Ford executive pays rare tribute to Toyota Camry
CHICAGO, Feb 12, 2003; Reuters reported that a Ford executive paid a rare tribute to one of his company's fiercest competitors on Wednesday, saying the hot-selling Camry from Toyota Motor Corp. was a better car than Ford's Taurus. "Very frankly, Camry is a better product than Taurus today," said Jim O'Connor, who heads ... Continue reading
ST. PAUL, Minn.--Feb. 12, 2003--3M has introduced 3M Scotch-Clad TC deck coatings, an innovative new concrete protection system that can provide that needed protection against leaks, corrosion, and degradation in both interior and exterior concrete structures, while improving aesthetics, maintenance costs and slip resi ... Continue reading
Asbury Automotive Group Schedules Release of Fourth Quarter Results And Conference Call
STAMFORD, Conn., Feb. 12 -- Asbury Automotive Group, Inc. , one of the nation's largest automotive retailers, today announced that it will release its fourth quarter and year-end financial results before the market opens on February 27, 2003. Senior management, including Kenneth B. Gilman, President and CEO, and Thomas ... Continue reading
Decoma International Inc. - Notice of conference call fourth quarter and year-end 2002 results
Concord, Ontario, February 12 -- Decoma International Inc. (TSX:DEC.A; NASDAQ:DECA) will announce financial results for the fourth quarter and year ended December 31, 2002, on Tuesday, February 18, 2003. Decoma will hold a conference call to discuss the fourth quarter and year-end 2002 results and related matters at 9: ... Continue reading
Hyundai and Kia Celebrate the Grand Opening of a New $30 Million California-Based Design Center
- Mong-Koo Chung, Chairman and CEO of Hyundai Motor Company and Kia Motors Corporation, and Local Officials Celebrate the Innovative U.S. Design Center - FOUNTAIN VALLEY, Calif., Feb. 12 -- Mong-Koo Chung, chairman and CEO of Hyundai Motor Company and Kia Motors Corp., gathered with elected officials in Irvine, Calif. ... Continue reading
Image Sensing Systems Announces Record 2002 Unaudited Financial Results
SAINT PAUL, Minn., Feb. 12 -- Image Sensing Systems, Inc. (ISS) announced today that its unaudited net income for 2002 was a record $1,192,000 or $.38 per undiluted share ($.35 per diluted share) versus a net loss of $455,000 or $.14 per share for 2001. Unaudited net income for the fourth quarter was $302,000 or $.10 p ... Continue reading
Metaldyne Announces 2002 Fourth Quarter and Year-End Earnings Teleconference Date
PLYMOUTH, Mich., Feb. 12 -- Metaldyne Corporation will hold a conference call with investors on Tuesday, March 4, 2003 at 12:30 p.m. to discuss its 2002 fourth quarter and year-end results, provide a general business update and respond to investor questions. Metaldyne Chairman, President and CEO Timothy D. Leuliette an ... Continue reading
Shoe Donation to Students Is First Step for a Successful Future
More Than 4,000 Shoes Arrive Just in Time for L.A. Marathon HOLLYWOOD, Calif., Feb. 12 -- Sixty members of Students Run L.A. (SRLA) from Los Angeles-area middle and high schools converged on Le Conte Middle School in Hollywood today to try on new, high-quality running shoes donated by American Honda Motor Co., Inc. A t ... Continue reading
Twin-Tube Accessory Package Receives GMC Professional Grade Challenge Award
Attached is a new press release and photo from Let's Go Aero. To receive a high-res image please respond to this email to request. IF YOU DO NOT WISH TO RECEIVE EMAILED PRESS RELEASES: You may reply to this email to remove yourself from our list IF YOU PREFER TO RECEIVE OUR NEWS VIA REGULAR MAIL PLEASE INDICATE THAT AS ... Continue reading
ALSIP, Ill., Feb. 12 -- Universal Automotive Industries, Inc. announced today that it has received BEEP Certification from the Brake Manufacturers Council (BMC). According to the BMC, the Brake Effectiveness Evaluation Procedure (BEEP) is the newest industry accepted guidelines for brake pad and shoe performance, assur ... Continue reading
FOR RELEASE: February 12, 2003 CHICAGO - Chevrolet today unveiled a trio of new cars at the Chicago Auto Show: the 2004 Impala SS, the 2004 Monte Carlo Supercharged SS, and the all-new 2004 Aveo subcompact. The Impala SS and Monte Carlo Supercharged SS will debut this summer, joining the recently introduced Silverado S ... Continue reading
