US 1 Industries Announces 2008 Third Quarter and Nine Month Earnings (Dollars in thousands)
VALPARAISO, Ind.--US 1 INDUSTRIES, INC. (OTCBB:USOO) announced today the results for its third quarter and nine months ended September 30, 2008. Revenues for the third quarter and three month period ended September 30, 2008 decreased 0.7% to $46.0 million compared to $46.3 million for the same period in 2007. The Compa ... Continue reading
KAR Holdings, Inc. Reports Third Quarter 2008 Results
CARMEL, Ind.--KAR Holdings, Inc. today reported its third quarter financial results for the three months ended September 30, 2008. For the third quarter of 2008, the company reported revenue of $444.6 million as compared with third quarter 2007 revenue of $394.3 million, an increase of 12.8%. Adjusted EBITDA, excluding ... Continue reading
Carroll Shelby International Announces Date for 2008 Annual Shareholder Meeting
LOS ANGELES--Carroll Shelby International, Inc., (Pink Sheets: CSBI) announced today that its Annual Shareholder Meeting will be held on Tuesday, Dec. 16, 2008, at 11 a.m. PST at the Shelby Automobiles Inc., facility in Las Vegas, Nev. Shareholders will have an opportunity to vote on the election of the Board of Direct ... Continue reading
Enova Announces its 3rd Quarter 2008 Results
TORRANCE, Calif.--Enova Systems (AMEX: ENA) (AIM: ENV) (AIM: ENVS), an early stage production company in an emerging industry and a leading developer of proprietary electric, hybrid and fuel cell digital power management systems, today released its 3rd Quarter results for the 2008 calendar year. As reported in the seco ... Continue reading
Celevoke SEMA Survey Shows Fleet and Asset Managers Turning to Technology
LAS VEGAS--Over the next 12 months, many fleet and asset managers will be turning to new technology to help them contend with escalating fuel and theft costs, according to a survey conducted by Celevoke, Inc. at the annual Specialty Equipment Market Association Show earlier this month in Las Vegas. The survey reveals t ... Continue reading
Toyota's Mississippi Plant Delay?
NEW YORK, Nov 13, 2008; Reuters reported that Toyota Motor Corp, faced with a deep slump in the U.S. auto market, is considering postponing plans to start production at a plant it is building in Mississippi, Japan's Nikkei financial daily reported. The plant, originally scheduled to begin operating in 2010, is now expe ... Continue reading
Chrysler's Nardelli Says Company Needs Alliances and Bail Out
Chrysler LLC needs federal funding and an alliance with other automakers in the United States or abroad to ride out a crisis caused by collapsing demand that is threatening its survival, Chief Executive Bob Nardelli said on Thursday. Nardelli said the amount Chrysler would seek from its second U.S. government bailout i ... Continue reading
2009 Toyota Camry Hybrid Review
DRIVING DOWN THE ROAD WITH CAREY RUSS 2009 Toyota Camry Hybrid At this point in time, gasoline-electric vehicles have gone from early-adopter to mainstream technology. And what could underline that more than a hybrid version of that most popular of mid-size cars, the Toyota Camry? The Hybrid has been in the Camry lineu ... Continue reading
2009 SCCA Pro Racing Rulebook Now Available Online
TOPEKA, Kan. November 13, 2008: The latest edition of the 2009 SCCA Pro Racing Rulebook, containing regulations for SCCA World Challenge, SCCA Playboy Mazda MX-5 Cup and Volkswagen Jetta TDI Cup, is now available on the SCCA Pro Racing Web site. The PRR has undergone major revisions for 2009. In addition to the new Wor ... Continue reading
2009 Mercedes-Benz CLK550 Cabriolet Review
DRIVING DOWN THE ROAD WITH CAREY RUSS 2009 Mercedes-Benz CLK550 Cabriolet Power and luxury mean wasteful fuel use, right? But of course. That would explain the woeful 26-mpg average that showed on the trip computer during a 40-mile highway jaunt in the 2009 Mercedes-Benz CLK 550 Cabriolet that was my test car for the p ... Continue reading
Grand-Am Rolex Series November Test Days at Daytona International Speedway - Day 2 Notebook
DAYTONA BEACH, Fla. November 12, 2008: Grand-Am Rolex Sports Car Series presented by Crown Royal Cask No. 16 competitors finished off the two-day November Test Days on Wednesday at Daytona International Speedway, learning much about the 2009-specification Pirelli P Zero tires and coming away with sufficient track time. ... Continue reading
Lippo Village Unveils Street Circuit for A1GP Indonesia
