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May 2002

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Friday, May 17, 2002

Exide names CEO Muhlhauser also as chairman

Exide names CEO Muhlhauser also as chairman

PRINCETON, N.J., May 17 Reuters reported that Exide Technologies Inc., the world's largest automotive battery maker, on Friday said it named Chief Executive Craig Muhlhauser to the additional post of chairman, effective immediately. Muhlhauser replaces Robert Lutz, who resigned as chairman but will remain a director of ... Continue reading

Honda Announces Pricing For All-New 2003 Pilot SUV

Honda Announces Pricing For All-New 2003 Pilot SUV

TORRANCE, Calif., May 17 -- Honda's all-new sport utility vehicle, Pilot, will go on-sale June 3 as a 2003 model with prices beginning at $26,900 for LX models, and $29,270 for EX models, American Honda Motor Co., Inc., announced today.Standard equipment on LX models include a 240-horsepower, VTEC V-6 engine and five-s ... Continue reading

Skuza Leads Mopar NHRA Qualifying

Skuza Leads Mopar NHRA Qualifying

Mopar Motorsports NHRA POWERade Drag Racing Series Matco Tools SuperNationals Notes & Quotes ­ May 17, 2002 TELEVISION TIMES: (ALL TIMES EASTERN) QUALIFYING: Sat., May 18; 5-7 p.m.; ESPN REPEAT: Sat., May 18; 10 p.m.-12 a.m.; ESPN2 FINAL ROUND: Sun., May 19; 7­ 10 p.m.; ESPN2 REPEAT: Tues., May 20; 2-4 p.m.; ESPN2 EN ... Continue reading

Ward's Reports Estimated Production

Ward's Reports Estimated Production

SOUTHFIELD, Mich., May 17 -- Vehicle production this week in the U.S., Canada and Mexico is expected to hit an estimated 352,685 units, down from the 361,569 cars and trucks built last week, according to Ward's Automotive Reports.Including this week's estimates, calendar year North American output now totals 6,665,481 ... Continue reading

Jaguar Site Re-Launch

Jaguar Site Re-Launch

FT. LAUDERDALE, Fla., May 17 -- Newly redesigned sites, www.smalltimes.com and media.jaguar.com , launch with the improved functionality of TEKgroup International's media management software, TEKmedia Manager. Although disparate, both sites utilize the customization strengths of the base package. TEKmedia Manager featu ... Continue reading

WSJ: Dearborn Car Maker to Name Gilmour CFO - Will This Help Pacify Investors?

WSJ: Dearborn Car Maker to Name Gilmour CFO - Will This Help Pacify Investors?

NEW YORK Reuters is reporting that Auto maker Ford Motor Co. is expected to call former Vice Chairman Allan Gilmour out of retirement to become chief financial officer in yet another move to kickstart its turnaround, the Wall Street Journal reported on its online edition Friday. Citing people familiar with the situatio ... Continue reading

Reuters Company News

Reuters Company News

TOKYO, May 17 Reuters reported that Fuji Heavy Industries, the maker of rugged Subaru-brand vehicles, reported on Friday a surprise 8.3 percent rise in operating profit in the past business year, but it warned of a rougher road this year. The automaker, 20 percent owned by General Motors Corp, also announced it was pul ... Continue reading

Lord & Taylor Unveils Corvette's 50th Anniversary Edition Model

Lord & Taylor Unveils Corvette's 50th Anniversary Edition Model

NEW YORK, May 17 -- Lord & Taylor will unveil Corvette's 50th Anniversary Edition model on Wednesday, May 22. The ultimate fashion accessory, the 2003 Corvette will be seen first in the store's Fifth Avenue windows, a week before it is seen again at the Indianapolis 500 race. Along with the 2003 model, Lord & Taylor wi ... Continue reading

Tomkins Year End Trading Update, Change of Accounting Reference Date & Introduction of Quarterly Reporting

Tomkins Year End Trading Update, Change of Accounting Reference Date & Introduction of Quarterly Reporting

LONDON--May 17, 2002--Tomkins PLC , the global engineering group, today announced the following update on trading in the second half of its financial year ahead of the announcement of preliminary results for the year ended April 30, 2002 on June 27, 2002: "The group continued to trade satisfactorily in the second half ... Continue reading

