MEDFORD, Ore.--Lithia Motors, Inc. today announced that full-year 2006 sales increased 11% to $3.17 billion as compared to $2.85 billion in the same period last year. New vehicle sales increased 13%, used vehicle sales increased 7%, finance/insurance sales increased 12% and parts/service sales increased 14%. Full-year ... Continue reading
Americans Struggle with Auto Insurers
***Assignment editors - This story can be localized*** HARTFORD, Conn., Feb. 15 /PRNewswire-USNewswire/ -- Recent and upcoming reports on CNN illustrate how difficult it can be for auto accident victims to get fair compensation from insurance companies, even in seemingly straightforward and minor cases. The network's 1 ... Continue reading
Siemens VDO Completes Acquisition of Ballard Systems' Electric Drive Business
DEARBORN, Mich.--Siemens VDO Automotive Corporation today officially completed the acquisition of Ballard Power Systems Inc.'s Electric Drive Business located in Dearborn, Mich., solidifying the company's long term commitment to the hybrid electric vehicle market and further electrification of the powertrain. "This is ... Continue reading
Study: Cars are Lasting Longer in the US
-- Median age for passenger cars was a record high at 9.2 years -- Five percent of all U.S. motor vehicles were scrapped in 2006 SOUTHFIELD, Mich., Feb. 15 -- According to the vehicle population report released today by R. L. Polk & Co., the median age of passenger cars in operation increased to 9.2 years in 2006, a re ... Continue reading
Precision Auto Care Announces Second Quarter FY 07 Results
LEESBURG, Va., Feb. 15 -- Precision Auto Care, Inc. (BULLETIN BOARD: PACI) announced its financial results for the second quarter of fiscal year ending June 30, 2007. Revenue was $2.8 million and loss was $38,000, or $0.00 per share, compared with a profit of $207,000, or $0.01 per share, on revenue of $2.7 million for ... Continue reading
Novelis Supplies Aluminum Sheet for Hood of 2007 BMW X5
ATLANTA, Feb. 15 -- Novelis Inc. (TSX: NVL) has been selected by BMW to supply aluminum sheet for the hood of the all-new BMW X5 Sports Activity Vehicle (SAV), produced in Spartanburg, South Carolina. The high-performance aluminum sheet for the BMW X5 will be supplied from Novelis rolling mills in Oswego, N.Y., and Kin ... Continue reading
Odyne Corporation CEO Roger M. Slotkin to be Interviewed by Meet The CEO™
HAUPPAUGE, N.Y.--Odyne Corporation (OTCBB: ODYC), the leading developer of advanced Plug-in Hybrid Electric Vehicle technology for trucks and buses, announced today that Company CEO Mr. Roger M. Slotkin will be interviewed by Meet The CEO™ (‘MTC’) Tuesday, February 20th. Mr. Slotkin will discuss the Company’s P ... Continue reading
FRAMINGHAM, Mass., Feb. 15 -- StatSure Diagnostic Systems, Inc. (BULLETIN BOARD: SSUR - News) is pleased to announce that its patented oral-fluid collection device was successfully used by the National Highway Traffic Safety Administration (NHTSA), for a pilot test program (DOT HS 810 704) titled: Pilot Test of New Roa ... Continue reading
Hooters Brings Energy to NASCAR with the Number 7
ATLANTA, Feb. 15 -- Today Hooters of America announced the most recent addition to their vast growing brand, the Hooters Energy Drink. This citrus flavored beverage will be available in convenience and grocery stores as well as Hooters restaurants across the country this spring. The 16 oz cans are offered in both regul ... Continue reading
DUBLIN, Ireland--Research and Markets (http://www.researchandmarkets.com/reports/c50488) has announced the addition of Automotive Quarterly Review (Q4-2006) to their offering. Automotive Quarterly Review (AQR) is essential for everyone who needs to stay up to date on 21 of the top passenger vehicle manufacturers global ... Continue reading
Saab shows all-ethanol Biopower at Geneva
