Top North American Head Rolls at Visteon
NEW YORK, April 20, 2005; Reuters reported that auto supplier Visteon Corp. on Wednesday terminated "at-will" the employment of James Orchard, president of the company's North America operations, effective May 1. Visteon, which last month came to a deal with former parent Ford Motor Co. to aid the company which has bee ... Continue reading
Advance Auto Parts to Present at Lehman Brothers Retail Conference
ROANOKE, Va., April 20 -- Advance Auto Parts, Inc. , will be presenting at Lehman Brothers Eighth Annual Retail Seminar on Tuesday, April 26, 2005 beginning at 9:30 a.m. Eastern Daylight Time. A live broadcast of the presentation will be available online in the Investor Relations section of the Company's website at htt ... Continue reading
LAKE FOREST, Ill., April 20 -- Tenneco Automotive today commenced an offer to exchange up to $500 million principal amount of 8-5/8% Senior Subordinated Notes due 2014, which have been registered under the Securities Act of 1933, for a like amount of its 8-5/8% Senior Subordinated Notes due 2014, which were issued in N ... Continue reading
Volkswagen AG: Dr. Bernhard to Assume Chair of Volkswagen Brand Group May 1st
WOLFSBURG, Germany--April 20, 2005--Dr. Wolfgang Bernhard (44) will assume the chairmanship of the Volkswagen brand group starting on May 1, 2005. The Supervisory Board of the Volkswagen Group took note of this appointment at its meeting on Wednesday. Prof. Dr. ... Continue reading
MOUNTAIN VIEW, Calif., April 20 -- Aerielle(R), Inc. today announced the availability of a unique Aerielle Enabled(TM) (http://www.aerielleenabled.com/) iPod(R) automotive accessory, the Kensington(R) FM Digital Transmitter/Auto Charger for iPod, which transmits music on all FM frequencies. The FM Transmitter/Charger p ... Continue reading
DECATUR, Ga., April 20 -- Allied Holdings, Inc. (AMEX:AHI) announced they have rescheduled the previously announced conference call regarding a review of the results for the fourth quarter ending December 31st, 2004 and calendar 2004 results. Allied Holdings, Inc. will host a conference call Wednesday April 27th, 2005 ... Continue reading
Briggs & Stratton Declares Dividend
MILWAUKEE, April 20 -- Briggs & Stratton Corporation : At the regular quarterly meeting of the Board of Directors of Briggs & Stratton Corporation held today, a quarterly dividend of seventeen cents ($0.17) per share was declared on the common stock of the Corporation, payable June 30, 2005 to shareholders of record at ... Continue reading
Carrier Boyz Racing unveils 40th anniversary Bristol Dragway Dragster
CARRIER BOYZ RACING 40TH ANNIVERSARY BRISTOL DRAGWAY FRAM AIRHOG DRAGSTER *Visit our website at www.carrierboyzracing.com* * FOR IMMEDIATE RELEASE* * MEDIA CONTACT: MICKEY SCHULTZ PHONE/FAX: 770-476-8477 E-MAIL: mschultz@bellsouth.net <mailto:mschultz@bellsouth.net>* * fifth annual NHRA O'Reilly Thunder Valley NATIONAL ... Continue reading
Cendant Marketing Group Launches Comprehensive Security Initiative
NORWALK, Conn., April 20 -- As identity theft spirals out of control and health care prices surge amidst a volatile economy, the Cendant Marketing Group -- which includes Trilegiant Corporation and Progeny Marketing Innovations -- has launched a leading-edge initiative featuring a range of consumer protection services ... Continue reading
Chrysler Group Manufacturing Chief Recognized for Manufacturing Excellence
- Frank J. Ewasyshyn inducted into Shingo Prize Academy - Organization honors pursuit of manufacturing excellence - Address outlines manufacturing successes, goals AUBURN HILLS, Mich., April 20 -- Frank J. Ewasyshyn, Chrysler Group Executive Vice President of Manufacturing, was today inducted into the Shingo Prize Acad ... Continue reading
Dover Motorsports, Inc. Quarterly Earnings Conference Call Announcement
DOVER, Del., April 20 -- Dover Motorsports, Inc. invites you to participate in a conference call subsequent to the release of Dover Motorsports, Inc.'s earnings for the first quarter ended March 31, 2005. The conference call will be held on Thursday, April 28, 2005 at 9:45 a.m. Eastern Time. To listen to the conference ... Continue reading
Frozen Food Express Industries, Inc. Announces Planned Sale of Non-Freight Business Unit