Superior Industries Named General Motors Supplier of the Year For Second Straight Year

Superior Industries Named General Motors Supplier of the Year For Second Straight Year

VAN NUYS, Calif.--May 16, 2002--"For the second consecutive year, we are proud to announce that Superior Industries International, Inc. has been named a General Motors Supplier of the Year," said Louis Borick, Chairman and President of Superior Industries. The award was presented during ceremonies on April 27th in Toro ... Continue reading

CASCAR - Delaware Mopar Parts 250 - Preview

CASCAR - Delaware Mopar Parts 250 - Preview

** You may have received this message twice. It is being re-sent because of an issue with an outgoing mail server. Sorry for the inconvenience. CASCAR Super Series For immediate release / May 16, 2002 Round #1 of 12 / Delaware Speedway Weekend Preview CASCAR Super Series commences with Mopar Parts 250 LONDON, ON - Cana ... Continue reading

Woodside to Chase Top Spot in Southwest Series Championship Points at Pikes Peak

Woodside to Chase Top Spot in Southwest Series Championship Points at Pikes Peak

Contacts: Barbara Evans, Evans MMPR 818/832-7649 704/662-9724 818/404-5770 (cell) evansmmpr@earthlink.net FOR IMMEDIATE RELEASE WOODSIDE TO CHASE TOP SPOT IN SOUTHWEST SERIES CHAMPIONSHIP POINTS AT PIKES PEAK May 15, 2002 (Saugus, Calif.) - Sean Woodside heads to Pikes Peak International Raceway in Fountain, Colo. for ... Continue reading

LA Auto Club: For Fifth Consecutive Week Gas Prices Find Lower Levels

LA Auto Club: For Fifth Consecutive Week Gas Prices Find Lower Levels

LOS ANGELES--May 17, 2002--The average price of gasoline dipped slightly for the fifth straight week as price stability at the pump enters its second month, according to the Weekend Gas Watch, compiled by the Automobile Club of Southern California. The Weekend Gas Watch monitors the average price of gasoline at popular ... Continue reading

AAA Texas' Weekend Gas Watch; Gas Prices Decrease as Memorial Day Approaches

AAA Texas' Weekend Gas Watch; Gas Prices Decrease as Memorial Day Approaches

HOUSTON--May 17, 2002--Fuel prices dropped again last week, according to the Weekend Gas Watch, compiled by AAA Texas. The Weekend Gas Watch monitors the average price of gasoline at popular destinations for motoring trips. Corpus Christi motorists saw the biggest decrease. They're paying an average of $1.310 a gallon ... Continue reading

10,000 Spectators Expected at Annual Bellflower Car Show

10,000 Spectators Expected at Annual Bellflower Car Show

BELLFLOWER, Calif.--May 16, 2002-- Saturday, June 1st from 4:00 - 9:00 p.m. on the Boulevard The City of Bellflower proudly presents the Fourth Annual Bellflower Car Show on Saturday, June 1st from 4:00 p.m. to 9:00 p.m. along Bellflower Boulevard in the historic Downtown area. Collectors will display their customs, cl ... Continue reading

Cycle Country Generates Over $7 Million in Revenues for the First Six Months of Fiscal 2002

Cycle Country Generates Over $7 Million in Revenues for the First Six Months of Fiscal 2002

MILFORD, Ia.--May 16, 2002--Cycle Country Accessories Corp. (OTCBB:CYCY), the recognized leader in developing and manufacturing custom-fitted accessories for the all-terrain vehicle (ATV), announces revenues of $7,034,823 for the six-month period ending March 31, 2002. This represents a 5.8% decrease compared with reco ... Continue reading

Law Hopes for Three-Peat At 6 Hours of The Glen

Law Hopes for Three-Peat At 6 Hours of The Glen

Law Hopes for Three-Peat At 6 Hours of The Glen WATKINS GLEN, N.Y. (May 16, 2002) -- When Darren Law travels to Watkins Glen International next month for the Sports Car Grand Prix, he hopes that three will be his lucky number. After winning the GT class at the 2000 and 2001 6 Hours of The Glen, Law will look to add a t ... Continue reading

