Merrill Lynch Analyst Sees Buying Opportunities As Major Auto Makers Slash Production
Snides Remarks: Does this production cut back mean that car makers will want to increase grosses to fewer buyers? So maybe mass market TV advertising is a thing of the past and targetted media like www.theautochannel.com are worth more to the ad agencys?...stay tuned to the internet to see what happes...we are. NEW YOR ... Continue reading
William Clay Ford, Sr. to Retire from Ford Board
Served for Nearly 57 Years DEARBORN, Mich., March 9 -- William Clay Ford, Sr., the only surviving grandson of the late Henry Ford, has announced his intention to retire from the Board of Directors of Ford Motor Company after nearly 57 years of service. Mr. Ford, who serves on the Finance Committee, informed the Board t ... Continue reading
New GM Racing Director Addresses Media
Mark Kent answers media questions as new director of GM Racing MICHAEL GARDNER, MANAGER, MOTORSPORTS, HERITAGE AND PERFORMANCE COMMUNICATIONS "Mark is not a stranger to the motorsports scene. In the late eighties and early nineties he held engineering and program management positions for our IMSA GTU and SCCA Trans-Am ... Continue reading
American Axle & Manufacturing Updates Earnings Outlook for First Quarter of 2005
DETROIT, March 9 -- American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, today updated its earnings outlook for the first quarter of 2005. AAM earlier provided earnings guidance for the first quarter of 2005 based on the assumption that its customers' production volumes for the major ... Continue reading
Cross Capital Fund, LLC Invests $2.5 Million in Intelligent Motors Cars Inc.
FORT LAUDERDALE, Fla.--March 9, 2005--Intelligent Motor Cars Group Inc. (OTCBB:IMTR) announced today that Cross Capital Fund, LLC has made a $2.5 million investment in Intelligent Motor Cars Group Inc. Jerry Scalzo, CEO of Intelligent Motor Cars, said, "This is a very exciting time for us with great expectations for gr ... Continue reading
DP Technology to Demonstrate ESPRIT's Swiss-style Machine Programming at PMTS, May 3-5, 2005
Camarillo, CA- ESPRIT 2005 offers the ability to program multi-axis Swiss- style turning centers and realize their potential for single set-up, versatile, accurate, unattended machining. DP Technology Corp., CAM industry leader, will provide in-depth demonstrations of this latest CAM software at PMTS booth 621. ... Continue reading
Energy & Engine Technology Corporation Announces Attendance at 2005 ValueRich Conference
PLANO, Texas, March 9 -- EENT (BULLETIN BOARD: EENT) announced today that from today through Friday it will be presenting at the 2005 ValueRich Small-Cap Financial Expo at the Palm Beach County Convention Center in West Palm Beach, Florida. EENT (with Will McAndrew, Roger Wurtele and Jolie Kahn in attendance) will be i ... Continue reading
MOSCOW & GAITHERSBURG, Md.--March 9, 2005--GXS, a leading provider of B2B e-commerce solutions, the International Foundation for Automatic Identification (IFAI) and Uniscan today announced the official launch and availability of Russia's GS1-certified global data synchronization (GDS) country data pool, RusDP1. The dat ... Continue reading
iBiquity Digital Expands Detroit Office
Experienced Auto Industry Executive Steven Cowherd Joins Staff COLUMBIA, Md., March 9 -- iBiquity Digital Corporation, the sole developer of digital HD Radio(TM) technology, announced today it has hired Steven Cowherd as Senior Director of OEM Business Development, based in the company's Pontiac, Mich., office. With ov ... Continue reading
Infor Global Solutions AutoKnow Webinar Announcement
Dear Editor, Infor Global Solutions is hosting the second webinar in its AutoKnow series entitled "The Critical Focus: China - Insights for Automotive Suppliers." Michelle Krebs, noted automotive journalist and expert on the many aspects of the automotive industry's dramatic shift in operations to China, will be the sp ... Continue reading
ITAC Systems Introduces Panel Top Gestural Input Products
GARLAND, Texas, March 9 -- ITAC Systems, Inc. today announced panel top additions to its line of NEMA 4 / IP66-compliant HAND-TRAK(TM) gestural input devices, designed for precision and reliability in harsh operating environments. Like other HAND-TRAK models, the panel top versions utilize ITAC's Gestural Input Engine( ... Continue reading
