Textron Reports Second Quarter Earnings Per Share
Textron Inc. reported second quarter earnings per share of $1.10, before special charges and restructuring-related expenses, compared with $1.23 last year, and in line with the company's expectations. Income for the quarter before special charges and restructuring-related expenses was $157 million versus $179 million i ... Continue reading
DynaMotive Announces Fast Track Strategy for Design and Construction
DynaMotive Energy Systems Corporation and its alliance partner Tecna SA jointly announced today that they are fast tracking the design and construction of pyrolysis (BioOil) plants. The Company's objective is to develop a modular design that will allow for a "building block approach" to expanding plant capacity. Plant ... Continue reading
The Timken Company Reports Results for Second Quarter and First Half
Continuing weakness in global automotive and industrial markets and the U.S. manufacturing recession caused The Timken Company to report decreased sales and profits for the second quarter and first half of 2001. Earnings were in line with the estimates the company provided in an announcement last month. "U.S. factories ... Continue reading
Covisint Japan K.K. Established; Locates Headquarters in Tokyo
Covisint Japan K.K. today announced that it officially has been established as the Japanese subsidiary of Covisint, L.L.C., the joint venture of DaimlerChrysler, Ford, General Motors, Nissan, Renault, Commerce One and Oracle. Since its inception, PSA Peugeot Citroen has also joined the initiative. Headquarters offices ... Continue reading
Hydro Environmental Resources Inc. Update on the VW Demo Unit
Hydro Environmental Resources Inc. has another update for their VW demo unit. HERI has driven its demo unit over 500 miles of highway and city driving at various speeds with continuous stop and start procedures. Hydro Environmental Resources Inc. is pleased to announce that the ECHFR (Electro Chem Hydrogen Fuel Reactor ... Continue reading
Superior Industries International Reports Second Quarter Results
Superior Industries International Inc. today announced that net income for the second quarter ended June 30, 2001 was $13,356,000, or $0.51 per diluted share, on revenue of $161,907,000, meeting the company's expectations announced on June 5, 2001. Unit shipments declined 7 percent, reflecting generally soft demand for ... Continue reading
XM Satellite Radio and GMAC Reach Agreement
Satellite Radio will change the way Americans listen to radio by creating and packaging up to 100 channels of digital-quality music, news, sports, talk, comedy and children's programming in its all-digital, broadcast center in Washington, D.C. XM will offer unprecedented programming and original formats, transforming r ... Continue reading
Genuine Parts Company Reports Sales and Earnings for Q2 and First Half
Genuine Parts Company reported sales and earnings for the second quarter and six months ended June 30, 2001. Larry Prince, Chairman of the Board of Directors, announced today that sales totaling $2.1 billion were essentially flat compared to the second quarter of 2000. Net income was $94.7 million, compared to $96.6 mi ... Continue reading
A.C.L.N. Limited Begins Trading on New York Stock Exchange
A.C.L.N. Limited Begins Trading on New York Stock Exchange LOS ANGELES, July 18 A.C.L.N. Limited , a global leader in the distribution and logistics of new and pre-owned automobiles, began trading on the New York Stock Exchange (NYSE) under the symbol "ASW," effective with the opening of the market today. The Company's ... Continue reading
BluStor Speeds Customer Recognition for Auto Dealers and Luxury Retail
HURST, Texas--July 18, 2001--The average luxury car sells for more than $70,000, but according to the Polk Automotive Awards this year the customers don't remain loyal to a brand or dealer. Average loyalty ratings in the luxury classifications were under 20%, which means hundreds of thousands of potential lost sales fr ... Continue reading
SiemensVDO Sells Wiring Harness Plants to Alcoa
REGENSBURG, Germany & FRANKLIN, Tenn.--July 18, 2001--SiemensVDO Automotive AG, Regensburg (Germany) and Alcoa Fujikura Ltd. (AFL), Franklin, (USA) announce today that Siemens completed the sale of four SiemensVDO wiring harness plants to AFL. The four plants are located in Stribro, Czech Republic; Seixal, Portugal; Br ... Continue reading
Texas Gas Prices Show Major Decrease; AAA Texas Monthly Fuel Gauge Report
