Thursday, November 19, 1998

1998 NHRA Winston, Federal-Mogul Series Champions Honored

1998 NHRA Winston, Federal-Mogul Series Champions Honored ... Continue reading

ADVISORY/Decline in Gasoline Prices

The price of gasoline is at a 6 1/2 year low, according to a recent AAA report. The national average for self-serve regular unleaded gasoline is down to $1.055 per gallon this November, the lowest price since March 1992. ... Continue reading

Alpine Chooses NAVTECH Database for New In-Vehicle System

Alpine Electronics, a leading manufacturer of high performance Mobile electronics is announcing the launch of its Navigation and Information System in Canada, featuring the NAVTECH database. ... Continue reading

Aluminum Usage Up 40% in North America

Motivated by increasingly stringent environmental regulatory requirements and strong customer demand for cars and light trucks that do not trade size and safety for fuel economy, auto- makers are increasingly turning to aluminum. ... Continue reading

AMETEK Declares Quarterly Dividend of Six Cents Per Share

The board of directors of AMETEK Inc. declared a regular quarterly dividend of six cents per share for the fourth quarter ending December 31, 1998. ... Continue reading

Auto Affordability Improves Again - Comerica Index

The purchase of an average-priced new vehicle during the third quarter of 1998 required 24.5 weeks of median family income, before taxes, according to the Auto Affordability Index compiled by Detroit-based Comerica Bank. ... Continue reading

Auto Club Estimates 5.4 Million Western Travelers

More than 5 million motor vehicle travelers in the western United States are expected to take to the highway for the coming long Thanksgiving weekend, according to the Automobile Club of Southern California. ... Continue reading

Brad Ragan, Inc. Extends Termination Date

Brad Ragan, Inc., announced that it has extended to December 31, 1998, the termination date under the Share Exchange Agreement dated May 5, 1998 with The Goodyear Tire & Rubber Company. ... Continue reading

CART/ATLANTICS: Atlantic Champion Gets CART Ride

CART/ATLANTICS: Atlantic Champion Gets CART Ride ... Continue reading

Cascade Corp. Announces Agreement to Divest Mast Business Unit

Robert C. Warren, Jr., President and Chief Executive Officer of Cascade Corp, announced that the company had reached agreement for the sale of its mast business unit to a newly formed company. ... Continue reading

Code-Alarm's IT-s(TM): The Latest in OEM Car Security

Code-Alarm, Inc., the world leader in vehicle security, formally introduced its latest weapon in the battle against thieves who target cars and trucks: It's called the IT-s(TM). ... Continue reading

CPS Announces Placement of $25M in Subordinated Debt Agreement

Consumer Portfolio Services Inc. announced that it has completed a private placement of $25 million in subordinated notes with Levine Leichtman Capital Partners II L.P. (LLCP), a California limited partnership. ... Continue reading

CSK Auto Corporation Reports Record Sales and Earnings

CSK Auto Corporation, the parent company of CSK Auto, Inc., reported record financial results for the third quarter of fiscal 1998. ... Continue reading

Dana, UAW Reach Tentative Agreement on New Contract

Negotiators for the International Union, UAW, and the Dana Corporation reached tentative agreement on terms of a new contract. ... Continue reading

DOT Names Blue Ribbon Panel to Investigate Safety for Kids in Cars

Noting that traffic crashes are the leading cause of death to American children of every age from 5 to 16 years old, the U.S. Secretary of Transportation announced a blue ribbon panel of experts charged to identify ways that kids in cars can be protected ... Continue reading

DRAGS: Overcoming Lifes Obstacles to Achieve A Dream

DRAGS: Overcoming Lifes Obstacles to Achieve A Dream ... Continue reading

Federal-Mogul Announces Organizational Structure For Marketing

Jay Burkhart, vice president, marketing, Worldwide Aftermarket, Federal-Mogul Corporation, announces the appointment of a new marketing team for the Worldwide Aftermarket. ... Continue reading

