AAA Reports Gas Prices Dropped, Then Rose With Winter Cold
MINNEAPOLIS, Jan. 18 -- The national average price of self- serve regular gasoline is $1.81, down 1 cent since mid-December. The current national pump price average, however, is 21 cents higher than one year ago. "The recent surge of cold weather and the increased demand for heating oil have driven crude oil prices hig ... Continue reading
AAA Reports Winter Cold Affecting Gas Prices
BURNSVILLE, Minn., Jan. 18 -- The national average price of self-serve regular gasoline is $1.81, down 1 cent since mid-December. The current national pump price average, however, is 21 cents higher than one year ago. "The recent surge of cold weather and the increased demand for heating oil have driven crude oil price ... Continue reading
ASV Announces New Caterpillar Board Designate
GRAND RAPIDS, Minn.--Jan. 18, 2005--ASV, Inc. today announced that its Board of Directors has appointed Edward J. Rapp, Vice President with Caterpillar's Building Construction Products Division, as the new Caterpillar Inc. designate to the ASV Board. Mr. Rapp, a 25-year veteran with Caterpillar, has held positions in v ... Continue reading
AutoTrader.com Awards Grand Prize in Sweepstakes Featuring Singer-Songwriter Maggie Brown
Victoria Williams from Carthage, TN, Wins $25,000 Towards the Purchase of a Used Car ATLANTA, Jan. 18 -- AutoTrader.com, the world's largest automotive marketplace, today announced it has awarded the Grand Prize in a sweepstakes featuring the smash hit "Used Cars" by country recording artist Maggie Brown. Radio listene ... Continue reading
BMW Offers Sneak Preview of the New 3 Series Using Mobile Phone Technology
WOODCLIFF LAKE, N.J., Jan. 18 -- BMW is offering consumers an innovative first-look at its new 3 Series model via their mobile phones. The new BMW 3 Series is set to launch this Spring, however those eager to enjoy a preview of BMW's upcoming offering can call 703-286-BMW3 on mobile phones equipped with internet access ... Continue reading
Copart Acquires Facility in Strongsville, Ohio
FAIRFIELD, Calif.--Jan. 18, 2005--Copart, Inc. today announced that it has acquired a 16-acre salvage facility in Strongsville, Ohio. The addition of the Strongsville facility will complement Copart's existing presence in the Cleveland area, currently serviced by a 22-acre site in Northfield, Ohio, and will bring Copar ... Continue reading
DaimlerChrysler Combines Suits and Seminars to its Innovative Cars
* Free admission to the North American International Auto Show on Jan. 19 with donation of a clean, gently-used suit to benefit "Jackets for Jobs, Inc." * DaimlerChrysler's Women's Forum takes active role in "Education Day" at 2005 North American International Auto Show WHAT: DaimlerChrysler's Women's Forum will sponso ... Continue reading
Earl Scheib Chooses Axion Solutions to Provide and Implement New Technology
IRVINE, Calif.--Jan. 18, 2005-- Leading Retail Auto Paint and Body Company Selects Axion Solutions to Upgrade Technology That Should Increase Operational Efficiency and Profitability Axion Solutions, a leading solution provider of enterprise software for the mid-market, today announced that it has been recently selecte ... Continue reading
Federal-Mogul Supports The Children's Center
SOUTHFIELD, Mich.--Jan. 18, 2005--For more than a century, Federal-Mogul Corporation (OTCBB:FDMLQ) has supported the communities in which it does business. Most recently, Federal-Mogul sponsored The Children's Center AutoGlow! annual fundraiser held on January 14, 2005, at Ford Field in Detroit, Michigan. During the ev ... Continue reading
IMPCO Announces Preliminary Fourth-Quarter Financial Information Conference Call
CERRITOS, Calif., Jan. 18 -- IMPCO Technologies, Inc., will hold a conference call to announce its preliminary fourth-quarter financial information. The call will be held on Tuesday, January 18, 2005 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). If you are interested in participating, call (706) 679-3125 five to ... Continue reading