London, Great Britain November 13, 2008: Indonesian fans of A1GP World Cup of Motorsport who have already marked their calendars for the A1GP Lippo Village, Indonesia scheduled to be held from the 6th to 8th of February 2009 will need to prepare to be thrilled as the new Lippo Village street circuit was unveiled today. ... Continue reading
Andretti Green Racing/AFS Racing Signs JR Hildebrand to Drive Firestone Indy Lights Entry
INDIANAPOLIS, Ind. November 13, 2008: Andretti Green Racing/AFS Racing announced that it has signed JR Hildebrand to drive one of its cars during the 2009 Firestone Indy Lights season. Hildebrand finished fifth in the 2008 Firestone Indy Lights championship, earning a victory at Kansas Speedway in addition to eight top ... Continue reading
Harker Claims 3rd Straight Victory With Win At LVMS
Las Vegas, NV November 13, 2008: Top Alcohol Funny Car driver and crew chief, Steve Harker made the final round for the twelfth time this season at the LODRS Division Seven Event held at ZMAX Dragway, November 7-9 and was successful in claiming the âWallyâ trophy and his fifth Divisional win of the year. Hark ... Continue reading
Rants Raves and Prognostications in This Months Letter From Europe
I cannot pretend that the news from the world of automobiles is particularly good or that I can see the light at the end of the tunnel. Clearly some manufacturers such as Toyota and Honda will survive as will the Koreans. Nissan also seems like a safe bet, albeit as a much smaller company. Their plant in Sunderland Eng ... Continue reading
Maxxis Brings Flying Dutchman to SEMA
* * MAXXIS BRINGS THE FLYING DUTCHMAN TO SEMA Appleton, WI (November 11, 2008) ? Every year, during the first week of November, the international world of the automotive aftermarket gathers at the Las Vegas Convention Center for the largest show of it kind, the Specialty Equipment Market Association (SEMA) Show. The #7 ... Continue reading
Ninth Circuit Court Hands Winning Victory to Denice Halicki in Dispute with Carroll Shelby
LOS ANGELES--Greines, Martin, Stein & Richland LLP announced that the Ninth Circuit Court of Appeals issued a published opinion in Halicki v. Carroll Shelby International et al., reinstating Denice Halickiâs case against Carroll Shelby and his fellow defendants. In this long-awaited ruling, the Ninth Circuit rever ... Continue reading
Governor Rendell Reminds Pennsylvanians Hybrid Vehicle Rebates Still Available
HARRISBURG, Pa., Nov. 13 /PRNewswire-USNewswire/ -- Governor Edward G. Rendell today reminded would-be car buyers -- or those who have purchased an eligible vehicle in the past six months -- that $500 rebates are available to make fuel-efficient electric hybrid vehicles more affordable. The Governor said Pennsylvania h ... Continue reading
Precision Auto Care Announces First Quarter FY 2009 Results
(July - September 2008) LEESBURG, Va., Nov. 13 -- Precision Auto Care, Inc. (Pink Sheets: PACI) announced its financial results for the first quarter of fiscal year ending June 30, 2009. Revenue was $3.2 million and loss was $6,000, or $0.00 per share, compared with a profit of $191,000, or $0.01 per share, on revenue ... Continue reading
Cooper-Standard Automotive Posts Third Quarter 2008 Results
-- Sales were $599.7 million, impacted by lower auto production -- Received a record $309.7 million of net new business awards year to date -- Restructuring to align with changing market conditions NOVI, Mich., Nov. 13 -- Cooper-Standard Holdings Inc., the parent company of Cooper-Standard Automotive Inc., today announ ... Continue reading
BlueFire Ethanol to Present at the Cellulosic Ethanol Summit
IRVINE, Calif.--BlueFire Ethanol Fuels, Inc. (OTC BB:BFRE.OB), a company changing the world's transportation fuel paradigm through the production of ethanol from non-food cellulosic wastes, has been invited to present at the Cellulosic Ethanol Summit at the Westin Colonnade Hotel in Coral Gables, FL, November 17 â ... Continue reading
Verizon Doubles Hybrid Sedan Fleet to Further Reduce Greenhouse Gas Emissions
Adding 100 Hybrid Sedans in Metropolitan Areas in Seven States and Washington, D.C., Is Expected to Conserve More Than 16,000 Gallons of Fuel Annually NEW YORK, Nov. 13 -- Verizon will add another 100 hybrid sedans to its motor vehicle fleet in metropolitan areas across seven states and Washington D.C., conserving thou ... Continue reading
Ener1 Reports Third Quarter 2008 Results
NEW YORK, Nov. 13 -- Ener1, Inc. (AMEX:HEV) , maker of advanced lithium-ion battery solutions to power the next generation of hybrid, plug-in hybrid and pure electric vehicles, today reported its third quarter 2008 financial results. EnerDel, Ener1's lithium-ion battery subsidiary, is on target to begin volume producti ... Continue reading