2004 Chevrolet Aveo Enters Market In Chicago
FOR RELEASE: February 12, 2003 CHICAGO - With the introduction of the 2004 Aveo, Chevrolet will extend its product lineup, already the broadest in America, into the highly competitive entry-vehicle segment. Unveiled today at the Chicago Auto Show, Aveo offers European design, a roomy interior and responsive performance ... Continue reading
Chrysler Celebrates 10 Millionth Minivan with a Contest
* Consumers Can Win Customized Chrysler and Dodge Minivans * Both One-of-a-Kind Vehicles Will Debut at the 2003 Chicago Auto Show CHICAGO, Feb. 12 -- The Chrysler Group, in celebration of producing its 10 millionth minivan, today announced a sweepstakes and contest to give away two "Ultimate Minivans" -- uniquely custo ... Continue reading
General Motors Combines Allison Transmission Division With GM Powertrain
FOR RELEASE: February 12, 2003 General Motors Combines Allison Transmission Division With GM Powertrain DETROIT - General Motors announced today that Allison Transmission Division is being combined with GM Powertrain effective immediately. In making the announcement, GM Chairman John F. Smith Jr. pointed out this is an ... Continue reading
IntelliChoice Reveals Best Overall Value Award Winners For 2003 Model Year Vehicles
Cars, Trucks and SUVs Honored at Chicago Auto Show CHICAGO, Feb. 12 -- PRIMEDIA's IntelliChoice, a PRIMEDIA company that develops and distributes consumer automobile pricing, specifications and ownership and leasing cost data, today announced winners of the 17th annual "Best Overall Value of the Year" awards for 2003 m ... Continue reading
FOR RELEASE: February 12, 2003 CHICAGO - Whether it was a "Super Sport" script on the fenders or a simple "SS" badge in the grille, performance enthusiasts in the ’60s and early ’70s knew a Chevrolet with the SS insignia meant performance. Synonymous with performance, power and prestige, the SS moniker is a ... Continue reading
2004 Chevy Impala SS Rumbles Into Chicago
FOR RELEASE: February 12, 2003 CHICAGO – Impala SS, the car that began Chevrolet’s legendary SS bloodline, will return to the Chevy lineup as a 2004 model. The announcement was made during the 2003 Chicago Auto Show. The 2004 Chevy Impala SS will deliver more power and tighter handling with a 240-horsepower ... Continue reading
Gas Prices at Record High for Month of February
AURORA, Ill., Feb. 12 -- At a time of year when gas prices are historically lower, Illinois and northern Indiana motorists find themselves paying an average of more than $1.60 a gallon for gasoline-the highest process on record for the month of February, and the highest prices for gasoline since the fall of 2001. Accor ... Continue reading
AAA Chicago Offers Tips for Driving on Icy Roads
AURORA, Ill., Feb. 12 -- When temperatures reach at or just above 32-degrees, a thin layer of water on the roads and highways can turn to slick ice, making for extremely dangerous driving conditions. AAA Chicago offers the following tips to motorists: Know your vehicle and how it operates. Not all cars respond the same ... Continue reading
Visteon Elects Karl J. Krapek to Board of Directors
DEARBORN, Mich., Feb. 12 -- Visteon Corporation today announced that its Board of Directors has elected Karl J. Krapek to the Board. Karl Krapek retired in January 2002 from United Technologies Corporation where he was president and chief operating officer since April 1999. He had been a director of UTC since 1977. Pri ... Continue reading
Strong 3-car Kiwi team for London-Sydney Marathon
London, February 12 -- But the cars are a mystery Joe McAndrew, two-times New Zealand rally champion and outright winner of last year's Midnight Sun to Red Sea Rally, has put together a strong 3-car team for the 30-day London-Sydney Marathon in June 2004. Last year McAndrew won the 20-day, 10-country Midnight Sun event ... Continue reading
Media Alert / Photo Opportunity For Thursday, February 13, 2003 - TV, Radio and Print Media Can Get Interviews and Track Footage Before Friday's Round 7 of the 2003 AMA Supercross Series - - Supercross VNR Also Available - WHAT: TV and print media are invited to interview top Supercross professional riders and get high ... Continue reading
Hershey Foods Is Off To The Races - With The Koolerz 300, PayDay And Reese's Racing
