FORT LAUDERDALE, Fla., Jan. 14 -- AutoNation, Inc. , America's largest automotive retailer, announced today that it will release its financial results for the fourth quarter ended December 31, 2004 on Thursday, February 3, 2005 before 7:00 a.m. Eastern Time. Mike Jackson, chairman and chief executive officer; Mike Maro ... Continue reading
INTERMET Receives Court Approval of Amended Contracts With Major Customers
Company also agrees to amendment of DIP credit agreement TROY, Mich., Jan. 14 -- INTERMET Corporation (INMTQ:PK) today announced that the U.S. Bankruptcy Court of the Eastern District of Michigan entered an order approving INTERMET's assumption of the amended agreements it has reached with its major customers. As a res ... Continue reading
DETROIT - E. Christopher Johnson, Jr., General Motors North America Vice President and General Counsel, has received a 2005 Urban Wheel Award as the auto industry's African American Executive of the Year. The honor was announced at the ninth annual Urban Wheel Awards ceremony held during preview week of the 2005 North ... Continue reading
IAPA and Parts Plus Merge to Form Automotive Distribution Network
MEMPHIS, Tenn., Jan. 14 -- Two of the top groups in the automotive aftermarket, Parts Plus and Independent Auto Parts of America (IAPA), have merged to form the Automotive Distribution Network (ADN). The effective date of this merger is January 1st, 2005. The decision was approved unanimously by Parts Plus' 36-members ... Continue reading
PITTSBURGH--Jan. 14, 2005--The United Steelworkers of America (USWA) announced today that mid-term contract re-opener negotiations with Continental stopped in Nashville, Tenn., when the company walked away from the table after the USWA refused to accept its demands for concessions. In talks designed to bring Continenta ... Continue reading
Automakers Slash Prices by Up to 20 Percent in China Amid Sluggish Domestic Demand
SHANGHAI, China January 14, 2005; Elaine Kurtenbach writinf for the AP reported that the outlook for China's once sizzling auto market has cooled, prompting both foreign and domestic automakers to scramble to undercut their competitors by slashing prices by up to 20 percent. Both production and sales of vehicles in Chi ... Continue reading
Stater Bros. to Sponsor NASCAR Race in 2005
COLTON, Calif., Jan. 14 -- Stater Bros. Supermarkets announced today that a Letter of Intent has been entered into by Stater Bros. and its partners, Pepsi, Frito-Lay, Gatorade and Tropicana, to be the title sponsor of the Stater Bros. 300 NASCAR Busch Series race at California Speedway in Fontana, California on Saturda ... Continue reading
Friday, Jan. 14, 2005 Ray Cooper Daytona International Speedway Clear!Blue Material from 2005 Testing. 704-975-3232 TRAVIS KVAPIL (No. 77 Kodak/Jasper Dodge Charger) NOTE: Dodge drivers have won Raybestos Rookie of the Year honors the past two seasons on the NASCAR NEXTEL Cup circuit. Jamie McMurray won it in 2003, and ... Continue reading
Jimmy Kite Looks to Return to Copper World Victory Lane on Traditional Date
Jimmy Kite Looks to Return to Copper World Victory Lane on Traditional Date STOCKBRIDGE, Ga., January 14, 2004 - For the first time since his career-making Copper World Classic victory, Jimmy Kite will race in the historic Weld Silver Crown Series event on its traditional stand-alone date of January 30th. The 100-lap U ... Continue reading
Mario Andretti Returns for Infineon Raceway Blood Drive
Contact: Diana Rose (707) 933-3918 Mario Andretti Returns for 4th Annual Infineon Technologies High Speed Blood Drive SONOMA, Calif. (IMMEDIATE RELEASE) - Race fans and community members will take the ride of a lifetime, while helping the American Red Cross save lives, during the 4th annual Infineon Technologies High S ... Continue reading
PITTSBURGH--Jan. 14, 2005--The Board of Directors of Alcoa today declared (a) a quarterly common stock dividend of 15 cents per share payable February 25, 2005 to shareholders of record at the close of business on February 4, 2005 and (b) a quarterly dividend of 93.75 cents per share on Alcoa's $3.75 cumulative preferr ... Continue reading
