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October 1999

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Thursday, October 21, 1999

AIM Provides Solution to Privacy Rights Auto Data Limits

AIM Provides Solution to Privacy Rights Auto Data Limits

Advantage Integrated Marketing (AIM) recently debuted its Dealership Marketing System (DMS), providing automotive dealers a solution to privacy rights legislation that will seriously limit the availability of automotive data. ... Continue reading

AK Steel Reports Third Quarter 1999 Results

AK Steel Reports Third Quarter 1999 Results

AK Steel reported its results for the three months ended September 30, 1999, which give effect to its recent merger with Armco Inc. utilizing the pooling of interests method. ... Continue reading

Allied Holdings Reports Q3 Results and Announces Stock Repurchase

Allied Holdings Reports Q3 Results and Announces Stock Repurchase

Allied Holdings, Inc. reported results for the third quarter ended September 30, 1999 and announced that its Board of Directors has authorized the repurchase of up to 500,000 shares of Allied Holdings' common stock. ... Continue reading

American Axle & Manufacturing Announces Record Third Quarter Earnings

American Axle & Manufacturing Announces Record Third Quarter Earnings

American Axle & Manufacturing Holdings, Inc. reported third quarter 1999 net income of $25.4 million, an increase of $46.5 million over a loss of $21.1 million reported in the third quarter of 1998, which was impacted by a strike at GM. ... Continue reading

ASV Reports Third Quarter 1999 Results

ASV Reports Third Quarter 1999 Results

ASV Inc. which manufactures Posi-Track(TM) all-purpose crawlers, today reported its results for the third quarter ended September 30, 1999. ... Continue reading

Autoliv 3rd Quarter Financial Report: Autoliv's Profit up 14%

Autoliv 3rd Quarter Financial Report: Autoliv's Profit up 14%

Autoliv Inc. reported a 14% increase in its net income to $43 million, corresponding to $.42 per share, for the three-month period ended September 30, 1999, compared to $38 million and $.37, respectively, for the corresponding quarter 1998. ... Continue reading

Automotive Industries Holds Third Annual Automotive Supplier Conference

Automotive Industries Holds Third Annual Automotive Supplier Conference

Automotive Industries holds its third annual Automotive Supplier Conference (ASC) at the Hyatt Regency Dearborn on Tuesday, October 26 and Wednesday, October 27. ... Continue reading

AutoZone Announces Promotions

AutoZone Announces Promotions

John C. Adams, Jr., chairman and chief executive officer of AutoZone, Inc. announced the following promotions: ... Continue reading

Borg-Warner Automotive Plans for Anticipated Growth in Japan

Borg-Warner Automotive Plans for Anticipated Growth in Japan

Changes in engine technology are expected to significantly increase Borg-Warner Automotive's sales in Japan, according to John F. Fiedler, BWA chairman and chief executive officer. ... Continue reading

Cade Industries Reports Record Third Quarter/Nine Months Results

Cade Industries Reports Record Third Quarter/Nine Months Results

Cade Industries, Inc. reported results for the third quarter and nine months ended September 30, 1999. ... Continue reading

California Passes School Bus Restraint Law

California Passes School Bus Restraint Law

The Majestic Companies Ltd. announces that the continuing escalation of school bus restraint legislation made a big step forward in California recently with the official signing into law of State Bill AB15. ... Continue reading

Canadian Autoparts Toyota Inc. Contracts BrainTech

Canadian Autoparts Toyota Inc. Contracts BrainTech

BrainTech Inc. announced that it has been granted a Feasibility Contract by Canadian Autoparts Toyota Inc., known as CAPTIN. ... Continue reading

CART FedEx Championship Series Happenings, Notes and Quotes from CART

CART FedEx Championship Series Happenings, Notes and Quotes from CART

CART FedEx Championship Series Happenings, Notes and Quotes from CART ... Continue reading

CART Says Aloha To Hawaiian Super Prix

CART Says Aloha To Hawaiian Super Prix

Bazemore & Team Kendall Determined to Deliver in Dallas ... Continue reading

Cooper Industries' Third Quarter Per Share Earnings Up 10 Percent

Cooper Industries' Third Quarter Per Share Earnings Up 10 Percent

Cooper Industries, Inc. reported third-quarter earnings per share of 89 cents (assuming dilution), a 9.9 percent increase over third-quarter 1998 earnings of 81 cents per share. ... Continue reading

