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July 1998

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Thursday, July 16, 1998

Armadillo Victory Tour

Armadillo Victory Tour

The ARMADILLO all-terrain vehicle (ATV), with an AM General Hummer chassis and a Chevy 350 Gas engine, weighs an amazing 22,000 pounds and travels at speeds up to 50 miles per hour. ... Continue reading

Avis Rent A Car, Inc. Reports Record Second Quarter

Avis Rent A Car, Inc. Reports Record Second Quarter

Avis Rent A Car, Inc. reported record results for the second quarter and six months ended June 30, 1998. ... Continue reading

Bridgestone to Build New Plant in Japan for Diversified Products

Bridgestone to Build New Plant in Japan for Diversified Products

Bridgestone Corp announced that it will invest more than Yen 10 billion in a new Japanese plant for diversified products. The plant, scheduled to open in spring 2000, will serve rapidly growing demand for high-performance films and for precision components of rubber and plastics. ... Continue reading

Budget Perfect Drive Awards Program In Full Swing

Budget Perfect Drive Awards Program In Full Swing

Things are really swinging at Budget Rent a Car this summer. Since launching Perfect Drive in April, Budget has scored more than 250,000 applicants. Of those, nearly 1,000 members have already redeemed Perfect Drive points. ... Continue reading

CART Launches First Ever FSI in Support of US 500

CART Launches First Ever FSI in Support of US 500

Championship Auto Racing Teams, Inc., will launch its first ever Free Standing Insert that will reach 40 million homes on July 26 through Sunday newspapers in conjunction with the 1998 U.S. 500 presented by Toyota, for the same day at the Michigan Speedway. ... Continue reading

Case Corporation Reports Strong Second Quarter

Case Corporation Reports Strong Second Quarter

Case Corporation reported operating earnings for the second quarter of $199 million, and net income of $126 million or $1.61 per share. ... Continue reading

Citation Corporation Reports Q3 Results

Citation Corporation Reports Q3 Results

July 15, 1998--Citation Corporation announced all-time record sales and earnings for its fiscal third quarter and nine months ended June 28, 1998. ... Continue reading

Consumer Portfolio Services Inc. Reports 1998 Q2 Results

Consumer Portfolio Services Inc. Reports 1998 Q2 Results

Consumer Portfolio Services Inc. announced financial results for its second quarter, ended June 30, 1998. ... Continue reading

Cummins Engine Reports Q2 Earnings

Cummins Engine Reports Q2 Earnings

Cummins Engine Co. Inc. reported Q2 net earnings of $53 million, or $1.38 per share, both unchanged from year-ago levels. Earnings before interest and taxes for the quarter were a record $99 million, up 22% from the $81 million reported a year ago. ... Continue reading

Customers Rate Lexus Number-One in Satisfaction

Customers Rate Lexus Number-One in Satisfaction

Lexus vehicles and dealers once again provide the most satisfying ownership experience in the auto industry, according to the independent research firm J.D. Power and Ass. in its 1998 Customer Satisfaction Index (CSI), announced. ... Continue reading

Detroit Diesel Introduces New DDEC System

Detroit Diesel Introduces New DDEC System

Detroit Diesel Corporation announced the introduction of the most powerful electronic control system available on any heavy-duty engine, DDEC IV. ... Continue reading

Dura Automotive Systems, Inc. Announces Increases in Q2

Dura Automotive Systems, Inc. Announces Increases in Q2

Dura Automotive Systems, Inc. announced increased revenues and operating income for the second quarter and six months ended June 30, 1998. ... Continue reading

Dyna Group International Announces Q2 Results

Dyna Group International Announces Q2 Results

Dyna Group International announces second quarter sales and earnings. ... Continue reading

Ford Announces Executive Appointments

Ford Announces Executive Appointments

Ford Chairman and Chief Executive Officer Alex Trotman today announced the following executive appointments: ... Continue reading

Ford, Mercury, Lincoln and Jaguar Get High Marks from Customers

Ford, Mercury, Lincoln and Jaguar Get High Marks from Customers

Results of J.D. Power and Associates' Customer Satisfaction Index study, announced, show that Ford, Mercury, Lincoln and Jaguar all achieved higher scores and higher rankings than a year ago. ... Continue reading

Freelander to Come to North America!

Freelander to Come to North America!

