The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

August 2007

Select Another Month

Wednesday, August 1, 2007

Nanostellar's NS Gold Oxidation Catalyst Named One of the Year's Most Innovative Products

Nanostellar's NS Gold Oxidation Catalyst Named One of the Year's Most Innovative Products

Industry Experts Validate Nanostellar's Technology Innovation and Projected Impact on Multi-Billion Dollar Automotive Diesel Catalyst Market REDWOOD CITY, Calif., Aug. 1 -- Nanostellar, Inc., a leader in nano-engineered catalyst materials, announced today that its NS Gold(TM) catalyst has been named one of the most inn ... Continue reading

Patrick Industries Reports Second Quarter Results

Patrick Industries Reports Second Quarter Results

ELKHART, Ind., Aug. 1 -- Patrick Industries, Inc. today announced its operating results for the second quarter ended June 30, 2007, highlighted by the completion of the Adorn, LLC acquisition and the related beginning phases of operational integration. Patrick, a leading manufacturer and distributor of building and com ... Continue reading

July 2007 U.S. Auto Sales Scorecard - Sales Down 8.7%

July 2007 U.S. Auto Sales Scorecard - Sales Down 8.7%

DETROIT, Aug 1 (Reuters) - U.S. auto sales in July fell 8.7 percent from a year earlier, according to sales data released on Wednesday by the auto manufacturers. The following are highlights from sales data released by the largest car makers in the U.S. market. Overall industry * Total light vehicle sales -- 1.3 millio ... Continue reading

New ClosetMaid® Garage Storage System Offers Custom Solution Where Homeowners Need It Most

New ClosetMaid® Garage Storage System Offers Custom Solution Where Homeowners Need It Most

OCALA, Fla.--This month, ClosetMaid, industry leader in home organization, releases its newest storage system, MultiSuite. Available nationwide through ClosetMaid Authorized Dealers, MultiSuite is a custom-designed, professionally-installed storage system that’s perfect for the garage, basement, utility room and l ... Continue reading

Edmunds.com Reports True Cost of Incentives for July: Record High Incentives for Japanese Automakers

Edmunds.com Reports True Cost of Incentives for July: Record High Incentives for Japanese Automakers

SANTA MONICA, Calif.--Edmunds.com, the premier online resource for automotive information, estimated today that the average automotive manufacturer incentive in the U.S. was $2,524 per vehicle sold in July 2007, up $102, or 4.2 percent, from June 2007, and down $286, or 10.2 percent, from July 2006. Edmunds.com’s ... Continue reading

BMW Group Reports Strong July 2007 Sales

BMW Group Reports Strong July 2007 Sales

July sales for the Group (BMW and MINI) increase 20.1 percent. MINI reports its 200,000th car sold since its start in the U.S. WOODCLIFF LAKE, N.J., Aug. 1 -- The BMW Group in the U.S. (BMW and MINI combined) reports strong July sales of 28,364 vehicles, an increase of 20.1 percent over the 23,611 vehicles sold in July ... Continue reading

Mitsubishi Year 2007 to Date Sales Ahead 17% - Off 1% in July

Mitsubishi Year 2007 to Date Sales Ahead 17% - Off 1% in July

CYPRESS, Calif., Aug. 1 -- Mitsubishi Motors North America, Inc., (MMNA) today reported July sales of 10,347 units, down 1% from last year's July volume of 10,502. Calendar year-to-date sales of 70,357 are up 17% compared to last year's first-seven-months total. Sales of the fuel efficient 2008 Lancer sedan and the Out ... Continue reading

Chrysler Group Announces July 2007 U.S. Sales

Chrysler Group Announces July 2007 U.S. Sales

-- Chrysler brand car sales rise 32 percent -- Sales for the Jeep(R) brand up 4 percent -- Jeep Wrangler sales increase 11 percent -- Jeep Compass has best month ever -- Dodge brand sales decrease primarily due to sell-down of Dodge Caravan and Grand Caravan -- Dealer inventory down by 17 percent or 95,335 units AUBURN ... Continue reading

