GM may halt NY leasing due to liability law
NEW YORK, Jan 22, 2003; Reuters reports that the lending arm of General Motors Corp. may stop leasing vehicles in New York if the state doesn't change a more than 75-year-old law that holds it responsible in traffic accidents, the Wall Street Journal reported on Wednesday. GM and other big lenders are considering simil ... Continue reading
FORD BRAND DEBUTS NEW AD CAMPAIGN
DEARBORN, Mich., Jan. 22, 2003 – Ford Division is inviting consumers to discover what millions of owners already know with a new advertising campaign featuring its entire lineup of cars, trucks and SUVs. The national campaign, “If You Haven't Looked at Ford Lately … Look Again," features an original s ... Continue reading
LINCOLN ENTERS THE ARMORED VEHICLE MARKET WITH TOWN CAR BPS
WASHINGTON D.C., Jan. 22, 2003 – Lincoln is entering the rapidly growing armored vehicle market with introduction of the Lincoln Town Car Ballistic Protection Series. Scheduled for production in mid-2003, the Lincoln Town Car BPS will provide a high level of armored protection, with high quality, at a competitive ... Continue reading
Help Eliminate Auto Thefts Reports as the Temperature Drops, Auto Theft Rises; Drivers Trying to Stay Warm Leave Cars Open to Theft Help Eliminate Auto Thefts Teams Up With Statewide Law Enforcement To Remind Drivers to Keep Cars Safe This Winter LIVONIA, Mich., Jan. 22 Statewide auto-theft prevention program Help Elim ... Continue reading
Johnson Controls Declares Cash Dividend
Johnson Controls Declares Cash Dividend MILWAUKEE, Jan. 22 The Directors of Johnson Controls, Inc. (JCI) today authorized a regular quarterly cash dividend of $.36 per common share. The dividend is payable March 31, 2003 to shareholders of record March 14, 2003. Johnson Controls has paid consecutive dividends since 188 ... Continue reading
Team Mitsubishi Motor Sports America Braves Ice and Frigid Temperatures in Debut of New Team, New Cars at Michigan's Sno*Drift SCCA ProRally CYPRESS, Calif., Jan. 22 Imagine trying to harness 400-plus horsepower while driving at freeway speeds over narrow, ice-and-snow covered logging roads. A daunting thought for us m ... Continue reading
Kawasaki Names Tom Orbe to New V.P. Marketing Position
IRVINE, Calif.--Jan. 22, 2003--Kawasaki Motors Corp., U.S.A. today announced the addition of longtime automotive industry marketer, Tom Orbe, to its staff. Orbe joins Kawasaki as vice president, marketing and will, through an intermediate transition period, report to Bob Shepard, executive vice president, marketing gro ... Continue reading
NEW YORK--Jan. 22, 2003--Lippincott & Margulies has announced that it will unite its identity and brand strategy consultancy with the brand science offering of sister firm Mercer Management Consulting. The new organization, called Lippincott Mercer, combines Lippincott's 57 years of excellence in brand and design with ... Continue reading
Toyota, Honda Lead the Way in Automotive Environmental Award Competition
Toyota, Honda Lead the Way in Automotive Environmental Award Competition POLK LOGO Polk logo. (PRNewsFoto)[JL] SOUTHFIELD, MI USA 01/09/2003 Toyota won most Awards, Honda highest percentage of models recognized SOUTHFIELD, Mich., Jan. 22 For the third consecutive year, Toyota Motor Co. has topped the Automotive Market ... Continue reading
Barrett-Jackson Dazzles With Classic Cars, Celebrities And World Record Prices
Barrett-Jackson Dazzles With Classic Cars, Celebrities And World Record Prices BARRETT-JACKSON LOGO Barrett-Jackson Auction Company logo. (PRNewsFoto)[TK] SCOTTSDALE, AZ USA 12/21/2001 SCOTTSDALE, Ariz., Jan. 22 Hollywood celebrities, professional athletes, rock stars, legends from the world of professional racing and ... Continue reading
Detroit Diesel Corporation Names Carsten Reinhardt as Chief Executive Officer
