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November 2006

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Wednesday, November 15, 2006

Compressed H2 System Revealed

Compressed H2 System Revealed

INERGY is developing short-term compressed hydrogen systems while researching long-term solutions to advance the feasibility of hydrogen vehicles. In collaboration with Ohio University, INERGY has been working on a totally unique hydrogen storage concept, in which the system would store pure hydrogen in a conformable m ... Continue reading

Steve Wilhite, Hyundai's New COO, on the Tenacious Brand and the Car Biz

Steve Wilhite, Hyundai's New COO, on the Tenacious Brand and the Car Biz

By Marty Bernstein AIADA Contributing Editor There is nothing shy or retiring or reticent about Steve Wilhite, who just three months ago was made the chief operating officer of Hyundai Motors America – a company that undeniably is the fastest growing car company in America today. A California native, Wilhite has a ... Continue reading

Extras at Luxury Dealerships May Signal a Market Upturn

Extras at Luxury Dealerships May Signal a Market Upturn

Washington DC November 15, 2006; The AIADA newsletter reported that Fletcher Jones Motorcars and Newport Lexus are pouring on the fancy fixtures and service extras as they vie for a larger share of one of the nation's most prosperous luxury-car markets, coastal Orange County, California, reports USA Today. Auto industr ... Continue reading

VW to Revamp its Corporate Structure When New CEO Takes Over

VW to Revamp its Corporate Structure When New CEO Takes Over

Washington DC November 15, 2006; The AIADA newsletter reported that upon taking the helm as Chief Executive on Jan.1, Martin Winterkorn plans to change Volkswagen AG's corporate structure, according to people familiar with the situation. Winterkorn plans to reorganize the company's brands into two groups, the sources s ... Continue reading

R. Sorenson No. 41 Discount Tire Dodge Homestead-Miami Speedway Advance 11.18.06

R. Sorenson No. 41 Discount Tire Dodge Homestead-Miami Speedway Advance 11.18.06

Media Contact: Angie Copen, Chip Ganassi Racing with Felix Sabates, 704-662-9642, acopen@ganassi.com Reed Sorenson, No. 41 Discount Tire Dodge Homestead-Miami Speedway - 11.18.06 To view the 2006 Discount Tire Media Guide, please visit www.discounttiremotorsports.com <http://www.discounttiremotorsports.com/> No. 41 Dis ... Continue reading

United Components Reports Results of Operations for Third Quarter 2006

United Components Reports Results of Operations for Third Quarter 2006

EVANSVILLE, Ind.--United Components, Inc. (“UCI”) today announced results for the third quarter ended September 30, 2006. Revenue of $252.4 million increased $28.5 million compared to the year-ago quarter. The quarter included $25.3 million in sales by water pump manufacturer ASC Industries, which was acquire ... Continue reading

Andy Lally Impressive In Stock Car Test

Andy Lally Impressive In Stock Car Test

Andy Lally Impressive In Stock Car Test CONCORD, North Carolina (Tuesday, November 14, 2006) - - When road racing ace Andy Lally makes his transition to stock car racing, one thing is for certain, he will shine. Lally turned his first laps in a stock car last Thursday at Lowe’s Motor Speedway, one of NASCAR†... Continue reading

Ansoft Corporation Pre-Tax Income Increases 30%

Ansoft Corporation Pre-Tax Income Increases 30%

PITTSBURGH--Ansoft Corporation today announced financial results for its second quarter of fiscal 2007 ended October 31, 2006. All references to share and per share information, except shares authorized, included in this press release have been adjusted to reflect the two-for-one stock split effected in the form of a s ... Continue reading

ArvinMeritor Declares Quarterly Dividend on Common Stock and Announces Its Annual Shareowners Meeting

ArvinMeritor Declares Quarterly Dividend on Common Stock and Announces Its Annual Shareowners Meeting

TROY, Mich., Nov. 14 -- The ArvinMeritor, Inc. Board of Directors, at a meeting held on November 14, 2006, at its corporate headquarters in Troy, Mich., declared a quarterly dividend of 10 cents ($0.10) per share on the common stock of ArvinMeritor, payable Dec. 11, 2006, to holders of record at the close of business o ... Continue reading

ArvinMeritor Reports Fourth-Quarter and Fiscal Year 2006 Results

ArvinMeritor Reports Fourth-Quarter and Fiscal Year 2006 Results

Announces Company-Wide Profit Improvement Initiative TROY, Mich., Nov. 14 -- ArvinMeritor, Inc. today reported financial results for its full fiscal year and fourth quarter ended Sept. 30, 2006. * On a GAAP basis, the loss from continuing operations was $261 million or $3.76 per diluted share for the fourth quarter. Th ... Continue reading