DALLAS, April 20 -- Frozen Food Express Industries, Inc. said today that it has agreed to the sale of the operating assets of AirPro, its remaining non-freight business. The assets include accounts receivable, trade names, inventory and equipment. According to a letter of intent signed yesterday, the assets will be pur ... Continue reading
General Motors Wins Prestigious 2005 INFORMS Edelman Award: Innovation Saves Company Over $2 Billion
PALM SPRINGS, Calif., April 20 -- General Motors' innovative approach to problem solving has won the 2005 Franz Edelman Award for Achievement in Operations Research and the Management Sciences. The Edelman Prize, the culmination of a rigorous competition that recognizes innovation, is sought after by operations researc ... Continue reading
Gentex Reports First Quarter Results and Announces Extension of General Motors Long-Term Agreement
ZEELAND, Mich., April 20 -- Gentex Corporation , the Zeeland, Michigan-based manufacturer of automatic-dimming rearview mirrors and commercial fire protection products, today reported financial results for the first quarter ended March 31, 2005. The Company also reported that it has recently negotiated an extension to ... Continue reading
Greenlight to Hold MI Developments Shareholder Call Today
NEW YORK, April 20 -- As previously announced, Greenlight Capital, Inc. will hold a conference call today at 2:00pm EDT to discuss its proposals regarding MI Developments Inc. (TSX: MIM.SV.A, MIM.MV.B; NYSE: MIM) sale or spin off of its investment in Magna Entertainment Corp. and the conversion of MID into an income-or ... Continue reading
NEW YORK, April 20 -- Today, KPS Special Situations Funds ("KPS") announced it has entered into an exclusive relationship with Mr. George Thanopoulos. Mr. Thanopoulos will advise KPS in its pursuit of potential investments in the automotive supply industry. Mr. Thanopoulos formerly held a variety of senior executive po ... Continue reading
Krohn/TRG - Laguna Seca preview
in search of grip Krohn Racing/TRG will be chasing mechanical grip for the first Rolex Sports Car Series race at Laguna Seca Raceway in Monterey, Calif. The team will field two Pontiac-powered Riley Mk XI cars in the May 1 race – the No. 66 for Jörg Bergmeister of Langenfeld, Germany, and Italian Max Papis, now livi ... Continue reading
MBAH Clarifies the Restructuring of its Capital Structure
SCOTTSDALE, Ariz.--April 20, 2005--MBA Holdings, Inc. (OTCBB: MBAH) Scottsdale, Arizona, this news release is to clarify the recent actions by its Board of Directors, it has accepted the request of Cactus Family Investments, LLC ("Cactus") to convert 460,000 shares of the Company's Class A Preferred shares into 46,000, ... Continue reading
NEW YORK--April 20, 2005--Mercer Delta Consulting, a global management consulting firm that works with CEOs and senior leaders on large scale organizational change, today announced that David A. Nadler, Ph.D., chairman of Mercer Delta, is a 2005 recipient of The Society for Industrial and Organizational Psychology's (S ... Continue reading
MicroTRAK Inc. Hits the Market Running, Converting into a Publicly Traded Company
DALLAS--April 20, 2005--Effective as of April 20, 2005, MicroTRAK Inc. (Pink Sheets:MIOK), www.microtrakgps.com, (formerly Explore Energy Corp.) (MIOK), a Nevada Corporation, a parent of MicroTRAKgps Inc., also a Nevada Corporation, which is in the business of installing Global Positioning tracking devices in automobil ... Continue reading
Midway Auto Supply Is Early Provider of New INNOVA(R) CanOBD2(TM) Tool
DALLAS, April 20 -- Midway Auto Supply of Dallas, Texas (Midway) announces the immediate availability of INNOVA's new, feature-rich, CanOBD2 Tool that enables automotive technicians to access critical OBD2 diagnostic data faster and at a fraction of the cost of other onboard diagnostic (OBD) tools. The suggested retail ... Continue reading
Myers Industries Declares Quarterly Dividend
AKRON, Ohio--April 20, 2005--The Board of Directors of Myers Industries, Inc. today declared a regular $.05 per share dividend. The dividend will be paid July 1, 2005, to shareholders of record as of June 10, 2005. Myers Industries, Inc. is an international manufacturer of polymer products for industrial, agricultural, ... Continue reading
