Toyota to launch credit card in fall
LOS ANGELES -- In an era of shrinking credit, Toyota Financial Services is jumping into the consumer credit market with a Toyota-branded credit card. The card will let consumers accrue points through purchases. Those points can be redeemed for future discounts on vehicle parts and maintenance, or toward the down paymen ... Continue reading
Maserati plans to launch in India
MODENA, Italy -- Italian sports carmaker Maserati is looking for a distributor in India. CEO Roberto Ronchi said Maserati's initial sales in India would be small, but he expects the market for premium models to quickly develop in the country. "In the coming months we will announce our distributor for India," Ronchi sai ... Continue reading
Honda seeking approval to double China capacity
Honda said today it was seeking Chinese government approval to double production capacity at its local joint venture plant with Dongfeng Motor to 240,000 vehicles a year. That would bring total capacity in China for Japan's second-biggest automaker to 650,000 units a year. Honda has another car-making venture with Guan ... Continue reading
Making Pledges, Zoom Zooming; CTSing, V10 ing and Other (Th)ings in This Months Letter From Europe
By Andrew Frankl European Bureau Chief The Auto Channel Even though this letter from Europe is supposed to be all about cars let me digress for a second to something even more important than the number of seats in a Cadillac Escalade. For most readers this wonât seem like a big deal but it was for me. Last week I ... Continue reading
Kia aims to nearly double foreign sales by 2010
SEOUL Kia said today it aims to nearly double overseas sales to 1.9 million vehicles in 2010 by launching new models and boosting its presence in foreign markets. Kia, South Korea's No.2 automaker and an affiliate of market leader Hyundai, said in a statement that it plans to launch a revamped model of the Lotze mid-si ... Continue reading
FIRESTONE FREEDOM 100 - QUALIFYING
INDIANAPOLIS - Qualifying Thursday for the Firestone Freedom 100 Firestone Indy Lights event on the 2.5-mile Indianapolis Motor Speedway, with starting position, car number in parentheses, driver and speed: 1. (15) Dillon Battistini, 188.397<BR> 2. (11) James Davison, 188.390 <BR> 3. (33) Wade Cunningham, 188.060 <BR> ... Continue reading
CLOSE COMPETITION - IT'S NEVER BEEN BETTER
The first half of the American Le Mans Series has been the closest and most competitive in its 10-year history. It couldn't get any more competitive, could it? The opening half of the American Le Mans Series was tantalizingly tight with the closest and fastest racing seen in the Series' 10 seasons. And last weekend at ... Continue reading
Speedway Motorsports Agrees to Purchase Kentucky Speedway
CHARLOTTE, N.C. â Speedway Motorsports, Inc. has agreed to purchase Kentucky Speedway from Kentucky Speedway, LLC. The agreement was announced today by O. Bruton Smith, founder, chairman and chief executive officer of Speedway Motorsports, Inc. The acquisition is expected to close in the fourth quarter of 2008. Ke ... Continue reading
Pacific Power Products Expands Parts, Sales & Service Offerings to On-Highway Market
New bumper-to-bumper service, parts and maintenance work is now available for all makes, models and power trains. RIDGEFIELD, Wash., May 22 -- Pacific Power Products Company announced today it expanded product and service offerings to the On-highway market. Effective immediately, all Pacific Power Product locations wil ... Continue reading
-- Chrysler and Dodge minivans earn Institute's top rating, "Good" rating in front and side crash protection -- Chrysler Town & Country and Dodge Grand Caravan offer more than 40 safety and security features AUBURN HILLS, Mich., May 22 -- The all-new 2008 Chrysler Town & Country and Dodge Grand Caravan earned "good" ra ... Continue reading
TRW Develops Scalable Low Cost Airbag Electronic Control Units for Emerging Markets
LIVONIA, Mich., May 22 -- The TRW Automotive Holdings Corp. subsidiary, TRW Automotive U.S. LLC, has developed a scalable airbag control unit (ACU) designed for the growing low-cost vehicle markets. The intelligent solution allows the ACU to be adapted within a platform to offer two options - standard and enhanced - fo ... Continue reading
AGR NOTES - INDY 500 PRE-RACE QUOTES
Danica Patrick, #7 Motorola Dallara/Honda/Firestone "This has been a great month for the Motorola team. We have not had a whole lot of time on the track, but the time that we have been on track has been great. I am happy about starting in the second row, but this is a long race and I have to be patient and consistent t ... Continue reading
Fan's Want Action & Competition - Talladega's Got It
TALLADEGA, Ala. â Nearly one-third of the way into the 2008 NASCAR season, one track has shone brighter than the rest in highlighting the racy capabilities of NASCARâs new car⦠that track is Talladega Superspeedway. Last monthâs Aaronâs Dream Weekend set a season-high mark with 52 lead changes ... Continue reading
NBC NIGHTLY NEWS WITH BRIAN WILLIAMS; TO AIR MAY 23 FROM IMS
INDIANAPOLIS, â âNBC Nightly News with Brian Williamsâ will be broadcast live Friday, May 23 from the Indianapolis Motor Speedway. Brian Williams will anchor the award-winning newscast from 6:30-7 p.m. (ET) with famous IMS landmarks in the background, including the iconic front straightaway, Bombardier L ... Continue reading
The following article is adapted from Edwin Black's bestselling 2006 book Internal Combustion, which won numerous awards for editorial excellence, including Best Book of the Year from the American Society of Journalists and Authors, plus the Green Globe, Thomas Edison Award and Best Investigation of the Year. Learn mor ... Continue reading
Dana Holding Corporation Board of Directors Authorizes Payment of Dividend on Preferred Stock
TOLEDO, Ohio, May 22 -- The Board of Directors of Dana Holding Corporation announced that it has authorized the payment of a dividend to shareholders of 4.0 percent Series A Convertible Preferred Stock and 4.0 percent Series B Convertible Preferred Stock. A cash payment of $1.33 per share for the four-month period from ... Continue reading
American Axle & Manufacturing Declares Second Quarter 2008 Dividend
DETROIT, May 22 -- American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, today announced a cash dividend of $0.15 per share payable on June 27, 2008 to stockholders of record on all of the Company's issued and outstanding common stock as of June 7, 2008. AAM is a world leader in the ma ... Continue reading
Ford is Neutral on Tracinda Tender Offer
DEARBORN, Mich., May 22 -- Ford Motor Company announced today that its Board of Directors has determined that Ford will express no opinion and is neutral with respect to Tracinda Corporation's tender offer to purchase up to 20 million shares of Ford's common stock at a price of $8.50 per share, net to the seller in cas ... Continue reading
Ford Motor Company Provides Business Update
DEARBORN, Mich., May 22 -- Ford Motor Company [NYSE: F] today said it is making adjustments to its production plan and revising downward its near-term North American Automotive profit outlook, while planning further manufacturing capacity realignments, additional cost reductions and changes to its product mix to respon ... Continue reading
SuperShuttle International, Inc. Acquires Golden Touch Transportation of New York, Inc.
