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October 1998

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Wednesday, October 21, 1998

AIS: Birmingham to Host Innaugural Alabama Indy Car Race

AIS: Birmingham to Host Innaugural Alabama Indy Car Race

AIS: Birmingham to Host Innaugural Alabama Indy Car Race ... Continue reading

American Quantum Cycles Inc. Signs Spokesman

American Quantum Cycles Inc. Signs Spokesman

American Quantum Cycles Inc. announced that it has signed 1998 Indy Race League Champion Kenny Brack as a Company spokesman. ... Continue reading

Arvin Ind, Inc., & Kayaba Industry Co., Ltd. Announce Joint Venture

Arvin Ind, Inc., & Kayaba Industry Co., Ltd. Announce Joint Venture

Arvin Industries, Inc. and, Kayaba Industry Co., Ltd., of Tokyo, Japan, announced the formation of a new joint venture enterprise to meet the ride control product demands of North American passenger car and light truck manufacturers. ... Continue reading

A. Schulman Posts Record Earnings per Share for Q4

A. Schulman Posts Record Earnings per Share for Q4

A. Schulman Inc. announced record net income per share for the fourth quarter ended August 31, 1998. Per share earnings for fiscal 1998 were also an all time high prior to recognizing the cumulative effect of an accounting change. ... Continue reading

Auto Club Begins Survey of Southern California Gas Prices

Auto Club Begins Survey of Southern California Gas Prices

The average price of regular self-serve unleaded gasoline in Southern California is $1.183, according to the first Automobile Club of Southern California Fuel Gauge Report. ... Continue reading

'Automotive Interior of the Year Award' Finalists Announced

'Automotive Interior of the Year Award' Finalists Announced

Inside Automotives International (IAI) magazine has announced the finalists in its prestigious Automotive Interior of the Year Awards. ... Continue reading

AutoZone Announces Approval For Second Stock Repurchase

AutoZone Announces Approval For Second Stock Repurchase

John C. Adams Jr., chairman and chief executive officer of AutoZone, Inc. announced that the AutoZone board of directors, at a regularly scheduled board meeting, approved the repurchase of up to $150m of the company's common stock in the openmarket. ... Continue reading

BEI Technologies Expands Global Marketing

BEI Technologies Expands Global Marketing

BEI Technologies, Inc. has signed an exclusive distribution agreement to market its proprietary quartz GyroChip(R) sensors for automotive and transportation applications in Japan and several Southeastern Asian countries. ... Continue reading

Bobby Likis Car Clinic Introduces Fast-Paced Weekday Feature

Bobby Likis Car Clinic Introduces Fast-Paced Weekday Feature

Bobby Likis, host of "Bobby Likis Car Clinic" -- a two-hour weekly call-in program nationally syndicated on radio broadcast affiliates and simultaneously videocast on the www -- announced a new short-form feature called "Car Clinic Minute." ... Continue reading

Briggs & Stratton Corporation Elects Directors

Briggs & Stratton Corporation Elects Directors

At the Annual Meeting, shareholders reelected the following directors to a three-year term expiring in 2001: Eunice M. Filter, Clarence B. Rogers, Jr. and Frederick P. Stratton, Jr. ... Continue reading

Briggs & Stratton Declares Dividend

Briggs & Stratton Declares Dividend

At the regular quarterly meeting of the Board of Directors of Briggs & Stratton Corporation, a quarterly dividend of twenty- nine cents per share was declared on the common stock of the Corporation, payable January 4, 1999 to shareholders. ... Continue reading

CAM Designs Inc. Announces Receivership of U.K. Operations

CAM Designs Inc. Announces Receivership of U.K. Operations

CAM Designs Inc. announced that it had incurred a net loss before tax benefits of approximately $348,000 for its first quarter ended August 31, 1998. ... Continue reading