Intelligent Mechatronic Systems Inc.: Ridetones Debuts At CES 2005
WATERLOO, Ontario--Jan. 18, 2005--Ridetones, the latest product offering from IMS, was unveiled last week at the Consumer Electronics Show in Las Vegas, and it created quite a stir. According to Molly Wood, Senior Editor for CNET, Ridetones was "the second-biggest news of the week, and the product everyone's talking ab ... Continue reading
Key Safety Systems Announces Organizational Changes
STERLING HEIGHTS, Michigan, January 18 -- B. Edward Ewing, Chairman and CEO of the Ewing Management Group (EMG) announced today organizational changes at EMG's Key Safety Systems, a Key Automotive Group Affiliate. The new appointments result from the continued progress in the turnaround of Key Safety Systems and the de ... Continue reading
Key Safety Systems Announces Organizational Changes
STERLING HEIGHTS, Mich., Jan. 18 -- B. Edward Ewing, Chairman and CEO of the Ewing Management Group (EMG) announced today organizational changes at EMG's Key Safety Systems, a Key Automotive Group Affiliate. The new appointments result from the continued progress in the turnaround of Key Safety Systems and the demonstr ... Continue reading
FREMONT, Calif.--Jan. 18, 2005--Mini-box.com, a subsidiary of Ituner Networks Corp., has solved one of the most difficult problems in building automotive PCs, by creating a stable, noiseless, intelligent power supply that eliminates battery drain and prevents damage from power surges. Mini-Box's just released M1-ATX is ... Continue reading
PA Governor Rendell to Announce New Insurance Department Consumer Liaison
Pennsylvania Governor Edward G. Rendell will announce the Pennsylvania Insurance Department's new Consumer Liaison on Wednesday, Jan. 19 at 2 p.m. in the Governor's Reception Room, 2nd Floor, Main Capitol, Harrisburg. The consumer liaison is a newly created position. Governor Rendell will also discuss the results of a ... Continue reading
Tower Group, Inc. to Expand Licensing Through Acquisition of Shell Company
NEW YORK--Jan. 18, 2005-- Purchase Includes Active Licenses in Nine Additional States, Including New Jersey, Connecticut and Massachusetts Tower Group, Inc. announced that it entered into a stock purchase agreement today to acquire North American Lumber Insurance Company (NALIC), a shell company with 17 state licenses, ... Continue reading
Westcorp Announces Pricing of Senior/Subordinated Securitization Transaction
IRVINE, Calif.--Jan. 18, 2005--Westcorp announced today the pricing of a $1.6 billion offering of automobile receivable asset-backed securities. The offering was joint managed by Credit Suisse First Boston and Deutsche Bank Securities. The offering was co-managed by Banc of America Securities LLC, Barclays Capital and ... Continue reading
WFS Financial Announces Pricing of Senior/Subordinated Securitization Transaction
IRVINE, Calif.--Jan. 18, 2005--WFS Financial Inc announced today the pricing of a $1.6 billion offering of automobile receivable asset-backed securities. The offering was joint managed by Credit Suisse First Boston and Deutsche Bank Securities. The offering was co-managed by Banc of America Securities LLC, Barclays Cap ... Continue reading
MotorTrendEnEspanol.com From the Editors of MOTOR TREND - Ole'
NEW YORK--Jan. 18, 2005--PRIMEDIA's MOTOR TREND, the world's number one automotive authority, today announced the launch of MotorTrendEnEspanol.com, a new automotive Web site providing content to the U.S.-based Hispanic audience. According to Nielsen//NetRatings, nearly 2.7 million Hispanics visited an automotive site ... Continue reading
West Hollywood City Council to Consider Incentives for Hybrid Vehicles