AAA Chicago Releases 'Roadwise' Tool to Help Seniors Assess Driving Ability
AURORA, Ill., Jan. 14 -- AAA Chicago today announced the local availability of AAA's newly-released senior driver assessment tool: "Roadwise Review: A Tool to Help Seniors Drive Safely Longer." "This is a groundbreaking assessment tool for older drivers," says Steve JN Bernth, AAA Chicago President and COO. "Driving fi ... Continue reading
American Standard's Earnings Conference Call Set For Feb. 1
PISCATAWAY, N.J., Jan. 14 -- American Standard Companies Inc. will hold its fourth-quarter earnings conference call on Tuesday, Feb. 1, at 9:30 a.m. (EST). Fred Poses, chairman and CEO, and Peter D'Aloia, senior vice president and CFO, will review the company's financial performance as well as its progress with key ini ... Continue reading
LINCOLN, R.I.--Jan. 14, 2005--Amica Mutual Insurance Company announced today that it will lower its Massachusetts automobile insurance rates in 2005, due to strong reform efforts being put forth by Governor Mitt Romney's administration and specifically by Massachusetts Insurance Commissioner Julianne Bowler. Amica has ... Continue reading
- Designers put together special collections to reflect characteristics of Chrysler, Jeep(R) and Dodge brands - Show blends innovative automotive and fashion designs - Fashion designer, Emilia Valentina, uses deconstructed brand merchandise to create one-of-a-kind pieces - Gift bags valued at $200 each to be handed out ... Continue reading
ELKHART, Ind.--Jan. 14, 2005--CTS Corporation will release earnings for the fourth quarter and full-year 2004 at approximately 6:30 p.m. (EST) on Thursday, January 27, 2005. A conference call to discuss fourth quarter and full-year 2004 financial results is scheduled for Friday, January 28, 2005, at 11:00 a.m. (EST). T ... Continue reading
Federal-Mogul Earns 2004 DaimlerChrysler Global Supplier Award for Powertrain
SOUTHFIELD, Mich.--Jan. 14, 2005--Federal-Mogul Corporation (OTCBB:FDMLQ) on January 12 received the 2004 DaimlerChrysler Global Supplier Award for the Powertrain category. The prestigious and highly selective Global Supplier Award is designed to recognize global supplier contributions and excellence in supplier perfor ... Continue reading
Fitch Assigns Ratings to GMAC Commercial Mortgage Bank
NEW YORK--Jan. 14, 2005--Fitch Ratings has assigned the following ratings to GMAC Commercial Mortgage Bank (CMB), a wholly owned subsidiary of GMAC Commercial Holding Corp., (CMH), which, in turn, is a wholly owned subsidiary of General Motors Acceptance Corporation (GMAC): -- Long-term deposits 'BBB+'; -- Long-term de ... Continue reading
Fitch Rates the Ford Credit Auto Owner Trust 2005-A 'AAA'
NEW YORK--Jan. 14, 2005--Fitch rates the Ford Credit Auto Owner Trust 2005-A as follows: -- $723,000,000 class A-1 2.62% asset-backed notes 'F1+'; -- $1,549,000,000 class A-2 3.08% asset-backed notes 'AAA'; -- $1,383,000,000 class A-3 3.48% asset-backed notes 'AAA'; -- $620,000,000 class A-4 3.72% asset-backed notes 'A ... Continue reading
Lear Fourth-Quarter and Full-Year Earnings Conference Call Details
SOUTHFIELD, Mich., Jan. 14 -- Lear Corporation will hold a conference call to review the company's fourth-quarter and full-year 2004 financial results and related matters on Wednesday, January 26, 2005 at 9:00 a.m. EST. To participate in the conference call: * Domestic calls 1-800-789-4751 * International calls 1-706-6 ... Continue reading
New Bad Boy Truck Can Protect Against Bad Guy Terrorists
Converted Military Vehicle Protects Against Radiation, Chemical and Biological Contaminants DALLAS, Jan. 14 -- First it was the Jeep, then the Hummer, now consumers have the opportunity to own an even bigger military conversion vehicle. Against the backdrop of concerns over possible terrorist strikes in the U.S., Homel ... Continue reading