Nissan North America Announces July 2007 Sales

Nissan North America Announces July 2007 Sales

NASHVILLE, Tenn., Aug. 1 -- Nissan North America, Inc. (NNA) today reported sales of 87,877 units in July, up 5.9 percent from the prior year. Nissan Division sales increased by 7.6 percent over last year. Infiniti Division sales decreased by 5.9 percent versus the prior year. NISSAN HIGHLIGHTS -- July sales for Nissan ... Continue reading

Kia Motors America Announces 2007 Best July Sales Ever

Kia Motors America Announces 2007 Best July Sales Ever

IRVINE, Calif., Aug. 1 -- Kia Motors America (KMA) today announced record July sales of 26,690 units and the Kia Sorento had its best month of the year with 4,342 units sold. KMA remains on track toward another annual sales record with year-to-date sales of 181,082 units, a 4.7-percent increase over the same period las ... Continue reading

American Honda Reports July 2007 Sales of 141,049

American Honda Reports July 2007 Sales of 141,049

CR-V and Fit sustain record sales TORRANCE, Calif., Aug. 1 -- American Honda Motor Co., Inc., posted July sales of 141,049 Honda and Acura vehicles, down 3.2 percent on a daily-selling-rate basis*, the company announced today. American Honda year-to-date sales totaled 907,978, up 1.1 percent. Honda Division posted July ... Continue reading

Hyundai Motor America Reports July 2007 Sales

Hyundai Motor America Reports July 2007 Sales

FOUNTAIN VALLEY, Calif., Aug. 1 -- Hyundai Motor America recorded July sales of 43,511, a decrease of eight percent over the same period last year. Vehicle sales were led by Sonata which posted July sales of 14,802, up five percent over the same period last year. The Entourage posted sales totaling 1,544, an increase o ... Continue reading

Acura Announces July 2007 Sales Results

Acura Announces July 2007 Sales Results

Light Trucks Post Record Sales TORRANCE, Calif., Aug. 1 -- Record sales of light trucks in July led Acura to 14,381*, the division announced today. Acura year-to-date sales reached 105,921 units, an 8.0 percent decline versus last year. Strong sales of Acura's luxury SUV's combined to set a July record of 6,332 for tot ... Continue reading

July 2007: Suzuki Auto Sales Continue to Cook in Summer Heat

July 2007: Suzuki Auto Sales Continue to Cook in Summer Heat

BREA, Calif.--American Suzuki Motor Corporation today announced its current sales performance remains ahead of last year’s record clip entering the second half of 2007. Year-to-date sales for 2007 now stand at 65,431 vehicles, one percent ahead of last year’s sales through July and on pace to eclipse the reco ... Continue reading

Toyota Reports July 2007 Sales Down From 2006

Toyota Reports July 2007 Sales Down From 2006

TORRANCE, Calif., Aug. 1 -- Toyota Motor Sales (TMS), U.S.A., Inc., today reported July sales of 224,058 vehicles, a decrease of 3.5 percent from July 2006. "The industry stumbled this month, on continued housing weakness," said Jim Lentz, TMS executive vice president. "Though Toyota didn't match last July's record-set ... Continue reading

DaimlerChrysler AG Reports 9 Percent Decrease in U.S. Sales for Passenger Vehicles for July 2007

DaimlerChrysler AG Reports 9 Percent Decrease in U.S. Sales for Passenger Vehicles for July 2007

- Chrysler Group Reports Sales of 137,728 Vehicles, an 8 Percent Decrease for July 2007 - Mercedes-Benz USA Reports Sales of 18,586 Vehicles, a 14 Percent Decrease for July 2007 NEW YORK, Aug. 1 -- DaimlerChrysler AG , the third largest U.S. auto maker, today reported total group sales of 156,314 passenger vehicles in ... Continue reading

Volvo Cars of North America Reports Sales for July 2007

Volvo Cars of North America Reports Sales for July 2007

IRVINE, Calif., Aug. 1 -- Volvo Cars of North America, LLC reports July sales of 9,554 units in the United States,* down 7.6 percent compared to the same period last year. Overall in North America (United States including Puerto Rico, Canada, and Mexico), 10,620 unit were sold. For the month, sales were down 6.1 percen ... Continue reading

