FinishMaster Announces Acquisition of Two Branches of Automotive Refinish Technologies, Inc.
INDIANAPOLIS--Feb. 12, 2002--FinishMaster, Inc. has entered into an agreement to acquire two locations previously owned and operated by Automotive Refinish Technologies, Inc. The facilities are located in Charlotte, North Carolina, and Columbia, South Carolina. "We're excited about our increased opportunities in these ... Continue reading
AutoTradeCenter files 10-Q For December 31, 2001; Reports 200% Revenue Increase Over Last Year
SCOTTSDALE, Ariz.--Feb. 12, 2002--AutoTradeCenter (OTCBB:AUTC) announced third quarter Internet revenue of $623,580 and $1,612,285 for the three months and nine months respectively ended December 31, 2001. These figures represent a 222% and 287% overall revenue increase over the same periods last year. The Company incu ... Continue reading
Credit Acceptance Signs 260 New Dealer-Partners in 2001
SOUTHFIELD, Mich.--Feb. 12, 2002--Credit Acceptance Corporation approved 260 dealer-partners to enter its nationwide network in 2001. Credit Acceptance provides its network of dealer-partners with financing sources for consumers who want to buy an automobile, but have limited access to credit. With the addition of the ... Continue reading
IRVINE, Calif.--Feb. 12, 2002--Of the top 50 vehicles researched on the Kelley Blue Book Website, the totally redesigned Ford Explorer ranked number one in the SUV category and number six over all. Kelley Blue Book said its Website had over four million visitors last month with a large percentage showing interest in SU ... Continue reading
GP Strategies Appoints Marshall S. Geller to Board of Directors
NEW YORK--Feb. 12, 2002--GP Strategies Corporation today announced the appointment of Marshall S. Geller, 62, to the company's board of directors. Mr. Geller is currently Chairman of the Board, CEO and Founding Partner of Geller & Friend Capital Partners, Inc., a merchant banking firm. He is also Chairman and President ... Continue reading
I.D. Systems, Inc. Schedules Fourth Quarter Financial Results Release and Conference Call
HACKENSACK, N.J.--Feb. 12, 2002--I.D. Systems, Inc. announced today that it will issue its financial results for the fourth quarter and year ended December 31, 2001 on Tuesday, February 19th, 2002, before the open of the stock market. Management will conduct a conference call at 12:00 noon ET on the same day. There wil ... Continue reading
BOSTON & LONDON--Feb. 12, 2002--The era of the wall-hanging TV is around the corner, according to new research from industry analysts Strategy Analytics. By ramping up production of plasma and LCD TV sets, Japanese and Korean manufacturers are jostling for position in a market forecast to be worth more than $40bn by 20 ... Continue reading
UAG Announces Offer to Purchase Sytner Group; Establishes Presence in the United Kingdom
DETROIT--Feb. 12, 2002--UnitedAuto Group, Inc. (UAG) , a Fortune 500 automotive specialty retailer, and Sytner Group PLC (Sytner), a leading retailer of luxury automobiles in the United Kingdom, announced today an agreement pursuant to which UAG will commence a cash offer for all of the capital stock of Sytner. Sytner, ... Continue reading
PARIS--Feb. 12, 2002--Valeo (Paris: FR; OTC: VLEEY) and International Rectifier today announced that they have entered into a long-term strategic alliance to develop advanced power electronics systems for leading-edge automotive applications. Within this alliance, Valeo and the Electronic Motion Systems unit of Interna ... Continue reading
MINNEAPOLIS--February 12, 2002--Nistevo Corp., a leading Collaborative Logistics Network(SM), today announced the expansion of its Carrier Community to over 300 carrier organizations. Dedicated to providing a solution that benefits both shippers and carriers, Nistevo is proactively leveraging the members of this commun ... Continue reading
Racing Champions Fourth Quarter 2001 Results Conference Call
GLEN ELLYN, Ill.--Feb. 12, 2002--Racing Champions will release its fourth quarter 2001 earnings results at the close of the market on Wednesday, February 20, 2002. A conference call has been scheduled on the same day with the management of Racing Champions at 4:45 p.m. EST. The dial-in number is 212-346-7427. If you ar ... Continue reading
Chrysler Recalls 585,000 Jeeps, Pickups
DETROIT Reuters reported that The Chrysler arm of DaimlerChrysler AG will recall about 585,000 Jeeps and pickups for two separate problems, federal regulators said on Tuesday. The U.S. National Highway Traffic Safety Administration said Chrysler would recall 316,148 Jeep Wrangler sport utility vehicles made between Jun ... Continue reading