HOUSTON--July 18, 2001--Gas prices in Texas show a major decrease compared to last month's average. The current statewide average price for a gallon of self-serve regular gasoline is $1.28, a decrease of more than 20 cents from last month's average price of $1.52 a gallon. It is also a decrease of more than 20 cents co ... Continue reading
Ugly Duckling Announces Upcoming Financial Results for Second Quarter 2001, Conference Call
PHOENIX--July 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 July 25, 2001 at 8:30 AM Phoenix (11:30 AM eastern). The one-hour conference call will feature Greg Sullivan, CEO, and Steven Darak, CFO in a discussion of ... Continue reading
Covisint and e-STEEL to Co-Market Direct Material Procurement Technology
Covisint and e-STEEL to Co-Market Direct Material Procurement Technology COVISINT LOGO Covisint, L.L.C. logo. (PRNewsFoto)[TC] DETROIT, MI USA 03/22/2001 DETROIT, July 18 Covisint and e-STEEL today confirmed that they have agreed to cooperate to market direct material procurement technology to the automotive industry. ... Continue reading
Diodes Inc. Announces Conference Call to Discuss Second-Quarter Financial Results
WESTLAKE VILLAGE, Calif.--July 18, 2001--Diodes Inc. , a leading manufacturer and supplier of high-quality discrete semiconductors, primarily to the communications, computing, electronics and automotive industries, will host a conference call at 9 a.m. PDT (12 noon EDT) on Tuesday, July 31, to discuss results for the s ... Continue reading
Earnings Release Date Announced for International Rectifier
-- WHAT: Earnings Report and Conference Call CEO Alex Lidow and CFO Michael McGee will conduct a conference call to discuss June-quarter (fiscal fourth quarter 2001) results and the September-quarter outlook. WHEN: Thursday, July 26, 2001 1:30 p.m. (Pacific) report via Business Wire 2:15 p.m. (Pacific) conference call ... Continue reading
WASHINGTON--July 18, 2001-- Automatic Crash Notification Simultaneously Alerts InterTrak Dispatch Operators and Loved Ones of Emergency Events InterTrak Tracking Services, L.L.C., an emergent telematics equipment and service provider today announced it will demonstrate its innovative "LifeTrak" telematics safety servic ... Continue reading
Kodak Selects ITI's TranscenData Business to Integrate Departments, Customers, and Suppliers
MILFORD, Ohio--July 18, 2001--Eastman Kodak Company has selected International TechneGroup Incorporated's (ITI) TranscenData business to provide product data interoperability solutions. Kodak's Mechanical and Systems Engineering organization will employ TranscenData's DEX Center(TM) (Data Exchange Center) to share and ... Continue reading
Premiere Auto Dealership Chooses Data Return to Manage Microsoft Exchange Application
DALLAS--July 18, 2001--Reinforcing its commitment to enhancing enterprise-wide communications, Park Place Motorcars of Dallas has chosen Data Return Corporation to provide managed hosting services for its Microsoft Exchange 2000 enterprise server application, a next generation messaging and collaboration engine. By lev ... Continue reading
DAYTON, Ohio--July 18, 2001-- Automark's proven results lead to best-in-class assessment by largest Toyota distributor in the world Southeast Toyota Distributors, LLC (SET) today signed a letter of intent (LOI) with The Reynolds and Reynolds Company and its Automark division whereby Automark will serve as the core reco ... Continue reading
PROVIDENCE, R.I.--July 18, 2001--Advancing its strategy to expand in the growing telecommunications test and measurement equipment market, Textron Inc. today announced it has acquired Industrial Technology, Inc., based in Mineral Wells, TX, and Opto-Electronics Inc., based in Oakville, Ontario. The companies will becom ... Continue reading
Hurst Announces New Competition/Plus Shifter For Dodge Dakota
The traditional Hurst Competition/Plus Shifter is now available for Dodge Dakota V8 pick-up trucks equipped with the New Venture 3500 series 5-speed transmission and is designed to provide a more positive and secure feel when shifting. This shifter, part number 391 0155, incorporates a high ratio pivot mechanism for ap ... Continue reading
Johnson Controls Third Quarter Results Exceed Prior Year
Johnson Controls Third Quarter Results Exceed Prior Year MILWAUKEE, July 18 Johnson Controls, Inc. , a global leader in automotive systems and facility management and control, today reported record sales and earnings for its third quarter of fiscal 2001. Sales for the three months ended June 30, 2001 increased 8% to $4 ... Continue reading