Navicom Becomes 4th Approved Theft Device From Mercury, Added to the List of LoJack, OnStar, Teletrac SCOTTSDALE, Ariz., Jan. 14 -- NowAuto, Inc. announced today that wholly owned subsidiary Navicom, a leader in GPS tracking technology, was approved by Mercury Insurance Group for comprehensive insurance discounts of 10 ... Continue reading
HARRISBURG, Pa., Jan. 14 -- As part of its overall efforts to improve efficiency, service and reduce costs, the Pennsylvania Department of Transportation (PennDOT) today officially opened a Photo License Center at AAA East Central, a PennDOT On-Line Messenger Service, located at 2725 Mosside Blvd., Monroeville. "The re ... Continue reading
Ray Bradbury Talks Transportation's Future in Green Car Journal
SAN LUIS OBISPO, Calif., Jan. 14 -- According to Ray Bradbury, one of the world's leading science fiction writers and author of such classics as "The Martian Chronicles" and "Fahrenheit 451," traffic on our nation's major highways will freeze with gridlock, and only then will people decide to change their driving habit ... Continue reading
Red Dot Producing Air Conditioners for Armored FMTV Cabs
NOTE TO EDITORS: The attached document contains text from the body of this email message FOR IMMEDIATE RELEASE Red Dot Producing Air Conditioners for Armored FMTV Cabs Seattle company supplying Stewart & Stevenson with units designed for factory installation SEATTLE (Jan. 14, 2005) -- Red Dot Corp. has started producti ... Continue reading
Regarding Orkla's Acquisition of Elkem Shares
OSLO, Norway, Jan. 14 -- Reference is made to notices of 10 January and 13 January 2005 in connection with Orkla's acquisition of shares in Elkem ASA ("Elkem") held by Folketrygdfondet, Storebrand and DnB NOR and to a press release from Sapa AB today. The acquisitions bring Orkla's ownership interest in Elkem to 50.03 ... Continue reading
Snap-on to Webcast 2004 Fourth-quarter and Full-year Results Conference Call
KENOSHA, Wis.--Jan. 14, 2005--Snap-on Incorporated will release 2004 fourth-quarter and full-year results early on the morning of Thursday, February 3, 2005. The release can be accessed by visiting www.snapon.com, clicking on Investor Information and then on New Releases in the menu at the left. A conference call to di ... Continue reading
Stoneridge, Inc. to Broadcast its Fourth-Quarter Conference Call on the Web
WARREN, Ohio, Jan. 14 -- Stoneridge, Inc. will broadcast its 2004 fourth-quarter earnings conference call live over the Internet on Wednesday, January 26, 2005 at 11:00 a.m. Eastern time with President and CEO, Gerald Pisani and CFO, Joseph Mallak. What: Stoneridge, Inc. Fourth-Quarter Earnings Conference Call When: We ... Continue reading
Taylor Devices Announces Second Quarter and Six Month Results
NORTH TONAWANDA, N.Y., Jan. 14 -- Taylor Devices, Inc. announced today that it had 2nd quarter net earnings of $13,438, up sharply from last year's 2nd quarter earnings (loss) of ($117,448). Net Earnings for the 1st six months were $87,087, up significantly from last year's net earnings (loss) of ($318,577). Sales for ... Continue reading
NEWTON, Texas and CLEARWATER, Fla., Jan. 14 -- Parliament Coach Corp., one of the leading manufacturers luxury motor coach conversions, has partnered with Homeland Defense Vehicles LLC to create the first high-line motor coach that can protect occupants against nuclear radiation from dirty bombs, nuclear accidents, as ... Continue reading
TROY, Mich., Jan. 14 -- ArvinMeritor, Inc. will host a telephone conference call and Web cast to discuss the company's fiscal year 2005 first-quarter financial results on Monday, Jan. 31, 2005, at 9:00 a.m. (ET). Note: This is a change from the previously reported time of 11:00 a.m. (Logo: http://www.newscom.com/cgi-bi ... Continue reading
Zimmerman Resigns From Goodyear Board of Directors
AKRON, Ohio, Jan. 14 -- The Goodyear Tire & Rubber Company today announced that its Board of Directors has accepted the resignation of James M. Zimmerman. The retired chairman of Federated Department Stores, Zimmerman requested that his resignation be effective immediately. Robert J. Keegan, Goodyear chairman and chief ... Continue reading