HERSHEY, Pa., Feb. 12 -- Hershey is driving its involvement in NASCAR to a new level in 2003. Hershey will enter the 2003 NASCAR Busch Series as the primary sponsor of the No. 21 PayDay Chevrolet Monte Carlo and Kevin Harvick, the 2001 NASCAR Busch Series Champion. Harvick will drive the No. ... Continue reading
GM -10,000 PSI Hydrogen Car Increases Range 60%
FOR RELEASE: February 12, 2003 First to reach 10,000 PSI milestone in compressed hydrogen storage SACRAMENTO, Calif. - General Motors Corp. today announced that it has increased the driving range of its compressed hydrogen fuel cell vehicles with the world's first successful vehicle test of a 10,000 PSI (700 bar) hydro ... Continue reading
Don Julio Junior High Students Experiment With Fuel Cell Technology In Sacramento
FOR RELEASE: February 12, 2003 Don Julio Students Experiment With Fuel Cell Technology General Motors Sponsors Nationwide Fuel Cell Education Program Sacramento, CA - Don Julio Junior High School students will experiment with hydrogen fuel cell technology today during the GM "Tech Tour for Students" at the William Land ... Continue reading
Toyota Stages World Premiere of All-New Tundra 'Big Rig' Double Cab Pickup at 2003 Chicago Auto Show
CHICAGO, Feb. 12 -- The all-new Toyota Tundra "Big Rig" Double Cab pickup truck made its world premiere at a press conference today at the 2003 Chicago Auto Show. "Arriving this fall, the new Tundra Double Cab will be the longest, widest, deepest, and roomiest Tundra we have ever built," said Don Esmond, Toyota Divisio ... Continue reading
Beat the congestion charge, get two wheels
London, February 12 -- Who: The Cool City Mover and his Scooter What: Breakfast, Scooter Parade & Photocall Where: The In & Out Club, 4 St. James's Square, SW1 When: Friday 14th February at 8.30-9.00 am In celebration of not having to pay the congestion charge, London's Hip Scooter Set will meet on Friday, 14th Februar ... Continue reading
Hastings' Canadian Unit Agrees to Acquire Toronto Engine-Products Distributor
Hastings, Inc. will expand its Canadian presence with acquisition of Ertel Manufacturing Corp. HASTINGS, Mich., Feb. 12 -- Hastings Manufacturing Co. (Amex: HMF) today announced its Canadian subsidiary has signed a definitive agreement to purchase Toronto-based Ertel Manufacturing Corp. of Canada, Ltd., a leading distr ... Continue reading
JACKSONVILLE, Fla., Feb. 12 -- Beeline, the human capital solutions business unit of MPS Group, Inc. , today announced that Mitchell International, Inc. has selected Beeline for Contingent Labor to automate the procurement and management of its flexible workforce. Beeline offers a wide range of human capital-related pr ... Continue reading
SAN MATEO, Calif.--Feb. 12, 2003--You've raced cars on a console, PC, handheld game player and even by radio control, but you've never raced R/C cars like this. Sorrent(TM), a leading creator and publisher of games for wireless devices, and DuraTrax, a division of Hobbico, Inc., the world's leading radio control model ... Continue reading
Wescast Reports Increased Fourth Quarter Sales And Earnings
BRANTFORD, Ontario--Feb. 12, 2003--Wescast Industries Inc. (TSX:WCS.A) delivered solid financial results for the fourth quarter and the full year that were in line with previous estimates. "Overall I am very pleased with our fourth quarter performance," said Ray Finnie, President and C.E.O. "We performed extremely well ... Continue reading
Chevrolet Monte Carlo Supercharged SS Blow Into Chicago - Whoosh
FOR RELEASE: February 12, 2003 CHICAGO – With a supercharged V-6 engine and enhancements to ride and handling, the Chevrolet Monte Carlo Supercharged SS will take spirited performance to a higher level in 2004. Chevrolet announced the upgrades to the Monte Carlo SS mid-size coupe during the 2003 Chicago Auto Show ... Continue reading
GM - Passionate Car Guys and Gals
FOR RELEASE: February 12, 2003 CHICAGO -Delivering further evidence of its commitment to create products that inspire passion, General Motors is introducing two new high-performance SS models for its Chevrolet brand at the 2003 Chicago Auto Show. GM's presence at the auto show also hints at the future with innovative c ... Continue reading
General Motors Launches K-12 Education Web Site