Asbury Automotive Group Announces Secondary Common Stock Offering

Asbury Automotive Group Announces Secondary Common Stock Offering

NEW YORK, Nov. 14 -- Asbury Automotive Group, Inc. (the "Company") today announced that Asbury Automotive Holdings L.L.C. has agreed to sell 3,072,856 shares of the Company's common stock in a public offering underwritten by Goldman, Sachs & Co. Shares sold by Asbury Automotive Holdings L.L.C. are being sold for the ac ... Continue reading

  Business Objects' Group Vice President, Corporate Finance Benoit Fouilland to Present at the Morgan Stanley TMT Conference

  Business Objects' Group Vice President, Corporate Finance Benoit Fouilland to Present at the Morgan Stanley TMT Conference

SAN JOSE, Calif. & PARIS--Business Objects , the world's leading provider of business intelligence (BI) solutions, will be presenting at the Morgan Stanley TMT Conference in Barcelona, Spain on Thursday, November 16, 2006. The company's presentation is scheduled for 1:05 p.m. Barcelona Time. A webcast of the company's ... Continue reading

Castle Harlan to Buy AmeriCast, a Leading North American Producer of Steel Castings

Castle Harlan to Buy AmeriCast, a Leading North American Producer of Steel Castings

NEW YORK, Nov. 14 -- Castle Harlan, Inc., the New York private equity firm, announced today that an investment fund it manages has agreed to acquire AmeriCast Technologies, Inc., a North American leader in the design and manufacture of large, complex steel castings. The transaction was valued at $110 million. The selle ... Continue reading

Cosma Acquires VAB To Expand Stamping Capacity In Eastern Europe

Cosma Acquires VAB To Expand Stamping Capacity In Eastern Europe

AURORA, Ontario, Nov. 14 -- Cosma International, an operating unit of Magna International Inc. and a leading automotive metal-forming supplier, today announced it has acquired Vyroba Automotivnych Blotnikov (VAB) of Tychy, Poland. The acquisition expands Cosma's class-A and body structure stamping capacity and increase ... Continue reading

Directed Electronics Reports Record Third Quarter 2006 Sales; Reaffirms and Updates 2006 Earnings Outlook

Directed Electronics Reports Record Third Quarter 2006 Sales; Reaffirms and Updates 2006 Earnings Outlook

* Third Quarter 2006 Net Sales Increase 23% to $75.5 Million * Third Quarter 2006 GAAP Net Income Increases 63% to $3.2 Million, or $0.12 per Diluted Share * Third Quarter 2006 Pro Forma Net Income Increases 79% to $4.8 Million, or $0.19 per Diluted Share * 2006 Pro Forma Consolidated Net Income Outlook of $1.09 to $1. ... Continue reading

Ferrari Captures Finish Line At New York Stock Exchange After 84-Day, 20,000-Mile Panamerican Journey

Ferrari Captures Finish Line At New York Stock Exchange After 84-Day, 20,000-Mile Panamerican Journey

Two of the World's Most Famous Symbols Join Together As Ferrari 599s Greet NYC WHO: Ferrari North America, Inc. and Ferrari S.p.A. WHAT: A celebration of Ferrari's passion and performance will be showcased as two of its newest vehicles, the 599 GTB Fiorano cars, cross the finish line at the New York Stock Exchange, fol ... Continue reading

Ford Says Investment in

Ford Says Investment in

COMPANY'S INVESTMENT IN RACING PAYS DIVIDENDS Dan Davis is more convinced than ever that the company's investment in racing is paying off. And, he says, it's not just because he is director of Ford's North American racing programs.. "Every year for the eight years that I have been in this job, we ask whether the money ... Continue reading

GAINSCO Announces Preliminary Results of Rights Offering

GAINSCO Announces Preliminary Results of Rights Offering

DALLAS, Nov. 14 -- GAINSCO, INC. (AMEX:GAN) announced today the preliminary results of its previously announced rights offering, which expired in accordance with its terms at 5:00 p.m., New York City time, on November 13, 2006. A preliminary assessment of its rights offering to existing shareholders for the sale of up ... Continue reading