Saab is to preview its latest bioethanol-powered engine in Geneva - an E100 (100% ethanol) compatible turbocharged 2.0-litre engine developing 300bhp and 295lb-ft. The engine is fitted in a 9-5 estate and gives 0-60mph acceleration in 6.6 seconds. The Biopower 100 concept has also received a few styling mods to emphasi ... Continue reading
Networkcar Releases White Paper 'Optimizing Fleet Maintenance with Wireless Vehicle Management'
SAN DIEGO, Feb. 15 -- Networkcar(R), a leader in wireless vehicle management, announced today the availability of a free white paper entitled "Optimizing Fleet Maintenance with Wireless Vehicle Management." Intended for managers of commercial fleets, the white paper explains how remotely monitoring engine diagnostics c ... Continue reading
NEU-ULM, Germany, Feb. 15 -- Dana Corporation announced today that it is supplying its Victor Reinz(R) multi-layer steel (MLS) cylinder-head gaskets for the Bugatti high-performance W16 engine. The three-layer MLS cylinder-head gasket features Dana's patented Victor Reinz(R) Wave-Stopper(TM) sealing technology. The W16 ... Continue reading
Hayes Lemmerz Completes Previously Announced Sale of Suspension Facilities
NORTHVILLE, Mich., Feb. 15 -- Hayes Lemmerz International, Inc. today announced that it has completed the sale of its suspension facilities located in Bristol, Indiana and Montague, Michigan to Diversified Machine, Inc., which was previously announced on February 2, 2007. Hayes Lemmerz International, Inc. is a leading ... Continue reading
Kia cee'd Sporty Wagon model range set for Geneva debut
NEWS FOR IMMEDIATE RELEASE CONTACT: Michael Choo (mjc@kia.co.kr <mailto:cdore@kia.co.kr> ), International Communications Manager, Kia Motors Corporation, Tel: +82-2-3464-5663 Kia cee'd Sporty Wagon model range set for Geneva debut - Unique tailgate design offers excellent load area access (SEOUL) February 15, 2007 -- T ... Continue reading
GLENVIEW, Ill., Feb. 15 -- Illinois Tool Works Inc. today reported an operating revenue increase of 14 percent for the three months ended January 31, 2007. Operating revenues for the three month period consisted of 2 percent growth from base revenues, a 9 percent increase from acquisitions and a 3 percent contribution ... Continue reading
Asbury Automotive Group Reports Fourth Quarter and Full Year 2006 Financial Results
Fourth Quarter Income from Continuing Operations Increases 8%; Up 25% on an Adjusted Basis SG&A on an Adjusted Basis Improves 160 Basis Points for the Fourth Quarter Announces 1.3 Million Share Repurchase Program NEW YORK, Feb. 15 -- Asbury Automotive Group, Inc. , one of the largest automotive retail and service compa ... Continue reading
NEW YORK, Feb. 15 -- Asbury Automotive Group, Inc. , one of the largest automotive retail and service companies in the U.S., today announced that Kenneth B. Gilman, President and CEO, plans to retire effective May 4, 2007, the date of the Company's annual meeting. Mr. Gilman is also resigning from the Board of Director ... Continue reading
Advance Auto Parts Reports Fourth Quarter and Annual Results
ROANOKE, Va.--Advance Auto Parts, Inc. , a leading retailer of automotive aftermarket parts, accessories, batteries, and maintenance items, today announced its financial results for the fiscal fourth quarter and year ended December 30, 2006. Earnings per diluted share for the fourth quarter were $0.33, compared to $0.3 ... Continue reading
State Auto Financial Reports Record Fourth Quarter Results
COLUMBUS, Ohio--State Auto Financial Corporation today reported record fourth quarter net income of $44.9 million, or $1.08 per diluted share, versus $29.5 million or $0.71 per diluted share for the same period in 2005. Net income from operations(a) per diluted share for the fourth quarter of 2006 was $1.03, versus $0. ... Continue reading
