US auto dealers can soon seek gov't-backed loans
WASHINGTON, May 28, 2009; (Reuters) - The Obama administration will offer U.S. auto dealerships loans of up to $2 million to help buy vehicles and maintain inventories, the top members of the Senate's Small Business Committee said on Thursday. The U.S. Small Business Administration's pilot program will provide loans of ... Continue reading
IndyCar Series Notes - May 28, 2009
Briscoe returns to Milwaukee: Ryan Briscoe expected a breakout IndyCar Series season with the full-time move to Team Penske in 2008. Initially, the breaks didn't go his way. No top-five finishes in the first five races despite three top-five starts, including a front-row perch for the 92nd Indianapolis 500. That might ... Continue reading
According to AAA, Sixty Percent of Motorists Admit to Losing Their Temper While Driving
BURNSVILLE, Minn.--Aggressive driving kills, says AAA Minnesota/Iowa. More than half of fatal crashes involve some form of aggressive drivingâspeeding, running another driver off the road, tailgating or yelling obscenities. A 2008 survey by the AAA Foundation for Traffic Safety found that 80 percent of respondents ... Continue reading
SAN DIEGO, May 28 -- "The latest GM 'offer' sends a chilling message to all individual bondholders, not just those, like us, holding GM bonds: contracts in America are no longer worth the paper they are written on," said GM Bondholders Unite (www.gmbondholdersunite.com), a grassroots organization representing individua ... Continue reading
Iteris, Inc. Reports Fourth Quarter Revenue of $16.4 Million
SANTA ANA, Calif.--Iteris, Inc. (NYSE Amex: ITI), a leader in the traffic management market that focuses on the application and development of advanced technologies, today reported financial results for its fourth fiscal quarter ended March 31, 2009. For the quarter ended March 31, 2009, Iteris, Inc. (the âCompany ... Continue reading
Energy-Efficient Engine Technology Wins Ford Team National Inventor of the Year Award
DEARBORN, Mich., May 28 -- SUMMARY: -- The Intellectual Property Owners Education Foundation is honoring the inventors of the Ford-patented Plasma Transferred Wire Arc (PTWA) technology used to apply coatings on engine cylinder bores with the 2009 National Inventor of the Year Award -- Ford's PTWA thermal spray coating ... Continue reading
Volkswagen Group of America to Showcase Fuel Cell Vehicles at the State Capitol
-- Cutting-edge technology used at Beijing Olympics will make its California debut -- Volkswagen Group of America will showcase its Passat Lingyu fuel cell vehicles at the State Capitol on Wednesday, June 3, 2009. The Passat Lingyu is a zero-emission vehicle powered by a hydrogen fuel cell that can go up to 90 mph and ... Continue reading
Kenworth T370 Becomes First Medium Duty Hybrid Truck in New York City’s Fleet
NEW YORK--A new Kenworth T370 was formally introduced today as the first medium duty diesel-electric hybrid truck in New York Cityâs truck fleet. During a special event at the 21st annual Vehicle & Equipment Show, officials from the New York City Department of Sanitation welcomed the departmentâs Kenworth T37 ... Continue reading
SAE International Updates Accident Reconstruction and Occupant Protection Research Collections
WARRENDALE, Pa., May 28 /PRNewswire-USNewswire/ -- SAE International has updated its technical paper collections on Accident Reconstruction and Occupant Protection and Crashworthiness with the latest research presented at the SAE 2009 World Congress. The following collections are now available on CD-ROM: 2009 Accident ... Continue reading
SAN CARLOS, Calif.--Tesla Motors has launched a safety recall covering all 345 Tesla Roadsters manufactured before April 22, 2009. Tesla decided to inspect the rear, inner hub flange bolts on several Roadsters after one owner reported uncharacteristic handling. After a root-cause analysis, Tesla determined that the rea ... Continue reading