Court Rules in Favor of DaimlerChrysler Corporation

Court Rules in Favor of DaimlerChrysler Corporation

A Chicago judge this afternoon dealt a setback to frivolous class actions by dismissing a lawsuit seeking more than a half a billion dollars in damages for so called "noisy" engines. ... Continue reading

Crown Anticipates Continued Growth, Strong Capitalization

Crown Anticipates Continued Growth, Strong Capitalization

Crown Divisions officials believe that the decision by its parent company, TransPro, Inc., to explore strategic alternatives for Crown will sharpen the company's focus and open up new growth opportunities. ... Continue reading

CTS Corporation Makes Announcement

CTS Corporation Makes Announcement

CTS Corporation has a policy of not commenting on market activity in the trading of CTS common stock or market rumors. However, due to numerous investor inquiries related to recent stock market volatility, CTS released the following comment. ... Continue reading

DaimlerChrysler Scientists Develop Voice-Activated Computer That Masters Dialects

DaimlerChrysler Scientists Develop Voice-Activated Computer That Masters Dialects

DaimlerChrysler AG scientists have developed a computerized voice recognition system that is capable of understanding human speech despite the speaker's accent or tone of voice. ... Continue reading

Dana Applies Magnetic-Pulse Welding To Hydroformed Frame

Dana Applies Magnetic-Pulse Welding To Hydroformed Frame

Magnetic-pulse welding is a process that joins ferrous and non- ferrous materials, such as steel and aluminum. ... Continue reading

Dana's Plumley Division Named Best Overall Performer by Visteon

Dana's Plumley Division Named Best Overall Performer by Visteon

Dana Corporation's Plumley Division has been named the best overall performer in the top-volume supplier category by the Visteon Component Sales Group. ... Continue reading

Dana's Spicer Heavy Axle and Brake Facility Receives Award

Dana's Spicer Heavy Axle and Brake Facility Receives Award

Dana Corporation's Heavy Truck Group announced that the Marion Forge facility of Spicer Heavy Axle and Brake Division received the 1999 Ohio Governor's Excellence in Workers' Compensation Award. ... Continue reading

Delphi Developing Enhanced HFC-134a A/C System Focuses on Efficiency

Delphi Developing Enhanced HFC-134a A/C System Focuses on Efficiency

While it begins to heighten its research in alternative air conditioning refrigerants, Delphi Automotive Systems continues to develop more efficient climate control solutions that carry with them environmental benefits. ... Continue reading

Delta's Ray Valeika Receives SAE Leadership Award

Delta's Ray Valeika Receives SAE Leadership Award

Ray Valeika, Delta Air Lines senior vice president - technical operations, has been chosen by the Society of Automotive Engineers (SAE) as this year's recipient of the Marvin Whitlock Award. ... Continue reading

Drew Reports Record Third Quarter and Nine Months Results

Drew Reports Record Third Quarter and Nine Months Results

Drew Industries Incorporated reported that net income for the quarter ended September 30, 1999 was $4.3 million, a $50,000 increase from last year's third quarter despite a 9 percent decline in sales. ... Continue reading

EPA Cites Ford for Hazardous Waste Violations; Proposes $303,745 Fine

EPA Cites Ford for Hazardous Waste Violations; Proposes $303,745 Fine

U. S. Environmental Protection Agency Region 5 has recently issued a civil administrative complaint and compliance order against Ford Motors Co., Avon Lake, Ohio, for alleged violations of Federal rules on hazardous waste. ... Continue reading

EPS up 40% at Borg-Warner Automotive

EPS up 40% at Borg-Warner Automotive

Borg-Warner Automotive, Inc. announced third quarter 1999 earnings per share of $1.02, up 40% over the prior year's quarter. ... Continue reading

Exide Corporation Addresses Earnings Estimates and Loan Covenants

Exide Corporation Addresses Earnings Estimates and Loan Covenants

In response to unusually heavy trading in its common stock, management of Exide Corporation said that the company's business is progressing. ... Continue reading

Federal-Mogul Hosts Third Quarter 1999 Conference Call

Federal-Mogul Hosts Third Quarter 1999 Conference Call

Federal-Mogul Corp Chairman and CEO Dick Snell and Executive Vice President and Chief Financial Officer Tom Ryan will host a conference call at 1 p.m. Eastern Daylight Time, October 21, to discuss the company's third quarter earnings release. ... Continue reading

Ford and Department of Defense to Develop Tactical Truck

Ford and Department of Defense to Develop Tactical Truck

Ford Motor Company will work with the U.S. Department of Defense to develop lightweight, fuel-efficient technologies for potential use in tactical trucks for tomorrow's army. ... Continue reading

