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August 2001

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Friday, August 17, 2001

NHRA: Scelzi, Gilbertson, Allen among leaders Friday at Brainerd

NHRA: Scelzi, Gilbertson, Allen among leaders Friday at Brainerd

August 18, 2001 BRAINERD, Minn. -- Gary Scelzi led Top Fuel qualifying Friday at the Colonel's Truck Accessories NHRA Nationals before heavy rains moved into the area and cancelled the second Top Fuel session. Scelzi covered the Brainerd International Raceway quarter-mile track in 4.642 seconds at 315.12 mph in his Tea ... Continue reading

Aftermarket Sales Grew 5.2 Percent in 2000; AAIA 2001 Factbook Available

Aftermarket Sales Grew 5.2 Percent in 2000; AAIA 2001 Factbook Available

Aftermarket Sales Grew 5.2 Percent in 2000; AAIA 2001 Factbook Available BETHESDA, Md., Aug. 17 The size of the U.S. motor vehicle aftermarket grew by 5.2 percent in 2000 to $245.6 billion, with the automotive segment recording the largest growth at 5.8 percent, according to the AAIA 2001 Aftermarket Factbook, just pub ... Continue reading

Human Factors Expert Joins CAA Inc.; CAA Inc. Announces James P. Foley, Ph.D. as the Newly Appointed Director of Human Factors

Human Factors Expert Joins CAA Inc.; CAA Inc. Announces James P. Foley, Ph.D. as the Newly Appointed Director of Human Factors

SOUTHFIELD, Mich.--Aug. 17, 2001--CAA Inc., one of the leading developers and suppliers of state-of-the-art software for Driver Information Systems, is pleased to announce the appointment of James P. Foley, Ph.D. to the position of Director of Human Factors. Dr. Foley's role within the U.S. subsidiary of Germany-based ... Continue reading

Autoliv Declares Dividend

Autoliv Declares Dividend

STOCKHOLM, Sweden--Aug. 17, 2001--Autoliv Inc. , the worldwide leader in automotive safety, has declared a dividend of US $.11 per share of common stock, payable on Thursday December 6, 2001, to the Autoliv stockholders of record on the close of business on Thursday November 8, 2001. Autoliv Inc. develops and manufactu ... Continue reading

Edmunds.com Hits Broadband Video Milestone; Surpasses One Million Automotive Video Viewings

Edmunds.com Hits Broadband Video Milestone; Surpasses One Million Automotive Video Viewings

Edmunds.com Hits Broadband Video Milestone; Surpasses One Million Automotive Video Viewings SANTA MONICA, Calif., Aug. 17 Edmunds.com (http://www.edmunds.com), the web's leading consumer resource for unbiased automotive information, today announced its millionth download of streaming automotive video segments. "Almost ... Continue reading

Sports Resorts International, Inc. Holds National Hot Rod Association 'NHRA' Nationals

Sports Resorts International, Inc. Holds National Hot Rod Association 'NHRA' Nationals

Sports Resorts International, Inc. Holds National Hot Rod Association 'NHRA' Nationals FLINT, Mich., Aug. 17 Sports Resorts International, Inc. (the "Company") is on the fast track this weekend as The Colonel's Brainerd International Raceway and Resort, located in Brainerd, Minnesota, holds its NHRA/Winston Nationals. ... Continue reading

TRW Completes Network Six Acquisition

TRW Completes Network Six Acquisition

RESTON, Va.--Aug. 17, 2001--TRW Inc. has completed its purchase of Network Six, Inc., an information-technology company specializing in human services, for $5.3 million including assumption of net debt. The transaction closed yesterday. As announced June 7, TRW acquired Rhode Island-based Network Six to expand its stat ... Continue reading

Progressive Releases July Underwriting Results

Progressive Releases July Underwriting Results

The Progressive Corporation today reported that for July 2001, the Company produced a GAAP combined ratio (CR) of 94.7. Net premiums written for the month increased 16% to $732.3 million, compared to $634.0 million last year. Net premiums earned increased 12% to $691.0 million for the month. ... Continue reading

Haldex Group January-June 2001

Haldex Group January-June 2001

Haldex Group: Increased Market Shares On a Very Weak Vehicle Market Key Figures, MSEK 2001 2000 Change Order intake 3,209 3,225 -0.5% Net invoicing 3,275 3,184 + 3% Oper. earnings before depr. (EBITDA) 267 333 -20% Operating earnings (EBIT) 128 211 -40% Earnings before tax 93 180 -48% Net income 62 117 -47% Earnings pe ... Continue reading

