Thursday, June 18, 1998

AAA to Assist With Red Wings Parade

Anticipating heavy crowds for today's Red Wings celebration parade and rally in downtown Detroit, AAA Michigan has added a tow truck near Hart Plaza to assist motorists. ... Continue reading

AMA: Who's The World's Best?

AMA: Who's The World's Best? ... Continue reading

Amcast Reports Third Quarter Results

Amcast Industrial Corp. reported major increases in sales and earnings for its fiscal third quarter ended May 31. Driven by recent acquisitions and operating efficiencies, sales rose 50% over the same period last year and net income increased 25%. ... Continue reading

AQM Announces Earnings for Second Quarter 1998 Sales Growth Continues

AQM Automotive Corporation today announced its consolidated financial and operating results for its second fiscal quarter in 1998 (March 1, 1998 to May 31, 1998.) and for the 12-month period ended May 31, 1998. ... Continue reading

Automakers Applaud Effort to Bolster Yen

The following is a statement by Andrew H. Card, Jr., President & CEO of the American Automobile Manufacturers Association (AAMA), in response to U.S. intervention in exchange markets to try to bolster the yen: ... Continue reading

Bethlehem Steel Receives Third Consecutive GM Supplier Award

Bethlehem Steel employees today hosted executives of General Motors, state and community leaders and local GM dealers as the steelmaker celebrated receiving GM's Supplier of the Year Award for the third consecutive year. ... Continue reading

Bikers Dream Announces Appointment of CFO

Bikers Dream announced the appointment of Christopher Ebert as Chief Financial Officer, effective June 22, 1998. ... Continue reading

Bing Group Company Earns Recognition from General Motors

Superb Manufacturing, Inc. was recently honored in Mexico City with the 1997 GM Supplier-of-the-Year award. General Motors Worldwide Purchasing honored 182 supplier companies who exceed specific performance standards. ... Continue reading

Budget Group Announces the Pricing of $300 Million Convertible Preferred Securities

Budget Group, Inc. announced the pricing of its $300 million 6-1/4% Remarketable Term Income Deferrable Equity Securities. The securities will be convertible into Class A Common Stock at a conversion price of $32.94. ... Continue reading

Chase Manhattan Auto Owner Trust 98 Notes & Certificates Rated

Standard & Poor's today assigned its ratings to Chase Manhattan Auto Owner Trust 1998-C's asset backed notes classes A-1 through A-4 and asset backed certificates (see list below). ... Continue reading

Commercial and Government Fleets Comply with New EPA Regulations

As the EPA's 12/22/1998 federal deadline draws near, many comm. and gov. fleets are still pondering what to do with their under- ground storage tank systems and how to pay for new tanks,special equipment, insurance, environmental testing, and clean-ups. ... Continue reading

DataLynx To Capitalize On Rapidly Growing Industry

AlliedSignal today announced a new satellite command, control and communications network, DataLynx(SM), to complement the company's skills in flight operations and telemetry data processing and form a new hardware/services offering. ... Continue reading

Echlin Announces Third-Quarter Operating Earnings Up 47%

Echlin Inc. announced operating earnings per share of 78 cents for its third fiscal quarter ended May 31, 1998, an increase of 47.2% over the 53 cents per share earned in the third quarter last year. ... Continue reading

EcoTyre Technologies Inc. Announces Release of Shareholder Notices

EcoTyre Technologies Inc. announced Thursday that the Board of Directors has authorized the dissemination of notices to all shareholders pertinent to the following developments: ... Continue reading

Federal-Mogul Powertrain Systems Earns Ford Full Service Supplier Recognition

Federal-Mogul Corporation's Powertrain Systems group has successfully fulfilled the requirements necessary to achieve Ford Full Service Supplier status for pistons and piston rings. ... Continue reading

Goodyear Christens New Airship

Goodyear's newest airship -- the Stars & Stripes -- officially joined the world's largest fleet of blimps today. Salma Gibara, wife of Goodyear Chairman Sam Gibara, christened the new airship today at the company's airship hangar here. ... Continue reading