Stevens to drive for Schumacher and Mopar
DON SCHUMACHER RACING 2005 NHRA POWERade Drag Racing Series Contact: Don Schumacher Racing: Judy Stropus, 203-438-0501; cell 203-243-2438; jstropus@earthlink.net Team Mopar: Misha Geisert, cell 317-432-4110; MoparPR@aol.com RICHIE STEVENS JOINS DON SCHUMACHER RACING AND TEAM MOPAR INDIANAPOLIS (Jan. 14, 2005) - Don Sch ... Continue reading
Ward's Reports Estimated North American Vehicle Production - January 14, 2005
SOUTHFIELD, Mich., Jan. 14 -- Vehicle production this week in the U.S., Canada and Mexico is expected to hit an estimated 322,282 units, up 26.4 percent from the 255,020 cars and trucks built last week, according to Ward's Automotive Reports. Including this week's estimates, calendar year North American output now tota ... Continue reading
Visteon Technology Visible Throughout North American International Auto Show
Global supplier's innovations help automakers differentiate vehicles VAN BUREN TOWNSHIP, Jan. 14 -- As automakers unveil their new product lineups and concept vehicles this week at the North American International Auto Show at Detroit's Cobo Center, Visteon Corporation's innovative components and systems are helping th ... Continue reading
Are You Kidding Me???? AAA Affiliate to Announce NASCAR Nextel Cup Racecar Sponsorship
WHAT: Charles Podowski, president/CEO of The Auto Club Group of AAA clubs, and Robin Johnson, vice president of the championship Roush Racing Team, will announce a new partnership in which The Auto Club Group will become a sponsor of a Roush Car. They will unveil a full-size replica of the AAA car during an assembly of ... Continue reading
Edmunds.com Launches Spanish Multimedia Car Buying Guides
SANTA MONICA, Calif., Jan. 14 -- Edmunds.com, the premier online resource for automotive information, has launched a Spanish language version of its 2005 New Car Buying Guide, available for free at http://www.edmunds.com/spanish/buyguide/guide.html. This launch represents Edmunds.com's first venture into the Spanish la ... Continue reading
Brilliance China Automotive Holdings Limited Announcement
HONG KONG, Jan. 14 /Xinhua-PRNewswire/ -- The following was released today by Brilliance China Automotive Holdings Limited : BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) (Stock Code: 1114) RESIGNATION OF DIRECTOR AND APPOINTMENT OF CHIEF FINANCIAL OFFICER The Board annou ... Continue reading
Luxury Car Review: 2005 BMW 760i
DRIVING DOWN THE ROAD WITH CAREY RUSS 2005 BMW 760i Although executive luxury cars like the BMW 760i are, almost by definition, reserved for relatively small numbers of wealthy people, the influence of such cars goes far beyond their modest sales numbers. Befitting their top-of-the-line status, they are used by their m ... Continue reading
AAA Texas: Weekend Gas Watch; Ten Week Stretch Ends
IRVING, Texas--Jan. 14, 2005--The statewide average price for gasoline has ended its ten week stretch of price drops, according to AAA Texas' Weekend Gas Watch. The statewide average for a gallon of regular self-serve gasoline increased four cents to $1.705. Corpus Christi posted the biggest increase of eight cents a g ... Continue reading
DETROIT, Jan. 14 -- The 2005 North American International Auto Show (NAIAS) charges from the gates with a jam-packed weekend of family- friendly entertainment, celebrity appearances and attractions beginning on Saturday, Jan. 15, the first of eight Public Days. For added convenience, the NAIAS 2005 opens one hour earli ... Continue reading
Formula One on PEED Again This Season
CHARLOTTE, N.C.--Jan. 14, 2005--SPEED Channel kicks off its 10th consecutive year of coverage of Formula One Grand Prix racing with live coverage of the season-opening Australian Grand Prix on March 5 at 9:30 p.m. ET. SPEED will broadcast 15 of the series' 19 events live, including live coverage of qualifying for all 1 ... Continue reading