SmarTire Systems Recruits Chief Operating Officer

SmarTire Systems Recruits Chief Operating Officer

RICHMOND, British Columbia--May 16, 2002-- SmarTire Systems Inc. , a leading developer of tire pressure and temperature monitoring technology, welcomes Al Kozak to the executive management team as Chief Operating Officer. This new position was created by the Company's Board of Directors to fully capitalize on market op ... Continue reading

Bad Luck Continues for Montgomery

Bad Luck Continues for Montgomery

Bad Luck Continues for Montgomery CONCORD, NC. (May 16, 2002) - The black cloud is still hanging over the #27 Montgomery Motorsports team. After turning one of the top five times during testing, the #27 team came to Lowe's Motor Speedway with high hopes. During the morning practice, team driver Chase Montgomery got int ... Continue reading

Jeep Goes Virtual

Jeep Goes Virtual

WINDSOR, ON, May 16 /CNW/ - Jeep has joined forces with gaming company Terminal Reality to help launch the new Jeep TJ Rubicon with the creation of the Jeep 4x4 EVO2 video game. The game uses Jeep vehicles exclusively and has been developed to give consumers and Jeep enthusiasts alike the opportunity to experience the ... Continue reading

Clarion Technologies Announces 2002 First Quarter Results

Clarion Technologies Announces 2002 First Quarter Results

GRAND RAPIDS, Mich., May 16 Clarion Technologies, Inc.today announced financial results for its first quarter, which ended March 30, 2002.Clarion's 2002 first quarter sales were $22.6 million versus $28.8 million for the first quarter of 2001, which is primarily due to a reduction in tooling revenue. Despite the decrea ... Continue reading

BMW says Mini sales to beat targets

BMW says Mini sales to beat targets

MUNICH, May 16 Reuters is reporting that Luxury German carmaker BMW AG marked the departure of Chief Executive Joachim Milberg on Thursday by saying it would beat its 2002 sales target for the new Mini model by a fifth. Milberg, handing over to successor Helmut Panke at BMW's annual shareholders' meeting in Munich, sai ... Continue reading

Saab and Its Owners Top HLDI Safety Study

Saab and Its Owners Top HLDI Safety Study

NORCROSS, Ga., May 16 -- Drivers of Saabs are among the highest educated group of drivers in the market. They are also among the safest. According to the recently published Highway Loss Data Institute (HLDI) report, the Saab 9-3 5-door, 9-3 Convertible and 9-5 Sedan all had the best score of any car in their respective ... Continue reading

CSM Worldwide Expects Global Platforms to Continue Driving World's Auto Markets

CSM Worldwide Expects Global Platforms to Continue Driving World's Auto Markets

DETROIT, May 16 -- Global automotive platforms will continue to emerge and accelerate as OEM consolidations take root, according to CSM Worldwide. This and other automotive market foresight was presented by CSM at the company's recent Insider Briefing to an audience of automotive suppliers and manufacturers. Presentati ... Continue reading

2002 Tour de Sol Participants

2002 Tour de Sol Participants

PHILADELPHIA, May 16 -- On behalf of Pennsylvania Gov. Mark Schweiker, Pennsylvania Department of Environmental Protection (DEP) Secretary David E. Hess today welcomed visitors and participants to the 2002 Tour de Sol: The Great American Transportation Festival. "The Tour de Sol is a great learning opportunity for all ... Continue reading

Bye-Bye, American Car

Bye-Bye, American Car

Forbes,John Turrettini Detroit is waving the white flag and handing over engineering to foreign partners. By the time the model T celebrates its centenary in 2008, Ford Motor will have mostly given up on the American car. Oh, it will still design their bodies and assemble and sell them. But it will be foreign engineers ... Continue reading

Precision Auto Care Announces 3rd Quarter Results

Precision Auto Care Announces 3rd Quarter Results

LEESBURG, Va., May 16 Precision Auto Care, Inc. today announced a loss of $2.4 million or $(0.23) per share for the fiscal quarter ending March 31, 2002, compared with a loss of $865,000 or $(0.11) per share for the comparable prior year quarter. The company also announced the sale of the rights to its San Diego and Po ... Continue reading

Ferrari plans to stay exclusive but boost brand

Ferrari plans to stay exclusive but boost brand

MILAN, May 16 Reuters reported that Ferrari, the sports and racing car unit of Italian carmaker Fiat that is due to be listed, is keen to protect its exclusive image while capitalising on its bright-red brand to make money in the retail business, Chief Executive Luca di Montezemolo said on Thursday. Addressing an analy ... Continue reading

