When Joe the Specialty Transport driver met me in my parking lot with the silver 2005 Suzuki Aerio SX he saw a big smile break out on my face…why you might ponder…is it because I was changing last week’s tester a Suzuki XL-7 SUV for a zippy 5 on the floor sporty and head turning car just as the weathe ... Continue reading
General Motors Corp., GMAC Ratings Lowered to 'BB' on Concerns About Business Prospects
NEW YORK, May 5 -- Standard & Poor's Ratings Services said today that it lowered its long- and short-term corporate credit ratings on General Motors Corp. (GM), General Motors Acceptance Corp. (GMAC), and all related entities to 'BB/B-1' from 'BBB-/A-3'. The rating outlook is negative. Consolidated debt outstanding tot ... Continue reading
Ducati Motor Holding: Annual Shareholders Meeting
BOLOGNA, Italy, May 5 -- Ducati Motor Holding S.p.A. , a leading manufacturer of high performance motorcycles, today announced that, during the Shareholders Meeting held on May 5, 2005: Ordinary meeting: - the financial statement at 31 December 2004 was approved; - the Group consolidated financial statements at 31 Dece ... Continue reading
Insequence Announces Additional Business With Faurecia
SMYRNA, Tenn., May 5 -- Insequence Corporation, the North American leader in Just-in-Sequence (JIS) solutions, announces increased business with Faurecia. The new business includes supplying complete turnkey sequential part delivery (SPD) systems for two Faurecia facilities while adding build-in-sequence capabilities a ... Continue reading
Apogee Enterprises Closes on $100 Million Revolving Credit Facility
MINNEAPOLIS--May 4, 2005--Apogee Enterprises, Inc. announced that today it closed on a new $100 million unsecured, revolving credit facility. Borrowings under the five-year, committed facility will be available for working capital requirements and general corporate purposes, including capital expenditures and to replac ... Continue reading
Lear Declares Second-Quarter Cash Dividend
SOUTHFIELD, Mich., May 5 -- Lear Corporation today announced that its Board of Directors has declared a quarterly cash dividend of $0.25 per share on the company's common stock. The dividend is payable on June 6, 2005, to shareholders of record at the close of business on May 20, 2005. Lear Corporation, a Fortune 500 c ... Continue reading
DIRT MotorSports World of Outlaws Stacker 2 Late Model Series Begins
NORMAN, Okla.--May 5, 2005--Boundless Motor Sports Racing, Inc. d/b/a DIRT MotorSports(TM) (DIRT) announced that the World of Outlaws Stacker 2(R) Late Model Series(R) Dixie Chopper 50 from Virginia Motor Speedway will be broadcast on PEE Channel Saturday, May 7th at 3 p.m. with a repeat broadcast Monday, May 9th at 1 ... Continue reading
Arctic Cat Declares Quarterly Cash Dividend
THIEF RIVER FALLS, Minn.--May 5, 2005--Arctic Cat Inc. today announced that its board of directors has declared a regular quarterly cash dividend of 7 cents per share of common and class B common stock. The dividend is payable on or about June 1, 2005, to shareholders of record as of the close of business on May 19, 20 ... Continue reading
Auto Insurance Company Expands Concierge Level of Claims Service
PARMA, Ohio--May 5, 2005-- New Parma Site Manages Entire Claims/Repair Process, Providing Convenience for Customers or Anyone in the Area Who Has a Claim with Progressive For those who have ever been involved in an auto accident and filed a claim, you know what it's like--some insurance companies ask you to get your ow ... Continue reading
Ford Responds to Standard & Poor's Credit Rating Downgrade
DEARBORN, Mich., May 5, 2005; The following statement is attributable to Don Leclair, Ford Motor Company's executive vice president and chief financial officer, in response to today's announcement by Standard & Poor's to change its credit ratings for the Company and its Ford Motor Credit unit to the non-investment grad ... Continue reading
Goo Goo Dolls Headline SIRIUS BMW Channel 18-Hour Marathon Broadcast on May 6th
Dozens of Best Driving Songs of All Time and BMW '3 Across America' Travelogues Precede Exclusive Live Performance WOODCLIFF LAKE, N.J., May 5 -- Rock sensation the Goo Goo Dolls will headline an unprecedented 18-hour marathon of unique programming on a special SIRIUS Satellite Radio BMW channel. Preceding the Goo Goo ... Continue reading
ROAD & TRAVEL Magazine Introduces Auto & Travel Network Portals; Adds Rich Media
