Cadillac Ranks Highest in New-Vehicle Sales Satisfaction WESTLAKE VILLAGE, Calif., Aug. 13 -- More than one-fourth of the people who walked out of a new-vehicle dealership without buying said they did so mainly because they didn't like the way the salesperson handled their business, according to the J.D. Power and Asso ... Continue reading
Aftermarket Business: AutoZone - Confrontation or Collaboration?
MEMPHIS, Tenn.--Aug. 13, 2003-- After months of silence, AutoZone agrees to openly discuss one of the most controversial topics facing today's automotive aftermarket. It's been eight months since AutoZone surprised the aftermarket with its intentions to adopt a process called Pay-On-Scan (POS). Questions remain about t ... Continue reading
CANTON, Miss.--Aug. 13, 2003--Nissan North America produced its first full-size Pathfinder Armada sport-utility vehicle today at the company's Canton, Mississippi, assembly plant, 10 days ahead of schedule, in what Senior Vice President for U.S. Manufacturing Dan Gaudette called a testament to employees' hard work and ... Continue reading
Auto Affordability: 20 Weeks Work For Working Family - Remains Stable -Comerica Bank Reports
DETROIT, Aug. 13 -- The purchase of an average- priced new vehicle during the second quarter of 2003 took 20 weeks of median family income, before taxes, according to the Auto Affordability Index compiled by Detroit-based Comerica Bank. This is unchanged from the prior two quarters. (Logo: http://www.newscom.com/cgi-bi ... Continue reading
Solectron Receives Automotive Quality Certification at Sites in Canada, Europe and Mexico
MILPITAS, Calif.--Aug. 13, 2003--Solectron Corporation , a leading provider of electronics manufacturing and supply-chain management services, said today it has received the ISO/TS 16949 certification, an internationally recognized automotive quality standard, at its sites in Scarborough, Canada, Herrenberg, Germany, G ... Continue reading
Amerigon Reports 2003 Second Quarter, Six-Month Results
Continued Strong Year-Over-Year Revenue Growth; Losses Narrow; Ford on Track to Meet 2003 Value Participation Agreement Goals DEARBORN, Mich., Aug. 13 -- Amerigon Incorporated today announced results for its second quarter and first six months ended June 30, 2003. For the 2003 second quarter, revenue doubled compared t ... Continue reading
Auto Data Network Announces Closing of Series A Financing
TUNBRIDGE WELLS, U.K.--Aug. 13, 2003--Auto Data Network Inc. (OTCBB: ADNW) "Closing of $4 million Series A Financing to Complete Strategic Acquisitions and Expand Operations in the Valuable North American Automotive Aftermarket Industry" Auto Data Network Inc. (OTCBB: ADNW), a provider of software and real-time data se ... Continue reading
Automotive Supplier Meets Target of Reducing Financial Close Process With Hyperion Software
Business Performance Management Software to Streamline Financial Reporting by 21 Days, Lead to Competitive Edge SUNNYVALE, Calif., Aug. 13 -- DENSO International America has selected Hyperion Business Performance Management software to meet its goal of reducing the financial consolidation and reporting cycle. As the No ... Continue reading
LONDON, Aug. 13 -- Auto-Q International Inc., (BULLETIN BOARD: AUTQ) , a leading provider of vehicle tracking and monitoring systems for trucking fleets and consumers, today reported financial results for the third quarter and nine months of fiscal 2003 ended June 30, 2003. Auto-Q International Inc. completed its third ... Continue reading
LOS ANGELES--Aug. 13, 2003--The Chrysler Million Dollar Film Festival (Chrysler MDFF) wrapped its final phase, the Feature Film Competition, last week in Los Angeles as five finalists finished production of their competing projects, vying for a $1 million feature film production deal courtesy of Chrysler, Hypnotic and ... Continue reading
WAYNE, Mich., Aug. 13 -- Jack Demmer Ford celebrates summer with a Hawaiian Luau, pig roast and major sales event. What: Two-day Hawaiian Luau, sales event, pig roast and limbo contest When: Wednesday, Aug. 13, 10:00 a.m. - 6:00 p.m. Thursday, Aug. 14, 10:00 a.m. - 9:00 p.m. Where: Jack Demmer Ford, 37300 Michigan Ave. ... Continue reading
