Insurance Auto Auctions Delays Filing of Form 10-K Following Recent Acquisition by Kelso & Company
WESTCHESTER, Ill.--March 11, 2005--Insurance Auto Auctions, Inc. , due to file its annual report on Form 10-K on March 11, 2005, today announced that due to the Company's efforts undertaken to comply with the recently effective requirements of Section 404(c) of the Sarbanes-Oxley Act of 2002, and further efforts undert ... Continue reading
Opel Corsa Edition Standard With TomTom GO Navigation System
First Volume Model Equipped With Portable Car Navigator As Standard Ruesselsheim. Martch 10, 2005; The Opel Corsa family has an attractive new feature: beginning in April, as part of a pan-European campaign, the Corsa Edition special model will be the first volume car fitted with a portable GPS navigation system as sta ... Continue reading
Asbury Automotive Group to Present at Stephens Specialty Retailing Conference
NEW YORK, March 11 -- Asbury Automotive Group, Inc. , one of the largest automotive retail and service companies in the U.S., today announced that it will participate in the Stephens Inc. Specialty Retailing Conference in New York City. The Company also announced it would provide a live audio web cast of the investor p ... Continue reading
AutoZone Files Form 10-Q for Fiscal Second Quarter 2005
MEMPHIS, Tenn., March 11 -- AutoZone, Inc. today announced the filing of its Form 10-Q for the fiscal second quarter ended February 12, 2005. As previously announced, based upon recent SEC clarification, these financial statements include an adjustment associated with its accounting for leases and related leasehold imp ... Continue reading
BorgWarner Sells Share in AG Kuehnle, Kopp & Kausch
AUBURN HILLS, Mich., March 11 -- BorgWarner Inc. today announced that, as expected, BorgWarner Europe Inc. has sold its holdings in AG Kuehnle, Kopp & Kausch. The turbomachinery company was sold for Euro 42 million to a private equity group, Turbo Group GmbH. BorgWarner Europe acquired the stake in 1997 from Penske Tra ... Continue reading
Fitch: Visteon Agreement Shows Commitment to Improve Cash Flows
CHICAGO--March 11, 2005--The agreement reached today between Ford Motor Company and Visteon demonstrates that both companies see the need to address the significant cash drains occurring at Visteon. The agreement also acknowledges, as expected, that Visteon remains a significant financial burden on Ford. Fitch has prev ... Continue reading
Hayes Lemmerz Obtains Agreement to Amend Loan Terms
NORTHVILLE, Mich., March 11 -- Hayes Lemmerz International, Inc. announced today that it has obtained an agreement from its lenders to amend the Credit Agreement dated as of June 3, 2003 governing its $450 million Senior Secured Term Loan and $100 million Senior Secured Revolving Loan. The amendments will reduce debt c ... Continue reading
H&H Oil Deploys FuelQuest FMS for Company and Dealer Stores
Growing Fuel Wholesaler and Convenience Store Operator Chooses FuelQuest to Integrate POS Data With Fuel Replenishment Automation to Improve Inventory Management, Order Dispatch, and Carrier Management HOUSTON, March 11 -- FuelQuest, Inc. announced today that H&H Oil Company Incorporated has selected FuelQuest's Fuel M ... Continue reading
Lithia Motors to Present at Stephens Specialty Retailing Conference
MEDFORD, Ore.--March 11, 2005--Lithia Motors Inc. , the 8th largest auto-retailer in the United States, today announced that Chairman Sidney DeBoer will present at the Stephens Specialty Retailing Conference in New York City. The presentation is scheduled to occur from 8:00 to 8:25 a.m. Eastern Time on March 15, 2005. ... Continue reading
Miller Industries Announces Webcast
