A Cure For China's Traffic Woes - Is LA Next?
SHANGHAI, Dec 17, 2002; Reuters reported that China's gridlocked drivers will be able to sing their blues away next year after the country's only privately owned car maker rolls out a car equipped with karaoke gear. China Geely Group said on Tuesday its new model, the Geely Beauty Leopard, would retail for 150,000 yuan ... Continue reading
Trading Halted In Brilliance China Shares
HONG KONG, Dec 18, 2002; Reuters reported that trading in the shares of Brilliance China Automotive Holdings Ltd, China's largest van maker, was suspended on Wednesday, amid speculation that the firm was likely to unveil . ... Continue reading
Duerr Wins $150 Million Contract From Hyundai
STUTTGART - December 18, 2002; Dow Jones reported that German supplier of manufacturing systems and manufacturing support services for the automotive industry Duerr AG said Wednesday it won a contract worth around $150 million from Korean automobile manufacturer Hyundai for the delivery of a complete paint shop. The ne ... Continue reading
Zeuna Starker's Bleidt to Lead ArvinMeritor's Air and Emissions Technologies
TROY, Mich., Dec. 18, 2002; ArvinMeritor, Inc. announced today that it has agreed to acquire the remaining 51-percent interest in its German joint venture, Zeuna Starker GmbH & Co. KG, a premier $600-million exhaust and emissions solutions company. The purchase price is approximately $75 million, and the transaction is ... Continue reading
Hyundai Considers Europe For New Auto Plant
SEOUL December 18, 2002; Jeongjin Lim writing for Dow Jones reported that even as it is building a new plant in the U.S. state of Alabama, Hyundai Motor Co. is turning its eyes to Europe for its next overseas push, driven by an ambition to become the fifth-largest carmaker in the world by 2010. "Hyundai Motor has long- ... Continue reading
CCM Student Designs Displayed At Michelin Challenge Design Display
DETROIT, Dec. 17 -- Four students from the College of Creative Studies (CCS) in Detroit will have their designs on display alongside those of designers from 13 different countries at the 2003 North American International Auto Show (NAIAS) as part of the Michelin Challenge Design(TM) display at Cobo Center. CCS Students ... Continue reading
Toyota Hybrid & Electric Vehicles Electrify New York
NEW YORK, Dec. 17, 2002; The City and State of New York have purchased a total of 574 Toyota Prius hybrid electric-gasoline cars since early last year for use by various civic agencies. This puts the City at the head of a nationwide roster of municipalities -- from Oregon to Maine -- that have found the 52-mile-per-gal ... Continue reading
Ford Thinks its OK To Be Gay (and Rich) - Sells Them JagUars
DETROIT, Dec 17, 2002; Reuters reported that Ford Motor Co. announced on Tuesday a U.S. advertising campaign aimed at pitching Jaguar cars to gay buyers, noting the group's wealth and taste for luxury goods. "Typically consumers in that market tend to have high disposable income and they tend to have a higher tendency ... Continue reading
Honda Goal: Increase 2003 Global Sales 10% To 3.1 Million Cars
TOKYO December 18, 2002; Dow Jones reports that Honda Motor Co. aims to sell 3.1 million cars globally in 2003, up 10% from an estimated 2.82 million units in 2002, the second-largest Japanese carmaker said Wednesday. For comparison, Toyota Motor Corp., Japan's biggest carmaker, said Tuesday it is pegging its global sa ... Continue reading
Shika? Use A Designated Driver, Crackdown on Drunk and Drugged Driving Begins
WASHINGTON, Dec. 18 -- The TEAM (Techniques for Effective Alcohol Management) Coalition, Inc. today urged fans to make use of a designated driver as a nationwide crackdown on drunk and drugged driving begins. TEAM joined the National Highway Traffic Safety Administration (NHTSA) and others to launch You Drink & Drive. ... Continue reading
Poll Shows Designated Drivers Are Sexy
ST. LOUIS, Dec. 18 -- When asked to choose one female and one male celebrity "fantasy" Designated Driver for an evening, the majority of Americans choose Paul Newman (36 percent) and Sandra Bullock (34 percent), beating out celebrities such as Eddie Murphy (19 percent), Tom Cruise (15 percent), Jennifer Lopez (17 perce ... Continue reading
ARCA RE/MAX press conference notes, 03 TV announced
ARCA RE/MAX SERIES 2003 TV PLANS ANNOUNCED For Immediate Release (12-14-02) COVINGTON KY – With Frank Kimmel’s 2002 championship Ford Taurus paired up with Benny Parson’s 1968 championship Ford Torino as center pieces, the annual ARCA RE/MAX Series press conference went off without a hitch Saturday afternoon at t ... Continue reading
-- For more than 50 years, Land Rover vehicles have inspired adventurers from around the world to seek out new places and push the limits of both man and machine. That tradition will be reaffirmed on March 30, 2003, when the inaugural Land Rover G4 Challenge begins. This global adventure competition will pit 16 interna ... Continue reading
UPS Deploys Industry's First Alternative Fuel Tractors to Research Reduced Emissions