Detroit Diesel Corporation Names Carsten Reinhardt as Chief Executive Officer DETROIT, Jan. 22 Detroit Diesel Corporation (DDC) today announced the appointment of Carsten Reinhardt as Chief Executive Officer, effective April 1, 2003. Reinhardt will join DDC from DaimlerChrysler's Freightliner LLC business unit, where h ... Continue reading
Automotive Display Development: Laser Projection Technology for in-Vehicle Applications
BOTHELL, Wash.--Jan. 22, 2003--Microvision, Inc. , a leader in light scanning technologies, today announced that it has signed two agreements for development of specific automotive display prototypes. The first is a contract with a major European automotive company to develop a prototype for a revolutionary driver's in ... Continue reading
Hybrid Electric HMMWV Powered by UQM(R) Propulsion Systems Begins Cold Weather Evaluation at the U.S. Army's Cold Regions Test Center Current Phase of Performance Evaluation to Focus on Operating Characteristics In Harsh Winter Conditions FREDERICK, Colo., Jan. 22 UQM TECHNOLOGIES, INC. (AMEX: UQM) announced today that ... Continue reading
Eaton Declares Quarterly Dividend
CLEVELAND--Jan. 22, 2003--Diversified industrial manufacturer Eaton Corporation's Board of Directors today declared a regular quarterly dividend of $.44 per common share, payable on February 21, 2003 to shareholders of record on February 3, 2003. Eaton has paid dividends on common shares every year since 1923. Eaton Co ... Continue reading
Reynolds and Reynolds Reports First Quarter Results
Reynolds and Reynolds Reports First Quarter Results EPS Increases 14 Percent Live Webcast at 11:00 a.m. EDT conference call, and replay, available at reyrey.com DAYTON, Ohio, Jan. 22 The Reynolds and Reynolds Company today reported net income of $28 million or 40 cents per share for the first fiscal quarter ended Decem ... Continue reading
Snap-on Reports Fourth-quarter EPS of $0.56 and Full-year 2002 EPS of $1.81
KENOSHA, Wis.--Jan. 22, 2003-- Strong 2002 Cash Flow Benefits from Operational Fitness Initiatives; 10%-15% Earnings Growth Expected for 2003 Snap-on Incorporated , a global leader in tools, diagnostics and equipment, announced fourth-quarter and full-year 2002 results. -- Net earnings for the fourth quarter of 2002 we ... Continue reading
Reynolds and Reynolds Acquires MSN Autos' Dealerpoint Business
Reynolds and Reynolds Acquires MSN Autos' Dealerpoint Business, Industry's Most Widely Used Automotive Lead Management Tool Reynolds Will Offer a Basic Internet Lead Management Solution, Broadening its CRM Leadership Within the Reynolds Generations Series(TM) DAYTON, Ohio, Jan. 22 The Reynolds and Reynolds Company toda ... Continue reading
Ashland Specialty Chemical Company's Drew Industrial Business Announces Revolutionary, New Defoamer for Paints and Industrial Coatings ASHLAND SPECIALTY CHEMICAL LOGO Ashland Specialty Chemical Company logo. (PRNewsFoto)[JL] DUBLIN, OH USA 12/05/2002 BOONTON, N.J., Jan. 22 Ashland Specialty Chemical Company's Drew Indu ... Continue reading
Aura Systems and Auto Truck Group Agree on Joint Marketing Program
EL SEGUNDO, Calif.--Jan. 22, 2003--Aura Systems, Inc. (OTCBB:AURA) today announced that the Auto Truck Group and Aura Systems have agreed on a joint marketing program to promote the AuraGen(R) Mobile Power System on certain Ford and GM commercial vehicles. Expanding upon the recent Ford Motor Company ship-through insta ... Continue reading
Avis Europe plc Offers to Purchase Selected Budget Assets
BRACKNELL, England--Jan. 22, 2003--Avis Europe plc, the leading car rental company in Europe, Africa, the Middle East, and Asia, has signed an agreement to acquire certain assets of Budget International, including the rights to use the trademark and name throughout Europe, the Middle East and Africa, together with the ... Continue reading
