Visteon Provides Preliminary 2008 Financial Data and Updates Restructuring and Other Actions
- Fourth quarter 2008 product sales estimated at $1.55 billion - 2008 year-end cash balances of $1.18 billion - Three-year improvement plan completed - Cost-reduction actions continue VAN BUREN TOWNSHIP, Mich., Jan. 13, 2009 -- Visteon Corporation , one of the world's leading suppliers of automotive components and inte ... Continue reading
2009 Detroit Auto Show: Audi, BMW, Cadillac Win EyesOn Design Honors
DETROIT, Jan. 13 -- The Audi R8 V10 and BMW Z4 took home "Design Excellence Awards" in the production category from the fourth annual EyesOn Design Awards at the North American International Auto Show, while the Audi Sportback Concept and the Cadillac ConverJ Concept won the top design honors in the concept category. T ... Continue reading
Navistar and Ford Motor Company Reach New Business Agreement
DEARBORN, Mich. & WARRENVILLE, Ill.--Ford Motor Company and Navistar International Corporation have reached an agreement to restructure their ongoing business relationship and settle all existing litigation between the companies. As a result of the agreement, the companies will end their current diesel engine supply ag ... Continue reading
YATES RACING AND HALL OF FAME RACING ANNOUCE ALIGNMENT IN NASCAR SPRINT CUP SERIES
CONCORD, N.C. January 13, 2009: Yates Racing and Hall of Fame Racing (HOF) announced today an alignment of their two teams. Under the agreement, Yates Racing will operate the No. 96 NASCAR Sprint Cup entry of Hall of Fame Racing for the full 2009 Sprint Cup schedule. Doug Yates and Max Jones will continue as co-owners ... Continue reading
Doran Racing Gains McDonald's Sponsorship
<b><i>Rolex Series team, McDonald's share common ground on and off the track</b></i> DAYTONA BEACH, Fla. January 13, 2009: Doran Racing will provide McDonald's with a new meaning to fast and quality service come the 2009 Grand-Am Rolex Sports Car Series presented by Crown Royal Cask No. 16 season, as the world's leadin ... Continue reading
INDYCAR SERIES NOTES - January 13, 2009
1. Will Power joins Team Penske: Penske Racing announced that driver Will Power will join the Team Penske IndyCar Series program in preparation for the 2009 racing season. Power, 27, a native of Toowoomba, Australia, will drive the No. 3 Team Penske Dallara/Honda during preseason test sessions. The balance of the year' ... Continue reading
The AutoWeek Editors' Choice Awards recognize Best in Show, Best Concept, Most Significant and Most Fun DETROIT, Jan. 13 -- The AutoWeek editorial staff announced today its 2009 North American International Auto Show Editors' Choice Award winners. (Logo: http://www.newscom.com/cgi-bin/prnh/20090113/CLTU102LOGO ) For mo ... Continue reading
Lofton Back On Board; Completes ESR 2009 Line Up
ESR Logo 5 FOR IMMEDIATE RELEASE: Lofton back on board; completes ESR 2009 line up DENVER, NC (January 13, 2009) - California native, Justin Lofton, returns for a full season at Eddie Sharp Racing behind the wheel of the Lofton Cattle Toyota. Lofton finished the 2008 ARCA RE/MAX Series Season with a top 15 championship ... Continue reading
EyesOn Design revealed the finalists for the "Best Concept Vehicle" and "Best Production Vehicle" awards before the Tuesday, January 13th award ceremony at the North American International Auto Show. The finalists are as follows: Audi R8 V10 Audi SportBack Concept BMW Z4 Cadillac ConverJ Concept Cadillac CTS Sport Wago ... Continue reading
Whelen Geoff Bodine Bobsled Challenge on TV
Lake Placid, NY January 13, 2009: SPEED TV will televise four hours of the fourth annual Whelen Geoff Bodine Bobsled Challenge from Mount Van Hoevenberg in Lake Placid, N.Y., beginning at noon, Jan. 18, and at 2 p.m., Jan. 25. Catch Jeg Coughlin Jr.'s dominating opening day, Morgan Lucas' win in the NASCAR versus NHRA ... Continue reading
Team Dakar USA Stage 9 Update: La Serena to Copiapo