CHATTANOOGA, Tenn., March 11 -- Miller Industries, Inc. intends to release its results for the fourth quarter and full-year ended December 31, 2004 on Monday, March 14, 2005 after the close of the market. In conjunction with this release, the Company will host a conference call that will be simultaneously broadcast liv ... Continue reading
Obsidian Enterprises, Inc. Receives Notice of Intent to go Private
INDIANAPOLIS, March 11 -- Obsidian Enterprises, Inc. announced today it has received a 13(d) filing of Timothy S. Durham, Chairman and CEO, Terry Whitesell, President and COO and Jeff Osler, Senior Vice President and Treasurer, and their related affiliates, of their intent to pursue any number of various transactions t ... Continue reading
Rolls-Royce Supports Women in Aviation
CHANTILLY, Va., March 11 -- Rolls-Royce is pleased to support and participate in the Women In Aviation Conference taking place in Dallas, TX, March 10-12, 2005. Rolls-Royce co-sponsored the opening reception with Northwest Airlines and is exhibiting at the conference. This is the third year that Rolls-Royce has support ... Continue reading
Sonic Automotive Executive to Speak at the Stephens Specialty Retailing Conference on March 15, 2005
CHARLOTTE, N.C., March 11 -- Sonic Automotive, Inc. , a leader in automotive retailing, announced that Lee Wyatt, executive vice president, chief financial officer and treasurer, will present at the Stephens Specialty Retailing Conference at 2 p.m. Tuesday, March 15 at The Waldorf-Astoria in New York. The presentation ... Continue reading
Tenneco Automotive to Webcast Presentation at Lehman Brothers 2005 High Yield Bond Conference
LAKE FOREST, Ill., March 11 -- Tenneco Automotive will participate in the Lehman Brothers 2005 High Yield Bond Conference to be held in Orlando, Florida, on Thursday, March 17, 2005. Ken Trammell, the company's chief financial officer, will present at 9:30 a.m. EST. Tenneco Automotive's live presentation will be webcas ... Continue reading
Visteon Announces Financial Agreement with Ford; Strategic and Structural Discussions Continue
VAN BUREN TOWNSHIP, Michigan, March 10 -- Visteon Corporation today announced a financial agreement with Ford Motor Company that will improve Visteon's operating results and cash flow and strengthen the operations that directly serve the automaker. The details of the financial agreement are being reported in a Securiti ... Continue reading
Mercedes-Benz Safety Innovations
<p> Mercedes-Benz Safety Innovations<br> By Carey Russ (c) 2005 Have you ever wondered where various features found in your car came from? Chances are they were originally Mercedes-Benz innovations. I suppose this shouldn't be too surprising, as the automobile as we know it could also be considered an innovation create ... Continue reading
Preview: 2005 Audi A4 By Carey Russ (c) 2005 Up to now, Audi has been the unknown German luxury-sports car manufacturer, at least in the U.S. Up to now. That is posed to change, with the imminent release of the 2005 version of its core model, the A4, and the A4's sports-oriented S4 sibling. The new A4 follows close on ... Continue reading
Viper Motorcycle Company Announces Merger Agreement with Viper Powersports
MINNEAPOLIS, March 11 -- Viper Motorcycle Company announced today that it has entered into a merger agreement with Viper Powersports Inc., a publicly-traded Nevada corporation in a transaction in which Viper Powersports will acquire 100% of Viper Motorcycle Company. The two companies expect to close this merger on or b ... Continue reading
DRIVING DOWN THE ROAD WITH CAREY RUSS Volvo, a style leader? Not long ago, that would have been the theme for a Swedish comedy routine. Volvos looked like the boxes they came in. And the only thing less likely than a stylish Volvo would have been a sporty Volvo. Sure, Volvo has been making turbocharged models since the ... Continue reading