Tuscarora Incorporated Announces New SCA ThermoSafe Division for Temperature Assurance Solutions
Tuscarora Incorporated Announces New SCA ThermoSafe Division for Temperature Assurance Solutions NEW BRIGHTON, Pa., Jan. 22 Tuscarora Incorporated, a wholly-owned subsidiary of SCA and a division of SCA North America, announced today that it has formed a new division that will specialize in products and services for th ... Continue reading
BEDFORD, Texas--Jan. 22, 2003--Warrantech Corporation (OTCBB:WTEC), a leader and innovator in providing service contracts and aftermarket warranties announced an Agreement was signed with Monro Muffler Brake Inc. launching a unique retailer warranty program. The product launch will begin in January 2003. This direct ma ... Continue reading
Woodward Announces Dividend Increase
ROCKFORD, Ill.--Jan. 22, 2003--Woodward Governor Company announced today that its Board of Directors has approved an annualized cash dividend of $0.96 per share, payable to shareholders on a quarterly basis beginning in March 2003. This represents a 3.23 percent increase over the 2002 dividend of $0.93 per share. "Wood ... Continue reading
JapanCorp: <http://www.japancorp.net/?page_num=1> Horiba to Conduct Road Relay to Measure Global Car Exhaust Data to Commemorate Fifty Years in Business (January 26, 2003) Tokyo, Japan, Jan. 22, 2003 - (JCN Newswire) - To commemorate fifty years in business, Horiba, Ltd. (headquartered in Kyoto, president Atsushi Horib ... Continue reading
Hino Motor Aims To Sell 150,000 Autos Globally In 2010
TOKYO January 22, 2003; Dow Jones is reporting that Hino Motors Ltd., a major Japanese truck maker, aims to more than double its global sales to over 150,000 trucks and buses in 2010 from the targeted 65,400 units in 2003, the company's top executive said Wednesday. "It's difficult for us to expand our business much fu ... Continue reading
GM China Launches Two Buick Regals
SHANGHAI, Jan 22, 2003: Reuters reported that U.S. General Motors Corp's Chinese joint venture said it has introduced two 2.5-litre Buick Regal cars in the booming and increasingly competitive domestic market. The announcement came almost a month after GM revamped its Buick models and launched the top-of-the-line Regal ... Continue reading
Hyundai Motor Targets To Sell 280,000 Cars In Europe '03
SEOUL January 21, 2003; Jeongjin Lim writing for Dow Jones reported that Hyundai Motor Co. , South Korea's largest carmaker, aims to sell 280,000 cars in Europe this year, compared with 250,000 in 2002. The company expects its newly introduced compact model, Getz, to help boost overall sales in Europe, as there has bee ... Continue reading
Reynolds and Reynolds' Networkcar Obtains Patent for Vehicle Diagnostics, Performance Technology Patented technology to collect, transmit and display diagnostic information from vehicles with onboard diagnostic systems SAN DIEGO, Jan. 21 /PRNewswire-FirstCall/ -- Networkcar, a Reynolds and Reynolds company , today anno ... Continue reading
NEC Electronics' 32-Bit V850ES/SA2 Microcontroller Receives Highest Scores for EEMBC Automotive Benchmarks SANTA CLARA, Calif., Jan. 21 NEC Electronics America, Inc. today announced that its V850ES/SA2(TM) microcontroller (part number uPD703201) received high scores for performance in automotive/industrial benchmark te ... Continue reading
Dealix Corporation Announces Launch of New Corporate Web Site
Dealix Corporation Announces Launch of New Corporate Web Site PALO ALTO, Calif., Jan. 21 Dealix Corporation, the market expert and leader in automotive Internet marketing services, announced the re-launch of its corporate Web site: Dealix.com. With the launch of the new Dealix.com site, the Company unveils an evolving ... Continue reading
John J. Holland Named Director of Cooper Tire & Rubber Company
