Dodge, Save Mart Supermarkets Sign Two-Year Deal as Co-Title Sponsors of NASCAR Event at Sears Point
SONOMA, Calif.--Oct. 18, 2001--Dodge and Save Mart Supermarkets have agreed to a two-year agreement that renews both partners as co-title sponsors of the NASCAR Winston Cup event at Sears Point Raceway. The event will be called the Dodge/Save Mart 350 through the 2003 season. The multi-year agreement continues the rela ... Continue reading
Fitch CDO Review: WTC Impact on Asset-Backed CDOs
NEW YORK--Oct. 18, 2001--On September 24, Fitch commented on the potential short- and long-term impacts that the WTC tragedy may have on various segments of the CDO market. This represents follow-up analysis based on an ongoing review of Fitch-rated CDOs that may be negatively impacted by the events of September 11. Sp ... Continue reading
FOR RELEASE: October 18, 2001 GM EARNS $385 MILLION, OR $0.85 PER SHARE, IN THIRD QUARTER, EXCLUDING SPECIAL ITEMSU.S. MARKET SHARE IMPROVESGMAC SETS THIRD-QUARTER EARNINGS RECORD DETROIT — General Motors Corp. today reported that it earned $385 million, or $0.85 diluted earnings per share, in the third quarter of 20 ... Continue reading
WOODCLIFF LAKE, N.J.--Oct. 18, 2001--Ingersoll-Rand Company , a leading diversified industrial enterprise, today reported net earnings of $76.3 million, excluding charges related to restructuring and productivity investments, or diluted earnings per share (DEPS) of 45 cents, for the third quarter ended September 30, 20 ... Continue reading
NEW YORK--Oct. 18, 2001--The Governments of Japan and the United States have agreed to create a new, stand-alone "Japan-U.S. Automotive Consultative Group (ACG)." In light of the two Government's shared recognition of the automotive industry's vital importance to both countries as well as to the world economy, the ACG ... Continue reading
JIM PARTRIDGE NAMED DIRECTOR OF DRAG RACING OPERATIONS
JIM PARTRIDGE NAMED DIRECTOR OF DRAG RACING OPERATIONS FOR NEW IRWINDALE DRAGSTRIP ... FIRST PUBLIC EVENT SUNDAY Irwindale, Calif. - - (October 18, 2001) Jim Partridge, 44, former Director of the National Hot Rod Association Street Legal Drag Racing Program at Pomona Raceways, has been named Director of Drag Racing Ope ... Continue reading
Old Dominion Freight Line Selects Descartes
WATERLOO, Ontario--Oct. 18, 2001-- Less-Than-Truckload Carrier To Improve Efficiency With Routing And Scheduling Network Technology The Descartes Systems Group Inc., , , a leading provider of logistics management technology, announced today that Old Dominion Freight Line, Inc., , has selected Descartes' technology to i ... Continue reading
Six in running for Like a Rock Award
Contact: Judy Stropus 203-438-0501 203-431-4139 fax 203-788-5863 cell 800-CHEVY-VM messages "Like a Rock" Award Update October 18, 2001 Six Drivers/Teams Still in Running PHOENIX, Ariz.: After 22 races of the 24-race 2001 NASCAR Craftsman Truck Series, Addington Racing and rookie Travis Kvapil, with 3952 of a possib ... Continue reading
Ugly Duckling Announces Upcoming Financial Results for Third Quarter 2001, Conference Call
PHOENIX--Oct. 18, 2001--Ugly Duckling Corporation , announced today that members of the public are invited to the Company's live quarterly call on the Internet, on Thursday, October 25, 2001 at 9:30 AM Arizona Time/12:30 PM EST. The one-hour conference call will feature Greg Sullivan, CEO, and Steven Darak, CFO in a di ... Continue reading
Autoliv Inc. Announces Financial Report for July to September 2001
Autoliv Inc., the worldwide leader in automotive safety systems, continue to perform better than the weak underlying car market. In the third quarter this year, the Company's organic sales declined by 3% to $908 million while light vehicle production in Europe and North America fell by an average of 6%. In order to fur ... Continue reading
Textron Reports Third Quarter Results In Line with Prior Estimates
Textron Inc. today reported a loss before special charges and restructuring-related expenses of $35 million, or $0.25 per share, for the third quarter ended September 29, 2001, in line with the company's previously announced estimate. This compares to earnings of $158 million or diluted earnings per share of $1.08 in t ... Continue reading
Monro Muffler Brake, Inc. Reports Second Quarter Results
Monro Muffler Brake, Inc. today reported results for the second quarter ended September 29, 2001. Sales for the fiscal 2002 second quarter were $60.5 million, compared with $60.4 million for the second quarter ended September 30, 2000. Comparable store sales, adjusted for one less selling day in the period, increased 0 ... Continue reading
Carpenter Technology Reports First Quarter Financial Results
Carpenter Technology Corporation today reported that net sales for the first fiscal quarter ended September 30, 2001, decreased 10 percent to $251 million from $278 million for last year's first quarter. The comparisons to the prior year are before the effects from the adoption of the Securities and Exchange Commission ... Continue reading