FOR RELEASE: February 12, 2003 DETROIT - General Motors is pleased to announce that it has expanded its corporate responsibility web site, gmability.com, to include its educational initiatives. The interactive site, aimed at students in kindergarten through high school, explores environment, science and technology with ... Continue reading
Mrs. America to Grace Chicago Auto Show; Hyundai Hosts Kristi Leigh Phillips During Women's Day
Who: Kristi Leigh Phillips, the reigning 2003 Mrs. America What: Hyundai will be hosting Mrs. America at its booth where she'll sign picture cards and pose for photographs with show patrons, in commemoration of Women's Day at the Chicago Auto Show. Why: Kristi Leigh Phillips will be at the auto show in support of its t ... Continue reading
Toyota Announces 2004 Entry in the NASCAR Craftsman Truck Series
CHICAGO, Feb. 12 -- Toyota Motor Sales, U.S.A. announced today at the Chicago Auto Show its historic plans to begin participation in the NASCAR Craftsman Truck Series in 2004. Toyota Tundra Trucks will make their racing debut at Daytona International Speedway in February 2004. "Toyota is pleased to be making this excit ... Continue reading
Auto Affordability Gained One Full Week in 2002, Comerica Reports
DETROIT, Feb. 12 -- The purchase of an average- priced new vehicle during the fourth quarter of 2002 took 20.0 weeks of median family income, before taxes, according to the Auto Affordability Index compiled by Detroit-based Comerica Bank. This is 0.1 week less affordable than third quarter's 24-year record 19.9 weeks, ... Continue reading
Two Limited-Production Miatas Blow Into Windy City
- Shinsen and Special Edition Mazda Miatas Debut at Chicago Auto Show - CHICAGO, Feb. 12 -- Mazda North American Operations today unveiled two limited-production versions of its popular two-door roadster, the Mazda Miata, at the Chicago Auto Show. The Shinsen Version and Special Edition Miata pay tribute to the traditi ... Continue reading
IntelliChoice Selects Two Subaru Vehicles as Best Overall Values in Their Class
- Forester and Legacy Win Best Value in Their Category for 2003 - CHICAGO, Feb. 12 -- IntelliChoice announced results for the 2003 model of the year review and selected two Subaru vehicles for "Best Overall Value of the Year." The awards, now in their 17th year, were announced today at the Chicago Auto Show. The Subaru ... Continue reading
* Consumers Can Win Customized Chrysler and Dodge Minivans * Both One-of-a-Kind Vehicles Will Debut at the 2003 Chicago Auto Show CHICAGO, Feb. 12 -- The Chrysler Group, in celebration of producing its 10 millionth minivan, today announced a sweepstakes and contest to give away two "Ultimate Minivans" -- uniquely custo ... Continue reading
American Suzuki to Triple Sales by 2007 with Series of New Models CHICAGO, Feb. 12 -- American Suzuki Motor Corporation (ASMC) today took the wraps off two new models - the mid-size sedan Verona and premium compact Forenza -- specifically targeting today's smarter, value-seeking buyer with many of the same styling, int ... Continue reading
Suzuki Takes on the Premium Compact Category With Chicago Auto Show Launch of the Forenza
CHICAGO, Feb. 12 -- Revving into the most competitive segment in the U.S. automotive market, American Suzuki Motor Corporation (ASMC) proudly launches its new Forenza -- a dynamic affordable premium compact car designed to exceed consumer expectations for luxury and high-end features at a price well below the competiti ... Continue reading
Advance Auto Parts Achieved Strong Fourth Quarter and Fiscal Year Results
* Comparable Store Sales Rose 5.5% for the Year, 3.1% for the Fourth Quarter * For the Year, Operating Margins Increased to 6.1% and on a Comparable Basis Rose 230 Basis Points to 7.2% * For the Fourth Quarter, Operating Margins Increased to 4.8% and on a Comparable Basis Rose 190 Basis Points to 6.1% * Generated $165 ... Continue reading
General Motors To Continue Sponsoring Both Nascar Winston Cup Series Races At Richmond
RICHMOND, Va., Feb. 12 -- General Motors has reached an agreement on a three-year contract with Richmond International Raceway to continue sponsoring both of the track's NASCAR Winston Cup Series races, officials from both companies announced today. The sponsorship deal also calls for Pontiac to continue to serve as th ... Continue reading
CASCAR Announces 2003 Schedule
