Studies Estimate Up To 50 Percent of Used Car Odometers Are Rolled Back February 2002 It's illegal in every state in the U.S., but odometer fraud, one of the oldest tricks in the books, is on the increase and now has even gone high-tech. Many people think digital odometers are not susceptible to being rolled back, but ... Continue reading
Tips to Avoid Scams in a Buyer's Market
FAIRFAX, Va.--Feb. 11, 2002--CARFAX(R), an industry leader and creator of the vehicle history report, warns consumers that a recent glut in the used car market means a greater opportunity for scam artists to take advantage of unassuming, unsuspecting buyers and offers tips on how to avoid their scams. Following the eve ... Continue reading
Automodular's CEO Michael Finley Lawrence Blair Talks to The Wall Street Transcript
NEW YORK--Feb. 11, 2002--The Wall Street Transcript has published an in-depth interview with Michael Finley Lawrence Blair, Chairman and CEO of Automodular , in which he talks at length about the company's future. The entire 4,400-word interview is available free online at http://www.twst.com/ceos.htm Blair gives an ov ... Continue reading
DaimlerChrysler and Behr Sign Agreement for Sale of Dayton Thermal Products
AUBURN HILLS, Mich., and STUTTGART, Germany, Feb. 11 -- Chrysler Group signed an agreement with Behr America, Inc., based in Troy, Michigan, to sell its Dayton Thermal Products (DTP) component operation in Dayton, Ohio. Behr will assume operational responsibility while Chrysler Group will maintain a minority interest f ... Continue reading
Optimal Energy Systems Receives Contract From SAIC for Flywheel Technology
TORRANCE, Calif.--Feb. 11, 2002--Optimal Energy Systems Inc. has been awarded a contract by Science Applications International Corporation (SAIC) to provide flywheel technology for the Combat Hybrid Power System. Under the contract, Optimal will provide a prototype Flywheel Power Module for a military vehicle system. D ... Continue reading
GLEN ELLYN, Ill., Feb. 11 Racing Champions announced today that a new multi-product and trackside vending license agreement has been reached through a joint licensing agreement with PPI Racing and The Procter & Gamble Company. Under the terms of this agreement, Racing Champions will produce and market apparel, souvenir ... Continue reading
Porsche(R) Announces Cayenne Crossing Initiative
CHICAGO, Feb. 7 -- Porsche Cars North America (PCNA) today announced a multi-year program designed to reclaim America's paved and unpaved roads. Called the Cayenne Crossing Initiative and chaired by actor James Brolin, the program will include a variety of U.S. road restoration and maintenance projects along a route th ... Continue reading
Chrysler Group`s Road in 21st Century
DETROIT, Feb. 11 Chrysler Group President and Chief Executive Officer Dieter Zetsche, in a speech titled "Creating Value In The 21st Century Business World," provided a glimpse of the Chrysler Group`s response to the challenges facing the business world in the new century, while also addressing a wide-range of current ... Continue reading
AMCI Declares Lexus LS 430 `Finest Luxury Sedan in America`
2/11/02 LOS ANGELES, Feb. 11 -- For consumers looking for the "finest" things in life, the nation`s leading automotive testing company has some news to consider when choosing an automobile. After completing a rigorous 193-test study, Automotive Marketing Consultants Incorporated (AMCI) has declared the Lexus LS 430 the ... Continue reading
XM Offers Coverage of 2002 NASCAR Winston Cup Circuit
2/11/02 XM-NASCAR Xperience at Daytona 500, All Other Major Races DAYTONA BEACH, Fla., Feb. 11 XM Satellite Radio, the exclusive satellite radio service of NASCAR, revs up its comprehensive 2002 NASCAR season coverage with Speedweek`s events leading up to the Daytona 500 on Feb. 17, complete with its touring display ri ... Continue reading