By Steve Purdy Shunpiker Productions You’ve seen the ads. The new Ford Five Hundred smoothly navigates its way down a city street, eerily lit by spotty streetlights, dodging other cars sliding all around. Stability is the message – with tag line something about “the road ahead.” In one context s ... Continue reading
WIXOM, Mich. March11, 2005; The AP reported that Ford Motor Co. plans to lay off about 200 employees, or 11 percent of the work force, at its Wixom Assembly Plant when it stops making the Ford Thunderbird this summer, a company spokeswoman said Friday. Anne Marie Gattari said the affected workers will be offered jobs a ... Continue reading
Auto Club Group Launches New AAA Member Publication
AURORA, Ill., March 11 -- AAA members in the eight Midwest states served by The Auto Club Group (ACG) will receive a new and improved travel and lifestyle publication as part of their regular membership benefit, beginning with the March/April edition. Called AAA Living, the new publication will combine a contemporary l ... Continue reading
Ward's Reports Estimated North American Vehicle Production
SOUTHFIELD, Mich., March 11 -- Vehicle production this week in the U.S., Canada and Mexico is expected to hit an estimated 341,095 units, down 6.1 percent from the 363,333 cars and trucks built last week, according to WardsAuto.com. Including this week's estimates, calendar year North American output now totals 3,342,5 ... Continue reading
ESPN2 offers in-car views of Indy race
Mar 11, 2005 Broadcast Engineering reported that on March 6 sports channel ESPN2 offered viewers a slightly different look at the IndyCar Series season-opening race: a live telecast using in-car cameras. The coverage was a simulcast of ESPN’s coverage of the Toyota Indy 300 from the Homestead-Miami Speedway, only ... Continue reading
CSM Automotive Production Barometer (APB) - March 2005
DETROIT, March 11 -- CSM Worldwide, the leading provider of market intelligence and forecasting to the automotive industry, announces the March 2005 CSM Automotive Production Barometer(TM). Released in advance of existing sources of information, this new service provides an accurate tally of light vehicle production fo ... Continue reading
Amerigon Announces Fourth Quarter and Year-End Results Release and Conference Call Date
DEARBORN, Mich., March 11 -- Amerigon Incorporated today announced plans to release its fourth quarter and year-end results on Wednesday, March 16, 2005, at 7:30 a.m. (Eastern), and to host a conference call at 11:30 a.m. (Eastern) that same day. Conference Call Toll free dial-in number: 1-800-253-6872 International di ... Continue reading
Article Submission - How to find the perfect location for your China manufacturing operation
Hello, I would like to submit an informational news-item/article written by Michael Chu principle consultant of AsiaBizCo. Mr. Chu has over 15 years of international business development experience for US companies. Throughout his career, he has helped many Silicon Valley companies successfully launch projects with Asi ... Continue reading
Atos Origin Selected as Renault's Preferred Applications Management Partner
PARIS--March 11, 2005--Atos Origin, a leading international IT services provider, has signed an applications management contract with Renault to develop and maintain the French carmaker's applications worldwide and thus becomes its preferred applications management partner. The five-year contract is worth EUR 300 milli ... Continue reading
CHICAGO--March 11, 2005--Attorney General Lisa Madigan and Sen. James T. Meeks (D-15), introduced Senate Bill 1839, which would help protect used-car buyers in Illinois. Secretary of State Jesse White and Carfax are also endorsing SB-1839 that would make police-reported accidents information available to both dealers a ... Continue reading