This is the Reuters story concerning the poor crash ratings of an insurance industry research firm has given its lowest ratings to a Chrysler minivan and a Hyundai car for their performance in crash tests. The Insurance Institute for Highway Safety said Tuesday it gave Chrysler's 2001 Dodge Grand Caravan a poor rating ... Continue reading
Delphi Q2 Results Reflect Stabilizing North American Vehicle Production
Delphi Q2 Results Reflect Stabilizing North American Vehicle Production DELPHI AUTOMOTIVE LOGO Delphi Automotive Systems Wordmark. (PRNewsFoto)[AG] TROY, MI USA 10/19/2000 32% Sales to Non-GM Customers Solid Restructuring and Portfolio Progress TROY, Mich., July 18 Delphi Automotive Systems Corp. today reported second ... Continue reading
Ford Credit Earns $367 Million in the Second Quarter
Ford Credit Earns $367 Million in the Second Quarter DEARBORN, Mich., July 18 Ford Credit earned $367 million in the second quarter of 2001, with total earnings for the first half of 2001 totaling $760 million. Excluding adjustments related to SFAS 133 (Accounting for Derivative Instruments and Hedging Activities), For ... Continue reading
Ford Reports Second Quarter Loss Because of Tire Replacement Action
Ford Reports Second Quarter Loss Because of Tire Replacement Action -- Including Firestone costs, $551 million loss or 30 cents per share (excluding one-time charges worth $201 million or 11 cents per share). -- Continued strong cash position of $18.9 billion, including VEBA. -- Full-year 2001 earnings outlook affirmed ... Continue reading
Ford Motor Has 2nd-Qtr Loss on Cost of Tire Replacements
Bloomberg reported that the Ford Motor Co. had a second-quarter loss as the second-largest automaker paid the $2.1 billion tab for its decision to replace 13 million Firestone tires and U.S. demand for cars and trucks declined. Ford's final loss widened to $752 million, or 41 cents a share, from a loss of $577 million, ... Continue reading
Benteler Automotive Receives the DaimlerChrysler Gold Award
Benteler Automotive announced today that it has received the DaimlerChrysler Corporation Gold Award for 2000. The company earned the award for outstanding supplier performance at its tubular door beam manufacturing facility, located in Grand Rapids, Mich. "At Benteler Automotive, we pride ourselves not only in the qual ... Continue reading
California Gas Prices Fall, But Not as Far as Other States
In the face of rising gasoline inventories and reduced demand, average gas prices for Southern California have dropped by nearly 17 cents per gallon during the past month, according to the Automobile Club of Southern California's monthly Fuel Gauge report. The Southern California average price for regular unleaded fuel ... Continue reading
Daniel E. Muller to Head Distribution Management at Timken
The Timken Company recently announced that Daniel E. Muller has been named vice president - distribution management. In his new role, Mr. Muller is responsible for global industrial distribution sales, customer service, marketing, and logistics. A 22-year employee with The Timken Company, Mr. Muller served most recentl ... Continue reading
Flawed Study Falsely Accuses Nissan Finance Arm of Bias
Flawed assumptions, bad data, and shaky legal theory taint the plaintiff's studies of Nissan Motor Acceptance Corporation (NMAC) lending practices, according to law Professor Richard A. Epstein of the University of Chicago and Dr. Harold Black, professor at the University of Tennessee. Their analyses were released toda ... Continue reading
General Motors Indonesia Unveils Subaru Models
General Motors Indonesia Unveils Subaru Models SUBARU IMPREZA WRX and SUBARU FORESTER will be displayed at Gaikindo Auto Expo Jakarta-PT - General Motors Indonesia (GM Indonesia) today unveiled the Subaru Impreza WRX and the Subaru Forester. Subaru is the newest brand to join GM Autoworld's line-up that currently inclu ... Continue reading
Gentex Reports Financial Results for the Second Quarter of 2001
Gentex Corporation, the Zeeland, Michigan-based manufacturer of automatic-dimming rearview mirrors and commercial fire protection products, today reported financial results for the second quarter and six months ended June 30, 2001. For the second quarter of 2001, the Company reported net income of $16.2 million, or 21 ... Continue reading
Green Tokai Company Wins New Product Award
Green Tokai Company Ltd., based in Brookville, OH, will receive the National Society of Professional Engineers' (NSPE) 2001 New Product Award in the large size company category for its innovative work to develop Paint film technology. While paint film itself has been commercially available for a number of years, it was ... Continue reading
IIHS Crash Test Results for Dodge Grand Caravan and Hyundai Elantra
