DaimlerChrysler Canada and C.A.W. Reach Framework for a Tentative Collective Agreement
TORONTO, Oct. 16, 2002; DaimlerChrysler Canada and the Canadian Auto Workers' (C.A.W.) union have agreed on the framework of a tentative contract that intends to bring new investment to the Windsor area, and addresses other key issues raised during 2002 collective bargaining. The economic offer is based on the pattern ... Continue reading
Woodcliff Lake, New Jersey July 1, 2002 ... The all-new BMW Z4 roadster marks another highlight in BMW's new design strategy, and sets new standards for premium roadsters. When its predecessor, the BMW Z3 roadster, was introduced in 1995 (as a '96 model), it captured people's attention - in particular with its public d ... Continue reading
Latest Crash Results And Rollover<br>Results From NHTSA
Crash Test Results, Rollover Ratings for The National Highway Traffic Safety Administration's (NHTSA) crash test results and rollover ratings for selected 2002 and 2003 models are now available on the agency's web site: www.nhtsa.dot.gov. Rated for rollover resistance are the 2002 Honda Civic two-door hatchback, MINI C ... Continue reading
Four Americans to Join 76 Other Amateur Private Eyes From Around the World To Solve BMW "Art Theft"
New York, NY - October 15, 2002. MINI USA today announced the names of the four Americans chosen to represent the U.S. in an international crime-solving adventure in Barcelona dubbed "MISSION MINI." The winners will be flown to Barcelona on November 6 to take part in the four-day, MINI-driving mystery. The winners Bria ... Continue reading
CAMBRIDGE, Mass.--Oct. 16, 2002--With technologies that would curb gas guzzling already well-advanced in the lab and in some cases readily available, isn't it possible to build a reasonably priced SUV that can get 40-mpg and still provide the performance, safety and comfort consumers expect? Yes, a 40-mpg SUV could be ... Continue reading
FOR RELEASE: October 16, 2002 Los Angeles -- General Motors, the world's largest vehicle manufacturer, today announced a series of media activities that will take place during the 23rd Annual United States Hispanic Chamber of Commerce National Convention and Business Expo taking place in Los Angeles, October 16-19. Gen ... Continue reading
FORD CREDIT EARNS $294 MILLION IN THE THIRD QUARTER- (Even With 0% Financing Huh?)
DEARBORN, Mich., October 16, 2002 – Ford Credit earned $294 million in the third quarter of 2002, compared with $376 million in the same period a year ago. Excluding adjustments related to SFAS No. 133 (Accounting for Derivative Instruments and Hedging Activities), Ford Credit earned $408 million, up $19 million ... Continue reading
Ford GT(40) Pricing - Under $150K
DEARBORN, Oct. 15, 2002 – Winning the 1966 24-Hours at Le Mans in 1-2-3 fashion: priceless. Beating Enzo Ferrari at his own game: priceless. Driving home in a new Ford GT in 2004: about six figures. Ford announced to dealers the first details about the upcoming production version of its award-winning GT40. ... Continue reading
Paid Study Says Irvine Company Generates More Online Sales Than Any Other Automotive Site
IRVINE, Calif.--Oct. 16, 2002--For the fourth year in a row, J.D. Power and Associates New Autoshopper.com Study(SM) has found Autobytel to be the most popular online buying service with car buyers. According to the 2002 study, Autobytel generates over twice as many car sales as any other independent online site includ ... Continue reading
Microtune Brings Latest in RF and Bluetooth Solutions to Automotive Market
PLANO, Texas-- Oct. 16, 2002-- Microtune®, Inc., a radio frequency (RF)-based silicon and systems supplier with a rich history of providing specialized, quality-driven automotive electronics solutions, will showcase its products and the latest customer applications in its booth (Number 1342) at the upcoming Convergenc ... Continue reading
Cooper Tire & Rubber Company Reports Third Quarter Results
Third Quarter Highlights * Basic earnings per share of 32 cents * Net sales increased by 6 percent * Tire unit sales outpace the industry * Automotive Group sales up 14 percent * Automotive Group operating margins up sharply FINDLAY, Ohio, Oct. 16, 2002 Cooper Tire & Rubber Company today reported net income of $23 mill ... Continue reading