DETROIT, May 5 -- ROAD & TRAVEL Magazine (RTM) announced today the introduction of its new "Automotive Network" and "Travel Network" landing pages. Serving as the doorway for entry into the wide variety of content RTM offers in each category, each Network portal also introduces rich media into the mix, offering adverti ... Continue reading
Sequa Posts Higher Sales, Strong Gains in Profits for the First Quarter
NEW YORK--May 5, 2005--Sequa Corporation (NYSE; SQAA) began 2005 on a strong positive note, posting a 69 percent increase in operating income on a 10 percent rise in sales for the first quarter, company chairman, Norman E. Alexander, announced at the annual meeting here today. Sales for the first quarter ended March 31 ... Continue reading
Supply Chain Collaboration Key to Reducing Warranty Costs DETROIT, May 5 -- The Automotive Industry Action Group (AIAG) continues to address spiraling warranty costs for the automotive supply chain by hosting its first-ever conference on the issues impacting warranty on May 13 at the Burton Manor in Livonia, Mich. The ... Continue reading
Kansas City Becomes Hybrid Vehicle Capital of America
Hybrids Find a Home in the Heartland as America Responds to Gasoline Prices KANSAS CITY, Mo., May 5 -- As gas prices continue to hold steady at a record high between $2 and $3 per gallon across the United States, Kansas City is poised to lead the next generation of automobiles as the nation's only city currently slated ... Continue reading
History To Be Made at Heartland Park Topeka in Fall 2006
TOPEKA, Kan. (May 4, 2005) - Heartland Park Topeka and the Sports Car Club of America (SCCA) have announced the dates for the 2006 SCCA National Championship Runoffs®, taking a page of the event's own history and returning the 43rd running of the classic to a more traditional October date for the first event at Heartl ... Continue reading
Nissan Receives 2005 Best of ITS Award for Deployment of Iteris Lane Departure Warning Technology;
ANAHEIM, Calif.--May 5, 2005--Iteris Inc. (AMEX:ITI), a leader in the development of vision-based technology that enhances driver safety, today announced that its Lane Departure Warning (LDW) technology, jointly developed for Nissan with Valeo, won a 2005 Best of ITS Award in the best new product, service or applicatio ... Continue reading
HOUSTON--May 5, 2005--Six Cat(R) lift truck dealers were awarded Cat Lift Trucks' coveted Platinum Dealer of Excellence award and an additional 17 dealers received the prestigious Gold Dealer of Excellence Award at an awards ceremony in Greece. The awards recognize the efforts of dealers in the U.S. and Canada for thei ... Continue reading
ABI Research Announces European Acquisition & Expansion
OYSTER BAY, N.Y.--May 5, 2005--ABI Research announced today that it has acquired Concise Insight Europe Ltd. This acquisition enhances the US-based technology market analyst firm's global operations by adding a local research operation in Europe, dedicated to the study of European technology markets. Concise Insight is ... Continue reading
ANSYS CFX To Streamline Disk Drive Development at Samsung Information Systems America (SISA)
SISA to Save Time and Money on Disk Drive Design SOUTHPOINTE, Pa., May 5 -- ANSYS, Inc. , a global innovator of simulation software and technologies designed to optimize product development processes, today announced that Samsung Information Systems America (SISA), a wholly-owned subsidiary of Samsung Electronics Co., ... Continue reading
Brose Continues North American Expansion
Supplies Mercedes-Benz From New Tuscaloosa, Alabama Manufacturing Facility VANCE, Ala., May 5 -- Brose, a global leader in vehicle window regulators, door, seat and closure systems, announced the grand opening of its newest North American manufacturing facility, Brose Tuscaloosa, Inc. The facility will provide door sys ... Continue reading
China Media1 Corp.: Mazda Motors Secures Advertising Space at Guangzhou Subway System
IRVINE, Calif.--May 5, 2005--China Media1 Corp. (OTCBB: CMDA) is pleased to announce that the Company's Guangzhou MTR (Subway System) Pillar Advertising Project has received a 3-month contract from the Mazda Motor Corporation to advertise their newest series of automobiles. Recently Mazda Motors announced a mid-term go ... Continue reading
Commercial Representation Agreement - Chinese Market
BLAINVILLE, QC, May 5 -- Mr. Vianney Dumoulin, Executive Vice- President of NewTech Brake Corp. is pleased to announce that NewTech Brake Mfg. (Suzhou) Co., Ltd. has entered into an agreement with Chengdu Universal Business Co. Ltd. located in Chengdu, Province of Sichuan, China. ... Continue reading
