Ford Raises $1.4 Billion Through Common Stock Offering
DEARBORN, Mich., May 12 -- Ford Motor Company announced today that it has agreed to sell 300 million shares of its common stock in a public offering at a price of $4.75 per share for total gross proceeds of approximately $1.4 billion. Ford also granted to the underwriters a 30-day option to purchase up to 45 million ad ... Continue reading
Tony Stewart Racing's Kraig Kinser Sees Outlaws' Eastern Swing As Great Opportunity
INDIANAPOLIS (May 12, 2009) â Racecar drivers are faced with many challenges week in and week out. The path from the green flag to the checkered flag sometimes can be smooth sailing, and other times itâs full of obstacles. When things come easily, drivers may be wary that something bad is just around the corn ... Continue reading
Corsa Team Getting First Up-Close Look At Hybrid
Braselton, May 12, 2009: The countdown to Corsa Motorsportsâ history-making debut this weekend with a hybrid prototype in the American Le Mans Series is ever decreasing. The Utah-based team is going through the inner workings of its new Ginetta-Zytek 09HS LMP1 entry just three days before it hits the track for the ... Continue reading
Advance Auto Parts to Report First Quarter Results on May 20, 2009
ROANOKE, Va.--Advance Auto Parts, Inc. , a leading automotive aftermarket retailer of parts, batteries, accessories and maintenance items, will report its first quarter 2009 financial results after market close on Wednesday, May 20, 2009. The company will detail its results on a conference call scheduled to begin at 10 ... Continue reading
United Components Reports Results of Operations for First Quarter 2009
EVANSVILLE, Ind.--United Components, Inc. (âUCIâ) today announced results for the quarter ended March 31, 2009. Revenue of $219.9 million decreased $9.4 million over the year-ago quarter. Excluding the effects of obtaining new customer business in both quarters, revenue decreased by 3.5% from the year-ago qua ... Continue reading
Azure Dynamics Announces First Quarter Results for 2009
OAK PARK, MI, May 12 -- Azure Dynamics Corporation (TSX: AZD) - ("Azure" or the "Company"), a leading innovator in the development of environmentally friendly and cost effective hybrid electric and electric technologies for commercial vehicles, today reported its first quarter financial results for the period ending Ma ... Continue reading
Myers Industries Welcomes John B. Crowe to the Board of Directors
AKRON, Ohio--Myers Industries, Inc. is pleased to welcome John B. Crowe to the Companyâs Board of Directors. Mr. Crowe was newly elected to the Board of Directors at the Companyâs Annual Meeting of Shareholders, held April 30, 2009. âJohn brings a wealth of expertise across many disciplines, and we welco ... Continue reading
SEMA Seeks Protection for Collector Cars and Parts
Amendments Offered As Lawmakers Finalize Vehicle Scrappage Program WASHINGTON, May 12 -- The Specialty Equipment Market Association (SEMA) urged Congress to include two additional provisions to controversial legislation that would provide a government voucher to consumers who buy a new car in exchange for scrapping a l ... Continue reading
Pep Boys Appoints Ronald J. Stoupa Vice President of Marketing
PHILADELPHIA--The Pep Boys â Manny, Moe & Jack , the nation's leading automotive aftermarket service and retail chain, today named Ronald J. Stoupa vice president of marketing. Mr. Stoupa will oversee the Companyâs marketing, advertising and branding and will report directly to SVP of Merchandising and Market ... Continue reading
News Release: The Art of Frank Lloyd Wright and His Automobiles
AUBURN CORD DUESENBERG AUTOMOBILE MUSEUM NEWS RELEASE - 05/11/09 For Immediate Release May - 2009 CONTACT: Matt Short Executive Vice President (260) 925-1444 ext. 29 The Art of Frank Lloyd Wright and His Automobiles Selected Drawings from the John E. Christian Family Memorial Trust, Inc. Collection Opens April 25 at th ... Continue reading
Adventure Tourism Company Provides Off-Road Tour Experience Featuring TOMCAR(R) Vehicles