Behr America Will Invest $100 Million in Dayton Area
DAYTON, Ohio--Feb. 11, 2002--Behr America will invest $100 million to expand and modernize its newly acquired Dayton Thermal Products facilities here over the next three years. Hans Lange, president of Behr America, announced the company's investment plans, noting that Behr expects to expand Dayton Thermal's customer b ... Continue reading
What's Happening Today At The Chevy Hot Zone: Tuesday, Feb. 12
FOR RELEASE: February 11, 2002 What's Happening Today At The Chevy Hot Zone: Tuesday, Feb. 12 Kimball Art Center Corner of Main & Heber Streets -- Park City The Chevy Hot Zone, an outdoor patio area equipped with warming stations, includes live "big-screen" coverage of Olympic events, daily entertainment, free hot choc ... Continue reading
Ward's Forecasts February U.S. Light-Vehicle Sales
SOUTHFIELD, Mich., Feb. 11 -- Ward's Communications, a PRIMEDIA company and the world's leading provider of auto industry information, today forecast that U.S. light-vehicle sales will remain sluggish in February, continuing the payback for last fall's incentives binge that pulled car-buying forward from this year. War ... Continue reading
GMAC Says: NO Interest in Tyco Capital
NEW YORK, Feb 10 (Reuters) - General Motors Acceptance Corp. said on Sunday it was not considering making an offer for Tyco International Ltd.'s financing arm. ``The chairman, John Finnegan, told me last week when I asked him, 'Definitely no interest in Tyco,''' said Jim Farmer, vice president for GMAC communications. ... Continue reading
New Pennsylvania Lemon Law Takes Effect Today
HARRISBURG, Pa., Feb. 11 -- Effective today, the Pennsylvania Lemon Law has been expanded to include legal protection and cost-free legal representation for Pennsylvania consumers who lease their vehicles. The change marks the first major amendment to the Pennsylvania Lemon Law since it was enacted in 1984. According t ... Continue reading
IntelliChoice Announces February GoldStar Lease Award Winners
CAMPBELL, Calif., Feb. 11 Each month, carmakers entice consumers with attractive new car lease rates. And each month IntelliChoice, a company that develops and distributes consumer automobile pricing, specifications and ownership and leasing cost data, recognizes manufacturer leases with the lowest rates as IntelliChoi ... Continue reading
Changes At GM? Bye Bye Merc?Ferrarai F60-All This and More...
DETROIT, Feb. 11 -- He's been on the job six months and already shaken things up big time. But with a new product development system in place, General Motors' ``product czar,'' Bob Lutz is taking aim at other major changes. What may be next? Will it save money -- and cost jobs? TheCarConnection has the details in this ... Continue reading
Jim Nicol Appointed Chief Executive of Tomkins
LONDON--Feb. 11, 2002--Tomkins PLC , the global engineering group, is pleased to announce the appointment of James ("Jim") Nicol as Chief Executive Officer. Jim Nicol, aged 47, was, until January of this year, President and Chief Operating Officer of Magna International Inc. ('Magna'), the North American automotive com ... Continue reading
Action Performance Companies Move to New York Stock Exchange
PHOENIX--Feb. 11, 2002--Action Performance Companies, Inc. , the leader in the design, marketing, promotion, and distribution of licensed motorsports merchandise, today announced it will transfer its stock listing to the New York Stock Exchange (NYSE) effective February 20, 2002, and will trade under its new ticker sym ... Continue reading
Alamo/National to buy 50,000 New Cars- What an Up!
