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February 2002

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Thursday, February 21, 2002

Edmunds.Com: What is the Kelley Blue Book Price?

Edmunds.Com: What is the Kelley Blue Book Price?

Let's say you are looking to buy a house. You find one in a neighborhood you like, and you know how much the seller is offering to sell it for — its "listing price." You'd like your broker's help figuring out what that house is "worth" — what a fair price would be for that particular house. So you ask your ... Continue reading

UAW President Comments on (COLA) Payment Decline

UAW President Comments on (COLA) Payment Decline

DETROIT, Feb. 21 -- UAW President Stephen P. Yokich said today that the Cost-of-Living Allowance (COLA) paid to many UAW members would decline beginning with the first pay period in March, the result of falling consumer prices during the three months ended January 2002. While emphasizing that lower prices benefit consu ... Continue reading

Siemens VDO Automotive Electronic Parking Brake Is a Smarter Way to Stay Stopped

Siemens VDO Automotive Electronic Parking Brake Is a Smarter Way to Stay Stopped

AUBURN HILLS, Mich., Feb. 21 -- Siemens VDO Automotive's new electronic parking brake allows original equipment manufacturer (OEM) customers to break with the past at the push of a button by eliminating the conventional vehicle handbrake lever or footpedal. A vehicle's parking brake now can be engaged or released elect ... Continue reading

Midas Reports 2001 Fourth Quarter and Full-Year Earnings

Midas Reports 2001 Fourth Quarter and Full-Year Earnings

ITASCA, Ill.--Feb. 21, 2002--Midas, Inc. today announced its results for the fourth quarter and the full year ended December 29, 2001. For the fourth quarter 2001, Midas reported a net loss of $0.18 per share, after special charges of $0.20 per diluted share. In the 2000 fourth quarter, Midas reported a net loss of $0. ... Continue reading

LAFORZA Automobiles Announces Letter of Intent for the Distribution Rights to Mexico

LAFORZA Automobiles Announces Letter of Intent for the Distribution Rights to Mexico

ESCONDIDO, Calif.--Feb. 21, 2002--LAFORZA Automobiles Inc. (Pink Sheets:LFZA) (OTCBB:LFZA) today announced that LAFORZA Distributors Inc. has signed a Letter of Intent with Giuseppe Risi and his affiliated companies (RISI) for the distribution rights for LAFORZA vehicles for the Country of Mexico and for the United Sta ... Continue reading

Cummins Inc. Demonstrates Clean, Natural Gas Bus Engines to President George W. Bush

Cummins Inc. Demonstrates Clean, Natural Gas Bus Engines to President George W. Bush

COLUMBUS, Ind.--Feb. 21, 2002--Cummins Inc. and the Beijing Public Transportation Corporation (BJPT) today welcomed President George W. Bush and Secretary of State Colin Powell for an introduction to one of the world's largest compressed natural gas bus fleets. Cummins, through its joint venture Cummins Westport Inc., ... Continue reading

General Motors Minority Dealers Association Honors Bob Ross Sr. with Trailblazer Award

General Motors Minority Dealers Association Honors Bob Ross Sr. with Trailblazer Award

DAYTON, Ohio--Feb. 21, 2002-- Reynolds and Reynolds honored as sponsor of prestigious annual award recognizing pioneers in minority-driven automotive retailing General Motors Minority Dealers Association (GMMDA) recently announced that Bob Ross Sr., the late owner and operator of Bob Ross Buick GMC in Centerville, Ohio ... Continue reading

"Hometown News" Sets Off On Minivan PromotionalTour''

"Hometown News" Sets Off On Minivan PromotionalTour''

NASHVILLE, Tenn.--Feb. 21, 2002--VFR Records recording artists Hometown News have launched a nine week radio promotion tour scheduled to travel to 90 radio stations in 70 of the top 150 U.S. markets in support of their lead single, "Minivan." The "Windstar Minivan Tour" is sponsored in part by the Ford Motor Company. O ... Continue reading

Saab: Kevin Smith New Director of Corporate Communications; Adds New Western Region Rep

Saab: Kevin Smith New Director of Corporate Communications; Adds New Western Region Rep

NORCROSS, Ga., Feb. 21 - Kevin Smith has been named Director of Corporate Communications at Saab Cars USA, Inc., distributor of Saab 9-3 and 9-5 automobiles. In this position he will be responsible for the strategic development and management of communication policies and public relations programs in the U.S., as well ... Continue reading

General Motors Minority Dealers Association Honors Bob Ross Sr.