Capital Automotive REIT Announces Share Repurchase

Capital Automotive REIT Announces Share Repurchase

Capital Automotive REIT announced that its Board of Trustees has authorized an additional repurchase of up to three million shares or nearly 14% of the approximately 22 million shares of outstanding Common Stock. ... Continue reading

Chrysler Corp on the Signing of a Memorandum of Understanding

Chrysler Corp on the Signing of a Memorandum of Understanding

Chrysler would like to extend our appreciation to the Admin for its exhaustive efforts in attempting to get the Gov of the Republic of Korea to make significant reforms to its economy and to improve market access for foreign vehicles. ... Continue reading

Composite Automobile Research Ltd. Announces Election

Composite Automobile Research Ltd. Announces Election

Composite Automobile Research LTD. Chairman, Lyle Wardrop, announced today the election of Thomas Bowers III as president, chief executive officer and board member of CARHF. ... Continue reading

Dare UK Ltd. Announces Availability of Rotrex Supercharged DARE DZ.

Dare UK Ltd. Announces Availability of Rotrex Supercharged DARE DZ.

Dare UK Ltd. today announced the availability of the latest of a series of sports cars from the legendary Walklett Brothers (Ginetta) - the DARE DZ - with a factory installed Rotrex(R) Supercharger. ... Continue reading

Dorsey Trailers, Inc. Posts $0.34 Per Share Improvement Over Q3 1997

Dorsey Trailers, Inc. Posts $0.34 Per Share Improvement Over Q3 1997

Dorsey Trailers, Inc. announced results for the third quarter of 1998. Dorsey incurred a net loss for the third quarter of 1998 of $249,000 or $.05 per share compared to a net loss for the same period of $1.9 million or $.39 per share. ... Continue reading

Electric Car Races and Test Drives in Alameda This Weekend

Electric Car Races and Test Drives in Alameda This Weekend

Displays, races and "hands-on" test drives of electric vehicles will take center stage at the first annual Alameda International Electric Vehicle Exposition on Oct. 24 and 25. ... Continue reading

F1, RALLY: This Week in Ford of Europe Motorsport

F1, RALLY: This Week in Ford of Europe Motorsport

F1, RALLY: This Week in Ford of Europe Motorsport ... Continue reading

Fitch IBCA rates Premier Auto

Fitch IBCA rates Premier Auto

Premier Auto Trust's 1998-5 $640 million 5.07% class A-2, $450 million 5.07% class A-3, and $214.375 million 5.19% class A-4 asset-backed notes are expected to be rated `AAA' by Fitch IBCA. ... Continue reading

Free Consumer Safety Information from Drive Safer America!

Free Consumer Safety Information from Drive Safer America!

Leading automotive supplier Continental Teves has launched the new Drive Safer America! web site, giving consumers easy access to the latest traffic safety information, including expert driving tips from Indy Car driver Lyn St. James. ... Continue reading

General Scanning Announces Third Quarter Results

General Scanning Announces Third Quarter Results

General Scanning Inc. announced results for the third quarter and nine months ended October 3, 1998. ... Continue reading

Gentex Ranked 57th on Forbes' List

Gentex Ranked 57th on Forbes' List

For the third consecutive year, Gentex Corp, the world leader in the manufacture of automatic-dimming mirrors for the auto industry, has been named to Forbes magazine's prestigious list of the "200 Best Small Companies in America." ... Continue reading

Genuine Parts Company Reports Record Sales and Earnings for Q3

Genuine Parts Company Reports Record Sales and Earnings for Q3

Genuine Parts Company reported record sales and earnings for the third quarter ended September 30, 1998. Larry Prince, Chairman of the Board, announced today. ... Continue reading

Group 1 Third-Quarter Revenues Nearly Double

Group 1 Third-Quarter Revenues Nearly Double

Group 1 Automotive, Inc., an operator and consolidator in the automotive retailing industry, reported that revenues nearly doubled for the third quarter of 1998, while gross profit and income from operations more than doubled for the period. ... Continue reading