FORT LAUDERDALE, Fla.--Feb. 11, 2002--ANC Rental Corporation won court approval Wednesday, February 6, of its agreement with MBIA Insurance Corporation to use up to $1 billion of financing capacity by ARG Funding Corporation, a wholly-owned subsidiary of ANC, to purchase new vehicles. MBIA insures a portion of the debt ... Continue reading
POMONA, Calif.--Feb. 11, 2002-- New Company to Offer Broader Range of Door and Door Hardware Solutions to Its Customers Adams Rite Manufacturing Co., a leading, privately held manufacturer of doors and door hardware products, today announced the acquisition of Markar Products Inc., Extrudart Products Inc. and Rockford ... Continue reading
ADVISORY/American Honda to Announce Details of Civic Tour 2002
-- WHAT: Scheduled to be announced at a press conference in New York City, American Honda Motor Co., Inc. will unveil details of its alliance with one of today's most popular musical groups, who will drive Civic Tour's 2002 run. The second annual Civic Tour is a unique promotion that allows fans to catch their favorite ... Continue reading
ADVISORY/Major Investment in Ohio to be Announced by Behr America
-- Behr America will hold a luncheon news conference today (Monday, February 11) to announce a major investment in Dayton and southwestern Ohio. The program will be held at the Dayton Marriott, 1414 Patterson Blvd. in Dayton. ... Continue reading
Covansys Completes $1.5 Million SAP Implementation For Carton Service, Inc.
FARMINGTON HILLS, Mich.--Feb. 11, 2002-- Technology Services Firm Also Selected to Outsource New System's Application Maintenance and Infrastructure Support Covansys, a global consulting and technology services company, today announced the completion of a $1.5 million contract in which Covansys implemented an enterpris ... Continue reading
Ford Signs Agreement to Begin Deployment Of Global Strategy Based On Tecnomatix eMPower Solutions
NASHUA, N.H.--Feb. 11, 2002-- Initial Implementation will Streamline and Standardize Automotive Manufacturer's Manufacturing Process Management Worldwide Tecnomatix Technologies, Ltd. , the leading provider of Manufacturing Process Management (MPM) software solutions, today announced that Ford Motor Company has signed ... Continue reading
Fw: http://www.theautochannel.com:8080/
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-- Declining light vehicle sales in North America and Europe caused the global sales rate to dip in January to its lowest level since last September's terrorist attacks, according to an automotive forecast by J.D. Power-LMC. You can reach the story directly by going to http://www.newstream.com/cgi-bin/display_story.cgi ... Continue reading
EULESS, Texas--Feb. 11, 2002--Warrantech Corporation (OTCBB:WTEC), a leader and innovator in the field of service contracts and extended warranties, today announced that Warrantech Peru S.R.L., a subsidiary of Warrantech International, Inc., has signed a three-year agreement with Mavila Hnos. Under the agreement, Mavil ... Continue reading
Guy Smith Will Race at Sebring
GUY SMITH CONFIRMED FOR SEBRING 12 HOUR Following his sensational second place in the recent Rolex 24 at Daytona, Briton Guy Smith has been confirmed to head the line-up in the Jim Matthews Riley & Scott in next month’s opening round of the ALMS, the Sebring 12 hour race. The 27 year-old from Hull, Yorkshire will ... Continue reading
Xtime Announces Pilot Program for DaimlerChrysler's Service eScheduling Application
SAN MATEO, Calif.--Feb. 11, 2002-- Xtime's Application Turns Customer Convenience into a Competitive Weapon; Helps Dealerships Optimize Scheduling Resources and Lets Customers Gain Control of Their Appointments Xtime Inc. today announced it has signed an agreement with DaimlerChrysler to conduct a pilot program for the ... Continue reading
MotorPlace Auto Exchange Launches FleetDirect