Nearly All Southern California at or Below Last Year's Gas Price Levels

Nearly All Southern California at or Below Last Year's Gas Price Levels

For the first time since gasoline prices began to spike in mid-February, the average price of unleaded regular self-serve is lower than at this same time in 2000 for most of Southern California, according to the Automobile Club of Southern California's Weekend Gas Watch. This marks the 12th straight week that the avera ... Continue reading

Ford Motor Company Announces Voluntary Separation Program

Ford Motor Company Announces Voluntary Separation Program

Ford Motor Company announced today it is offering a voluntary separation program for selected salaried employees as the first part of renewed efforts to strengthen its competitive position and increase efficiencies. By the end of the year, Ford will reduce the number of salaried positions in North America by 4,000 - 5, ... Continue reading

GELcore Introduces Universal High Visibility LED Traffic Signal

GELcore Introduces Universal High Visibility LED Traffic Signal

GELcore, LLC introduces a new generation of its GE LED Signal product line with the RX11 LED Signal. The RX11 family of full ball signals are offered in 8 and 12 inch configurations, and feature an expanded field-of-view designed to allow the RX11 to be universally used in span wire or stationary arm applications. The ... Continue reading

GenesisIntermedia to Sell Car Rental Direct Subsidiary to MAII Holdings

GenesisIntermedia to Sell Car Rental Direct Subsidiary to MAII Holdings

GenesisIntermedia, Inc. and MAII Holdings, Inc. (MAII) today announced that they have entered into a definitive agreement under which Car Rental Direct.com, Inc., a wholly owned subsidiary of GENI ("CRD"), will be purchased by a wholly-owned subsidiary of MAII Holdings. The closing is subject to the receipt of a Fairne ... Continue reading

BorgWarner Cooling Systems Globalization Expands to India

BorgWarner Cooling Systems Globalization Expands to India

BorgWarner Cooling Systems has established a wholly owned subsidiary in Chennai, India to support the needs of local customers in this emerging market. Demanding European engine emission legislation and rising fuel prices are forcing Indian vehicle manufacturers to incorporate new technologies. BorgWarner is helping gl ... Continue reading

CSM Unveils North American Auto Production Outlook

CSM Unveils North American Auto Production Outlook

CSM Worldwide announced their forecast for 2001 North American automotive production at their recent quarterly client briefing. Presentations included a North American Economic Outlook by CSM Chief Economist Bob Fish, and a North American Production Outlook by CSM Director of Forecast Services Michael Robinet. Key find ... Continue reading

Auto Dealers Urge Prompt Action to Restore Flooded Vehicles

Auto Dealers Urge Prompt Action to Restore Flooded Vehicles

Severe weather across the nation has led to flooding in many parts of the country, including Florida, Texas, West Virginia, Illinois, Texas, Alabama and Virginia. In its wake are large numbers of flood-damaged cars and trucks -- many in need of costly restoration. With the National Weather Service predicting an active ... Continue reading

Ward's Reports Estimated Production

Ward's Reports Estimated Production

Vehicle production this week in the U.S., Canada and Mexico is expected to hit an estimated 325,115 units, up from the 307,942 cars and trucks built last week, according to Ward's Automotive Reports. Including this week's estimates, calendar year North American output now totals 10,034,805 vehicles, down 13.0 percent f ... Continue reading

Eaton Proudly Presents the 2001 Woodward Dream Cruise

Eaton Proudly Presents the 2001 Woodward Dream Cruise

Diversified industrial manufacturer Eaton Corporation is proud to present the 2001 Woodward Dream Cruise to be held Saturday, August 18, 2001. Eaton has been the major sponsor of this event, billed as the largest one-day automotive event in the world, since 1999 and will continue its partnership through 2002. In Honor ... Continue reading

Valeo's Role in 2002 Explorer Recognized By Ford

Valeo's Role in 2002 Explorer Recognized By Ford

Valeo employees at the company's North American headquarters here were honored August 13 by Ford with personalized tours of the completely redesigned 2002 Ford Explorer as part of Ford's Explorer Supplier Partner Recognition Tour. Nearly 400 Auburn Hills-area employees enjoyed a luncheon and 2002 Explorer exhibit hoste ... Continue reading