Subaru Reports July 2007 Sales

Subaru Reports July 2007 Sales

-- Subaru Tribeca Sales Up -- CHERRY HILL, N.J., Aug. 1 -- Subaru of America, Inc. today reported July sales of 15,438 total units. Sales of the redesigned 2008 Subaru Tribeca were up as the new models began arriving in dealer showrooms across the country. (Logo: http://www.newscom.com/cgi-bin/prnh/20050404/PHSUBARULOG ... Continue reading

Audi Reports Sales Increase for July

Audi Reports Sales Increase for July

AUBURN HILLS, Mich., Aug. 1 -- Audi of America, Inc. today announced sales for the month of July. Audi sold 7,127 vehicles during the month, an increase of 1.7% from last year's figures. To date, Audi has sold 52,838 vehicles in 2007, an 11.3% increase over the previous year. Several key markets also recorded significa ... Continue reading

Nissan Announces Corporate Communications Additions, Changes

Nissan Announces Corporate Communications Additions, Changes

NASHVILLE, Tenn., Aug. 1 -- Nissan North America, Inc. (NNA) today announced changes and additions in its Corporate Communications staff at its headquarters in Nashville and in U.S. manufacturing and regional offices. The changes are designed to strengthen manufacturing and marketing communications and to fill vacancie ... Continue reading

Mercedes-Benz Reports 18,586 New Vehicle Sales for July

Mercedes-Benz Reports 18,586 New Vehicle Sales for July

MBUSA Records Best Year-to-Date Sales for the Period MONTVALE, N.J., Aug. 1 -- Mercedes-Benz USA (MBUSA) today reported sales of 18,586 new vehicles for July, bringing the company's year- to-date total to 136,826 units, a 0.2 percent increase compared to the same period last year and marking the best year-to-date sales ... Continue reading

Ford Crossovers Continue to Shine in July; Overall Sales Decline

Ford Crossovers Continue to Shine in July; Overall Sales Decline

-- Ford Motor Company's all-new and redesigned crossovers were up 40 percent in July; year-to-date sales also up 40 percent. -- Overall sales totaled 195,245, down 19 percent compared with a year ago; daily rental sales were down 57 percent and sales to individual retail customers were down 17 percent. -- Lincoln regis ... Continue reading

Porsche Posts 2007 Best July Sales Ever

Porsche Posts 2007 Best July Sales Ever

ATLANTA--Porsche Cars North America, Inc. (PCNA), importer and distributor of Porsche sports cars and Cayenne SUVs in the United States and Canada, today announced its third consecutive record month in the United States. In the U.S., Porsche achieved a slight increase of 1 percent in total July sales with 3,230 new car ... Continue reading

Mazda Announces July Sales

Mazda Announces July Sales

IRVINE, Calif., Aug. 1 -- Mazda North American Operations today released the following sales figures for July 2007: Month-To-Date Year-To-Date July July % July July % 2007 2006 Change 2007 2006 Change Mazda3 11,567 9,096 27.2% 74,196 61,001 21.6% Mazda5 956 1,840 (48.0)% 9,265 11,351 (18.4)% Mazda6 3,672 6,192 (40.7)% ... Continue reading

Stoneridge Reports Second-Quarter 2007 Results

Stoneridge Reports Second-Quarter 2007 Results

Company Reaffirms Full-Year 2007 Earnings Outlook of $0.45 to $0.55 Per Diluted Share WARREN, Ohio, Aug. 1 -- Stoneridge, Inc. today announced net sales of $183.8 million and net income of $2.7 million, or $0.11 per diluted share, for the second quarter ended June 30, 2007. Net sales decreased $1.7 million, or 1.0 perc ... Continue reading

Ener1 Appoints Two Industry Executives as Independent Directors

Ener1 Appoints Two Industry Executives as Independent Directors

FORT LAUDERDALE, Fla., Aug. 1 -- Ener1, Inc. (BULLETIN BOARD: ENEI) today announced the appointment of Thomas J. Snyder and Kenneth R. Baker as members of its board of directors. Both executives have distinguished careers in the automotive and technology industries and have extensive experience in electric vehicles and ... Continue reading

