Rolex 24 At Daytona Team and Driver News
Rolex 24 At Daytona Team and Driver News January 11, 2002 Crazy Redhead Racing Teams Up with ZIP Racing for Rolex 24 ZIP Racing will join forces with Crazy Redhead Racing for the Rolex 24 At Daytona for a lineup that will pair some of the top-ranked Rolex Series GT drivers. The team will join ZIP driver/president Steve ... Continue reading
CEA and SAE Announce Partnership to Promote In-Car Connectivity
Electronics and Automotive Industry Leaders Discuss Automotive Standards at CES LAS VEGAS, Jan. 11 -- In their opening remarks at the Car Technologies Supersession: The Road to Universal Automotive Electronics Connectivity, held yesterday at the 2002 International CES in Las Vegas, Society of Automotive Engineers (SAE) ... Continue reading
Automotive Design Winners Announced
DEARBORN, Mich., Jan. 11 -- Recognizing major contributions to the world of automotive design, winners were announced January 9th at the Second Annual Eyes On Design/Detroit event honoring the automotive designers who have created the most significant automotive designs on display at the North American International Au ... Continue reading
Alcoa Raises Dividend by 20%; Eliminates Variable Dividend
PITTSBURGH--Jan. 11, 2002--The Board of Directors of Alcoa today declared a quarterly common stock dividend of 15 cents per share, payable February 25, 2002 to shareholders of record at the close of business on February 8, 2002. The new dividend represents a 20% increase in the quarterly dividend from the prior 12.5 ce ... Continue reading
Futuristic Lexus To Star With Tom Cruise
Lexus Cast as Vehicle of the Future in Steven Spielberg's Upcoming Film, "Minority Report" The film’s futuristic Lexus sports car makes its world debut at the Los Angeles Auto Show January 3, 2002 - Los Angeles, CA - For Lexus, it's every Hollywood hopeful's dream come true: a featured role alongside Tom Cruise i ... Continue reading
UAW Comments on Ford Restructuring Plan Announcement
DETROIT, Jan. 11 -- ``The UAW and our members have been through difficult times with Ford Motor Company and other employers before. And one lesson from these hard times is the vital importance of strong collective bargaining agreements, like the current UAW-Ford national agreement, that protect workers' rights and the ... Continue reading
Ward's Reports Estimated Production
SOUTHFIELD, Mich., Jan. 11 -- Vehicle production this week in the U.S., Canada and Mexico is expected to hit an estimated 316,170 units, up from the 176,108 cars and trucks built last week, according to Ward's Automotive Reports.Including this week's estimates, calendar year North American output now totals 492,278 veh ... Continue reading
Toyota Names Distinguished Panel of Leaders To Its North American Diversity Advisory Board
NEW YORK, Jan. 11 /PRNewswire-FirstCall/-- Toyota announced today the members of its newly formed North American Diversity Advisory Board. The Advisory Board is a key element in the far-reaching $7.8 billion diversity and job training initiative announced by Toyota last summer. The Board's chair will be former Secretar ... Continue reading
Building a Better Car With High Performance Aluminum
SOUTHFIELD, Mich., Jan. 11 -- What do the U.S. military's Humvee, the space shuttle, the rugged truck in the hit movie Lara Croft Tomb Raider, the U.S. Postal Service van, a perfect five-star safety rating, the most fuel efficient vehicle in the U.S., top selling family cars and trucks, and some of the hottest and high ... Continue reading
Ward's Forecasts Lower U.S. Auto Sales In January
SOUTHFIELD, Mich., Jan. 11 /PRNewswire-FirstCall/ -- Ward's Communications, a PRIMEDIA company and the world's leading provider of auto industry information, today forecast that January U.S. light-vehicle sales will fall 15 percent from the fourth quarter's torrid pace. Ward's forecast, updated monthly for subscribers ... Continue reading
Ford Announces New Vehicle Incentives
DEARBORN, Mich., Jan. 11 /PRNewswire-FirstCall/ -- Ford has announced a new incentive program which offers customers up to $2,500 cash back or zero percent financing on most 2002 Ford brand cars, trucks and SUVs.Available Jan. 14 through March 5, the new program offers customers the flexibility of choosing an incentive ... Continue reading
Ford Motor Company Announces Revitalization Plan
DEARBORN, Mich., Jan. 11 /PRNewswire-FirstCall/ -- Ford Motor Company today announced several restructuring actions as part of its Ford Revitalization Plan, a product-focused program designed to strengthen its position in the marketplace and improve its financial results. These actions will enhance the company's abilit ... Continue reading
Ford to Cut 35,000 Jobs Worldwide - Welcome William and Have A Nice Day
DEARBORN, Mich. AP Auto writer Ed Garsten reported that Ford Motor Co. plans to cut 35,000 jobs, or 10 percent of its work force, close five plants and eliminate four vehicles in a massive restructuring that its chief executive called a ``painful, but necessary'' effort to return the world's second biggest automaker to ... Continue reading