Ford, California's Sales Leader, Unveils New Products

Ford, California's Sales Leader, Unveils New Products

Ford Division, California's automotive sales leader for sixteen consecutive years, today unveiled to Californians its newest products targeted to expand the Division's leadership in this trend-setting state. ... Continue reading

Ford Focus Unveils 'Tailored for You' Kits for Pets and Pros

Ford Focus Unveils 'Tailored for You' Kits for Pets and Pros

The Ford Focus brand team unveiled two "Tailored For You" (T4U) kits at the California International Auto Show. ... Continue reading

Formula One: World Title Hangs in the Balance of Ferrari Appeal

Formula One: World Title Hangs in the Balance of Ferrari Appeal

Formula One: World Title Hangs in the Balance of Ferrari Appeal ... 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, 1999. Larry Prince, Chairman of the Board, announced. ... Continue reading

GlassChoice Launches Petition Drive for Law To Prohibit Insurance Steering

GlassChoice Launches Petition Drive for Law To Prohibit Insurance Steering

GlassChoice has launched a statewide petition drive seeking legislation to guarantee Michigan automobile owners the right to select auto glass repair shops of their choice without any steering by their insurance company. ... Continue reading

Honda Announces HRCA Red Rider Contingency Program!

Honda Announces HRCA Red Rider Contingency Program!

American Honda is pleased to announce our revolutionary Honda Riders Club of America Red Rider Contigency program for Honda riders in the 1999-2000 race season. ... Continue reading

IHRA: Brinsfield Closes Season on a Disappointing Note

IHRA: Brinsfield Closes Season on a Disappointing Note

Brinsfield Closes Season on a Disappointing Note ... Continue reading

IHRA: Snyder Ends Career As a Quarter-Finalist at Mopar Parts World Finals

IHRA: Snyder Ends Career As a Quarter-Finalist at Mopar Parts World Finals

Snyder Ends Career As a Quarter-Finalist at Mopar Parts World Finals ... Continue reading

Lear Corporation Appoints George P. Lonergan Director - Internal Audit

Lear Corporation Appoints George P. Lonergan Director - Internal Audit

Lear Corporation announced the appointment of George P. Lonergan as Director - Internal Audit. ... Continue reading

Lear Corporation: A Proud History In The Asian Automotive Industry

Lear Corporation: A Proud History In The Asian Automotive Industry

Lear Corporation began operations in 1917 as American Metal Products producing metal seat frames, and today is a global leader in providing automotive systems to major automotive manufacturers in Japan, Asia Pacific and around the world. ... Continue reading

Mercosur Leads Demand for Lubricants in Latin America

Mercosur Leads Demand for Lubricants in Latin America

Mercosur -- comprising the member countries Brazil, Argentina, Uruguay, and Paraguay, and the associated countries of Chile and Bolivia-leads in demand for lubricants in Latin America in 1999, according to a new study by Kline & Company, Inc. ... Continue reading

Meridian National Reports Second Quarter Results

Meridian National Reports Second Quarter Results

Meridian National Corp. reported a net loss of $1,293,000, or $.36 per share, on sales of $10.2 million for the quarter ended Aug. 31, 1999. ... Continue reading

Mitsubishi Selects Johnson Controls as Winner of Supplier Award

Mitsubishi Selects Johnson Controls as Winner of Supplier Award

Johnson Controls has been selected as one of Mitsubishi Motor Manufacturing of America's (MMMA) Supplier Award winners for production parts. ... Continue reading

NASCAR Trucks: David Starr Resigns From the Sonntag Racing Team

NASCAR Trucks: David Starr Resigns From the Sonntag Racing Team

David Starr Resigns From the Sonntag Racing Team ... Continue reading

NASCAR Trucks: Ken Schrader to drive in truck race at California Speedway

NASCAR Trucks: Ken Schrader to drive in truck race at California Speedway

NASCAR Trucks: Ken Schrader to drive in truck race at California Speedway ... Continue reading

NASCAR WCUP: Crew Chief Club at the Pop Secret Microwave Popcorn 400

NASCAR WCUP: Crew Chief Club at the Pop Secret Microwave Popcorn 400

Crew Chief Club at the Pop Secret Microwave Popcorn 400 ... Continue reading

NASCAR WCUP: Pennzoil Team Tests Proposed Superspeedway Rules

NASCAR WCUP: Pennzoil Team Tests Proposed Superspeedway Rules

Pennzoil Team Tests Proposed Superspeedway Rules; Park To Make An nouncement on Saturday ... Continue reading