TULSA, Okla., March 11 -- Dollar Thrifty Automotive Group, Inc. today announced the acquisition of the Thrifty Car Rental operation in San Jose, California. The acquisition, which adds approximately 550 vehicles to the company's corporate fleet, includes a location at San Jose International Airport's consolidated renta ... Continue reading
TROY, Mich.--March 11, 2005--GlobalAutoIndustry.com today announced the launch of its LATINtalk eJournal. The email and online publication provides international business solutions for automotive industry executives. The premier issue is to be distributed to over 20,000 automotive industry subscribers worldwide. "As au ... Continue reading
Modine Manufacturing and its Employees Worldwide Donate More Than $150,000 to Tsunami Relief
RACINE, Wis.--March 11, 2005--Modine Manufacturing Company , a world leader in designing thermal management solutions, from engine cooling to electronics cooling, announced today the Modine Charity Foundation and its employees worldwide have donated more than $150,000 to tsunami relief agencies. This money will be used ... Continue reading
Trelleborg Inaugurates New Plant in Wuxi, China
TRELLEBORG, Sweden, March 11 -- Today, the Trelleborg Group is inaugurating a newly constructed plant for its Automotive business area in Wuxi in China's expansive Shanghai region. With increased production capacity in this state-of-the-art plant, Trelleborg will now be better able to meet increasing demand from the au ... Continue reading
DaimlerChrysler Services North America Puts Helping Hands on Orlando
Automotive Finance Unit Lives Core Values WHAT: DaimlerChrysler Services North America, the automotive financing unit of DaimlerChrysler, is sending 60 employees and managers from around the country to the Wayne Densch YMCA, 870 N. Hastings Street in Orlando's Pine Hills community, for an afternoon of painting, landsca ... Continue reading
Car Maker Names Their America's Top Hometown Heroes
Three Category Winners Announced in Third Annual Volvo for Life Awards; Celebrity Judges to Honor Winners at March 24 Volvo for Life Awards Ceremony in Times Square; One Hero Will Receive a Volvo Car for Life NEW YORK, March 11 -- An Oregon domestic abuse survivor helping American women escape abusive relationships whi ... Continue reading
Grammer to Show Child-Booster Seat at Lifesavers 2005
TROY, Mich., March 11 -- Grammer AG-Automotive will feature its patented Integrated Child-Booster Seat (ICBS) at the Lifesavers 2005 conference, March 13-15, in Charlotte, North Carolina. Booster seats are now mandated by law in 28 states and the District of Columbia to properly position youngsters between 40 and 80 po ... Continue reading
DUBLIN, Ireland, March 11 -- Research and Markets (http://www.researchandmarkets.com/reports/c13855) has announced the addition of Review Of The Top 20 Automotive Engine Families: Management Briefing to their offering. (Logo: http://www.newscom.com/cgi-bin/prnh/20040820/RESEARCH ) Like vehicle manufacturing, the engine ... Continue reading
KVH TracVision A5 and Live Satellite TV Adds a New Level of Luxury to Limousines
MIDDLETOWN, R.I.--March 11, 2005-- Limo Company Owners Drive Home the Value of KVH's TracVision Satellite TV Antennas to their Business and Customers Limousine company owners know that a limo is more than just an automobile. It can be anything from a party on wheels to a mobile office. In both cases and for everything ... Continue reading
Automotive Hall of Fame Calling for the Best and Brightest of Young Automotive Leaders
DEARBORN, Mich., March 11 -- The Automotive Hall of Fame is seeking nominations for its Young Leadership and Excellence Awards. Winners will be honored at the Automotive Hall of Fame's annual awards ceremony in October. Since 1980, the Automotive Hall of Fame has honored a select group of just 57 men and women who have ... Continue reading
Kelley Used Car Retail Prices are Bull! - Buyer Beware!
