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January 1999

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Monday, January 18, 1999

12 Truck Drivers Named Regional Goodyear Highway Heroes

12 Truck Drivers Named Regional Goodyear Highway Heroes

Twelve truck drivers representing 11 states and provinces are one step closer to being named the 1998 Goodyear National Highway Hero, Goodyear announced. ... Continue reading

Active Tool Evaluating Strategic Alternatives

Active Tool Evaluating Strategic Alternatives

Active Tool & Manufacturing Co., Inc. announced that it has engaged Credit Suisse First Boston and Roney & Co. to explore strategic alternatives to support Active Tool's continuing investment in the growth of the company. ... Continue reading

Allied Holdings Announces Voluntary Early Retirement Program

Allied Holdings Announces Voluntary Early Retirement Program

Allied Holdings, Inc. announced the adoption of a voluntary early retirement program (VERP). During the fourth quarter of 1998, the Company will expense approximately $2.0 million, or $0.15 per share, for the VERP. ... Continue reading

ATX Technologies Opens California Office

ATX Technologies Opens California Office

ATX Technologies, Inc., in partnership with Nichimen America, I has expanded its operations to sell the On-Guard family of products to automotive Original Equipment Manufacturers and electronics manufacturers. ... Continue reading

Aura Systems Reports Third Quarter of Fiscal 1999

Aura Systems Reports Third Quarter of Fiscal 1999

Aura Systems Inc. reported net revenues for the third fiscal quarter were $33,931,756 as compared to $48,215,300 in the comparable prior year quarter. ... Continue reading

Autoline Detroit: Dodge to Reduce the Number of Models it Offers

Autoline Detroit: Dodge to Reduce the Number of Models it Offers

On the television program "Autoline Detroit" the head of the Dodge division, James Julow, announced that Dodge is looking at reducing the number of models it offers. ... Continue reading

Budget Leads the Industry in Satisfying Consumers' Cravings

Budget Leads the Industry in Satisfying Consumers' Cravings

As America's most popular vehicle, pickup truck sales continue to grow year over year, accounting for nearly half of all motor vehicles sold in the U.S. ... Continue reading

CPR Corporation Finalises Completion of Acquisitions

CPR Corporation Finalises Completion of Acquisitions

CPR Corporation has announced that it has completed the first stage of its global acquisition program with the acquisition of five companies in the hi-tech Engineering and Automotive sectors. ... Continue reading

Federal-Mogul Announces Organizational Structure Ignition Products

Federal-Mogul Announces Organizational Structure Ignition Products

David Krohn, vice president, Worldwide Ignition Products, Federal-Mogul Corporation, announces the following organizational structure for Ignition Products with the following appointments effective immediately: ... Continue reading

Federal-Mogul Appoints Leigh Briggs, GM, Assembled Camshafts

Federal-Mogul Appoints Leigh Briggs, GM, Assembled Camshafts

Frank Tomes, executive vice president, General Products, Federal-Mogul Corporation, announces the appointment of Leigh Briggs to the position of general manager, assembled camshafts, effective immediately. ... Continue reading

Getting Methanol to Neighborhood Pumps is the Next Challenge

Getting Methanol to Neighborhood Pumps is the Next Challenge

With an estimated two million methanol fuel cell vehicles on highways by 2010 and 35 million by 2020, global automakers are keeping their promise to manufacture affordable zero or near- zero emissions vehicles while retaining liquid fuel convenience. ... Continue reading

Infiniti of Scottsdale Achieves Number 1 Sales Ranking

Infiniti of Scottsdale Achieves Number 1 Sales Ranking

Infiniti, the luxury division of Nissan North America, Inc. (NNA), announced that Infiniti of Scottsdale has achieved the number one sales ranking among all Infiniti Dealers in the United States. ... Continue reading

Investor Comments On Volvo's Acquisition of Shares in Scania

Investor Comments On Volvo's Acquisition of Shares in Scania

"It is unfortunate that Volvo, with this action, has made discussions that have been conducted so far more difficult," said Claes Dahlback, president and chief executive officer of Investor AB. ... Continue reading