General Motors Minority Dealers Association Honors Bob Ross Sr.

DAYTON, Ohio, Feb. 21, 2002 - General Motors Minority Dealers Association (GMMDA) recently announced that Bob Ross Sr., the late owner and operator of Bob Ross Buick GMC in Centerville, Ohio, is the recipient of the association's annual Trailblazer Award. The award is sponsored by The Reynolds and Reynolds Company , wh ... Continue reading

U.S. Feb. Auto Sales at 15.2 Million Annual Rate

U.S. Feb. Auto Sales at 15.2 Million Annual Rate

J.D. Power Says U.S. cars and light trucks this month are selling at a 15.2 million annual rate, as European makers gain from a year earlier and U.S.-based and Asian rivals decline, J.D. Power & Associates said. That level would be 12 percent lower than the February 2001 annual rate of 17.3 million light vehicles repor ... Continue reading

Collins & Aikman Announces Financial Results

Collins & Aikman Announces Financial Results

TROY, Mich., Feb. 21 Collins & Aikman Corporation today reported fourth quarter and annual results for its fiscal period ended December 31, 2001. For the fourth quarter, the Company reported net sales of $482.1 million and a net loss of $35.6 million, or ($.29) per diluted share. Excluding transaction financing impacts ... Continue reading

Irv Gordon:Two Million Miles in Same 1966 Volvo P1800 Car Extends World Record

Irv Gordon:Two Million Miles in Same 1966 Volvo P1800 Car Extends World Record

NEW YORK--Feb. 21, 2002 Long Island's Irv Gordon, Volvo's ``Two Million Mile Man,'' will turn historic two million miles on March 27 during Volvo's 75th anniversary party at Times Square Studios On March 27, Long Island native and retired science teacher Irv Gordon is scheduled to reach a milestone no other individual ... Continue reading

Donnelly Announces Improved Fourth Quarter Results

Donnelly Announces Improved Fourth Quarter Results

HOLLAND, Mich., Feb. 21 Donnelly Corporation today announced fourth quarter 2001 net income of $3.9 million, or $0.38 per share, on sales of $209 million as compared to fourth quarter 2000 net income of $1.7 million, or $0.17 per share, on sales of $200 million.Operating earnings (net income excluding restructuring and ... Continue reading

Tokyo Stocks Jump 4 Percent

Tokyo Stocks Jump 4 Percent

HONG KONG AP reported that Tokyo stocks rallied more than 4 percent Thursday, following Wall Street's sharp rebound and boosted by renewed hopes in a government plan to lift the banking sector out of its doldrums. Smaller Asian markets closed mixed. Tokyo's 225-issue Nikkei Stock Average surged 461.29 points, or 4.69 p ... Continue reading

TI Automotive Receives Nissan Quality Award

TI Automotive Receives Nissan Quality Award

GREENVILLE, Tenn., Feb. 21 -- Nissan North America Inc. has presented TI Automotive with its Quality Master Award for supplier excellence. The honor recognizes Nissan's very best suppliers -- those who contribute to the attainment of the company's goal to build the highest quality vehicles sold in North America. TI's G ... Continue reading

Bush Sees Demo Of U.S. Built Natural Gas Powered Buses In Beijing

Bush Sees Demo Of U.S. Built Natural Gas Powered Buses In Beijing

Cummins Inc. Demonstrates Clean, Natural Gas Bus Engines to President George W. Bush COLUMBUS, Ind.--Feb. 21, 2002--Cummins Inc.and the Beijing Public Transportation Corporation (BJPT) today welcomed President George W. Bush and Secretary of State Colin Powell for an introduction to one of the world's largest compresse ... Continue reading

2001 Porsche to Hit Internet Auction Block

2001 Porsche to Hit Internet Auction Block

SILVER SPRING, Md., Feb. 21 A leading full-service asset disposition and advisory company, today announced that it has been exclusively commissioned to auction a 2001 Porsche Carrera 4 Cabriolet TIP and a 1998 Lincoln Navigator that were forfeited to the U.S. Marshals Service. The online auctions will be held Feb. 25 - ... Continue reading