SAAB: Saab’s Board of Directors Proposes a Long Term Share Matching Plan 2007 for All Employees
STOCKHOLM, Sweden--The Saab (STO:SAABB) Board of Directors has decided to present a long term Share Matching Plan 2007 (âSMP 2007â) at its general annual meeting of shareholders at 12th April 2007. The Board of Directors find it essential and in all shareholdersâ interest that employees in the group have ... Continue reading
STOCKHOLM, Sweden--SAAB (STO:SAABB): - Sales amounted to SEK 21,063 m. (19,314) - Net income for the year was SEK 1,347 m. (1,199) - Earnings per share amounted to SEK 11.91 (10.89) - The proposed dividend per share is SEK 4.25 (4.00) - Order bookings amounted to SEK 27,575 m. (17,512) and the order backlog totaled SEK ... Continue reading
What: The DaimlerChrysler Corporation Fund will donate $50,000 to Second Harvest Food Bank of Central Florida -- $25,000 in food and $25,000 in cash -- to assist residents affected by the recent tornado. Eight Dodge Rams filled with food will leave from DaimlerChrysler's Orlando Parts Distribution Center (PDC) and deli ... Continue reading
Interstate 78 Closed in Berks County, Pennsylvania
Motorists Should Avoid the Area HARRISBURG, Pa., Feb. 15 /PRNewswire-USNewswire/ -- Weather-related problems caused Interstate 78 in Berks County to remain closed Thursday between the Interstate 81 interchange and Exit 49. PennDOT is asking all motorists to avoid the area. A severe winter storm dropped several inches o ... Continue reading
Speak Out! Feds Seek Public Comment on Super Fast Semis
ATLANTA--The U.S. Department of Transportation announced January 26 that a petition filed jointly by Road Safe America and a consortium of trucking industry leaders, including Schneider National Inc. and nine other motor carriers is open for public comment. The proposed regulation would affect trucks weighing more than ... Continue reading
Shell is Made to Move as 2007 Nextel Cup Season Gets Underway
Shell Offers New Branded Experiences and Products By Activating Its Kevin Harvick Sponsorship With a 360-Degree Plan HOUSTON, Feb. 15 -- Just in time for the 2007 Nextel Cup Season and to support a new relationship, Shell Oil Company announces an integrated marketing platform aimed at raising its brand profile with NAS ... Continue reading
Spartan Motors Reports Best-Ever Fourth Quarter and Year End Results
Sales in All Segments Grow; Consolidated Backlog Increases 38.3 Percent CHARLOTTE, Mich., Feb. 15 -- Spartan Motors, Inc. today reported its earnings more than tripled for the fourth quarter ended Dec. 31, 2006, boosted by net sales gains of 63.8 percent. Spartan had 2006 fourth quarter net earnings of $3.3 million, or ... Continue reading
Spartan Motors to Present at Roth Capital Partners 19th Annual OC Conference
CHARLOTTE, Mich., Feb. 15 -- John E. Sztykiel, president and CEO of Spartan Motors, Inc. , will present to institutional investors at the Roth Capital Partners 19th Annual OC Conference at 11:00 a.m. ET (8:00 a.m. PT) on Feb. 21 at the Ritz Carlton in Laguna Niguel, Calif. A live webcast of the presentation will be at ... Continue reading
Tenneco Plans to Launch Refinancing of Senior Credit Facility to Enhance Financial Flexibility
LAKE FOREST, Ill., Feb. 15 -- Tenneco Inc. announced today that it plans to launch a transaction to refinance its existing $831 million senior credit facility, which will be replaced by a new $830 million senior credit facility. This transaction is expected to enhance the company's financial flexibility by extending th ... Continue reading
Freightliner Sprinter's Performance Refines Automotive Category
Category-Creating Vehicle Gives Small Businesses More AUBURN HILLS, Mich., Feb. 15 -- Minivan, SAV, crossover, SUV. Now consumers and small-business owners can add CUV to their automotive dictionary when the Freightliner Sprinter hits dealer lots. The Freightliner Sprinter wears the CUV badge, which is short for commer ... Continue reading