IPSCO Inc.-Establishes Operational Headquarters in Chicago

IPSCO Inc.-Establishes Operational Headquarters in Chicago

IPSCO Inc. announced that it would establish an operational headquarters in Chicago for IPSCO Enterprises Inc., its U.S. holding company subsidiary. ... Continue reading

L.A. Auto Show Highlighted by Worldwide and North American Debuts

L.A. Auto Show Highlighted by Worldwide and North American Debuts

Automakers seized the 1999 Greater Los Angeles Auto Show's early dates to roll out nearly two dozen Worldwide and North American debuts of production and concept vehicles, ranking it among the most debuts in the show's history. ... Continue reading

Meritor and PSI Partner to Market Trailer Tire Inflation Systems

Meritor and PSI Partner to Market Trailer Tire Inflation Systems

Meritor Automotive, Inc. has announced a collaborative agreement with Pressure Systems International, Inc. (PSI) to market and distribute automatic tire inflation systems for trailer applications. ... Continue reading

Orbital Redeems Convertible Note

Orbital Redeems Convertible Note

Orbital Engine Corporation has redeemed a US$20 million convertible note issued in August 1998. Orbital had drawn down only US$10 million of the note to date but has extinguished the entire US$20 million facility. ... Continue reading

Progressive Reduces Auto Insurance Rates in Arkansas

Progressive Reduces Auto Insurance Rates in Arkansas

Progressive, one of the nation's largest auto insurers, is reducing its rates in Arkansas, announced Tim Madden, Progressive's general manager for Arkansas. ... Continue reading

RALLY: Ford Focus makes rally debut at Monte Carlo

RALLY: Ford Focus makes rally debut at Monte Carlo

RALLY: Ford Focus makes rally debut at Monte Carlo ... Continue reading

RALLY: Round 1 of the 1999 FIA World Rally Championship

RALLY: Round 1 of the 1999 FIA World Rally Championship

RALLY: Round 1 of the 1999 FIA World Rally Championship ... Continue reading

SME's Orlando '99 APEX Brings the Latest Tools and Technologies

SME's Orlando '99 APEX Brings the Latest Tools and Technologies

Taking place January 19-21, Florida's largest machine tool and manufacturing exposition opens tomorrow at Orlando's Orange County Convention Center (Hall A3). ... Continue reading

T.J.T., Inc. Finalizes Arizona Acquisition

T.J.T., Inc. Finalizes Arizona Acquisition

T.J.T., Inc., a supplier of refurbished axles and tires to the manufactured housing industry, reported that it has completed the acquisition of Ford's Tires and Axles in Chandler, Arizona. ... Continue reading

Toyota Motor Insurance Services Selects Allenbrook's Phoenix System

Toyota Motor Insurance Services Selects Allenbrook's Phoenix System

In a unique industry alliance, Allenbrook, Inc. announced that Toyota Motor Insurance Services, Inc., of Torrance, Calif., has signed extensive agreements to install and implement Allenbrook's Phoenix Enterprise Insurance System. ... Continue reading

Twin Disc, Inc., Announces Financial Results for Fiscal 1999 2Q

Twin Disc, Inc., Announces Financial Results for Fiscal 1999 2Q

Twin Disc, Inc., announced financial results for the second quarter and six months ended December 31, 1998. ... Continue reading

Unistar Completes Acquisition of 19 AMSCOT Auto Insurance Offices

Unistar Completes Acquisition of 19 AMSCOT Auto Insurance Offices

Unistar Financial Service Corp., acquires AMSCOT Auto Insurance Agency, with 19 locations throughout Florida. AMSCOT currently offers the following financial services: ... Continue reading

Worldwide Equipment Corp. Reports Fiscal 1998 Results

Worldwide Equipment Corp. Reports Fiscal 1998 Results

Worldwide Equipment Corp. and its subsidiaries Aro of America, Inc., and International Tractor Co. Inc., released its financial results for the fiscal year ended August 31, 1998. ... Continue reading

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