Delphi Reports Solid Third Quarter Results Driven by Non-GM Sales Growth
Operating cash flow of $225 million climbs 103 percent year-over-year TROY, Mich., Oct. 16, 2002; Delphi Corp.today reported a solid 64 percent year-over-year increase in earnings for the third quarter 2002 as the company benefited from a 3.5 percent increase in sales revenue while operating at a lower breakeven point ... Continue reading
Porsche Drops Plans for NYSE Listing
FRANKFURT, Oct 16, 2002 Reuters reported that German sports car maker Porsche AG (XETRA:PSHG_p.DE - News) said on Wednesday it had dropped plans to apply for a New York listing because it did not agree with new U.S. rules that force CEOs to swear to the accuracy of accounts. Porsche Chief Executive Wendelin Wiedeking h ... Continue reading
Ford 3rd Quarter Worldwide Vehicle Sales 1,657,000 Units
<pre> Ford Motor Co. - Dearborn, Mich. 3rd Quar Sept. 30: 2002 2001 Revenue $39,580,000,000 $36,324,000,000 Net income a (326,000,000) b (692,000,000) Shr earns Net income a (.18) b (.39) </pre><p> Figures in parentheses are losses.<p> a. Includes a charge of 29 cents a share for Kwik-Fit and other assets held for sale ... Continue reading
Industries Analyzed: PC, Software, E-Commerce, Telecom and Automotive SAN DIEGO--Oct. 16, 2002--Despite the fact that the biggest piece of a marketing budget is still being allocated to traditional advertising mediums such as television, newspapers and radio, few companies have found effective ways of measuring the res ... Continue reading
SAN JOSE, Calif., Oct. 16, 2002- Demand for direct current (DC) fractional horsepower motors is increasing as application areas within the automotive industry widen. Increasing usage in luxury cars, power electric rearview mirrors, and oscillating air conditioning vents, among others, is expected to positively impact m ... Continue reading
Turn Signals are for Wimps, According to Dr. Roadmap's L.A. FREEWAY GAME
LOS ANGELES--Oct. 16, 2002-- While the Game Stirs Fierce Competition On the Playing Board, Dr. Roadmap Says It Will Help Decrease Congestion On the Freeways In an 11 a.m. meeting on Oct. 16, 2002, David Rizzo, better known as Dr. Roadmap, will present a copy of his new L.A. FREEWAY GAME -- a board game that entertains ... Continue reading
ADVISORY/AAA Texas Says October Most Dangerous Month in Texas for Teen Drivers
-- WHAT & For the past 25 years, October has been found to be the WHY: most dangerous month for teen drivers in Texas. AAA Texas looked at statistics dating as far back as 1975, and found that on average more teens, aged 15 to 17, are killed or injured in October than any other month of the year. In light of this findi ... Continue reading
Alibre Design Import Extender Expands ALGOR's Support for CAD
PITTSBURGH--Oct. 15, 2002--ALGOR, Inc., a leading maker of software for mechanical engineers, recently added support for the Alibre Design 3-D parametric modeling package from Alibre, Inc. Engineers can use the new Alibre Design Import Extender to open native Alibre Design parts and assemblies in ALGOR for any type of ... Continue reading
PITTSBURGH--Oct. 15, 2002--Ansoft Corporation today released PExprt(TM), a new software tool that helps to optimize and speed the design of transformers and inductors, magnetic components common to electrical systems found in automobiles, aircraft, and personal communication devices. PExprt, the first software of its k ... Continue reading
Reichhold Announces New Assistant General Counsel
RESEARCH TRIANGLE PARK, N.C.--Oct. 15, 2002--Reichhold today announced that Edward Ovsenik joined the company as assistant general counsel on October 15. In his new role, Ovsenik is responsible for legal issues associated with environmental and real estate matters for all Reichhold businesses on a global basis. "The ro ... Continue reading
Saw Mill Capital and Management Complete Recapitalization of Turner Bros. LLC
WESTCHESTER, N.Y.--Oct. 15, 2002--Saw Mill Capital LLC, a New York-based investment firm, together with management, announced today the recapitalization of Turner Bros. LLC of Oklahoma City, Oklahoma. Turner Bros. LLC ("Turner" or the "Company") provides a wide variety of highly specialized heavy haul transportation an ... Continue reading
