ... Continue reading
Future Will Be Cheaper, Greener For Trucks, Buses and Other Heavy-Duty Vehicles
CAMBRIDGE, Mass.--March 7, 2005-- New study predicts significant increase in cleaner engines, hybrid technology and self-shifting transmission by 2020 TIAX, a leading collaborative product and technology development firm, and Global Insight, the world's foremost industry forecasting firm, today released a study predict ... Continue reading
Dunlop SP Sport Tires Selected for High-Powered Saleen Cars
LOS ANGELES, March 7 -- Dunlop Tires announced today that it has been selected to supply two high-powered Saleen Inc. limited-edition performance cars. Dunlop SP Sport Maxx 275/35R20 tires will be standard equipment on the 4.6-liter, 325-horsepower Saleen Mustang S281 coupe, convertible and speedster models, Dunlop sai ... Continue reading
DETROIT, March 7 -- Dr. Dieter Zetsche, President & CEO, DaimlerChrysler Corporation and Chairman of the Board, Detroit Economic Club will speak to Detroit Economic Club (DEC) members and guests on Monday, March 14, 2005. The luncheon, held at the Royal Park Hotel, located at 600 East University Drive, Rochester, MI, w ... Continue reading
Jamie McMurray's Stellar Mexico City Run Turns Sour
Contact: Jennifer Jaudon, Chip Ganassi Racing with Felix Sabates, phone: 704.746.6434, jjaudon@ganassi.com <mailto:jjaudon@ganassi.com> - For Immediate Release - McMurray's Stellar Mexico City Run Turns Sour MEXICO CITY, Mexico (March 7, 2005) -- Encircled by more than a dozen local Texaco/Havoline executives and emplo ... Continue reading
GM China Cuts Car Prices Amid Accelerating Price War
BEIJING, March. 7, 2005; GENERAL Motors (GM), the world's top automaker, had slashed prices of two Buick models in China by up to 15 percent to counter a move by Japanese rival Honda Motor, car dealers said Friday. General Motors Corp.'s main China venture said retail prices on its Buick Regal and Excelle sedans would ... Continue reading
IIHS: RESULTS OF SIDE IMPACT CRASH TESTS:
March 6, 2005 <a href="http://www.iihs.org/vehicle_ratings/ce/html/summaries/small_ overall_c.htm">Summary of results for all small cars tested by the Institute</a><p> 14 OF 16 SMALL CARS ARE RATED POOR IN TEST THAT SIMULATES CRASH WITH SUV; NONE OF THE 16 IS GOOD ARLINGTON, VA — Most small car designs earned poo ... Continue reading
Terry Borcheller - Homestead race
strong sixth Terry Borcheller finished sixth in the Rolex Sports Car Series race at Homestead-Miami Speedway on March 5, but he said it felt like a podium finish. Borcheller, of Gainesville, Ga., and Bell Motorsports/Feeds the Need Racing have struggled to return to the performance that helped them win the 2003 series ... Continue reading
NHRA Lucas Oil Drag Racing Series, Sunday from Firebird International Raceway
FOR IMMEDIATE RELEASE NHRA LUCAS OIL DRAG RACING SERIES - PACIFIC DIVISION FIREBIRD INTERNATIONAL RACEWAY SUNDAY, MARCH 6, 2005 Contact: Eric Lotz, NHRA (626) 688-8646 Demke, Taylor take home wins in Phoenix PHOENIX - Sunday morning weather caused the cancellation of final qualifying for Top Alcohol Dragster, Funny Car ... Continue reading
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