DENSO Honored by General Motors as a 2004 Supplier of the Year
SOUTHFIELD, Mich., May 5 -- DENSO International America, Inc. was named as a General Motors Supplier of the Year for its overall business performance in providing GM with world-class parts and services. The award was given during ceremonies Saturday, April 23, at the General Motors Vehicle Engineering Center in Warren, ... Continue reading
Eaton Facility Recognized by Toyota for Superior Quality and Delivery
SOUTHFIELD, Mich.--May 5, 2005--For the 12th consecutive year, Eaton Corporation , a diversified industrial manufacturer, received Toyota Motor Manufacturing North America, Inc.'s (TMMNA) highest honor for superior quality and delivery of engine valves. Eaton's US Engine Valve facility in Westminster, S.C., a partnersh ... Continue reading
Engineous Software to Open Process Integration Center in Detroit
CARY, N.C.--May 5, 2005--Engineous Software, provider of award-winning integration, automation, and design optimization technology, and related strategic services, announced today that they will open in April, a Process Integration center in their Detroit, MI office. The center will serve as a focal point for customers ... Continue reading
Metaldyne Brings Patented Dynaturn Process to Europe with New Business Program
Patented Process Improves Brake Performance, Reduces Warranty Costs PLYMOUTH, Mich., May 5 -- Metaldyne announced today that it will use its patented Dynaturn process to supply mini-corner modules for a North American automaker in Europe, marking the introduction of the process to the European market. Metaldyne's Barce ... Continue reading
NAVTEQ Announces Pricing of Secondary Offering of Common Stock
CHICAGO, May 5 -- NAVTEQ Corporation , a leading global provider of digital maps for vehicle navigation and location- based solutions, today announced the secondary public offering of 30,000,000 shares of NAVTEQ common stock at a price of $37.50 per share. NAVTEQ's common stock is listed on the New York Stock Exchange ... Continue reading
Operating Systems Will Gain Newfound Prominence in the Automotive Environment, says ABI Research
OYSTER BAY, N.Y.--May 5, 2005--The wealth of functionality that has reached the automotive interior, from entertainment center to telematics connector to navigation device, has changed the way automakers are forced to approach software, according to ABI Research's new study "Automotive Operating Systems." Vehicles ofte ... Continue reading
ProQuest to Present at Baird 2005 Growth Stock Conference
ANN ARBOR, Mich., May 5 -- ProQuest Company , a leading publisher of information solutions for the education and automotive markets, will present at the upcoming 2005 Baird Growth Stock Conference at the Four Seasons Hotel in Chicago, IL. Alan Aldworth, ProQuest's Chairman, President and CEO, will begin his presentatio ... Continue reading
Research and Markets: Online Automotive Financing - Exploring Incremental Revenue Channels
DUBLIN, Ireland, May 5 -- Research and Markets (http://www.researchandmarkets.com/reports/c16774 ) has announced the addition of Online Automotive Financing - Exploring Incremental Revenue Channels to their offering. (Logo: http://www.newscom.com/cgi-bin/prnh/20040820/RESEARCH ) Online financing institutions capture on ... Continue reading
ANAHEIM, Calif.--May 5, 2005--SaVi Media Group, Inc. (OTCBB: SVMI) today announced the addition of Terri Jenkins-Brady, a consultant with over 25 years of experience in journalism and public relations, to the Company. Mrs. Jenkins-Brady will specialize in increasing SaVi Media Group's product awareness among the genera ... Continue reading
Sika Automotive Announces Participation at SAE NVH Conference
MADISON HEIGHTS, Mich., May 5 -- Sika Automotive is pleased to announce their participation in this year's Society of Automotive Engineers' (SAE) Noise and Vibration Conference. The event will be held May 16 through May 19, 2005 at the Grand Traverse Resort in Traverse City, Michigan. The SAE NVH conference will bring ... Continue reading
SiriCOMM Enters Network Pilot Program With ACS
Network to Be Installed at PrePass Roadside Weigh Stations JOPLIN, Mo., May 5 -- SiriCOMM, Inc. (BULLETIN BOARD: SIRC) , an applications service provider and nationwide broadband wireless network operator serving the highway transportation industry, today announced a pilot project agreement with ACS State and Local Sol ... Continue reading
Solutia Automotive Wins PR Award