BorgWarner Releases Comparable 2001 Quarterly Data

BorgWarner Releases Comparable 2001 Quarterly Data

<p>CHICAGO, May 16 -- BorgWarner Inc. today released 2001 quarterly earnings before interest and taxes for its five business segments on a pro forma basis. This information has been adjusted to eliminate the amortization of goodwill which had been allocated to each segment. Beginning in 2002, goodwill will no longer be ... Continue reading

GP Strategies Reports Net Income of $0.2 Million for the Quarter Ended March 31, 2002 Versus a Net Loss of $0.2 Million for the Quarter Ended March 31, 2001

GP Strategies Reports Net Income of $0.2 Million for the Quarter Ended March 31, 2002 Versus a Net Loss of $0.2 Million for the Quarter Ended March 31, 2001

NEW YORK--May 16, 2002--GP Strategies Corporation , a leader in workforce development and technical training, today announced results for the quarter ended March 31, 2002. Net sales were $40.2 million for the first quarter ended March 31, 2002 compared to net sales of $42.4 million for the quarter ended December 31, 20 ... Continue reading

Liteglow Industries Inc. Reports Record Sales & Earnings for the First Quarter of 2002

Liteglow Industries Inc. Reports Record Sales & Earnings for the First Quarter of 2002

POMPANO BEACH, Fla.--May 16, 2002--Spencer Krumholz, Chairman of Liteglow Industries Inc. (OTCBB:LTGL), reported record sales and earnings for the first quarter of 2002. For the three months ended March 30, 2002, the cumulative sales and earnings and improvements are as follows: 2002 Sales 2001 Sales 2002 Net Income 20 ... Continue reading

Pep Boys Announces Sale of 4.25% Convertible Senior Notes due 2007

Pep Boys Announces Sale of 4.25% Convertible Senior Notes due 2007

PHILADELPHIA--May 16, 2002--The Pep Boys - Manny, Moe & Jack announced today that it has agreed to sell 4.25% Convertible Senior Notes due June 1, 2007 in a private offering resulting in gross proceeds of approximately $125 million. Pep Boys has also granted the initial purchasers an overallotment option to purchase up ... Continue reading

REMINDER/NASCAR Driver Dale Jarrett Gives Tips On Safe Driving to Motorists

REMINDER/NASCAR Driver Dale Jarrett Gives Tips On Safe Driving to Motorists

-- Thursday, May 16 (11:45 a.m. - noon EDT) WHO: Dale Jarrett, #88 UPS NASCAR DRIVER COORDINATES: TELSTAR 4 TRANSPONDER 11 C Band Down link Frequency 3920 - V WHEN: THURSDAY, May 16 - ONE FEED ONLY 11:45 a.m. - noon p.m. EDT WHAT: In an effort to minimize traffic accidents this summer, UPS joins forces with the Nationa ... Continue reading

S&P Global Credit Markets Digest-Americas Update

S&P Global Credit Markets Digest-Americas Update

NEW YORK--May 16, 2002--Here is the current lineup of top articles and research from Standard & Poor's Credit Information Services: COMING UP: -- Health Care Feeling Better -- Insurance in Mexico: Growing Premiums, Decreasing Returns -- Bank Industry Risk Analysis: Spain -- Bank Industry Risk Analysis: Portugal -- Proj ... Continue reading

Tomkins Sells UK Consumer and Industrial Division for -pound-24 million

Tomkins Sells UK Consumer and Industrial Division for -pound-24 million

LONDON--May 16, 2002--Tomkins PLC announces that it has sold its UK-based Gates Consumer and Industrial ("GCI") division to the Rutland Fund for a cash consideration of (pound)24 million. GCI manufactures a range of rubber-based and other products including Tredaire carpet underlay, Gripperrod carpet accessories, Hunte ... Continue reading

TI Automotive Announces Major Rastatt Investment

TI Automotive Announces Major Rastatt Investment

RASTATT, Germany--May 16, 2002--TI Automotive will invest seven million euros (6.3-million dollars) in its technology and manufacturing centres in Rastatt, Germany, this year, according to Manouchehr Kambakhsh, the company's vice president for Global Advanced Engineering. The TI Automotive executive said the investment ... Continue reading