LAWRENCEVILLE, N.J.--April 20, 2005-- 30 Products Certified eBusinessReady in Latest AS2 EDI/XML Interoperability Test Round eBusinessReady(R), an industry-neutral software testing program under joint partnership of the Uniform Code Council, Inc.(R) (UCC) and Drummond Group Inc. (DGI), today announced that two new opti ... Continue reading
New Generation Crash Test Dummies
--To improve their smarts about auto safety improvements, engineers are turning towards dummies. Over the years, crash test dummies have become hi-tech safety test equipment that is helping safety engineers make vehicles safer. A video report from General Motors . You can reach the story directly by going to http://www ... Continue reading
NUMMI Recognizes Delphi for Quality, Delivery Performance
TROY, Mich., April 20 -- Delphi Corp. was recognized earlier this month by New United Motor Manufacturing, Inc. (NUMMI) for its quality and delivery performance in the supply of electrical/electronic distribution systems to the automobile manufacturer. (Logo: http://www.newscom.com/cgi-bin/prnh/20020315/DEF002LOGO ) NU ... Continue reading
O'Reilly Automotive, Inc. Announces 2005 First Quarter Earnings Release and Conference Call
SPRINGFIELD, Mo.--April 20, 2005--O'Reilly Automotive, Inc. (the "Company") announced the release date for first quarter 2005 earnings as Tuesday, April 26, 2005, with a conference call to follow Wednesday, April 27, 2005. The Company's first quarter 2005 earnings will be released after 5:30 p.m. central time on Tuesda ... Continue reading
SideStep Inks Marketing Deals With Leading Ground Transportation Providers
Traveler's Search Engine to Build Direct Relationships Between Consumers and Trusted Travel Brands SANTA CLARA, Calif., April 20 -- SideStep, Inc., the traveler's search engine, today announced both new and expanded marketing agreements with seven leading ground transportation providers, including Dollar Rent A Car, Th ... Continue reading
Siemens Shared Services' Jim McCarthy Named Fleet Manager of the Year
Wheels, Inc. Spotlights Award Announcement DES PLAINES, Ill., April 20 -- Wheels, Inc., in partnership with Automotive Fleet Magazine and the Automotive Fleet and Leasing Association (AFLA) today announced that Jim McCarthy, Director Vehicle Management Services for Siemens Shared Services, LLC, has been named Automotiv ... Continue reading
Tower Automotive Closing Three Automotive Plants, an Advisory from Industrialinfo.com
HOUSTON--April 20, 2005--Researched by Industrialinfo.com (Industrial Information Resources, Incorporated; Houston, Texas). Tower Automotive (Novi, Michigan) has announced that it would be closing three of its manufacturing plants by the end of June and severely trimming employment at a fourth. For details on this deve ... Continue reading
triple threat TRG will field three Porsche 911 GT3 Cup cars in the May 1 Rolex Sports Car Series race at Laguna Seca Raceway. Series GT championship leaders Marc Bunting of Monkton, Md., and Andy Lally of Dacula, Ga., will lead the charge in the No. 65 Auto Gallery/TRG Porsche. Their new teammates Steve Johnson of Bris ... Continue reading
Webcast Alert: Spartan Motors, Inc. Announces First Quarter 2005 Results Webcast
CHARLOTTE, Mich., April 20 -- Spartan Motors, Inc. today announced that it plans to announce its first quarter 2005 results prior to the market opening on April 28, 2005. The Company also said it will host a webcast the same day at 10 a.m. Eastern to discuss its results: What: Spartan Motors, Inc. Announces First Quart ... Continue reading
LAFAYETTE, Ind.--April 20, 2005--Wabash National Corporation announces the following Webcast: What: Wabash National Corporation First Quarter 2005 Earnings Results Conference Call Webcast When: April 21, 2005 @ 10:00 AM Eastern Where: http://www.vcall.com/EventPage.asp?ID=91402 How: Live over the Internet -- Simply log ... Continue reading
Wescast Industries Inc. Hosts Conference Call and Webcast to Discuss 1st Quarter Earnings
BRANTFORD, Ontario--April 20, 2005--Wescast Industries Inc. (TSX:WCS.A), the world's largest supplier of exhaust manifolds for passenger cars and light trucks will hold its quarterly conference call to discuss fourth quarter financial results on Wednesday, April 27, 2004, at 3:00 p.m. (ET). To participate in the call, ... Continue reading
Potholes and Other Road Hazards Can Damage Shocks and Struts