Visteon Announces Second Quarter 2007 Results

Visteon Announces Second Quarter 2007 Results

Highlights - EBIT-R of $15 million - net loss of $67 million - Cash from operations of $146 million - Cash balances of $1.5 billion - Continued progress on restructuring - Customer diversification continues; significant new business wins - Affirms previous guidance for full year 2007 VAN BUREN TOWNSHIP, Mich., Aug. 1, ... Continue reading

DealerTrack Completes AutoStyleMart Acquisition

DealerTrack Completes AutoStyleMart Acquisition

LAKE SUCCESS, N.Y., Aug. 1 -- DealerTrack Holdings, Inc. today announced that it has acquired AutoStyleMart, Inc., a leading provider of on-demand software solutions and services that enable auto dealers to procure, manage and sell vehicle accessories. AutoStyleMart is a privately held company headquartered in Waltham, ... Continue reading

TRW Automotive Reports Second Quarter 2007 Financial Results

TRW Automotive Reports Second Quarter 2007 Financial Results

LIVONIA, Mich., Aug. 1 -- TRW Automotive Holdings Corp. , the global leader in active and passive safety systems, today reported second-quarter 2007 financial results with sales of $3.8 billion, an increase of 8.5 percent compared to the same period a year ago. The Company reported second quarter net earnings of $97 mi ... Continue reading

Garmin Reports Record Second Quarter; Announces Increased Dividend, Raises Guidance

Garmin Reports Record Second Quarter; Announces Increased Dividend, Raises Guidance

CAYMAN ISLANDS, Aug. 1 -- Garmin Ltd. today announced a record quarter ended June 30, 2007. (Logo: http://www.newscom.com/cgi-bin/prnh/20061026/CGTH082LOGO) Second Quarter 2007 Financial highlights: -- Total revenue of $742 million, up 72% from $433 million in second quarter 2006 -- Automotive/Mobile segment revenue in ... Continue reading

Oshkosh Truck Reports Third Quarter EPS up 68.1 Percent to $1.21

Oshkosh Truck Reports Third Quarter EPS up 68.1 Percent to $1.21

OSHKOSH, Wis.--Oshkosh Truck Corporation , a leading manufacturer of specialty vehicles and vehicle bodies, today reported third quarter of fiscal 2007 earnings per share (“EPS”) of $1.21 on sales of $1.85 billion and net income of $90.6 million. These results compare with EPS of $0.72 on sales of $887.9 mill ... Continue reading

WABCO Goes Public with Listing on New York Stock Exchange

WABCO Goes Public with Listing on New York Stock Exchange

NEW YORK and BRUSSELS, Belgium, August 1 -- - Company trades under symbol NYSE: WBC - WABCO directors declare quarterly dividend of 7 cents per share and authorize US$500 million stock repurchase program WABCO , a leading global provider of electronic braking, stability, suspension and transmission control systems for ... Continue reading

New 2008 600bhp Continental GT Speed Extends the Worldwide Appeal of Bentley's Iconic GT Coupe

New 2008 600bhp Continental GT Speed Extends the Worldwide Appeal of Bentley's Iconic GT Coupe

- The most powerful production Bentley ever and the first to top 200mph. - Inspired by Bentley’s legendary ‘Speed’ models of the1920s. - A harder-edged, more sporting Bentley driving experience. - Builds on the success of Bentley’s iconic Continental GT coupe. The Continental GT Speed is the most po ... Continue reading

Performance Electric-Car Company Co-Founder and CEO, Martin Eberhard of Tesla Motors To Speak at MPG Luncheon August 7

Performance Electric-Car Company Co-Founder and CEO, Martin Eberhard of Tesla Motors To Speak at MPG Luncheon August 7

LOS ANGELES, Aug. 1 -- The Motor Press Guild (MPG), America's largest professional automotive media association, announces that performance electric-car company Co-Founder and CEO, Martin Eberhard of Tesla Motors will speak at the August 7, luncheon. In a time when fuel alternatives are top-of-mind and electric cars ca ... Continue reading

Toyota Opens Toyota Technical Training Institute in India

Toyota Opens Toyota Technical Training Institute in India

<http://www.acnnewswire.net> Toyota Opens Toyota Technical Training Institute in India Tokyo, Japan, Aug 1, 2007 - (ACN Newswire) - Toyota Motor Corporation (TMC) announced that Toyota Kirloskar Motor Private Limited (TKM) opened the Toyota Technical Training Institute (TTTI), a technical training school for middle sch ... Continue reading

GRAND AM (DAYTONA) - Tight Point Battles Continue...