ROCHESTER HILLS, Mich., May 12 -- Tourists in Cabo San Lucas and Puerto Vallarta, Mexico can now enjoy the thrill of adventure that only a TOMCAR vehicle can provide. Green Zebra Adventures, a U.S. based tourism company, recently began operating a revolutionary new off-road adventure tour experience in these markets fe ... Continue reading
Time to Prepare Vehicles for Summer Heat
DALLAS--Summer is driving season for family vacations and road trips, but high temperatures can put the brakes on the fun without proper vehicle maintenance. Americaâs number one automotive replacement battery company, Interstate Batteries, offers preventive maintenance tips to families to help prepare their autom ... Continue reading
Truex's Team Wins Tissot Pit Crew Award in Darlington
Darlington, May 12, 2009: Martin Truex Jr.âs crew won the Tissot Pit Road Precision Award in Saturday nightâs (May 9) NASCAR Sprint Cup race at Darlington (S.C.) Raceway. Truexâs crew, out of the Earnhardt Ganassi Racing stable, became the seasonâs ninth different winner of the Tissot pit road compe ... Continue reading
Tesla Surpasses 1,000 Reservations for Model S
SAN CARLOS, Calif.--Tesla Motors surpassed 1,000 reservations for the Model S, an all-electric family sedan that carries up to seven people and travels up to 300 miles per charge. Tesla launched the car March 26, and reservations immediately began streaming in online and at showrooms in California. The anticipated base ... Continue reading
1.1 Million Plan Memorial Day Travel, Says AAA Travel Survey
Travel bargains and pent-up demand drive slight increase DEARBORN, Mich., May 12 -- An estimated 1.1 million Michiganians will travel during the upcoming Memorial Day weekend, launching the start of the 2009 summer travel season, says AAA Michigan. According to a national survey conducted for AAA by IHS Global Insight, ... Continue reading
April Searches on Swapalease.com Reveal Strong Demand for GM Cars
CINCINNATI, May 12 -- GM vehicles are still in demand according to user data from Swapalease.com, the world's largest auto lease marketplace. The company released its list of top vehicle searches for the month of April and reports that despite the automaker's recent struggles, many of their models are still in high dem ... Continue reading
ST. LOUIS--As the busy Memorial Day weekend approaches, thousands of travelers may get a shock at the airport rental car counter: return a vehicle with no time to fill up the tank, only to get hit with a staggering $7-$8 per gallon refueling charge from many of the major car rental brands. With the cost of self-serve g ... Continue reading
Speedemissions Reports Results for the First Quarter 2009
ATLANTA--Speedemissions, Inc. (OTC Bulletin Board: SPMI News), a leading vehicle emissions and safety inspection company today announced its financial results for its first quarter ended March 31, 2009. Highlights for the first quarter 2009 compared with first quarter 2008: Total revenue increased 1.7% to $2,471,942 Sa ... Continue reading
Markus Niemela Preview - Toole Utah - May 11, 2009
Dana Point, CA, May 12, 2009: Markus Niemela and his NWR - Nuclear Energy - Mr. Jones teammates have completed their preparations for the coming American Le Mans Series - Larry H. Miller Dealerships Utah Grand Prix May 15-17. <p> âThe beginning of my season(was)not easy with my Sebring crash, but the team has been ... Continue reading
Infiniti Announces Pricing on 2010 QX56
FRANKLIN, Tenn., May 12 -- Infiniti today announced pricing on the 2010 Infiniti QX56 full-size luxury SUV, which is on sale now at Infiniti retailers nationwide. The QX56 is available in two-wheel and four-wheel drive models, both equipped with a standard 320-horsepower 5.6-liter DOHC V8, 5-speed automatic transmissio ... Continue reading
Mike Coughlin serves as test pilot of two exquisite cars from Woody's Hot Rodz
DELAWARE, May 12, 2009: Drag racing champion Mike Coughlin recently spent a day at his home track of National Trail Raceway helping noted car builder Chris Sondles shakedown a pair of very unique hot rods. The owner of Woody's Hot Rodz in Bright, Ind., Sondles was selected by Street Rodder magazine to build this year's ... Continue reading
