Roger Penske Still Looking into Possible Bid for Saturn
INDIANAPOLIS May 8, 2009; The AP reported that Roger Penske said Friday that he know he's operating in a "short time frame" if he wants to bid for the Saturn brand of General Motors Corp. Penske said his company, Bloomfield Hills, Mich.-based Penske Automotive Group Inc., hasn't yet made an offer for Saturn. Penske Aut ... Continue reading
IndyCar Practice Results - Indianapolis 500 - May 8, 2009
INDIANAPOLIS - Practice Friday for the Indianapolis 500 IndyCar Series event on the 2.5-mile Indianapolis Motor Speedway, with position, car number in parentheses, driver, chassis-engine and speed: 1. (6) Ryan Briscoe, Dallara-Honda, 225.981 2. (3) Helio Castroneves, Dallara-Honda, 225.438 3. (10) Dario Franchitti, Dal ... Continue reading
Team Penske's Briscoe, Castroves Top Fast Friday Practice At Indianapolis 500
INDIANAPOLIS, May 8, 2009: Roger Penske could be in line for his record 15th pole at the Indianapolis 500. On the final practice day before Pole Day, Team Penske's Ryan Briscoe and Helio Castroneves recorded the fastest laps on the 2.5-mile oval at the Indianapolis Motor Speedway. Briscoe was fastest with a lap at 39.8 ... Continue reading
Motorists Encouraged by President Obama's Transportation Budget Proposal
"This is a proposal we can work with," says The Highway Users President, Greg Cohen WASHINGTON, May 8 /PRNewswire-USNewswire/ -- The American Highway Users Alliance (The Highway Users) is pleased that the Obama Administration has presented a final budget proposal that recognizes the need to protect the ailing Highway T ... Continue reading
Tenneco to Webcast Annual Meeting May 13
LAKE FOREST, Ill.--Tenneco Inc. will hold its annual meeting of stockholders on Wednesday, May 13, 2009 at 10:00 a.m. CDT. The meeting will be at the companyâs corporate headquarters located at 500 North Field Drive, Lake Forest, Illinois. Holders of common stock of record at the close of business on March 16, 200 ... Continue reading
Series, IMSA Announce Departure Of Tim Mayer
IMSA and the American Le Mans Series announced today that Tim Mayer, the Chief Operating Officer of the companies, will be leaving his post as of the end of May 2009, after five and a half years with the company. Mayerâs duties will be re-assigned amongst various personnel and departments within the organization. ... Continue reading
Hupy & Abraham, S.C. Kicks Off Motorcycle Awareness Month With Safety Campaign
MILWAUKEE, May 8 -- Governor Jim Doyle has designated May as Motorcycle Safety Awareness Month in Wisconsin. In his proclamation, Governor Doyle stated, "Motorcyclists have the right by law to the safe enjoyment of their vehicles, including the full and equal use of the roadway without encroachment by other vehicles, w ... Continue reading
Hayes Lemmerz International, Inc. Receives Notification of Deficiency from NASDAQ
NORTHVILLE, Mich., May 8 -- Hayes Lemmerz International, Inc. ("Hayes") announced today that on May 4, 2009, it received a letter from the NASDAQ Stock Market ("Nasdaq") notifying Hayes that it was no longer in compliance with the rules for continued listing according to Listing Rule 5250(c)(1) as a result of its failu ... Continue reading
National Safety Council Praises West Virginia for New Teen Driving Law
ITASCA, Ill., May 8 /PRNewswire-USNewswire/ -- West Virginia Governor Joe Manchin today signed a graduated driver licensing (GDL) law that puts the state among the nation's leaders for its protection of teen drivers, their passengers and those who share the roads with them. The National Safety Council praises Gov. Manc ... Continue reading
BMW Puts a Premium on Independence
Washington DC May 8, 2009; The AIADA newsletter reported that as automakers look to increase the size and proportion of their sales to combat growing concerns about the global automotive industry, BMW is taking a different approach. The New York Times reports that the German luxury automaker, known for its iconic blue- ... Continue reading
WSJ Opinion: What is an 'American' Car?