Werner Enterprises Reports Fourth Consecutive Quarter of Higher Operating Revenues and Earnings
OMAHA, Neb.--Oct. 15, 2002--Werner Enterprises, Inc. , one of the nation's largest truckload transportation companies, today reported higher operating revenues and earnings for the third quarter ended September 30, 2002. Operating revenues increased 4% to $336.1 million compared to $322.6 million in third quarter 2001. ... Continue reading
Ferrari President Faults Anti Michael F1 Proposals
TURIN, Italy, October 15, 2002; The AP reports that the head of Ferrari racing called Formula One's plans to introduce a handicapping system next season "insane." Ferrari president Luca Cordero di Montezemolo, whose team won 15 of 17 F1 races this season, made his remarks one day after five-time champion and Ferrari dr ... Continue reading
Hyundai - DaimlerChrysler Venture To Launch Mid 2003
SEOUL, Oct 16 Reuters reported that Hyundai, South Korea's largest automaker, said on Wednesday its expected to launch a commercial vehicle joint venture with DaimlerChrysler AG around the first half of 2003. "We expect the joint venture to be launched around the first half of next year", Choi Johng-sik, executive vice ... Continue reading
AUBURN HILLS, Mich., Oct. 15, 2002; Drive, determination and confidence are all characteristics of leaders. Today, Mark Norman, Chrysler Group Vice President - Sales and Marketing Operations, was honored as one of the "best of the best" for his leadership skills by the Automotive Hall of Fame with its prestigious "Youn ... Continue reading
Harley-Davidson, Inc. Reports Record Third Quarter
MILWAUKEE, Oct. 15, 2002 Harley-Davidson announced record revenue and earnings for its third quarter ended September 29, 2002. The Company's third quarter revenue was $1.14 billion, an increase of 31.8 percent over the third quarter last year. Diluted earnings per share were 54 cents, a 50 percent increase compared wit ... Continue reading
US Retail Gasoline Price Highest Since September 2001
WASHINGTON DC, Oct 15, 2002; Tom Doggett writing for Reuters reported that U.S. drivers are paying more at the pump to fill their cars and trucks, as weekly retail gasoline prices hit their highest level in more than a year, the Energy Department said on Tuesday. Gasoline costs increased a slight 0.1 cents a gallon ove ... Continue reading
Digital Motorworks and Experian Join Forces in the UK
AUSTIN, Texas--Oct. 15, 2002--Digital Motorworks (DMi) has formed an alliance with Experian(R), the global information solutions company, to provide data integration services to the automotive industry in the United Kingdom. The partnership grants exclusive rights for Experian to utilize DMi's InfoIQ(SM) data integrati ... Continue reading
LA Auto Club: Southern California Gas Prices Drop; Local Prices Counter National Price Increase
LOS ANGELES--Oct. 15, 2002--The October monthly average price of gasoline in Southern California dropped more than 5 cents, compared with September, according to the Automobile Club of Southern California's monthly Fuel Gauge Report. The Southern California average price for regular self-serve unleaded gasoline is $1.5 ... Continue reading
Truck Dealer Rush Enterprises Inc. Reports Third Quarter Results
SAN ANTONIO--Oct. 15, 2002--Rush Enterprises Inc. , which operates the largest network of Peterbilt heavy-duty truck dealerships in North America, John Deere construction equipment dealerships in Texas and Michigan, and three of the largest farm and ranch superstores (D&D) in America, today announced results for the qu ... Continue reading
AmeriCredit Reports First Quarter Operating Results
FORT WORTH, Texas--Oct. 15, 2002--AmeriCredit Corp. today announced net income of $70.2 million, or $0.81 per share, for its first fiscal quarter ended September 30, 2002, versus earnings of $78.7 million, or $0.88 per share, for the same period a year earlier. Automobile loan purchases were $2.42 billion for the first ... Continue reading
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