Import Dealer Group Comments On U.S.-Korea Auto Agreement

Import Dealer Group Comments On U.S.-Korea Auto Agreement

"The agreement between the U.S. and Korean governments on the Section 301 trade investigation of Korea's auto market is good news for America's 900 Kia and Hyundai dealers, their employees and customers," said president of AIADA. ... Continue reading

Interstate National Dealer Services Selected by Forbes

Interstate National Dealer Services Selected by Forbes

Interstate National Dealer Services, Inc. is pleased to report that for the second consecutive year it has been selected by Forbes Magazine, a leading financial publication, as one of the 200 Best Small Companies in America, 1998. ... Continue reading

IRL: Pep Boys Indy Racing League Weekly Notebook

IRL: Pep Boys Indy Racing League Weekly Notebook

IRL: Pep Boys Indy Racing League Weekly Notebook ... Continue reading

Johnson Controls Reports Record Q4 and Full Year Results

Johnson Controls Reports Record Q4 and Full Year Results

Johnson Controls, Inc. reported record sales and income for its fourth fiscal quarter and full year ended September 30, 1998. The company stated that each of its businesses attained record sales and operating income for both periods. ... Continue reading

Littelfuse Reports Financial Results

Littelfuse Reports Financial Results

Littelfuse, Inc. reported that its sales for the third quarter of 1998 equaled those reported for the same period last year. ... Continue reading

Medis El Acquires Revolutionary Automobile Technology

Medis El Acquires Revolutionary Automobile Technology

Medis El Ltd. announced that it had entered into two option agreements giving it the right to acquire a position in co.s owning patents and related applications ofthe Toroidal Internal Combustion Engine and Toroidal Compressor. ... Continue reading

Mitsubishi Sales Announces Second Phase of the 'Change Initiative'

Mitsubishi Sales Announces Second Phase of the 'Change Initiative'

Mitsubishi Motor Sales of America, Inc. announced the second phase of its ongoing corporate "change process" which further supports the company's business objectives while creating a stronger, results-driven management philosophy. ... Continue reading

Modine Reports Record Second-Quarter Results

Modine Reports Record Second-Quarter Results

Modine Manufacturing Company set records for sales and net earnings for the second fiscal quarter and first six months ended Sept. 26. ... Continue reading

NASCAR-BGN: Sawyer's Accident Costs Him Spot in Points

NASCAR-BGN: Sawyer's Accident Costs Him Spot in Points

NASCAR-BGN: Sawyer's Accident Costs Him Spot in Points ... Continue reading

NASCAR-WCUP: Daytona Just Like Year For Park

NASCAR-WCUP: Daytona Just Like Year For Park

NASCAR-WCUP: Daytona Just Like Year For Park ... Continue reading

NASCAR-WCUP: Goodyear Tire Notes for the NASCAR Winston Cup Dura Lube/K-Mart 500

NASCAR-WCUP: Goodyear Tire Notes for the NASCAR Winston Cup Dura Lube/K-Mart 500

NASCAR-WCUP: Goodyear Tire Notes for the NASCAR Winston Cup Dura Lube/K-Mart 500 ... Continue reading

National R.V. Holdings, Inc. Announces Record Q3 Sales and Earnings

National R.V. Holdings, Inc. Announces Record Q3 Sales and Earnings

National R.V. Holdings, Inc. announced its results of operations for the third quarter ended September 30, 1998. Net sales for the third quarter of 1998 increased 25.6% to $96.4 million from $76.8 million for the third quarter of 1997. ... Continue reading

NHRA: Capps Hopes to Find Drafting Partner in Four-Wide Funny Car Race

NHRA: Capps Hopes to Find Drafting Partner in Four-Wide Funny Car Race

NHRA: Capps Hopes to Find Drafting Partner in Four-Wide Funny Car Race ... Continue reading

