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September 1999

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Thursday, September 2, 1999

American Honda Sets All-Time Sales Record in August

American Honda Sets All-Time Sales Record in August

American Honda recorded its best sales month ever in August with sales of 107,651, up 10.5 percent from last August and shattering the previous record of 100,709 set in August '97. ... Continue reading

ARCA: Joy Fair to retire; Ceremony at Toledo Sept. 26

ARCA: Joy Fair to retire; Ceremony at Toledo Sept. 26

ARCA: Joy Fair to retire; Ceremony at Toledo Sept. 26 ... Continue reading

Arizona Offers Motorists Tax Incentives for Alternative Fuel Use

Arizona Offers Motorists Tax Incentives for Alternative Fuel Use

Arizonans who purchase a new, alternative fuel-powered vehicle can receive a tax credit of up to $5,000 or 30 percent of the vehicle's total cost, due to legislation passed by the state government. ... Continue reading

Audi Records 59.3 Percent Sales Increase in August

Audi Records 59.3 Percent Sales Increase in August

Audi of America, Inc. announced its August sales results in the U.S. with 6,617 automobiles sold, a 59.3 percent increase over the same month last year when sales were 4,154. ... Continue reading

Automax Announces Opening of its Third West Palm Beach Location

Automax Announces Opening of its Third West Palm Beach Location

Automax International Inc., a Kenwick Industries Inc. company, announced the opening of its third dealership in West Palm Beach. ... Continue reading

Automotive Recycling Messages Reaching Consumers

Automotive Recycling Messages Reaching Consumers

The automobile remains at the top of the list of recycled consumer products with the average recycling rate being close to 98 percent for more than ten years. ... Continue reading

BMW, Bosch, Ford to Headline New Conference

BMW, Bosch, Ford to Headline New Conference

RADGUARD, the leading producer of IPSec Virtual Private Network solutions, announced a new conference focused specifically on, and designed especially for, the international automotive industry. ... Continue reading

BMW Reports Best August Sales Ever with 32 Percent Sales Increase

BMW Reports Best August Sales Ever with 32 Percent Sales Increase

BMW of North America, Inc. outsold all luxury passenger car competitors in August, reporting sales of 13,781 automobiles for the best August in its history. ... Continue reading

Daewoo Achieves Eighth Month of Sales Increases

Daewoo Achieves Eighth Month of Sales Increases

For the eighth consecutive month in 1999, Daewoo Motor America has achieved growth over the previous month. August Sales of Daewoo Automobiles grew 5% over the month of July. ... Continue reading

Dana and GKN Sign Agreements on Strategic Alliance

Dana and GKN Sign Agreements on Strategic Alliance

Dana Corporation announces that it signed definitive agreements with GKN plc regarding their previously announced strategic alliance. ... Continue reading

Delphi Forms Joint Venture in Malaysia to Supply Wiring to ASEAN Region

Delphi Forms Joint Venture in Malaysia to Supply Wiring to ASEAN Region

Delphi Automotive Systems announced the formation of a joint venture to support the design and manufacture of power and signal distribution systems (PASDS) for automotive manufacturers in Malaysia and the ASEAN region. ... Continue reading

Detroit Diesel Announces Quarterly Dividend

Detroit Diesel Announces Quarterly Dividend

Detroit Diesel Corporation announced the declaration of a regular quarterly dividend of $0.125 per share on its outstanding common stock. ... Continue reading

Eaton Promotes Hartman to Vice President-- Investor Relations

Eaton Promotes Hartman to Vice President-- Investor Relations

Eaton Corporation announced that William C. Hartman has been appointed vice president--Investor Relations. Hartman, who has been with Eaton for 21 years, assumed the role of director, Investor Relations in 1986. ... Continue reading

ECD/Ovonic Battery Sign Major Battery Project in China

ECD/Ovonic Battery Sign Major Battery Project in China

Energy Conversion Devices, Inc. announced that it and its subsidiary, Ovonic Battery Company, Inc., signed a historic agreement with Rare Earth High-Tech Co. Ltd. of Baotou Steel Company, Inner Mongolia, China on August 26, 1999. ... Continue reading

Energy Research Reports Third Quarter Results

Energy Research Reports Third Quarter Results

Energy Research Corporation reported results for the third quarter of 1999. ... Continue reading

Ford and Budget EV Rentals Offer Ranger Electric Pickups for $19.95 a Day

Ford and Budget EV Rentals Offer Ranger Electric Pickups for $19.95 a Day

Renting a zero-emission, ultra-quiet Ford Electric Ranger is now not only easy on the environment, it's also easy on your wallet. ... Continue reading