Federal-Mogul Appoints Janet Halpin

Bonnie J. Price, vice president, Investor Relations, Federal- Mogul Corporation, announces the appointment of Janet Halpin to the position of manager, competitive analysis, effective immediately. ... Continue reading

Ford Announced as 100th Company to Receive ITAA 2000 Certification

The Information Technology Association of America announced that Ford Motor Company's Year 2000 operation received ITAA 2000 certification. ... Continue reading

Gerber Auto Collision & Glass Selects PPG for Automotive Refinishing

Gerber Auto Collision & Glass announced that it has selected PPG Industries, Inc. to be its exclusive provider of automotive refinishing services. ... Continue reading

Global Motorsport Reports Third Quarter Results

Global Motorsport Group, Inc. (formerly Custom Chrome, Inc.) reported results for the three and nine month periods ended October 31, 1998. ... Continue reading

GM And Unions Announce Support of Child Passenger Restraints

In a joint announcement, General Motors and The United Auto Workers pledged their support for the Operation ABC Mobilization: America Buckles Up Children. ... Continue reading

Goodyear Blimps Return to Today Show

For the second time in less than six months, NBC's top-rated Today Show will feature Goodyear's blimps and the company's chairman. ... Continue reading

HCI Group Announces Globalization Expansion

The HCI Group announced the launch of AMERItalk, a newsletter targeted to European automotive component suppliers looking to gain a better understanding of the "do's and don'ts" of doing business in North America. ... Continue reading

IRL: Power Team Crew the Final Piece in Brack's Championship Puzzle

IRL: Power Team Crew the Final Piece in Brack's Championship Puzzle ... Continue reading

Johnson Controls Increases Dividend

Directors of Johnson Controls, Inc. increased the quarterly cash dividend on common shares to $.25 per share from $.23. The dividend is payable January 4, 1999 to shareholders of record December 11, 1998. ... Continue reading

Johnson Controls Mobilizes a Team of Companies

When you put a group of business people in the same room, there's a good chance they'll learn a lot from each other -- and there's an even better chance that they'll "do business" together. ... Continue reading

Leviton Manufacturing Purchases Eaton Fleet Advisor Logistics Management System

Eaton Corporation's Trucking Information Services Division announced that Leviton Manufacturing Co., Inc. has signed a contract to equip its entire transportation fleet with the Eaton Fleet Advisor Transportation Logistics Management System. ... Continue reading

Mannesmann Report to Shareholders

The following press releasewas issued by Mannesmann: ... Continue reading

Market Embraces SmarTire Systems

With the theme "All Tires Need SmarTire Sensors", SmarTire Systems Inc. successfully promoted use of the SmarTire(TM) monitoring system for conventional radial tires at the Specialty Equipment Market Association (SEMA) show. ... Continue reading

Meritor WABCO Vehicle Control Systems Addresses Truck Braking

The evolution of braking systems will not only continue, but will accelerate in upcoming years, according to LeonardBuckman, president of Meritor WABCO Vehicle Control Systems, N America's leading supplier of heavy duty anti-lock braking systems (ABS). ... Continue reading

Midgets: Guglielmucci Benevolent Fund Banquet

Midgets: Guglielmucci Benevolent Fund Banquet ... Continue reading

Mobil, TVK Reach OPP Agreement

Mobil Plastics Europe, Inc., an affiliate of Mobil Chemical Company, and Tiszai Vegyi Kombinat Rt. of Hungary announced they have reached an agreement to manufacture and market oriented polypropylene flexible packaging films. ... Continue reading

NASCAR GDS: Pennzoil 50 Television Schedule Change

NASCAR GDS: Pennzoil 50 Television Schedule Change ... Continue reading

National-Standard Company Reports 1998 Results

National-Standard Company announced fourth quarter sales for fiscal 1998 were $54.9 million, compared to $60.1 million reported for fiscal 1997. ... Continue reading