NASCAR WCUP: Rockingham 'very special' to David Green

NASCAR WCUP: Rockingham 'very special' to David Green

NASCAR WCUP: Rockingham 'very special' to David Green ... Continue reading

NASCAR WCUP: Skoal Team shoots for better results at Rockingham

NASCAR WCUP: Skoal Team shoots for better results at Rockingham

NASCAR WCUP: Skoal Team shoots for better results at Rockingham ... Continue reading

New Honda 2000 Accord Model to be Cleanest Gasoline-Powered Car

New Honda 2000 Accord Model to be Cleanest Gasoline-Powered Car

A 2000 Honda Accord model will be certified with the California Air Resources Board (CARB) to the new Super Ultra Low Emission Vehicle standards, continuing the company's leadership in low emission technologies, American Honda Motor Co., Inc. announced. ... Continue reading

NHRA: Bazemore & Team Kendall Determined to Deliver in Dallas

NHRA: Bazemore & Team Kendall Determined to Deliver in Dallas

Bazemore & Team Kendall Determined to Deliver in Dallas ... Continue reading

NHRA: Panella Nears Dream of NHRA Winston Pro Stock Truck Championship

NHRA: Panella Nears Dream of NHRA Winston Pro Stock Truck Championship

Panella Nears Dream of NHRA Winston Pro Stock Truck Championship ... Continue reading

NHRA: Qualifying Wreck Still Haunting Thomas

NHRA: Qualifying Wreck Still Haunting Thomas

Bazemore & Team Kendall Determined to Deliver in Dallas ... Continue reading

Nissan Xterra 2000 Sport/Utility Named Vehicle of the Year

Nissan Xterra 2000 Sport/Utility Named Vehicle of the Year

C. Van Tune, MOTOR TREND's editor-in-chief, presented the Motor Trend "SUV of the Year" award to Gary Van Houten, Nissan's Corporate Manager, Model Line Marketing for the NissanXterra. ... Continue reading

Oak Industries' Tele Quarz Awarded QS 9000 Certification

Oak Industries' Tele Quarz Awarded QS 9000 Certification

Oak Industries Inc. announced that Tele Quarz GmbH, a member of its Oak Frequency Control Group ("OFCG"), has received the automotive industry's QS 9000 certification. ... Continue reading

Polaris Industries Inc. Expands Share Repurchase Program and Declares Cash Dividend

Polaris Industries Inc. Expands Share Repurchase Program and Declares Cash Dividend

Polaris Industries Inc. announced that its Board of Directors has authorized the Company to repurchase up to 2.5 million shares of the Company's common stock. ... Continue reading

Saab 9-3 Viggen Convertible Makes West Coast Debut

Saab 9-3 Viggen Convertible Makes West Coast Debut

Saab Cars USA, Inc. showcased it's all-new 2000 Saab 9-3 Viggen Convertible at the California International Auto Show on Wednesday, October 20, 1999. ... Continue reading

Scaled Technology Works to Supply Composite Race Car Bodies

Scaled Technology Works to Supply Composite Race Car Bodies

Scaled Technology Works (STW) of Montrose, Colorado, has entered into an exclusive agreement with Aeolus Technology, LLC to provide composite structures for their line of racecars. ... Continue reading

SDRC Receives $1.5 Million Metaphase(R) Order from United Defense

SDRC Receives $1.5 Million Metaphase(R) Order from United Defense

SDRC announced that United Defense L. P. has awarded a follow on contract to SDRC for Metaphase(R) Enterprise(TM) software and services. ... Continue reading

Sheldahl Expects to Report Revenue Growth in Line With Expectations

Sheldahl Expects to Report Revenue Growth in Line With Expectations

Sheldahl, Inc. said that it expects to report record sales for its fourth quarter ended August 27, 1999, in line with expectations. ... Continue reading

SMC Corporation Reports Third Quarter Results for 1999

SMC Corporation Reports Third Quarter Results for 1999

SMC Corporation reported its results for the third quarter of 1999. For the three month period ended October 2, 1999 net sales decreased to $46.7 million from $50.3 million reported for the third quarter in 1998. ... Continue reading

Snap-on Reports Record Third-Quarter Results

Snap-on Reports Record Third-Quarter Results

Snap-on Incorporated, a global leader in tools and equipment, announced record results for third-quarter earnings per share, earnings and net sales. ... Continue reading