Despite previous reports to the contrary, it was announced by Dr. Walter Hasselkus, Rover Group Chairman and Chief Executive, that the enthusiastically received new Land Rover Freelander will be available in N. America beginning in calendar year 2001. ... Continue reading

Goodyear Income Continues Growth Trend

Goodyear Income Continues Growth Trend

The Goodyear Tire & Rubber Company reported that its second- quarter income from continuing operations exceeded the comparable 1997 period by 9.5 percent with earnings per share growing to $1.25 versus $1.16 last year. ... Continue reading

Importing Expertise Now on the Internet

Importing Expertise Now on the Internet

IHS TransPort Data Solutions, an IHS Group company, announced the Internet release of Trade Expert, an international trade product containing rules and regulations necessary for importing goods into the United States and Canada. ... Continue reading

Intermet Sets Second Quarter Sales and Earnings Records

Intermet Sets Second Quarter Sales and Earnings Records

Intermet Corporation reported second quarter sales of $219.9 million, setting an all-time sales record for any second quarter in the company's history. Sales increased $9.0 million compared with the same period last year. ... Continue reading

Irresponsible Attack on the Integrity of Classic Mustangs Claimed

Irresponsible Attack on the Integrity of Classic Mustangs Claimed

The CBS program "Public Eye with Bryant Gumbel" has announced that it will broadcast a story alleging that the fuel systems in 1960s-era Mustangs are unsafe. The CBS story is based on allegations contained in a lawsuit filed against Ford in CA. ... Continue reading

Johnson Controls Names Chuck Harvey Group Vice President

Johnson Controls Names Chuck Harvey Group Vice President

Johnson Controls has named Chuck Harvey as group vp for human resources at the company's Automotive Systems Group. Harvey -- who joined the company in 1977 -- has been serving as director of human resources for the group's N. American and SA operations. ... Continue reading

Lear Corporation to Launch Operation in Portugal

Lear Corporation to Launch Operation in Portugal

Lear Corporation announced a major expansion of its European presence, signing a contract with the Portuguese Government that will create an automotive seat trim manufacturing operation in this community near the capital city, Lisbon. ... Continue reading

Liteglow Industries Inc. Announces June Sales Results

Liteglow Industries Inc. Announces June Sales Results

pencer Krumholz, president of Liteglow Industries Inc., announced record sales for the month of June 1998, and for the first 6-months of 1998 ... Continue reading

Lithia Motors To Acquire Two Dealerships

Lithia Motors To Acquire Two Dealerships

Lithia Motors, Inc. announced that it has entered into definitive agreements to acquire the Hutchins Toyota and the Hutchins Nissan dealerships in Eugene-Springfield, Oregon. ... Continue reading

Midas' Second Quarter Net Income Up

Midas' Second Quarter Net Income Up

Midas, Inc., announced its results for Q2 ended 06/27/98. Net income for the quarter was $11.2 million, a 19% increase from the pro forma net income of $9.4 million reported last year. ... Continue reading

Myers Industries Reports First $100 Million Quarter

Myers Industries Reports First $100 Million Quarter

Myers Industries, Inc., announced record results for the second quarter and six months ended June 30, 1998. ... Continue reading

NASCAR BGN: Mark Green In Contention for BGN Top-Ten

NASCAR BGN: Mark Green In Contention for BGN Top-Ten

NASCAR BGN: Mark Green In Contention for BGN Top-Ten ... Continue reading

NASCAR-BGN: Shell Team to Skip California and South Boston NASCAR Busch Events

NASCAR-BGN: Shell Team to Skip California and South Boston NASCAR Busch Events

NASCAR-BGN: Shell Team to Skip California and South Boston NASCAR Busch Events ... Continue reading

NASCAR-CTS, BUSINESS: Tempus Resorts, Rocky Mountain Chevy Dealers Sponsor NASCAR Truck Race

NASCAR-CTS, BUSINESS: Tempus Resorts, Rocky Mountain Chevy Dealers Sponsor NASCAR Truck Race

NASCAR-CTS, BUSINESS: Tempus Resorts, Rocky Mountain Chevy Dealers Sponsor NASCAR Truck Race ... Continue reading

NASCAR-CTS: Former NFL Coach, Current Truck Racer Jerry Glanville Plans Colorado Springs Appearance Next Week