'Main Street' Bondholders Rally for Inclusion in the GM Bankruptcy Negotiations
Seniors and Retirees Advocate for Fair Solution at Philadelphia & Tampa, FL events WASHINGTON, May 12 /PRNewswire-USNewswire/ -- The "Main Street" Bondholders Coalition, a project of 60 Plus Association, gathered today to voice concerns over their exclusion in the GM bankruptcy negotiations and to advocate for a fair a ... Continue reading
NEW YORK and CHANGSHA, China, May 12 /PRNewswire-Asia-FirstCall/ -- Tongxin International Ltd. , a China-based manufacturer of engineered commercial vehicle body structures ("EVBS") and stamped body parts, announced its conference call to review the Company's year end 2008 and first quarter 2009 financial results. Mr. ... Continue reading
iBidMotors Continues Fast Track Growth with Acquisition of MonsterMotors.com
Combined Company is The Largest Exclusive Dealer to Consumer Online Auction Site BASKING RIDGE, N.J., May 12 -- iBidMotors (www.iBidMotors.com) announced today that it has completed its acquisition of Monster Motors, a leading automotive online auction site. The expanded iBidMotors platform now has hundreds of car deal ... Continue reading
COLUMBUS, Ind.--Despite the current global recession, the Company is taking aggressive actions to ensure that its long-term profitable growth resumes once the economic recovery begins, Cummins Inc. Chairman and Chief Executive Officer Tim Solso told shareholders today at the Companyâs annual meeting. Speaking from ... Continue reading
KARLSBAD, Germany--Harman Becker Automotive Systems, the automotive division of Harman International and Lotus Engineering have reached an agreement to jointly develop noise management solutions using Lotusâ patented Active Noise Control technologies. Exclusive rights are granted to Harman to manufacture the lates ... Continue reading
Newman Heading Into All-Star Race With a Hot Pace
<b>Says Next to Capturing Daytona 500, All-Star Victory was Biggest Win</b> CONCORD, May 12, 2009: As the NASCAR points battle switches to the prestigious battle of the Sprint All-Star Race this weekend, Ryan Newman is looking to build on his recent performances, which have made him the hottest driver in the last three ... Continue reading
Kenney Scores Double Pole and Top Tens at Assen
Sterling, May 12, 2009: Liam Kenneyâs second European outing of the season heralded a double pole-winning performance from the American teenager as he locked out the top-spot on the grid for the third and fourth races in the 2009 ADAC Formula Masters Championship at Assen, The Netherlands, Friday 8th â Sunday ... Continue reading
China Apr. auto export up 16% m/m to 26,000 units
China Apr. auto export up 16% m/m to 26,000 units http://autonews.gasgoo.com/auto-news/1010425/China-Apr-auto-export-up-1 6-m-m -to-26-000-units.html Shanghai, May 12 (Gasgoo.com) Last month, Chinese carmakers saw their auto exports rally and rise slightly from the previous month, sina.com said today. The statistics of ... Continue reading
Pointer Telocation's Q1 2009 Results Release & Conference Call Scheduled for May 19th, 2009
ROSH HAAYIN, Israel, May 12 -- Pointer Telocation Ltd. - develops, produces and markets high-end technology and products for AVL (Automatic Vehicle Location) solutions providers for stolen retrieval, fleet management, car & driver safety, public safety, vehicle security and asset management, and a leading RSA (Road Sid ... Continue reading
Ford Engineers Pit Shopping Carts, Water Cannons and Metal Whips Against New Safety Technologies
- Ford is using new types of testing as it leads the industry in introducing advanced safety technologies for mainstream vehicles - Ford engineers test the predictive, pressure-sensing air bag technology featured on vehicles such as the new 2010 Taurus against shopping carts, bicycle wheels and metallic whips - Ford ho ... Continue reading
NAVTEQ Unveils Content Showcase Beta at NAVTEQ.com