MothraVGodzilla The Final Chapter: NHTSA Denies Firestone Request for Ford Explorer Investigation
WASHINGTON, Feb. 12 -- The National Highway Traffic Safety Administration announced today that it has denied a request by Bridgestone/Firestone Inc. to open a safety defect investigation into the handling and control characteristics of the Ford Explorer sport utility vehicle (SUV) following a tread separation of a rear ... Continue reading
NHTSA Publishes List of December 2001 Recalls
WASHINGTON, Feb. 12 -- The National Highway Traffic Safety Administration (NHTSA) today released a list of auto safety recalls announced in December 2001 and urged consumers to have the problems fixed promptly.The list identifies the make and model of the vehicle or equipment involved, with a brief description of the s ... Continue reading
Ford Statement: NHTSA Concludes No Need to Open Ford Explorer Investigation
DEARBORN, Mich., Feb. 12 The following is a statement from Ford Motor Company concerning NHTSA's conclusion to not open a Ford Explorer investigation: The National Highway Traffic Safety Administration has concluded that there is no need to open an investigation into the Ford Explorer. This is consistent with real-worl ... Continue reading
Delphi Officers and Senior Executives Receive New Assignments
TROY, Mich., Feb. 12 The Delphi Board of Directors approved the following executive appointments at its February meeting: Raymond C. Campbell, 60, vice president of global purchasing, will retire April 1, after 37 years of combined service with General Motors Corp. and Delphi. R. David Nelson, 61, will succeed Campbell ... Continue reading
TRW'S Kelsey-Hayes Pro Series Friction Program Leads Industry
CARSON, Calif., Feb. 12 Independent test lab data* has concluded that TRW's Kelsey-Hayes Pro Series brake pads match and in many instances exceed Original Equipment (OE) friction materials with reduced stopping distances, high durability and improved driver comfort characteristics. Employing leading-edge technology dev ... Continue reading
Boats Are Automotive Too:Torque Engineering Debuts New 1400 Horse Power TORQ 1500SC Engine
MIAMI, Feb. 12 Torque Engineering Corporation (OTC Bulletin Board: TORQ - news) will be showing the new TORQ 1500SC to the marine Industry for the first time at the Miami International Boat Show, February 14th through February 19th, 2002. Global Marine Power, Inc. of Calverton, NY, manufacturer of Hustler Powerboats wi ... Continue reading
NORTHVILLE, Mich., Feb. 12 -- Osram Opto Semiconductors Inc., the worldwide supplier of LED (Light Emitting Diodes), sensing and visualization solutions for the automotive market, today revealed that its advanced white LED lighting is on the 2002 Lincoln Navigator which is being featured this week at the 2002 Chicago A ... Continue reading
Dana Corporation Declares One Cent Per Share Dividend
TOLEDO, Ohio, Feb. 12 -- Dana Corporation today declared a dividend on its common stock of 1 cent per share, payable on March 15, 2002, to shareholders of record on March 1, 2002. ... Continue reading
Saab Exceeds Sweden's New Manufacturing Emissions Reduction Requirements
TROLLHATTAN, Sweden, Feb. 12 -- Saab cars have long been known for their efficiency. Their small displacement turbocharged engines have become synonymous with excellent fuel efficiency and reduced emissions. Now, the automaker has successfully turned its attention to reducing emissions in the manufacturing process. Saa ... Continue reading
Kawasaki Steel, Stelco in Talks
TOKYO AP reported that Kawasaki Steel Corp. of Japan and major Canadian steelmaker Stelco Inc. are in talks to transform their alliance into a comprehensive partnership, a company spokesman said Tuesday. Under a broader partnership, the two companies plan to study ways they can cooperate on developing new technologies, ... Continue reading
Alpha Technologies Group Reports Fourth Quarter and Fiscal 2001 Results
LOS ANGELES--Feb. 12, 2002--Alpha Technologies Group, Inc. announced today that net income from continuing operations for the fiscal year ended October 28, 2001 was $557,000, or $0.08 per diluted share, reflecting a 40% effective tax rate. Net income from continuing operations before taxes, restructuring and other nonr ... Continue reading
Gini Hubbarth Reuter Joins General Physics Corporation