NASCAR-CTS: Former NFL Coach, Current Truck Racer Jerry Glanville Plans Colorado Springs Appearance Next Week

NASCAR-CTS: Former NFL Coach, Current Truck Racer Jerry Glanville Plans Colorado Springs Appearance Next Week ... Continue reading

NASCAR-CTS: Miller and Dana Dodge Team Take Momentum to California

NASCAR-CTS: Miller and Dana Dodge Team Take Momentum to California

NASCAR-CTS: Miller and Dana Dodge Team Take Momentum to California ... Continue reading

NASCAR-CTS: Norick Knows Way Around California Speedway

NASCAR-CTS: Norick Knows Way Around California Speedway

NASCAR-CTS: Norick Knows Way Around California Speedway ... Continue reading

NASCAR Trucks: Scot Walters Ready for First Trip to California Speedway

NASCAR Trucks: Scot Walters Ready for First Trip to California Speedway

NASCAR Trucks: Scot Walters Ready for First Trip to California Speedway ... Continue reading

New Shock therapy for Southern California Car Thieves

New Shock therapy for Southern California Car Thieves

It sparks. It sizzles. It has a vengeance for car thieves. It's the new Auto Taser! As the first and only technology device of its kind, the Auto Taser packs a non-lethal 50,000-voltage punch to offenders. ... Continue reading

New Survey Reveals Infants Continue to be Placed in Harm's Way

New Survey Reveals Infants Continue to be Placed in Harm's Way

99% of parents with children under age one say they have heard about the risks air bags pose to children. Although most have heard and are heeding the warnings, alarmingly, 11% of parents who regularly transport an infant in a vehicle equipped with a passenger air bag continue to place babies in the front seat. ... Continue reading

Sprints: Rice Pops to Top of Sprint Car Points

Sprints: Rice Pops to Top of Sprint Car Points

Sprints: Rice Pops to Top of Sprint Car Points ... Continue reading

SPX Corporation Exceeds First Call Estimates

SPX Corporation Exceeds First Call Estimates

SPX Corporation announced second quarter 1998 financial results. Second quarter performance exceeds First Call's consensus estimate even after absorbing the shortfalls associated with the strike at General Motors. ... Continue reading

Tech/Ops Sevcon Reports Record Earnings in Third Quarter

Tech/Ops Sevcon Reports Record Earnings in Third Quarter

Tech/Ops Sevcon, Inc. reported that net income for its third fiscal quarter ended June 27, 1998 was $1,002,000, or $.32 per share, a record for any fiscal quarter. ... Continue reading

Tower Automotive, Inc. Announces Increased Q2

Tower Automotive, Inc. Announces Increased Q2

Tower Automotive, Inc. announced increased operating results for the second quarter and six months ended June 30, 1998. ... Continue reading

TRW Reports Second Quarter Results

TRW Reports Second Quarter Results

Due to the General Motors strike and the litigation settlement of a terminated contract, TRW Inc. reported a decrease in earnings of 6 percent to $125.8 million, compared with $134.4 million in the previous year. ... Continue reading

WH Announces Appointment of Ronn Claussen

WH Announces Appointment of Ronn Claussen

Whitman Corp announced that Ronn L. Claussen has been named Vice President - Treasurer. He will be responsible for the capital structure, financing, cash management, credit, and risk management for Whitman and Pepsi-Cola General Bottlers. ... Continue reading

William McKee Named President of ARI

William McKee Named President of ARI

Automotive Resources International (ARI), the world's largest privately-held fleet leasing and management company, has announced the promotion of William McKee to president of ARI, effective September 1, 1998. ... Continue reading

WoO BUSINESS: Forbrook Replaces Gerken as Kinser's Crew Chief

WoO BUSINESS: Forbrook Replaces Gerken as Kinser's Crew Chief

WoO BUSINESS: Forbrook Replaces Gerken as Kinser's Crew Chief ... Continue reading

WoO: Pennzoil World of Outlaws Postponed at Bloomington....Again

WoO: Pennzoil World of Outlaws Postponed at Bloomington....Again

WoO: Pennzoil World of Outlaws Postponed at Bloomington....Again ... Continue reading

WOO: World of Outlaws Point Standings Through July 16th

WOO: World of Outlaws Point Standings Through July 16th

WOO: World of Outlaws Point Standings Through July 16th ... Continue reading

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