SEATTLE--Feb. 11, 2002-- Wholesale vehicle service continues aggressive expansion -- adds fleet sales and names industry veteran to lead new service MotorPlace Auto Exchange, the wholesale used vehicle division of The Cobalt Group, today announced the launch of its new fleet vehicle sales unit, FleetDirect. With FleetD ... Continue reading
Web Drives Up Pre-launch Sales of Land Rover's Freelander
NEW YORK--Feb. 11, 2002-- Freelander.com Interactively Delivers Unprecedented Results for Land Rover's Newest SUV AGENCY.COM Ltd., a leading e-business builder in global markets, announced today impressive pre-sale results for Land Rover's newest vehicle, Freelander, which were driven by the AGENCY.COM-designed site, w ... Continue reading
FOR RELEASE: February 10, 2002 Greenspan Reveals His Selection at Park City Celebration PARK CITY – Award-winning Olympic historian and filmmaker Bud Greenspan, in partnership with General Motors, today honored Jean-Claude Killy as the 10th Greatest Winter Olympian of all-time in a celebration at the Chevy Hot Zo ... Continue reading
J.D. Power: January Global Light-Vehicle Sales Drop Slightly
Asset Caption: January Global Light-Vehicle Sales Asset Caption: J.D. Power and Associates logo Asset Caption: Downloadable headline & body textAsset Description: Text file containing headline & body text Asset Caption: J.D. Power and Associates news releaseAsset Description: Word document file Business Editors & Autom ... Continue reading
Coleman Helps Light Up New Montana
FOR RELEASE: February 11, 2002 DETROIT – Pontiac Montana, the most rugged and versatile minivan, and the Coleman Company, known the world over as a market pioneer and innovator in outdoor products, have joined forces to celebrate fun and family adventure. Pontiac Montana with its rugged, sporty styling, cargo cap ... Continue reading
GERHART WINS RAIN-SHORTENED DAYTONA ARCA 200
(2-10-02) DAYTONA BEACH FL, by Don Radebaugh – Bobby Gerhart is steadily becoming the king of ARCA RE/MAX restrictor plate racing. He’s also pretty good at being in the right place at the right time. Gerhart, in his own JamesAuto.com-Truck World Pontiac, raced his way into the lead in time to win the rain-s ... Continue reading
GM: January Cars Sales Down Truck Sales Up
FOR RELEASE: February 1, 2002 GM Announces January Production Results, Increases First-Quarter Schedule Retail Sales Comparable to Year-ago Levels Overall January sales down 13 percent Truck Sales Up 10 percent - Retail Truck Sales Up 15 Percent Midsize Utilities Up 50 Percent Over Last Year DETROIT -- General Motors d ... Continue reading
Pontiac Drives Boldly into the 21st Century
FOR RELEASE: February 7, 2002 Pontiac Drives Boldly into the 21st Century CHICAGO – Pontiac is, and will continue to be, the “Excitement Division”. As Pontiac looks forward, the division is evolving how it expresses “excitement” for today’s and tomorrow’s buyers. “Pontiac ... Continue reading
FOR RELEASE: February 7, 2002 Innovative and Versatile Vibe Takes Pontiac Excitement to a Whole New Level DETROIT - The launch of the all-new Pontiac Vibe marks the start of a new era for Pontiac and for General Motors. Vibe redefines traditional Pontiac Excitement and resounds with relevance to a new audience. It also ... Continue reading
Solstice Roadster is Pure Pontiac
FOR RELEASE: February 7, 2002 Solstice Roadster is Pure Pontiac -- Chicago CHICAGO — "Keep it simple, pure, and beautiful and it will be easy to love." These were the basic inspirations set down by Bob Lutz, GM’s chairman of North American Operations, in creating a "sketch-off" for the first concept vehicle ... Continue reading
2003 Pontiac Sunfire Coupe Rocks Small Car Segment with Sporty New Look, More Standard Horsepower
FOR RELEASE: February 7, 2002 2003 Pontiac Sunfire Coupe Rocks Small Car Segment with Sporty New Look, More Standard Horsepower CHICAGO – The Pontiac Sunfire undergoes an extensive mid-cycle makeover for 2003, highlighted by a sporty new appearance and more standard power and torque. “The fresh styling for ... Continue reading