As Chrysler fell into bankruptcy last week, with GM perhaps close behind, President Barack Obama and other government leaders were dispensing advice to the auto industry. According to Matthew J. Slaughter of the Wall Street Journal, unfortunately, much of this advice ignores the dynamism of today's global economy. The ... Continue reading
Goodyear Wins Important Military Supply Contract
AKRON, Ohio, May 8 -- With a 100-year history of serving the nation's military with key tire fitments, Goodyear broadens that business further with the announcement of its selection by BAE Tactical Vehicle Systems as the standard tire supplier for a widely used military transport vehicle. (Logo: http://www.newscom.com/ ... Continue reading
LED Lights for Motorcycles, Talk About Something Different
<b>Wyked Illuzionz Now Offering Lava Stingerz, Motorcycle LED Lights</b> Frederick, MD, May 8, 2009: Motorcycle LEDs are gaining in popularity, whether it be for beautification, uniqueness, personalization or safety, they are making their mark in the motorcycle industry. Wyked Illuzionz, one the of premier motorcycle L ... Continue reading
La Dolce Vita Automobili at Black Horse Event Establishes Automotive Design Scholarship Fund
<B>âCollectors Foundation to Facilitate and Direct Funds to Future Automotive Designersâ</b> AUBURN, May 8, 2009: La Dolce Vita Automobili at Black Horse has established the La Dolce Vita Automobili Scholarship. The Italian and European car event to be held August 14, 2009 in Monterey, California will support ... Continue reading
Elan Power Scores Latest Victory On Worldwide Stage
Karl Wendlinger and Ryan Sharp (top step) used Elan power to win the FIA GT race at Silverstone. Elan power and American muscle looks to dominate the 2009 FIA GT championship. A Saleen S7R with an engine built and prepared by Elan Power Products in Braselton, Ga., scored victory in the first race of the season at Silve ... Continue reading
Brawn GP - Spanish GP - Barcelona - May 8, 2009
PRACTICE After the first four flyaway races, Formula One returned to Europe this week with Brawn GP commencing the team's on-track preparations for the Spanish Grand Prix at the Circuit de Catalunya in Barcelona today. The Brawn-Mercedes cars have a number of aerodynamic upgrades for this weekend's race and today's pra ... Continue reading
2009 Indianapolis 500 Press Conference - May 8, 2009
<b>Roger Penske, Tim Cindric, Rick Mears, Helio Castroneves, Ryan Briscoe, Will Power Friday, May 8, 2009, Indianapolis Motor Speedway</b> PAT SULLIVAN: Welcome, everybody. Hope we got a lot of activity like yesterday in the books today. So it should be a busy day. It's always good to have Team Penske with us. We know ... Continue reading
Comptech/Honda-Powered Daytona Prototype to Debut at Verizon Festival of Speed
DAYTONA BEACH, May 8, 2009: A Comptech/Honda-powered Daytona Prototype is set to make its Grand-Am Rolex Sports Car Series presented by Crown Royal Cask No. 16 competition debut in the May 17 Verizon Festival of Speed presented by Speedcom Communications at Mazda Raceway Laguna Seca. Jordan Taylor and Jared Beyer are e ... Continue reading
Goldstar to sue Proton for breach of contract
Goldstar to sue Proton for breach of contract http://autonews.gasgoo.com/auto-news/1010376/Goldstar-to-sue-Proton-for -brea ch-of-contract.html Shanghai, May 8 (Gasgoo.com) Chinese company Goldstar Heavy Industrial Co will begin a lawsuit in China against Malaysian automaker Proton for an alleged breach of contract cas ... Continue reading
Dongfeng set to roll out Fengshen S30 car
Dongfeng set to roll out Fengshen S30 car http://autonews.gasgoo.com/auto-news/1010378/Dongfeng-set-to-roll-out-F engsh en-S30-car.html Shanghai, May 8 (Gasgoo.com) Dongfeng Motor announced that it will roll out its in-house developed Fengshen S30 sedan this month, xinhuanet.com said today. Fengshen S30, unveiled at th ... Continue reading
China sells 830,000 PVs in Apr, up 37%: CAAM
China sells 830,000 PVs in Apr, up 37%: CAAM http://autonews.gasgoo.com/auto-news/1010385/China-sells-830-000-PVs-in -Apr- up-37-CAAM.html Shanghai, May 8 (Gasgoo.com) China sold 830,000 sedans, minivans and other passenger vehicles in April, a rise of 37% year on year, the most in three years, xinhuanet.com reported t ... Continue reading