Site Features NAVTEQ Map, Traffic and Location Products CHICAGO, May 12 -- NAVTEQ, the leading global provider of digital map, traffic and location data for in-vehicle, portable, wireless and enterprise solutions, announced today the beta launch of a new NAVTEQ.com showcase featuring robust maps, real-time traffic and ... Continue reading
ASHLAND, Ore., May 12 -- With production of the Brammo Enertia plug-in electric motorcycle ramping up, Brammo made another key addition to its executive leadership team. Bruce Gilpin has been named Brammo's Chief Operating Officer (COO) and interim Chief Financial Officer (CFO) and will focus on building the company in ... Continue reading
Acacia Automotive Announces Augusta Auction Results
North Augusta, S.C., May 12 -- Acacia Automotive, Inc. (Ticker-ACCA) today released recent statistics on its Augusta Auto Auction unit. The auction reported substantial growth in unit sales and fee revenues through April 2009 compared to previous periods, reflecting extreme resilience to recessionary factors that have ... Continue reading
BMW opens Asia's largest training center in Shanghai
BMW opens Asia's largest training center in Shanghai http://autonews.gasgoo.com/auto-news/1010420/BMW-opens-Asia-s-largest-t raini ng-center-in-Shanghai.html Shanghai, May 12 (Gasgoo.com) BMW AG announced the opening of BMW Shanghai Training Center, the biggest BMW training center in Asia on Monday, reported Xinhua new ... Continue reading
Chinese automakers rush to build luxury models
Chinese automakers rush to build luxury models http://autonews.gasgoo.com/auto-news/1010431/Chinese-automakers-rush-to -buil d-luxury-models.html Shanghai, May 12 (Gasgoo.com) Despite global economic recession, Chinese automakers have been rushing to build luxury cars of their own brands, targeting at high-end users su ... Continue reading
China Yuchai International Reports First Quarter 2009 Unit Sales
SINGAPORE, May 12 /PRNewswire-Asia-FirstCall/ -- China Yuchai International Limited ("China Yuchai" or the "Company"), announced that the total number of diesel engines sold by the Company's major operating subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL") during the first quarter of 2009 was 121,749 units ... Continue reading
Continental Tires Named Original Equipment for Freightliner M2 Trucks
FORT MILL, S.C., May 12 -- Continental Tire North America, Inc. and Freightliner Trucks are pleased to announce that Continental tires will now become standard original equipment on all Freightliner Business Class(R) M2 medium-duty trucks. In addition, Continental's lineup of commercial vehicle tires will become option ... Continue reading
Zoombak Brings its GPS Recovery Finance Track to NABD Conference 2009
LAS VEGAS--Zoombak⢠(www.Zoombak.com) a leader in personal A-GPS tracking devices, today announced its presence as a sponsor and exhibitor at the NABD Conference 2009. Peter Muldoon, Senior Vice President of Sales at Zoombak, will participate in a panel discussion addressing the role of GPS in the Buy Here/Pay Her ... Continue reading
FREDERICK, Colo.--UQM Technologies, Inc. (NYSE Amex:UQM), a developer of alternative energy technologies, announced today that itâs Chief Executive Officer, William G. Rankin, will present at the Eighth Annual JMP Securities Research Conference on Monday, May 18, 2009 at 11:00 a.m. The conference will be held at t ... Continue reading
PPG Invests in Natrium Plant to Meet Regional Hydrochloric Acid Demand
PITTSBURGH--PPG Industries has announced that it will invest nearly $6 million to install a new acid burner unit at its Natrium, W.Va., plant. The new unit, which is expected to be operational by late 2009, will help the company better meet regional demand for higher-quality hydrochloric acid, or HCl, a chlorine deriva ... Continue reading
BRUSSELS, Belgium, May 12 -- WABCO Holdings Inc. (http://www.wabco-auto.com) , a global technology leader and tier-one supplier to the commercial vehicle industry, today announced that WABCO has been awarded a contract by a major original equipment manufacturer in Europe to supply EcoSmart(TM) systems to equip their he ... Continue reading