Jeff Mandelbaum Joins the Sun Hill Software Team as a Strategic Advisor
Veteran Technology Executive Joins Advisory Board SCOTTSDALE, Ariz., Aug. 13 -- Jeff Mandelbaum, an accomplished high-technology executive, who has played key roles in the growth of industry leaders Real Networks, Commerce One, and Sybase, Inc., has chosen to be a strategic advisor for Sun Hill Software. In this role, ... Continue reading
MUNICH, Germany & HSINCHU, Taiwan--Aug. 13, 2003--Infineon Technologies AG (FWB:IFX), the world's six-largest semiconductor manufacturer, today announced that it has signed an agreement with United Epitaxy Company (UEC), Taiwan, to set up a joint venture for the manufacturing and development of fiber optics components. ... Continue reading
MSC.Software Unveils Keynote Speakers for North American Virtual Product Development Conference
Industry Leaders to Share How Their Organizations are Using VPD to Develop the Next Generation of Innovative Products SANTA ANA, Calif., Aug. 13 -- MSC.Software Corp. , the leading global provider of virtual product development (VPD) products including simulation software and services, today announced the keynote speak ... Continue reading
Solectron Receives Automotive Quality Certification at Sites in Germany and Romania
MILPITAS, Calif.--Aug. 13, 2003--Solectron Corporation , a leading provider of electronics manufacturing and supply-chain management services, said today it has received the ISO/TS 16949 certification, an internationally recognized automotive quality standard, at its sites in Herrenberg, Germany, and Timisoara, Romania ... Continue reading
Sonic Automotive Calls 11% Senior Subordinated Notes
CHARLOTTE, N.C., Aug. 13 -- Sonic Automotive, Inc. announced today that it is calling all of its outstanding 11% Senior Subordinated Notes due 2008 for redemption on September 10, 2003. The Notes will be redeemed at a redemption price of $1,055 per $1,000 face amount plus accrued and unpaid interest through September 9 ... Continue reading
Sonic Automotive Completes Private Offering of $200 Million in Senior Subordinated Notes
CHARLOTTE, N.C., Aug. 13 -- Sonic Automotive, Inc. announced today that it completed the previously announced private placement of $200 million of a new issue of 8 5/8% senior subordinated notes due 2013 to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Act"), an ... Continue reading
Symyx Technologies Licenses Sensor Technology to Hella KG for Automotive Applications
SANTA CLARA, Calif.--Aug. 13, 2003--Symyx Technologies, Inc. today announced the license of sensor technologies to Hella KG Hueck and Co. for use in automotive motor oil testing. These sensor technologies are based on the use of solid state micro-mechanical resonators to rapidly measure important properties of lubrican ... Continue reading
Torvec's IVT Exceeds Industry Standards and Expectations; Ice Technology Funded
ROCHESTER, N.Y., Aug. 13 -- Torvec, Inc. (BULLETIN BOARD: TOVC.OB) announced today Torvec announced today that actual, real world test results performed to date for its Infinitely Variable Transmission (IVT) have demonstrated that the IVT exceeds existing industry standards and management's expectations. "We are deligh ... Continue reading
Street Performances Friday 3-7 p.m. & Saturday 10 a.m.-4 p.m. 355 South Old Woodward at Brown Street Downtown Birmingham Members of the Media Invited to Ride A Segway ... ROCHESTER, Mich., Aug. 13 -- VIA Information Tools, a Rochester, Michigan software company serving the auto industry will utilize a unique form of tr ... Continue reading
ATA's Road Team Takes Safe Driving Message to Seniors
ALEXANDRIA, Va.--Aug. 13, 2003--The professional truck drivers of America's Road Team, the million mile, accident free team of trucking industry ambassadors sponsored by the American Trucking Associations (ATA) and Volvo Trucks, are heading from their cabs to the classroom in a new effort to help a special group of fel ... Continue reading