TRW Completes Network Six Acquisition

TRW Completes Network Six Acquisition

TRW Inc. has completed its purchase of Network Six, Inc., an information-technology company specializing in human services, for $5.3 million including assumption of net debt. The transaction closed yesterday. As announced June 7, TRW acquired Rhode Island-based Network Six to expand its state and local government busin ... Continue reading

Environmental Solutions Worldwide, Inc. Reports 2nd Quarter Results

Environmental Solutions Worldwide, Inc. Reports 2nd Quarter Results

Environmental Solutions Worldwide, Inc., a company that develops, manufactures and markets environmental technologies, today announced that it has filed its second quarter results ending June 30, 2001 and that it has also received $1,728,000 in equity financing. Revenues for the three months ended June 30, 2001 totaled ... Continue reading

Frank A. Doyle Named President and CEO of Connell Limited Partnership

Frank A. Doyle Named President and CEO of Connell Limited Partnership

Connell Limited Partnership, whose businesses manufacture specialty alloys for the automotive industry, heat transfer equipment for power and process industries, and die sets and related equipment for the die making industry, today announced that Frank A. Doyle will succeed founder William F. Connell as president and c ... Continue reading

Freudenberg and NOK Seen as Largest Non-Tire Rubber Product Manufacturer

Freudenberg and NOK Seen as Largest Non-Tire Rubber Product Manufacturer

Freudenberg & Co. of Germany and NOK Corp. of Japan were recently ranked third and seventh, respectively, in global non-tire rubber product sales by the trade publication Rubber & Plastics News. Their partnership in the Americas, Freudenberg-NOK G.P., was ranked as the fifth largest non-tire rubber product manufacturer ... Continue reading

Isuzu and Autodaq Corporation to Launch Online Service for Dealers

Isuzu and Autodaq Corporation to Launch Online Service for Dealers

American Isuzu Motors Inc., the U.S. distributor of Isuzu sport utility vehicles, and Autodaq Corporation, an integrated automotive remarketing services company, today announced the launch of "Isuzu Auction Online." This service will enable more than 500 Isuzu dealers nationwide to purchase remarketed Isuzu rental and ... Continue reading

Mitsubishi Motors Announces 2002 Model Prices

Mitsubishi Motors Announces 2002 Model Prices

Mitsubishi Motors Sales of America, Inc. (MMSA) today announced suggested retail pricing for most 2002 models, including the all-new Lancer sedan. Providing extraordinary value for consumers, the prices reflect an increase that averages less than one percent per model over the previous year. The Manufacturer's Suggeste ... Continue reading

New PPG Powder Coatings Improve Mar, Scratch Resistance

New PPG Powder Coatings Improve Mar, Scratch Resistance

PPG Industries has announced a breakthrough powder coating technology that has the potential to greatly improve mar and scratch resistance in a broad range of industrial applications. Several formulations of ENVIROCRON XMR powder coatings from PPG have approached the mar performance usually associated with porcelain en ... Continue reading

Ocean Bio-Chem Reports Profit For First Six Months of 2001

Ocean Bio-Chem Reports Profit For First Six Months of 2001

Ocean Bio-Chem, Inc. 2nd Quarter net income for the three month period ended June 30, 2001 increased to $337,727 or $.09 per share versus $42,533 or $.01 per share for the comparable period in the previous year. For both six-month periods ended June 30, 2001 and 2000, the Company reported a net income of $.01 per share ... Continue reading

Superior Industries International Earns GM Agreement to Supply Wheels

Superior Industries International Earns GM Agreement to Supply Wheels

Superior Industries International, Inc. announced today that it has been chosen by General Motors Corp. to supply aluminum road wheels for multiple GM vehicle lines over the next several years. Superior is a 2000 GM Supplier of the Year and was awarded the unprecedented contract based on its ability to consistently pro ... Continue reading

Supply-Chain Council Announces Publication of SCOR Version 5.0

Supply-Chain Council Announces Publication of SCOR Version 5.0

The Supply-Chain Council (SCC) Board of Directors today approved the release of its Supply-Chain Operations Reference-model (SCOR) in Version 5.0, now downloadable from the SCC web site for member organizations. Companies worldwide are using the SCOR process reference model to examine the configuration of their supply ... Continue reading