GM Truck Lineup' Sets Calendar Year Industry Sales Record
FOR RELEASE: February 7, 2002 GM's 'Industry Leading Truck Lineup' Sets Calendar Year Industry Sales Record GM Announces December, Fourth-Quarter, 2001 Production; Reaffirms First-Quarter Schedule GM Sets Industry Calendar Year SUV Record Best Calendar Year Full-Size Pickup sales since 1978 December Total Sales Up Seve ... Continue reading
GM Says Continuous Improvement Makes Saturn L-Series Even Better Value
FOR RELEASE: January 31, 2002 Continuous Improvement Makes Saturn L-Series Even Better Value Detroit - While the 2003 L-Series sports a fresh new appearance, it also derives huge benefits from Saturn’s philosophy of continuous improvement. Since the debut of the first L-Series midsize cars in the 2000 model year, ... Continue reading
Westcorp Announces the Appointment of a New President
IRVINE, Calif.--Feb. 8, 2002--Westcorp , whose principal subsidiaries are WFS Financial Inc and Western Financial Bank, announced today that Tom Wolfe, the president of WFS Financial will assume the added duties and titles of president of Westcorp and chief executive officer of WFS Financial Inc, effective immediately. ... Continue reading
Williams Controls:Eberly New Director,Consolidation of Automotive Operations
PORTLAND, Ore., Feb. 8 - The Board of Directors of Williams Controls, Inc. (OTC Bulletin Board: WMCO - news) has elected David S. Eberly to the board, effective January 24, 2002. Mr. Eberly is a managing Director and co-founder of GMA Capital, a private equity and investment-banking firm representing a variety of key s ... Continue reading
WFS Financial Announces the Appointment of a New President
IRVINE, Calif.--Feb. 8, 2002--WFS Financial Inc announced today that Tom Wolfe, its president, will assume the added duties and titles of chief executive officer and president of Westcorp, the company's ultimate parent, effective immediately. Tom Wolfe has been with WFS Financial since April 1998 and has served as its ... Continue reading
Kmart to Host NASCAR Activities Prior to Daytona 500
CONTACTS: Molly Morter Golin/Harris (312) 498-5312 FOR IMMEDIATE RELEASE: Kmart joins forces with top-name brand PARTNERS to HOST fan-friendly NASCAR activities prior to Daytona 500 Jeff Gordon, Kyle Petty, Joe Nemechek, Todd Bodine, Mike Skinner, Kurt Busch and Jeremy Mayfield Scheduled To Appear At Daytona Beach Kmar ... Continue reading
Vision Entertainment To Produce 2002 International Auto Salon
FOR IMMEDIATE RELEASE Media Contacts: Rosemarie Kitchin, rosemariek@sema.org <mailto:rosemariek@sema.org> SEMA 909/396-0289, ext. 104 John Russell, john@visionevent.com <mailto:john@visionevent.com> Vision Entertainment 949/376-6942, ext. 12 DIAMOND BAR, Calif. - SEMA, the Specialty Equipment Market Association, has pa ... Continue reading
Benson Fastest Pontiac At Daytona
Johnny Benson Drives The Fastest Pontiac In Daytona #10 Pontiac driver Johnny Benson surprised himself Friday by turning the ninth quickest lap in practice for Saturday’s single-lap qualifying session at Daytona International Speedway. While they remain reluctant to predict even greater success, Benson and his Cr ... Continue reading
Honda-powered pre-season testing continues in Valencia
Honda-powered pre-season testing continues in Valencia Following an encouraging test for both Honda-powered teams in Barcelona last week, Lucky Strike B.A.R Honda and Jordan Honda travelled south to Valencia to continue their intensive pre-season testing programmes. Jordan Honda completed a three-day test yesterday (Th ... Continue reading
Bond Ratings For GM, Ford and DaimlerChrysler
Press Release: GM, Ford and DaimlerChrysler Date of Release: Feb 8, 2002 DBRS Releases Commentary Walter Schroeder, CFA, David Schroeder, Kam Hon / 416-593-5577 ext. 2232, ext.2243 / e-mail: dschroeder@dbrs.com There are various cyclical and structural issues currently hurting profitability of the big three auto manufa ... Continue reading
BRUMBAUGH SIGNS WITH AIM AUTOSPORT