Graham Packaging Reports Operating Income Up 3% on $24.7 Million Gain in Net Sales For 2nd Quarter
YORK, Pa., Aug. 13 -- Graham Packaging Holdings Company, parent company of Graham Packaging Company, L.P., today reported a 3 percent gain in operating income for the second quarter of 2003, compared to the second quarter of last year. Chief Financial Officer John E. Hamilton said operating income was $35.9 million for ... Continue reading
Hickok Incorporated Reports Third Quarter and Nine Month Results
CLEVELAND, Aug. 13 -- Hickok Incorporated , a Cleveland based supplier of products and services for automotive, locomotive, and aircraft industries, today reported results for the third quarter and nine months ended June 30, 2003. For the quarter ended June 30, 2003, the Company recorded a net loss of $153,753 or 13 ce ... Continue reading
Mirenco Appoints 2 New Directors To Board
RADCLIFFE, Iowa--Aug. 13, 2003--Mirenco, Inc., (OTCBB:MREO) is pleased to announce the appointment of two new members to Mirenco's board of directors. Merlin "Mert" Hanson was appointed to fill the unexpired term of the late Greg DeJong, who died in a helicopter crash this summer. Rich Musal, the current chief financia ... Continue reading
Raytech Corporation Announces Second Quarter Results for 2003
SHELTON, Conn.--Aug. 13, 2003--Raytech Corporation today announced a net loss for the thirteen-week period ended June 29, 2003 amounting to $1.5 million or $.04 loss per basic share as compared to net income of $1.1 million or $.03 per basic share for the same period in the prior year. Raytech recorded a net loss of $1 ... Continue reading
JOHANNESBURG, South Africa--Aug. 13, 2003--TrenStar, Inc.'s South African affiliate TrenStar SA and DNA Supply Chains Limited are partnering to manage parts and accessories (P&A) distribution for 85 South Africa Ford Motor Company dealerships. To enhance DNA's national aftermarket distribution program for Ford, TrenSta ... Continue reading
X- Ford Europe's Leach To Fiat Head?
MILAN, Aug 13, 2003; Reuters reported that Fiat is expected to hire Martin Leach, who this week quit his post as Ford Europe president and chief operating officer, to head Fiat Auto, two Italian newspapers reported on Wednesday. Il Giornale quoted an unnamed source as saying Fiat Chief Executive Giuseppe Morchio had be ... Continue reading
Urban Science: Branding kann Produktivität von Vertriebsnetzen gefährden
Frankfurt, Deutschland, 13. August -- Dass Autohersteller von ihren Händlern umfangreiche Investitionen in Corporate-Identity-Standards verlangen, mag mehr Schaden anrichten als nutzen. Zu diesem Schluss kamen Experten, die an einem von Urban Science Inc. in Frankfurt veranstalteten runden Tisch teilnahmen. Laut einer ... Continue reading
UAW Announces Partnership Agreement With Dana
DETROIT, Aug. 13 -- The UAW announced today that it has reached a partnership agreement with Dana Corp., a leading auto parts maker. "We're looking forward to a positive partnership with Dana," said UAW President Ron Gettelfinger. "Corporate officers at Dana have shown tremendous leadership in developing a proactive st ... Continue reading
WARRENDALE, Pa., Aug. 13 -- Two-stroke engines are small, powerful, and inexpensive. Four-stroke engines are durable, easy to start, and produce fewer emissions. Diesel engines are simple and can last a lifetime with proper maintenance and care. Advances in small engine technology have yielded a plethora of choices to ... Continue reading
ZAP Scooter Deliveries Redefine 'Fast Food'
SANTA ROSA, Calif., Aug. 13 -- Santa Rosa, California restaurateur Guy Fieri is as used to fresh ideas as he is to fresh ingredients. So, when electric scooter maker ZAP (BULLETIN BOARD: ZAPZ) moved in next door to his new restaurant, the creative juices started flowing. Fieri is one of the founders of Johnny Garlic's ... Continue reading