SACRAMENTO, Calif.--Raser Technologies, Inc. , a leading energy technology company, will join with California Governor Arnold Schwarzenegger today to demonstrate Raserâs Electric Hummer H3, designed to achieve 100 mpg for a typical daily drive of 60 miles. The H3 uses an extended range electric vehicle (E-REV) pow ... Continue reading
MotoGP Preview - Grand Prix Of Italy - May 28, 2009
EVENT: Grand Prix of Italy<br> WHERE: Mugello Circuit, Mugello, Italy. Circuit is 3.259 miles (5.245 km), with 15 turns. Race is 23 laps.<br> WHEN: Sunday, May 31. It is the fifth of 17 events this season.<br> 2008 RACE WINNER: Valentino Rossi, by 2.201 seconds over Casey Stoner<br> 2008 POLE WINNER: Rossi, 1 minute, 4 ... Continue reading
NADA Applauds New Government-Backed Pilot Program That Allows Dealer Floorplan Loans
KOKOMO, Ind., May 28 /PRNewswire-USNewswire/ -- After a number of meetings between the National Automobile Dealers Association and the Obama administration in which NADA urged for greater access to floorplan loans, the Small Business Administration announced today it's launching a pilot program that will -- for the fir ... Continue reading
Azure Dynamics Wins at the 24th Annual Canadian Advanced Technology Alliance Awards
OAK PARK, MI, May 28 -- Azure Dynamics Corporation (TSX: AZD) - ("Azure") or (the "Company"), a leading developer of innovative hybrid green technologies that address environmental and cost issues for operators of commercial vehicle fleets, was recently chosen as a winner at the 24th Annual Canadian Advanced Technology ... Continue reading
California Tire Measure is a Lawsuit Magnet
RMA Says Bill is Inconsistent, Contradictory, Fear-Mongering WASHINGTON, May 28 /PRNewswire-USNewswire/ -- The Rubber Manufacturers Association today criticized a California Assembly bill as "inconsistent," "contradictory" and "fear-mongering" that would only serve to increase lawsuit opportunities for the bill's prima ... Continue reading
SBA Will Offer Floor Plan Financing to Auto, RV, Other Dealerships Beginning July 1
KOKOMO, Ind.--The U.S. Small Business Administration will offer government guaranteed loans to finance inventory for eligible auto, recreational vehicle, boat and other dealerships under a new pilot program announced today by SBA Administrator Karen Mills. Dealer Floor Plan (DFP) financing will be available beginning J ... Continue reading
Target Ganassi Racing - Milwaukee Preview - May 28, 2009
Scott Dixon and the No. 9 Target Team http://www.chipganassiracing.com/drivers/ Dixon Joins Wall of Fame: Dixon expected last weekend to take possession of the Halberg Award statue that he won in February as New Zealand's Sportsman of the Year. But the 2008 Indianapolis 500 and IndyCar Series champion was surprised to ... Continue reading
Andretti-Green Racing - Milwaukee Preview - May 28, 2009
Driver: Danica Patrick Car: #7 Boost Mobile/Motorola Dallara/Honda/Firestone Danica Patrick on the ABC Supply/A.J. Foyt 225: "I'm looking forward to the Milwaukee race. I have always enjoyed the track, it's fun. The key to this track is having a strong, solid car from the start. Eddie (Jones) and I have been working ha ... Continue reading
Edmunds.com Sees Lessons in Chrysler’s Bankruptcy as GM Prepares to File
SANTA MONICA, Calif.--A new Chrysler may be emerging just a GM slips into bankruptcy. Chryslerâs experience has been extraordinary: it is going through a smoother, faster bankruptcy with the federal government playing the unprecedented role of both task-master and mediator. GM is not Chrysler: GM is far larger and ... Continue reading
Summerton heads to Milwaukee Mile for first short oval of career
