AAA and TIA to Release Summer Travel and Memorial Day Forecasts on May 17th
--AAA: WHAT: AAA and the Travel Industry Association of America (TIA) will release their annual Summer Travel and Memorial Day Weekend travel forecasts and answer the following questions and more at a press conference at Reagan National Airport on Thursday, May 17. -- Will $3 a gallon gas prices result in fewer America ... Continue reading
HONG KONG--China Premium Lifestyle Enterprise’s (OTCBB:CPMM) Chairman Richard Lee today commented on the recent news regarding the major shareholder of the luxury goods company Louis Vuitton Moet Hennessey (“ LVMH”) taking a three percent stake in Belle International Holdings Ltd (“Belle”), a Chinese based di ... Continue reading
Hexion Specialty Chemicals Reports Strong First Quarter 2007 Results
COLUMBUS, Ohio--Hexion Specialty Chemicals, Inc. today reported its results for the first quarter ended March 31, 2007. Highlights for the first quarter of 2007 include: Revenues of $1.44 billion in 2007 compared to $1.23 billion during the prior year period, an increase of 17 percent. Operating income of $104 million ... Continue reading
New Car Sales Remain Subdued in the UK as Consumer Confidence Dissipates
DUBLIN, Ireland--Research and Markets (http://www.researchandmarkets.com/reports/c56593) has announced the addition of Cars in the United Kingdom 2006 to their offering. Since 2004, the market has seen a downturn in confidence for the new car market. Sales have fallen back with a combination of factors, most notably th ... Continue reading
Aftersoft Group Schedules Conference Call to Present its Fiscal 2007 Third Quarter Financial Results
NEW YORK and LONDON, May 14 -- Aftersoft Group Inc. ("Aftersoft") (BULLETIN BOARD: ASFG) , a leading supplier of software and services to the automotive aftermarket in the US, UK and Canada, today announced that a conference call to discuss the Company's financial results for its fiscal third quarter ended March 31, 20 ... Continue reading
China Automotive Systems to Present at the Susquehanna 2007 NY Conference
- Management Scheduled to Present at 2:30PM ET on Thursday, May 17th - WUHAN, China, May 14 -- China Automotive Systems, Inc. , a leading power steering components and systems supplier in China, today announced the Company is scheduled to present at the Susquehanna Financial Group's Global Opportunities Conference at T ... Continue reading
PORTLAND, Ore.--Compli®, the nation’s leading provider of compliance management systems for auto dealerships, has appointed executive Richard Potter to its management team as Senior Vice President of Sales and Marketing and named Jamie Apt Sales Manager for its Southwestern region. “We are very excited to add Dick ... Continue reading
CTS Corporation Awarded Multiple Production Programs for Accelerator Pedal Modules
ELKHART, Ind.--CTS Corporation today announced that CTS Automotive Products was awarded additional production programs for its Electronic Throttle Control (ETC) Accelerator Pedal Modules. The awards come from two major Japanese OEMs and will be used on five different platforms. The pedals will be built in CTS facilitie ... Continue reading
Cypress Enters Agreement to Sell PSRAM Business to Taiwan’s ESMT
HSINCHU, Taiwan & SAN JOSE, Calif.--Elite Semiconductor Memory Technology Inc., Taiwan (ESMT) and Cypress Semiconductor Corp. today announced a Technology Transfer Agreement under which ESMT will acquire Cypress’s Pseudo Static Random Access Memory (PSRAM) product line. According to the agreement, Cypress will transf ... Continue reading
DENSO and Goodwill Industries Team Up to Help Environment and Community
Employees to donate electronic equipment to Goodwill Industries WHEN: Friday, May 18, 8 a.m. to 3 p.m. Come any time between 8 a.m. and noon. WHO: Working with Goodwill Industries, DENSO International America is sponsoring an Electronics Recycle Day, so employees can donate old electronic equipment (computers, televisi ... Continue reading
BOLOGNA, Italy, May 14 -- Ducati Motor Holding S.p.A. (Borsa Italiana: DMH; NYSE: DMH). The Board of Directors of Ducati Motor Holding S.p.A. today authorized the withdrawal of the listing and registration of the Company's American Depositary Shares ("ADSs") with the New York Stock Exchange ("NYSE"), and resolved to te ... Continue reading
Find Out Which Companies Are the Best to Do Business with in the UK’s Auto Electricians Market
DUBLIN, Ireland--Research and Markets (http://www.researchandmarkets.com/reports/c56572) has announced the addition of Auto Electricians - Portfolio Analysis to their offering. The Auto Electricians - Portfolio Analysis is a comprehensive evaluation of the UK market. The revised and updated 2007 edition analyses the fi ... Continue reading
Hawk Announces Record First Quarter 2007 Results