Superior Industries Reports 2009 First Quarter Results
VAN NUYS, Calif.--Superior Industries International, Inc. today announced a net loss of $56.5 million, or $2.12 per share, for the first quarter of 2009, which included an $8.9 million pretax charge for the impairment of long-lived assets and a $25.3 million charge to tax expense related to valuation of deferred tax as ... Continue reading
Sonic Automotive, Inc. Reports Solid First Quarter Earnings
Sets New Car Market Share Records, Raises its Annualized Cost Reduction Target to $135 Million CHARLOTTE, N.C., May 8 -- Sonic Automotive, Inc. , the nation's third-largest automotive retailer, today reported that 2009 first quarter earnings from continuing operations were $5.4 million, or $0.13 per diluted share, befo ... Continue reading
Harbin Electric Announces First Quarter 2009 Results
HARBIN, China, May 8 /PRNewswire-Asia-FirstCall/ -- Harbin Electric, Inc. (or the "Company", Nasdaq: HRBN), a leading Chinese developer and manufacturer of a wide array of electric motors, today announced its financial results for the first quarter of 2009. Financial Summary: First Quarter 2009 versus First Quarter 200 ... Continue reading
Kia sales soar in eight countries during April
NEWS FOR IMMEDIATE RELEASE CONTACT: Michael Choo ( <mailto:cdore@kia.co.kr> mjc@kia.co.kr), International Communications Manager, Kia Motors Corporation, Tel: +82-2-3464-5663 Kia sales soar in eight countries during April - cee'd leading new car sales increase in Western Europe - Kia outperforms the overall market and ... Continue reading
Save wiring time with Keep It Clean's 40 Amp Relay!
Save Time! Keep It Clean's? heavy duty 40-amp relays are the best choice for any type of 12-volt wiring project. The single pole/double throw relay will never get stuck or short out on you. Combine our heavy duty relays with our relay sockets, and you've just saved yourself hours of wiring time! To see the Keep It Clea ... Continue reading
ExxonMobil Chemical’s Arthur J. Sullivan Earns Leadership Honor from Synthetic Rubber Industry Group
HOUSTON--ExxonMobil Chemical announced that Arthur J. Sullivan, global vice president of its Butyl Polymer business, will receive the International Institute of Synthetic Rubber Producersâ (IISRP) prestigious General Award at the groupâs annual meeting in New York City. The award ceremony, set for Tuesday, Ma ... Continue reading
AutoTrader.com Launches Redesigned Home Page
New Design Allows Auto Shoppers to Easily Find Most Popular Features; Returning Users and New Users Will Find Auto Shopping Easy and Fun ATLANTA, May 8 -- AutoTrader.com, the ultimate automotive marketplace, has launched the first major redesign of the company's home page in several years. The new design makes finding ... Continue reading
Novelis Sees Increased Use of Aluminum Sheet in Automobiles
ATLANTA, May 7 -- Novelis Inc., the world's leading producer of aluminum sheet for automobiles, has seen an increase of more than 20 percent in the number of automotive applications of its lightweight material compared to a year ago. About 90 models of cars and light trucks today use Novelis aluminum sheet for a variet ... Continue reading
FinishMaster Announces First Quarter Financial Results
INDIANAPOLIS--FinishMaster, Inc. (Pink Sheets: FMST) today reported net income for the quarter ended March 31, 2009 of $2,462,000, or $0.31 per diluted share, compared with net income of $6,347,000, or $0.80 per diluted share, in the prior year period. The receipt of $5,224,000 in proceeds from settlement of a lawsuit ... Continue reading
ITW Directors Declare Quarterly Dividend
GLENVIEW, Ill., May 8 -- The board of directors of Illinois Tool Works Inc. today declared a regular quarterly cash dividend of 31 cents per share or $1.24 cents per share on an annual basis. This dividend will be paid on Tuesday, July 14, 2009 to stockholders of record Tuesday, June 30, 2009. With $15.9 billion in rev ... Continue reading
Raser Technologies, Inc. Will Report 2009 First Quarter Financial Results on May 12, 2009