Dear Bob, We just wanted to remind you that Enterprise is not only the best place to find a deal on a rental, but it's also your best source for a used vehicle. And now with our Super Sellathon in full swing, you can save hundreds on one of four great models. So whether it's getting around town, flying out of town or b ... Continue reading
Fiat Workers Go on Strike, Stage Demonstration in Rome
5:25 am ET ROME March 11, 2005; The AP reported that thousands of Fiat SpA workers who fear for their jobs at the struggling Italian group went on strike Friday and held a demonstration in Rome, unions said. The eight-hour strike was called at Fiat plants across the country. The protest in Rome drew as many as 10,000 p ... Continue reading
DUBLIN, Ireland, March 11 -- Research and Markets (http://www.researchandmarkets.com/reports/c13830 ) has announced the addition of Automotive Logistics Report Europe 2004 to their offering. (Logo: http://www.newscom.com/cgi-bin/prnh/20040820/RESEARCH ) The market for automotive logistics services in Europe is highly c ... Continue reading
LA Auto Club: Gas Prices Continue Upward Path
LOS ANGELES--March 11, 2005--Gasoline prices continued rising throughout Southern California last week by at least 5 cents a gallon in most regions, according to the Automobile Club of Southern California's Weekend Gas Watch. The turnaround process at the state's refineries is complete, but volatility in crude oil mark ... Continue reading
AAA Texas: Weekend Gas Watch; Ten Cents Increase at the Pumps
IRVING, Texas--March 11, 2005--Motorists are feeling the pain at the pumps as gasoline prices rise more than ten cents a gallon in some Texas cities, according to AAA Texas' Weekend Gas Watch. The statewide average price for a gallon of regular self-serve gasoline jumped 8.9 cents to $1.902 from $1.813 in only a week. ... Continue reading
CSC Wins $236 Million IT Infrastructure Services Contract With Renault
Relationship With Renault Will Help CSC Grow in French Outsourcing Market EL SEGUNDO, Calif., March 11 -- Computer Sciences Corporation announced today that it has signed an information technology (IT) infrastructure services contract with Renault, the leading car manufacturer headquartered in Paris, France. The contra ... Continue reading
Montgomery Gentry to Host the 2nd Annual Academy of Country Music Celebrity Motorcycle Ride
Dierks Bentley, Lonestar, The Warren Brothers, Ira Dean of Trick Pony, Mark Wills, Shelly Fairchild, Trent Willmon & James Otto Will Join Montgomery Gentry on Ride Proceeds to Benefit Newly Created Academy of Country Music Charitable Foundation BURBANK, Calif., March 11 -- Today the Academy of Country Music announced i ... Continue reading
Ray and T-Bird Gone- Say Ta Ta to the T-Bird - 2005 Model Swan Song
DETROIT March 9, 2005; Dee-Ann Durbin writing for the AP reported that we had fun, fun, fun 'til Ford took the T-bird away. Again. Ford Motor Co. said Thursday the 2005 model year will be the last for the current-generation Ford Thunderbird, a retro-styled convertible that went on sale in August 2001. Ford had planned ... Continue reading
AAA Clubs of Minnesota to Showcase NASCAR Nextel Cup Race Car and Racing Simulator at Auto Show
What: AAA Minnesota/Iowa's parent company, The Auto Club Group, has signed a contract with Roush Racing to sponsor the No. 99 AAA Ford Taurus, driven by Carl Edwards, at NASCAR Nextel Cup Series races in 2005. A full-size replica of the race car will be on display at the Minneapolis Auto Show. A Roush Racing Simulator ... Continue reading
ATLANTA, March 10 -- Veteran Jimmy Spencer will drive the #50 Dodge owned by Arnold Motorsports at the upcoming Atlanta and Bristol events in the NASCAR Nextel Cup Series. Arnold Motorsports has acquired sponsorship from U.S. Micro Corporation, based in Atlanta, for these two events. U.S. Micro Corporation sponsored th ... Continue reading
BOSTON--March 10, 2005--The new Strategy Analytics forecast, 'In-vehicle Communications and Automotive Bluetooth Market 2004-2011,' establishes 2005 as the year Bluetooth hits the mainstream. Volume shipments for automotive Bluetooth have started to build, doubling and even quadrupling in some regions during 2005, as t ... Continue reading
Auction Management Solutions, Inc. Sues to Stop Manheim Patent Infringement
TAMPA, Fla.--March 10, 2005--Auction Management Solutions, Inc., creator of the OnLine Ringman(SM) auction integration system, today filed a patent infringement lawsuit against automobile auction giant Manheim Auctions, Inc. of Atlanta, Ga. and Canadian corporation Live Global Communications of Moose Jaw, Saskatchewan. ... Continue reading
Northrop Grumman Sells 7.3 Million TRW Automotive Shares for $142.6 Million
LOS ANGELES, March 10 -- Northrop Grumman Corporation announced today the sale of 7,256,500 shares of TRW Automotive Holdings Corp. for approximately $142.6 million, or $19.65 per share. The sale, which is expected to close Friday, March 11, 2005, will result in a first quarter 2005 after-tax gain of approximately $70 ... Continue reading
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