KleenAir Systems, Inc. Signs Technical Agreement With ServoTech
IRVINE, Calif.--March 9, 2005--KleenAir Systems Inc. (OTCBB:KAIR) is pleased to announce that they have signed a Technical Services Agreement with ServoTech Engineering, Inc., of Belleville, Mich. Under this Agreement, ServoTech will perform hardware and software design and testing services for certain components used ... Continue reading
Media Advisory: Ford Motor Credit Hosts Credit University 2005 for Analysts in New York and London
WHAT: Ford Motor Credit Vice Chairman and Chief Financial Officer Dave Cosper will review the company's operations and balance sheet with equity and fixed income analysts. The presentation will include a review of material from Ford Motor Credit's just-released 2004 10-K. The presentation is available to all via teleco ... Continue reading
TEMPE, Ariz., March 9 -- Computer Telephony Solutions proudly announces the release of Street-View, a completely turnkey call recording and marketing campaign management solution. It is the must-have solution to help the more than 20,000 U.S. auto dealers effectively operate their businesses and boost their bottom line ... Continue reading
RESEARCH TRIANGLE PARK, N.C.--March 9, 2005--Reichhold announced off-list price increases today for all alkyds, polyesters and oil modified urethanes sold into the North American coatings market. All soya-based products will be increased $0.02 per pound while all other alkyds and oil modified urethanes will receive a $ ... Continue reading
Reynolds and Reynolds Earns Training Magazine's Elite Top 100 Recognition
Company's commitment to associate training and professional development lauded by magazine DAYTON, Ohio, March 9 -- The Reynolds and Reynolds Company , the leading provider of software and services to the automotive retailing industry, announced today that it continues its ascent on the "Training Top 100" list publishe ... Continue reading
TriMas Corporation Reports Fourth Quarter And Full Year Results
BLOOMFIELD HILLS, Mich., March 9 -- TriMas Corporation today announced its financial results for the three months ended December 31, 2004. Compared to the prior year fourth quarter period, sales increased 20.7% to $243.0 million from $201.3 million, while the operating loss declined to $9.6 million from $14.3 million i ... Continue reading
With Win By Dan Wheldon, UGS Technology Has Played a Role in the Season Opening Victories in both the IRL(R) IndyCar(R) Series and NASCAR(R) NEXTEL Cup Series PLANO, Texas, March 9 -- UGS, a leading global provider of product lifecycle management (PLM) software and services, is on a roll -- a very fast roll -- with its ... Continue reading
FOREST CITY, Iowa--March 9, 2005--Winnebago Industries, Inc. will present at the following forum: What: Winnebago Industries, Inc. will give a presentation at Informed Investors Recreation and Leisure On-line Investor Forum. William Lerner, Senior Analyst with Prudential Securities will deliver the keynote address. Whe ... Continue reading
Young Scientists from United States Nominated for Worldwide 'Mondialogo Engineering Award'
* International jury selects 40 project ideas for final of worldwide innovation prize * Seven U.S. nominated universities among the top 40 project ideas * More than 1,700 participants from 79 countries STUTTGART, Germany, and PARIS, March 9 -- An international jury has nominated the finalists for the "Mondialogo Engine ... Continue reading
Frost & Sullivan's India Manufacturing Excellence Awards 2005
MUMBAI, India, March 9 -- India's manufacturing sector has often been accused of having failed to capitalize on the in-built advantages of cheap labor, skilled manpower, and abundant natural resources. Instead, it has been the services sector (offshoring services, BPOs, and IT) that has leveraged the country's traditio ... Continue reading
Four Drivers Vie for Goodyear North America Highway Hero
AKRON, Ohio, March 9 -- Four professional truck drivers from Fayetteville, N.C.; Quaker City, Ohio; Diana, Texas; and La Grande, Ore., have been selected as finalists for the Goodyear North America Highway Hero Award, the trucking industry's most prestigious award for heroism. (Logo: http://www.newscom.com/cgi-bin/prnh ... Continue reading