Consumers worldwide now have access to full-motion video results of the Insurance Institute for Highway Safety's (IIHS) high-speed frontal offset crash tests for the Dodge Grand Caravan and the Hyundai Elantra at progressive.com. The latest tests (results released at 10 am today) report poor ratings for both vehicles a ... Continue reading
New Alcan Automotive Strategy Focuses on Global, Value-Adding Growth
Alcan Inc. has announced a new automotive strategy and organization designed to maximize value creation through profitable growth in the expanding market for lightweight automotive materials and solutions. Alcan's automotive activities have been restructured to move from a business development emphasis to one of market ... Continue reading
PPG is First Coatings Supplier to Win Exclusive Contract at Nissan Plant
PPG Industries became the first coatings manufacturer to be awarded an exclusive contract at a Nissan plant when the automaker announced PPG would be the sole supplier for its facility scheduled to begin production here in 2003. PPG will supply everything from pretreatments to clear coats at the 2.6-million-square-foot ... Continue reading
SKF Half-Year Report 2001; Further Profit Improvement
The SKF Group reports a profit before taxes for the first half of 2001 of MSEK 1 611 (1 509). Excluding the non-recurring items in the first quarter last year of MSEK 100, the figure is MSEK 1 611 (1 409), up 14,3%. Profit for the second quarter was MSEK 820 (739). Outlook: Market demand in Europe peaked in the second ... Continue reading
NHRA: Kurt Johnson aims to continue his reign as king of the mountain
July 18, 2001 In a season with more peaks and valleys than the Rocky Mountains, Kurt Johnson is about to take on drag racing's version of Mount Everest -- the appropriately named Thunder Mountain, the home of Bandimere Speedway and the site of the upcoming Mopar Parts Mile-High Nationals. Johnson is aiming to rekindle ... Continue reading
NHRA: Practice makes perfect for Warren Johnson in Mile High test session
July 18, 2001 It is a common misconception that practice makes perfect. In fact, only perfect practice makes perfect. Pole-vaulters, piano players and Pro Stock drag racers know that endlessly repeating an error won't fix it. With this principle in mind, Warren Johnson ventured into the thin air at Bandimere Speedway f ... Continue reading
CART: Team Target seeking back to back wins at Michigan
July 18, 2001 Brooklyn, Mich. - Team Target returns to Michigan this weekend with aspirations of repeating last year's dazzling victory by former team driver Juan Montoya. Montoya staged an epic battle with Michael Andretti, as the two drivers dueled wheel-to-wheel over the last 20 laps. The duo exchanged the lead seve ... Continue reading
NASCAR WCUP: Benson to Drive James Dean Car in Brickyard 400
July 18, 2001 American film icon James Dean's image will be on Johnny Benson's No. 10 Valvoline Pontiac for the Brickyard 400, Aug. 3-5, at the Indianapolis Motor Speedway. The unique Dean graphic design on Benson's Valvoline NASCAR Winston Cup racer is the centerpiece of several Dean-related promotions, which includes ... Continue reading
NHRA: Point Standings after Pomona
July 18, 2001 NHRA WINSTON DRAG RACING SERIES POINT STANDINGS FOLLOWING PEP BOYS NHRA 50TH ANNIVERSARY NATIONALS PRESENTED BY AMERICAN RACING WHEELS, POMONA, CALIF. (TOP 10, PRO CATEGORIES): TOP FUEL 1. Kenny Bernstein 1108 2. Larry Dixon 1046 3. Doug Kalitta 894 4. ... Continue reading
NASCAR WCUP: Spencer posts fastest speed in two-day Brickyard test
July 18, 2001 INDIANAPOLIS - Jimmy Spencer reeled off a lap at 177.560 mph in the morning, and Dale Earnhardt Jr. topped the afternoon group with a lap at 175.425 on a hot, muggy day Tuesday to draw the most attention at the end of a two-day NASCAR Winston Cup Series test at the Indianapolis Motor Speedway in preparati ... Continue reading
NASCAR WCUP: Elliott Sadler Interview: The first half of the 2001 season
July 18, 2001 Elliott Sadler, driver of the No. 21 Motorcraft Quality Parts Taurus, comes into this weekend's New England 300 at New Hampshire International Speedway sitting in 16th place in the NASCAR Winston Cup point standings. Sadler, whose best career points finish is 24th, was this week's guest on the NASCAR Wins ... Continue reading
NASCAR WCUP: Jeff Burton Interview: Racing in New Hampshire
July 18, 2001 The last time Jeff Burton, driver of the No. 99 Citgo SUPERGARD Taurus, visited New Hampshire International Speedway he did something that hadn't been done in more than 20 years. Burton became the first driver since Cale Yarborough in 1978 to lead every lap of a NASCAR Winston Cup event as he won the Dura ... Continue reading