GreenChek Signs Strategic European Distribution Agreement
SAN FRANCISCO--GreenChek Technology Inc. (OTCBB:GCHK), a leading globally focused provider of hydrogen based technology for mobile transportation and stationary power generation applications, reported today that they have signed a strategic European distribution agreement with Technical Environmental Solutions Europe L ... Continue reading
Pointer Telocation Revenue Continues to Grow in Q3 2008
Revenue Increased 65.7% to $58.6M in the First Nine Months of 2008 Non-GAAP net Income Increased to $5.8M in the First Nine Months of 2008 EBITDA: Increased 105% to $11.9M in the First Nine Months of 2008 ROSH HA'AYIN, Israel, November 13 -- Pointer Telocation Ltd. (Nasdaq Capital Market: PNTR, Tel-Aviv Stock Exchange: ... Continue reading
Fisker Automotive and Valmet Automotive Have Signed Final Assembly Contract for the Fisker Karma
IRVINE, Calif., Nov. 13 -- Fisker Automotive, Inc., a green American premium car company, today announced that they have signed the final assembly contract with Valmet Automotive to manufacture the Fisker Karma in Finland. Valmet Automotive will be the engineering and manufacturing supplier for Fisker Automotive. The F ... Continue reading
Brabus Customization Program for the Tesla Roadster
The first tuned electric car comes from BRABUS: The first project of the future cooperation between Tesla Motors, Inc. and the new BRABUS business division Zero Emission celebrates its world debut at the 2008 Essen Motor Show. BRABUS presents an exclusive customization program for the Tesla Roadster, the world’s ... Continue reading
Haima To Unveil First Hatchback At Guangzhou Show
Haima to unveil first hatchback at Guangzhou show http://www.gasgoo.com/auto-news/1008362/Haima-to-unveil-first-hatchback -at-G uangzhou-show.html Shanghai, November 13 (Gasgoo.com) Chinese automaker Haima Investment Group Co will unveil its first ever high-end hatchback at the upcoming Guangzhou International Motor Sh ... Continue reading
500 Suppliers Vying For BMW Sourcing On Day 1 CIAPE
500 suppliers vying for BMW sourcing on Day 1 CIAPE http://www.gasgoo.com/auto-news/1008364/500-suppliers-vying-for-BMW-sou rcing -on-Day-1-CIAPE.html Shanghai, November 13 (Gasgoo.com) On November 12, the opening day of the 2008 China International Auto Parts Expo (CIAPE), more than 500 suppliers were vying for the au ... Continue reading
Chery Auto To Cut Prices Of Seven Models In Oct
Chery Auto to cut prices of seven models in Oct http://www.gasgoo.com/auto-news/1008356/Chery-Auto-to-cut-prices-of-sev en-mo dels-in-Oct.html Shanghai, November 13 (Gasgoo.com) Chery Auto's sales company said that this month it will cut the prices of seven car models of six Chery brands this month by up to 11,000 yuan ... Continue reading
Fisker Automotive And Valmet Automotive Have Signed Final Assembly Contract For The Fisker Karma
Fisker Automotive, Inc., a green American premium car company, today announced that they have signed the final assembly contract with Valmet Automotive to manufacture the Fisker Karma in Finland. Valmet Automotive will be the engineering and manufacturing supplier for Fisker Automotive. ... Continue reading
Jaguar.co.uk Is Voted Best Car Manufacturer Website
Car Dealer magazine has hailed Jaguar's customer website 'Car Manufacturer Website of the Year' in their 2008 Ewards. The Ewards are held in association with Motors.co.uk and aim to find the very best car dealer websites on the Internet. ... Continue reading
The Heat Is On This Winter Thanks To Vauxhall's Combo
A company that is at the forefront in energy efficient gas central heating systems is using a number of Vauxhall Combo vans to ensure that the heat is always on for its customers this winter. ... Continue reading
Fiat Completes Overhaul Of Dealer Used Vehicle Remarketing Systems
As part of its on-going business development plans, Fiat UK has appointed two new suppliers to complete a wholesale overhaul of its dealer remarketing programme and ultimately support the network in selling more used cars. ... Continue reading
Young Male Drivers "Most Likely To Be Uninsured And Unlicensed" Says Report
Potentially lethal unlicensed drivers tend to be younger and male, driving up to a staggering 3.7 million hours a month according to a report published this week in the latest edition of Advanced Driving, the IAM members' magazine. ... Continue reading
Interactive session (ref. 20383) to be presented by Tom Robinson, senior manager, control & electronics, Ricardo UK Ltd, will take place on Thursday November 20, 9.30am-1.00pm, in the Exhibit Hall of the 15th World Congress on Intelligent Transport Systems, at the Jacob K. Javits Convention Center, New York City ... Continue reading