MAYFIELD VILLAGE, Ohio--March 9, 2005-- Both Dig Body Art But Harley Riders More Likely to Wear What They Ride, Says America's Top Motorcycle Insurer What can you tell about a person by the kind of motorcycle they ride? Plenty, according to a recent countrywide online survey conducted by The Progressive Group of Insura ... Continue reading
Toyota Selects Metaldyne as Development Supplier for Chassis Parts in New Castle, IN
PLYMOUTH, Mich., March 9 -- Metaldyne announced today that it has been selected as a pre-production supplier by Toyota to supply several chassis components for a future Toyota program at Metaldyne's newly acquired New Castle, Ind. facility. The business, which is valued at approximately $10 million annually, is expecte ... Continue reading
MRD Motorsports Announces Open Wheel Ace Jimmy Kite to Drive NASCAR Truck
MRD Motorsports Announces Open Wheel Ace Jimmy Kite To Drive NASCAR Truck CONCORD, N. C., March 9, 2005 - NASCAR Craftsman Truck Series entrant Dave Malcolmson (Largo, Fla.) proudly announces the signing of open wheel racing standout Jimmy Kite (Stockbridge, Ga.) to race for MRD Motorsports in the World Financial Group ... Continue reading
World's #1 RV Destination Resort - Lazydays New Hospitality Amenities Attract All
TAMPA, Fla.--March 9, 2005--People bustle about while sipping Starbucks coffee in the new Service Pavilion. Some relax in the plush seating areas watching flat screen televisions. Others take advantage of the personal concierge services at their fingertips. Sounds like the lobby of a world-class luxury resort, right? N ... Continue reading
Elden Smith Succeeds Ed Caudill as Fleetwood's President and Chief Executive Officer
RIVERSIDE, Calif., March 9 -- The board of directors of Fleetwood Enterprises, Inc. today announced Elden L. Smith has been named president and chief executive officer, succeeding Edward B. Caudill who has stepped down. Smith, 64, previously served as senior vice president of Fleetwood's recreational vehicle group unti ... Continue reading
International Automakers' Investments in US Factories and Employees Lead American Motor Vehicle Industry WASHINGTON, March 9 -- The new American automakers have become the fastest-growing segment of the U.S. motor vehicle industry, investing nearly $27 billion in new factories and creating more than 55,000 new, high-pa ... Continue reading
Nomination deadline Apr. 4 DETROIT, March 9 -- Automotive News is accepting nominations for its list of 100 Leading Women in the North American Auto Industry through Monday, April 4. Nominees can own or be employed by automakers, suppliers, dealerships and allied businesses working in executive management, manufacturin ... Continue reading
Danger Ahead: High-End Cars, Low-Price Insurance
Atlantic Mutual Offers Drivers Questions to Ask About Auto Coverage and Claims Service NEW YORK, March 9 -- With a few insurance companies heavily advertising low prices and the ability to get quotes over the Internet, many people have become more price-conscious when purchasing auto insurance. But choosing the lowest ... Continue reading
Oshkosh Truck to Expand New Product Development Facilities
OSHKOSH, Wis.--March 9, 2005--Oshkosh Truck Corporation , a leading manufacturer of specialty trucks and truck bodies, announced today that it plans to acquire additional manufacturing facilities near its headquarters in Oshkosh, Wis., and to invest in a $5-million expansion of its new product development facility. "Th ... Continue reading
Nissan to Discontinue Works Participation in Dakar
Tokyo March 8, 2005; Dale Hug, writing for JCNN reported that Nissan Motor has announced that it has decided to cease works motorsport activities of the Nissan Rally Raid Team following three fruitful years in Dakar from 2003 to 2005. This team has regularly won stages and finished strongly in each three Dakar Rally Ra ... Continue reading
TROLLHATTAN, Sweden, March 9, 2005; Peter Augustsson, the Chief Executive of Saab Automobile since 2000, has decided to leave his position at Saab and General Motors. Carl-Peter Forster, President of General Motors Europe, will assume the role of Chairman of the Saab Automobile AB board, and Jan-Ake Jonsson will assume ... Continue reading