NHRA: Chuck Etchells' Comments on the R.J. Reynolds Announcement
July 18, 2001 Putnam, Conn. - Team owner Chuck Etchells, whose Etchells Racing Team fields the Sunoco/Matco Tools and Racing Champions/Matco Tools Camaro Z28 Funny Cars in the NHRA's Winston Drag Racing Series, issued the following reaction following R.J. Reynolds' announcement earlier today that they would be leaving ... Continue reading
NASCAR BGN: Jason Keller Interview: Enjoying Success at Gateway International
July 18, 2001 Jason Keller has enjoyed success at Gateway International Raceway, capturing three top-five finishes in four starts. A win, however, has eluded Keller up to this point, and the third-place driver in the Busch Series point standings knows that the two drivers in front of him have both captured wins at the ... Continue reading
CART: Michael Andretti is where he needs to be at mid season
July 18, 2001 Indianapolis, IN-Team Motorola and driver Michael Andretti are right where they want to be at the mid-point of the CART FedEx Championship Series season; fresh from a victory in Toronto and in second place in the championship race. Andretti and his Team M otorola crew pulled an incredible coup last weeken ... Continue reading
NASCAR WCUP: New Hampshire stats good for Jeff Gordon
July 18, 2001 LOUDON, N.H. - After two disappointing finishes in the last two races, Jeff Gordon is looking forward to getting back on track this Sunday in the New Hampshire 300 at New Hampshire International Speedway. Gordon, driver of the DuPont Chevrolet, has twice finished outside of the top 10 in consecutive event ... Continue reading
NASCAR WCUP: Rudd optimistic as second half of season begins
July 18, 2001 LOUDON, N.H. - Now within striking distance of the top spot in the point standings, Ricky Rudd will continue the charge toward his first NASCAR Winston Cup Series championship as the second half of the 2001 season opens Sunday at New Hampshire International Speedway. Rudd, driver of the Texaco/Havoline Fo ... Continue reading
NASCAR WCUP: Jarrett expects long, hard day at New Hampshire
July 18, 2001 LOUDON, N.H. - Dale Jarrett never has a problem with motivation. What he does have is a little bit extra heading into Sunday's New England 300 (TNT; 2 p.m. EDT) at New Hampshire International Speedway. His extra incentive: the former Winston Cup champion has yet to win at the tough 1.058-mile track in 12 ... Continue reading
NASCAR WCUP: Stewart Returns to Site of Emotional Race Win
July 18, 2001 ATLANTA - Tony Stewart's win last year at New Hampshire International Speedway on July 9 was his sixth career NASCAR Winston Cup Series victory. But in light of the circumstances, it was probably one of his most memorable race wins. Two days earlier, just minutes into the opening practice session, Kenny I ... Continue reading
NASCAR/NHRA responds to R.J. Reynolds sponsorhip plans for 2002
July 18, 2001 Quotes from NASCAR President Mike Helton and NHRA President Tom Compton in response to R.J. Reynolds Tobacco Co.'s sponsorship plans for 2002: "We are fortunate to have had a long-term relationship with Winston and Sports Marketing Enterprises and look forward to that expanding in the future. Winston has ... Continue reading
NASCAR WCUP: Kenseth shoots for top five finish in New Hampshire
July 18, 2001 Matt Kenseth's thoughts on New Hampshire: "This track has not been one of our best tracks in the past. It's a flat one-mile track with not much banking at all. The New England area is always a really pretty place to go, so it will be nice to visit the area." Kenseth's thoughts on the safety of New Hampshi ... Continue reading
NHRA: Team Winston proves success over the years
July 18, 2001 Over the last five National Hot Rod Association (NHRA) Winston Drag Racing seasons, few - if any - teams can claim the success Team Winston has enjoyed. Gary Scelzi and Angelle Savoie have literally done it all, winning national events, special events and most importantly, Winston Championships. Scelzi is ... Continue reading
BUSINESS: Winston sticks with NASCAR; Forced to drop NHRA title sponsorship
July 18, 2001 WINSTON-SALEM, N.C. - R. J. Reynolds Tobacco Company (RJRT) today announced that the company's Winston brand would continue its 30-year partnership with the National Association for Stock Car Auto Racing (NASCAR) for the 2002 season. The announcement was made in compliance with the Master Settlement Agree ... Continue reading
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