Hexion Specialty Chemicals Reports Third Quarter 2006 Results

Hexion Specialty Chemicals Reports Third Quarter 2006 Results

COLUMBUS, Ohio--Hexion Specialty Chemicals today reported its results for the third quarter period ended September 30, 2006. Highlights for the third quarter of 2006 include: Revenues of $1.34 billion in 2006 compared to $1.13 billion during the prior year period, an increase of 18.8 percent. Operating income of $57 mi ... Continue reading

MotorSports Emporium Releases Third Quarter Results

MotorSports Emporium Releases Third Quarter Results

SCOTTSDALE, Ariz.--MotorSports Emporium Inc. (OTCBB: MSEM), a fast-track, multi-faceted and diversified motor sports company, today announced results for its third quarter ending September 30, 2006. Total revenue for the first nine months of 2006 and 2005 were $129,141 and $171,268, respectively (a decrease of $42,127) ... Continue reading

Stonepath Group Reports Third Quarter 2006 Results

Stonepath Group Reports Third Quarter 2006 Results

SEATTLE, Nov. 14 -- Stonepath Group (AMEX:STG) , a global logistics services organization, today reported financial results for the quarter and nine-month period ended September 30, 2006. For the third quarter of 2006, Stonepath reported revenues from continuing operations decreased 19% to $65.3 million, compared to $8 ... Continue reading

VIDEO from Medialink and General Motors: NASCAR Victory Pays Off in More Ways Than One

VIDEO from Medialink and General Motors: NASCAR Victory Pays Off in More Ways Than One

--Kevin Harvick's recent performances in the Expertise Challenge mean big bucks not only for his No. 29 Goodwrench racing team, but for budding goodwrenchers across the country. Following a second Challenge race win, $200,000 was donated for scholarships to encourage men and women to pursue careers as automotive techni ... Continue reading

Worldwide Manufacturing USA, Inc. Announces Record Third Quarter Results

Worldwide Manufacturing USA, Inc. Announces Record Third Quarter Results

SAN BRUNO, Calif., and SHANGHAI, China, Nov. 14 -- Worldwide Manufacturing USA, Inc. ("Worldwide") (BULLETIN BOARD: WWMU) (www.wwmusa.com), an engineering firm, contract manufacturer and direct manufacturer of die-cast, machining, electronics products and air-condition units for automobiles, today announced third quart ... Continue reading

Michelin Offers Free 7-Point Vehicle Safety Checks at Toledo Wal-Mart Stores

Michelin Offers Free 7-Point Vehicle Safety Checks at Toledo Wal-Mart Stores

WHAT Michelin teams up with Metro Toledo Wal-Mart stores to conduct free vehicle safety checks for motorists to prepare them for holiday travel and inclement weather season. Fast, convenient 7-point check is performed in the parking lot (motorists remain in their cars) and includes a take home monthly vehicle safety ch ... Continue reading

Fisker Coachbuild Will Grant Three Wishes for Each Car Purchased before Dec. 31st, 2006 to the Make-A-Wish Foundation®

Fisker Coachbuild Will Grant Three Wishes for Each Car Purchased before Dec. 31st, 2006 to the Make-A-Wish Foundation®

IRVINE, Calif.--Fisker Coachbuild, creator of coach-built luxury sports cars, is announcing that it will donate $15,000 for each FISKER TRAMONTO exotic two-seat convertible sold to the Make-A-Wish Foundation®. For each car purchased from Fisker before December 31st, 2006, a child with a life-threatening medical condit ... Continue reading

News Release: EPA Enforcement Cuts Total Pollution by Record 3 Billion Pounds Over Last Three Years - Air Pollution Reductions Alone Result in Health Benefits of $3.5 Billion Yearly

News Release: EPA Enforcement Cuts Total Pollution by Record 3 Billion Pounds Over Last Three Years - Air Pollution Reductions Alone Result in Health Benefits of $3.5 Billion Yearly

News for Release: Wednesday, Nov. 15, 2006 U.S. Environmental Protection Agency (EPA) *EPA Enforcement Cuts Total Pollution by Record 3 Billion Pounds Over Last Three Years "Air Pollution Reductions Alone Result in Health Benefits of $3.5 Billion Yearly "*Contact: Dave Ryan, (202) 564-4355 / ryan.dave@epa.gov*" "*(Wash ... Continue reading