PROVO, Utah--Raser Technologies, Inc. , a leading energy technology company, today announced that management will announce its 2009 first quarter financial results before the market open on Tuesday, May 12, 2009. Management will then host a conference call to discuss the results with the investment community: Time: 11 ... Continue reading
Pittsburgh Glass Works Announces Plant Closure
PITTSBURGH--With the continued decline of North American automotive vehicle builds in 2009 and beyond, and the unprecedented and radical restructuring of the automotive industry, Pittsburgh Glass Works (PGW) continues to respond to the changes in the markets it serves. The company previously announced closure of two fa ... Continue reading
See a live extrication demonstration performed by McKinney Fire Department WHAT: Great Designs in Steel - hosted by the Automotive Applications Council of American Iron and Steel Institute's Steel Market Development Institute (SMDI) - is the premier forum for the latest trends and applications in automotive steel techn ... Continue reading
Auto Affordability Improves as Borrowing Costs Plunge, Comerica Bank Chief Economist Reports
DALLAS, May 8 -- The purchase of an average-priced new vehicle took only 21.5 weeks of median family income in the first quarter 2009, according to Comerica Bank's Auto Affordability Index. This reading is down 1.3 weeks from the prior quarter and is the lowest on record. Median family income continued to fall in the f ... Continue reading
Polaris Industries Inc. to Present at The 2009 Robert W. Baird Growth Stock Conference
MINNEAPOLIS--Polaris Industries Inc. announced today that it will present at the Baird 2009 Growth Stock Conference at the Four Seasons Hotel in Chicago, Illinois on Wednesday, May 13, 2009 at 2:30 p.m. CDT. Mike Malone, Vice President of Finance and Chief Financial Officer of Polaris, will provide a brief review of th ... Continue reading
State Auto Financial Declares 72nd Consecutive Quarterly Dividend
COLUMBUS, Ohio--Today the board of directors of State Auto Financial Corporation declared a regular quarterly cash dividend of $0.15 per share, payable June 30, 2009 to shareholders of record at the close of business on June 15, 2009. This is the 72nd consecutive quarterly cash dividend declared by the companyâs b ... Continue reading
Auto Affordability Improves as Borrowing Costs Plunge, Comerica Bank Chief Economist Reports
DALLAS, May 8, 2009; The purchase of an average-priced new vehicle took only 21.5 weeks of median family income in the first quarter 2009, according to Comerica Bank's Auto Affordability Index. This reading is down 1.3 weeks from the prior quarter and is the lowest on record. Median family income continued to fall in t ... Continue reading
Nissan To Intro 370Z Hybrid as 2011 Model
Tokyo May 6, 2009; Nissan Hybrid 370Z the first high performance hybrid sports car on the market The 370Z hybrid will be powered by a version of the VQ engine displacing 3.7 liters and an electric motor. A hybrid drive system will use two separate clutches, one between the internal combustion engine and the electric mo ... Continue reading
California Leads Nation in Poor Roads; Average Cost to Motorists is $590 a Year
WASHINGTON--Californiaâs major urban roadways are the roughest in the nation, costing the average state driver at least $590 annually in extra vehicle operating costs. According to a report released today by TRIP and the American Association of State Highway Transportation Officials (AASHTO), 35 percent of major u ... Continue reading
Consumer Reports magazine has informed Toyota of an error in their June Issue, which includes a road test of the Toyota Venza. In the story, the magazine incorrectly lists Venzaâs all-wheel-drive system as a âlow.â Consumer Reports says this ââ¦was clearly uncalled forâ and will run a corre ... Continue reading
Toyota Announces Prices for 2010 Sienna - Big MiniVan
TORRANCE, Calif., May 8 -- Toyota Motor Sales (TMS), U.S.A., Inc., today announced manufacturer's suggested retail prices (MSRP) for the 2010 Sienna van will remain unchanged from 2009 model year prices. Sienna carries over unchanged for 2010 and will arrive at dealerships later this month. The Sienna is available in f ... Continue reading