Severe Impacts to Ride Control and Other Undercar Parts Can Affect Vehicle Steering, Stopping and Stability Performance MONROE, Mich., April 20 -- That seemingly bottomless pothole stands ready to deliver a bone-jarring impact not only to you and your passengers, but also to key vehicle components that help provide saf ... Continue reading
Midas Expects First Quarter U.S. Comparable Shop Sales Increase of 4 Percent
ITASCA, Ill.--April 20, 2005--Midas, Inc. expects to report first quarter increases in comparable shop retail sales at Midas shops in the United States of 4 percent--with an increase of approximately 3.5 percent in North American shops. Midas will report its first quarter results in early May. "The company has now achi ... Continue reading
Navicom: Police Test GPS Solutions
SCOTTSDALE, Ariz., April 20 -- NowAuto, Inc. announced today that wholly owned subsidiary Navicom received notification that a Hillsborough County, Florida Police Department will begin testing Navicom GPS. Units have been shipped to the department for a 6-week trial to consider use. This is the second Law Enforcement D ... Continue reading
Home123 Becomes Official Mortgage Company of NASCAR
-Company Plans to Build Awareness Among Brand-Loyal, Family Oriented Fans of Popular Sport- IRVINE, Calif., April 20 -- New Century Financial Corporation , a real estate investment trust and parent company of one of the nation's largest non-prime mortgage finance companies, is pleased to announce that its retail lendin ... Continue reading
Leonard Ready For Salem Thunder
Leonard Ready For Salem Thunder Salem, Indiana - - Buckle up and hang on tight. After competing in Superspeedways for the first two events on the ARCA RE/MAX Series schedule, Johnny Leonard and his Florida Motorsports Group (FMG) team head to Salem Speedway, for the first of several short track events on the 2005 RE/MA ... Continue reading
BorgWarner Declares Quarterly Dividend
AUBURN HILLS, Mich., April 20 -- The board of directors of BorgWarner Inc. has declared a quarterly dividend of $0.14 per share on all of the company's issued and outstanding common stock. The dividend is payable May 16, 2005 to shareholders of record on May 2, 2005. Auburn Hills, Michigan-based BorgWarner Inc. is a pr ... Continue reading
Bricklin Reveals Hardtop Convertible For Under $19K
The new Chery/Visionary Vehicles retractable hardtop convertible with senior executives from Chery Automobile, Pinninfarina, and Visionary Vehicles in Turin, Italy. Executives in the picture (from left to right) are: Ken Okuyama Creative Director, Pininfarina S.p.A. Yin Tongyao President, Chery Automobile Co. Andrea Pi ... Continue reading
New Chevrolet Aveo World Debut
The all-new Chevrolet Aveo is making its worldwide debut at Auto Shanghai 2005, China’s premier auto show in 2005. The new sedan, which was developed in Korea by GM Daewoo Auto & Technology (GM Daewoo) with assistance from the Pan Asia Technical Automotive Center (PATAC) in Shanghai, will be rolled out in more th ... Continue reading
TRW Automotive Launches Production of Active and Passive Safety Products for New Audi A6 in China
LIVONIA, Mich., April 20 -- TRW Automotive Holdings Corp. today announced that it has launched production of active and passive safety systems and components from its China operations to support the launch of the new Audi A6 model built at First Auto Works in Changchun. (Logo: http://www.newscom.com/cgi-bin/prnh/200108 ... Continue reading
Adam Revo Made in Pakistan Intro
Adam Motor Co., an assembler of Chinese SUVs and pickup trucks in Pakistan introduced an indigenous automobile earlier this week. Called the Revo, it is a 3576 mm long hatchback, powered by either a 800 cc or a 1051 cc petrol engine, sourced from Wuling in China. Otherwise the car is built from local parts. Plans call ... Continue reading
Toyota Boshoku and DENSO to Establish Filter Manufacturing Company in China
TOKYO, April 20 -- Toyota Boshoku Corporation and DENSO Corporation today announced the companies will jointly establish a filter manufacturing company -- Toyota Boshoku Foshan Co., Ltd. (tentative name) -- in Foshan, Guangdong, China. The initial investment will be approximately US$17.8 million. The new company will c ... Continue reading
Honda Introduces a New Generation of Intelligent General Purpose Engines