-- WHAT: The West Hollywood City Council will consider approving a pilot program to provide incentives for West Hollywood residents to purchase or lease hybrid vehicles at tonight's City Council meeting. A "certified hybrid vehicle" is "a gas/electric hybrid vehicle that has a combined fuel economy rating of 45 miles p ... Continue reading
DETROIT--Jan. 18, 2005--Exhibitor news releases issued via Business Wire will be posted on a dedicated North American International Auto Show 2005 event news archive at www.tradeshownews.com. Make sure to click on January on the left navigation bar. Media may contact the Business Wire Event Services Group at tradeshow@ ... Continue reading
PLANO, Texas, Jan. 18 -- EENT (BULLETIN BOARD: EENT) announces that it has streamlined its corporate direction and business plan to cover a vertical play in power generation across trucking, marine, commercial, RV, military and residential power generation applications. Given EENT's successes in 2004, including its Jul ... Continue reading
AIAG/Odette Initiative Supports Breakthrough Communications System to Save Millions of Dollars
DETROIT, Jan. 18 -- A new effort by the Automotive Industry Action Group (AIAG) and Odette International will provide a standard set of requirements to support a unified virtual conferencing system that allows the real-time exchange of large data files to virtually anywhere in the world -- the first system of its kind ... Continue reading
Capital Automotive Announces 28th Consecutive Increase in Quarterly Common Share Dividend
MCLEAN, Va., Jan. 18 -- Capital Automotive REIT , the nation's leading specialty finance company for automotive retail real estate, today announced that its Board of Trustees has declared a quarterly dividend of $0.4305 per common share of beneficial interest for the fourth quarter ending December 31, 2004. The dividen ... Continue reading
Capital Automotive Declares Quarterly Preferred Share Dividends
MCLEAN, Va., Jan. 18 -- Capital Automotive REIT , the nation's leading specialty finance company for automotive retail real estate, today announced that its Board of Trustees has declared a dividend for the period commencing November 1, 2004 and ending January 31, 2005 of $0.46875 per Series A Cumulative Redeemable Pre ... Continue reading
Standard & Poor's and Fitch Upgrade Grupo Imsa's Credit Rating
MONTERREY, Mexico--Jan. 18, 2005--Grupo Imsa (BMV:IMSA) announces that Standard & Poor's has recently upgraded the Company's local currency corporate credit rating from BBB- to BBB and its national scale rating from mxAA to mxAA+. Fitch Mexico also increased Grupo Imsa's domestic rating from AA(mex) to AA+(mex). These ... Continue reading
Terion Awarded 2004 ``Nifty Fifty'' Distinction for FleetView 3R
PLANO, Texas--Jan. 18, 2005--Terion, the leading provider of trailer fleet management systems with over 80,000 dry van and refrigerated devices installed, recently was presented with the "Nifty Fifty" award by 'Heavy Duty Trucking' magazine for the 2004 introduction of FleetView(R) 3R, Terion's refrigerated trailer man ... Continue reading
Gill Industries Names Richard Perreault New President & COO
Automotive and Manufacturing Veteran Tapped to Lead Diversified Manufacturer GRAND RAPIDS, Mich., Jan. 18 -- Gill Industries, Inc., a Grand Rapids, Mich.-based advanced engineering and manufacturing company, today named Richard Perreault as its new president and Chief Operating Officer. Perreault joins Gill having most ... Continue reading
Dana Chairman Encourages Collaboration in 2005 Automotive News World Congress Keynote Address
TOLEDO, Ohio, Jan. 18 -- Michael J. Burns, Chairman and CEO of Dana Corporation , yesterday encouraged automotive suppliers and manufacturers to increase collaboration as a means of helping the industry realize its full potential. Mr. Burns made the remarks Monday evening during a kickoff address to global automotive i ... Continue reading
Dale Jarrett Racing Adventure Sets New Income Record
