Thursday, October 15, 1998

Acura Announces Pricing on 1999 CL Coupe and Integra Models

Acura announced pricing on its 1999 model year Integra and CL Series automobiles, promising another year of strong sales for Acura. ... Continue reading

ADESA Names President of New Affiliate

ADESA Corporation, one of the nation's largest providers of wholesale vehicle remarketing services, announced the appointment of Susan M. Buxton as President and CEO of Professional Auto Remarketing, Inc. ... Continue reading

Aeroquip-Vickers Reports Results

Aeroquip-Vickers Inc. announced that third-quarter earnings per share were 85 cents, compared with 1997 third-quarter earnings per share of $1.05. ... Continue reading

Allied Products Corp'S Verson Division Establishes Joint Venture

Chicago-based Allied Products Corp announced that its Verson division has formed a joint venture with two companies of that will help the two US cos more effectively penetrate the European market for large stamping presses and related systems. ... Continue reading

AlliedSignal Q3 Earnings Per Share Are Up 16%

AlliedSignal Inc. reported record third-quarter earnings per share of $0.58, an increase of 16% over 1997 third-quarter earnings per share of $0.50. This was the company's 27th consecutive quarter of 14% or more growth in earnings per share. ... Continue reading

AMA: Indy Mile and '99 AMA Grand Championships Set

AMA: Indy Mile and '99 AMA Grand Championships Set ... Continue reading

Auto Insurer Progressive Reduces Rates by Five Percent

Progressive announced a five percent rate decrease in the Tampa Bay area. The reduction was announced by Brian Dwyer, Progressive's West Florida General Manager. ... Continue reading

Autoliv Opens Plant in Brazil

Autoliv Inc. has opened a manufacturing facility for seat belts and airbags in Brazil, the eighth largest automobile producing country in the world. ... Continue reading

Auxer Group, Inc. Announces Licensing Agreement With CARQUEST

The Auxer Group, Inc. announces its subsidiary, the Harvey Westbury Corp, has entered into a licensing agreement with CARQUEST Products, Inc. to use the trademark, CARQUEST, on certain automotive products. ... Continue reading

Avis Rent A Car, Inc. Reports Record Q3

Avis Rent A Car, Inc. reported record results for the third quarter and nine months ended September 30, 1998. ... Continue reading

BARBERDODGE: Simmons, Snyder to Square Off at Homestead this Weekend

BARBERDODGE: Simmons, Snyder to Square Off at Homestead this Weekend ... Continue reading

Barnes Group Inc. Reports Higher Earnings for Third Quarter

Barnes Group Inc. reported a 6% increase in its third quarter earnings per share to $.53, compared to $.50 for the same period a year ago. ... Continue reading

Case Corporation Announces Third Quarter Results

Consistent with expectations, Case Corporation's earnings for the third quarter were lower due to declining sales of large agricultural equipment, unfavorable exchange rates and new product launch costs. ... Continue reading

CAT and ASV Forge Ownership Agreement

One of the fastest growing companies in America, A.S.V. Inc., may grow even faster thanks to an agreement that has the potential to significantly expand its dealer base, and provides the cash flow necessary for continued growth. ... Continue reading

Control Devices, Inc. Announces Q3 Results

Control Devices, Inc. reported net income for the quarter ended September 30, 1998 increased 49% to $1.8 million or $0.21 per share (diluted), compared to $1.2 million or $0.14 per share (diluted) for 1997. ... Continue reading

Convergence '98 Explores Role of 'Infotronics'

The chief executives of three multi-national companies are among the experts who will address these and other challenges in the rapidly evolving world of automotive information electronics during Convergence '98. ... Continue reading

CRAGAR Announces Nasdaq Listing Status

CRAGAR Industries, Inc. announced that it received correspondence from Nasdaq after the close of the market on October 14, 1998 indicating a decision by the Nasdaq Listing Qualifications Panel to immediately delist the Company. ... Continue reading

Cummins Engine Reports Q3 Earnings

Cummins Engine Co. Inc. reported third-quarter net earnings of $20 million, or 52 cents per share on sales of $1.5 billion, excluding a pre-tax charge of $114 million for restructuring costs and $35 million associated with a methodology change. ... Continue reading

Dana Board Honored Among Five Best in United States

The Board of Directors of Dana Corporation has been honored as one of the five best in the United States by Chief Executive magazine. ... Continue reading

Dana Corp Facility Honored as One of North America's 10 Best Plants

Dana Corporation's Automotive Systems Group Structural Products facility in Hopkinsville, Ky., was named one of the 10 best plants in North America by IndustryWeek magazine. ... Continue reading