IC Bus Helps Emeryville, California Go Green With New Hybrid Commercial Buses
City's First-Ever Hybrid Buses Reduce Energy Consumption, Carbon Footprint EMERYVILLE, Calif., May 12 -- More than one third of the more than 5,000 daily riders who use the Emery Go Round shuttle will now be traveling to and from the city's business, retail and residential districts in fuel-efficient and emissions-redu ... Continue reading
China Automotive Systems Reports 2009 First Quarter Financial Results
WUHAN, Hubei, China, May 12 /PRNewswire-Asia/ -- China Automotive Systems, Inc., the "Company", , a leading power steering components and systems supplier in China, today announced its 2009 first quarter financial results for the period ended March 31, 2009. -- First quarter 2009 net sales increased 7.8% year-over-year ... Continue reading
Renault Enters Into Commercial Agreement to Install ONDAS Satellite Radio Receivers
MADRID, May 12 -- ONDAS Media S.A., the satellite radio company for Europe, today announced that it has entered into a commercial agreement to install satellite radio receivers in Renault vehicles and its affiliates across Europe. This agreement will allow Renault customers to enjoy the benefits of the uninterrupted si ... Continue reading
Organising with System - Tidying up the Vehicle with Volkswagen Accessories
The optimum storage of small parts in the vehicle is not only important for protecting the passengers when manoeuvring around obstacles and with emergency braking. Accessory packages from Volkswagen Accessories for storing and for transporting provide additional order in the vehicle and ensure for a useful space utilis ... Continue reading
Nissan to Build Electric Vehicles at Oppama Plant
Nissan Motor Co., Ltd today announced the company will produce electric vehicles (EV) at its Oppama Plant (Natsushima-cho, Yokosuka City, Kanagawa) from autumn 2010. ... Continue reading
Original Volkswagen Accessories for the New Volkswagen Golf Plus
Just in time for the market introduction of the new Volkswagen Golf Plus, Volkswagen Accessories presents a large number of new accessory products for this model. These characteristics for comfort and space are also reflected in the Volkswagen Genuine Accessories which provide the vehicle with an additional plus in qua ... Continue reading
Nine out of 10 consumers open to purchasing hybrid as next vehicle MILWAUKEE, May 12 -- A new Johnson Controls survey, conducted by Harris Interactive(R), reveals that more than four in five U.S. adults believe the United States must become a leader in hybrid vehicles (88%), and that the government should support the a ... Continue reading
The SEAT Exeo, distinguished as "Novelty of the Year" in Catalonia
SEAT received the "Novelty of the Year" in Catalonia award last Thursday at the Barcelona International Motor Show for the SEAT Exeo, the Spanish brand's sporty sedan that has been on the market since February. ... Continue reading
Strong Work Ethic at BYD, Maker of Electric Cars
I was a bit surprised when my article last week on BYDâs (BYDDY.PK) new e6 electric car and the related post with videos of Wang Chuanfu received far more attention than coverage of Berkshire Hathawayâs (BRK.A) Q1 2009 results. However, perhaps I should not be surprised given the intense interest in the auto ... Continue reading
Renault, Official Sponsor of the 62nd Cannes Film Festival
Renault has fostered the growth of the Cannes Film Festival for 26 years. From May 13 to 24, 2009, a fleet of about hundred vehicles, including 70 Vel Satis and 30 Espace, will drive the actors and Festival guests to and from the red-carpeted steps. In addition, this year about a dozen Kangoo be bop will supplement the ... Continue reading
After 28 years at Renault, Luc-Alexandre Ménard, Senior Vice President, Public Affairs for the Renault group and a member of the Renault Management Committee, will be retiring on June 30, 2008. ... Continue reading
Mazda Reports Fiscal Year 2008 Financial Results
Mazda Motor Corporation today reported its financial results for fiscal year (FY) 2008 and announced its projections for FY2009. ... Continue reading