Superior Industries Begins Shipping Aluminum Suspension Components for the 2002 Cadillac CTS
Superior Industries International, Inc. announced today that it has begun shipping production quantities of two aluminum suspension components for the all-new 2002 Cadillac CTS. Superior is manufacturing both the front and rear upper control arm assemblies for the CTS at its dedicated suspension components facility in ... Continue reading
Tower Automotive Announces Operating Results for the Q3 and Nine Months
Tower Automotive, Inc. , today announced operating results for the third quarter and nine months ended September 30, 2001. For the third quarter of 2001, revenues were $558 million, a 4 percent increase, compared with $536 million in the 2000 period. Revenues for the third quarter of 2001 included revenues for our Asia ... Continue reading
Midas Reports Q3 Earnings Per Share of $.35
Midas, Inc. today reported its results for the third quarter ended Sept. 29, 2001. Third quarter earnings were $5.2 million, down from $7.2 million in 2000, excluding a non-recurring tax benefit of $4.8 million last year related to the sale of the company's Australian operations. Earnings per diluted share this year we ... Continue reading
CTS Announces Third Quarter Results
CTS Corporation today announced results for the third quarter of 2001. Third quarter sales were $131.2 million compared to $222.1 million for the third quarter of 2000. Sales for the first nine months of 2001 were $451.9 million compared to the $633.1 million for the first nine months of 2000. Reported results for the ... Continue reading
Popular Mechanics Announces Winners of 2002 Design & Engineering Awards
The winners of the prestigious Popular Mechanics 2002 Design & Engineering Awards were announced by Editor-in-Chief Joe Oldham. The Awards honor innovation, invention, design and engineering in the five fields covered editorially: automotive, technology, home improvement, outdoors, and science. The sixteen winners will ... Continue reading
Fitch Downgrades Debt Of GM And GMAC
Fitch has downgraded the senior unsecured debt of General Motors Corporation (GM) and its financial services subsidiary, General Motors Acceptance Corp. (GMAC) to 'A-' from 'A' and the corresponding commercial paper ratings to 'F2' from 'F1' (see below for all entities). The Rating Watch Negative is removed and the Rat ... Continue reading
Monro Muffler Brake, Inc. Reports Second Quarter Results
Monro Muffler Brake, Inc. today reported results for the second quarter ended September 29, 2001. Sales for the fiscal 2002 second quarter were $60.5 million, compared with $60.4 million for the second quarter ended September 30, 2000. Comparable store sales, adjusted for one less selling day in the period, increased 0 ... Continue reading
AAA Texas Announces Steep Decrease in Gas Prices
Big decreases in gasoline prices will make auto vacations more affordable and should bolster holiday spending budgets, according to AAA Texas. AAA Texas' monthly Fuel Gauge shows the statewide average price of a gallon of gasoline is $1.23, down nearly 20 cents since mid-September when the average price was $1.42 a gal ... Continue reading
AmeriCredit Announces $1.8 Billion Asset-Backed Securitization
AMERICREDIT CORP. announced today the pricing of a $1.8 billion offering of automobile receivables-backed securities through Lead Managers J.P. Morgan Securities Inc. and Deutsche Bank Alex. Brown and Co-Managers Banc of America Securities LLC, Credit Suisse First Boston, and Merrill Lynch & Co. The securities will be ... Continue reading
Genuine Parts Company Reports Third Quarter Results
Genuine Parts Company reported sales and earnings for the third quarter ended September 30, 2001. Larry Prince, Chairman of the Board of Directors, announced today that sales totaling $2.1 billion were down 2% as compared to the third quarter of 2000. Net income was $88.2 million, a decrease of 4% from $91.7 million fo ... Continue reading
NYPA Announces "Clean Commute" Program
The New York Power Authority (NYPA) is joining forces with Ford Motor Company to provide a clean, green alternative for the metropolitan New York commuter. NYPA and Ford's electric vehicle group, TH!NK Mobility, will launch the "NYPA/TH!NK Clean Commute," a commuter station car demonstration using the TH!NK city electr ... Continue reading
Payless Car Rental Opens Franchise at Chicago O'Hare
Payless Car Rental System, Inc. has expanded to the Chicago market with two new franchise locations in Buffalo Grove and Chicago O'Hare International Airport. The franchise openings are part of Payless Car Rental's aggressive development plan to double the number of worldwide locations by 2003. "Our proximity to the ai ... Continue reading