Defiance, Inc. Reports First Quarter Results

Defiance, Inc. reported net earnings for its first fiscal quarter ended September 30, 1998 were $221,000, or $0.04 per share, compared with $262,000, or $0.04 per share, for the same period last year. ... Continue reading

Donnelly Corporation Reports Q1 Financial Results

Donnelly Corporation reported first quarter financial results for its 1999 fiscal year. ... Continue reading

Dura Announces Increased Q3 and 9 Month Results

Dura Automotive Systems, Inc. announced increased operating results for the quarter and nine months ended September 30, 1998. ... Continue reading

F1, RALLY: This Week in Ford of Europe Motorsport

F1, RALLY: This Week in Ford of Europe Motorsport ... Continue reading

Free Travel Show and Live Performance, "On Stage Alaska,"

If you've ever had an urge to travel north to Alaska on a luxury cruise ship or motorcoach, on Oct. 15-19, Bay Area AAA Travel Agencies are hosting a free travel show and live cultural performance, "On Stage Alaska." ... Continue reading

General Bearing Reports Record Third Quarter Results

General Bearing Corporation, a leading manufacturer and distributor of industrial bearings, announced operating results for the third quarter and nine-months ended September 26, 1998. ... Continue reading

Gerber Auto Collision & Glass Expands Operations With Acquisition

Gerber Auto Collision & Glass, Illinois' largest provider of collision repair and glass replacement services, announced the acquisition of Four Star Paint & Repair, located in Round Lake, Illinois. ... Continue reading

Gleason Reports Third Quarter and Nine-Month Results

Gleason Corp. reported that third quarter diluted earnings per share were $.55, an increase of 15% compared to the 1997 third quarter. ... Continue reading

Intermet Reports Record Third Quarter Earnings

Intermet Corporation reported a third quarter income of $0.36 per diluted share on net income of $9.3 million compared with $0.28 per diluted share on net income of $7.4 million in the third quarter of 1997. ... Continue reading

Ispat International and Units Put on S&P Watch, Neg

Standard & Poor's placed its double-'B' corporate credit rating on Ispat International N.V. (the Ispat Group) and its ratings on related entities on CreditWatch with negative implications (see list below). ... Continue reading

J. B. Hunt Transport Services, Inc. Declares Quarterly Dividend

J. B. Hunt Transport Services, Inc. announced that the Board of Directors declared the regular quarterly dividend on its common stock of five cents per share, payable November 23, 1998, to stockholders of record November 3, 1998. ... Continue reading

J.B. Hunt Transport Services, Inc. Reports Q3 Revenues and Earnings

J.B. Hunt Transport Services, Inc. announced third quarter 1998 net earnings of $10.8 million, or diluted earnings per share of 30 cents, a six-fold increase over the $1.9 million, or 5 cents per diluted share earned in the third quarter of 1997. ... Continue reading

Lincoln LS Charges on Stage at the California International Auto Show

The new Lincoln LS came another step closer to market with the release of performance figures -- including an over 250 horsepower V-8 engine -- at the California International Auto Show. ... Continue reading

LucasVarity and VDO Sign Letter of Intent

LucasVarity plc and Mannesmann VDO AG announced that they have signed a Letter of Intent outlining the terms by which VDO expects to acquire the controlling interest in Lucas Kienzle Instruments Limited, subject to final agreement and approvals. ... Continue reading

Mack Targets New Markets with Cummins Agreement

Mack Trucks Inc., and Cummins Engine Company Inc., announced a long-term supplier agreement that will broaden Mack's engine line-up and make Cummins its exclusive supplier of vendor engines. ... Continue reading

Midas' Third Quarter Net Income Results

Midas, Inc. announced its results for the third quarter ended Sept. 26, 1998. Net income for the quarter was $13.1 million, a 24% increase from the pro forma net income (excluding non- recurring charges) of $10.6 million reported last year. ... Continue reading

Midget Chassis to be Awarded at NAMARS Banquet

Midget Chassis to be Awarded at NAMARS Banquet ... Continue reading

Myers Industries Reports Record Third Quarter Results

Myers Industries, Inc. reported record net sales of $92,196,199 for the third quarter, a 14 percent increase over the $81,141,353 reported in 1997. ... Continue reading

NASCAR-BGN: McLaughlin Heads to Gateway

NASCAR-BGN: McLaughlin Heads to Gateway ... Continue reading

NASCAR WCUP: Bodine Anxious to Erase 'Taste' Left by Talladega Weekend

NASCAR WCUP: Bodine Anxious to Erase 'Taste' Left by Talladega Weekend ... Continue reading