For immediate release / February 12, 2003 CASCAR Announces 2003 Schedule LONDON, ON - CASCAR is pleased to announce its race schedule for the 2003 Super Series championship battle, which sees Canada's top motorsports series return to all its premier facilities. CASCAR is excited to have signed a two year agreement with ... Continue reading
Saab 9-3 Sport Sedan Honored as 'Best Family Sedan' In TV Show Awards
NORCROSS, Ga., Feb. 12 -- Looking beyond the common and typical family sedans, editors at PBS's MotorWeek television chose the all-new Saab 9-3 Sport Sedan in their annual Drivers' Choice Awards as "Best Family Sedan." MotorWeek, America's long-running automotive magazine show, announced its annual Drivers' Choice Awar ... Continue reading
Syntel Reports Solid Fourth Quarter and Full-Year 2002 Results
Quarterly Highlights: * Revenue for Q4 totaled $42.3M and FY2002 was $164.4M * Gross margin reached 47.5% (44.7% after excluding one-time effect) * EPS for Q4 and FY2002 was $0.32 and $0.86 per diluted share, respectively ($0.22 and $0.75 per diluted share, after excluding one- time effects), respectively * Billable he ... Continue reading
Harley-Davidson, Inc. Declares Dividend
MILWAUKEE, Wis., Feb. 12 -- Harley-Davidson, Inc. announced today that its Board of Directors approved a quarterly cash dividend of 3.5 cents per share, payable March 24, 2003 to shareholders of record as of March 12, 2003. The Company currently has approximately 302.7 million shares of common stock outstanding. Harley ... Continue reading
New Mercedes-Benz E55 AMG Makes Debut in Chicago
'Kompressor' Engine Makes E55 AMG the Fastest Mercedes Ever CHICAGO, Feb. 12 -- A new-generation E55 AMG makes its North American debut today at the Chicago Auto Show. The new E55 AMG represents the next chapter in a proud history of high-performance Mercedes-Benz vehicles. While it delivers the same stylish design and ... Continue reading
CHICAGO, Feb. 12 -- Subaru of America, Inc. today introduced Forester 2.5 XT, a new higher-performance version of its popular Forester sport-utility vehicle (http://www.newscom.com/cgi-bin/prnh/20030212/PHW050). Powered by a 210-horsepower turbocharged and intercooled 2.5-liter boxer engine, Forester 2.5 XT adds a uniq ... Continue reading
Kia Opirus to debut at the Geneva International Motor Show
www.autoindex.org CLICK4MORE Auto Intros Kia Motor Corp. will introduce a new luxury model at the Geneva Motor Show (6-16 March). Developed under the code name GH for Grand Heritage the new "large-sized super-deluxe sedan" is based on the Hyundai Grandeur XG. The new super-deluxe sedan boasts the highest possible safet ... Continue reading
WASHINGTON, Feb 12, 2003; Laura MacInnis writing for Reuters reports that Americans seeking attention on the road, and in their suburban neighborhoods, are trading in their trucks and SUVs for a new, oversized status symbol -- an all-terrain army vehicle. The Hummer H2, a cheaper and more refined version of GM's Hummer ... Continue reading
GM Extends Hydrogen Fuel Cell Vehicle Range
SACRAMENTO, Calif. February 12, 2003; Dow Jones reports that General Motors Corp. completed the first successful vehicle test of a 10,000 PSI hydrogen storage system, allowing the company to increase the driving range of its compressed hydrogen fuel cell vehicles. General Motors developed the system with Quantum Fuel S ... Continue reading
Cointent Is King - Lexus Launches New Web Site With MSN
Lexus.MSN.com Seeks to Be Premier Destination for Those Seeking More Sophisticated Content TORRANCE, Calif., Feb. 12 -- Lexus and MSN have teamed up to launch a new Web site that forges the best of the MSN network of Internet services and the quality and sophistication that people have come to expect from the luxury au ... Continue reading
Winnebago Industries Named Top Selling Motor Home Manufacturer for Second Consecutive Year
FOREST CITY, Iowa--Feb. 12, 2003-- -- Congratulates dealers for exceptional performance -- Winnebago Industries, Inc. became the top selling motor home manufacturer for calendar 2002 according to Statistical Surveys, Inc., an independent retail reporting service in Grand Rapids, Michigan. For the second consecutive yea ... Continue reading
Cars Play Key Role in Affairs of the Heart