John J. Holland Named Director of Cooper Tire & Rubber Company COOPER TIRE & RUBBER COMPANY LOGO Cooper Tire & Rubber Company logo. (PRNewsFoto)[JL] FINDLAY, OH USA 04/04/2001 FINDLAY, Ohio, Jan. 21 /PRNewswire-FirstCall/ -- COOPER TIRE & RUBBER COMPANY announced today that its Board of Directors has named John J. Holl ... Continue reading
Harley-Davidson V-Rod Propelled Into Motorcycle Stardom
Harley-Davidson V-Rod Propelled Into Motorcycle Stardom HARLEY-DAVIDSON V-ROD Harley-Davidson V-Rod propelled into motorcycle stardom. V-Rod emerges as Harley-Davidson's most award-winning bike ever. (PRNewsFoto)[AS] MILWAUKEE, WI USA 01/21/2003 V-Rod Emerges As Harley-Davidson's Most Award-Winning Bike Ever MILWAUKEE, ... Continue reading
Ford Credit Earns $1.23 Billion in 2002
Ford Credit Earns $1.23 Billion in 2002 Fourth Quarter Profit of $354 Million Reported DEARBORN, Mich., Jan. 21 /PRNewswire-FirstCall/ -- Ford Motor Credit Company reported earnings of $1.23 billion in 2002, up $395 million from earnings of $839 million a year earlier. After-tax financial statement return on average eq ... Continue reading
Collins & Aikman Acquires Remaining Interest Of Italian Joint Venture From Textron
Collins & Aikman Acquires Remaining Interest Of Italian Joint Venture From Textron TROY, Mich., Jan. 21 Collins & Aikman Corporation announced today, that it had on January 17, 2003, acquired from Textron Inc., the remaining 50% interest in an Italian automotive joint venture. Collins & Aikman paid $15 million for Text ... Continue reading
California Coastal Commission and California Tahoe Conservancy Commission Art Car to Promote Sales of Environmental License Plates, ECOPLATES.com SAN FRANCISCO, Jan. 21 "My vision for the Lake Tahoe art car is one that combines art with science, and is specific and unique to the animals and landmarks of the Tahoe area, ... Continue reading
General Motors and Boatmaker Genmar to Develop Co-Marketing Programs
General Motors and Genmar Holdings, Inc. to Develop Co-Marketing Programs MINNEAPOLIS, Jan. 21 General Motors , the world's largest vehicle manufacturer, and Genmar Holdings, Inc. ("Genmar"), the largest recreational boat builder in the world consisting of 18 of America's premier brands of pleasure boats, announced tod ... Continue reading
Shawmut Mills Acquires Brooklyn Products
Shawmut Mills Acquires Brooklyn Products PLYMOUTH, Mich., Jan. 21 Shawmut Mills, the largest independent supplier of headliner laminates and other soft composites for automotive interiors, announced today that it has reached an agreement to acquire the assets of Brooklyn Products Incorporated of Brooklyn, Mich. Brookly ... Continue reading
Top U.S. Athletes Head for England in Quest for Land Rover G4 Challenge
Top U.S. Athletes Head for England in Quest for Land Rover G4 Challenge IRVINE, Calif., Jan. 21 Nancy Olson, 29, of Arlington, Va., and Kirk Boylston, 45, from Calabasas, Calif., will go head-to-head this week as they compete in the Land Rover G4 Challenge International Selections. Only one will go forward to the globa ... Continue reading
Huh? "For Security Purposes Veteran Auto/Boat Show Producer Will Cease Crowd Count Info"
PLAYA DEL REY, Calif.--Jan. 21, 2003--William A. Schultz, Executive Director of Auto Dealer Shows, Inc. and a producer of West Coast automotive and boat exhibitions for 35 years has announced he will no longer divulge event attendance figures in support of homeland security. "Generally we issue attendance figures at th ... Continue reading
SCCA to Sanction Pikes Peak Hillclimb
The press release text included below is also available in a formatted Word97-Word2000 document. If you would prefer to receive our press releases in that format, or if you wish to opt out of these distributions, please send your request to: sccaprorally@aol.com. FOR IMMEDIATE RELEASE Sports Car Club of AmericaÃ’ ... Continue reading
Ford Posts $130 Million Loss for 4Q - A few bucks here a few bucks there....