News Release: CAT Announces Joe George as VP Strategy + Biz Dev.doc

News Release: CAT Announces Joe George as VP Strategy + Biz Dev.doc

________________________________ FOR IMMEDIATE RELEASE Contact: Bobby Amirshahi 678-645-4518 bobby.amirshahi@coxinc.com Cox Auto Trader Names Joe George Vice President of Strategy and Business Development ATLANTA (November 15, 2006) - Atlanta-based Cox Auto Trader today announced that Joe George, age 40, has been appoi ... Continue reading

2007 Lincoln MKZ; MKX; Navigator Reviews

2007 Lincoln MKZ; MKX; Navigator Reviews

LINCOLN TRIAD Three Lincolns in the Smokies By Steve Purdy TheAutoChannel.com Detroit Bureau Redefinition of the Lincoln brand is just one focus of Ford’s turn-around plan. To that end three new Lincolns were presented to the assembled press recently in the Smoky Mountains. Targets of all three vehicles are segmen ... Continue reading

New-Vehicle Sales Process Customer Satisfaction Awards

New-Vehicle Sales Process Customer Satisfaction Awards

Jaguar Ranks Highest in Sales Satisfaction for a Third Consecutive Year WESTLAKE VILLAGE, Calif., Nov. 15 -- Customer satisfaction with the new-vehicle sales process has reached a record high, according to the J.D. Power and Associates 2006 Sales Satisfaction Index (SSI) Study(SM) released today. The study, now in its ... Continue reading

Cars, Trees & Traditions Opens Nov. 18 with Holiday Cheer at the Walter P. Chrysler Museum

Cars, Trees & Traditions Opens Nov. 18 with Holiday Cheer at the Walter P. Chrysler Museum

What: Opening of Cars, Trees & Traditions, a special holiday exhibition Who: Free admission event for the public When: 10 a.m. - 3 p.m. Saturday, Nov. 18, 2006 Where: Walter P. Chrysler Museum in Auburn Hills, Mich. Details: Cars, Trees & Traditions opens to the public with day-long free seasonal festivities. Visitors ... Continue reading

Chrysler Group Steals the Show at SPE(R) Automotive Innovation Awards Competition

Chrysler Group Steals the Show at SPE(R) Automotive Innovation Awards Competition

* All-new 2007 Jeep(R) Wrangler's Bumper System is Grand Award Winner * Company Wins Awards in Six of the Nine Categories AUBURN HILLS, Mich., Nov. 15 -- Chrysler Group won a Grand Award and six of the nine category awards for the Most Innovative Use of Plastics in an automotive or transportation-related part at the Au ... Continue reading

TTI and Delphi Connection Systems Sign North American Deal

TTI and Delphi Connection Systems Sign North American Deal

FORT WORTH, Texas, Nov. 15 -- TTI, Inc., the world's leading passive and connector specialist has signed an agreement with Delphi Connection Systems, the leading innovator in the design and manufacturing of connection systems for transportation and automotive applications. This agreement provides consumers of Delphi pr ... Continue reading

Examine the Manufacturing Strategies, Technologies & Model Launches of the World’s Automotive Companies

Examine the Manufacturing Strategies, Technologies & Model Launches of the World’s Automotive Companies

DUBLIN, Ireland--Research and Markets (http://www.researchandmarkets.com/reports/c452825) has announced the addition of World Vehicle Manufactures: November 2006 Report to their offering. World Vehicle Manufacturers is a dedicated round-up of all the latest global happenings and analysis specific to the manufacturing a ... Continue reading

Predictions for Car Manufacturer Citroen

Predictions for Car Manufacturer Citroen

DUBLIN, Ireland--Research and Markets (http://www.researchandmarkets.com/reports/c45252) has announced the addition of Citroën 2006 Company Profile Edition 3 to their offering. This new company profile is part of a major series of reports that will provide you with convenient and concise analysis on the worlds large ... Continue reading

Research and Markets: An Opportunity to View the Major Events That Have Affected the Car Company Daimlerchrysler AG

Research and Markets: An Opportunity to View the Major Events That Have Affected the Car Company Daimlerchrysler AG

DUBLIN, Ireland--Research and Markets (http://www.researchandmarkets.com/reports/c45291) has announced the addition of DaimlerChrysler AG 2006 Company Profile Edition 3 to their offering. This new company profile is part of a major series of reports that will provide you with convenient and concise analysis on the worl ... Continue reading

Porsche Reports Strong Rise in Group Profit

Porsche Reports Strong Rise in Group Profit

STUTTGART, Germany--Pre-tax Group profit for the 2005/2006 fiscal year (to July 31), as approved by the Supervisory Board of Stuttgart-based Dr. Ing. h.c. F. Porsche AG at its meeting today, rose to 2.110 (previous year: 1.238) billion Euros. Porsche has thus reported yet another record profit and is continuing on its ... Continue reading