Survey Reveals Automobiles Often Setting For Romance HOUSTON, Feb. 12 -- Looking to shift your love life into overdrive this Valentine's Day? Don't underestimate your car's role in leading you down the road to romance. A new Jiffy Lube International / Harris Interactive(R) survey revealed that 83% of Americans have exp ... Continue reading
Honda to Break Ground for $30 Million Expansion in North Carolina
WHAT: Honda officials will join with Governor Mike Easley and local officials to break ground for the $30 million expansion at Honda Power Equipment Mfg. (HPE) in Swepsonsville that will expand production capacity by 50% to 1.5 million engines per year in 2004. HPE began operations in North Carolina in 1984. WHEN: Frid ... Continue reading
Dana Corporation Announces 2002 Results
Restructuring Actions Drive Improvements TOLEDO, Ohio, Feb. 12 -- Dana Corporation today announced improved results for the fourth-quarter and full- year 2002 due largely to the successful execution of the company's restructuring plan unveiled in October 2001. "One year ago, we identified the rapid execution of our res ... Continue reading
OAK GROVE ACRES, Wis., Feb. 12 -- The Zahn Family of Juneau, Wisconsin announced today that they are hosting a campground for riders attending the Harley-Davidson 100th Anniversary Celebration in Milwaukee, WI. Oak Grove Acres will be open to motorcycles, autos, buses and RVs from August 25, 2003 through September 1, 2 ... Continue reading
Coachmen Industries, Inc. Confirms Strong Gain in Fourth Quarter and Full-Year Earnings
* Fourth quarter earnings of $0.17 per share and 2002 earnings of $0.62 per share mark significant improvements over the losses of ($0.09) and ($0.25) per share in year-earlier periods. * Fourth quarter RV sales up 48% with increased production and shipments over previous year period. ELKHART, Ind., Feb. 11 -- Coachmen ... Continue reading
CSK Auto Corporation Reports Same Store Sales for the Fourth Quarter and Full Year Fiscal 2002
PHOENIX, Feb. 11 -- CSK Auto Corporation , the parent company of CSK Auto, Inc., a specialty retailer in the automotive aftermarket, today announced its sales results for fiscal 2002. The Company also said that it expects to release its results for the fourth quarter and fiscal year 2002, and hold a conference call to ... Continue reading
Hyundai Automotive Group Breaks Ground on First North American Proving Ground
- Mong-Koo Chung, Chairman and CEO of Hyundai Motor Company and Kia Motors Corporation, Participates in the Ceremonial Groundbreaking of the $50 million California Facility - CALIFORNIA CITY, Calif., Feb. 11 -- Mong-Koo Chung, chairman and CEO of Hyundai Motor Company and Kia Motors Corporation, joined a select group o ... Continue reading
Perot Systems Signs 10-Year, $22 Million IT Outsourcing Contract With Global Motorsport Group, Inc.
PLANO, Texas, Feb. 11 -- Perot Systems Corporation today announced the signing of a 10-year, $22 million complete information technology outsourcing contract with Global Motorsport Group, Inc. (GMG). Under the terms of the contract, Perot Systems will manage the entire IT function for GMG, inclusive of all software and ... Continue reading
Gas Prices Rising Dramatically, AAA Reports
BELLEVUE, Wash., Feb. 11 -- AAA reports, the average price of self-serve regular unleaded gasoline in Washington has increased 18 cents in the past month to $1.559 per gallon. In Idaho prices have increased nearly 15 cents in the past month to $1.597 per gallon. The national average for self- serve regular unleaded gas ... Continue reading
Phoenix Gold Announces First Quarter Results
PORTLAND, Ore., Feb. 11 -- Phoenix Gold International, Inc. today reported a net loss of $354,000, or $0.12 per share, for the first quarter of fiscal 2003, which ended December 31, 2002 compared to net earnings of $7,000, or $0.00 per diluted share, for last year's first quarter. Included in the net loss for the quart ... Continue reading
GM plans to spend up to $416 mln on GM Daewoo
SEOUL, Feb 12, 2003; Reuters reported that General Motors said it plans to invest up to 500 billion won ($416 million) this year in its South Korean unit, GM Daewoo Automotive and Technology Co, to beef up design and production. GM agreed in April of 2002 to take a majority stake in GM Daewoo for $251 million, providin ... Continue reading
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