PHOENIX, May 22 -- SuperShuttle International, Inc. announced today it has acquired Golden Touch Transportation of New York, Inc. The purchase price of the acquisition was not disclosed. (Logo: http://www.newscom.com/cgi-bin/prnh/20071030/LATU031LOGO) The acquisition of Golden Touch Transportation includes approximatel ... Continue reading
Ford Begins To Reduce Production Rate On Selected Models
<p>DEARBORN, -- Ford Motor Company today said it is making adjustments to its production plan and revising downward its near-term North American Automotive profit outlook, while planning further manufacturing capacity realignments, additional cost reductions and changes to its product mix to respond to the rapidly chan ... Continue reading
New Kia Soul production model will retain concept´s name
Kia Motors Corporation has confirmed that its all-new production model will retain the spirit and name of the SOUL concept cars shown earlier this year at the Geneva Motor Show and the first SOUL concept car which debuted at the 2006 North American International Auto Show in Detroit. ... Continue reading
A car that creates forests - BORREGO
A car that creates forests - BORREGO May 20th, 2008 Posted in Social Responsibility By Kyehwan Roh Assistant Manager Sustainability Management Team We are currently facing a global issue threatening our planetâs future: Global Warming. Recognizing that climate change as a serious problem, Kia Motors is making prog ... Continue reading
New Kia Soul production model will retain concept's name
NEWS FOR IMMEDIATE RELEASE CONTACT: Michael Choo (mjc@kia.co.kr <mailto:cdore@kia.co.kr> ), International Communications Manager, Kia Motors Corporation, Tel: +82-2-3464-5663 New Kia Soul production model will retain concept's name - New Kia Soul production model will appeal to the 'young-at-heart' - World premiere of ... Continue reading
8 out of 10 UK Drivers Unaware Their Road Tax May Double
LONDON, May 22 -- - With Photo Eighty-four per cent of British drivers are unprepared for the radical changes to road tax rates which will see a million people pay more than double over two years, according to the Environmental Transport Association. The graduated rates of vehicle excise duty in 2009 will be based on a ... Continue reading
America's Service Station Introduces Overnight Car Service
ATLANTA, May 21 -- In an effort to assist customers with managing their time, America's Service Station in Atlanta, Georgia has added to their extensive list of customer-friendly benefits. Overnight Car Service is the newest advantage offered by all 10 area locations. This concept was developed in order to help custome ... Continue reading
2009 Subaru Forester Earns Highest Ratings in NHTSA NCAP Crash Tests
- The Subaru Forester received the highest possible safety rating - five stars, for both frontal and side-impact crash tests for all seating positions - CHERRY HILL, N.J., May 21 -- Subaru of America, Inc. today announced that the 2009 Subaru Forester earned the highest rating in the U.S. Department of Transportation's ... Continue reading
Memorial Day Gridlock Still Expected
Statement by Janet Kavinoky, Executive Director, Americans for Transportation Mobility Coalition WASHINGTON, May 21 /PRNewswire-USNewswire/ -- The following is a statement by Janet Kavinoky, Executive Director of Americans for Transportation Mobility Coalition: "Travel experts predict economic uncertainties and higher ... Continue reading
GMC Acadia Providing Millions With Complimentary Parking, Coffee and, Well, Compliments
Automaker pays for valet parking and coffee in cities nationwide to promote the Acadia crossover vehicle - all while playfully complimenting them on how good they look today DETROIT, May 21 -- Through the end of May, GMC is showering the driving public with compliments and complimentary services. More than 50,000 drive ... Continue reading
Washington Drivers Challenged to Drive Nice for a Day
Governor Proclaims May 22 Drive Nice Day Throughout State SEATTLE, May 21 -- Governor Gregoire has pronounced May 22 Drive Nice Day throughout Washington state, challenging drivers to make a conscious effort to drive nice and help make it a collision-free day in the state. Drive Nice Day, founded by SWERVE Driver Train ... Continue reading
World premiere of the Volkswagen Scirocco GT24 with 325 PS
Volkswagen will present the world premiere of a 239 kW (325 PS) version of the new Scirocco today at the legendary GTI Meet at Wörther Lake. ... Continue reading
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