Mazda to Reveal All-New Design Concept at 2007 Los Angeles Auto Show

Mazda to Reveal All-New Design Concept at 2007 Los Angeles Auto Show

HIROSHIMA - November 15, 2006: Mazda Motor Corporation will present an all-new concept car, the Mazda Nagare (pronounced na-gah-reh), for the first time globally at the Greater Los Angeles International Auto Show during its press conference at 16:05 local time on 29 November 2006. Following on the heels of three very s ... Continue reading

Prism's Clymer Introduces Its New Suzuki Volusia/Boulevard C50 Manual

Prism's Clymer Introduces Its New Suzuki Volusia/Boulevard C50 Manual

NEW YORK--Prism Business Media’s Clymer®, publisher of the leading family of do-it-yourself repair manuals, today announced the addition of its new Suzuki Volusia/Boulevard C50 Manual to its extensive line of motorcycle repair manuals. The Suzuki Volusia/Boulevard C50 Repair Manual covers 2001-2006 models. This ... Continue reading

Johnson Controls Raises Dividend 18%; 32nd Consecutive Year Of Increases

Johnson Controls Raises Dividend 18%; 32nd Consecutive Year Of Increases

MILWAUKEE, Nov. 15 -- The Directors of Johnson Controls, Inc. (JCI) today increased the quarterly cash dividend on common shares to $0.33 per share from the previous quarterly rate of $0.28, an increase of 18%. The dividend is payable January 2, 2007 to shareholders of record December 15, 2006. "Johnson Controls has a ... Continue reading

REGI U.S., Inc. Opens U.S. Office in Washington State

REGI U.S., Inc. Opens U.S. Office in Washington State

VANCOUVER, British Columbia--REGI U.S., Inc. (OTCBB:RGUS) (Frankfurt Stock Exchange:RGJ) is pleased to announce that the Company has opened a new U.S. office in Spokane, WA with a lease from SIRTI, a Washington State funded economic development agency (www.sirti.org). SIRTI will provide limited commercialization, techn ... Continue reading

2007 Nissan Altima is First Nissan Model With Award-Winning XM NavTraffic Service

2007 Nissan Altima is First Nissan Model With Award-Winning XM NavTraffic Service

XM Satellite Radio's Around-The-Clock, Real-Time Traffic Information Service Offered in All-New Altima WASHINGTON, Nov. 15 -- XM Satellite Radio , the nation's leading provider of satellite radio with more than 7 million subscribers, today announced that the all-new 2007 Altima sedan, available now at dealerships, is t ... Continue reading

TI Brings Higher Integration and Performance To Complex Automotive Body Applications With New TMS470 MCUs

TI Brings Higher Integration and Performance To Complex Automotive Body Applications With New TMS470 MCUs

New TMS470PLFx1 32-Bit ARM7TDMI(R) based generation sampling now; Available in volume quantities mid of 2007 MUNICH, Germany, Nov. 15 -- Addressing the increasing complexity of highly integrated body applications, Texas Instruments (TI) announced the sampling of the TMS470PLFx1 generation of software and pin-to-pin com ... Continue reading

Progressive Distributes October Results

Progressive Distributes October Results

MAYFIELD VILLAGE, Ohio--The Progressive Corporation today reported the following results for October 2006: (millions, except per share amounts and ratios) October 2006 October 2005 Change Net premiums written $1,315.8 $1,328.1 (1)% Net premiums earned 1,354.7 1,340.0 1% Net income 130.1 75.4 73% Per share .17 .09 80% C ... Continue reading

KnowNow Helps CSAA Maximize Brand and Competitive Awareness

KnowNow Helps CSAA Maximize Brand and Competitive Awareness

SUNNYVALE, Calif.--KnowNow Inc., the leader in enterprise-class Web 2.0 solutions, today announced the deployment of the KnowNow Market Intelligence solution within the California State Automobile Association (CSAA), an established automotive, travel, insurance and financial services company with more than four million ... Continue reading

Argillon LLC Awarded Contract from Mitsubishi Cement Corporation

Argillon LLC Awarded Contract from Mitsubishi Cement Corporation

Argillon LLC to Provide SINOx(R) Selective Catalytic Reduction (SCR) System at the Port of Long Beach, California ALPHARETTA, Ga., Nov. 15 -- Argillon LLC (www.ARGILLON.com) was awarded a significant contract from Mitsubishi Cement Corporation to provide its SINOx(R) SCR system (www.SINOx.com). The system will abate em ... Continue reading