CHARLOTTE, N.C., Jan. 18 -- January 13th was a record day for Dale Jarrett Racing Adventure (BULLETIN BOARD: DJRT) as it booked over $250,000 in corporate business with three Fortune 100 corporate clients for the upcoming 2005 season. "We are extremely excited about our new partners. The corporate marketing campaign of ... Continue reading
Kemira Develops New Solutions for Reducing Nitrogen Emissions From Diesel Engine Exhaust Gas
HELSINKI, Finland, January 18 -- The Denoxium product family developed by Kemira (HEX: KRA1V) helps to reduce the nitrogen emissions from heavy-duty diesel engines to a level compliant with the European Union's new strict limit values and to do so more efficiently than has been possible to date. The new norms come into ... Continue reading
Spike TV Goes Behind Sce nes at Stock Car Race Spotlighting Up-and-Coming Drivers - That's Edgey
'The Funkmaster Flex Super Series' Profiles Racing Hopefuls Vying for an Opportunity at Racing Stardom Premieres on Spike TV Friday, January 21 NEW YORK, Jan. 18 -- The Funkmaster Flex Super Series, premiering on Spike TV on Friday, January 21 (9:00-10:00pm ET/PT), is an original racing reality special that gives an un ... Continue reading
General Motors to Launch New China Chevrolet Models in February
SHANGHAI, China January 17, 2005; Elaine Kurtenbach writing for the AP reported that boosting its lineup in an increasingly competitive market, General Motors Corp. announced Tuesday that it will launch a new series of made-in-China Chevrolets next month. The new small and mid-size models will roll out in late February ... Continue reading
Now Available: The Lamborghini Experience DVD
ATLANTA, Jan. 18 -- With more than 40 years of storied automotive history, numerous customers and legions of fanatic fans to satisfy, The Lamborghini Experience - 40 Years of Excellence DVD is the definitive Lamborghini DVD. The DVD will take owners and enthusiasts' breath away - beginning with the story of the 350 GTV ... Continue reading
DRESDEN, Germany & KUCHING, Malaysia--Jan. 18, 2005--ZMD AG and 1st Silicon (Malaysia) Sdn. Bhd. today announced that they have entered a strategic partnership for sourcing and joint development of advanced automotive technologies for deep sub-micron processes. The joint program combines ZMD's established expertise in ... Continue reading
Freescale Announces Management Changes
AUSTIN, Texas--Jan. 18, 2005--Freescale Semiconductor, Inc. announced today the departure of two senior executives. Scott Anderson, president and chief operating officer (COO), will end his 27-year career with the company. Freescale will streamline its governance structure and has no current plans to fill the role of p ... Continue reading
Research and Markets: Market for Car Door Lock Cylinders Shrinking
DUBLIN, Ireland--Jan. 18, 2005--Research and Markets (http://www.researchandmarkets.com/reports/c11940) has announced the addition of Vehicle Access And Security Systems: Trends, Forecasts and Companies to their offering As passive entry systems gain widespread appeal, the market for car door lock cylinders is shrinkin ... Continue reading
MBA Holdings Commences Motorcycle Leasing Operations
SCOTTSDALE, Ariz.--Jan. 18, 2005--MBA Holdings, Inc. (OTCBB:MBAH) has signed an agreement with D & M Leasing, Inc., a subsidiary of VT, Inc., for MBA's subsidiary, the National Motorcycle Association (NMDA), to provide retail motorcycle leasing to NMDA dealerships in the United States and Canada. D&M Leasing is under t ... Continue reading
GAITHERSBURG, Md.--Jan. 18, 2005-- Yankee Group Survey Indicates that 75 Percent of Surveyed Suppliers Agree Product Information Management Solutions Are a Valuable Investment A recent survey conducted by the Yankee Group and sponsored by Global eXchange Services (GXS), a leading provider of B2B e-commerce solutions, r ... Continue reading
ANSYS Awarded General Services Administration Contract for CFX Products