MILWAUKEE, May 28, 2009: Jonathan Summerton takes on a new challenge this weekend, driving on 1-mile oval for the first time in the Firestone Indy Lights event at the venerable Milwaukee Mile. âIâve never even tested on a one-mile oval,â Summerton said. âIâm really excited to go do a short oval ... Continue reading
NSC's New 'Teen Driving Safety Leadership Award' Honors Individuals Who Steer Teen Drivers Right
ITASCA, Ill., May 28 /PRNewswire-USNewswire/ -- The National Safety Council's new Teen Driving Safety Leadership Award recognizes individuals and organizations that have made great advances in protecting teen drivers. Created to honor individuals and organizations that have made exceptional contributions to reducing th ... Continue reading
2009 Toyota Hiace: Cooler Than Ever
The Toyota Hiace is a cool prospect for 2009, newly equipped as standard with air conditioning. The upgrade is one of a range of new features for the new model year, introduced to improve comfort on board, along with new-design seats with a smart-but-tough cloth upholstery and fabric covered door panels with an integra ... Continue reading
Honda Jazz Achieves Top Points For Euro NCAP Rating
Jazz has been awarded the maximum five star rating matching the achievements of the Honda Civic and Accord earlier this year. Euro NCAP's new rating scheme focuses on the vehicle's overall safety performance which gives consumers an easy to understand single score. The new system considers passenger protection during i ... Continue reading
Edmunds.com Forecasts May Auto Sales: Industry’s Rebound Continues
SANTA MONICA, Calif.--This month's new vehicle sales (including fleet sales) are expected to be 890,000 units, a 36.1 percent decrease from May 2008 but an 8.9 percent increase from April 2009, according to Edmunds.com, the premier online resource for automotive information. May 2009 had 26 selling days, one less than ... Continue reading
Mitsubishi Motors Announces Production, Sales and Export figures for April 2009
Mitsubishi Motors Corporation today announced global production, as well as domestic sales and export figures for April 2009. ... Continue reading
A New Model Year - A New Range of Additions and Enhancements From Volvo
A new model, new engines and new engine technologies are the key additions to the Volvo range for the 2010 model year, all of which offer enhanced drivability, lower CO2 emissions and improved fuel consumption. ... Continue reading
Renault Supports 5,000 Young Formula 1 Designers with 'Course en Cours'
On May 27, Renault organized the final of 'Course en Cours', a competition based on Formula 1 involving more than 5,000 middle and high school students, their teachers and university students from 17 academies in France. The final capped a year of discovery for the young students, who designed and built their own scale ... Continue reading
Alpine Electronics Offers Low Cost EMC Testing to OEMs and Component Manufacturers in the UK
Alpine in blue Media in black (small) Low Cost EMC Testing now available to OEMs and Component Manufacturers in the UK Two vehicle EMC chamber offers 75 percent lower cost testing and allows investigation of increasingly critical car to car EMC issues Vehicle and component manufacturers needing to undertake EMC testing ... Continue reading
AmeriCredit to Webcast Investor Presentation
FORT WORTH, Texas--AMERICREDIT CORP. will be presenting at the Keefe, Bruyette & Woods 2009 Diversified Financial Services Conference in New York, N.Y., on Thursday, June 4, at 2:50 p.m. Eastern time. Chris Choate, Chief Financial Officer, will be presenting on behalf of the Company. The presentation will be broadcast ... Continue reading
Santa Fe Springs, May 28, 2009: Some racers turn left, others do battle a quarter mile at a time. No matter what type of racecar you campaign, the only thing more important than winning is ensuring the protection of your driver. Now Lifeline Fire & Safety Systems is proud to announce the Zero 360, a revolutionary new S ... Continue reading