- Net sales from continuing operations increase by 10.2% to record $58.2 million - Precision components segment sold for $94.2 million - Net income from continuing operations reaches a record $.21 per diluted share CLEVELAND, May 14 -- Hawk Corporation (AMEX:HWK) announced today that net sales for the first quarter end ... Continue reading
Hickok Incorporated Reports Second Quarter and Fiscal First Half Results
CLEVELAND, May 14 -- Hickok Incorporated (BULLETIN BOARD: HICKA.OB) , a Cleveland based supplier of products and services for the automotive, locomotive, and aircraft industries, today reported operating results for the second quarter and six months ended March 31, 2007. For the quarter ended March 31, 2007, the Compan ... Continue reading
IAnet Selects CCC Autoverse(R) Service Network
IAnet Integrates With CCC Autoverse Service Network to Help Reduce Cycle Time and Enhance Vendor Communication CHICAGO, May 14 -- CCC Information Services Inc. announced today its CCC Autoverse(R) Service Network has been selected by IAnet, Inc., a Scottsdale, AZ based outsourcing management company that handles all ty ... Continue reading
Invitation to Media Briefing With Chrysler Group President and CEO Tom LaSorda
- Global conference call, satellite coordinates and live Webcast also available What: Tom LaSorda, President and CEO - Chrysler Group, will host a media briefing to address questions regarding the agreement to sell the Chrysler Group to Cerberus Capital Management. Who: Tom LaSorda, President and CEO - Chrysler Group W ... Continue reading
Mizati Ensures Its Future Is Bright
Mizati Procures $5 Million Business Liability Insurance Note LOS ANGELES, May 14 -- Mizati Luxury Alloy Wheels, Inc. , a distributor of high-quality luxury alloy wheels for passenger cars, sport utility vehicles, vans and light trucks announced today that it has procured a business liability insurance policy up to $5,0 ... Continue reading
Palisades Ranked #1 NJ Auto Insurer Three Years in a Row!
BERKELEY HEIGHTS, N.J., May 14 -- Palisades has been ranked as the #1 NJ auto insurer, receiving zero valid complaints for the third year in a row, in the NJ Department of Banking Insurance's (DOBI) 2006 Auto Insurance Consumer Information Report. Palisades, a local company that focuses on providing exceptional custome ... Continue reading
Puradyn Releases 2007 1st Quarter Financial Results
BOYNTON BEACH, Fla.--Puradyn Filter Technologies Incorporated (OTCBB:PFTI), the global bypass oil filtration system manufacturer, today reported results of operations for the first fiscal quarter ended March 31, 2007. Net sales for the first quarter ended March 31, 2007 were approximately $766,000 compared to approxima ... Continue reading
Reichhold Named to Board of Directors for Mexican Chemical Industry Association, ANIQ
RESEARCH TRIANGLE PARK, N.C.--Reichhold, Inc. has been appointed to serve on the board of directors for the Mexican national chemical industry association, ANIQ, La Associacion Nacional de la Industria Quimicais, a prestigious honor for the company. Appointees to the ANIQ board of directors are confirmed by affiliated ... Continue reading
DUBLIN, Ireland--Research and Markets (http://www.researchandmarkets.com/reports/c56736) has announced the addition of Land Rover 2007 Company Profile to their offering. This latest edition company profile is part of a major series of reports that will provide you with convenient and concise analysis on the world’s l ... Continue reading
Research & Markets: Gain an Insight into How MAN is Performing against Its Key Competitors
DUBLIN, Ireland--Research and Markets (http://www.researchandmarkets.com/reports/c56717) has announced the addition of MAN 2007 Company Profile to their offering. This latest-edition company profile is part of a major series of reports that will provide you with convenient and concise analysis on the world's largest co ... Continue reading
SatCon Technology Reports Financial Results for the First Quarter Ended March 31, 2007
BOSTON--SatCon Technology Corporation© (NASDAQ CM: SATC), a developer and supplier of power management and system architecture solutions for the alternative energy and distributed power markets, today announced its operating results for the quarter ended March 31, 2007. Revenues for the quarter ended March 31, 2007 we ... Continue reading
Veri-Tek International, Corp. to Host First Quarter 2007 Earnings Conference Call
BRIDGEVIEW, Ill., May 14 -- Veri-Tek International, Corp. (AMEX:VCC) ("Veri-Tek" or the "Company") today announced plans to host a conference call to discuss its operating results on May 17, 2007 at 4:00 PM CDT. The dial-in numbers for the call are 877-531-2987 (United States) or 612-332-0637 (International). About Ver ... Continue reading
Watch OpenRoad.TV - the American West in words, pictures, and video!