TROY, Mich.--Feb. 12, 2002--General Physics Corporation (GP), a subsidiary of GP Strategies , announced that Gini Hubbarth Reuter has joined their Automotive Group as Director, Business Development. General Physics of Troy, Michigan, supplies global training blended solutions, e-Learning and training outsourcing servic ... Continue reading
WHITE PLAINS, N.Y.--Feb. 12, 2002--Teachers are safer, more responsible drivers, whose low risk cost auto insurance companies less to insure, according to research conducted by a new insurance program. As a result, Teachers' Insurance Plan, a unique program exclusively for educators, is being introduced in Ohio to help ... Continue reading
PITTSBURGH & REDMOND, Wash.--Feb. 12, 2002-- OpenWebs Corporation, a leading provider of enterprise solutions utilizing peer-to-peer (P2P) technology, today announced an agreement with Microsoft to integrate Microsoft .NET technologies into tradingNetwork(TM) to provide more direct and customer-centric service and supp ... Continue reading
Third Coast Media Selects Digital Motorworks to Provide Automotive Data Integration Services
AUSTIN, Texas--Feb. 12, 2002--Third Coast Media has selected Digital Motorworks (DMi) to provide real-time web-based dealer management system (DMS) integration services and data harvesting to thousands of dealerships for some of Third Coast Media's existing products. Third Coast Media, a privately owned Internet softwa ... Continue reading
EL SEGUNDO, Calif. & PARIS, France--Feb. 12, 2002 --Valeo and International Rectifier today announced that they have entered into a long-term strategic alliance to develop advanced power electronics systems for leading-edge automotive applications. Within this alliance, Valeo and the Electronic Motion Systems unit of I ... Continue reading
BOSTON--Feb. 12, 2002--After successful market tests in Boston and Washington D.C., Zipcar, the Cambridge, Mass.-based company that has revolutionized the way in which urban drivers view automobile transportation, is rolling into New York City promising to provide Manhattan residents and businesses alike a new-found fr ... Continue reading
Asbury (91 Dealerships) Names Robert Frank Senior VP - Automotive Operations
STAMFORD, Conn.--Feb. 12, 2002--Asbury Automotive Group, Inc., one of the nation's largest automotive retailers, today announced that Robert D. Frank, Jr. has joined the company as senior vice president in charge of automotive operations. Mr. Frank, 53, is a veteran with more than 30 years in the automotive industry, m ... Continue reading
Future Carz Will Exit The Used Auto Leasing Business And Pursue New Business Model
SCOTTSDALE, Ariz.--Feb. 12, 2002--Future Carz, Inc. (OTCBB:FCRZ), announced today it intends to exit the sub-prime automotive leasing market and seek a new business model to be revealed later this week. Future Carz, Inc. has entered into an agreement with Investment Regency Group, Inc. who will provide the company with ... Continue reading
Hummer Unveils 10th Anniverery Edition
FOR RELEASE: February 12, 2002 South Bend, Ind.-In commemoration of the tenth year of civilian HUMMER H1 production, AM General and General Motors announce a 10th Anniversary H1 for 2002. This limited edition H1 includes a variety of special features from the one-of-a-kind copper colored Desert Sunset paint to the wood ... Continue reading
Zipcar "On-demand Cars" Rolls Into New York City
BOSTON--Feb. 12, 2002--After successful market tests in Boston and Washington D.C., Zipcar, the Cambridge, Mass.-based company that has revolutionized the way in which urban drivers view automobile transportation, is rolling into New York City promising to provide Manhattan residents and businesses alike a new-found fr ... Continue reading
GM FCO Leads GM to Commercial Lead
FOR RELEASE: February 12, 2002 DETROIT- General Motors took a leadership role, for a the first time in five years, with a 32.9% share of the combined commercial fleet and non-fleet commercial markets for the 2001 calendar year, according to R.L. Polk registration data. GM's Fleet and Commercial Operations (FCO) group a ... Continue reading
QUADRASTEER System Onto Additional GM Truck and SUV Models
TROY, Mich., Feb. 12 -- Delphi Automotive Systems' new four wheel steering system, QUADRASTEER(TM), which debuted on GMC Sierra Denali full size trucks this year, will now be available in the 2002 calendar year on GMC Sierra and Chevy Silverado 1/2 ton, extended cab short box trucks. In addition, 2003 models with optio ... Continue reading
Dates Judged By by the Type of Car They Drive - Size Does Count!