NASCAR-WCUP: DEI Motorsports Director Leery of Pit Crew Limit

NASCAR-WCUP: DEI Motorsports Director Leery of Pit Crew Limit ... Continue reading

NASCAR-WCUP: Hillenburg Clears 'The Big One', LJ Racing Ready for Daytona

NASCAR-WCUP: Hillenburg Clears 'The Big One', LJ Racing Ready for Daytona ... Continue reading

NASCAR WCUP: Kenny Wallace Weekly Review/Preview

NASCAR WCUP: Kenny Wallace Weekly Review/Preview ... Continue reading

New American Plastics Council Auto Center Home to Innovative Design

The American Plastics Council (APC) dedicated their new Automotive Center. The 6,200 square foot multi-use facility, is a technical center devoted to encouraging creative uses of plastics in automotive applications. ... Continue reading

New CEO Named at ADESA Canada

Jim Hallett, President of ADESA Corporation, announced the appointment of Brian J. Warner as President and CEO of ADESA Canada. ... Continue reading

New FHWA Facility Will Aid Highway Bridge Safety

The U.S. DOT announced that the opening of the Federal Highway Administration's new facility will provide more accurate and complete information about the condition of the nation's highway bridges. ... Continue reading

Nissan Offers 'KIDS ON BOARD: How To Enjoy The Carpool'

"KIDS ON BOARD: How to Enjoy the Carpool" is a colorful, new booklet from Nissan now available for parents by calling 1-800- NISSAN1. ... Continue reading

Open Road Radio

Open Road Radio ... Continue reading

Parker Hannifin Reports Record First Quarter Sales

Parker Hannifin Corporation reported increased sales and earnings per share in its first quarter ended September 30. ... Continue reading

Quantum Cycles Inc. Enters Into Investment Banking Agreement

American Quantum Cycles Inc. announced that it has entered into an Investment Banking Agreement with an NASD member firm for a Secondary Offering to raise the Company a minimum of $5 million. ... Continue reading

SDRC Agrees to Acquire Imageware Corporation

SDRC, developer of I-DEAS(TM) design automation software and Metaphase(R) Enterprise(TM) product data management software, announced that it has signed a definitive agreement to acquire privately-held Imageware Corporation. ... Continue reading

Siemens to Become Electronics Leader in Tennessee

Siemens Automotive announced the dedication of its new automotive electronics facility in Johnson City, Tenn. ... Continue reading

Simpson Industries Reports Third Quarter Results

Simpson Industries, Inc. reported sales and earnings for the third quarter ended September 30, 1998. Net sales for the quarter were $110,016,000 compared to $112,327,000 in the third quarter of 1997. ... Continue reading

Smart Choice Automotive Group, Inc. Announces Appointment

Smart Choice Automotive Group, Inc. announced the appointment of Thomas Koujales, "Tommy Kay," as senior vice president, purchasing and reconditioning for First Choice Auto Finance. ... Continue reading

SmarTire Debut at Automechanika Show a Success

For the first time in its history, SmarTire Systems Inc. participated in Automechanika, the European automotive trade show which ranks number one in the world. ... Continue reading

Superior Industries International Third-Quarter Results

Superior Industries International Inc. announced that revenue for the third quarter ended Sept. 30, 1998, was $112,245,000, compared with $130,243,000 for the third quarter of 1997. ... Continue reading

TACH Visits the BMW Museum

One of the benefits of traveling to motorsports events around the country is the ability to visit the various automotive museums around the country. My route to Road Atlanta for the Petit Le Mans required that I travel through Spartanburg, SC, the home for assembling the BMW Z3 roadster. ... Continue reading

Tower Automotive, Inc. Announces Q3 Increases

Tower Automotive, Inc. announced increased operating results for the third quarter and nine months ended September 30, 1998. ... Continue reading

TRW Q3 1998 Results Lower Due to Restructuring Charge

TRW Inc. reported that third quarter earnings increased by 3 percent excluding restructuring charges. The restructuring charges were taken to strengthen the performance of its automotive business. ... Continue reading

TRW Receives IndustryWeek's 'America's Best Plants' Award

In recognition of its world-class achievements in manufacturing, quality, productivity and customer satisfaction, TRW has won IndustryWeek's "America's Best Plants"(C) award for the third time in four years. ... Continue reading

Warren Byrd Named ADESA Vice President

Jim Hallett, President and CEO of ADESA Corporation, announced the appointment of Warren W. Byrd to the position of Vice President of Corporate Development. Byrd previously served as ADESA's General Counsel. ... Continue reading