U.S. Energy Secretary Steven Chu today detailed President Barack Obamaâs $26.4 billion Fiscal Year 2010 budget request for the Department of Energy, highlighting the Administrationâs commitment to transformational discoveries, breakthrough science, and innovative technologies in the nationâs effort to se ... Continue reading
Research and Markets: European Aftermarket Supply Chain, 2009 - Available Now
DUBLIN--Research and Markets (http://www.researchandmarkets.com/research/0c933d/european_aftermark) has announced the addition of the "European Aftermarket Supply Chain, 2009" report to their offering. The European Aftermarket Supply Chain report provides an detailed view of the wholesale supply chain flows. This compr ... Continue reading
United Capital Corp. Reports First Quarter Results
GREAT NECK, N.Y.--United Capital Corp. (NYSE Amex: AFP) today reported results for the quarter ended March 31, 2009 (see Table attached). Total revenues for the current quarter were $13.8 million, a decline of $4.9 million, compared to $18.7 million in the first quarter of 2008. Driven by the weakened economy and its c ... Continue reading
EnerDel Signs Letter of Intent to Supply Lithium-Ion Batteries to Fisker Automotive
Indiana Senator Bayh to Cut Ribbon at EnerDel on First Mass Production Lithium-ion Battery Line in U.S. INDIANAPOLIS, May 8 -- Batteries from EnerDel, the only U.S. lithium-ion car battery manufacturer with commercial-scale production capability, may power the Fisker Karma, scheduled to be the first plug-in hybrid elec ... Continue reading
A Message on the International Auto Industry
Dear AIADA Member, Lately, the news cycles have been packed with stories on the challenges faced by the domestic auto industry. We at AIADA have been monitoring the situation closely, and are working in Washington to protect the interests of all our dealer members. But with the focus on the domestic side of the industr ... Continue reading
koda has Great News for Scrappage Customers
koda, the manufacturer of happy drivers, is helping customers to make one last journey in their qualifying ten-year old cars, with some of the most competitive offers in the industry. koda, the UK's top car brand, has confirmed its participation in the government's scrappage scheme. It might be an emotional journey ... Continue reading
2010 Lexus IS 250C - Specs and Features
Tokyo, May 7, 2009 â Lexus announces the launch in Japan today of the "IS250C" convertible, an addition to the "IS250" "intelligent sports sedan" series. IS250C "Version L" The IS250C features an electrically operated metal top that ensures the four-seater maintains its characteristic beauty equally with the top u ... Continue reading
Toyota Reports Larger Quarterly Loss than GM
TOKYO May 8, 2009; Yuri Kageyama writing for the AP reported that Toyota Motor Corp. lost 765.8 billion yen ($7.7 billion) in the January-March quarter -- a bigger loss than General Motors reported -- wrapping up its worst fiscal year since the Japanese automaker was founded in 1937. Toyota also warned that because of ... Continue reading
Toyota Forecasts $8.6 billion Annual Loss as Sales Slide
Toyota Announces Year-End Financial Results (All consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States of America) Tokyo May 8, 2009; TOYOTA MOTOR CORPORATION (TMC) today announced operating results for the fiscal year ended March 31, 2009. ... Continue reading
Dacia Sandero Stepway: The Affordable Adventurer
Today saw Dacia take the wraps off Sandero Stepway at simultaneous events at the Barcelona Motor Show and at the L'Atelier Renault showroom in Paris. The adventurer looks of this variant of Sandero seeks to build on the success enjoyed by Dacia's compact yet spacious hatchback, sales of which have reached 60,000 units ... Continue reading
Peugeot Commission Bond to Record Brand New Arrangement of Vivaldi's Four Seasons
Bond, the original all-female, multi-million selling electronic string quartet, have applied their unique sound to one of classical music's most popular and iconic works - Vivaldi's Four Seasons. The modern interpretation of the Baroque masterpiece has been recorded by Bond exclusively for Peugeot to mark the launch of ... Continue reading
Ford MPVs Support Charity Walkers