GRAND AM (DAYTONA) - Tight Point Battles Continue...

Scott Pruett (Daytona Prototype) and Dirk Werner (GT) know consistency alone won’t keep them atop their respective Grand-Am Rolex Sports Car Series presented by Crown Royal Special Reserve championship point standings heading into Friday’s Montreal 400k, a 92-lap (400 kilometers), two-and-a-half hour time lim ... Continue reading

INDYCAR (INDIANAPOLIS) - SERIES NOTES

INDYCAR (INDIANAPOLIS) - SERIES NOTES

1. Münter joins Schmidt team for Kentucky, Chicago<P> 2. Duno, Herb return for Michigan race<P> <P> 1. Münter joins Schmidt team for Kentucky, Chicago: Leilani Münter will make her Indy Pro Series debut Aug. 11 at the Kentucky Speedway in the No. ... Continue reading

NASCAR BCS (DAYTONA) - BIFFLE FINED FOR FAILING TO FULFILL POST-RACE MEDIA OBLIGATIONS

NASCAR BCS (DAYTONA) - BIFFLE FINED FOR FAILING TO FULFILL POST-RACE MEDIA OBLIGATIONS

NASCAR announced today that Greg Biffle has been fined $5,000 and placed on probation until Dec. 31, for failing to fulfill his post-race media obligations this past Saturday night, following the NASCAR Busch Series race at O’Reilly Raceway Park in Indianapolis. ... Continue reading

BMW Sales In China Up 38%

BMW Sales In China Up 38%

SHANGHAI - August 1, 2007: BMW AG has sold 23,667 BMW-brand sedans and Mini-brand cars in the first six months, up 38% year on year, of which 22,891 units were sold in Chinese mainland, an increase of 36% year on year, according to Chinese media report. Sales of the BMW brand, especially China-made 5-Series sedans, ros ... Continue reading

Infiniti Announces Pricing on 2008 G37 Coupe

Infiniti Announces Pricing on 2008 G37 Coupe

NASHVILLE, Tenn., Aug. 1 -- Infiniti today announced pricing on the all-new 2008 Infiniti G37 Coupe, which goes on sale August 21 at Infiniti retailers nationwide. The Manufacturer's Suggested Retail Price (MSRP) starts at $34,250 for the rear-wheel drive 330-horsepower 3.7-liter V6-equipped 2008 Infiniti G37 Coupe (wi ... Continue reading

LoJack Corp. Reports Records for Second Quarter Revenue, Gross Margin and Earnings Per Share

LoJack Corp. Reports Records for Second Quarter Revenue, Gross Margin and Earnings Per Share

WESTWOOD, Mass., Aug. 1 -- LoJack Corporation reported today that revenue for the second quarter ended June 30, 2007 increased 3% to $58.2 million from $56.7 million in the same quarter of the prior year. For the six months ended June 30, 2007 revenue increased 5% to $112.3 million from $107.4 million in the same perio ... Continue reading

Earthcars.com Launches; Comprehensive Green Car Website for US Consumers

Earthcars.com Launches; Comprehensive Green Car Website for US Consumers

BURLINGTON, Vt.--Americans tired of rising gas prices, as well as those environmentally conscientious now have a national resource to learn more about ‘green’ transportation. Earthcars.com, the only national website providing consumers with all the tools they need to learn, browse, compare and buy their fuel ... Continue reading

Class Action Lawsuit Against Lexus U.S.A. Inc, Claiming Lexus Front Passenger Airbags Are Defective

Class Action Lawsuit Against Lexus U.S.A. Inc, Claiming Lexus Front Passenger Airbags Are Defective