REDMOND, Wash., Feb. 12 Carpoint® online automotive service, a leading car-buying and car-ownership site visited by more than 10 million consumers monthly, today announced the key findings of its February 2002 Valentine's Day Fast Facts survey. The survey revealed that 30 percent of respondents judge their date by the ... Continue reading
Speedway Motorsports Reports Record Results
CONCORD, N.C., Feb. 12 Speedway Motorsports, Inc. today reported record revenues and earnings for 2001. Total revenues for the fourth quarter increased 5% or $4.2 million to $80.9 million compared to last year. Net income increased 8% or $542,000 to $7.7 million, and diluted earnings per share increased $0.01 or 6% to ... Continue reading
Carmakers Midyear Introductions
February 12, 2002 By Rick Popely Chicago Tribuine -- Like a restaurant that pours a bottomless cup of coffee, the auto industry serves an endless supply of new models throughout the year. Instead of introducing all their vehicles Oct. 1, the traditional start of the model year, manufacturers roll out new hardware aroun ... Continue reading
Attention Toyota Owners- Special Recall Policy On Oil Gelling
February 2002 -- Torrance, CA -- Toyota Motor Sales (TMS), U.S.A., Inc., has implemented a Special Policy Adjustment (SPA) as a measure to insure customer satisfaction for a very small number of Toyota and Lexus owners who may have experienced a condition known as engine oil gelling, which can be caused by a lack of pr ... Continue reading
Courtesy LA Times Thousands are killed or crippled each year in rollover crashes. A former GM engineer says strengthening roofs would save lives, but auto makers say he's wrong. By MYRON LEVIN, TIMES STAFF WRITER The videotape shows an older gent in a cable-knit sweater and tennis shorts, strapped into the frame of a c ... Continue reading
Carbon-X Fuel Cell To Be Featured At Alternative Fuels Conference In Stuttgart, Germany
Sacramento, California, Whistler Inc. today announced that the principal developer of the Carbon-X proton exchange membrane (PEM) fuel cell, Mr. Rex Hodge, is scheduled to deliver a presentation at the 2002 Global Alternative Fuels Forum in Stuttgart, Germany, on Tuesday February 12th. In his presentation, Mr. Hodge wi ... Continue reading
Standard Automotive Announces John E. Elliott Chairman of the Board and Chief Restructuring Officer
NEW YORK--Feb. 11, 2002--Standard Automotive Corporation (AMEX: AJX) today announced that its Board of Directors had named current director John E. Elliott II as Chairman. The Board also appointed Mr. Elliott as Chief Restructuring Officer. In addition, Standard announced that the Board of Directors has removed James F ... Continue reading
Wescast Industries Inc. Declares Dividend
BRANTFORD, Ontario--Feb. 11, 2002--Wescast Industries Inc. has declared a dividend on its common shares in the amount of $0.12 per common share, and such dividend shall be payable on March 15, 2002 to shareholders of record at the close of business on February 22, 2002. Wescast Industries Inc. is the world's largest su ... Continue reading
Motorcar Parts & Accessories Releases Their Third Quarter Earnings
TORRANCE, Calif.--Feb. 11, 2002--Motorcar Parts & Accessories, Inc. (Internet Billboard:MPAA) announced today that its net income for the three months ended December 31, 2001 was $1,300,000 or $.15 per share (fully diluted). This compares to a net loss of $1,524,000 or ($.24) per fully diluted share for the three month ... Continue reading
The Auto Channel content library (since 1996) has grown to become the world’s most extensive and complete interactive archive of automotive centric news, articles, reviews and intense event coverage, presented to viewers as Text, Video and Images.
Vehicle manufacturers and alt fuels.
