April 2007 Auto Sales in U.S."Terrible" Says Ford
DETROIT, April 27, 2007; Poornima Gupta writing for Reuters reported that U.S. auto sales have dropped far below expectations for April, a Ford Motor Co. executive said on Friday, characterizing industry-wide results as "terrible" as rival General Motors Corp. rolled out an incentive program to boost crucial month-end ... Continue reading
Shareholder Class Action Filed Against U.S. Auto Parts Network
RADNOR, Pa., April 27 -- The following statement was issued today by the law firm of Schiffrin Barroway Topaz & Kessler, LLP: Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Central District of California on behalf of all common stock purchasers of U.S. Auto Part ... Continue reading
DETROIT, April 27, 2007; Reuters reported that General Motors Corp. Chief Executive Rick Wagoner has cut his base salary by a quarter to $1.65 million in a gesture of support for the automaker's turnaround efforts, the company said on Friday. In a filing with the Securities and Exchange Commission, GM said Wagoner agre ... Continue reading
INDYCAR(KANSAS)- Milka Duno Aces Rookie Speed Requirements...
KANSAS CITY, KS. (April 27, 2007) - Milka Duno has passed the official "Rookie Test" for the 2007 IndyCar Series and will participate in this weekend's activities for the Kansas Lottery Indy 300 at Kansas Speedway. The race, this Sunday, April 29, will be televised live on ESPN2 beginning at 4:30pm ET. This will be Mil ... Continue reading
General Motors Corp. Looses $2 Billion in 2006; Head Man Wagoner Earns $9.57 Million in 2006
DETROIT April 27, 2007; Tom Krisher writing for the AP reported that General Motors Corp. Chairman and Chief Executive Rick Wagoner received compensation that the company valued at $9.57 million during 2006, the struggling automaker disclosed in a regulatory filing on Friday. Wagoner was paid $1,283,333 million in sala ... Continue reading
SCCA (GEORGIA) - Foss On MX-5 Cup Pole at Road Atlanta
Setting the pole time on his first lap, Eric Foss, of Braselton, Ga., captured pole for tomorrow's SCCA Pro Racing SIRIUS Satellite Radio Mazda MX-5 Cup race at Road Atlanta, part of the 30th Anniversary Walter Mitty Challenge. Round One winner Jason Saini, of Fort Worth, Texas, will start second. Road Atlanta driving ... Continue reading
RACING VENUE (DAYTONA) - Celebrities and Athletes Race To Be Featured on Historic DAYTONA 500
DAYTONA 500 winners Kevin Harvick, Jimmie Johnson and Mario Andretti, Grammy award nominee Jewel, TV host Kelly Ripa, and action sport legend Tony Hawk, among others, will put their artistic talents to the test to help commemorate the 50th running of NASCAR's crown jewel stock car race, the 2008 DAYTONA 500. Daytona In ... Continue reading
NHRA (TALLADEGA) - Warren Johnson is Welcomed into the International Motorsports Hall of Fame
NHRA Pro Stock legend Warren Johnson was formally inducted into the International Motorsports Hall of Fame on Thursday evening during a star-studded gala event held at the Speed Channel Dome in Talladega, AL. The ceremony brought to a close two days of celebratory functions as Johnson joined Junie Donleavy, Ray Hendric ... Continue reading
NHRA (ATLANTA) - Line focused at Atlanta Dragway
Jason Line goes after his second win of the season when qualifying for the 27th annual Summit Racing Equipment NHRA Southern Nationals starts today. Line went to the final round at Phoenix before finishing runner-up and then won the Pro Stock title at Houston in his KB Racing LLC-owned, Summit Racing Equipment Pontiac ... Continue reading
NHRA (ATLANTA) - Greg Anderson chomping at the bit at Atlanta Dragway
Like a thoroughbred racehorse waiting to get on the track for the Kentucky Derby at Churchill Downs, Greg Anderson is chomping at the bit to get his Pontiac GTO on the track at Atlanta Dragway for the 27th running of the Summit Racing Equipment NHRA Southern Nationals when qualifying starts today. While Curlin might be ... Continue reading
Ghosn Says Nissan on the Road to Recovery
Washington DC April 27, 2007; The AIADA newsletter reported that Nissan Motor Co. chief executive Carlos Ghosn told the Detroit Free Press Thursday that he would get the Japanese automaker back on track as Nissan reported its first annual profit decline in seven years. Nissan's net income fell $4 billion for the fiscal ... Continue reading
Consumers' Favorite Autos for First Quarter 2007
Washington DC April 26, 2007; The AIADA newsletter reported that six of the top seven ranked rides on the ForbesAutos.com first quarter 2007 list â which covers the period January 1 to March 31 and is based on the number of dealer price quote requests submitted through the site â are cars that impress. They a ... Continue reading
Automakers Still Not Tuned-in To HD Radio