ASC Design Guru Mark Trostle to Discuss History and Future of Specialty Cars At The Bosco restaurant in Ferndale on Thursday, August 14 WHO: Mark Trostle, president of Creative Services at ASC Incorporated, will be addressing the Detroit Chapter of the Industrial Designers Society of America (IDSA). The IDSA is a natio ... Continue reading
ANAHEIM, Calif.--Aug. 13, 2003--Iteris Inc., a subsidiary of Odetics Inc. (OTC BB:ODETA), today acknowledged the American Automobile Association's (AAA) recent findings on driver distractions and announced the only available solution. It is the automotive industry's first-ever, mass-produced Lane Departure Warning Syst ... Continue reading
Tower Automotive Chief Financial Officer Resigns
GRAND RAPIDS, Mich.--Aug. 13, 2003--Tower Automotive, Inc. today announced that Ernie Thomas has resigned, effective today, as chief financial officer of the company. Thomas joined Tower as CFO in November 2002. "We appreciate the contributions that Ernie has made during his time with us," said Dug Campbell, president ... Continue reading
Redline Performance Products Reports First Quarter Results
SAN DIEGO and MINNEAPOLIS--Aug. 13, 2003--Redline Performance Products, Inc. ("Redline(TM)" or "the Company") (AMEX: RED) today announced financial results for its fiscal 2004 first quarter ended June 30, 2003 (see attached tables). As a development stage Company, Redline reported no revenues for the three-month period ... Continue reading
Paul O'Neill Joins TRW Automotive Board of Directors
LIVONIA, Mich., Aug. 13 -- TRW Automotive today announced the election of Paul H. O'Neill to the company's board of directors. The appointment is effective immediately and increases the number of TRW Automotive directors to 7. (Logo: http://www.newscom.com/cgi-bin/prnh/20010824/TRWLOGO ) Mr. O'Neill, 67, served as U.S. ... Continue reading
Dana Corporation Reaches Partnership Agreement With UAW
Pact Represents Cooperative Approach to Maximizing Dana's Competitive Capability TOLEDO, Ohio, Aug. 13 -- Dana Corporation today announced that it has entered into a partnership agreement with the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW). The agreement is exp ... Continue reading
Scelzi Ready to Tackle Brainerd for Another Funny Car Win
DON SCHUMACHER RACING NHRA POWERade DRAG RACING SERIES NO. 16 OF 23 BRAINERD (MINN.) INTERNATIONAL RACEWAY RUGGED LINER NHRA NATIONALS RACE DATE: AUG. 15-17 Contact: Judy Stropus 203-438-0501, cell 203-243-2438 WITH FIRST FUNNY CAR WIN UNDER HIS BELT, SCELZI IS READY TO TACKLE BRAINERD BRAINERD, Minn. (Aug. 13, 2003) - ... Continue reading
Chevy to Race New IRL Engine in Kentucky
Contact: Rick Voegelin rickvoegelin@compuserve.com GM Racing Communications (831) 761-2201 http://media.gm.com/gmracing Bowtie Bullet Points: Chevrolet Notes for the IRL Belterra Casino Indy 300 Kentucky Speedway Round 12 of 16, Indy Racing League IndyCar Series Sunday, Aug. 17, 2 p.m. EDT * Chevrolet Teams to Race Gen ... Continue reading
Gas Prices Up in Illinois and Northern Indiana, AAA Says
AURORA, Ill., Aug. 13 -- Gas prices have increased an average of more than 6 cents in Illinois and Northern Indiana during the past month. According to AAA Chicago's most recent fuel gauge report, the average price of regular unleaded gasoline in Illinois now averages $1.63 per gallon, which is up 6 cents from this tim ... Continue reading
AAA Texas Monthly Fuel Gauge Report; Pump Prices Move Higher
HOUSTON--Aug. 13, 2003--Higher crude oil prices have prompted price increases at the pumps, according to the AAA Texas Monthly Fuel Gauge Report. Statewide, the price for a gallon of regular self-serve gasoline is averaging $1.48, up about six cents since a month ago. Last year at this time, gas prices were averaging $ ... Continue reading
Mobil 1 Selected as Factory Fill for Mitsubishi Lancer Evolution VIII
FAIRFAX, Va.--Aug. 13, 2003-- World's Leading Synthetic Motor Oil Also Featured in Lancer Evolution PitPass Maintenance Program ExxonMobil today announced that Mobil 1 with SuperSyn has been selected as original equipment (factory fill) for Mitsubishi Motors' 2003 Lancer Evolution VIII. The fully synthetic motor oil wi ... Continue reading