European Block Exemption Rules Offer Significant Opportunities for Manufacturers

European Block Exemption Rules Offer Significant Opportunities for Manufacturers

DETROIT, Feb. 21 -- The European Commission's plan to reform Block Exemption regulations, which govern where and how automakers and their dealers sell and service vehicles, will provide manufacturers with significant new opportunities to structure their dealer networks, according to Urban Science, a global strategic co ... Continue reading

Mitchell Releases New Version of FirstEstimate

Mitchell Releases New Version of FirstEstimate

SAN DIEGO--Feb. 21, 2002-- Version 1.5 Offers Enhanced Performance and More "DRP Centric" Features for Auto Insurers and Collision Repairers Mitchell International announced today the availability of a new, enhanced version of FirstEstimate, the first -- and only -- Web-based estimating system for the automotive collis ... Continue reading

Hands Free Group Adopts Bluetooth Wireless Technology

Hands Free Group Adopts Bluetooth Wireless Technology

CANNES, France--Feb. 21, 2002--Bluetooth(TM) Special Interest Group (SIG), Inc. has announced two new wireless advancements from their working groups that address the needs of mobile phone users. The Bluetooth SIG Car working group has announced that their Hands-Free profile has been adopted by the Bluetooth SIG member ... Continue reading

Delphi and AuthenTec To develop Fingerprint Security Solution

Delphi and AuthenTec To develop Fingerprint Security Solution

MELBOURNE, Fla.--Feb. 21, 2002-- TruePrint Technology-Based Sensors to be Integrated With Delphi's Personal Identification System Prototype AuthenTec, Inc., the leader in advanced biometric semiconductor products, and Delphi , a world leader in mobile electronics and transportation components, have entered into a strat ... Continue reading

Pickups Plus Enters Into Management and Consulting Agreement

Pickups Plus Enters Into Management and Consulting Agreement

MASON, Ohio--Feb. 21, 2002--Pickups Plus, Inc. (OTCBB:PUPS), a leading retailer and national franchiser in the $30 billion truck and SUV aftermarket accessories industry, announced today that it has entered into an agreement with Professional Management and Consulting Services Group (PMCS), of Tampa, Fl. Under the term ... Continue reading

Fat men likely to live longer

Fat men likely to live longer

Special From Japan Today For Fat Guys Like Me. Here's something you probably haven't heard before. Fat men, so often the subject of scorn, tend to live longer, according to a survey done by a research group led by Shoichiro Tsugane, director of the Epidemiology and Biostatistic Division at the National Cancer Center in ... Continue reading

Austrailia Pumping Up Exports Of Vehicles

Austrailia Pumping Up Exports Of Vehicles

SYDNEY, Feb 21 Reuters is reporting that Australian car manufacturers are revving up their export plans this year, running against the trend of relatively flat export growth for many Australian goods during the global slowdown. Exports of cars and components, including engines, have doubled over the past five years to ... Continue reading

Primedia's Auto Enthusiast Titles Hit Record Ad Peak

Primedia's Auto Enthusiast Titles Hit Record Ad Peak

ANAHEIM, Calif., Feb. 20 -- Proving that auto enthusiasts are continuing to enjoy their passion, regardless of an economic downturn, Primedia Consumer Media and Magazine Group's Auto Performance and Action Sports unit is enjoying record advertising growth this year. Hot Bike magazine, which caters to Harley Davidson an ... Continue reading

"Hot Wheels" PT Cruiser debuts at Toronto Auto Show

"Hot Wheels" PT Cruiser debuts at Toronto Auto Show

TORONTO, Feb. 20 /CNW/ - You've probably seen the "Hot Wheels(R)" ad for the Chrysler PT Cruiser on television. Now you can see the real thing at the 2002 Canadian International Auto Show in Toronto through Sunday, February 24. DaimlerChrysler is showing a special "Hot Wheels" Edition Chrysler PT Cruiser in its huge Au ... Continue reading