S&P Assigns Prelim Ratings to ANRC Auto Owner Trust

S&P Assigns Prelim Ratings to ANRC Auto Owner Trust

Standard & Poor's assigned preliminary ratings to ANRC Auto Owner Trust 1999-A's US$786.6 million asset-backed notes (see list). ... Continue reading

Tenneco Inc. Announces Receipt of Required Consents in Debt Tender

Tenneco Inc. Announces Receipt of Required Consents in Debt Tender

Tenneco Inc. announced that it has received the required consents from holders of its notes and debentures in respect of the cash tender offers, debt exchange offers and concurrent, related consent solicitation that the company commencedonOct 5. ... Continue reading

The Hertz Corporation Declares Quarterly Dividend

The Hertz Corporation Declares Quarterly Dividend

The Board of Directors of The Hertz Corporation has declared a quarterly dividend of $0.05 per share on the company's Class A and Class B Common Stock payable on December 10, 1999 to shareholders of record as of November 15, 1999. ... Continue reading

Tirex Tire Recycling Technology Near Completion

Tirex Tire Recycling Technology Near Completion

The Tirex Corporation announced last Wednesday that since July, The Tirex TCS-1 Cryogenic Scrap Tire Recycling System has been tested for 100% flawless automatic operations. ... Continue reading

Titan Announces Third Quarter Financial Results

Titan Announces Third Quarter Financial Results

Titan International, Inc. has announced net sales of $136.0 million for the third quarter ended September 30, 1999, compared to $149.2 million for the third quarter of 1998. ... Continue reading

TNRCC, Jiffy Lube Kick Off Used Oil Recycling Campaign

TNRCC, Jiffy Lube Kick Off Used Oil Recycling Campaign

Jiffy Lube International announced that it is delivering information to driver's education students throughout Texas about the importance of proper oil recycling and the effects of spilled oil on the environment. ... Continue reading

Top Driver Acquires Wollenberg's Driving School Acquisition

Top Driver Acquires Wollenberg's Driving School Acquisition

Top Driver, the nation's fastest growing driver education company, announced it has purchased Wollenberg's Driving School, with three locations, based in Avon, Connecticut. ... Continue reading

TRW Automotive Expands Global Market Presence With New Facility

TRW Automotive Expands Global Market Presence With New Facility

Extending its presence in the global modules market, TRW Automotive will open a new 35, 000 square foot facility in Rayong, Thailand, to supply modules and actuation for the General Motors Zafira. ... Continue reading

USAR coming to Peach State

USAR coming to Peach State

USAR coming to Peach State ... Continue reading

Valeo Signs Memorandum of Understanding for First Joint Venture in Japan

Valeo Signs Memorandum of Understanding for First Joint Venture in Japan

Valeo and Unisia Jecs Corporation just signed a Memorandum of Understanding to form a joint venture company in Japan for the design, production and sale of clutches, components and systems for manual and automatic transmissions. ... Continue reading

Valeo Signs Memorandum of Understanding for First Joint Venture in Japan

Valeo Signs Memorandum of Understanding for First Joint Venture in Japan

Valeo and Unisia Jecs Corporation just signed a Memorandum of Understanding (MOU) to form a joint venture company in Japan for the design, production and sale of clutches, components and systems for manual and automatic transmissions. ... Continue reading

Wescast Industries Inc. Declares Dividend

Wescast Industries Inc. Declares Dividend

Wescast Industries Inc. has declared a dividend on its common shares in the amount of $0.08 per common share, and such dividend shall be payable on November 12, 1999 to shareholders of record at the close of business on October 29, 1999. ... Continue reading

WomenVenture and Minnesota Teamsters Service Bureau Combine Efforts

WomenVenture and Minnesota Teamsters Service Bureau Combine Efforts

WomenVenture and the Minnesota Teamsters Bureau have been awarded a $75,000 grant from the Dept of Labor, Women's Bureau to provide technical assistance to auto industry employers to recruit and train women in auto repair industry jobs. ... Continue reading

WORLD CHALLENGE: Speedvision World Challenge Competitors Honored

WORLD CHALLENGE: Speedvision World Challenge Competitors Honored

WORLD CHALLENGE: Speedvision World Challenge Competitors Honored ... Continue reading

WSI Industries Reports Q4 and Full-Year Fiscal 1999 Operating Results

WSI Industries Reports Q4 and Full-Year Fiscal 1999 Operating Results

WSI Industries, Inc. reported consolidated sales of $6,191,000 for the fourth quarter of fiscal 1999 ended August 29, down modestly from $6,322,000 in the year-earlier quarter. ... Continue reading

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