Arctic Cat Names Christopher A. Twomey Chairman of Board
THIEF RIVER FALLS, Minn.--Aug. 13, 2003--Arctic Cat Inc. today announced that its board of directors elected chief executive officer Christopher A. Twomey to the position of chairman of the board, effective immediately. Twomey succeeds William J. Ness, who retired as board chair and now serves as vice chairman of the b ... Continue reading
Electric Cars Alive and Well at ZAP
SANTA ROSA, Calif., Aug. 12 -- Some call it the most advanced automobile to ever come off an assembly line. However, today Oakland resident Mitch Ferris is driving his GM EV1 electric car for the last time, dropping it off at the local Saturn dealership under GM's electric car recall. He's sad, but hopes to keep drivin ... Continue reading
Michelin Teams With Bosch to Add Diesel Expertise To Challenge Bibendum(TM) Line Up
Robert Bosch Corp. will showcase 10 clean-diesel vehicles at annual environmental event GREENVILLE, S.C., Aug. 12 -- Michelin announced today that Robert Bosch Corporation and Michelin will be working together to add an educational diesel component to the 2003 Challenge Bibendum(TM). "Michelin's fifth annual Challenge ... Continue reading
IRVINE, Calif.--Aug. 12, 2003-- Subaru.com to Feature AIC Cross-Comparison Solution for Fifth Year Autobytel Inc.'s Automotive Information Center (AIC) has announced that Subaru of America, the U.S. importer and distributor of Subaru vehicles, has renewed its license to feature AIC's leading vehicle data and cross-comp ... Continue reading
General Motors Launches Online PhotoStore
General Motors Partners with Getty Images to Create the Official Online Photo Source for Contemporary and Historical Automotive Imagery DETROIT and SEATTLE, Aug. 12 -- General Motors Corp. is teaming with Getty Images to launch GM PhotoStore, the official online photo source for images from the world's largest vehicle ... Continue reading
DECHERD, Tenn.--Aug. 12, 2003--Nissan's entrance into the full-size automotive markets took a big step today as the first Nissan Endurance V8 engine was launched at the car maker's newly expanded engine plant in Decherd, Tennessee. The new 5.6-liter, 32-valve DOHC V8 will be placed first into the new full-size Nissan P ... Continue reading
Back to School Wisdom - Volvo Cars of North America
Q: What instantly turns 60 pounds into 2,700 pounds? A: A 30-mph crash. ROCKLEIGH, N.J., Aug. 12 -- Force = Mass x Acceleration. While that maybe an oversimplification, the fact is the laws of physics are unyielding. Imagine this: A 60 pound unbelted child in the back seat of a car traveling at a mere 30 miles per hour ... Continue reading
PRIMEDIA Promotes Steven Rousseau To Group Publisher of the Consumer Automotive Titles
DETROIT, Aug. 12 -- PRIMEDIA Inc. , the leading targeted media company, announced today that Steven Rousseau, 42, has been promoted to Group Publisher of PRIMEDIA's consumer automotive titles: MOTOR TREND, AUTOMOBILE MAGAZINE and TRUCK TREND. Rousseau was formerly Regional Vice President and Managing Director for Adver ... Continue reading
iDriveonline Receives $1 Million in Funding for Expansion
HOUSTON, Aug. 12 -- iDriveonline, Inc. ("iDrive"), announced today that it has secured capital funding in excess of $1 million from Main Street Mezzanine Fund, LP ("Main Street") of Houston, marking a big leap forward for the regional firm to grow nationally as a leading provider of end- to-end marketing and customer r ... Continue reading
POINTS OF NO CONCERN FOR GORDON AT MICHIGAN
FOR IMMEDIATE RELEASE FURTHER INFO: Jon Edwards Performance PR Plus (704) 377-8727 Pprplus50@aol.com POINTS OF NO CONCERN FOR GORDON AT MICHIGAN BROOKLYN, Mich. - Jeff Gordon may sit third in the NASCAR Winston Cup Series points standings, but he is not thinking about points as the series visits Michigan International ... Continue reading
ATLANTA, Aug. 12 -- Keeping a promise to America's Porsche owners and racing fans made in 2001, Porsche Cars North America, in conjunction with Brian Redman and his Intercontinental Events, Inc., today announced Porsche Rennsport Reunion II, to be held April 23-25, 2004, at historic Daytona International Speedway in Fl ... Continue reading