Fitch Lowers Ford, Ford Credit, Hertz and Related Entities
NEW YORK--Jan. 11, 2002--Fitch has downgraded the senior debt ratings of Ford Motor Company (Ford), Ford Motor Credit Company (Ford Credit) and Hertz to `BBB+ from `A-`, and the ratings on Ford's preferred securities to `BBB-` from `BBB+'. The commercial paper ratings of both Ford and Ford Credit are affirmed at `F2'. ... Continue reading
Renningen, Germany, January 09, 2002 Micro Compact Car smart GmbH has concluded 2001 with the best results since the launch of the smart in October 1998. The almost 14 percent increase to the number of cars sold and exceeding a turnover of 1 billion euro are further milestones in reaching the planned break-even in 2004 ... Continue reading
LoJack Corporation Reports Third Quarter Earnings of $.01 Per Share On Revenues of $26,940,000
WESTWOOD, Mass., Jan. 11 /PRNewswire-FirstCall/ -- LoJack Corporation,reported today that for the third quarter ended November 30, 2001 (fiscal 2002) revenues were $26,940,000 compared to revenues of $24,252,000 for the same period a year ago. Net income was $155,000 or $.01 per diluted share, compared to $1,692,000, o ... Continue reading
Mazda North American Operations Names James A. DiMarzio, CIO, Director of Information Technology
IRVINE, Calif., Jan. 10 -- Mazda North American Operations (MNAO) recently announced the appointment of James A. DiMarzio as CIO, director of information technology (IT). Bringing more than 20 years of automotive and IT experience to MNAO, DiMarzio will report to Rich Valenstein, chief financial officer and vice presid ... Continue reading
Diodes, Inc. Launches POWERMITE3 Product Line with High-Efficiency Schottky Barrier Rectifier
WESTLAKE VILLAGE, Calif.--Jan. 10, 2002-- First release of broad range of Powermite(R)3 products, SBM1040 offers the low-leakage and compact-packaging advantages customers seek Diodes Incorporated , a leading manufacturer and supplier of high quality discrete semiconductors, today announced the launch of the anticipate ... Continue reading
S&P Affirms Redwood Rec Corp. `A-1+' CP Rtg
NEW YORK--Standard & Poor's--Jan. 10, 2002-- Standard & Poor's affirmed its 'A-1'-plus rating on the commercial paper notes of Redwood Receivables Corp. The rating action follows Redwood's purchase of up to $75 million of trade receivables from a special-purpose subsidiary of an automotive, defense and aerospace parts ... Continue reading
BEVERLY HILLS, Calif.--Jan. 10, 2002-- Travel Agents Who Book Stays Completed by April 19, 2002 Are Eligible Travel agents who are members of Unlimited Budget(SM), Budget Rent a Car's travel agency rewards program, could be one of three lucky prize winners when they book clients at Doubletree(R), Embassy Suites Hotels( ... Continue reading
KALAMAZOO, Mich.--Jan. 10, 2002--PRAB, INC. (OTC:PRAB) reports sales of $14,847,000 and a net profit of $542,000 for the year ended October 31, 2001. These results compare with sales of $15,687,000 and a net profit of $91,000 in the same period a year ago. The order backlog of $2,995,000 at October 31, 2001 compares wi ... Continue reading
COBURG, Ore., Jan. 10 /PRNewswire-FirstCall/ -- Monaco Coach Corporation today announced the appointment of Ben Lytle and Chip Hanafee to its board of directors. Mr. Lytle is currently Chairman of the Board of Anthem, Inc., one of the largest healthcare management companies in the United States. Before joining Anthem's ... Continue reading
DETROIT, Jan. 10 -- The North American International Auto Show (NAIAS) today announced that NAIAS 2002 Charity Preview has officially sold out, making it once again one of the hottest tickets in town! All 17,500 Charity Preview tickets, priced at $350 each, have been sold, raising $6.125 million for 11 local children's ... Continue reading
Ford to Cut Capacity, Shut Up to 5 Plants
DETROIT Reuters Reports that Ford Motor Co.will announce on Friday it is slashing production capacity by 1 million units, shuttering up to five North American assembly plants, and cutting thousands of jobs as part of a sweeping restructuring plan, union and other sources said on Thursday. ``Their argument is they need ... Continue reading
Magazine Names 'SUV of the Year' And 'Truck of the Year' for 2002
LOS ANGELES, Jan. 10 /PRNewswire-FirstCall/ -- TRUCKIN' magazine, the world's preeminent truck publication and second largest automotive newsstand magazine, recently named the Cadillac Escalade as the 2002 ``Sport Utility Vehicle of the Year'' and the GMC Sierra Denali pickup as its 2002 ``Truck of the Year.'' ``This y ... Continue reading
LOS ANGELES, Jan. 10 /PRNewswire-FirstCall/ -- Two leading magazines specializing in four-wheel-drive trucks and SUVs, announced winners of their coveted 2002 vehicle-of-the-year awards. The awards, given by 4-WHEEL & OFF-ROAD and FOUR WHEELER magazines, premier enthusiast-based titles focusing on different areas of th ... Continue reading
Experian Automotive to provide complete range of services to automotive industry