SOUTHPOINTE, Pa., Jan. 18 -- ANSYS, Inc. , a global innovator of simulation software and technologies designed to optimize product development processes, today announced that it has been awarded a contract by the U.S. General Services Administration (GSA) to sell its CFX(R) products and services, joining the other ANSY ... Continue reading
Dana Corporation to Host Fourth-Quarter and Full-Year 2004 Earnings Conference Call
TOLEDO, Ohio, Jan. 18 -- Dana Corporation announced today that it plans to release its fourth-quarter and full-year 2004 results on Wednesday, February 23, 2005. A conference call discussing these results is scheduled for 1 p.m. EST on that date. Dana's Chairman & CEO Mike Burns and Dana's Chief Financial Officer Bob R ... Continue reading
MILWAUKEE--Jan. 18, 2005--ARI (OTCBB:ARIS), a leading provider of electronic catalogs and related technology and services to increase sales and profits for dealers in the manufactured equipment markets, announced today that KTM North America, Inc. of Amherst, OH has authorized ARI's PartSmart(TM) electronic parts catal ... Continue reading
ITASCA, Ill.--Jan. 18, 2005--Midas, Inc. will present at the Sidoti & Company Emerging Growth Forum in Palm Beach, Fla., today (Tuesday, Jan. 18). Alan Feldman, Midas' president and chief executive officer, and William Guzik, senior vice president and chief financial officer, will lead the presentation to institutional ... Continue reading
SAE Detroit Section to Introduce Ford Escape Hybrid at February 17 Meeting
DETROIT--Jan. 18, 2005--Ford to introduce Escape Hybrid at the SAE Detroit Section meeting on Thursday, February 17, 2005. Speakers will be Phil Martens, Group Vice President, Product Creation; Mary Ann Wright, Director of Sustainable Mobility Technologies and Hybrid Vehicle Programs; Tom Watson, Propulsion Systems Imp ... Continue reading
Johnson Controls Reports First Quarter Earnings of $.87; Full-Year Outlook Confirmed
MILWAUKEE, Jan. 18 -- Johnson Controls, Inc. (JCI) today reported that net income rose 2% on a sales rise of 11% for the first quarter of fiscal 2005. The company also confirmed its previous outlook for the full year. (Logo: http://www.newscom.com/cgi-bin/prnh/20030423/JCILOGO ) Chairman and Chief Executive Officer Joh ... Continue reading
Official Launch of New American Car Company: FISKER COACHBUILD, LLC.
NEWPORT BEACH, California, January 17 -- Henrik Fisker and Bernhard Koehler announce the opening of a new luxury car company, FISKER COACHBUILD, based in Southern California to appeal to the global market. The objective of FISKER COACHBUILD is to combine beautiful design with existing world-class engineering. The focus ... Continue reading
Offizieller Startschuss für neues US-Automobilunternehmen: FISKER COACHBUILD, LLC.
NEWPORT BEACH, Kalifornien, January 18 -- Henrik Fisker und Bernhard Koehler geben die Gründung von FISKER COACHBUILD bekannt, einem neuen Luxusfahrzeugunternehmen mit Sitz in Südkalifornien, das Märkte weltweit bedienen wird. Das Ziel von FISKER COACHBUILD ist die Kombination von schönem Design mit der weltbesten ... Continue reading
Fleetwood Updates Expectations for Third Quarter
RIVERSIDE, Calif., Jan. 18 -- Fleetwood Enterprises, Inc. announced that the previously reported $5.2 million judgment in the case between Fleetwood Folding Trailers, Inc. and The Coleman Company, Inc., combined with slower-than-anticipated RV sales, have caused the Company to revise its prior expectations for its thir ... Continue reading
DaimlerChrysler Announces New Information Technology Management Structure
- Alignment positions organization for opportunities in the future - Commitment to in-house Information Technology management AUBURN HILLS, Mich., Jan. 18 -- DaimlerChrysler today announced that it will restructure its Information Technology Management (ITM) organization. The restructuring process, which began January ... Continue reading
Monro Muffler Brake, Inc. Announces Record Third Quarter Results