Walkers pounding 26 miles sporting their bras next weekend to raise money for charity will be helped by a support crew in Ford S-MAX and Ford Galaxy MPVs provided by Ford of Britain. ... Continue reading
Nissan's Qashqai n-tec Drives Partnership with Island Records
To cement its position as the audio fan's favourite, Nissan has teamed up with legendary record label Island Records. With its multi-function Nissan Connect integrated in-car technology, the Nissan Qashqai and Qashqai+2 n-tec are perfect for music lovers on the move and Island Records is at the very heart of modern ... Continue reading
UK Debut for Land Rover's Latest Product Range at 2009 London Motorexpo
The new 2010 Range Rover, the 2010 Range Rover Sport and Discovery 4, recently launched to the world at the New York International Auto show, will all be showcased for the first time in the UK at the 2009 Motorexpo - set in the business district of Canary Wharf - from June 8-14, 2009. ... Continue reading
NV200: Nissan's New Global Van Makes European Debut at Barcelona Motor Show
The van version of Nissan's global NV200 will premiere today at the Barcelona International Motorshow. ... Continue reading
50 Years of MINI Production at Plant Oxford
Fifty years ago today, the first Mini rolled off the production line at Cowley, now called Plant Oxford. ... Continue reading
Lower Emissions Yield Savings for Land Cruiser Owners
Toyota has achieved a significant reduction in exhaust emissions from its legendary Land Cruiser, cutting its tax liability and strengthening its cost of ownership profile. ... Continue reading
New Fords Show Biggest CO2 Improvement Says Green Car Website
Ford's latest low carbon cars are leading the industry at reducing CO2 levels according to environmental website Clean Green Cars. ... Continue reading
The new 407 continues to improve, following new features introduced last July on both the 407 Saloon and SW, to its style, robustness and high quality. These combined enhancements to interior comfort and equipment (front parking assistance, new 'World in Peugeot' (WIP) navigation and WIP Com telematics systems) include ... Continue reading
Stunning SEAT Ibiza Bocanegra is Ready for the Road
SEAT is wowing the crowds at this week's Barcelona International Motor Show with the debut of a road-ready version of its stunning Ibiza Bocanegra. ... Continue reading
Honda Aircraft Company Updates HondaJet Program
Greensboro, North Carolina, May 7, 2009; Honda Aircraft Company, Inc., announced important updates to its HondaJet aviation program including revised first flight and delivery timetables for the company's industry-leading advanced light jet. Ongoing global aerospace industry business challenges have resulted in a delay ... Continue reading
ANN ARBOR, Mich. â General Motors and the University of Michigan today announced the formation of the GM/U-M Institute of Automotive Research and Education, with a strategic focus on reinventing the automobile and developing the next generation of high-efficiency vehicles powered by diverse energy sources. The Ins ... Continue reading
General Motors (GM) reported earnings for the first quarter today that were actually slightly better than analysts had expected, but these days there are much bigger issues at stake than beating the analysts. This quarter saw the company lose $6 billion on a ârevenue implosion,â down 47% from a year ago. Buye ... Continue reading
Mazda's O'Sullivan Named Auto Exec of the Year
By Steve Purdy TheAutoChannel.com Detroit Bureau (Photo provided by Automotive Executive of the Year staff) Detroit, May 6, 2009 - The ornate ballroom of the famed Detroit Athletic Club was packed with well-wishers today as the prestigious Automotive Executive of the Year Award was presented to Jim OâSullivan, Maz ... Continue reading
IIHS: U.S. States Automated Enforcement Laws
May 2009 Automated enforcement refers to the use of technology to enforce traffic safety laws. Although many jurisdictions that use automated enforcement are in states that have laws authorizing its use, not all states where automated enforcement is in use have such laws, nor are they always necessary. Most automated e ... Continue reading
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