ATLANTA--Dec. 17, 2002--Today UPS will introduce the package delivery industry's first alternative fuel Class 8 tractors. Ten Liquefied Natural Gas (LNG) tractors will officially begin operating in the company's West Coast fleet each day traveling from California to Nevada. The LNG tractors are part of UPS's "rolling l ... Continue reading
Auxer Announces Viva's Plans & Makes a Correction
PATERSON, N.J.--Dec. 17, 2002--The Auxer Group, Inc. (OTCBB: AXGI) announced today that, its merger candidate, Viva Airlines, Inc. is planning to change its name to Viva International, Inc. Robert Scott, President and Chief Executive Officer of VIVA, stated, "Our goal is to conduct international operations and our name ... Continue reading
Diodes Incorporated Introduces Line of Thyristor Surge Protective Devices
WESTLAKE VILLAGE, Calif.--Dec. 17, 2002--Diodes Incorporated , a leading manufacturer and supplier of high-quality discrete semiconductors, today announced the release of a comprehensive line of Thyristor Surge Protective Devices (TSPDs) in SMB surface mount packages. With their fast-switching capabilities and high rel ... Continue reading
Market Scan Information Systems Names Ronald H. Means CEO
WESTLAKE VILLAGE, Calif.--Dec. 17, 2002-- New CEO Ron Means to Team With Market Scan Co-founders Russell West and Rusty West to Drive Growth, Technology Solutions and Customer Service Market Scan Information Systems, the leading provider of financing software solutions for automotive dealers, today announced the appoin ... Continue reading
Multimedia Available/The Hundredth Anniversary of the First Powered Plane Flight
-- Aviation pioneers and enthusiasts will gather in Washington for a ceremony marking the yearlong 100th anniversary celebration of the first powered airplane flight. Get video now. You can reach the story directly by going to http://www.newstream.com/cgi-bin/display_story.cgi?8044 This multimedia news story is for fre ... Continue reading
MINNEAPOLIS--Dec. 17, 2002-- Survey Provides Glimpse Into Top Transportation Management Trends for 2003, with 96.2 Percent of Respondents Ranking TMS as "Very Important" to Their Overall Logistics Strategy Nistevo Corp., the leading Collaborative Logistics Network(SM) for transportation management, announced today the ... Continue reading
SEATTLE--Dec. 17, 2002--With only eight days left in the holiday shopping season, PEMCO Insurance reminds shoppers to be aware of car prowling "Grinches" who can ruin a Christmas morning by breaking into shoppers' cars to steal gifts. Hordes of shoppers whisking from store to store, filling up backseats with valuable m ... Continue reading
WOODBURY, N.Y. & SOUTHFIELD, Mich.--Dec. 17, 2002--Homeowners, architects, designers, and developers will soon be able to see the latest SPD-Smart windows at the Reid Glass showroom in Southfield, Michigan. The BRG Group, with its experience in innovative automotive products, has aligned with Reid Glass Company, which ... Continue reading
OYSTER BAY, N.Y.--Dec. 17, 2002--The printed circuit board market reached a bottom in 2001, with worldwide sales expected to increase slightly in 2002. However, exceeding the levels posted in 2000, when global revenues topped $42 billion, will not happen for some time. Weaknesses in several tech sectors are to blame, i ... Continue reading
Tower Automotive Announces It Will Not Continue as Supplier for Next Ford Explorer Frame
GRAND RAPIDS, Mich.--Dec. 17, 2002--Tower Automotive, Inc. , announced today that it will not supply the frame for the next generation Ford Explorer. The company presently produces the frame for the current Ford Explorer platform in its Corydon, Ind. plant, which employs approximately 800 colleagues. The future status ... Continue reading
Union Acceptance Reaches Agreement on Receivables Sale
INDIANAPOLIS--Dec. 17, 2002--Union Acceptance Corporation (OTCBB:UACAQ) ("UAC") today announced that it has reached an agreement for its subsidiary, UAFC-2 Corporation, to sell substantially all of the approximately $200 million of receivables held under its warehouse facility with Wachovia Securities to a partnership ... Continue reading
Valeo Advanced Thermal Systems to Be Featured on Future Chrysler Group Vehicle
PARIS--Dec. 17, 2002--Next-generation thermal systems developed by Valeo (Paris: FR; OTC: VLEEY) - including both engine cooling and HVAC (heating, ventilation, and air conditioning) - will keep powertrain and passengers at the optimum desired temperatures in a future Chrysler Group vehicle. Commenting on the significa ... Continue reading
Worthington Industries To Host Second Quarter Earnings Conference Call
COLUMBUS, Ohio--Dec. 17, 2002--Worthington Industries, Inc. will hold its quarterly conference call on Wednesday, December 18, 2002 at 1:30 p.m. Eastern Standard Time. The company will discuss its second quarter results which will be released earlier the same day. A live audio webcast will be available via an Internet ... Continue reading
Auto Dealers Association of Greater Philadelphia and SEPTA Announce Partnership