Ford and UAW Complete Joint Report on Rouge Powerhouse Explosion

Ford and UAW Complete Joint Report on Rouge Powerhouse Explosion

Ford Motor Company and the UAW released to family members and employees a joint report citing an accidental buildup of natural gas as the cause of the Feb. 1 boiler explosion that resulted in the death of six workers at Ford's Rouge complex. ... Continue reading

Freudenberg-NOK Receives Two Achievement Awards from Saturn

Freudenberg-NOK Receives Two Achievement Awards from Saturn

Farnam*Meillor, which was recently acquired by Freudenberg-NOK, received two honors from Saturn Corp. ... Continue reading

Goodyear Completes Sumitomo Rubber Alliance

Goodyear Completes Sumitomo Rubber Alliance

The Goodyear Tire & Rubber Company became the world's No. 1 tiremaker, regaining the position it held for more than seven decades. ... Continue reading

Harbor City Post Office Dedicates First All-Electric USPS Delivery Fleet in Nation

Harbor City Post Office Dedicates First All-Electric USPS Delivery Fleet in Nation

Listen. What you hear is the quiet of electric vehicles delivering the mail in Harbor City, Calif., the first and only post office in the nation to have an all-electric delivery fleet. ... Continue reading

Hayes Lemmerz International Reports Record Second Quarter Earnings

Hayes Lemmerz International Reports Record Second Quarter Earnings

Hayes Lemmerz International, Inc., one of the world's leading suppliers of wheels, brakes, suspension, structural and other lightweight components to the automotive and commercial highway markets, announced record second quarter results. ... Continue reading

Honda Kicks-Off National Car Care Month With Free Vehicle Inspections

Honda Kicks-Off National Car Care Month With Free Vehicle Inspections

More than 750 Honda dealerships nationwide will provide free Honda vehicle inspections on Saturday, October 2, to kick-off National Car Care Month. ... Continue reading

Hyundai Sales Continue to Climb: August Sales Up 81%

Hyundai Sales Continue to Climb: August Sales Up 81%

Hyundai Motor America announced sales of 17,838 vehicles for the month of August, up 81 percent from one year ago. Total year-to-date sales are 106,736. ... Continue reading

Innovative Superfund Settlement Key Factor in National Chamber Award

Innovative Superfund Settlement Key Factor in National Chamber Award

An innovative community-based solution to a local Superfund crisis helped the Rockford Area Chamber of Commerce earn the 1999 Award of Excellence from the National Association for Membership Development. ... Continue reading

IRL: Jonsson, Fisher pass Indy Racing rookie tests at Las Vegas

IRL: Jonsson, Fisher pass Indy Racing rookie tests at Las Vegas

IRL: Jonsson, Fisher pass Indy Racing rookie tests at Las Vegas ... Continue reading

Johnson Controls Acquires Two Manufacturing Plants

Johnson Controls Acquires Two Manufacturing Plants

Johnson Controls has acquired two manufacturing facilities from Hannover, Germany-based automotive interior supplier Benecke- Kaliko AG. Financial details of the transaction -- which was finalized in July -- were not disclosed. ... Continue reading

Kia Winds up Summer with Second-Best Sales Month Ever

Kia Winds up Summer with Second-Best Sales Month Ever

Kia sales continued to climb in August with the second-best sales month in company history. With sales of 13,138 units, Kia sales were up 64 percent versus August 1998. ... Continue reading

KIK International Acquires Mid-west Based Hi-lex Corp.

KIK International Acquires Mid-west Based Hi-lex Corp.

KIK International is pleased to announce that it has just closed another transaction in which it has acquired the Mid- west based Hi-lex Corp., and its two key manufacturing plants, located in Eagan, Minn., and Denver, Colo. ... Continue reading

Land Rover Announces Record August Sales

Land Rover Announces Record August Sales

Howard I. Mosher, president, Land Rover North America, Inc., announced record August sales of 2,518 units, the best August sales results in company history. ... Continue reading

Mace Receives a Commitment to Syndicate $45M Revolving Credit

Mace Receives a Commitment to Syndicate $45M Revolving Credit

Mace Security International, Inc. announced that it has received a commitment to syndicate a $45 million senior secured revolving credit facility from the Bank of America and Banc of America Securities. ... Continue reading

Magna announces convertible preferred share offering

Magna announces convertible preferred share offering

Magna International Inc. announced that it has filed with each securities commission in Canada and with the Securities and Exchange Commission in the United States a preliminary short form prospectus and a registration statement. ... Continue reading