AAA Expects Robust Thanksgiving Weekend

AAA Expects Robust Thanksgiving Weekend

WASHINGTON--Higher prices for hotel rooms, rental cars and airfares will not keep families home this Thanksgiving, according to AAA. AAA estimates that 38.3 million Americans will travel 50 miles or more from home this holiday, a 2.7 percent increase from last year’s 37.3 million travelers. “Airports and highways w ... Continue reading

First 2007 Infiniti Models With XM NavTraffic Arrive in U.S. Showrooms

First 2007 Infiniti Models With XM NavTraffic Arrive in U.S. Showrooms

XM Satellite Radio's Real-time Traffic Information Service is Part of All-new Luxury Sedan's Arsenal of Advanced Navigation Tools WASHINGTON, Nov. 15 -- XM Satellite Radio , the nation's leading provider of satellite radio with more than 7 million subscribers, today announced that the first Infiniti model with XM NavTr ... Continue reading

AutoTrader.com Launches Keyword Search

AutoTrader.com Launches Keyword Search

ATLANTA--AutoTrader.com, the ultimate automotive marketplace, today announces the launch of its Keyword Search and Features Checklist functions. The new features customize the car-shopping process and make it easier for consumers to find the exact car of their choice in the largest database of vehicles. Consumers can s ... Continue reading

AAA Chicago Projects Robust Thanksgiving Weekend Travel

AAA Chicago Projects Robust Thanksgiving Weekend Travel

AURORA, Ill., Nov. 15 -- Higher prices for hotel rooms, rental cars and airfares will not keep families home this Thanksgiving. AAA Chicago estimates 38.3 million Americans will travel 50 miles or more from home this holiday, a 2.7 percent increase from last year's 37.3 million travelers. "Airports and highways will be ... Continue reading

gedas Becomes T-Systems

gedas Becomes T-Systems

Global market leadership in the automotive sector by 2010 DETROIT, Nov. 15 -- T-Systems has reached an important milestone in its strategic direction on the global automotive market. The integration of gedas, the former IT subsidiary of Volkswagen, has been in full swing since April 2006. Today, the global renaming of ... Continue reading

Progressive Reaches ``Concierge Level'' of Claims Service Milestone with Opening of 50th Service Center

Progressive Reaches ``Concierge Level'' of Claims Service Milestone with Opening of 50th Service Center

AKRON, Ohio--In the early 1990s, The Progressive Group of Insurance Companies introduced drivers to 24/7 claims service; it’s now the industry norm. In the late 90s, work began on a “concierge level” of claims service, providing, as the name implies, an even better, more comprehensive claims service. The ... Continue reading

Valeo Signs Contract With Nidec for the Sale of its Electric Motors & Actuators Activity

Valeo Signs Contract With Nidec for the Sale of its Electric Motors & Actuators Activity

PARIS, November 15 -- Valeo today announced the signature of a contract for the sale of its Electric Motors & Actuators activity to the Japanese group Nidec for an enterprise value of 165 million euros. In 2005 this activity generated total sales of 253 million euros and an operating income of 9 million euros. The tran ... Continue reading

HONDA RACING F1 TEAM ANNOUNCES 2007 TEST DRIVER LINE-UP

HONDA RACING F1 TEAM ANNOUNCES 2007 TEST DRIVER LINE-UP

BRACKLEY, UK 15 NOVEMBER 2006 HONDA RACING F1 TEAM ANNOUNCES 2007 TEST DRIVER LINE-UP The Honda Racing F1 Team is pleased to announce its test driver line-up for the 2007 Formula One season. Joining race drivers Jenson Button and Rubens Barrichello will be Christian Klien in the role of Test and Reserve Driver, while J ... Continue reading

Volvo: EUR 200 M Expected in Annual Synergy Gains Through Cooperation with Nissan Diesel

Volvo: EUR 200 M Expected in Annual Synergy Gains Through Cooperation with Nissan Diesel

STOCKHOLM, Sweden--Within five years, the coordination gains between the Volvo Group and the Japanese truck manufacturer Nissan Diesel will total about EUR 200 M annually, or slightly more than SEK 1.8 billion, according to a joint study of the synergies just carried out by Volvo and Nissan Diesel. More than half of th ... Continue reading