ArvinMeritor Declares Quarterly Dividend on Common Stock

ArvinMeritor Declares Quarterly Dividend on Common Stock

TROY, Mich., Feb. 20 The ArvinMeritor Inc. board of directors today declared a quarterly dividend of ten cents per share on its common stock, payable March 25, 2002, to shareowners of record on March 4, 2002. ArvinMeritor Inc. is a premier $7-billion global supplier of a broad range of integrated systems, modules and c ... Continue reading

Final Ford Rolls Off Line in Britain

Final Ford Rolls Off Line in Britain

LONDON AP reported that the last car rolled off the assembly line Wednesday at Ford Motor Co's flagship plant in Britain, ending 71 years of production at a factory hampered in its final days by surplus capacity and labor unrest. Ford's long-planned closure of the Dagenham plant in east London will cost 1,100 jobs, alt ... Continue reading

Texas Instruments Introduces Industry's First Complete Multimedia IDB-1394 And Bluetooth(TM) Technologies for Automotive Market

Texas Instruments Introduces Industry's First Complete Multimedia IDB-1394 And Bluetooth(TM) Technologies for Automotive Market

DALLAS, Feb. 20 -- Targeting the automotive telematics market, Texas Instruments Incorporated unveils the industry's first automotive 1394b bus solution to support in-car infotainment applications such as rear seat entertainment and other complete audio and video solutions. In addition, TI recently demonstrated automot ... Continue reading

2nd Narita runway to open April 18

2nd Narita runway to open April 18

Thursday, February 21, 2002 at 09:30 JST TOKYO — Japan informed other countries Thursday that a second runway at Narita airport, Japan's main international gateway east of Tokyo, will open April 18 for use by medium-sized aircraft. The Land, Infrastructure and Transport Ministry announced the opening of the 2,180 ... Continue reading

Mueller Tire & Brake Agrees to Acquisition by Tire Kingdom

Mueller Tire & Brake Agrees to Acquisition by Tire Kingdom

CLEVELAND, Feb. 20 -- Mueller Tire & Brake, one of the largest independent tire retailers in Ohio, will soon become part of one of the largest tire retailers and distributors in the country. Scott Mueller, chairman of the family-owned company, announced today that the family has signed a letter of intent to sell certai ... Continue reading

INDIANAPOLIS Buses Run On Hoosier Hybrid Power

INDIANAPOLIS Buses Run On Hoosier Hybrid Power

FOR RELEASE: February 20, 2002 INDIANAPOLIS - When a transit bus parked on Ohio Street north of the Statehouse starts its engine to transport Indiana legislators to view new "clean," fuel-saving vehicle technologies, one thing will be absent--a large black cloud from the exhaust pipe. That's because the bus is powered ... Continue reading

New York City's Transit Authority Uses Engelhard Technology to Clean Diesel Buses

New York City's Transit Authority Uses Engelhard Technology to Clean Diesel Buses

ISELIN, N.J.--Feb. 19, 2002--Almost 700 diesel-powered buses will be cruising New York City's streets more cleanly thanks in part to emission control technology from Engelhard Corporation. The buses, including 190 new and 500 existing vehicles, will emit almost no black smoke. Engelhard's DPX(TM) catalytic particulate ... Continue reading

Union Acceptance Corporation Appoints New Director

Union Acceptance Corporation Appoints New Director

INDIANAPOLIS--Feb. 20, 2002--Union Acceptance Corporation ("UAC") today announced the appointment of Lee Ervin to its Board of Directors. Mr. Ervin joined UAC in September 2001 as Chief Operating Officer and was promoted to President in January 2002. Mike Stout, Chairman of the Board and CEO of Union Acceptance Corpora ... Continue reading

GM deMexico Sales Leader Ole

GM deMexico Sales Leader Ole

FOR RELEASE: February 20, 2002 Mexico, D.F. - GM de Mexico (GMM) achieved all-time record sales of 24,978 units in January. GMM was the overall sales leader with a market share of 26.7% (or 23.4% growth versus the same month last year). GMM is seeking its eighth straight year of sales leadership in the Mexican market, ... Continue reading