Greetings, I'm happy to announce, after many months of building, testing and tweaking, that http://OpenRoad.TV, The Traveler's Video Guide to the American West, is now live and ready for everyone to use. This new on-demand words, pictures, and video show grows out of Doug McConnell’s years of traveling and livin ... Continue reading
SANTA ROSA, Calif.--ZAP (OTCBB: ZAAP), a leader in advanced automotive technologies, today announced that Chief Executive Officer Steve Schneider will present at the 3rd Annual Merriman Curhan Ford & Co. Next-Generation Energy Conference (NGE) on May 15, 2007 at 1:00 PM. This event will be held at Le Parker Meridien in ... Continue reading
Raceline ... Continue reading
Mitsubishi Dealers See Better Days Coming
Washington DC May 15, 2007; The AIADA newsletter reported that Mitsubishi Motors Corp. President Osamu Masuko told his U.S. dealers this month that the U.S. ad budget would increase about 30 percent this year to an estimated $170 million. The $5 million profit is small but "headed in the right direction," Masuko told t ... Continue reading
Ducati Motor Holding Announces 2007 First Quarter Results
BOLOGNA, Italy, May 14 -- 01/01/07- 01/01/06- 31/03/07 31/03/06 Var% Revenues 95.4 76.6 24.5% EBITDA 14.5 11.3 28.2% Net result 5.6 1.5 266.3% Net Debt (52.8) (141.2) -62.6% (Million Euro) The Board of Directors of Ducati Motor Holding S.p.A. (Borsa Italiana: DMH; NYSE: DMH) today approved the 2007 First Quarter Result ... Continue reading
Proliance International, Inc. Reports 2007 First Quarter Results
NEW HAVEN, Conn.--Proliance International, Inc. (AMEX: PLI) today announced results for the first quarter ended March 31, 2007. Net sales in the first quarter of 2007 were $91.9 million, compared to $91.3 million in the first quarter of 2006. The sales increase was primarily attributable to growth in the Companyâs ... Continue reading
Traffic-Induced Highway Hypnosis Stalls Unprepared Drivers
SUNNYVALE, Calif.--As the U.S. population continues to grow, increased road congestion is a major problem that commuters and vacationers encounter. A recent survey sponsored by TeleNav found that 72 percent of drivers do not check for traffic updates prior to hitting the road, leaving themselves potentially unprepared ... Continue reading
Iowa Students to Face 49 Teams in Test of Automotive Skill, Ingenuity
BURNSVILLE, Minn.--Michael Shultz and Brandon Thompson from Des Moines have won the title of Iowaâs 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 nationa ... Continue reading
Rising Gas Prices Force North Carolinians To Halt Travel, Spending
RALEIGH, N.C.--Nearly 7 out of 10 North Carolina drivers say they have altered their travel plans in the last six months and plan to drive less this summer due to rising gas prices, according to a new survey released today by Brogan & Partners, a Raleigh-based marketing firm. The 600-person telephone survey also showed ... Continue reading
Clean Diesel Ready to Help President Meet His '20 in 10' Goals
Incentives Needed to Encourage Purchase of Fuel-Efficient Diesels; High-Quality Biodiesel Also Critical WASHINGTON, May 14 /PRNewswire-USNewswire/ -- Allen Schaeffer, executive director of the Diesel Technology Forum, issued the following statement in response to President Bush's speech this afternoon discussing his en ... Continue reading
Fords Not Discussing the Sale of Ford
By DETROIT, May 14, 2007; Poornima Gupta writng for Reuters reported that Ford Motor Co.'s founding family said on Monday it was not discussing the sale of its controlling stake in the No. 2 U.S. automaker, even though they met last month with a Wall Street advisory firm. The Ford family controls almost 40 percent of t ... Continue reading
INDIANAPOLIS 500 (INDIANAPOLIS) - SERIES NEWS AND NOTES (May 14)
1. Road to Indy: Ganassi drivers lament the 500 that got away<P> 2. May offers learning experience for Indy Pro Series drivers<P> 3. Chicago Board of Trade welcomes IndyCar Series<P> <P> 1. Road to Indy: Ganassi drivers lament the 500 that got away: Scott Dixon and Dan Wheldon return to the Indianapolis Motor Speedway ... Continue reading
INDIANAPOLIS SPEEDWAY (INDIANAPOLIS) - SERIES RETAINS JUST MARKETING INTERNATIONAL
The Indy Racing League, sanctioning body for the IndyCar Series and Indy Pro Series, announced today that it has retained Indianapolis-based Just Marketing International (JMI) to consult the league on all facets of commercial rights packaging and sales for the IndyCar Series â including its teams, drivers, tracks, ... Continue reading