NHRA: Densham Desires Texas Victory Dance

NHRA: Densham Desires Texas Victory Dance

NHRA: Densham Desires Texas Victory Dance ... Continue reading

NHRA: Despite Clinching Title, Johnson Still Focused on Winning Races

NHRA: Despite Clinching Title, Johnson Still Focused on Winning Races

NHRA: Despite Clinching Title, Johnson Still Focused on Winning Races ... Continue reading

NHRA: Eaton Emerging as Heavy Hitter in Pro Stock Truck

NHRA: Eaton Emerging as Heavy Hitter in Pro Stock Truck

NHRA: Eaton Emerging as Heavy Hitter in Pro Stock Truck ... Continue reading

NHRA: Mcclenathan Looking to Make Championship Move at Motorplex

NHRA: Mcclenathan Looking to Make Championship Move at Motorplex

NHRA: Mcclenathan Looking to Make Championship Move at Motorplex ... Continue reading

Nissan Demonstrates Safety Benefits of Front and Side Air Bags

Nissan Demonstrates Safety Benefits of Front and Side Air Bags

As one of the partners at the California Office of Traffic Safety's Summit Oct. 19-22, Nissan North America, Inc. is among the advocates helping spread the word on how to save lives and reduce injuries caused by automotive crashes. ... Continue reading

Orbital and Sundiro Motorcycle Sign Direct Fuel Injection Agreement

Orbital and Sundiro Motorcycle Sign Direct Fuel Injection Agreement

OrbitalEngine Corporation and China Hainan Sundiro Motorcycle Co Ltd announced they have entered into an agreement to use Orbital's computer-controlled direct fuel injection on conventional two-stroke engines. ... Continue reading

Pepsi 400 At Daytona Produces Record Attendance

Pepsi 400 At Daytona Produces Record Attendance

International Speedway Corporation announced record attendance for Daytona International Speedway's NASCAR Winston Cup Series Pepsi 400 at Daytona weekend held from October 15th through October 17th. ... Continue reading

Porsche Club Concours d'Elegance Set for Vintage 1870 in Yountville

Porsche Club Concours d'Elegance Set for Vintage 1870 in Yountville

When 50 of the finest Porsche autos in the Bay Area go nose-to- nose at Vintage 1870 in Yountville -- it's time to give 'em some room. ... Continue reading

Preliminary Results From New Approach to Stop Underage Drinking

Preliminary Results From New Approach to Stop Underage Drinking

Pennsylvania Study on Electronic ID Checking to Be Discussed Wednesday at California Office of Traffic Safety Summit Meeting in Los Angeles. ... Continue reading

Quixote Corp Reports Record Fiscal 1999 Q1 Sales and Net Earnings

Quixote Corp Reports Record Fiscal 1999 Q1 Sales and Net Earnings

Quixote Corporation reported results for the first quarter of fiscal 1999, ended September 30, 1998. ... Continue reading

Regional Gas Prices Hit 4-Year Low, Says AAA

Regional Gas Prices Hit 4-Year Low, Says AAA

Northern California gas prices hit a four-and-a-half year low after falling 2 cents in a month, AAA reported today. ... Continue reading

Robert Cosmai Named VP of Sales At Hyundai Motor America

Robert Cosmai Named VP of Sales At Hyundai Motor America

Hyundai Motor America announced that Robert Cosmai has been named vice president of sales. Cosmai will be responsible for all sales and dealer operations in the United States market. ... Continue reading

SOS Alarm and Technor Intl Establish Technical Platform

SOS Alarm and Technor Intl Establish Technical Platform

Swedish-based emergency operator SOS Alarm AB is joining forces with Technor International, Inc. wholly owned Swedish subsidiary CellPoint Systems AB to provide new services across Sweden. ... Continue reading