Frost & Sullivan Recognizes Raytheon Professional Services for Innovative Training Solution Aimed at Automotive Service Industry

Frost & Sullivan Recognizes Raytheon Professional Services for Innovative Training Solution Aimed at Automotive Service Industry

PALO ALTO, Calif., Nov. 15 -- Frost & Sullivan recently named Raytheon Professional Services LLC, a subsidiary of Raytheon Company, as recipient of the 2006 Business Development Strategy Leadership of the Year Award, recognizing an innovative training solution that meets the diverse needs of the automotive service indu ... Continue reading

Volvo Engines Certified to New US Environmental Standard

Volvo Engines Certified to New US Environmental Standard

STOCKHOLM, Sweden--The US Environmental Protection Agency (EPA) has certified the Volvo Group’s (STO:VOLVA) (STO:VOLVB) new engine family to the more restrictive emission standards that go into effect in North America on January 1, 2007. Accordingly, the Volvo Group is one of the first truck manufacturers to have ... Continue reading

Elbit Vision Systems Ltd. Receives Orders Totaling $1,350,000 for Its UT Industrial Systems

Elbit Vision Systems Ltd. Receives Orders Totaling $1,350,000 for Its UT Industrial Systems

YOKNEAM, Israel--Elbit Vision Systems Ltd. (OTCBB:EVSNF) today announced that it has received new and repeat orders totaling approximately $1,350,000 from leading manufacturers for its UT industrial inspection systems. The systems are for aluminum and steel plate scanning systems. Mr. David Gal, EVS’ Chairman said ... Continue reading

ITW Reports 10 Percent Growth in Operating Revenues for Three Months Ended October 31, 2006; Base Revenues Increase 2 Percent for Three Month Period

ITW Reports 10 Percent Growth in Operating Revenues for Three Months Ended October 31, 2006; Base Revenues Increase 2 Percent for Three Month Period

GLENVIEW, Ill., Nov. 15 -- Illinois Tool Works Inc. today reported an operating revenue increase of 10 percent for the three months ended October 31, 2006. Operating revenues for the three month period consisted of 2 percent growth from base revenues and an 8 percent increase from acquisitions. While base revenue growt ... Continue reading

Commercial Vehicles Report November 2006 Released

Commercial Vehicles Report November 2006 Released

DUBLIN, Ireland--Research and Markets (http://www.researchandmarkets.com/reports/c45275) has announced the addition of Commercial Vehicles Report November 2006 to their offering. Commercial Vehicles is a dedicated round-up of all the latest global happenings in Commercial Vehicles, with featured topics including: -Corp ... Continue reading

Volkswagen Wolfsburg Edition Jetta Offers More Amenities and Value

Volkswagen Wolfsburg Edition Jetta Offers More Amenities and Value

Newest special edition model available now AUBURN HILLS, Mich., Nov. 15 -- For model year 2007, Volkswagen of America, Inc. will offer a lineup of special edition models with unique characteristics to create excitement in showrooms and individuality among owners. The Wolfsburg Edition Jetta, Fahrenheit GTI, Fahrenheit ... Continue reading

Don't Get Soaked Purchasing a Flood-Damaged Car

Don't Get Soaked Purchasing a Flood-Damaged Car

Major Flooding Throughout Western Washington Leaves Car Buyers Vulnerable SEATTLE, Nov. 15 -- As Western Washington residents brace for another spate of storm-induced flooding, one of Washington's largest auto insurers is warning of another form of saturation that could cost consumers -- a wave of used cars on the mark ... Continue reading

Lithia Motors Files Form 10-Q; Previous Filings to Be Restated for Accounting under SFAS 133

Lithia Motors Files Form 10-Q; Previous Filings to Be Restated for Accounting under SFAS 133

MEDFORD, Ore.--Lithia Motors, Inc. today announced that its third quarter 2006 financial results, originally issued on October 31, 2006, have been revised to eliminate the cash flow hedge accounting for interest rate swaps associated with its floor plan agreements. As noted in its Rule 12b-25 filing on Form NT 10-Q on ... Continue reading

Avis Budget Group Announces Expected Timing for Filing of Its Third Quarter Form 10-Q

Avis Budget Group Announces Expected Timing for Filing of Its Third Quarter Form 10-Q

Posts Avis Budget Car Rental Financial Results on the Company's Website Concludes Review of PHH Accounting Matters PARSIPPANY, N.J., Nov. 15 -- Avis Budget Group, Inc. announced today that it expects to file its Quarterly Report on Form 10-Q for third quarter 2006 on or prior to November 20, 2006. The Company has provi ... Continue reading

