1998 Record Year For Southeast Toyota Sales
With total sales of 244,337 cars and trucks in 1998, Southeast Toyota Distributors, Inc. reported a new annual sales record. The former record, set in 1997, was surpassed by six percent. ... Continue reading
Action Performance Extends Exclusive Licensing Agreement
Action Performance Companies Inc. announced that it has extended its current exclusive licensing agreement with 1998 NASCAR Busch Series champion Dale Earnhardt Jr. through the year 2005. ... Continue reading
Alliance of Auto Manufacturers Formed by 9 Automobile Companies
Nine global automakers announced the formation of a new trade association to represent the common interests of its members on a broad range of public policy issues. ... Continue reading
AquaFuel Introduces Water & Fuel to the Dominican Republic
AquaFuel-Dominicana (AFD) has announced its formation as a joint venture between Compania de Luz y Fuerza de las Terrenas, a consortium of entities organized to privatize the delivery of electric power in the Dominican Republic. ... Continue reading
ARDC: ARDC CARQUEST Midgets to Visit Flemington Four Times in '99
ARDC: ARDC CARQUEST Midgets to Visit Flemington Four Times in '99 ... Continue reading
ATX Technologies' New Hi Tech System Helps
More than 130,000 calls for help were heard last year by a new hi-tech system that uses satellite and wireless technology to track vehicles. ... Continue reading
Auto Network Group, Inc. Announces Continued Expansion Into Texas
Auto Network Group, Inc. announced that in the continuation of the Company's strategic growth plan, it has received a letter of intent with a San Antonio, Texas group. ... Continue reading
BancBoston Robertson Stephens Covers Tower Automotive
BancBoston Robertson Stephens managing director and industrial growth stocks analyst Michael Mach initiated coverage of Tower Automotive, Inc. with a Buy rating. ... Continue reading
Budget Group Signs Letter of Intent With Computer Sciences
Budget Group, Inc. announced the signing of a letter of intent to enter into a five-year global technology partnership with Computer Sciences Corporation. ... Continue reading
In a third quarter market analysis report, published in August 1998, Semico predicted that DRAM ASPs would stabilize, and that has happened. Semico believes that DRAM ASPs will continue to rise, leading to a turnaround in the market. ... Continue reading
CART, BUSINESS: Walker Racing Names New Public Relations
CART, BUSINESS: Walker Racing Names New Public Relations ... Continue reading
CART, INDYLIGHTS: Mattco Raceworks Tests for Team Compatibility at Firebird
CART, INDYLIGHTS: Mattco Raceworks Tests for Team Compatibility at Firebird ... Continue reading
CART: Team Gordon in Place for 99 CART Fedex Championship Series
CART: Team Gordon in Place for 99 CART Fedex Championship Series ... Continue reading
CCC Processes Record Number of Total Loss Transactions for Dec.
CCC Information Services Inc. announced that the company's December 1998 total loss business has established a new company record for claims transactions processed for the month of December. ... Continue reading
CFOs Rate Lexus as Car of Choice
For commuting to and from work in style, Lexus appears to be the vehicle of choice for the nation's chief financial officers (CFOs), according to a new survey. ... Continue reading
Consolidation Continues in Retail Auto Industry, NADA Says
Consolidation in the retail automotive industry continued in 1998, as the number of franchised dealerships declined and those that remained grew larger, according to the National Automobile Dealers Association. ... Continue reading
Delta Launches 'SkyMiles Auto Buying Program'
Delta Air Lines and Automotive Dealers' Marketing (ADM), America's largest auto buying company, have joined together to offer Delta SkyMiles members a new and simple way to earn bonus miles. ... Continue reading
Dollar Rent A Car Opens Five New Licensee Locations
Dollar Rent A Car announced the opening of four new licensee locations in Mexico -- two in LaPaz, Mexico, and two in Ciudad del Carmen, Mexico. In addition, Dollar has opened a new licensee location in Tumon, Guam. ... Continue reading
Ford Unveils Interactive Strategy That 'Connects' With Consumers
Using its new exhibit at the North American International Auto Show as a backdrop, the Ford Motor Company unveiled "The Connection" -- a broad interactive program designed to meet the transportation needs of consumers. ... Continue reading
Ford Windstar Sets Unprecedented Safety Mark
The 1999 Ford Windstar has been awarded unprecedented top safety scores in all categories of crash protection in the government's New Car Assessment Program. ... Continue reading
Glas-Aire Reports 62 Percent Increase in Net Income for Third Quarter
Glas-Aire Industries Group Ltd announced that third quarter net income increased 62 percent to $165 thousand from $102 thousand for the same period in 1997. ... Continue reading
IPSCO Inc. Announces Appointments of Senior Management
IPSCO Inc. announced a series of appointments at the senior management level of the company. ... Continue reading
IRL, BUSINESS: Invincible Sportswear Named Official Clothier of Pep Boys Indy Racing League
IRL, BUSINESS: Invincible Sportswear Named Official Clothier of Pep Boys Indy Racing League ... Continue reading
IRL: Pep Boys Indy Racing League Drivers Ready to Roll in Orlando
IRL: Pep Boys Indy Racing League Drivers Ready to Roll in Orlando ... Continue reading
IRL: Transworld Diversified Services Indy 200 at Walt Disney World Speedway Fast Facts
IRL: Transworld Diversified Services Indy 200 at Walt Disney World Speedway Fast Facts ... Continue reading
IRL: TransWorld Diversified Services Indy 200 At WDW, Schedule and Official Entry List