Automotive Public Relations Council Honors Solutia With Award for Outstanding Achievements in Media Relations for 2005 Design Los Angeles Sponsorship TROY, Mich., May 5 -- Solutia Automotive (Solutia) announced today that it is the recipient of a Silver Award in the annual Automotive Public Relations Council's (APRC) E ... Continue reading
HARRISBURG, Pa.--May 5, 2005--TransCore announces new trailer tracking sensors, including a first-of-its-kind infrared cargo sensor and a temperature sensor, for use on TransCore's GlobalWave(R) satellite communications products. Infrared beam technology, used extensively in household remotes and appliances along with ... Continue reading
Gentex Shipping Auto-Dimming Mirrors for 2005 Kia Opirus
ZEELAND, Mich., May 5 -- Gentex Corporation, the leading supplier of automatic-dimming mirrors to the worldwide automotive industry, has begun shipping interior and exterior auto-dimming mirrors for the 2005 Kia Opirus, a luxury passenger car manufactured and sold in Korea. The vehicle features a three-mirror, automati ... Continue reading
Remy International to Open European Technical Center
Engineering, customer-support facility in Wroclaw, Poland, to open in mid-2005 ANDERSON, Ind., May 5 -- Remy International, Inc., will support its aggressive growth and significant demand for the Delco Remy(R) brand within European markets with a new product technology and customer service center in Wroclaw, Poland. Th ... Continue reading
DULUTH, Ga.--May 5, 2005--They say that records are made to be broken, and that's exactly what the new Challenger MT800B Series track tractors have done. By taking tractor horsepower and performance to the highest level ever recorded in a production tractor, rated at 510 and 570 gross engine horsepower respectively, th ... Continue reading
MotorSports Emporium Appoints Chief Operating Officer
SCOTTSDALE, Ariz.--May 5, 2005--MotorSports Emporium, Inc. (OTCBB:MSEP) announces the appointment of Rhonda Keaveney as the company's Chief Operating Officer (COO). Rhonda was appointed Secretary and Director of the company in October 2004 and will continue to serve as so in addition to her new role. As COO, Rhonda wil ... Continue reading
Pickups Plus to Form Joint Venture in China; To Distribute ValuGard Car Care Product Line
CINCINNATI & BEIJING--May 5, 2005--Pickups Plus, Inc. (OTC BB: PUPS), announced today that it has signed a Letter of Intent to form a joint venture in the People's Republic of China which will market and distribute the popular ValuGard(TM) line of car care and environmental protection products in the PRC. Merritt Jesso ... Continue reading
TROY, Mich.--May 5, 2005--GlobalAutoIndustry.com, the leading worldwide portal and intelligence source for the automotive industry, today announced the launch of a new area of their website called GlobalAutoTechnology. The area will be devoted to innovative products and technology for the global auto industry. "There i ... Continue reading
Bell Industries Reports 2005 First Quarter Results
EL SEGUNDO, Calif.--May 5, 2005--Bell Industries, Inc. (AMEX:BI) today reported financial results for the three months ended March 31, 2005. Consolidated net revenues for the 2005 first quarter totaled $28.7 million, compared with $34.4 million in the prior-year period. Bell's net loss amounted to $677,000, or $0.08 pe ... Continue reading
TRW Automotive Reports First Quarter 2005 Financial Results
LIVONIA, Mich., May 5 -- TRW Automotive Holdings Corp. , the global leader in active and passive safety systems, today reported first-quarter 2005 sales of $3.2 billion, an increase of 10% compared to the same period a year ago. Net earnings were $50 million or $0.50 per diluted share, which compares to $2 million or $ ... Continue reading
Ford Motor Co., Ford Credit Downgraded To 'BB+'; Outlook Negative
NEW YORK, May 5 -- Standard & Poor's Ratings Services today said it has lowered its long- and short-term corporate credit ratings on Ford Motor Co., Ford Motor Credit Co., and all related entities -- except those of Hertz Corp. -- to 'BB+/B-1' from 'BBB-/A-3'. The rating outlook is negative. The ratings on Hertz (BBB-/ ... Continue reading
Designated Driver Program Set for 2005 Race Season
Contact: John Cardinale (707) 933-3907 Designated Driver Program Offers Choice For Fans on Race Weekend SONOMA, Calif. (IMMEDIATE RELEASE) - Infineon Raceway has partnered with the California Highway Patrol for the 2005 major-event season to raise awareness of a very serious issue: drinking and driving. The two will jo ... Continue reading