News From USW: Steelworkers Approve Agreement With Harley Davidson; Look Forward to Power Train Expansion in Milwaukee

News From USW: Steelworkers Approve Agreement With Harley Davidson; Look Forward to Power Train Expansion in Milwaukee

MILWAUKEE--News From USW: United Steelworker (USW) members of Local 2-209 have voted by a 943 to 536 count to approve a memorandum of agreement to their labor agreement with Harley-Davidson that requires the company to invest more than $120 million to expand production of the company’s power train capacity in Milw ... Continue reading

AAA Expects Robust Thanksgiving Weekend

AAA Expects Robust Thanksgiving Weekend

BURNSVILLE, Minn.--Higher prices for hotel rooms, rental cars and airfares will not keep families home this Thanksgiving, according to AAA. AAA estimates that 38.3 million Americans will travel 50 miles or more from home this holiday, a 2.7 percent increase from last year’s 37.3 million travelers. “Airports a ... Continue reading

2007 Ford Fusion Closeup

2007 Ford Fusion Closeup

By Chris Kassab, FCN When it comes to vehicle personalization, not all cars are created equal. "In order for customization to be successful, you have to start out with a vehicle that looks good and performs well," said Beau Boeckmann, vice president of Galpin Motors in California, the largest Ford dealership in the wor ... Continue reading

Ford Says Investment in Motor Sports "Pays Off"

Ford Says Investment in Motor Sports "Pays Off"

Dearborn MI November 14, 2006; Dan Davis is more convinced than ever that the company's investment in racing is paying off. And, he says, it's not just because he is director of Ford's North American racing programs.. "Every year for the eight years that I have been in this job, we ask whether the money we spend to run ... Continue reading

Toyota Announces Winners of FY2006 Environmental Activities Grant Program

Toyota Announces Winners of FY2006 Environmental Activities Grant Program

Tokyo, Japan, Nov 13, 2006 - (JCN Newswire) - Toyota Motor Corporation announced today the 25 winners of the FY2006 Toyota Environmental Activities Grant Program, who will each receive a total of 170 million yen. In the seven years between FY2000 and FY2006, the cumulative total of grants given by the Toyota Environmen ... Continue reading

Toyota Kicks Off 4-Day Safe-driving Event in Guangzhou, China

Toyota Kicks Off 4-Day Safe-driving Event in Guangzhou, China

Tokyo, Japan, Nov 14, 2006 - (JCN Newswire) - Toyota Motor Cororation marked the start today of a four-day Toyota Driver Communication (TDC) safe-driving event at the former Guangzhou Baiyun International Airport in Guangzhou, China. More than 100 people attended the ceremony, including officials from the Guangzhou Pub ... Continue reading

Honda and Yachiyo Strengthen Capital Ties; Towards Further Enhancement of the Mini-vehicle Business and Global Parts Supply

Honda and Yachiyo Strengthen Capital Ties; Towards Further Enhancement of the Mini-vehicle Business and Global Parts Supply

Tokyo, Japan, Nov 14, 2006 - (JCN Newswire) - Honda Motor Co., Ltd. today announced that it would further strengthen its capital ties with Yachiyo Industry Co., Ltd. to further strengthen the mini-vehicle business and the global parts supply for Honda products. At the board of directors meeting held on November 14, 200 ... Continue reading

New Camaro SuperSpeedster Debut!

New Camaro SuperSpeedster Debut!

Media Friends: SuperSpeedster SHINES AT SEMA! Debuted at the MeguiarÕs exhibit at SEMA 2006, the coachbuilt 700-plus horsepower, two-seat Camaro SuperSpeedster is the Flagship of Baldwin-MotionÕs SuperSeries. Handcrafted by artisans, the SuperSpeedster is a fully tubbed, air-conditioned wide body 1969 Camaro with pow ... Continue reading

Cooper-Standard Automotive Announces Third Quarter 2006 Results

Cooper-Standard Automotive Announces Third Quarter 2006 Results

NOVI, Mich., Nov. 14 -- Cooper-Standard Holdings Inc., the parent of Cooper-Standard Automotive Inc., today announced its third quarter 2006 financial results. The Company reported record third quarter sales of $505.5 million. The Company is a leading global manufacturer of body sealing, fluid handling, and noise, vibr ... Continue reading

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