SPX Corporation 3rd Quarter EPS up 18% to $0.94 Per Share

SPX Corporation 3rd Quarter EPS up 18% to $0.94 Per Share

SPX Corporation announced third quarter 1998 financial results. Q3 1998 earnings of $0.94 per share represent an 18% improvement over third quarter 1997 and mark the eleventh consecutive quarter of year-over-year operational improvement. ... Continue reading

TechTeam Capital Group Awarded $10 Million Contract from Chrysler

TechTeam Capital Group Awarded $10 Million Contract from Chrysler

National TechTeam, Inc. announced their wholly owned subsidiary TechTeam Capital Group has been awarded a $10 million Chrysler Corporation lease contract for the replacement of MTX coax controllers, display stations and printers in the United States. ... Continue reading

Tenneco Reports Third Quarter Earnings

Tenneco Reports Third Quarter Earnings

Tenneco reported third quarter net income of $103 million, or 62 cents per share, compared to $105 million, or 62 cents per share, in the third quarter of 1997. ... Continue reading

The BMW 540I and the L.A. to Las Vegas Road Test

The BMW 540I and the L.A. to Las Vegas Road Test

Some vehicles that we review go through the usual 'round-town-to-the-store stab it and steer it' road test, which of course simulates life with your daily driver. Once in a while, however, we'll get our hands on a machine that just screams, ''head for the hills...you'll love the open road and rocket ride.'' Such was th ... Continue reading

The Callahan Report: Death of an Innocent

The Callahan Report: Death of an Innocent

The Callahan Report: Death of an Innocent ... Continue reading

Toyota's U.S. Production Surpasses Five Million Vehicles

Toyota's U.S. Production Surpasses Five Million Vehicles

Toyota's total U.S. production surpassed the five million mark in the month of September with 5,064,689 vehicles manufactured since 1986. ... Continue reading

TRW Increases Quarterly Dividend to 33 Cents

TRW Increases Quarterly Dividend to 33 Cents

Directors of TRW Inc. declared an increase of its quarterly dividend to 33 cents per share from the previous amount of 31 cents per share on the company's outstanding common stock. ... Continue reading

TRW's Universal Home Access System with Two-way Communication

TRW's Universal Home Access System with Two-way Communication

TRW's two-way communication technology -- as well as many of its other advanced systems -- are being demonstrated at the Convergence '98 International Congress on Transportation Electronics at the Hyatt Regency. ... Continue reading

Ugly Duckling Corp. Announces Q3 1998 Results

Ugly Duckling Corp. Announces Q3 1998 Results

Ugly Duckling Corp. reported results from continuing dealership and discontinued nondealership operations for its third quarter and nine months ended Sept. 30, 1998. ... Continue reading

Universal Manufacturing Makes Announcement

Universal Manufacturing Makes Announcement

Effective October 1, 1998, Universal Mfg. Co. signed a new sales agreement with the Ford Customer Service Division of the Ford Motor Co. ... Continue reading

USAA Announces Leadership Transition

USAA Announces Leadership Transition

USAA announced that Ben Hacker, senior vice president and general manager of its Mid-Atlantic Region headquartered here, will be turning over leadership of the office to J.J. "Jack" Dantone. ... Continue reading

WOO: World of Outlaws Postpones Southern New Mexico Event

WOO: World of Outlaws Postpones Southern New Mexico Event

WOO: World of Outlaws Postpones Southern New Mexico Event ... Continue reading

WOO: World of Outlaws Postpones Winter Nationals Finale

WOO: World of Outlaws Postpones Winter Nationals Finale

WOO: World of Outlaws Postpones Winter Nationals Finale ... Continue reading

World's Largest Automotive Tradeshow Broadcast Live on the Internet

World's Largest Automotive Tradeshow Broadcast Live on the Internet

The Auto Channel and Aftermarket Business Magazine will once again join forces to present complete live ``TV ON THE NET'' coverage of the Automotive Aftermarket Industry Week exposition in Las Vegas, Nevada. ... Continue reading

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