Copiapo, Chile January 12, 2009: Stage 9 was another true test for the Dakar Rally competitors, travelling through numerous terrain changes to reach the finish line in Copiapo. Due to the difficulty of the soft sand landscape at the end of todayâs stage, the A.S.O. decided to once again shorten the stage by 20 kil ... Continue reading
SHARP, HENZLER COLLECT AARWBA HONORS
Henzler: "The American Le Mans Series provided the ideal platform for car companies to show off their latest technology." Wolf Henzler and Scott Sharp received their honors over the weekend as First Team All-America members at the 39th annual Auto Racing Banquet in Ontario, Calif. Both were honored by the American Auto ... Continue reading
Renault Launches 'National Van Week'
The January sales are already in full flow, so Renault are pleased to now let van buyers get in on the act, with the launch of 'National Van Week'. Originally planned to run from 16th January for seven days, Van Week has now been extended to give customers more opportunity to see the New Kangoo Van range and also benef ... Continue reading
Michael Waltrip Racing Speeds Up Waterjet Cutting with 90,000 PSI Jet Edge X-Stream Waterjet Pump
NASCAR Team Waterjet Cuts 250 Parts for Each Racecar CORNELIUS, N.C., Jan. 13 -- Michael Waltrip Racing (MWR) has installed a 90,000 psi Jet Edge X-Stream xP90-100 waterjet intensifier pump at its fabrication shop in Cornelius, N.C. The pump will power MWR's Jet Edge waterjet cutting system, which it uses to make parts ... Continue reading
Brabham Stars at Autosport International
Press Release Date: Tuesday 13 January 2009 Brabham Stars at Autosport International Sportscar legend David Brabham seized a rare opportunity to meet his British fans at Europeâs biggest motorsport show, Autosport International, held at the NEC Birmingham (UK) 8-11 January. The British-born Australian double Le Ma ... Continue reading
Will Power Joins Team Penske's IndyCar Series Team
For Immediate Release Contact: Bud Denker <mailto:jonathan.gibson@penskeracing.com> bud.denker@penskecorp.com (248) 648-2580 WILL POWER JOINS TEAM PENSKE'S INDYCAR SERIES TEAM MOORESVILLE, N.C. (January 13, 2009) - Penske Racing announced today that driver Will Power will join the Team Penske IndyCar Series program in ... Continue reading
Oshkosh Corporation to Announce First Quarter Earnings January 29, 2009
OSHKOSH, Wis.--Oshkosh Corporation , a leading manufacturer of specialty vehicles and vehicle bodies, will issue its first quarter fiscal 2009 financial results on January 29, 2009. The results will be discussed on a webcast beginning at 9:00 a.m. ET. To access the webcast, investors should go to www.oshkoshcorporation ... Continue reading
BorgWarner Powers 2009 Car and Truck of the Year Award Winners
AUBURN HILLS, Mich., Jan. 13 -- BorgWarner technology powers car and truck of the year award winners announced during the North American International Auto Show press preview over the weekend. The prestigious media award, the 2009 North American Car and Truck of the Year, went to the Hyundai Genesis and Ford F150, resp ... Continue reading
Company's product is reconfigurable and lets drivers manage information to achieve maximum fuel efficiency PLYMOUTH, Mich., Jan. 13 -- Officials at Johnson Controls today announced that the company will supply the all-new SmartGauge with EcoGuide product for vehicles produced by Ford Motor Company. This innovative, rec ... Continue reading
MILWAUKEE, Jan. 13 -- Johnson Controls-Saft and Azure Dynamics Inc (AZD) today announced a new supply agreement that will provide some of the world's most advanced lithium-ion (Li-Ion) hybrid battery technology to power commercial vehicles in North America. The five-year supply agreement signals progress in the develop ... Continue reading
Valence Announces 200,000 Battery Shipment Milestone