Washington DC April 26, 2007; The AIADA newsletter reported that HD Radio has so far failed to win over U.S. carmakers. Hyundai, BMW, and Jaguar plan to offer HD Radio, But officials from GM and Chrysler Group said they were not rushing to commit to the devices, which would cost the struggling Big Three U.S. automakers ... Continue reading
Auto Industry to Testify on Fuel Bill in Washington DC
Washington DC April 26, 2007; The AIADA newsletter reported that automakers have one last opportunity to soften the impact of a fuel economy bill before it faces a vote in a key Senate committee next month. According to the Detroit News, Sen. Dan Inouye, chairman of the Senate Commerce Committee, agreed to hold a heari ... Continue reading
Autobytel Inc. Announces Inducement Options Grants to Certain Employees
IRVINE, Calif.--Autobytel Inc. , a leading Internet automotive marketing services company, announced today, in accordance with NASDAQ rules, that, excluding the previously announced options to purchase 300,000 shares of common stock granted on January 30, 2007 to Monty Houdeshell, its Executive Vice President and Chief ... Continue reading
RocketCity (RCAU) Signs Largest Agreement since Its Inception
ORLANDO, Fla.--Rocket City Automotive Group, Inc. (PINK SHEETS: RCAU), announced today that it has finalized the largest agreement since its inception. Rocket City has licensed its CompleteAuto Listing Software to AutoUpLink USA, another Preferred Solutions Provider, to implement its worldly recognized vehicle listing ... Continue reading
Global Customer Demand, Improved Cost Structure Drive Cummins’ Strong First-Quarter Performance
COLUMBUS, Ind.--Cummins Inc. today announced strong first quarter earnings, led by significant sales growth in almost every market. The first-quarter performance demonstrated the benefits of the Companyâs ongoing effort to lower its cost structure and to diversify its business beyond the North American heavy-duty ... Continue reading
Transbotics Employs Neville Croft as Vice President Sales - AutoMotion Division
CHARLOTTE, N.C.--Transbotics Corporation, (OTCBB: TNSB) (www.transbotics.com), announced that it entered into an employment contract with Mr. Neville Croft to serve as Vice President Sales- AutoMotion Division. Mr. Croft will be responsible for the sales and expansion of the newly acquired AutoMotion product line of ta ... Continue reading
ArvinMeritor Declares Quarterly Dividend on Common Stock
TROY, Mich., April 27 -- The ArvinMeritor, Inc. Board of Directors, at a meeting held on April 27, 2007 at its corporate headquarters in Troy, Mich., declared a quarterly dividend of 10 cents ($0.10) per share on the common stock of ArvinMeritor, payable June 11, 2007, to holders of record at the close of business on M ... Continue reading
Silicone Materials Driving Innovation in Automotive Safety
Revolutionary automotive systems focus on prevention and protection MIDLAND, Mich., April 27 -- As the number of cars and trucks around the world rises from 750 million to an estimated 1.1 billion by 2020, drivers and passengers will rely on increasingly sophisticated systems not only to protect them in the event of an ... Continue reading
Chrysler Group Announces Key Sales and Marketing Appointments
AUBURN HILLS, Mich., April 27 -- Chrysler Group CEO Thomas W. LaSorda today announced the appointments of several key sales and marketing executives effective May 1, 2007. Steven J. Landry will be promoted to Executive Vice President - NAFTA Sales, Global Marketing, Service and Parts, and Michael Manley will be promote ... Continue reading
e TEAMS: Back-to-back Rolex 24 At Daytona Champions TELMEX Chip Ganassi Racing with Felix Sabates and drivers Scott Pruett and Memo Rojas in the No.01 TELMEX Lexus-Riley, and in their season debut with CGRFS, Rob Finlay and Michael Valiante in the No.19 Z-Line Designs/Mission Residential/Make-A-Wish Foundation Lexus-Ri ... Continue reading
GRAND AM (FLORIDA) - KINETIC MOTORSPORTS WINS AT HOMESTEAD KUMHO TIRES SCCA 12 HOUR EVENT
Kinetic Motorsports posted top results this weekend at the KUMHO Tires Tropical 12-Hours at Homestead SCCA event at Homestead Miami Speedway. The annual 12-hour event encompasses several classes of cars in which multiple drivers embark on a grueling testament of endurance and skill. Prior to the first of two practice/q ... Continue reading
INDYCAR (INDIANAPOLIS) - SERIES NEWS AND NOTES (April 26)
1. Crashes, travel woes lead to hectic week for Panther Racing crew<P> 2. Duno passes IndyCar Series rookie test<P> 3. Of note<P> <P> 1. Crashes, travel woes lead to hectic week for Panther Racing crew: Both of Panther Racing's cars retired early from the Indy Japan 300 at Twin Ring Motegi on April 21 â directly a ... Continue reading
Road Trip NY to Hong Kong - Russia-U.S. Tunnel: Is this An Idea Whose Time Has Come?