Redesigned 2002 Toyota Camry to be Showcased at SAE Detroit Meeting
The Society of Automotive Engineers (SAE) Detroit Section will hold its November meeting on Thursday, November 1, at the Burton Manor, Livonia, Michigan. The new look of America's best selling car, the 2002 Toyota Camry, will be discussed. Owing to it's reputation as a reliable, practical, midsize car, it has been the ... Continue reading
Uniservice Announces Proxy with Securities and Exchange Commission
Uniservice Corp. announced today that Associated Automotive Group Inc. provided the Uniservice Board of Directors with its audited financial statements and certain other information, thereby satisfying key conditions of the terms of the agreement by Uniservice to acquire Associated. Uniservice also announced that it is ... Continue reading
USA Truck, Inc. Announces Operating Results
USA Truck, Inc. today announced record operating revenues of $64,867,371 for the quarter ended September 30, 2001, an increase of 16.8% from $55,532,933 for the same quarter of 2000. Net income increased 15.0% to $589,287 for the third quarter of 2001, compared to $512,357 for the third quarter of 2000. Fully-diluted n ... Continue reading
Memorial Service for USAR Crew Member
The funeral service and memorial service for Darren Darnell crew member for the #56 Daniel Johnson team who passed away Sunday night will be held Wednesday, October 17th at: McEwen Funeral Home 7428 Mathews Mint Hill Road Charlotte, NC 28227 704-545-4864 USAR Chaplain Jim Evans will be conducting the service. ... Continue reading
ARCA RE/MAX Talladega factsheet
Updated info & entry list at arcaracing.com, and thanks. Don Radebaugh TALLADEGA FACTSHEET RACE: Food World 300, 10-20-01 TRACK: Talladega Superspeedway, 2.66 mile paved oval LOCATION: Talladega, Alabama DISTANCE: 300 miles (113 laps) SANCTION: ARCA SERIES: Event #24 of the 2001 ARCA RE/MAX Series PROMOTER: Internation ... Continue reading
Driver Spotlight on Chris Bingham
Driver Spotlight on Chris Bingham DAYTONA BEACH, Fla. (Oct. 17, 2001) - After starting the 2001 Rolex Sports Car Series season on a low note with an early exit from the Rolex 24 At Daytona, Chris Bingham is looking forward to changing his luck during his second trip to Daytona International Speedway for the Grand-Am Fi ... Continue reading
Exide Technologies Restructures
PRINCETON, N.J., Oct. 17 -- Exide Technologies , the global leader in stored-electrical energy solutions, announced a restructuring to consolidate company operations worldwide from five customer-focused business units to three, according to Exide Technologies President & CEO Craig H. Muhlhauser. "The Global Network Pow ... Continue reading
Coast Distribution Expands Hoosier Facility
MORGAN HILL, Calif., Oct. 17 -- The Coast Distribution System, Inc. (Amex: CRV) announced today that it has begun construction on the 20,000 square foot expansion of its main hub warehouse in Elkhart, Indiana. Chairman Thomas McGuire stated, "This expansion, coupled with the addition of new racking systems, will allow ... Continue reading
WESTMONT, Ill., Oct. 17 -- Aftermarket Technology Corp. , today announced that its CRS facility in Gastonia, North Carolina has been awarded its first contract with the Saturn Corporation. Under the terms of this exclusive multi-year agreement, CRS will remanufacture transmissions, valve body assemblies and pump assemb ... Continue reading
Green Honda Facility Opens in Oregon
Oregon Firms Provide Expertise in Environmentally Friendly Design Techniques, Use of Recycled & Recyclable Products GRESHAM, Ore., Oct. 17 -- American Honda officially opened its unique "green" facility, a 212,888 sq. ft. warehouse, training center and zone office, designed and constructed with recycled, recyclable and ... Continue reading
ON-Star Offers Real Time Traffic In 70 Cities
TROY, Mich., Oct. 17 -- OnStar becomes the first to offer location-based real-time traffic in 70 U.S. metropolitan areas through the hands-free, voice-activated OnStar Virtual Advisor service. OnStar subscribers in these cities can now get the traffic reports for their vehicle location by simply accessing the Virtual A ... Continue reading
Best figures for the first nine months * Record market shares in Germany and Western Europe * Growth defies general trend * Ideal basis for continued success in the year 2002 MUNICH, Germany, Oct. 17 -- "Audi has recorded the best nine- month figures for vehicle sales, sales revenues and profit in its history and is in ... Continue reading
Watch Out Tire Rack Here Comes Sam
BENTONVILLE, Ark., Oct. 17 -- SAM'S CLUB(R) is revving up its online membership warehouse club, located at http://www.samsclub.com, with a new feature enabling members to order tires direct from the manufacturer for delivery to the nearest SAM'S CLUB for quick installation. This new development demonstrates SAM'S CLUB' ... Continue reading
GM Shows Latest Hydrogen Fuel Cell