AUSTIN, Texas--Valence Technology, Inc. , an international manufacturer and supplier of safe lithium phosphate energy storage solutions, today celebrated an important company milestone â 200,000 Valence batteries shipped since 2005. In this time, Valenceâs battery solutions have provided 70 MWh of clean power ... Continue reading
SORL Auto Parts Provides Business Update
ZHEJIANG, China, Jan. 13 /PRNewswire-Asia-FirstCall/ -- SORL Auto Parts, Inc. , a leading manufacturer and distributor of commercial vehicle air brake valves and other auto parts in China, today provided a business update and commented on the outlook for 2009. Worldwide economic conditions have caused a slowdown in the ... Continue reading
Cummins Announces Further Workforce Reductions in Response to Global Recession
COLUMBUS, Ind.--Cummins Inc. announced today that it will reduce its permanent professional workforce worldwide by at least 800 employees by the end of February and freeze salaries for the year. As part of the latest reductions, the Company will offer a second voluntary retirement package to certain active professional ... Continue reading
BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) (Stock Code: 1114) RESULTS OF SPECIAL GENERAL MEETING HELD ON 13TH JANUARY, 2009 HONG KONG, Jan. 13 /PRNewswire-Asia-FirstCall/ -- The Board is pleased to announce that the Ordinary Resolutions relating to the Subscription Agr ... Continue reading
Union Leader Vows Every Support for Jaguar Land Rover Workers
LONDON, January 13 -- Derek Simpson, joint leader of Unite, will meet Jaguar Land Rover workers at the car manufacturer's Castle Bromwich and Solihull plants today (January 13th), where he will tell the workers that Unite will be doing everything in its power to support manufacturing workers during the financial downtu ... Continue reading
Geely, Yulon To Jointly Sell Panda Car In Taiwan
Geely, Yulon to jointly sell Panda car in Taiwan http://www.gasgoo.com/auto-news/1009044/Geely-Yulon-to-jointly-sell-Pan da-ca r-in-Taiwan.html Shanghai, January 13 (Gasgoo.com) Geely Auto Holdings Group, mainland China's top private automaker will cooperate with Taiwan's largest automaker Yulon Motor Co, to build "Pan ... Continue reading
Beijing Auto In Talks To Buy Chery Technologies
Beijing Auto in talks to buy Chery technologies http://www.gasgoo.com/auto-news/1009049/Beijing-Auto-in-talks-to-buy-Ch ery-t echnologies.html Shanghai, January 13 (Gasgoo.com) Beijing Automotive Industry Corp (BAIC) is in negotiations with Chery Automobile to buy two units of Chery's self-developed B-segment car model ... Continue reading
SKF To Supply Fuwa With Trailer Axle Seals
SKF to supply Fuwa with trailer axle seals http://www.gasgoo.com/auto-news/1009045/SKF-to-supply-Fuwa-with-trailer -axle -seals.html Shanghai, January 13 (Gasgoo.com) After competing with global companies and domestic Chinese suppliers, Swedish bearing-maker SKF was recently awarded a contract for supplying seals for t ... Continue reading
Credit Crunch? Downsize With Daihatsu
With the credit crunch biting hard and ever-rising motoring costs, larger luxury cars are the biggest losers in the current car marketplace. But with Daihatsu's fabulously frugal, fun-packed range of vehicles, there's never been a better time to "Downsize with Daihatsu". ... Continue reading
Motorhomes Talent Dances For Joy As John Sergeant Hands Over Awards
Directors and staff at Romahome, the South's only motorhome manufacturer, are dancing with joy after receiving two top industry awards from none other than John Sergeant. ... Continue reading
Chrysler ENVI - Plugged into the World
With its rapidly growing portfolio of ENVI-powered electric vehicles, Chrysler LLC is inspiring a personal mobility revolution, creating a new generation of responsible, no-compromise Chrysler, Dodge and Jeep vehicles for consumers who care about the planet's future and want to take care of it. ... Continue reading
FOR GOD'S SAKE, PLEASE STOP "HELPING" US!