Jimmie Johnson Press Conference Transcript

Jimmie Johnson Press Conference Transcript

Attached is the transcript from this week's teleconference with Jimmie Johnson, driver of the No. 48 Lowe's Chevrolet. Although we make every attempt to provide a complete, accurate and comprehensive transcript, use of certain recording and microphone equipment, phone equipment, phone line quality, conference room acou ... Continue reading

Autobytel Inc. to Present At Goldman Sachs Third Annual New Media & E-Commerce Conference

Autobytel Inc. to Present At Goldman Sachs Third Annual New Media & E-Commerce Conference

IRVINE, Calif.--May 16, 2002--Autobytel Inc. , a leading Internet automotive marketing services company, today announced that Jeffrey Schwartz, president and CEO will be speaking at the Goldman Sachs Third Annual New Media & E-Commerce Conference in Las Vegas on May 22, 2002 at 3:50 p.m. PDT/6:50 p.m. EDT. The audio re ... Continue reading

Probex Outlines Expected Economics for Wellsville, Future Plants; Forecasts Strong Returns

Probex Outlines Expected Economics for Wellsville, Future Plants; Forecasts Strong Returns

HOUSTON--May 16, 2002--Probex Corp. (AMEX:PRB), an energy technology company, today said that it expects revenues from its planned Wellsville, Ohio, reprocessing plant to be approximately $50 million annually, based on a West Texas Intermediate crude oil price of $22.50 per barrel, with margins of over 50%. Speaking at ... Continue reading

Spectre Reports First Quarter Results

Spectre Reports First Quarter Results

VANCOUVER, British Columbia--May 16, 2002--Spectre Industries, Inc. (Pink Sheets:STND), announced today its results for the three months ended March 31, 2002. The Company's principal operating subsidiary is a manufacturers' representative in the North American automotive aftermarket. The Company's primary business acti ... Continue reading

Superior Industries Named General Motors Supplier of the Year For Second Straight Year

Superior Industries Named General Motors Supplier of the Year For Second Straight Year

VAN NUYS, Calif.--May 16, 2002--"For the second consecutive year, we are proud to announce that Superior Industries International, Inc. has been named a General Motors Supplier of the Year," said Louis Borick, Chairman and President of Superior Industries. The award was presented during ceremonies on April 27th in Toro ... Continue reading

AAA Projects Modest Gain For Memorial Day Travel Despite Lower Air Volume

AAA Projects Modest Gain For Memorial Day Travel Despite Lower Air Volume

ORLANDO, Fla.--May 16, 2002--Memorial Day holiday travel is expected to show a modest increase over last year's strong travel period despite a decline in air travel, according to AAA. AAA estimates that 35.2 million Americans will travel 50 miles or more from home this holiday, up 1 percent from last year's 34.9 millio ... Continue reading

CIA---The Company, Littell

CIA---The Company, Littell

Auto Channel -- Robert Gordon, Co-Publisher presents a satellite media tour FROM THE COLD WAR TO AFGHANISTAN, ROBERT LITTELL ON THE BIGGEST SPY NOVEL EVER WRITTEN WEDNESDAY, MAY 22, 2002/11:00 AM-1:00 PM EASTERN TIME WHO: Former Newsweek journalist and best-selling author Robert Littell, whom the New York Times has dub ... Continue reading

ADVISORY/Civic Tour Invites Minneapolis Music and Auto Enthusiasts to Check Out the Customized Incubus '02 Civic Si at Brookdale Honda

ADVISORY/Civic Tour Invites Minneapolis Music and Auto Enthusiasts to Check Out the Customized Incubus '02 Civic Si at Brookdale Honda

--(ENTERTAINMENT WIRE)-- WHAT: Civic Tour and Brookdale Honda will host a special display of the Incubus 2002 Civic Si, customized and autographed by Brandon Boyd, Mike Einziger, Kilmore, Dirk Lance and Jose Pasillas of the rock band Incubus, who will be headlining Minneapolis radio station KXXR's sold-out 93X Fest. Ci ... Continue reading

ADVISORY/Civic Tour Invites Music and Auto Enthusiasts to Check Out the Customized Incubus '02 Civic Si at Schlossmann's Honda City and Russ Darrow Honda