WHO: The 2005 North American International Auto Show (NAIAS) is offering free admission to all active United States military personnel with valid identification to Public Days running from Saturday, Jan. 15 through Saturday, Jan. 22. Military family members must purchase tickets at the regular price. WHAT: Ticket price ... Continue reading
NEW PROCEDURE FOR DETERMINING RACE LINE-UPS SET FOR NASCAR CRAFTSMAN TRUCK SERIES BEGINNING IN 2005
DAYTONA BEACH, Fla. (Jan. 13, 2005) – NASCAR will implement a new procedure for establishing the starting race field in the NASCAR Craftsman Truck Series beginning with the 2005 season, NASCAR officials announced today. NASCAR has changed the system by simplifying the procedure with teams no longer accruing provi ... Continue reading
They All Ain't Winners: Toyota to Replace or Repair Unpopular Models
Detroit January 13, 2005: The AP reported that Toyota spokesman Mike Michels confirmed the plans Thursday but said the company was not ready to offer any more specifics about the two replacements. Toyota, Japan's No. 1 automaker, sold fewer than 4,000 Echos in 2004, down from 26,167 the year before, according to Autoda ... Continue reading
JAGUAR'S BEST EVER YEAR IN EUROPE
Jaguar Cars in Europe further strengthened during 2004, helping to achieve best ever results for the UK and European markets overall, driven by expansion of the product line-up to include new Jaguar Diesels and the X-TYPE Estate. Overall sales in the UK for 2004 reached record levels totalling 32,598 cars, an 11.2 per ... Continue reading
Communication Protocols Poised for Strong Growth as Automotive and Electronic Worlds Converge
LONDON, January 14 -- Although a relatively new area, in-vehicle network architectures and associated in-car communication protocols are generating considerable excitement in the automotive industry. The advent of innovative vehicle applications has created a strong need for sophisticated protocols that can satisfactor ... Continue reading
LA Auto Club: Most Southern California Area Gas Prices Drop below $2 Per Gallon
LOS ANGELES--Jan. 14, 2005--Southern California has entered its third consecutive month of gasoline price drops after reaching record highs in October, with most major metropolitan areas falling below $2 a gallon this week, according to the Automobile Club of Southern California's Weekend Gas Watch. Southern California ... Continue reading
2004's Top Stolen Vehicle & Equipment Recoveries
WESTWOOD, Mass., Jan. 14 -- The top stolen vehicle and construction equipment recoveries for 2004 using LoJack's Stolen Vehicle Recovery System underscore two key trends: the continuing rise of vehicle/equipment theft and the fact that it is big business run by professional thieves, according to Joseph F. Abely, chief ... Continue reading
No Change Predicted in Top 3 Struggling Industries for 2005
Airlines, Manufacturing and Automotive Picked in Turnaround Management Association Poll Again This Year CHICAGO, Jan. 13 -- In most polls, the top vote-getter is projected to be the winner. However, the industries that came out on top in the 3rd annual Trend Watch poll of corporate renewal professionals are predicted t ... Continue reading
AUBURN HILLS, Mich., Jan. 13 -- BorgWarner Inc. today provided guidance for 2005 earnings per share in a range of $4.30 to $4.55, which includes assumptions about the company's Beru acquisition in a range of $0.15 to $0.30 per share, and expectations of $4.15 to $4.25 per share on the company's base business as a compa ... Continue reading
American Axle & Manufacturing Announces New Business Backlog in Excess of $1 Billion
Provides earnings outlook for 2005 DETROIT, Jan. 13 -- American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, today announced that it has increased its backlog of new business by nearly $500 million to more than $1 billion in future annual sales. AAM's new business backlog benefits from ... Continue reading