<b><i>By Rick Carlton - PRRACEwire for The Auto Channel</b></i> <P> <i>The National Safety Council today called on motorists to stop using cell phones and messaging devices while driving,and is urging businesses to enact policies prohibiting in all 50 states and the District of Columbia to pass laws banning the behavio ... Continue reading
Parker's Reveals Slowest Depreciating Car Of 2008 - The Toyota Aygo
In its annual depreciation report, Parker's compared last January's new prices with what an owner could expect to get if they sold privately now. A buyer who got their hands on an Toyota Aygo last year will now have lost just £1515 over 12 months - the equivalent of just £4 per day. ... Continue reading
Mahindra & Mahindra Ltd. (M&M), India's undisputed market leader in utility vehicles, today unveiled the eagerly awaited Mahindra XYLO at its Nashik plant. The XYLO is perhaps the most complete car with luxury comforts to enter the Indian market with everything that today's sedans offer and much more. ... Continue reading
2009 Detroit Auto Show: GM Plays Brand Favorites
Most of the marketing money and new vehicles are going to Chevrolet, Cadillac, Buick, and GMC, while weaker brands starve By Deroit Auto Show, January 13, 2009; David Welch writing for BusisnessWeek reported that when you ask a General Motors (GM) executive about the company's plans to wind down four of its eight vehic ... Continue reading
Michigan's Governor Says US Should Invest More in R&D For Auto-related Alternative Energy Technology
EAST LANSING, Mich. January 13, 2009; The AP reported that Michigan Gov. Jennifer Granholm says the federal government needs to invest more in research and development for auto-related alternative energy technologies such as the batteries for electric cars. The Democrat discussed the need Tuesday morning from East Lans ... Continue reading
2009 Detroit Auto Show: EV Startup Companies Compete With The Big Boys
Selling luxury and electric-drive, startups seek to capitalize on push for green cars DETROIT January 13, 2009; Ken Thomas writing for the AP eported that several startup automakers are in hot pursuit of electric-powered vehicles, but they face an uphill road as they challenge major car companies like Toyota and Genera ... Continue reading
Ford Work Solutions Combats Tool Theft With Innovative Tool Link, Cable Lock Features
Wrenches, jigsaws, heavy-duty hammers - tools of the trade for those in the construction industry - are invaluable, portable, and a frequent target of thieves. A 2007 survey by Builder magazine indicates how widespread the problem is. Ninetypercent of respondents said they had been victims of some type of jobsite theft ... Continue reading
Citroën Resists And Strengthens Its Assets In 2008
In Western Europe, in a market that contracted sharply (-8.8%), Citroën's market share was stable at 6.5%, with a 0.3-point acceleration in the last quarter. Citroën confirmed its leadership position in the compact MPV segment with the C4 Picasso. The new C5, launched in April for the saloon version and in June for t ... Continue reading
World Wide Record Year For Maserati - Again!
Hard on the heels of the announcement that Maserati was the fastest growing car brand in Australia during 2008, the legendary Italian car maker has announced that it has had second consecutive record breaking year worldwide. ... Continue reading
Transit Test Drive Puts Coventry Man On The Ultimate Trip To Rome
Coventry man, Ricky Fincher, 'struck gold' in September when he test drove a short wheelbase Ford Transit at his local dealership, Paynes of Hinckley. He and five relatives are now off to the UEFA Champions League Final in Rome in May. ... Continue reading
Saturn Hybrids Drive 'The Road to Change' to the Presidential Inauguration
A caravan of Saturn Vue 2-Mode Hybrids departs today from the North American International Auto Show in Detroit bound for the upcoming presidential inauguration in Washington, D.C. ... Continue reading
Ferrari Funds 6 Study Grants For Research Activities
As part of its own initiatives for the development, support and enhancement of capable young people, Ferrari decided to fund six study grants of 25,000 euros to be awarded by means of an international competition to young graduates/ graduating students in Engineering, Physics, Architecture and Human Factors for the con ... Continue reading
BMW Group: Moderate 4.3% Decrease In Sales For 2008
In view of the global financial and economic crisis the BMW Group was, as expected, unable to match the previous year's record earnings in its sales figures for 2008 as a whole. Nevertheless, the company reported only a moderate decrease of 4.3% from 2007's high level. ... Continue reading
Land Rover Takes The Boat Show By Storm
As the official vehicle sponsor, Land Rover will be showcasing the new Range Rover Sport 'Stormer Edition' together with the latest line-up of vehicles at The London International Boat Show this week. ... Continue reading
Skoda Auto's Sales Grew By 7.1% In 2008
Compared with 2007, Skoda Auto's total sales grew by 7.1 % and reached 674,530 vehicles, a new record in the history of the Czech Republic's largest car manufacturer. Considering the impact of the financial crisis in the second half of 2008, this is an excellent result. The Company's sales grew primarily thanks to the ... Continue reading
2009 Detroit Auto Show - Thoughts From "Our" Optimist
DETROIT AUTO SHOW The Views of an Optimist By Steve Purdy TheAutoChannel.com Detroit Bureau I canât tell you how many times Iâve been asked my opinion about the likelihood of survival for the Detroit Three automakers. (Youâll no doubt notice that we no longer talk about the Big Three, since Chrysler hasn ... Continue reading
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