Tenneco Targets Growth With Japanese Customers
TOKYO, Feb. 15 -- Tenneco Inc. is focusing on growth with Japan-based original equipment customers, said Gregg Sherrill, the company's new chairman and CEO. Sherrill is hosting a press briefing today, following a week of customer meetings in Japan, to outline its long-term expansion plans with the Japanese OEMs. (Logo: ... Continue reading
K & F Industries Holdings, Inc. Reports Record Results for 2006
2007 Guidance Increased 2006 revenue of $424 million 2006 net income of $54 million or $1.35 per diluted share 2006 bookings of $560 million Backlog grows 89% to $297 million Fourth quarter sales of $124 million Fourth quarter net income of $18 million or $0.45 per share WHITE PLAINS, N.Y., Feb. 15 -- K & F Industries ... Continue reading
Briggs & Stratton Corporation Announces Adoption of Rule 10b5-1 Plans By Executive Officers
MILWAUKEE, Feb. 15 -- Briggs & Stratton Corporation Briggs & Stratton Corporation (the "Company") today announced that the following executive officers of the Company have each entered into individual stock trading plans in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934: John S. Shiely, Chairman, Pr ... Continue reading
CTS Awarded Production Programs for Seat Belt Tension Sensors
ELKHART, Ind.--CTS Corporation today announced that CTS Automotive Products was awarded multiple production programs for its Seat Belt Tension Sensor (BTS) by a major North American global vehicle manufacturer. CTSâ Seat Belt Tension Sensor will be integrated into seat belt assemblies for small and mid-sized vehic ... Continue reading
38% Fewer Fatal Crashes in States With Toughest Teen Driving Laws
Seven common components of GDL laws are characteristic of the most effective programs. AURORA, Ill., Feb. 15 -- Sixteen-year-old drivers are involved in 38 percent fewer fatal crashes and 40 percent fewer crashes resulting in injuries if their state has a graduated driver licensing (GDL) program with at least five of s ... Continue reading
Guidepoint the #1 Stolen Vehicle Tracking Service: Frost & Sullivan
PONTIAC, Mich., Feb. 15 -- Global consulting firm Frost & Sullivan has selected GuidePoint Systems(TM) as the top-ranked stolen vehicle tracking system in North America. Guidepoint (www.guidepointsystems.com) said it has been chosen to receive Frost & Sullivan's 2007 North American Stolen Vehicle Tracking Best Bang for ... Continue reading
A New Year, A New Career: GEICO Plans to Hire More Than 200 for Tucson Office in 2007
TUCSON, Ariz.--GEICO plans to hire some 230 associates as policy service and claim service representatives during 2007. Pay levels have increased from $13 to $14 per hour; compensation may be more for candidates who are able to include evening hours in their schedule. Since GEICO opened its customer service operations ... Continue reading
Hickok Incorporated Reports First Quarter Operating Results
CLEVELAND, Feb. 15 -- Hickok Incorporated (BULLETIN BOARD: HICKA) , a Cleveland based supplier of products and services for automotive, locomotive, and aircraft industries, today reported operating results for its fiscal 2007 first quarter ended December 31, 2006. For the quarter ended December 31, 2006, the Company re ... Continue reading
Time for Hybrid Buyers to Cash in on Federal Income Tax Credit
Time for Hybrid Buyers to Cash in on Federal Income Tax Credit This is the first year hybrid buyers can claim the new hybrid vehicle credit on their Federal income tax return. The new tax credits, as high as $3,150 for some vehicles, are a significant increase over the tax deductions previously available for hybrids. U ... Continue reading
The ACEA Agreement - What Will its Strategic Impact on European Vehicle Manufacturers be?