Volkswagen Puts Customers First With New Website Functions
Volkswagen has added a number of new functions to its www.volkswagen.co.uk website, all aimed at helping new and existing customers find the information they require to make the right purchasing decisions. ... Continue reading
The Ferrari California - Shell Helps Develop New Engine
Over the past two years a dedicated team of Shell engineers has worked closely with the Ferrari Gran Turismo (GT) road car department to implement the advanced Direct Fuel Injection (DFI) fuel system into the new Ferrari California. As the first Ferrari to feature this system, the California is a step toward the future ... Continue reading
The Art Of Tuning And Strategic Partnerships - ABT At The SEMA Show
The city of sin. It's known as this because here, in the middle of the desert, some people gamble away house and home in one of the many casinos. Having said that, entertainers such as Frank Sinatra or Dean Martin have also appeared in Vegas and enhanced the glamorous image of the metropolis. ... Continue reading
Watch Hundreds Of Classic Motoring Archive Films For Free
Universal Motoring History has turned its comprehensive film archive into a free online motoring history resource for all serious car enthusiasts. The archive consists of more than 500 classic films from around the world from the 1890s onwards and can now be enjoyed for free 24 hours a day at www.auto-history.tv. ... Continue reading
Honda to Demonstrate Advanced Safety Technology in New York
NEW YORK--Honda (http://www.honda.com) engineers will demonstrate an advanced vehicle-to-vehicle communications system that helps vehicles avoid collisions with one another as part of Hondaâs participation in the 15th annual World Congress on Intelligent Transportation Systems. This will be done by showing a worki ... Continue reading
The Mansory Coorporation GmbH absorbed the Porsche refinig division of the Rinspeed AG at November 1st, 2008. "After the sale of the tune-up division we will zoom in on our core competences - the development of project vehicles and our services for the automotive industry and the end consumer", reasons the Rinspeed fou ... Continue reading
The Phaeton in Model Year 2009: Perfected Controls Concept with New Infotainment System
The Phaeton - the Volkswagen flagship - has new technical features on board starting right now. An entirely new generation of infotainment systems (RCD 810 and RNS 810) is being introduced. The systems - equipped with an 8-inch touchscreen - offer significantly extended functionality, quicker access to infor¬mation an ... Continue reading
Opel Zafira 1.6 CNG Turbo: First Turbo-charged CNG Van
The most powerful natural gas-propelled vehicle premieres in December when Opel presents its first Compressed Natural Gas compact van with a turbo-charger at the Bologna motor show (December 5 to 14, 2008). ... Continue reading
Change Your Oil and Filter; It's About Time
NEW YORK, Nov. 13 -- MS -- Generally, car owners are aware of the need to change their vehicle's oil and filter every 3,000 miles or as frequently as the manufacturer suggests; that's been the rule of thumb for years. However, many have forgotten the other half of the rule -- change your oil and filter every three mont ... Continue reading
Mercedes-Benz Plant Ranks Highest in Initial Quality among Manufacturing Plants in South Africa JOHANNESBURG, South Africa, Nov. 13 -- For the first time since the inception of the study in 2004, Mercedes-Benz ranks highest in initial quality among passenger vehicle nameplates in South Africa, according to the J.D. Pow ... Continue reading
Democrats urge federal stake in big auto companies
WASHINGTON November 12, 2008; Ken Thomas and Jennifer Loven writing for the AP reported that Congressional Democrats are pushing legislation to send $25 billion in emergency loans to the beleaguered auto industry in exchange for a government ownership stake in the Big Three car companies. House Speaker Nancy Pelosi, D- ... Continue reading
JAMA Comments on the U.S. Presidential Election Results
Automobile Manufacturers Association (JAMA) warmly congratulates Senator Barack Obama on his election as the forty-fourth president of the United States of America. Satoshi Aoki, Chairman The Japan President-elect Obama will be assuming his new post at an extraordinarily difficult moment in history. The backdrop to thi ... Continue reading
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