GM Joins EPA Climate Leaders

GM Joins EPA Climate Leaders

FOR RELEASE: February 20, 2002 WASHINGTON, D.C.- General Motors is joining the Environmental Protection Agency's (EPA) Climate Leaders Partnership, a new, voluntary program that challenges its partners to set an aggressive, corporate-wide greenhouse gas (GHG) emissions reduction goal. As part of the program, partners i ... Continue reading

GM and Univision Name Scholarship Recipient

GM and Univision Name Scholarship Recipient

FOR RELEASE: February 20, 2002 NEW YORK - Univision Online, Inc., a subsidiary of Univision Communications Inc. and General Motors Corporation today announced that Luis Antonio Franco is the first winner of "El Camino Hacia el Exito" (The Road to Success), a scholarship program acknowledging Hispanic high school studen ... Continue reading

Dura Automotive Announces Changes to Its Board of Directors

Dura Automotive Announces Changes to Its Board of Directors

ROCHESTER HILLS, Mich.--Feb. 20, 2002--Dura Automotive Systems, Inc. , announced today that William L. Orscheln, president, Orscheln Management Co. and John C. Jorgensen, senior vice president, Orscheln Management Co., have resigned from Dura's Board of Directors in order to focus on their other businesses. Mr. Orschel ... Continue reading

Racing Champions Corporation Announces Proposed Public Offering

Racing Champions Corporation Announces Proposed Public Offering

GLEN ELLYN, Ill.--Feb. 20, 2002--Racing Champions Corporation today announced that it intends to file a registration statement with the Securities and Exchange Commission within the next week relating to a public offering of 1,500,000 shares of common stock by the Company and 3,000,000 shares of common stock by selling ... Continue reading

Rolex 24 Winner Anthony Lazzaro To Run Rolex Series and IRL On Same Day

Rolex 24 Winner Anthony Lazzaro To Run Rolex Series and IRL On Same Day

Rolex 24 Winner Pulling Double Duty in Homestead Anthony Lazzaro To Run Rolex Series and IRL On Same Day DAYTONA BEACH, Fla. (February 20, 2002) -- Anthony Lazzaro will be the busiest man at Homestead-Miami Speedway next weekend when he races in both the Indy Racing League 20th Anniversary Grand Prix of Miami and the R ... Continue reading

Bill Elliott Rockingham Preview

Bill Elliott Rockingham Preview

<<...OLE_Obj...>> BILL ELLIOTT ROCKINGHAM PREVIEW NO. 9 DODGE DEALERS INTREPID R/T CONTACT Kristine Curley Golin/Harris 704.924.9404 Racing at the Rock "We haven't had the best of luck at Rockingham recently. I got in a wreck early on in October. That kind of hurt us a little. I don't know. ... Continue reading

Tony Eury Wins "IRWIN Crew Chief of the Week" Honors

Tony Eury Wins "IRWIN Crew Chief of the Week" Honors

<<...OLE_Obj...>> NEWS RELEASE Contact: Dane Roth Golin/Harris International (312) 729-4362 droth@golinharris.com Sawing Through Adversity, No. 8 Crew Chief Tony Eury Takes Home IRWIN Crew Chief of the Week Honors VERNON HILLS, Ill., February 20, 2002 - After his driver finished second in the Bud Shootout and utterly d ... Continue reading

Giaffone Wraps Up Preparations for IRL Season Opener

Giaffone Wraps Up Preparations for IRL Season Opener

CONTACT: Laz Denes, 256-657-6190 ldenes@monunnracing.com www.monunnracing.com GIAFFONE WRAPS UP PREPARATIONS FOR IRL OPENER AT HOMESTEAD HOMESTEAD, Fla. (Feb. 20) - Felipe Giaffone and the #10 Hollywood/Mo Nunn Racing Chevrolet G-Force wrapped up preparations for the 2002 Indy Racing League season opener with two solid ... Continue reading

Jeremy Mayfield Rockingham Preview

Jeremy Mayfield Rockingham Preview

<<...OLE_Obj...>> JEREMY MAYFIELD ROCKINGHAM PREVIEW NO. 19 DODGE DEALERS INTREPID R/T CONTACT Kristine Curley Golin/Harris 704.924.9404 Racing at The Rock "I've had some luck at Rockingham. I got the pole there a few years back and have had a few top 10 runs. There's a lot that can happen there though. The track can c ... Continue reading

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