Frost & Sullivan to Host Quarterly Analyst Briefing on ACEA Agreement on Thursday 22 February 2007 LONDON, February 15 -- Frost & Sullivan will host a conference call on Thursday 22 February at 15.00 GMT to provide industry participants with an overview of the recently published study entitled "A Strategic Assessment o ... Continue reading
AAA Calls on Parents to 'Keep the Keys' of Teen Drivers in Light of New Research
WASHINGTON, Feb. 15 /PRNewswire-USNewswire/ -- In light of new research released today, AAA has issued a challenge to parents to "keep the keys" from their teen driver until a Parent-Teen Agreement is signed. AAA also challenged state legislators across the country to enact laws to strengthen existing graduated driver ... Continue reading
International Brand Auto Dealers Optimistic About 2007
Washington DC February 15, 2007; The AIADA newsletter reported that a recent survey by Automotive News states International dealers are confident about their future with two-thirds of dealers who sell Toyota and Nissan brands anticipating higher net profits this year than in 2006. The unscientific poll showed differenc ... Continue reading
Water Damaged Vehicles Flood Markets
Washington DC February 15, 2007; The AIADA newsletter reported that a new Carfax report says that flood damaged, title-washed vehicles are appearing on the market at twice their usual rate. The jump is being attributed to Hurricane Katrina. According to Automotive News, incidences of flood-damaged cars and trucks uncov ... Continue reading
Candidate Vilsack Talks Tough on Energy - Has a Real Plan
Washington DC February 15, 2007; The AIADA newsletter reported that yesterday in California, 2008 Democratic presidential candidate Tom Vilsack called energy security "the single most important issue facing America today". The two-term Iowa Governor said that freeing the nation from foreign-oil dependence and the threa ... Continue reading
ZAP to Pay 10 Percent Stock Dividend to Shareholders of Record as of February 15
SANTA ROSA, Calif.--Advanced transportation pioneer ZAP (OTC Bulletin Board:ZAAP) today announced that shareholders of record as of February 15, 2007, tomorrow, will receive a 10 percent stock dividend, according to ZAP CEO Steve Schneider. "We are grateful for the support of our shareholders over the past 12 years and ... Continue reading
Roush Racing and Fenway Sports Group Partner to Form Roush Fenway Racing
DAYTONA BEACH, Fla., Feb. 14 -- Today, during Speedweeks in Daytona Beach, Fla., Roush Racing and Fenway Sports Group (FSG) announced the formation of Roush Fenway Racing. Under the agreement, FSG will purchase 50 percent of Roush Racing to form the new entity. Jack Roush will continue to manage the competitive operati ... Continue reading
Harley-Davidson, Inc. Declares Dividend
MILWAUKEE, Feb. 14 -- Harley-Davidson, Inc. announced today that its Board of Directors approved a cash dividend of $0.21 per share for the first quarter of 2007. The dividend is payable March 20, 2007 to the holders of record of the Company's common stock on March 5, 2007. Harley-Davidson, Inc. is the parent company f ... Continue reading
FORD RACING NOTES AND QUOTES Orbitz 300 Advance (Busch), Page 1 February 14, 2007 Daytona International Speedway Jon Wood, driver of the No. 47 Ford Fusion, posted the fastest time in today's Busch Series practice session with a time of 48.046 seconds (187.320 mph). Wood spoke about his fast lap and how it will transla ... Continue reading
GREY GOOSE(R) Vodka Creates Customized Rolls-Royces to Help Promote Social Responsibility Message
MIAMI, Feb. 14 -- GREY GOOSE(R) "The World's Best Tasting Vodka," has teamed up with Rolls-Royce, the undisputed leader in the ultra-luxury sedan segment, to create two customized limited-edition Rolls-Royce Extended Wheelbase Phantoms to serve as a platform to promote their social responsibility message of enjoying a ... Continue reading
Shell NASCAR Sponsorship Activation Program
Shell Oil Company FOR IMMEDIATE RELEASE: Feb. 14, 2007 SHELL IS MADE TO MOVE AS 2007 NEXTEL CUP SEASON GETS UNDERWAY Shell offers new branded experiences and products by activating its Kevin Harvick sponsorship with a 360-degree plan Houston - Feb. 14, 2007 - Just in time for the 2007 Nextel Cup Season and to support a ... Continue reading
American Graffiti Stars at Perfomance World Custom Car & Truck Show
America Graffiti Stars Coming to the 2007 Performance World Custom Car & Truck Show Wednesday, February 14, 2007 (Toronto) - In 1973, the world was introduced to a movie that has since become a classic. American Graffiti brought the 1960's back to life with supped-up cars and drag racing. Performance World Custom Car a ... Continue reading
Bean; BlackJack Racing Soldiers To Top-20 Finish In Daytona
Bean; BlackJack Racing Soldiers To Top-20 Finish In Daytona DAYTONA BEACH, Fla (Wednesday, February 14, 2007) - - Dexter Bean already has a solid start to his 2007 ARCA RE/MAX Series season after fighting back from early race misfortune to score a top-20 finish in last Saturdayââ¬â¢s ARCA 200 at Daytona. The ... Continue reading
AUBURN HILLS, Michigan, February 14 -- - Financial Impact - Return to profitability by 2008 - Employee Impact - 13,000 employee reduction; Newark Assembly Plant to be idled, shifts eliminated and total capacity reduced by 400,000 units - Redesigned business model for long-term competitiveness, including greater emphasi ... Continue reading
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