iGX Engine Represents an Industry First ALPHARETTA, Ga., April 20 -- Honda announced today that it is introducing a revolutionary new generation of intelligent computer controlled iGX general purpose engines that will set a new standard for ease of use, value fuel efficiency, and quiet operation. Honda iGX engines will ... Continue reading
Northeast Auto Acceptance Corp.'s Internet Sales Division Posts Strong Sales
MERRICK, N.Y.--April 20, 2005--Northeast Auto Acceptance Corp. (OTC: NAAC) announced today that the company's Internet sales division, Northeast Online, which is located at www.neaaonline.com, has sold over $850,000 worth of vehicles since the site went live in mid-January. Bill Solko, Northeast's CEO stated, "We're ve ... Continue reading
U.S. Auto Parts Launches Redesigned Web Site with Exciting New Features
CARSON, Calif.--April 20, 2005--U.S. Auto Parts, the nation's leading Internet direct marketer of automotive aftermarket collision replacement parts and accessories, announced today that they have officially unveiled their newly renovated Web site, www.usautoparts.com. The new-and-improved Web site now provides more co ... Continue reading
Chrysler Group to Increase Size of HEMI Badge
* Size of badge increases 145 percent * Take-rate for the HEMI(R) is 44 percent * 556,614 HEMI engines sold AUBURN HILLS, Mich., April 20 -- Chrysler Group is building a bigger, better HEMI badge. "By increasing the size of the HEMI badge, we're building awareness and helping our customers communicate what they're pack ... Continue reading
AAA Chicago Monthly Gasoline Price Data Reveals Steady Climb
AURORA, Ill., April 20 -- Month-to-month, the statewide average for gasoline in Illinois and Northern Indiana continues to rise. AAA Chicago's most recent Fuel Gauge Report estimates that for the month of April 2005, Illinois motorists will pay an average of $2.31 per gallon for regular unleaded gasoline. That's up 23 ... Continue reading
New Seat Leon: Sporty Elegance For European Drivers
Seat has issued the following press release: The Salsa concept created in 2000 has become automotive reality in the form of the new SEAT León. The elegantly styled body, blends the sporty image of a coupé with five-door practicality, whilst emphasising the trademark “design to stir the emotions" which Walter de ... Continue reading
Dana Corporation Reports First-Quarter Results for 2005
TOLEDO, Ohio, April 20 -- Dana Corporation today announced that its 2005 first-quarter sales were $2.5 billion, compared to $2.3 billion during the same period last year. Net income for the quarter totaled $18 million, or 12 cents per share, versus $65 million, or 43 cents per share, for the period in 2004. (Logo: http ... Continue reading
Federal-Mogul Reports First Quarter 2005 Results
SOUTHFIELD, Mich.--April 20, 2005--Federal-Mogul Corporation (OTCBB:FDMLQ) today reported its financial results for the three-month period ended March 31, 2005. During the first quarter of 2005 Federal-Mogul recognized a net loss of $48 million on sales of $1,633 million. Financial Summary (in millions) Three Months En ... Continue reading
Autobytel's AIC Chosen by Microsoft to Power New Hispanic Auto Channel for MSN Latino
AIC Tools Provide MSN Latino Car Shoppers With State of the Art Vehicle Search, Comparison and Viewing Capabilities in Their Preferred Language IRVINE, Calif., April 20 -- Autobytel Inc.'s vehicle data division, Automotive Information Center (AIC), has been chosen by MSN Latino, the Spanish-language Internet portal for ... Continue reading
DUBLIN, Ireland, April 20 -- Research and Markets (http://www.researchandmarkets.com/reports/c16068 ) has announced the addition of A Global Market Review Of Vehicle Interior Electronics, 2nd Edition to their offering. (Logo: http://www.newscom.com/cgi-bin/prnh/20040820/RESEARCH ) The electrical and electronic content ... Continue reading
PRIMEDIA Announces Bold New Look For Car Craft Magazine
LOS ANGELES--April 20, 2005--PRIMEDIA Inc. , the country's leading targeted media company, today announced the redesign of its well-known automotive title, Car Craft, continuing the company's commitment to editorial and visual excellence. Recognized as the world's largest street machine magazine, reaching more than thr ... Continue reading
Sales Down, Costs Up - Lower Ford Profit