E. NORRITON, Pa., Dec. 16, 2002; The Automobile Dealers Association of Greater Philadelphia (ADAGP) and SEPTA announced today an agreement for SEPTA to provide discounted weekday tickets to the 2003 Philadelphia International Auto Show and offer a specially designed discounted rail pass -- the "Turbo Pass." For the fou ... Continue reading
GM's HydroGen3 To Power FedEx Trucks
december 17, 2002 FedEx Express To Operate Vehicle For One Year TOKYO - Federal Express Corporation ("FedEx Express") and General Motors Corp ("GM") announced a joint program to advance fuel cell technology by conducting the first commercial test of a fuel cell vehicle in Japan. FedEx Express will participate in GM's H ... Continue reading
CarParts Technologies Names Steve Johnson Chief Financial Officer
SAN JUAN CAPISTRANO, Calif.--Dec. 17, 2002-- CarParts Technologies Inc. (CPT), the leading provider of open, e-commerce and business automation software solutions for the automotive aftermarket, today announced the appointment of Steve Johnson as chief financial officer. In his new position, Johnson will be responsible ... Continue reading
Peterbilt Ranks Highest for Customer Satisfaction in Conventional Medium-Duty Segment
BELLEVUE, Wash.--Dec. 17, 2002--For the second consecutive year and third time in four years, Peterbilt Motors Company, a division of PACCAR Inc , ranks highest in the J.D. Power and Associates Medium Duty Truck Customer Satisfaction Study(SM) in the conventional medium-duty truck segment. Kenworth Truck Company, a div ... Continue reading
New Astra 1.7 CDTI First Diesel
FOR RELEASE: December 17, 2002 New Astra 1.7 CDTI First Diesel to Comply with Euro 4 ECOTEC four-valve engine (59kW/80 hp) with common rail direct injection Internal engine features significantly reduce emissions Rüsselsheim -Higher performance, more refinement and significantly lower exhaust emissions. These are the ... Continue reading
DELMIA And Central Michigan University Enter Into Academic Partnership
TROY, Mich.--Dec. 18, 2002--Digital manufacturing solutions provider DELMIA, a Dassault Systemes company , has announced it has entered into an academic partnership with Central Michigan University's (CMU) College of Extended Learning. Under the terms of the agreement, CMU has purchased DELMIA's DPM Assembly . ... Continue reading
ZETEC CHAMPIONSHIP MOURNS TRAGIC LOSS
FOR IMMEDIATE RELEASE ZETEC CHAMPIONSHIP MOURNS TRAGIC LOSS FAIRFIELD, N.J. (December 17, 2002)—The Formula Ford 2000 Zetec Championship is greatly saddened to announce the death of Doreen Morgan. Mrs. Morgan passed away Monday afternoon in Savannah, Georgia, following a severe traffic accident. As the wife of Ri ... Continue reading
SEMA Spring Expo 2003 to Showcase Light-Truck and Restyling Accessories
FOR IMMEDIATE RELEASE Media Contacts: Rosemarie Kitchin, rosemariek@sema.org SEMA 909/396-0289, ext.104 SEMA SPRING EXPO 2003 TO SHOWCASE LIGHT-TRUCK AND RESTYLING ACCESSORIES Light -Truck and Compact Import Car Markets Push Accessory and Appearance Product Sales to New Heights DIAMOND BAR, Calif. (Dec. 17, 2002) -- Au ... Continue reading
Toyota Camry To Regain Sales Title
TORRANCE, Calif. December 18, 2002; Alan Ohnsman writing for Bloomberg reported that Toyota Motor Corp.'s Camry is poised to regain the top spot in U.S. car sales this year from Honda Motor Co.'s Accord, as the Japanese automakers dominate in midsize sedans for a sixth straight year. The Camry, redesigned with more int ... Continue reading
Tower: "Hey Ford You Can Take This Job And Shove It"
Detroit, Michigan December 18, 2002; John Porretto writing for AP reported that Tower Automotive Inc. said it will not make the frame for the next-generation Ford Explorer because of profitability concerns, news that analysts say reflects ongoing difficulties between Ford and some suppliers. Tower's share price spirale ... Continue reading
Mazda Establishes Management Advisory Committee
Mazda Motor Corporation today announced the appointment of four advisors to its newly established Management Advisory Committee. ... Continue reading
December 18, 2002; The AP reported that General Motors Corp. needs to stick with aggressive incentives and marketing to overcome consumer perceptions that the automaker's quality still lags rivals, GM's top market researcher said. Paul Ballew called the automaker's long-time reputation for building low grade products a ... Continue reading
General Motors' HydroGen3 To Power FedEx
TOKYO December 18, 2002; Kae Inoue and Lindsay Whipp writing for Bloomberg Reported that FedEx Corp., the largest overnight delivery company, will use General Motors Corp.'s fuel cell vehicle to deliver mail in Tokyo, enabling the world's biggest automaker to test the car under genuine conditions. The company will use ... Continue reading
Tower: "Hey Ford You Can Take This Job And Shove It"
Detroit, Michigan December 18, 2002; John Porretto writing for AP reported that Tower Automotive Inc. said it will not make the frame for the next-generation Ford Explorer because of profitability concerns, news that analysts say reflects ongoing difficulties between Ford and some suppliers. Tower's share price spirale ... Continue reading
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