FORT LAUDERDALE, Fla.--The law firm of Sheldon J. Schlesinger, P.A. has filed a class action suit against Lexus U.S.A. Inc., Toyota Motor Sales U.S.A. Inc., and others, claiming that Lexus failed to correct problems with the front passenger air bag system in thousands of 2007 Lexus ES350 automobiles. The attorney who f ... Continue reading

Four Symptoms of a Sick Auto Cooling System

Four Symptoms of a Sick Auto Cooling System

BETHESDA, Md., July 31 -- It doesn't cough or wheeze but there are telltale signs that your vehicle's cooling system is under the weather. The most noticeable symptoms are overheating, leaks, a sweet smell of antifreeze and repeatedly needing to add coolant, according to the Car Care Council. "Cooling system neglect is ... Continue reading

LeMay Museum Presents the 30th Annual LeMay Museum Car Show & Auction

LeMay Museum Presents the 30th Annual LeMay Museum Car Show & Auction

FOR IMMEDIATE RELEASE: July 31, 2007 FOR MORE INFORMATION CONTACT: Holly Wood, The Harold E. LeMay Museum Ph: 253.779.8490 Fax: 253.779.8499 holly.wood@lemaymuseum.org LeMay Museum Presents the 30th Annual LeMay Museum Car Show & Auction This year's car show is sponsored by AAA (Tacoma, WA) - America's Car Museum will ... Continue reading

SuperCarDirect.com Offers Free Automotive Classifieds to Individuals, Dealers

SuperCarDirect.com Offers Free Automotive Classifieds to Individuals, Dealers

July 31, 2007 05:01 PM Eastern Daylight Time SuperCarDirect.com Offers Free Automotive Classifieds to Individuals, Dealers SAN FRANCISCO--What could be better than nationwide exposure when you want to sell a new or used car or truck? How about free nationwide exposure? “Starting Aug. 1, anyone wanting to sell a ve ... Continue reading

SAIC-GM-Wuling Mini-Car Sales Hit 300,000 in 2008 H1

SAIC-GM-Wuling Mini-Car Sales Hit 300,000 in 2008 H1

SHANGHAI - August 1, 2007: SAIC-GM-Wuling Automobile Co., Ltd, the leader in China's mini-car industry, sold over 300,000 mini-cars in the first half year, representing 43% of China's mini-car market, the company said in a recent report. Earlier this year, the company announced its sales target of 520,000 units in 2007 ... Continue reading

TEXACO Celebrates Cars and People Who Love Them With CAR OF THE DECADES Virtual Auto Show Contest

TEXACO Celebrates Cars and People Who Love Them With CAR OF THE DECADES Virtual Auto Show Contest

Chevron Global Marketing Chevron Corporation P.O. Box 6078 San Ramon, CA 94583-0778 www.chevron.com For IMMEDIATE Release TEXACO CELEBRATES CARS AND PEOPLE WHO LOVE THEM WITH CAR OF THE DECADES VIRTUAL AUTO SHOW CONTEST Lucky Grand Prize "Editor's Choice" Winner to Receive VIP Treatment at Daytona and a Chance to Meet ... Continue reading

Tower Automotive Completes Sale

Tower Automotive Completes Sale

NOVI, Mich., July 31 -- Tower Automotive, Inc. announced today that it has completed the sale of substantially all of its assets to Tower Automotive, LLC, an affiliate of Cerberus Capital Management, L.P. The sale concludes Tower's restructuring process and finalizes its emergence from Chapter 11. Tower filed for Chapt ... Continue reading

ExxonMobil Chemical Begins Commercial Production of Butyl Rubber Using a Proprietary New Breakthrough Technology

ExxonMobil Chemical Begins Commercial Production of Butyl Rubber Using a Proprietary New Breakthrough Technology

HOUSTON--ExxonMobil Chemical announced today that it has begun commercial production of butyl rubber at its Notre Dame de Gravenchon (NDG) plant in France using a new proprietary breakthrough process technology that it pioneered. The new technology enables ExxonMobil Chemical to significantly increase its butyl rubber ... Continue reading