Reigning World of Outlaws Champion Donny Schatz Picks up the Pace
INDIANAPOLIS, May 27, 2009: In describing a World of Outlaws (WoO) Sprint car race, fast is probably the most used descriptor. After all, these 1,300-pound cars put out nearly 900 horsepower on dirt tracks that range in size from quarter-miles to half-miles. Lap times can range from under the 10-second mark to closer t ... Continue reading
Tony Stewart Racing's Kraig Kinser Continues World of Outlaws Campaign
INDIANAPOLIS May 27, 2009: Last weekend began with all the racing hysteria a Memorial Day weekend night in Charlotte can muster and concluded with a visit to central New York for Tony Stewart Racingâs (TSR) Kraig Kinser and the World of Outlaws (WoO). This weekend, Kinser will resume the 2009 WoO schedule behind t ... Continue reading
Developers of the Lithium-Ion Battery for the Automobile Receive Award
The 'Professor Ferdinand Porsche Award' of 50,000 Euro is one of the world's most coveted awards for research in the field of automobile technology and was awarded today by the Technical University of Vienna to Dipl. Eng. Michael Keller from Temic Automotive Electric Motors GmbH, Berlin, and Prof. Herbert Kohler from D ... Continue reading
Jeg Coughlin Sr. Chair at OSU filled by renowned oncologist Gillison
DELAWARE, May 28, 2009: Leading human papilloma virus (HPV) expert Maura Gillison, MD, PhD, was officially named to the Jeg Coughlin Sr. Chair in Cancer Research during a special ceremony Wednesday night at the Longaberger Alumni House at The Ohio State University. "This is a dream come true for all of us," said Coughl ... Continue reading
American Spirit Racing Returns To Its Roots in 2010
Braselton, May 28, 2009: American Spirit Racing team owner Jon Lewis has announced that American Spirit Racing will compete in the Patrón GT3 Challenge by Yokohama in 2010. It marks the return to IMSA for one of the sanctioning bodyâs most recognized teams. âWe are excited to be expanding our racing operat ... Continue reading
Ad Hoc Committee of GM Bondholders Supports Revised GM Offer
NEW YORK--The Ad Hoc Committee of GM Bondholders today issued the following statement in support of the revised offer to all General Motors bondholders. âThe Ad Hoc Committee of GM bondholders supports the revised offer from GM and believes that when contrasted with the alternative â uncertain and costly bank ... Continue reading
GreenRoad Secures $15 Million in Additional Financing
REDWOOD SHORES, Calif.--GreenRoad, a global pioneer in improving driving behavior, announced that it has raised $15 million in growth funding. DAG Ventures, a venture capital investment partnership, led the round with participation from existing investors Benchmark Capital, Virgin Green Fund, Amadeus Capital and Balder ... Continue reading
PPG Announces Agreement with Dynasystems
PITTSBURGH--PPG Industries has signed a mutual supply and marketing collaboration agreement with Dynasystems, a global supplier of blast and ballistic protective systems, to combine resources in the development and distribution of a portfolio of products designed for physical asset protection. PPGâs portfolio of p ... Continue reading
American Tire Distributors, Inc. Announces Planned Sale of Autotire Car Care Centers Stores
CHARLOTTE, N.C.--American Tire Distributors Inc. (âATDâ) announced today that Am-Pac Tire Distributors, Inc, a wholly owned subsidiary of American Tire Distributors, has reached an agreement to sell twenty-six St. Louis, Missouri based Autotire Car Care Centers (âAutotireâ) stores to Monro Muffler B ... Continue reading
Hertz Wins Self-Service Excellence Award for Making Car Rental Faster and Easier
DAYTON, Ohio--The Hertz Corporation won the 2009 Self-Service Excellence Award, given annually by KioskCom, in the Best Travel/Hospitality Deployment category. Presented at the KioskCom Self-Service Expo, the awards recognize the most innovative and successful self-service programs in multiple categories. Hertz first p ... Continue reading