FOR IMMEDIATE RELEASE BRUMBAUGH SIGNS WITH AIM AUTOSPORT BLYTHEWOOD, S.C. (February 8, 2002) – Andy Brumbaugh, of Blythewood, S.C., today announced he has signed with AIM Autosport to compete in the 2002 Formula Ford 2000 Zetec Championship. Brumbaugh will drive a Quicksilver powered Van Diemen RF01 alongside Mar ... Continue reading
Accelics Becomes First Major Corporate Sponsor Of DC GP
Contact: Brian Remsberg Imre Communications 410.821.8220 or Brianr@imrecommunications.com National Grand Prix of Washington, D.C. Names Accelics First Major Sponsor of 2002 Race International Technology Company Named Official and Exclusive Informatics Sponsor of the National Grand Prix WASHINGTON, D.C., February 8, ... Continue reading
Contact: Todd Fisher (843) 784-RACE -- For Immediate Release "Road to Daytona" Provides Plenty of On-Track Action HARDEEVILLE, S.C. (February 9, 2002) - There was great afternoon racing action for the second race of the year at the Hardeeville Motor Speedway. Walter Reardon of Savannah, Ga. won the Legends Cars main ev ... Continue reading
Benson Looking Forward To The Draft After Qualifying #10 Valvoline Pontiac driver Johnny Benson and his teammates are glad Saturday’ s qualifying is over at Daytona International Speedway and they can move on to drafting practice which begins Monday. Benson posted the ninth quickest time in Friday practice, howev ... Continue reading
IRL: Giaffone Phoenix Saturday
FELIPE GIAFFONE #21 Hollywood/Mo Nunn Racing Chevrolet G-Force IRL Test in the West - Test Day 2 of 2 - Saturday, Feb. 9, 2002 Phoenix International Raceway - Phoenix, Ariz. - 1-Mile Oval Felipe Giaffone and the #21 Hollywood/Mo Nunn Racing Chevrolet G-Force wrapped up the two-day test session at Phoenix International ... Continue reading
Carmichael Finishes 2nd In Spectacular AMA Race
AMA / EA Sports Supercross Series Round 6: RCA Dome, Indianapolis, IN, Saturday, February 9, 2002 Honda Racing's Ricky Carmichael, in some of this years most exciting racing, fought hard to finish in 2nd place behind Indianapolis 250cc winner David Vuillemin. Carmichael jetted out of the gate and was just inside the to ... Continue reading
CART: #10 Kanaan Sunday Laguna Seca Test Report
TONY KANAAN #10 Pioneer-WorldCom/Mo Nunn Racing Honda-Reynard CART Spring Training - Test Day 2 of 2 - Sunday, Feb. 10, 2002 Laguna Seca Raceway - Monterey, Calif. - 2.238-Mile Road Course Tony Kanaan and the #10 Pioneer-WorldCom/Mo Nunn Racing Honda-Reynard wrapped up the on-track portion of the CART FedEx Championshi ... Continue reading
Honda recalling 4,635 Mobilio minivans
TOKYO — Honda Motor Co said Friday it is recalling 4,635 units of its Mobilio minivan for free repairs to its seatbelt system. According to a report submitted by the automaker to the Ministry of Land, Infrastructure and Transport, the seat-belt fitting of the right-hand seat on the second row of seats was not wel ... Continue reading
Photos Marish Mackowiak A convertible for a frosty Japanese winter? The Toyota Soarer's (Lexus SC430)folding hardtop makes it perfect any time of year. Marish Mackowiak goes topless. At passing glance you notice some similarity between Toyota's new luxury convertible and an open-top model from a certain German manufact ... Continue reading
Special From Japan Today: For fast-trackin' junior executives or value-conscious purveyors of luxury, BMW's smallest delivers the company's usual standards of quality and driving flair. Marish Mackowiak tightens his belt. All-new taillights help give the 316ti a distinctive identity BMW's new 316ti may be the runt of t ... Continue reading
Lincoln Unveils Concept Vehicle `Blackwood' at L.A. Auto Show
Lincoln's news conference hit a grand slam at the opening of media days for the L.A. Auto Show today with the world debut of a new concept vehicle. 'Blackwood,' a hybrid of California luxury and the rugged outdoors ... Continue reading
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