ADVISORY/Civic Tour Invites Music and Auto Enthusiasts to Check Out the Customized Incubus '02 Civic Si at Schlossmann's Honda City and Russ Darrow Honda

--(ENTERTAINMENT WIRE)-- WHAT: Civic Tour, Schlossmann's Honda City and Russ Darrow Honda will host special displays of the Incubus 2002 Civic Si, customized and autographed by Brandon Boyd, Mike Einziger, Kilmore, Dirk Lance and Jose Pasillas of the rock band Incubus, who will be headlining radio station WLZR's sold-o ... Continue reading

Civic Tour to Join KXXR's 93X Fest 2002; All-New Honda Civic Si Custom-Designed by Incubus to Be Displayed at Festival

Civic Tour to Join KXXR's 93X Fest 2002; All-New Honda Civic Si Custom-Designed by Incubus to Be Displayed at Festival

VENICE, Calif.--(ENTERTAINMENT WIRE)--May 16, 2002--On May 24, Honda will extend its second annual Civic Tour to join up with Minneapolis radio station KXXR's annual 93X Fest 2002 to be held at the Float-Rite Amphitheater in Somerset, WI. On the heels of the resounding success of the inaugural Civic Tour in 2001 (with ... Continue reading

Civic Tour to Join Milwaukee Radio Station WZLR's LAZERfest 2002; All-New Honda Civic Si Custom-Designed by Incubus to Be Displayed at Festival

Civic Tour to Join Milwaukee Radio Station WZLR's LAZERfest 2002; All-New Honda Civic Si Custom-Designed by Incubus to Be Displayed at Festival

VENICE, Calif.--(ENTERTAINMENT WIRE)--May 16, 2002--On May 25, Honda will extend its second annual Civic Tour to join up with Milwaukee radio station WZLR's annual LAZERfest to be held at Marcus Ampitheater. On the heels of the resounding success of the inaugural Civic Tour in 2001 (with two separate legs featuring bli ... Continue reading

MAY 18 CARD AT IRWINDALE SPEEDWAY

MAY 18 CARD AT IRWINDALE SPEEDWAY

JANI-KING SUPER LATE MODELS & AUTO CLUB LATE MODELS PLUS 3 ON SATURDAY, MAY 18 CARD AT IRWINDALE SPEEDWAY PLUS: On-Track Autograph Session At 6PM Will Be SENSATIONAL Irwindale, Calif. - - Another grand night of up-close and personal, live short track racing action is in store for NASCAR fans on Saturday night, May 18, ... Continue reading

ZETEC CHAMPIONSHIP FINISHES PRE-EVENT TESTING

ZETEC CHAMPIONSHIP FINISHES PRE-EVENT TESTING

FOR IMMEDIATE RELEASE ZETEC CHAMPIONSHIP FINISHES PRE-EVENT TESTING BOWMANVILLE, ONT., CAN. (May 16, 2002) — The 2002 Formula Ford 2000 Zetec Championship finished pre-event testing today for Rounds Three and Four at Mosport International Raceway. In two days of testing the conditions varied greatly from session to s ... Continue reading

ARCA RE/MAX starting grid, Lowe's

ARCA RE/MAX starting grid, Lowe's

BY A BUMPER, KIMMEL EDGES BLOUNT FOR OLD MILWAUKEE POLE AT LMS CONCORD NC (5-16-02) Frank Kimmel, by a margin of .005 seconds, edged Chad Blount for the Old Milwaukee pole here Thursday afternoon at Lowe's Motor Speedway. Kimmel, in the Advance Auto Parts-Pork Ford, qualified with a speed of 181.873 mph to earn his 23r ... Continue reading

Giaffone/Kanaan May 16 Indy 500 Practice

Giaffone/Kanaan May 16 Indy 500 Practice

Contact: Laz Denes, 256-657-6190 ldenes@monunnracing.com www.monunnracing.com Felipe Giaffone/Tony Kanaan #21T Hollywood/Mo Nunn Racing Chevrolet G-Force 86th Indianapolis 500 - Practice Notes/Quotes - Thursday, May 16, 2002 Indianapolis Motor Speedway - 2.5-Mile Oval Round 5 of 15 on the 2002 Indy Racing League Hollyw ... Continue reading

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