MERCEDES BENZ C43 (1999)

MERCEDES BENZ C43 (1999)

MERCEDES BENZ C43 (1999) ... Continue reading

Mitsubishi Motors' U.S. Sales Up 43% for August

Mitsubishi Motors' U.S. Sales Up 43% for August

Mitsubishi Motor Sales of America, Inc. (MMSA) had its best sales month so far in 1999, as well as its best-ever August, with sales of 25,928, up 43 percent over the prior year: ... Continue reading

NASCAR BGN: Buckshot Jones To Make 100th NASCAR Busch Series Start At Darlington Raceway

NASCAR BGN: Buckshot Jones To Make 100th NASCAR Busch Series Start At Darlington Raceway

Buckshot Jones To Make 100th NASCAR Busch Series Start At Darlington Raceway ... Continue reading

NASCAR WCUP: It'll be High-Fives for Gordon If He Gets Southern 500 Win

NASCAR WCUP: It'll be High-Fives for Gordon If He Gets Southern 500 Win

it'll be High-Fives for Gordon If He Gets Southern 500 Win ... Continue reading

NASCAR WCUP: Joan Lunden to Feature Jeff Gordon on ABC Prime Time Special

NASCAR WCUP: Joan Lunden to Feature Jeff Gordon on ABC Prime Time Special

Joan Lunden to Feature Jeff Gordon on ABC Prime Time Special ... Continue reading

NASCAR WCUP: Schrader remembers the hard walls of Darlington

NASCAR WCUP: Schrader remembers the hard walls of Darlington

NASCAR WCUP: Schrader remembers the hard walls of Darlington ... Continue reading

NASCAR WWEST: Woodside and Bill McAnally Racing Go Hollywood

NASCAR WWEST: Woodside and Bill McAnally Racing Go Hollywood

Woodside and Bill McAnally Racing Go Hollywood ... Continue reading

National Car Rental Rolls Out NFL Consumer Promotion

National Car Rental Rolls Out NFL Consumer Promotion

National Car Rental will launch a major promotion tied to its recently announced NFL sponsorship to promote the company's Emerald Club program. ... Continue reading

New Study Tracks Auto Companies' Online Strengths And Weaknesses

New Study Tracks Auto Companies' Online Strengths And Weaknesses

General Motors Corp. enjoys the auto industry's most positive presence on the internet, according to a new study of corporate online image and reputation released Thursday by Hass Associates. ... Continue reading

NHRA: Wiseguy's Ready for the Big Go

NHRA: Wiseguy's Ready for the Big Go

Wiseguy's Ready for the Big Go ... Continue reading

Nissan Reports August Sales

Nissan Reports August Sales

The Nissan Division of Nissan North America, Inc., (NNA) posted sales of 59,248 units in August, down 2.9 percent from a year ago. Calendar year-to-date sales are up 3.5 percent versus last year with 401,868 units sold through August. ... Continue reading

Omron Automotive Wins 1999 MMMA Award

Omron Automotive Wins 1999 MMMA Award

Omron Automotive Electronics has been recognized for outstanding part production by Mitsubishi Motor Manufacturing of America, Inc. ... Continue reading

Omron Dualtec is Certified for ISO14001

Omron Dualtec is Certified for ISO14001

Omron Dualtec Automotive Systems has registered and received certification for the ISO14001 environmental management standard. ... Continue reading

Onyx Acceptance Named One of America's Fastest Growing Companies

Onyx Acceptance Named One of America's Fastest Growing Companies

Individual Investor magazine has included Onyx Acceptance Corporation in its list of America's Fastest Growing Companies (AFGC 100). ... Continue reading

Oxford Automotive, Inc. Breaks Record Raising Funds for Food Bank

Oxford Automotive, Inc. Breaks Record Raising Funds for Food Bank

Oxford Automotive, Inc., a Tier One automotive supplier, is being recognized for its outstanding contribution to the Food Bank of Oakland County. Forty-one area companies competed over two weeks to raise a total of $36,000. ... Continue reading

Pep Boys Retires Convertible Debentures

Pep Boys Retires Convertible Debentures

The Pep Boys -- Manny, Moe & Jack, the nation's leading full- service automotive aftermarket chain, announced that it has repaid the remaining principal of $55,794,000 of its 4% Convertible Debentures that mature today. ... Continue reading

Prolong Super Lubricants Inc. Shifts Gears On Product Advertising

Prolong Super Lubricants Inc. Shifts Gears On Product Advertising

Prolong Super Lubricants Inc., an operating subsidiary of Prolong International Corp., has negotiated a proposed agreement with the Federal Trade Commission (FTC) in connection with revising some of its promotional materials. ... Continue reading