PLYMOUTH, Mich., May 28 -- Metaldyne Corporation today announced that to address liquidity needs and facilitate a restructuring, the company and its U.S. subsidiaries have filed voluntary petitions in the United States Bankruptcy Court for the Southern District of New York under Chapter 11 of the U.S. Bankruptcy Code. ... Continue reading
BorgWarner Launches Web Site for Cool Logic(R) Fan Drives
Mileage Calculator, Computer Animation, Literature and Applications Matrix Available Now at www.coollogic.borgwarner.com AUBURN HILLS, Mich., May 28 -- BorgWarner has launched a Web site at www.coollogic.borgwarner.com to educate truck fleet owners about the clear advantages of Cool Logic(R) variable speed fan drives, ... Continue reading
Navistar Engine Group to Supply V8 Diesels to Capacity of Texas
MELROSE PARK, Ill.--Under a recently signed multi-year agreement, Navistar Engine Group will supply an advanced V8 turbodiesel to Capacity of Texas Inc., a leading maker of terminal tractors for cargo-handling applications. Beginning fall 2009, MaxxForce® 7 engines will power Capacity brand terminal tractors. â ... Continue reading
Cooper Tire CFO Announces Retirement
FINDLAY, Ohio, May 28 -- COOPER TIRE & RUBBER COMPANY Vice President and Chief Financial Officer Phil Weaver announced his retirement today after 19 years with the Company. Mr. Weaver, age 56, will effectively retire as of the end of the year. (Logo: http://www.newscom.com/cgi-bin/prnh/20010404/COOPERLOGO ) Chairman, P ... Continue reading
Research and Markets: Research Report of Investment in China's Tire Industry, 2009
DUBLIN--Research and Markets (http://www.researchandmarkets.com/research/f9da4f/research_report_of) has announced the addition of the "Research Report of Investment in China's Tire Industry, 2009" report to their offering. China has been the big producing country of tire in the world, the yields and exports standing in ... Continue reading
Harbin Electric Files a Shelf Registration Statement
HARBIN, China, May 28 /PRNewswire-Asia/ -- Harbin Electric, Inc. ("Harbin Electric" or the "Company", Nasdaq: HRBN), a leading developer and manufacturer of a wide array of electric motors in the People's Republic of China, today announced that it has filed a universal shelf registration statement on Form S-3 ("Registr ... Continue reading
WENATCHEE, Wash., May 28 -- MD Johnson Inc has completed the sale of Reichert Nissan to Mr. Thomas Barros in Wenatchee, Washington. The dealership will remain at its current location for the near term and has been renamed Town Nissan. Barros also owns Toyota, Ford, Chrysler and Dodge dealerships in Wenatchee. Reichert ... Continue reading
DUBLIN--Research and Markets (http://www.researchandmarkets.com/research/b1b1c6/strategic_analysis) has announced the addition of Frost & Sullivan's new report "Strategic Analysis of the Automotive Batteries Aftermarket in India" to their offering. This Frost & Sullivan research service titled Strategic Analysis of the ... Continue reading
Visteon Corporation Files for Chapter 11 Reorganization in United States
- Visteon Entities Outside U.S. are Unaffected - Continuing to Operate Throughout Reorganization Process - Improving Capital Structure to Achieve Long-Term Competitiveness - Substantial Customer Support VAN BUREN TOWNSHIP, Mich., May 28, 2009 -- Visteon Corporation (OTC:VSTN) announced today that Visteon and certain of ... Continue reading
Adaptive Brake Light for Mercedes-Benz Vito and Viano
From now on, every newly ordered Vito or Viano will be equipped with a new safety function at no extra cost: the "Adaptive Brake Light" ensures more safety in road traffic. ... Continue reading
75 years of the BMW Roadster. The BMW 315/1 and its Successors.