SCHAUMBURG, Ill., Jan. 10 -- Experian, a leading provider of global information solutions, today introduced Experian Automotive, an automotive information services division. Experian Automotive provides consulting services, direct marketing and database tools to the automotive industry, allowing companies to reach thei ... Continue reading
DETROIT, Jan. 10 -- Nearly 600 Asian or Asian Americans perished during the September 11 devastating event in New York City, according to Cao K. O., executive director, Asian American Federation of New York. The 2nd Annual Multicultural Auto Show Gala will raise awareness of the Federation during its January 11 Heritag ... Continue reading
Car and Driver Ranks Porsche Boxster Among the 10 Best Cars for 2002
ATLANTA, Jan. 10 -- The New York Yankees did it beginning in 1949; the Montreal Canadiens started in 1955; the Boston Celtics began in 1958; and Porsche even did it at Le Mans starting in 1981. ``It'' is being the best among your peers for at least five consecutive years. Now the Boxster, Porsche's mid-engine roadster, ... Continue reading
Museum Announces 2002 Corvette Hall of Fame Inductees
Good morning, Please find the following release on our 2002 Corvette Hall of Fame inductees. John Cafaro, James "Jim" Jeffords and Myron "Scottie" Scott will be recognized as our 2002 inductees at the Fifth Annual Corvette Hall of Fame Banquet and Induction Ceremony on August 30th, 2002. The Corvette Hall of Fame is sc ... Continue reading
STACKER 2 To Sponsor IMI's K. Wallace Busch Entry
Contact: Kyle Chapman Innovative Motorsports (336) 777-0007 STACKER 2 Looks To 'Stack the Deck' for Innovative Motorsports in 2002 CONCORD, N.C. (January 10, 2002) -- Innovative Motorsports, Inc. (IMI) is proud to announce that NVE Pharmaceuticals will be the primary sponsor on the #48 Chevrolet Monte Carlo driven by K ... Continue reading
Astra Cabrio - New Top-of-The-Line Turbo
FOR RELEASE: January 10, 2002 Astra Cabrio: New Top-of-The-Line Turbo Zafira: powerful 2.2 DTI direct-injection turbodiesel Frontera: new "Avenue" makes an elegant impression in the city Astra Cabrio - New Top-of-The-Line Turbo Rüsselsheim/Brussels: The most powerful Opel convertible of all time is making its first ap ... Continue reading
A. Schulman Reports First-Quarter 2002 Results -- Announces Improved Earnings --
AKRON, Ohio--Jan. 10, 2002--A. Schulman Inc. today announced a significant improvement in earnings for the first quarter of fiscal 2002. Net income for the first quarter ended November 30, 2001 was $5,210,000 or $.18 per common share compared with a net loss of $727,000 or $.03 per share in the same period last year. L ... Continue reading
Corvette Selected as Featured Marque for 2002 Rolex Monterey Historic Automobile Races
MONTEREY, Calif., Jan. 10 -- When General Motors' chief stylist Harley Earl assigned Bob McLean to pen a new sports car to compete with the likes of Ferrari, Jaguar and Alfa Romeo in 1951, he had little clue these early efforts would begin turning the wheels toward creating one of America's most identifiable sports car ... Continue reading
DuPont Reveals 'Synthesis' -Global Themes Inspire Automotive Design
TROY, Mich., Jan. 10 -- Vehicles today are not just a means of transportation -- they are a lifestyle. Consumers expect more from interior and exterior designs and seek vehicle styling that reflects their personality. On Jan. 10 at 9:30 a.m., DuPont revealed ``Synthesis,'' an entirely new presentation of trends in the ... Continue reading
Automotive News Awards Top Honor to Volvo-Named 2002 Saftey Concept Car of the Year
DETROIT, Jan. 10 -- Volvo Car Corporation announces that the name renowned for safety -- Volvo -- has been awarded the 2002 Concept Car of the Year for its Safety Concept Car (SCC). The SCC was selected from among dozens of leading concept styles and vehicles unveiled during the past year at auto shows around the world ... Continue reading
Ford set to deal another blow to Canada economy
TORONTO, Jan 10 Reuters Reports that Ford Motor Co.will shut down a big truck plant near Toronto sent shivers on Thursday through the Canadian automotive industry, which has already been hit by a string of plant closures. The reports said Ford is set to announce it will close its F-series pickup truck plant in Oakville ... Continue reading
Alliance Formed to Usher in Era of Fuel-Cell Cars
U.S. Secretary of Energy Spencer Abraham and executives from Detroit's automakers announced a partnership to power vehicles by hydrogen fuel cells on Wednesday, replacing a Clinton-era program that tried to develop high-mileage gasoline-powered vehicles. The new program, Freedom Cooperative Automotive Research (Freedom ... Continue reading
UnitedAuto Dealerships in Indianapolis Renamed Penske
DETROIT--Jan. 10, 2002--UnitedAuto Group, Inc. , a FORTUNE 500 automotive specialty retailer, today announced changes to its operations in Indianapolis, Indiana. UnitedAuto has renamed the dealerships it operates in Indianapolis, Indiana to Penske. These changes are designed to better reflect the common ownership of th ... Continue reading
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