Hydrogen Powered Fuel Cell Vehicles Are Key to Many of Today's Challenges OEM's Depend on Government's and Infrastructure Companies' Support TOKYO, Oct. 17 -- At a technical seminar in Tokyo, GM announced today its vision of tomorrow's transportation, and showed its latest, benchmark setting fuel cell vehicles and othe ... Continue reading
Hydrogenics And GM Combine To Form Hydrogen Partnership
TOKYO, Oct. 17 -- General Motors Corporation and Hydrogenics Corporation announced today the two companies have formed a strategic alliance to accelerate the development of fuel cell technology into global commercial markets. The alliance will include shared intellectual property rights and joint efforts in fuel cell p ... Continue reading
Ford Credit Earns Big Bucks...Lets See Prime 3% Existing Loans 12%- Duh
DEARBORN, Mich., Oct. 17 -- Ford Credit earned $376 million in the third quarter of 2001, with earnings for the first nine months of 2001 totaling $1.14 billion. Excluding adjustments related to SFAS 133 (Accounting for Derivative Instruments and Hedging Activities), Ford Credit earned $389 million, up 1 percent from t ... Continue reading
CLEVELAND, Oct. 16 -- TRW Inc. announced today further actions to accelerate the transformation of TRW into a leaner, faster, and more customer-responsive company. (Photo: http://www.newscom.com/cgi-bin/prnh/20010824/TRWLOGO ) These actions include consolidating the company's global automotive operations into a single ... Continue reading
MB'S Bernard Kuhnt Goes Western
MONTVALE, N.J., Oct. 16 -- Mercedes-Benz USA (MBUSA) today announced the appointment of Bernard Kuhnt to the position of vice president of sales - west, effective immediately. The newly defined position is responsible for sales operations for the western portion of the United States covered by MBUSA's Los Angeles and S ... Continue reading
Sonic Auto Buys More Dealerships
CHARLOTTE, N.C., Oct. 16 -- Sonic Automotive, Inc. announced today that it has purchased or entered into agreements to purchase four dealerships. The dealerships have combined revenues of approximately $375 million annually. Three of the four acquisitions, representing approximately $325 million in annual revenue have ... Continue reading
Seized Rolls, Bentley To Be Auctioned
SILVER SPRING, Md., Oct. 16 -- Bid4Assets, Inc., a leading full-service asset disposition and advisory services company, today announced that it will auction two luxury automobiles seized by the U.S. Marshals Service. The Bentley and Rolls Royce were seized in a criminal fraud case. The online auctions will be held Oct ... Continue reading
NADA To Promote New Car Buying-So?
N.A.D.A. Appraisal Guides Offers OEM's Up to One Million Free Ad Impressions at Its Website in Light of Recent Terror Attacks COSTA MESA, Calif., Oct. 16 -- NADAguides.com, one of the world's leading automotive information resources on the Web, today announced it will offer up to one million free ad impressions to inte ... Continue reading
ROCHESTER, N.Y., Oct. 16 -- Torvec, Inc.'s (OTC Bulletin Board: TOVC) Board of Directors announced today that it had completed the qualification review of domestic and international diesel engine providers. As a result, Torvec has made arrangements with a major diesel engine manufacturer to supply it with the most adva ... Continue reading
Sirius Satellite Radio CEO Steps Down
In-Vehicle Testing Expanding to Six Additional Markets Commercial Launch Update Scheduled for November 14th NEW YORK, Oct. 16 -- Sirius Satellite Radio , the satellite radio broadcaster, today announced that David Margolese has stepped down as Chief Executive Officer. The duties of Chief Executive Officer will be assum ... Continue reading
Ducati Hasa Gooda Salesa...Datsa Nicea
BOLOGNA, Italy, Oct. 16 -- Ducati Motor Holding S.p.A. , a leading manufacturer of high performance motorcycles, today announced consolidated revenues for the third quarter, ended September 30, 2001. For the third quarter, revenues were Euro 61.9 million (US$56.5 million), up 7.1% from Euro 57.8 million (US$52.8 millio ... Continue reading
Hyundai Will Move Design Center to Irvine Spectrum
Cutting Edge Design Center to Be Built in the Irvine Spectrum - FOUNTAIN VALLEY, Calif., Oct. 15 -- What happens when a hot automotive design team creates one successful model after another? They grow until they run out of space! Hyundai Motor America (HMA), who has had their seventh consecutive record-breaking month o ... Continue reading
BUYERS RESPOND TO "KEEP AMERICA ROLLING 0% RATE- GM SAYS KEEP IT ROLLING
AP reported that General Motors Corp. said it is extending its interest-free financing program to Nov. 18. The program, called ``Keep America Rolling,`` was scheduled to be discontinued at the end of October. The program began Sept. 20 as a way to jump start sales after a slump following the Sept. ... Continue reading
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