LOS ANGELES--Jan. 13, 2005--In the 1960s, car buyers spent about 25 percent of their $8,000 median income on a new car. Today, consumers can expect to pay $27,000 for a new automobile -- more than half of the median $48,000 U.S. salary. Times have changed, but has your insurance? Today's minimum liability limits for au ... Continue reading
Consolidated Utility District to Use New GPS Vehicle Tracking System to Improve Fleet Operations
TORRANCE, Calif., Jan. 13 -- Radio Satellite Integrators, Inc. (RSI), a global provider of customized GPS-based vehicle tracking and mobile data systems, today announced that it has been contracted by the Consolidated Utility District of Rutherford County to supply a turn-key Automatic Vehicle Location system for their ... Continue reading
Polaris to Pay $950,000 Penalty for Failing to Report Hazards With ATVs
WASHINGTON, Jan. 13 -- The U.S. Consumer Product Safety Commission (CPSC) announced today that it has provisionally accepted a settlement that imposes CPSC's first civil penalty for reporting violations involving all-terrain vehicles (ATVs). Polaris Industries Inc., of Medina, Minn., has agreed to pay a $950,000 penalt ... Continue reading
World-Famous Orange County Choppers to Unveil Custom-Built BlueLinx Chopper
ATLANTA--Jan. 13, 2005--BlueLinx Corporation , America's largest building products distributor, is bringing a unique experience to the International Builders' Show, January 13-16, 2005, in Orlando, Florida. The company will unveil the BlueLinx Chopper, custom designed for BlueLinx by world famous Orange County Choppers ... Continue reading
Farmers Sues Auto Glass Business for Submitting Phony Windshield Claims
LOS ANGELES--Jan. 13, 2005--Farmers Insurance Exchange has begun serving civil summons and complaints upon a nationwide auto glass company and its president, accusing them of taking part in a scheme designed to defraud Farmers and its policyholders. The civil complaint, which is similar to prior successful lawsuits aga ... Continue reading
Energy & Engine Technology Corporation Announces Appointment of National Sales Manager
PLANO, Texas, Jan. 13 -- EENT (BULLETIN BOARD: EENT) announces that it has appointed Jack Woginrich of Palmerton, Pennsylvania as its National Sales Manager. Jack brings over 32 years of experience in the trucking industry to EENT, having concentrated his career in various sales functions in industry sectors including ... Continue reading
Chevy Notes - Daytona Test, Jan. 13
Contact: Nancy Wager GM Racing Communications cell: (727) 415-3109 For more information: media.gm.com CHEVROLET NOTES & QUOTES NASCAR NEXTEL CUP SERIES DAYTONA TEST SESSION 1 DAYTONA INTERNATIONAL SPEEDWAY January 13, 2005 KEN HOWES, GREG ZIPADELLI, BORIS SAID, AND KERRY EARNHARDT COMMENTS TO FOLLOW: KEN HOWES, DIRECTO ... Continue reading
First Private RV that Protects Occupants Against Nuclear Radiation, Biological and Chemical Agents
NEWTON, Texas and CLEARWATER, Fla., Jan. 13 -- Parliament Coach Corp., one of the leading manufacturers luxury motor coach conversions, has partnered with Homeland Defense Vehicles LLC to create the first high-line motor coach that can protect occupants against nuclear radiation from dirty bombs, nuclear accidents, as ... Continue reading
* Designers put together special collections to epitomize the Chrysler, Jeep(R) and Dodge brands * Show blends innovative automotive and fashion designs * Gift bags valued at $200 each to be handed out at the show WHAT: The Chrysler Group and metro Detroit's Clear Magazine team up to present a one-of-a-kind event at th ... Continue reading
Noble International Signs Agreement to Purchase Silao, Mexico Operations from Oxford Automotive
WARREN, Mich., Jan. 13 -- Noble International, Ltd. ("Noble" or the "Company") announced today that it completed the purchase of the assets of Oxford Automotive's steel processing facility in Silao, Mexico, effective January 1, 2005. Noble acquired the facility for $5.6 million in cash and the assumption of $1.1 millio ... Continue reading
A New Year's Resolution That Could Save Your Child's Life: Keep Your Kids Properly Buckled Up!