DETROIT April 20, 2005; Reuters reported that Ford Motor Co. posted a 38 percent drop in quarterly earnings, pressured by falling U.S. sales and rising costs, and further cut its North American production to bring down excess inventories. Earnings were substantially higher than Wall Street had expected, but the No. 2 U ... Continue reading
Nashville Inventor Scores Big at PACE Awards
Window Lift Technology System Wins Auto Industry's Prestigious PACE Award NASHVILLE, Tenn., April 20 -- Score one for the little guy with the big idea! Nashville inventor Dr. Paul J. Fenelon and Mertech Intellectual Properties, the company marketing his new Dual Rack and Pinion (DR&P) window regulator technology, have ... Continue reading
LAS VEGAS & NEW YORK--April 20, 2005-- Top-Rated Morning Show Highlights Hybrid Technologies' Lithium Powered Products, Spotlighting the World's First Lithium-Powered Embassy Vehicle; British Embassy Mini Cooper Impresses New York Media Hybrid Technologies, Inc. (OTCBB:HYBT) - www.hybridtechnologies.com - R-Electric Ca ... Continue reading
Amerigon Announces Date for Annual Shareholders Meeting
DEARBORN, Mich., April 20 -- Amerigon Incorporated today announced that its Annual Meeting of Shareholders will be held on Thursday, May 19, 2005, at 11:00 a.m. Eastern Time. The meeting will be held at the Company's corporate offices in Dearborn, MI, and all shareholders are invited to attend. Only holders of the Comp ... Continue reading
Finance Express, LLC Launches Online Finance Platform for Independent Auto Dealers
RANCHO SANTA MARGARITA, Calif., April 20 -- Finance Express has announced the national launch of the FEX system, the first online auto finance program specifically designed for the independent auto dealer. Finance Express is a comprehensive solution that provides auto dealers with online access to lenders, credit burea ... Continue reading
MarineMax to Broadcast Review of Fiscal Second Quarter 2005 Results over the Internet
CLEARWATER, Fla.--April 20, 2005--MarineMax, Inc. , the nation's largest recreational boat retailer, today announced that the Company will hold a conference call to review fiscal second quarter 2005 results on Thursday, April 28, 2005, at 8:30 a.m. Eastern Time. During the conference call, it is possible that the Compa ... Continue reading
PHOENIX, April 20 -- Universal Technical Institute, Inc. , a provider of technical education training, announced today that it will hold a conference call on Wednesday, May 4, 2005 at 5:00 p.m. Eastern time (2:00 p.m. Phoenix time) to discuss its fiscal 2005 second quarter financial results, operating performance and b ... Continue reading
Lincoln and Earvin 'Magic' Johnson Showcase Urban Cool With Luxury Events
ATLANTA, April 20 -- With fashion, music and entertainment serving as the blueprint for urban cool, Ford Motor Company's Lincoln brand teams up with NBA legend Earvin "Magic" Johnson for a series of signature events designed to celebrate the essence of luxury. Lincoln highlights the newest member of its family, the all ... Continue reading
Ford Motor Credit Earns $710 Million in the First Quarter
DEARBORN, Mich., April 20 -- Ford Motor Credit Company reported net income of $710 million in the first quarter of 2005, up $22 million from earnings of $688 million a year earlier. On a pre-tax basis from continuing operations, Ford Motor Credit earned $1,061 million in the first quarter, compared with $1,047 million ... Continue reading
Ford's Profit Falls Sharply As Competition Hurts Sales
* Net income of 60 cents per share, or $1.21 billion. * Earnings from continuing operations of 62 cents per share, or $1.26 billion, excluding special items. [Earnings per share from continuing operations is calculated on a basis that includes pre-tax profit (excluding special items), provision for taxes and minority i ... Continue reading
Cooper Tire & Rubber Company Reports First Quarter 2005 Results
First Quarter Highlights * Net sales increased 7 percent to a new first quarter record * Sales from North American Tire Operations increased 8 percent * Unit sales of high performance tires increased 32 percent * Additional net gain on automotive sale of $6 million * Recapitalization continued with 6.4 million shares r ... Continue reading
KVH TracVision Named Exclusive Satellite TV System for Leading RV Maker Fleetwood