TeleNav Web Poll: In-Car and Standalone Navigation Devices Are a Dead End for Consumers

TeleNav Web Poll: In-Car and Standalone Navigation Devices Are a Dead End for Consumers

SUNNYVALE, Calif.--Consumers should be wary of in-car and standalone GPS navigation systems, according to the results of a recent TeleNav Web poll. Approximately 50 percent of respondents with personal navigation devices (PNDs) stated that their navigation systems have provided them with incorrect directions or outdate ... Continue reading

Craig Whitney Joins Networkcar as Director of Marketing

Craig Whitney Joins Networkcar as Director of Marketing

- Experienced marketing veteran to support company growth strategy - SAN DIEGO, July 31 -- Networkcar(R), a leader in wireless vehicle management, today announced that Craig Whitney has been appointed director of marketing. Whitney, an industry veteran with more than twenty-five years experience in technology marketing ... Continue reading

eDirectGlass Announces Strategic Alliance with National Glass Exchange

eDirectGlass Announces Strategic Alliance with National Glass Exchange

New Program to Eliminate the Need for 3rd Party Claims Administration SCOTTSDALE, Ariz., July 31 -- eDirectGlass, the worldwide leading provider of Internet based point-of-sale and mobile related technologies, a wholly owned subsidiary of AMJ Logistics, Inc., today announced that it has entered in to a strategic allian ... Continue reading

Remy Reaches Agreement with General Motors; Secures Commitment for Financing Package from Barclays Capital

Remy Reaches Agreement with General Motors; Secures Commitment for Financing Package from Barclays Capital

ANDERSON, Ind., July 31 -- Remy International, Inc. announced today that it has reached agreements with General Motors Corporation (GM) with respect to the extension and enhancement of the Company's existing supply relationship with GM. The new GM arrangement is an important development in the furtherance of the Compan ... Continue reading

Sonic Automotive, Inc. Continues Strong Operating Trend in Second Quarter and Raises Full Year Earnings Guidance

Sonic Automotive, Inc. Continues Strong Operating Trend in Second Quarter and Raises Full Year Earnings Guidance

CHARLOTTE, N.C., July 31 -- Sonic Automotive, Inc. , a leader in automotive retailing, today announced that second quarter 2007 earnings from continuing operations were $30.0 million, or $0.65 per diluted share, compared to $17.8 million, or $0.41 per diluted share*, in the prior year period. "Our performance continues ... Continue reading

Group 1 Automotive Reports 2007 Second-Quarter Earnings

Group 1 Automotive Reports 2007 Second-Quarter Earnings

HOUSTON--Group 1 Automotive, Inc. , a Fortune 500 automotive retailer, today reported net income for the second quarter ended June 30, 2007, of $24.2 million, or $1.01 per diluted share. This compares with net income of $24.9 million, or $1.00 per diluted share, in the second quarter of 2006. The results for the second ... Continue reading

Sonic Automotive, Inc. Declares Quarterly Cash Dividend

Sonic Automotive, Inc. Declares Quarterly Cash Dividend

CHARLOTTE, N.C., July 31 -- Sonic Automotive, Inc. , a leader in automotive retailing, today announced that its Board of Directors approved a quarterly dividend of $0.12 per share payable in cash for shareholders of record on September 15, 2007. The dividend will be payable October 15, 2007. Sonic Automotive, Inc., a F ... Continue reading

Penske Automotive Reports Second Quarter 2007 Results

Penske Automotive Reports Second Quarter 2007 Results

BLOOMFIELD HILLS, Mich.--Penske Automotive Group, Inc. , an international automotive retailer, today reported that second quarter income from continuing operations increased 8.1% to $39.3 million and related earnings per share increased 10.5% to $0.42. Second quarter net income increased 10.0% to $40.4 million and rela ... Continue reading

Search The Auto Channel

The Auto Channel content library (since 1996) has grown to become the world’s most extensive and complete interactive archive of automotive centric news, articles, reviews and intense event coverage, presented to viewers as Text, Video and Images.

The Auto Channel Content by Topic

Vehicle manufacturers and alt fuels.