UnitedAuto Same Store Chrysler Dealership Vehicle Sales Increase 17.7%

UnitedAuto Same Store Chrysler Dealership Vehicle Sales Increase 17.7%

UnitedAuto Group, Inc. , a FORTUNE 500 automotive specialty retailer, announced today that same store new unit sales for its United States Chrysler dealerships increased 17.7% for July 2001. Commenting on the strong showing by UnitedAuto's Chrysler, Dodge and Jeep brands, President Sam DiFeo stated, "We are delighted w ... Continue reading

NASCAR WCUP: Ward Burton Set To Bulldoze His Way Through Bristol

NASCAR WCUP: Ward Burton Set To Bulldoze His Way Through Bristol

August 17, 2001 High Point, NC -- Caterpillar Track-Type Tractors removed 15,000 cubic yards of earth from Bristol Motor Speedway after the World of Outlaws race in June. But from the looks of it, Ward Burton will be driving one of those Caterpillar Tractors in the August 25, 2001 Winston Cup Bristol Night Race. Thatâ ... Continue reading

NHRA: Mills Pontiac to back Benza in Brainerd

NHRA: Mills Pontiac to back Benza in Brainerd

August 17, 2001 BRAINERD, Minn. – Pro Stock driver Bob Benza will fly the colors of Brainerd-area powerhouse car dealership Mills Pontiac-GMC on his sleek Pontiac Grand Am at this weekend’s 20th annual Colonels Truck Accessories NHRA Nationals. The arrangement includes prominent signage on Benza’s bra ... Continue reading

CART announces expanded TV deal with CBS, and FOX Cable

CART announces expanded TV deal with CBS, and FOX Cable

August 17, 2001 DETROIT - Championship Auto Racing Teams, Inc. announced today that racing fans throughout the U.S. will be seeing a lot more domestic television broadcasts of the CART FedEx Championship Series as a result of the television package CART has finalized with the CBS Television Network and Fox Cable Networ ... Continue reading

FORMULA 1: New cultural event to start SAP US Grand Prix weekend

FORMULA 1: New cultural event to start SAP US Grand Prix weekend

August 17, 2001 INDIANAPOLIS - As guests from around the world arrive in Indianapolis this September for the SAP United States Grand Prix, they will have the opportunity to mingle with local residents at a new cultural event with international flair. The first Christel House "Evening of Angels" will take place Thursday ... Continue reading

PHOTO FEATURE: Scenes from Sonoma, 2001

PHOTO FEATURE: Scenes from Sonoma, 2001

August 17, 2001 Photos provided by Paul Wyne Andretti, John, On Track Andretti, John, On Track Atwood passing Burton on track Benson, Johnny, On Track Bodine, Brett, On Track Burton, Jeff, On Track Bush in racing battle on track Compton, Stacy, On Track Craven, Ricky, On Track Earnhardt, Dale Jr., On Track Fellows, Ron ... Continue reading

INDY RACING: J. Lazier replaces Ray as driver for Team Menard

INDY RACING: J. Lazier replaces Ray as driver for Team Menard

August 17, 2001 INDIANAPOLIS - Jaques Lazier has replaced 1999 Indy Racing champion Greg Ray as the driver for Team Menard in the Indy Racing Northern Light Series, team owner John Menard confirmed Aug. 16. Lazier, 30, from Vail, Colo., will make his first start in the No. 2 Johns Manville/Menards Dallara/Oldsmobile/Fi ... Continue reading

FORMULA 1: M. Schumacher looks to lock up title in Hungary

FORMULA 1: M. Schumacher looks to lock up title in Hungary

August 17, 2001 BUDAPEST, Hungary - Michael Schumacher can clinch his fourth FIA Formula One World Championship if things go his way in the Hungarian Grand Prix on Aug. 19. The title would add to Schumacher's legendary status, as he would become one of only three drivers who have won more than three World Championships ... Continue reading

INDY RACING: Indy Racing Northern Light Series Notebook

INDY RACING: Indy Racing Northern Light Series Notebook

August 17, 2001 INDIANAPOLIS - It isn't written in stone like the Ten Commandments, but Buddy Lazier says there definitely is a stone-like "code of ethics" among competitors in the Indy Racing League. And No. 1 on the list: Thou shalt not cut off the driver who has a run on you. Lazier, winner of four of the last five ... Continue reading

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