~ Sales Increase 25% ~ ~ Net Income Improves 21% ~ ROCHESTER, N.Y., Jan. 18 -- Monro Muffler Brake, Inc. announced today record financial results for the third quarter ended December 25, 2004. Third quarter sales increased 24.7% to $80.5 million compared to $64.5 million last year. Comparable store sales were up 2.4% d ... Continue reading
DaimlerChrysler Names Karenann Terrell VP and CIO
* Karenann Terrell becomes Vice President & CIO Chrysler Group and MBNA AUBURN HILLS, Mich., Jan. 18 -- The DaimlerChrysler Board of Management today announces the appointment of Karenann Terrell as Vice President. Terrell, previously Director - Managed Services & International Process Systems, has been appointed Vice ... Continue reading
New Porsche Boxster and 911 To Be Featured on Live NBC Broadcast
Nationally televised two-hour NBC Sports special will for the first time bring the 2005 North American International Auto Show to America's Living Rooms ATLANTA, Jan. 18 -- NBC Sports' two-hour telecast from Detroit's famous North American International Auto Show (The International Auto Show, 1 p.m., Sunday, Jan. 23, 2 ... Continue reading
R. L. Polk & Co. Reports Median Age of U.S. Cars on the Road Increases to Record High
SOUTHFIELD, Mich., Jan. 18 -- According to R. L. Polk & Co., for the fourth consecutive year the number of vehicles scrapped as a percentage of vehicles in use has declined. The percentage of total U.S. vehicles scrapped in 2004 was 5.3 percent, the lowest scrappage rate since 1993. (Logo: http://www.newscom.com/cgi-bi ... Continue reading
As any red blooded petrol head will attest, this is a great time for auto enthusiasts the world over. Not since the hotrod wars of the 60’s muscle cars has there been such a plethora of incredible high performance vehicles available. Take Ford for instance. With the revitalization of design lead by J Mays and the ... Continue reading
Continental AG plans sale of U.S. tire factory
HANNOVER, Germany, Jan 17, 2005; Reuters reported that car parts group and tyremaker Continental AG plans to sell a tyre factory in the U.S. state of Ohio as part of its campaign to focus on core businesses, a company spokesman said on Monday. Talks are under way on selling the Bryan plant, which employs nearly 300 sta ... Continue reading
BMW H(2)R Record Car to make Canadian debut at the Canadian International Auto Show
WHITBY, ON, January 17, 2005; BMW Group Canada will debut the H(2)R Record Car at the Canadian International Auto Show in mid-February. The H(2)R Car is an expression of BMW's commitment to dynamic performance through the use of a liquid hydrogen powered combustion engine. BMW H(2)R sets nine speed records The nine spe ... Continue reading
G.I. Joe's Growth Plans Continue With New Wells Fargo Retail Group Agreement
WILSONVILLE, Ore., Jan. 17 -- Norm Daniels, President and CEO of G.I. Joe's Sports and Auto Stores, today announced the completion of a five-year extension of an existing agreement with Wells Fargo Retail Finance, Boston, MA, that will provide up to $42.5 million in revolving credit. The company uses the credit line fo ... Continue reading
WARRENDALE, Pa., Jan. 17 -- The Society of Automotive Engineers (SAE) announced that Peter Karlsten, president and CEO of Volvo Trucks North America, Inc., has agreed to serve as the Executive Chair of the 2005 SAE Commercial Vehicle Engineering Congress & Exhibition, November 1 - 3, 2005 at the Donald E. Stephens Conv ... Continue reading
Craftsman Truck Series: Jimmy Spencer Dodge Ram feature
Monday, Jan. 17, 2005 Ray Cooper Daytona International Speedway Clear!Blue Material from 2005 Testing. 704-975-3232 Craftsman Truck Series. JIMMY SPENCER (No. 1 Mopar Dodge Ram) NOTE: The NASCAR Craftsman Truck Series test session encountered several weather-related problems on Saturday and Sunday. ... Continue reading
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