MOSCOW - April 27, 2007: Alex Nicholson, writing for Associated Press is reporting that an idea orignally floated more than a century, entrepreneurs and engineers have dreamed of building a tunnel connecting the eastern and western hemispheres under the Bering Strait -- only to be brought up short by war, revolution an ... Continue reading
Western Automotive Journalists Shindig in Monterey Next Week
SAN FRANCISCO - April 27, 2007: Western Automotive Journalists, America's second largest group of working automotive journalists, will be holding their 15th annual Media Days event next week in Monterey, beginning Wednesday, May 2nd. Media Days allows all group members to drive and compare dozens of vehicles, head-2-he ... Continue reading
Ford to Participate in Goldman Sachs Annual Alternative Energy Conference
DEARBORN, Mich., April 26 -- On Thursday, May 3, Sue Cischke, Ford Motor Company senior vice president, Sustainability Environment and Safety Engineering, will participate in the Goldman Sachs Annual Alternative Energy Conference. The presentation will begin at 3:00 p.m. EDT and will last for approximately one hour. A ... Continue reading
2007 Ford Edge SEL Plus AWD Review
DRIVING DOWN THE ROAD WITH CAREY RUSS 2007 Ford Edge SEL Plus AWD It's no exaggeration to say the the Edge is the most important Ford vehicle since the original Explorer of 1991. But it is a very different vehicle than the Explorer. Like many - sometimes it seems like most - new vehicles today, the Edge is a crossover, ... Continue reading
Detroit Press Club Foundation's Wheel Awards Automotive Journalism Competition
DEARBORN, Mich., April 26 -- The Detroit Press Club Foundation (DPCF) presented its 2007 Wheel Awards for excellence in automotive in journalism at the Automotive Hall of Fame this evening. The top honor, the Golden Wheel Award, went to reporter Ron French of The Detroit News for his series "The General and The Beast" ... Continue reading
Toyota Names New Texas President
ERLANGER, Ky., April 26 -- Toyota Motor Engineering & Manufacturing North America, Inc., today announced that Kenji Fukuta will become the new president of Toyota Motor Manufacturing, Texas, Inc. (TMMTX) effective Tuesday, May 1, 2007. Current TMMTX president Hidehiko "TJ" Tajima will return to Japan for his new assign ... Continue reading
Fleetwood Introduces Brand New 2008 Tioga Ranger and Jamboree Sport Class C Motor Homes
RIVERSIDE, Calif., April 26 -- Fleetwood RV, a leading manufacturer of recreational vehicles, today announced the nationwide launch of the brand new 2008 Tioga Ranger and Jamboree Sport value-priced Class C motor homes. With the launch of these full-featured motor homes, Fleetwood enters a growing segment of the Class ... Continue reading
Boomers with Motorcycles on the Rise - They're Wealthier Yes, but Healthy and Wise?
NORTHBROOK, Ill.--Each spring brings with it all the annual rites of passage â cleaning out the closets, sprucing up the landscaping, and for a growing number of Americans, taking the Harley out for a ride. According to data from the Insurance Information Institute, 2005 sales of all types of two-wheeled motorbike ... Continue reading
Students Tell America to Buckle Their Safety Belts!
WASHINGTON--More than 2,700 students from 330 schools used basic art supplies and a lot of creativity to communicate that safety belts save lives in GEICOâs 20th annual Safety Belt Poster Contest. One student in each age group was named a national grand-prize winner. In the 6-8-year-old age group, Matthias Herman ... Continue reading
Minnesota Students to Face 49 Teams in Test of Automotive Skill, Ingenuity
BURNSVILLE, Minn.--Dustin Vail and Nate Letcher from Faribault have won the title of Minnesotaâs best student auto technicians and are now qualified to test their skill and ingenuity against 98 other students from across the nation in Dearborn, Mich., June 24-26, at the 2007 Ford/AAA Student Auto Skills national f ... Continue reading
SANTA MONICA, Calif.--This month's new vehicle sales (including fleet sales) are expected to be 1.29 million units, a 10.4 percent decrease from April 2006, according to Edmunds.com, the premier online resource for automotive information. This April had 24 selling days, two less than April 2006. When adjusted for this ... Continue reading
MIAMI, April 26 -- Polymer Group, Inc. (PGI) (OTC Bulletin Board: POLGA; POLGB) today introduced new substrates for moldable automotive components made from recyclable materials that improve acoustics in vehicles. Used in trunk and wheel well liners, the substrates made from recyclable polypropylene and polyethylene te ... Continue reading
IRVINE, Calif.--Autobytel Inc. , a leading Internet automotive marketing services company, today announced its selection as one of the California Innovation Corridorâs 75 Innovation All-Stars. Autobytel Inc. was honored at the two-day California Tech 100 conference held April 24-25 at the Irvine Hilton/Orange Coun ... Continue reading
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