IRL: TransWorld Diversified Services Indy 200 At WDW, Schedule and Official Entry List ... Continue reading
Jacksonville-Area Toyota Car Sales Climb In December
Toyota's four Jacksonville-area dealers reported a 20-percent climb in December retail car sales over the year-ago month. ... Continue reading
Letter from Europe (01/13/99) ... Continue reading
LucasVarity Sets 50 Million ABS Milestone
LucasVarity plc announced that its Automotive Division has surpassed an industry milestone with the production of more than 50 million two-wheel and four-wheel anti-lock braking system (ABS) units. ... Continue reading
LucasVarity to Close Fenton Facility
The Automotive Division of LucasVarity plc announced plans to close later this year a Lucas Body Systems plant in Fenton, Mich. Employees are being informed of the plans this week. ... Continue reading
Motor Sports Chicago Rolls Into Chicago Just in Time for Winter Relief
Motor Sports Chicago, the Midwest's newest and most exciting custom car show, will roll into Chicago's Navy Pier on January 22, 23 and 24, 1999. ... Continue reading
Nationwide Introducing New Auto Discount in Utah
Nationwide Mutual Insurance Company and Nationwide Mutual Fire Insurance Company are introducing a five percent new household discount for Utah motorists in order to attract new customers. ... Continue reading
NPS International Polish Units Sign Multi Year Supply Contracts
NPS International Corp. announced that its wholly owned Polish subsidiaries, Metrix Metal and Metrix Tools, have each signed three year exclusive supply agreements with Metrix S.A. ... Continue reading
Orbital Consolidates US Operations
Orbital Engine Corporation Ltd. announced plans to consolidate all US operations into the Synerject facility at Newport News, Virginia. ... Continue reading
Porsche Files Lawsuit Against 130 Internet Domain Names
In an action taken to protect the Porsche name and trademark, Porsche AG and Porsche Cars North America have filed a lawsuit against approximately 130 Internet domain names that use the trademark Porsche or a variation of the trademark Porsche. ... Continue reading
Profile Systems Offers "4 Steps to Electronic Commerce" Brief
Profile Systems of West Springfield, Massachusetts is pleased to announce the availability of a brief executive overview outlining four steps to electronic commerce. ... Continue reading
RALLY: Ford Debuts Focus and McRae in Monte Carlo
RALLY: Ford Debuts Focus and McRae in Monte Carlo ... Continue reading
San Jose Auto Show Official Cites Strong Economy for Record Attendance
Officials of the San Jose International Auto Show have cited a strong economy as the primary reason for the rapid growth of the five-year-old exhibition of new vehicles and concept cars which concluded Jan. 10 with a new attendance record of 174,822. ... Continue reading
Simula Reports Orders and Options for the Fourth Quarter
Simula, Inc. announced that for the fourth quarter ended December 31, 1998 it received approximately $18 million in new firm orders and options for products in all three of its market segments. ... Continue reading
South Florida-Area Toyota Car Sales Climb In December
Toyota's 14 South Florida-area dealers reported a 10-percent climb in December retail car sales over the year-ago month. ... Continue reading
Steelworkers Launch International Corporate Campaign
The United Steelworkers of America (USWA) launched an international corporate campaign to protest German-owned Continental General Tire's violations of federal law in replacing 1,450 striking workers at its Charlotte plant. ... Continue reading
Tenneco and Ohlins Racing A.B. Announce Strategic Alliance
Tenneco Automotive and Ohlins Racing A.B. have announced the signing of a global technical agreement to jointly develop advanced, electronically controlled damping systems, which include shock absorbers and struts, for the auto industry. ... Continue reading
Top Source Reports Fiscal 1998 Results
Top Source Technologies, Inc. reported a loss of $5,852,382 or ($.21) per share for year ended September 30, 1998 compared to a loss of $3,235,316 or ($.12) per share for period ended September 30, 1997 (see accompanying table). ... Continue reading
TransTechnology Reports Increase in Net Income for Fiscal 1999 3Q
TransTechnology Corporation reported that net income for the fiscal year 1999 third quarter, which ended December 27, 1998, increased 16% to $3,643,000 from $3,153,000 for the same period last year. ... Continue reading
Turbodyne Technologies Inc. Makes Announcement
Turbodyne Technologies Inc. announced that it has made application to the British Columbia Securities Commission for an order that the company is deemed to have ceased to be a reporting issuer under the British Columbia Securities Act. ... Continue reading
UAW and Volvo Reach Tentative Agreement
The UAW and Volvo Trucks North America have reached tentative agreement on new contracts for UAW-represented production and maintenance workers and salaried employees at Volvo's New River Valley facility in Dublin, Virginia. ... Continue reading
Unitrode Accepts Resignation of Trapani as Chief Financial Officer
Unitrode Corporation announced that Cosmo S. Trapani, Executive Vice President and Chief Financial Officer, will be leaving the Company to pursue entrepreneurial interests. ... Continue reading
Volvo Finance Top Ranked Lease Provider for Third Year
For the third consecutive year, Volvo Finance North America, Inc. (Volvo Finance) was recently ranked highest among lease providers in Initial Lease Satisfaction, according to the J.D. Power and Associates 1998 Consumer Financing Satisfaction Study. ... Continue reading
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