Cummins Westport announces new engine technology development program
VANCOUVER, Aug. 12 -- Cummins Westport Inc. (CWI) reported today that South Coast Air Quality Management District (SCAQMD) and Cummins have signed an agreement to develop key technology that could allow CWI's mid-range natural gas engines to meet US EPA 2010 emissions standards years ahead of the regulatory schedule. T ... Continue reading
AutoCorp & Pacific Auto Group Complete Merger Transaction
FRISCO, Texas, Aug. 12 -- AutoCorp Equities, Inc. (BULLETIN BOARD: ACOR) announced today that it has satisfied all of the terms and conditions of the proposed merger with Pacific Auto Group and the transaction has been finalized. The merger will provide AutoCorp's two subsidiaries, American Finance Company (AFCO) and A ... Continue reading
Branding May Threaten Productivity of Retail Networks, According to Urban Science
FRANKFURT, Germany, Aug. 12 -- Requirements by automakers that dealerships in Europe invest heavily in corporate identity standards may be doing more harm than good, according to experts who participated in a roundtable conducted in Frankfurt, Germany, by Urban Science Inc. A study commissioned by Urban Science and con ... Continue reading
CHARLOTTE, N.C.--Aug. 12, 2003--American Tire Distributors, Inc., a nationwide distributor of tires, wheels and automotive accessories, today announced its operating results for the quarter ended June 28, 2003. The Company's second quarter net income increased to $4.4 million from $1.9 million in the second quarter of ... Continue reading
Takagi-Barron Kentucky Pre-Race Notes/Quotes
Contact: Laz Denes, 256-657-6190 ldenes@monunnracing.com www.monunnracing.com media information Barron, Takagi Head to Kentucky, Scene of Giaffone's 2002 Victory Pre-Race Notes/Quotes - Belterra Casino Indy 300 - Aug. 16-17, 2003 Kentucky Speedway - Sparta, Ky. - 1.5-Mile Tri-Oval Round 12 of 16 on the 2003 IRL IndyCar ... Continue reading
Clarion Reports Net Income of $754,000 for Second Quarter
GRAND RAPIDS, Mich., Aug. 12 -- Clarion Technologies, Inc. (BULLETIN BOARD: CLAR) today announced financial results for the fiscal period ended June 28, 2003. Clarion's 2003 sales for the period were $25.48 million versus $22.21 million in 2002, a 15% increase in revenues. Clarion's net income from continuing operation ... Continue reading
Microtune Announces New CEO, COO and CFO
PLANO, Texas--Aug. 12, 2003--Microtune(R), Inc. (Pink Sheets:TUNE) today announced a new executive management team, bringing quality leadership and veteran experience to the Company's executive ranks. At the request of the Board of Directors, James A. Fontaine has returned to the Company, assuming the position of Chief ... Continue reading
LOS ANGELES--Aug. 12, 2003--While the average price of gasoline in Southern California dropped again compared to last month, the trend is being reversed due to recent concerns over the availability of Iraqi oil and tight gasoline inventories in the United States. In addition, a pipeline shutdown last Friday between Pho ... Continue reading
Average Gas Prices Rise 6.3 Cents Since Mid-July, AAA Reports
ORLANDO, Fla.--Aug. 12, 2003--The average price of self-serve regular gasoline has increased 6.3 cents since mid-July to $1.566 cents per gallon, according to AAA's daily online Fuel Gauge Report (www.fuelgaugereport.com). This is the highest mid-August average recorded by AAA, topping the $1.496 average of mid-August ... Continue reading
AAA Reports National Gas Prices Up 6.3 Cents Since Mid-July
MINNEAPOLIS, Aug. 12 -- The nationwide average price of self- serve, regular unleaded gasoline has increased 6.3 cents since mid-July, jumping from $1.503 to $1.566 per gallon. "These higher pump prices can be attributed to higher crude oil costs (currently around $32 per barrel), decreased fuel imports from Europe bec ... Continue reading
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