PENSKE RACING (DARLINGTON) - RACE REPORT
NASCAR NEXTEL CUP SERIES DARLINGTON, S.C. (May 13, 2007) - For the third straight week, Penske Racing led the Dodge contingent with Ryan Newman producing his first top-five finish since June 2006 and Kurt Busch placing 12th in Sunday's rain-delayed Dodge Avenger 500 at Darlington Raceway. Newman led three times for 39 ... Continue reading
ALMS (UTAH) - CHAMPIONSHIP LEADERS AT THE HEAD OF THEIR CLASSES
The four class championship chases in the American Le Mans Series, including LMP1 and LMP2, resume this week at the Utah Grand Prix. The championship leaders in the four classes of the 2007 American Le Mans Series rank among the elite drivers in its nine-year history. They virtually have rewritten the Series record boo ... Continue reading
Washington DC May 14, 2007; The AIADA newsletter reported that when Wall Street Journal reporter Joseph White set out to find the best car for his 16 year old daughter, he made some interesting discoveries. For one, the first nine of his ten top picks, based on safety and dependability, were foreign makes. For his list ... Continue reading
Honda Wants to Also be Synonymous with Safety
Washington DC May 14, 2007; The AIADA newsletter reported that Honda is known for building fuel-efficient, reliable vehicles. Now it wants to expand its good reputation to join Volvo as an automaker best known for safety. According to the Boston Globe, Honda is promoting safety as an essential part of its public image. ... Continue reading
Chrysler Brand Heritage Chronology
1875-1912: Kansas-born Walter Chrysler, son of a locomotive engineer, was connected to the transportation industries throughout his life. His love of machinery prompted him to forsake a college education for a machinistâs apprenticeship, and his early career comprised numerous mechanical jobs in the railroad indus ... Continue reading
Hella, Geely Form Strategic Partnership
PLYMOUTH, Mich., May 14 -- Hella, a global supplier of automotive lighting and electronic equipment and Chinese automotive manufacturer Geely, have signed a letter of intent to jointly work on the development of automotive electronics components and systems. Under the agreement, Hella will provide Geely with technical ... Continue reading
NASCAR (CHARLOTTE) - Official NASCAR Members Club To Honor 50,000th Member...
The Official NASCAR Members Club (ONMC) announced today that it will celebrate a special milestone this weekend when it honors its 50,000th member with the All-Star VIP experience of a lifetime that will include honors at the ONM's second annual National Convention as well as VIP treatment at the NASCAR NEXTEL All-Star ... Continue reading
Details of the DCX Sale of Chrysler to GMAC Investor Cerberus - Includes Video
FRANKFURT, May 14, 2007 Michael Shields writing rot Reuters reported that private equity firm Cerberus will buy a majority of DaimlerChrysler's (DCXGn.DE: Quote, Profile , Research) struggling Chrysler Group for $7.4 billion, a fraction of the $36 billion deal that created the transatlantic car union nine years ago. Ce ... Continue reading
INDIANAPOLIS 500 (INDIANAPOLIS) - ELEVEN MORE DRIVERS JOIN FIELD FOR INDIANAPOLIS 500
Davey Hamilton says he has given more than 4,000 passengers a thrill in the Indy Racing Experience two-seater. The veteran IndyCar Series driver received one himself on Second Day Qualifying for the 91st Indianapolis 500. Hamilton, returning to competitive driving for the first time since suffering multiple injuries in ... Continue reading
INDIANAPOLIS 500 (INDIANAPOLIS) - SECOND DAY QUALIFYING
INDIANAPOLIS - Qualifying Sunday for the 91st Indianapolis 500 IndyCar Series event on the 2.5-mile Indianapolis Motor Speedway, with starting position, car number in parentheses, driver, chassis-engine and speed: 1. (3) Helio Castroneves, Dallara-Honda, 225.817 2. (11) Tony Kanaan, Dallara-Honda, 225.757 3. (27) Dario ... Continue reading
INDIANAPOLIS 500 (INDIANAPOLIS) - SECOND DAY QUALIFYING QUOTES
SCOTT SHARP (#8 Patrón Sharp Rahal Letterman Racing Dallara/Honda/Firestone): âWeâre in pretty good. We almost got in last night. This was just a great run by the Patron team. The trackâs really good, but the carâs just perfect. Like Iâve said all along coming here, we probably wouldnât ... Continue reading