'Cool Cars and Smooth Jazz' Brings Top Jazz Artists to Walter P. Chrysler Museum for Six-Week Series
AUBURN HILLS, Mich., May 5 -- Spyro Gyra and Chuck Mangione will headline the 2005 "Cool Cars and Smooth Jazz" outdoor concert series at the Walter P. Chrysler Museum in Auburn Hills, Mich., Thursdays, June 30 - Aug. 4. The 5-9 p.m. festivities begin each evening with new vehicle test drives and Museum tours. Showtime ... Continue reading
United Defense Awarded $8 Million Contract Modification for Servicing Vehicles Returning from Iraq
SANTA CLARA, Calif.--May 5, 2005--United Defense has been awarded an $8 million contract modification by U.S. Army Tank-automotive and Armaments Command for reconstitution of vehicles returning from Iraq. The contract covers armored personnel carriers, self-propelled howitzers, artillery ammunitions resupply vehicles a ... Continue reading
WWK Helps You Determine the COO of Motor Vehicles Before You Buy
PLEASANTON, Calif.--May 5, 2005--Wright Williams & Kelly (WWK), a cost & productivity management software and consulting services company, announced today the availability of a free cost of ownership calculator for the motor vehicle buying public. The calculator is available on its web site (www.wwk.com) under the "Pro ... Continue reading
Fortune 100 supplier will supply products for automaker's 2006 R-Class and M-Class models COTTONDALE, Ala., May 5 -- Automotive interior supplier Johnson Controls recently expanded its manufacturing plant in Cottondale, Alabama to supply interior systems for two vehicles to be assembled by Mercedes-Benz. (Logo: http:// ... Continue reading
DRIVING DOWN THE ROAD WITH CAREY RUSS 2005 Audi S4 Avant ``Vorsprung durch Technik'' - ``progress through technology'' in English - has been an Audi guideline for many years, arguably since the days of the mid-engined Auto Union Grand Prix cars in the late 1930s. Today, Audi technological progress is best seen in its r ... Continue reading
GMAC Capitalizes New Residential Mortgage Subsidiary; Elects Jacob And Melzer To Board Of Directors
DETROIT May 5, 2005; General Motors Acceptance Corporation (GMAC), the financial services subsidiary of General Motors Corporation , announced it has restructured its residential mortgage operations. GMAC transferred ownership of GMAC Mortgage Corporation and Residential Funding Corporation (GMAC-RFC) to Residential Ca ... Continue reading
Westcorp Announces New Chief Financial Officer and Chief Operating Officer
IRVINE, Calif.--May 4, 2005--Westcorp , the diversified financial services company whose principal subsidiaries are WFS Financial Inc and Western Financial Bank, today announced the appointment of Robert Costantino as the company's Chief Financial Officer and Chief Operating Officer. Costantino will assume his duties e ... Continue reading
Goodyear Reports Record Sales, Positive Net Income in 2005 First Quarter
- Record first quarter sales of $4.8 billion, up 11 percent - Fourth consecutive quarter of positive net income, $68 million, 35 cents per share - Segment operating income improves 61 percent - North American Tire earnings increase by $35 million - North American Tire replacement volume up nearly 8 percent AKRON, Ohio, ... Continue reading
The New Mercedes-Benz CLS55 AMG 'IWC Ingenieur'
55 Units With Particularly Exclusive Equipment MONTVALE, N.J., May 4 -- In cooperation with the Swiss watchmaker IWC Schaffhausen, Mercedes-AMG has developed an exclusive model known as the CLS55 AMG "IWC Ingenieur." Only 55 units of the unique four-door coupe will be produced for the United States. The car has a power ... Continue reading
Mitsubishi Motors Credit of America Announces Appointment of Jeff Young as President and CEO
CYPRESS, Calif.--May 4, 2005--Mitsubishi Motors Credit of America (MMCA) announced that Jeff Young, senior vice president and chief financial officer of MMCA, has been named its president and CEO. He replaces Bob Costantino, who has chosen to pursue other interests in the financial community. "We're extremely pleased t ... Continue reading
Ed Barker Elected President of Winnebago Industries
FOREST CITY, Iowa--May 4, 2005--Winnebago Industries, Inc. , announced that the Board of Directors elected Ed Barker, Winnebago Industries' CFO, to the additional position of President in a meeting held today. Barker, 57, is a 36-year veteran of Winnebago Industries and was promoted to the additional position of Presid ... Continue reading
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