Congress Set to Needlessly Destroy Millions of Potential Replacement Car Parts
FAIRFAX, Va., May 12 -- Over the past week, environmentalists have been strongly expressing their disappointment regarding the "Cash for Clunkers" compromise legislation announced by Democrat lawmakers and President Barack Obama. In prominent media outlets such as the NewYorkTimes.com, they warn that the $4 billion tax ... Continue reading
'Summertime Blues Is Yesterday's News' Claims Leading RV Rental Outfit
FORT LAUDERDALE, Fla., May 12 -- America's economy is finally showing some signs of life. Job losses are slowing; the stock market seems to have found solid ground and gas prices are half of what they were last year. "People are starting to feel more confident and have resumed living their lives," said Rob Tischler, Pr ... Continue reading
Insight Becomes First Hybrid Vehicle to Rank as Best-Selling Vehicle in Japan
TOKYO - May 12, 2009: Honda Motor Co., Ltd. announced that Insight ranked as the industry's best-selling car among new vehicle registrations* in Japan for the month of April 2009, with sales of 10,481 units (source: Japan Automobile Dealers Association). It is the first time in history for a hybrid model to be the indu ... Continue reading
Toyota to Halt Some Production Lines in Japan
TOKYO May 12, 2009; The AP reported that Toyota Motor Corp. said today it will suspend several production lines at an engine factory in central Japan to adjust its output to slowing demand. The world's top automaker will stop three of 11 production lines at Kamigo, its main engine factory in central Aichi prefecture, b ... Continue reading
Nissan Net Loss At 233.7 Billion Yen In FY08
Nissan Motor Co., Ltd., today announced financial results for the fiscal year 2008, ending March 31, 2009, and filed the following results with the Tokyo Stock Exchange ... Continue reading
Suzuki Helps Drive Down Emissions with the Scrappage Scheme
Suzuki GB PLC is pleased to announce that it will join the scrappage scheme from May 18th and the entire range will be included. Existing 0% APR finance offers on Swift, Splash, SX4 and Grand Vitara models will continue until the end of June 2009. ... Continue reading
Proton The Eco-Logical Choice For UK Fleet Managers
One of the UK’s leading providers of cosmetic surgery has replaced its fleet with Proton GEN-2 ecoLogic dual fuel vehicles, dramatically cutting the running costs of its fleet by tens of thousands of pounds a year. ... Continue reading
Mazda Unveils first Norwegian-specification RX-8 Hydrogen RE at Oslo Ceremony
Another environmentally focused solution from Mazda - a Norwegian-specification RX-8 Hydrogen RE - was unveiled today at an historic event in Oslo. The vehicle was unveiled as part of a ceremony celebrating the opening of the latest HyNor hydrogen filling stations. With this opening, Norway's national hydrogen project ... Continue reading
Honda Jazz: Japan's Most Popular Car 2008
The fuel-efficient Honda Jazz (known as the 'Fit' in Japan) was the most popular car for the 2008 calendar year and the Japanese fiscal year ending 31 March, 2009. ... Continue reading
First Customer Delivery of the All-new Mercedes-Benz E-Class Coupe Takes Place in Germany
Mr Siegfried Möller (56) has just collected the keys to his new Mercedes-Benz E-Class Coupé from Peter Schabert, manager of the Mercedes-Benz plant in Bremen, the manufacturing home of this stunning two-door model. ... Continue reading
Asian Sales Help Suzuki Maintain Profit Run
Strong sales in India and throughout the Asian region have helped Suzuki Motor Corporation (SMC) become one of the few automobile makers to record a profit in 2008. ... Continue reading
DETROIT May 11, 2009; Tom Krisher writing for the AP reported that six General Motors Corp. executives recently sold more than 200,000 shares of the automaker as GM moves toward issuing new equity to give large stakes to the U.S. government and a United Auto Workers retiree health care trust fund. Four group vice presi ... Continue reading
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