Ford Motor Company Signs Online Advertising Commitment with Specific Media
IRVINE, Calif.--Specific Media, the advertising industryâs fastest-growing interactive media company, today announced it has signed an advertising commitment with Ford Motor Company for the automakerâs 2007-2008 Lincoln Mercury online advertising initiatives. The upcoming campaign will serve to build brand re ... Continue reading
NHRA (BRISTOL) - O'REILLY NHRA THUNDER VALLEY NATIONALS RESCHEDULED FOR JULY 6-8, 2007
NHRA and Bristol Dragway officials announced today that the OâReilly NHRA Thunder Valley Nationals presented by Q has been rescheduled for July 6-8, 2007. The concrete launch pad of the quarter-mile dragstrip surface was recently replaced and track officials along with NHRA officials have been working to prepare t ... Continue reading
Daimler Sells Chrysler to Cerberus
Washington DC May 12, 2007; The AIADA newsletter reported that DaimlerChrysler AG ended a nine-year investment in money-losing Chrysler, handing control of the carmaker to private-equity firm Cerberus Capital Management LP and getting out from under $19 billion of retirement benefits. Bloomberg reports that Cerberus wi ... Continue reading
2007 Suzuki Grand Vitara Ranked Among Top Three Safest Cars by European Assessment Group
Suzuki Grand Vitara 2007 ranked among top three safest cars by European car safety assessment group New 4x4 model achieves excellent scores during safety performance test conducted by Euro NCAP May 14, 2007 Suzuki Motors Corp. (SMC), one of the largest car manufacturers in Japan, has recently announced that the Grand V ... Continue reading
Bernhard Won't Join Chrysler Management
STUTTGART, Germany, May 14, 2007; Reuters repoerted that former Chrysler chief operating officer Wolfgang Bernhard will not take an active role in helping to restructure the loss-making Chrysler Group once again, Cerberus Capital Management [CBS.UL] said on Monday. "He will not join the management team at Chrysler," Ch ... Continue reading
NASCAR NNCS (DAYTONA) - VIDEO STORY Car of Tomorrow
DETROIT - May 11, 2007: The NASCAR Car of Tomorrow is scheduled to debut in 16 of the 2007 Nextel Series races. Following the death of legendary driver Dale Earnhardt in 2001, NASCAR officials set out to create a safer vehicle. To accomplish this task, NASCAR employed various auto manufacturers to design a car that is ... Continue reading
SCCA (KANSAS) - KAHNE TO RUN SPEED GT
Not one, but two NASCAR Nextel Cup stars will drive in the SCCA Pro Racing SPEED World Challenge GT race at Lowe's Motor Speedway this month. Woodhouse Performance have announced that Evernham Motorsports driver Kasey Kahne will drive the No. 13 Dodge Viper in Charlotte. This follows the announcement in March that defe ... Continue reading
NASCAR NNCS (DAYTONA) - The NASCAR Nextel Cup Series Top 12
Below is a look at the NASCAR NEXTEL Cup Series Top 12 along with some other notable drivers, going into the NASCAR NEXTEL All-Star Challenge on May 19. 1 â Jeff Gordon (No. 24 DuPont Chevrolet) The File: ⢠35-years-old from Vallejo, Calif., 78 career wins ⢠Three wins, nine top fives, 10 top 10s ⢠... Continue reading
- Affiliate of Cerberus to acquire 80.1% equity interest in new company Chrysler Holding LLC; DaimlerChrysler AG to retain 19.9% - Obligations for pensions and healthcare costs to be retained by Chrysler companies - Transaction expected to result in net cash outflow of $0.65 billion for DaimlerChrysler - DaimlerChrysle ... Continue reading
AUBURN HILLS, Mich., May 14 -- Attribute: Tom LaSorda, President and CEO, Chrysler Group: "We are confident that this transaction will create a standalone Chrysler that is financially stronger, with a winning combination of people, industry know-how, operational expertise and spirit of innovation that will accelerate t ... Continue reading
RoadTrip: Hot Laps On The Track at Mazda Raceway @ Laguna Seca - VIDEO
Take a few hot laps with The Auto Channel at Western Automotive Journalists' Media Days. Produced and edited by Marc J. Rauch In this special edition of ROAD TRIP, Mark Fulmer rides with Gordon Sanderson at Mazda Raceway at Laguna Seca. Gordon is one of the certified driving coaches with Hooked On Driving. This episode ... Continue reading
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