Record Month in U.S., With Dodge, Chrysler, Plymouth and Jeep Sales

Record Month in U.S., With Dodge, Chrysler, Plymouth and Jeep Sales

Fueled by record months for Dodge, Chrysler, Plymouth and Jeep (R) brands, as well as Mercedes-Benz, DaimlerChrysler in August sold 218,507 vehicles in the U.S. ... Continue reading

Rexhall Industries Announces 5% Stock Dividend

Rexhall Industries Announces 5% Stock Dividend

Rexhall Industries, Inc. announced its board of directors approved a 5% stock dividend for shareholders of record as of September 15, 1999. The dividend will be payable on October 15, 1999. ... Continue reading

Saab Announces Best Sales Month Since August 1987

Saab Announces Best Sales Month Since August 1987

Saab Cars USA, Inc., the U.S. importer and distributor of Saab 9-3 and 9-5 automobiles, announced sales of 4,044 units during August 1999, a 25.2 percent increase over August 1998 sales (3,229 units). ... Continue reading

Shareowners Of AlliedSignal And Honeywell Approve Proposed Merger

Shareowners Of AlliedSignal And Honeywell Approve Proposed Merger

AlliedSignal Inc. and Honeywell Inc. said that their respective shareowners have overwhelmingly approved the companies' proposed merger, bringing the transaction one step closer to its anticipated completion in the fall of this year. ... Continue reading

Slater Hails System To Make Child Seat Installation Safer, Easier

Slater Hails System To Make Child Seat Installation Safer, Easier

U.S. Transportation Secretary Rodney E. Slater observes the effective date for the first phase of a new universal child safety seat system that will make installing child seats in passenger cars and light trucks easier and safer for parents. ... Continue reading

Southern Californians Will Take Off to Hot Spots This Labor Day Weekend

Southern Californians Will Take Off to Hot Spots This Labor Day Weekend

An estimated 2.6 million Southern Californians are expected to take advantage of the summer's last holiday weekend by driving to their favorite local holiday destinations, according to the Automobile Club of Southern California. ... Continue reading

S&P Affirms Credit Ratings for Collins & Aikman

S&P Affirms Credit Ratings for Collins & Aikman

Collins & Aikman announced that Standard & Poor's Corporation (S&P) has affirmed the Company's corporate credit rating and has taken Collins & Aikman off its CreditWatch listing. ... Continue reading

Subaru Announces August Sales Figures; Best Sales Month in 12 Years

Subaru Announces August Sales Figures; Best Sales Month in 12 Years

Subaru of America, Inc. announced its August sales figures. Subaru recorded a sales total of 15,348 units for the month, up nine percent over the same period last year (14,068 units). ... Continue reading

Toyota Continues Year-Long Sales Surge With Best-Ever August

Toyota Continues Year-Long Sales Surge With Best-Ever August

Toyota Motor Sales (TMS), U.S.A., Inc., reported best-ever August sales of 134,504 vehicles, an increase of 2.8 percent over last August, marking Toyota's fifth consecutive month of record-setting sales. ... Continue reading

Toyota's Headquarters Announces Electronic Commerce Strategies

Toyota's Headquarters Announces Electronic Commerce Strategies

Toyota Motor Manufacturing North America announced that it will begin evaluation of the Automotive Network eXchange(R) (ANX) in order to strengthen efficiencies with suppliers and gain improvements in the new vehicle development cycle. ... Continue reading

Vogel Automotive Media Revs Up A New International Trade Magazine

Vogel Automotive Media Revs Up A New International Trade Magazine

As flags go up for automotive business international (abi), Vogel Automotive Media adds another vehicle to its fleet of high quality automotive publications. ... Continue reading

Volkswagen Sales Up 33.8 Percent -- Best August Since 1974

Volkswagen Sales Up 33.8 Percent -- Best August Since 1974

Volkswagen of America, Inc. reported its best August sales in a quarter century. In August, Volkswagen sold 32,389 new cars in the U.S., which represents a 33.8 percent increase over last year's mark of 24,208. ... Continue reading

WSI Announces Plan To Consolidate Operations in Rochester and Osseo

WSI Announces Plan To Consolidate Operations in Rochester and Osseo

WSI Industries, Inc. announced that it plans to close its Long Lake plant by the end of calendar year 1999 and consolidate all manufacturing operations at its two recently acquired subsidiaries. ... Continue reading

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