The style has changed, but not the content: "Many German motorists see motoring not just as a comfortable and fast means of transport, but also as a sporting activity. These are people who, once they see an aerodynamic car body with a long and sleek engine compartment, as well as a speedometer extending all the way to ... Continue reading
Prices Pegged for New Toyota Prius - More Performance, More Equipment but No Change in Price
It's said that you get what you pay for, but where Toyota's new full hybrid Prius is concerned, customers enjoy great deal more for the just the same price they would pay for the current model. ... Continue reading
Tata Motors Ushers New Era In Indian Auto Industry with New World Standard Truck Range
Mumbai, May 28, 2009: Tata Motors today once again ushered in a new era in the Indian automobile industry, in keeping with its pioneering tradition, by unveiling its new range of world standard trucks. In their power, speed, carrying capacity, operating economy and trims, they will introduce new benchmarks in India and ... Continue reading
The New Eos White Night Loves Contrast
The new Eos White Night embraces the contrast of black and white: the body is white, while elements such as the roof, radiator grille and mirror covers are black. This special model can be ordered starting now. ... Continue reading
Jaguar Land Rover Named as a Top Employer For Working Families
Jaguar Land Rover was today named as a Top Employer by the UK's leading work-life balance organisation, Working Families. ... Continue reading
Nissan Production, Sales, Export Results for April 2009
Nissan Motor Co., Ltd. today announced production, sales and export figures for April, 2009. ... Continue reading
Two new engines have been added to the Australian line-up of Audi's highly successful Q5 compact, premium SUV this month, including a highly-efficient 2.0 TDI and a spritely 3.2 FSI engine, bringing the Q5 range to four powerplants in total. ... Continue reading
"Green" Company Begins Selling Re-Charging Stations
DALLAS May 28, 2009; ArcAngel Technologies announced today that it has signed a reseller agreement with Verdek EV and Coulomb Technologies, Inc. ArcAngel will begin selling and supporting Coulomb Technologies ChargePoint networked charging stations immediately. âBattery electric vehicles and plug-in electric vehic ... Continue reading
Volkswagen Multivan Wins Best People Mover of the Year
Volkswagen's Multivan Highline Diesel, has won 'Best People Mover of the Year' at the 2009 Delivery Magazine Awards. ... Continue reading
'Volvo - The Game' Released on Internet - VIDEO STORY
GOTHENBURG - May 28, 2009: As reported a few days ago on The Auto Channel, Volvo Car Corporation and multiple award winning Swedish game studio, SimBin Development Team, has now released Volvo - The Game, a new challenge for everyone who enjoys racing games. The free of charge game features all of Volvo's racing legend ... Continue reading
AAA Chicago: Sixty Percent of Motorists Admit to Losing their Temper While Driving
AURORA, Ill.--Aggressive driving kills, says AAA Chicago. More than half of fatal car crashes involve some form of aggressive drivingâspeeding, running another driver off the road, tailgating or yelling obscenities. A 2008 survey by the AAA Foundation for Traffic Safety found that 80 percent of respondents conside ... Continue reading
AIADA: On Scrappage, Congress Needs to Pick Up the Pace
Itâs an all-too familiar refrain on dealerships across the country. Customer: I love this car. Dealer: Itâs a great car. Customer: And the price is good. Dealer: Now is the perfect time to purchase! Weâre doing all we can to move inventory. ... Continue reading
Valence Applies for Federal Grant to Construct Advanced Battery Production Facility
Proposed Central Texas Plant Potentially Online in 2012 with Expected Full Operational Capacity by 2016 Providing up to 4,000 Jobs AUSTIN, Texas May 27, 2009; Valence Technology, Inc., a leading U.S.-based manufacturer and supplier of lithium iron magnesium phosphate energy storage solutions, today announced it has sub ... Continue reading
Ex Chrysler Executive Says Fiat Was Only Option
NEW YORK, May 27, 2009; Fiat was the U.S. automaker's only shot at survival as no other carmaker would have been willing to give the company "a nickel." At a court hearing in U.S. bankruptcy court in Manhattan, former Chrysler executive Tom LaSorda said he never considered breaking up the automaker last year, although ... Continue reading
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