LOS ANGELES--Jan. 13, 2005-- New CA Law: Children under 6 Years Old or 60 Pounds Must Ride in Back Seat; CHP, 21st and Erik Estrada to Host Child Seat Safety Event this Saturday According to the National Highway Traffic Safety Administration (NHTSA), motor vehicle crashes are the leading cause of death for children two ... Continue reading
New Bad Boy Truck Can Protect Against Bad Guy Terrorists
Converted Military Vehicle Protects Against Radiation, Chemical and Biological Contaminants DALLAS, Jan. 13 -- First it was the Jeep, then the Hummer, now consumers have the opportunity to own an even bigger military conversion vehicle. Against the backdrop of concerns over possible terrorist strikes in the U.S., Homel ... Continue reading
Jaguar Advanced Lightweight Coupe Makes World Debut
DETROIT, Mich., Jan. 11, 2005 -- The Jaguar Advanced Lightweight Coupe show car made its world debut yeserday at the North American International Auto Show in Detroit. The Advanced Lightweight Coupe show car heralds a new generation of stunning Jaguar sports cars and sports sedans. The car remains true to Jaguar's illu ... Continue reading
DETROIT, Mich., Jan. 12, 2005 -- Volvo plans to significantly increase the safety of drivers and passengers in small cars during a frontal crash. The company displayed its 3CC concept vehicle, which demonstrates Volvo's new Safety Ride Down Concept, at the North American International Auto Show. This concept, which foc ... Continue reading
GM Outlines 2005 Business Objectives
* 2005 earnings per share target is $4.00 - $5.00 * Solid GMAC earnings expected to be sustained * Rising health-care costs remain a challenge DETROIT - General Motors Corp. is maintaining its intense drive to grow global revenue, increase earnings, and generate cash, GM Chairman and Chief Executive Officer Rick Wagone ... Continue reading
WHAT: DuPont Automotive employees will pay tribute to Dr. King, a leader who devoted his life to fighting for the racially oppressed, during their 12th annual Dr. Martin Luther King, Jr. Day Celebration titled, "One DuPont Celebrating the Science of Diversity." WHERE: 950 Stevenson Highway, Troy WHEN: Monday, Jan. 17, ... Continue reading
Polaris Settles With CPSC; Company Denies Any Wrongdoing; Agrees to Penalty to Avoid Litigation
MINNEAPOLIS--Jan. 13, 2005--Polaris Industries Inc. today announced it will pay the Consumer Products Safety Commission (CPSC) $950,000 to settle claims alleging that the company violated the Consumer Product Safety Act (CPSA). The Commission alleged that Polaris, in the late 1990s, didn't immediately report two potent ... Continue reading
Accuride Corporation Announces Offering of Notes Due 2015
EVANSVILLE, Ind.--Jan. 13, 2005--Accuride Corporation announced today that it will commence an offering of $225 million of notes due 2015, in an offering exempt from the registration requirements of the Securities Act of 1933, to qualified institutional buyers under Rule 144A and outside the United States in compliance ... Continue reading
--Thousands of used car buyers are at risk each day of becoming a victim of vehicle fraud. Carfax communications director Larry Gamache is available to provide insight on the many pitfalls consumers may encounter when purchasing a used car. Share with your audience the latest information and tips to avoid the various s ... Continue reading
Dana Corporation Contributes $100,000 to Aid Tsunami Relief Effort
TOLEDO, Ohio, Jan. 13 -- In response to the recent tsunami devastation in South Asia and India, Dana Corporation has contributed $100,000 (U.S.) to the Red Cross International Response Fund to support the humanitarian relief and recovery efforts. (Logo: http://www.newscom.com/cgi-bin/prnh/19990903/DANA ) In addition, D ... Continue reading
Delphi to Announce Calendar Year and Fourth Quarter Earnings Results on January 20