Goodyear: Don't Go Looking for Trouble on Summer Trips

Cracked automotive belts and nerves often go together, as do overheated engines and tempers. But it doesn't have to be that way, according to Goodyear Engineered Products, if motorists take the time to inspect their automotive belts and hose. ... Continue reading

Hendrick Marrow Program Benefit Event

Hendrick Marrow Program Benefit Event ... Continue reading

History Made at Indy as Three Series Take to Track

HISTORY MADE AT INDY AS THREE SERIES TAKE TO TRACK Pep Boys IRL, NASCAR Winston Cup, IROC cars test at Speedway ... Continue reading

H Power, NJDOT Puts Fuel Cell Technology to Work

H Power Corp. and the New Jersey Department of Trans. launched the first commercial application of fuel cell-powered technology with the installation of a Variable Message sign along a major New Jersey thoroughfare, marking the first non-experimental, unsubsidized use of fuel cell technology. ... Continue reading

ITT Industries Announces Joint Venture in China

ITT Industries, the world's leading pump producer, announced a joint venture with Shanghai East Shanghai Petrochemical Indust. Co., Ltd., part of SINOPEC, the world's largest petrochemical company and China's flagship petrochemical enterprise. ... Continue reading

Johnson Controls Awards Contract to Advantage Technologies

Automotive interior supplier Johnson Controls has awarded Advantage Technologies a $15 million contract to supply vehicle seating components. ... Continue reading

Mobil, PDVSA Complete $900 Million Financing

Mobil Corporation and Petroleos de Venezuela S.A. announced that their affiliates, Mobil Cerro Negro, Ltd. and PDVSA Cerro Negro, S.A., have successfully completed a $900-million limited recourse financing for the Cerro Negro heavy-oil project. ... Continue reading

NASCAR Trucks: Common Sense and Patience Key to Success at Bristol Says Butch Miller

NASCAR Trucks: Common Sense and Patience Key to Success at Bristol Says Butch Miller ... Continue reading

NASCAR Trucks: Lance Norick Ready to Challenge the "World's Fastest Half-Mile"

NASCAR Trucks: Lance Norick Ready to Challenge the ... Continue reading

New President Named at Nissan R&D

Nissan Research and Development, Inc. announced that Shigeo Ishida has been promoted to president of the North American engineering operation of Nissan Motor Co., Ltd. Ishida's promotion is effective today. ... Continue reading

SDRC Receives $1 Million Order From Sauer-Sundstrand

Structural Dynamics Research Corp., the PDM market leader, said that it received a $1 million order for Metaphase Enterprise software and services valued from Sauer-Sundstrand, a worldwide leading supplier of controlled hydraulic power systems. ... Continue reading

SMS Reports Financial Results for Third Fiscal Quarter 1998

Scientific Measurement Systems today announced financial results for their third fiscal quarter, the three months ended April 30, 1998. ... Continue reading

The Quantum Group Signs Joint Venture with German Regional Gov.

The Quantum Group Inc., and its subsidiary Eurectec Inc., have formed Poseidon Products GmbH., to construct a 12 acre tire recycling and windmill park project slated for completion in Spring 1999, in Penkun, near Berlin. ... Continue reading

Third Rate Decrease in 16 Months for Progressive

Progressive, now the state's fifth largest auto insurer, is reducing its rates in Nevada for the third time in 16 months, Michele Strub-Heer, Progressive's Nevada General Manager, announced. The latest decrease of an average 3 percent is effective June 22, 1998. ... Continue reading

Tracks: Bloomington Celebrates 75th Year with Independence Day Fireworks

Tracks: Bloomington Celebrates 75th Year with Independence Day Fireworks ... Continue reading

UAW Statement Regarding Talks at Locals 659 and 651

UAW Vice President Richard Shoemaker, who directs the UAW GM Department, issued the following statement about negotiations in Flint, Michigan: ... Continue reading

USAC: Midget Race Results from Anderson Speedway

USAC: Midget Race Results from Anderson Speedway, June 17, 1998 ... Continue reading

U.S. Wireless Data Announces Deployment of it's TRANZ Enabler Wireless Solution

U.S. Wireless Data, Inc. announced that a number of automobile towing companies have begun utilizing the TRANZ Enabler, U.S. Wireless Data's proprietary wireless credit card processing solution. ... Continue reading