DEARBORN, Mich. January 21, 2003; John Porretto writing for the AP reports that Ford Motor Co. narrowed its loss to $130 million in the fourth quarter, primarily due to its ongoing restructuring, but some observers are skeptical of the company's forecast for market share and hefty earnings growth this year. The world's ... Continue reading
GM to lay off some workers at Michigan plant
DETROIT, Jan 21, 2003; Reuters is reporting that General Motors Corp. said on Tuesday it will lay off an undetermined number of workers at a Detroit-area assembly plant in mid-March as it slows production of some of its luxury sedans. GM, the world's largest automaker, said it will slow the production line speed to cut ... Continue reading
DaimlerChrysler may produce VW transporter
FRANKFURT, Jan 21, 2003; Reuters reports that carmaker DaimlerChrysler AG is in talks to manufacture the new light commercial vehicle of its German rival Volkswagen AG, a paper reported on Tuesday. DaimlerChrysler could assemble up to 50,000 units of Volkswagen's new LT3 vehicle per year in its plant in Ludwigsfelde, G ... Continue reading
U.S. gasoline pump price highest in 16 months
WASHINGTON, Jan 21, 2003; Tom Doggett writinbg for Reuters reported that the cost for a gallon of motor fuel in the United States reached its highest level in 16 months, as drivers suffered a sixth week of rising gasoline prices, the Energy Department said on Tuesday. The average price for regular unleaded gasoline jum ... Continue reading
ArvinMeritor Reports Fiscal Year 2003 First-Quarter Results
ArvinMeritor Reports Fiscal Year 2003 First-Quarter Results ARVINMERITOR LOGO ArvinMeritor logo. (PRNewsFoto)[AG] TROY, MI USA 05/24/2001 TROY, Mich., Jan. 21 /PRNewswire-FirstCall/ -- ArvinMeritor, Inc. today reported sales of $1.7 billion and net income of $32 million, or $0.47 per diluted share, for its first fiscal ... Continue reading
DaimlerChrysler Executive Attack on 'Conservatives' Stirs Controversy; Carmaker Asked to End Support for Jesse Jackson WASHINGTON, Jan. 21 The following letter was sent today to Chrysler Group President and CEO Dr. Dieter Zetsche by Peter Flaherty, president of the National Legal and Policy Center: The purpose of this ... Continue reading
Reynolds and Reynolds Names Alan Chakra New Head of Car Company Solutions Group
Reynolds and Reynolds Names Alan Chakra New Head of Car Company Solutions Group REYNOLDS AND REYNOLDS ALAN CHAKRA Alan Chakra, Vice President, Car Company Solutions Group. (PRNewsFoto)[TC] DAYTON, OH USA 01/21/2003 IBM veteran experienced in serving automotive and OEM sectors joins company DAYTON, Ohio, Jan. 21 /PRNews ... Continue reading
Continental Teves Secures Major Brake and Chassis Contract With Nissan
Continental Teves Secures Major Brake and Chassis Contract With Nissan AUBURN HILLS, Mich., Jan. 21 Continental Teves, a unit of Continental AG, announced that it has been awarded a significant contract to supply advanced brake and chassis technologies to a major North American automotive manufacturer. Continental Teve ... Continue reading
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