MIDDLETOWN, R.I.--April 20, 2005-- KVH, Long-time In-motion Satellite TV Provider to Fleetwood, Displaces Stationary Satellite Provider in Competitive Bid Process KVH Industries, Inc., announced today that Fleetwood Enterprises , the nation's leading manufacturer of recreational vehicles, has selected KVH as its sole s ... Continue reading
Mercedes to Make Cars in China
April 20, 2005; Bret Okeson writing for Bloomberg reported that DaimlerChrysler AG said China will approve next month a plan to manufacture Mercedes-Benz cars in the world's third-largest vehicle market, adding to a glut of capacity that is forcing rival BMW to cut prices. ``As capacity increases, naturally competition ... Continue reading
STATEMENT: LAND ROVER IS NOT CONNECTED TO MG ROVER GROUP INSOLVENCY
BRAMALEA, ON, April 19, 2005 – In view of some recent media and misunderstandings, Land Rover would like to make it clear that it is an entirely separate company from MG Rover. With the appointment of administrators at MG Rover in the UK, Land Rover wishes it to be made clear that there is no connection between t ... Continue reading
GM Family Showcases Record Lineup of Brands and Products at Auto Shanghai 2005
Shanghai, China April 19, 2005; General Motors is joining its joint ventures in China to showcase an unprecedented number of vehicles and brands at Auto Shanghai 2005. This year’s leading auto show in China runs from April 21 to 28. “We are proud to be displaying our broad lineup of domestically built and i ... Continue reading
GM Reports First Quarter Financial Results
* Q1 Adjusted Loss $1.48 Per Share, Excluding Special Items * Q1 Reported Loss $1.95 Per Share on Revenue of $45.8 Billion * Continued Strong Liquidity at GM, GMAC DETROIT April 19, 2005; General Motors Corp. today reported a loss of $839 million, or $1.48 per diluted share in the first quarter of 2005, excluding speci ... Continue reading
General Motors Reports $1.1 Billion First-Quarter Loss on Weak Response to New Models, Charges
DETROIT April 19, 2005; John Porretto writing for the AP reported that General Motors Corp. reported its deepest quarterly loss in more than a decade -- $1.1 billion -- as rising health care costs and lackluster response to some new models hammered its North American business. With health costs not getting any cheaper ... Continue reading
Lexus Announces Details of Fuji Lexus College Training Facility
Tokyo (JCNN) - Toyota Motor announced on April 18 that Lexus has begun operating the Fuji Lexus College Training Facility. Established in March as a Lexus-exclusive training facility to develop the human resources, dealers and hospitality necessary to provide unparalleled after-sales service and purchasing, the college ... Continue reading
Nissan Reveals Five New Products in China
Shanghai, China, Apr 19, 2005 - (JCN Newswire) - Nissan Motor Co., Ltd., today revealed five new products to be introduced in the Chinese market at a unique "SHIFT_" launch event in Shanghai. The five models are the Tiida compact sedan, Tiida hatchback, Fuga luxury sedan, Quest minivan, and 350Z sports coupe. Sales of ... Continue reading
Nissan Provides $100,000 in Scholarships for Local High School Seniors
GARDENA, Calif.--April 19, 2005--Nissan North America, Inc. (NNA) and the United Negro College Fund (UNCF) are currently seeking applicants for its NISSAN-UNCF "SHIFT_" knowledge Scholarship Program. The NISSAN-UNCF "SHIFT_" knowledge scholarship was created in 2004 to recognize the academic achievement and leadership ... Continue reading
Raytech Corporation Announces 2004 Results
SHELTON, Conn.--April 19, 2005--Raytech Corporation announced today the results of operations for the year ended January 2, 2005. Net sales for the period of $227.3 million compared to $205.9 million for the 2003 fiscal year, an increase of $21.4 million or 10.4%. The Company recorded a net loss for the period of $2.8 ... Continue reading
First American CREDCO Announces Free Fraud Alerts on Credit Reports to Automotive Dealers
- Company Declares April as 'Auto Fraud Awareness Month' - POWAY, Calif., April 19 -- First American CREDCO, the leading provider of specialty credit reports to the automotive, mortgage and consumer finance industries and a member of The First American Corporation family of companies, launched plans to protect their ne ... Continue reading
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