CEO and CFO to Host Briefing WHAT: Delphi Corp. will host a briefing and conference call for news media representatives, institutional investors and security analysts to discuss Delphi's calendar year and fourth quarter 2004 earnings results. WHO: Delphi's Chairman and CEO J.T. Battenberg III and Delphi's Vice Chairman ... Continue reading
CONCORD, Ontario, January 13 -- Magna International Inc. (TSX:MG.SV.A, MG.MV.B; NYSE:MGA) ("Magna") and Decoma International Inc. (TSX:DEC.SV.A; NASDAQ:DECA) ("Decoma") today jointly announced that they have entered into a definitive arrangement agreement by which Magna would acquire all the outstanding Class A Subordi ... Continue reading
Lear Provides 2005 Financial Guidance, Increases Sales Backlog and Raises Quarterly Dividend
SOUTHFIELD, Mich., Jan. 13 -- Lear Corporation today provided 2005 financial guidance, announced an increase in its three-year sales backlog to $3.8 billion and raised its quarterly dividend by 25% to $0.25 per share. For 2005, Lear's planning assumption for industry vehicle production is a range of 15.7 to 16.0 millio ... Continue reading
AURORA, ON, Jan. 13 -- Magna International Inc. (TSX: MG.SV.A, MG.MV.B; NYSE: MGA) announced today its outlook for 2005. Mark T. Hogan, Magna's President stated: "We head into 2005 well positioned to compete in the automotive industry. With a dedicated and motivated workforce, extensive expertise in engineering, progra ... Continue reading
Michigan Attorney General Mike Cox Enters Innovative Agreement with State Farm Over Faulty Titles
Consumers to Receive $40 Million in Multi-State Agreement LANSING, Mich., Jan. 13 -- Michigan has reached an innovative multi-state agreement requiring State Farm to voluntarily pay $40 million to compensate consumers whose titles provided by the insurance company failed to notify consumers the vehicles were previously ... Continue reading
New Benchmarks for Supply Chain Centers: Driving Efficiency and Value
CHAPEL HILL, N.C., Jan. 13 -- In today's fast changing, competitive and cost-driven market, supply chain organizations have to take every opportunity to lower cycle time, reduce uncertainties and stay current with market trends. Supply chain executives need to optimize both dimensions by working closer with business un ... Continue reading
Ray Bradbury Talks Transportation's Future in Green Car Journal
Ray Bradbury Talks Transportation's Future in Green Car Journal SAN LUIS OBISPO, Calif., Jan. 12 -- According to Ray Bradbury, one of the world's leading science fiction writers and author of such classics as "The Martian Chronicles" and "Fahrenheit 451," traffic on our nation's major highways will freeze with gridlock ... Continue reading
Timken Increases 2004 Earnings Estimate; Company to Announce 2004 Results February 1
CANTON, Ohio, Jan. 13 -- The Timken Company announced today it is increasing its 2004 earnings estimate, excluding special items, to $1.30 to $1.35 per diluted share, compared to its previous estimate of $1.20 to $1.25. The company estimates fourth quarter earnings of $0.39 to $0.44 per diluted share, excluding special ... Continue reading
NORTH VANCOUVER, B.C., Jan. 13 -- Braintech, Inc. (BULLETIN BOARD: BRHI) , a pioneer in Vision Guided Robotics ("VGR"), today announced that Ford Motor Company has ordered a TrueView(TM) VGR system, powered by Braintech's eVisionFactory(TM) (eVF)(TM), for deployment at its Van Dyke Transmission plant located in Sterlin ... Continue reading
DETROIT--Jan. 13, 2005--Siemens VDO Automotive's expertise in diesel engine control is being utilized by Ford Motor Co. on the global automaker's Mercury Meta One diesel-electric Hybrid concept currently on display at the 2005 North American International Auto Show at Cobo Center in Detroit. "Siemens VDO Automotive is ... Continue reading
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