Open Road Radio

Open Road Radio ... Continue reading

Pond Assumes Role as New MEMA Chairman

Byron O. Pond Jr., chairman of the board of Arvin Industries Inc., Columbus, Ind., assumed office as chairman of the Motor & Equipment Manufacturers Association board of directors during Automotive Aftermarket Industry Week (AAIW). ... Continue reading

Proton Energy Systems Announces Sale of Commercial Products

Proton Energy Systems, Inc., Rocky Hill, has entered into an agreement with Idaho Power, a wholly owned subsidiary of IDACORP, for the sale of an advanced Proton Exchange Membrane (PEM) hydrogen generator system. ... Continue reading

PSCR: Sears Point Added to Inaugural American Le Mans Series Schedule

PSCR: Sears Point Added to Inaugural American Le Mans Series Schedule ... Continue reading

RALLY: This Week in Ford of Europe Motorsport

RALLY: This Week in Ford of Europe Motorsport ... Continue reading

Record Numbers to Travel This Thanksgiving, AAA Says

If you're planning to leave town for Thanksgiving, AAA estimates you will be part of a record 33.6 million Americans expected to travel 100 miles or more from home during the holiday weekend. ... Continue reading

Selas Receives $4 Million Order From French Aluminum Producer

Selas Corporation of America announced that it has received an order from Pechiney, an aluminum manufacturer in Issoire, France to lengthen an existing roller furnace used in the heat treating of aluminum plates. ... Continue reading

Sheldahl Receives Patent for SmartHORN

Sheldahl, Inc. announced that it had received a patent from the United States Patent and Trademark Office for its automotive SmartHORN(R) hornswitch technology. ... Continue reading

Sonic Automotive, Inc. Announces Two Acquisitions

Sonic Automotive, Inc. announced that it has entered into definitive agreements to acquire the Tom Williams Dealership Group in Birmingham, Alabama and Rally Mitsubishi in Nashville, Tennessee. ... Continue reading

Synopsis of Smart Choice Automotive Group, Inc. Presentation

Following is a synopsis of the presentation made by Smart Choice Automotive Group, Inc., Titusville, Florida, at the Southeast Research Partners Seventh Annual Institutional Investors Conference. ... Continue reading

Textron Automotive Co - Trim Division Wins Award for Aliphatic TPU

Textron Automotive Company announced its Trim Division has won the 1998 Materials Category Award from the Automotive Division of the Society of Plastics Engineers (SPE) for its innovative aliphatic thermoplastic urethane (TPU) instrument panel. ... Continue reading

The Bullhide Liner Corp. Retains Strategic Investors Group

The Bullhide Liner Corp. has announced that effective Nov. 16, 1998, it has retained Strategic Investors Group as its investor relations consultant. ... Continue reading

Thor Announces Record Results

Thor Industries, Inc., reported record sales and the highest net income for any quarter in the company's history. ... Continue reading

TRW to Sell MFG/PRO Software Distribution Business to QAD Inc.

TRW Integrated Supply Chain Solutions (ISCS) unit announced it will sell the assets of its United Kingdom- and Netherlands- based enterprise resource planning (ERP) software distribution business to QAD(TM) Inc. of Carpinteria, Calif. ... Continue reading

U.S. and British Firms Share SEMA Motorsports Engineering Award

Lear Corporation of Southfield, Michigan, and Stewart Grand Prix have won the 1998 SEMA Motorsports Engineering Award for the Lear Formula 1 Extractable Seat System that provides quick and safe removal of a driver after an on-track accident. ... Continue reading

Xyvision Demonstrates SGML and XML Software Enhancements

Xyvision, Inc., a leading provider of information management and document publishing solutions, demonstrated major new enhancements to its flagship products, Parlance Document Manager and Xyvision Production Publisher, at the XML 98 show. ... Continue reading