Omega Polymer Technologies Announces Management Reorganization
AURORA, Ohio, March 8 -- The Board of Directors of Omega Polymer Technologies, Inc. (OPTI), the parent company of Omega Pultrusions, Carsonite International and Viking Plastics, today announced the reorganization of its management team. Effective immediately, David Morley has been promoted to President - Sales, Donald ... Continue reading
America's Car-Mart Reports Third Quarter Earnings
Company Announces 3 for 2 Stock Split BENTONVILLE, Ark., March 9 -- America's Car-Mart, Inc. today announced its operating results for the third fiscal quarter and nine months ended January 31, 2005. The Company's results are segmented into continuing and discontinued operations. Highlights of third quarter operating r ... Continue reading
The Coast Distribution System Reports Record Earnings in 2004 on Increased Sales
MORGAN HILL, Calif., March 9 -- The Coast Distribution System, Inc. (AMEX:CRV) today announced an 80.1 percent increase in earnings on a 9.8 percent increase in sales for the year ended December 31, 2004. Coast, one of North America's largest suppliers of aftermarket replacement parts, accessories and supplies for the ... Continue reading
World's Largest Chevy Dealer Rides on MCI Solutions
Bill Heard Dealerships Select MCI for Voice and Data Services ASHBURN, Va., March 9 -- MCI, Inc. today announced that Bill Heard Enterprises, Inc, has selected MCI as its primary provider of voice and data communications. Under terms of the three-year agreement, MCI will help Bill Heard Enterprises continue its rapid p ... Continue reading
Pickups Plus Signs Rhino Linings of Mid Tennessee for its ValuGard Product Line
CINCINNATI--March 9, 2005--Pickups Plus, Inc. (OTCBB:PUPS), a retailer and national franchiser in the light truck and SUV after market accessory industry, and wholly owned Auto Preservation, Inc. (AP), a single source provider to automotive dealerships for their new vehicle preparation, environmental protection package ... Continue reading
Award-Winning Automotive Journalist and Author Jack R. Nerad to Join Kelley Blue Book's kbb.com
Trusted Resource and No. 1 Automotive Site Gain New Automotive Expert IRVINE, Calif., March 9 -- Jack R. Nerad, a 20-year veteran of the automotive industry will be joining Kelley Blue Book's kbb.com on March 21, 2005 as Editorial Director and industry expert. Nerad will be responsible for the editorial direction of Ke ... Continue reading
O2Diesel Debuts CityHome Help Transit Authorities Lower Diesel Emissions
NEWARK, Del.--March 9, 2005-- Lincoln, Nebraska's StarTran is First to Convert Bus Fleet to O2diesel's Ethanol-Diesel Fuel Technology O2Diesel Corporation (AMEX:OTD) tomorrow inaugurates the CityHome(TM) program, a major national clean air initiative designed to improve quality of life in local communities by helping m ... Continue reading
TEN Magazines(TM) Introduces New Targeted Media Platform
CORONA, Calif., March 9 -- TEN Magazines, a visionary industry leader in contextual marketing, recently introduced their new IPG Merchandiser Pro, a cutting-edge product-information delivery system. The new IPG Merchandiser Pro enables aftermarket manufacturers to create some of the most targeted and effective on-line ... Continue reading
Delphi Bonds Downgraded to Junk Status by Moody's As Accounting Problems Raise Concern
NEW YORK March 8, 2005; The AP reported that Delphi Corp., the world's largest auto-parts supplier, got yet another dose of bad news after Moody's Investors Service on Tuesday slashed the embattled company's credit rating to junk status. The move -- which will increase borrowing costs and limit the kind of institutiona ... Continue reading
Chrysler Managers to Get Bonus for Profitable 2004; Ford to Distribute Bonuses Too
DETROIT March 7, 2005; Dee-Ann Durbin writing for the AP reported that nearly 10,000 managers at DaimlerChrysler AG's Chrysler Group will receive bonuses in May as a reward for a profitable 2004, a company spokesman said Tuesday. The bonuses will go to 9,400 entry- to midlevel managers in all departments May 31, spokes ... Continue reading
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