Thursday, October 22, 1998

600 Top Auto Designers & Engineers Meet with the Aluminum Industry

The aluminum industry hosted more than 600 senior auto designers, engineers and researchers to showcase how it can assist automakers address the ever-increasing safety and environmental challenges of next generation cars and trucks. ... Continue reading

Aeroquip-Vickers, Inc. Declares Quarterly Dividend

The Board of Directors of Aeroquip-Vickers, Inc. declared a regular quarterly cash dividend of 22 cents per share on its common stock, payable on December 15, 1998, to shareholders of record on November 17, 1998. ... Continue reading

Algoma Steel Inc. - Company Announcement

Algoma Steel Inc. announced that effective November 16, 1998, its Tubular Business Unit will be temporarily idle due to a lack of orders. This temporary cessation of operations is expected to last into the middle of January 1999. ... Continue reading

Allied Holdings Reports Third Quarter Results

Allied Holdings, Inc. reported results for the third quarter ended September 30, 1998. Revenues for the third quarter of 1998 were $217.5 million, compared with revenues of $91.4 million for the third quarter last year, an increase of 138%. ... Continue reading

AutoZone Finalizes Purchase Of Express Stores From Pep Boys

AutoZone, Inc. has finalized its acquisition of 100 Express store locations from Pep Boys, John C. Adams Jr., chairman and CEO of AutoZone, announced. Plans for the acquisition were announced on October 5, 1998. ... Continue reading

Briggs & Stratton Announces Election of James E. Brenn

Briggs & Stratton Corporation announced that its Board of Directors has elected James E. Brenn to the position of Senior Vice President and Chief Financial Officer. Mr. Brenn had previously served as Vice President and Controller. ... Continue reading

BUSINESS: John Wilson Returns to Fischer Engineering

BUSINESS: John Wilson Returns to Fischer Engineering ... Continue reading

Canadian Auto Workers occupy Halifax Volvo plant

As the Canadian Auto Workers union occupation of the Volvo Halifax assembly plant goes into day two, CAW president Buzz Hargrove called on both Jean Chretien, Prime Minister of Canada and Russell MacLellan, the premier of Nova Scotia to intervene. ... Continue reading

CART: Standings Through October 22

CART: Standings Through October 22 ... Continue reading

Caterpillar Emphasizes Engines Have Been in Full Compliance

Caterpillar, Inc. confirms that it has been engaged for an extended period in discussions with the EPA designed to produce an agreement for the industry to accelerate ongoing programs to reduce emissions from diesel engines. ... Continue reading

CEMS Vendor Enertec Acquires Emissions Monitoring Pioneer KVB

Enertec Inc. announced it has acquired KVB Inc., a leading supplier of Continuous Emissions Monitoring Systems used to comply with federal, state and local environmental regulations. ... Continue reading

Charles Dunlap Named New President and CEO of Precision Auto Care

Precision Auto Care, Inc. announced that John F. Ripley had resigned as a director and as the Company's president and chief executive officer in order to pursue other interests. ... Continue reading

Chrysler, Syntroleum Join to Develop Sulfur-Free Fuel

Chrysler and Syntroleum Corporation announced an agreement to develop designer fuels derived from natural gas that will be sulfur-free, affordable and potentially cleaner than any viable transportation fuels currently available. ... Continue reading

Colors on Parade Changes for the Better

Atlanta-based Colors on Parade has named two new exec officers, effective Oct 1st. Richard Jones has been named chairman and CEO and Jim Squire has been named pres and COO of Total Car Franchising Corp, the national franchisor of Colors on Parade. ... Continue reading

Companion P&C Wins Auto Insurance Contract

Companion Property and Casualty Insurance Company has won a contract to process all claims for commercial automobile insurance for the South Carolina Associated Auto Insurers Plan effective March 1, 1999. ... Continue reading

Consumers Demand Sophisticated Safety Features

Anti-lock brakes, side-impact and "smart" passenger airbags and run-flat tires are the safety features that consumers demand the most on their next new vehicle, according to J.D. Power and Associates 1998 APEAL Feature Contenting Report. ... Continue reading

Consumers Lose With Defeat of Title Branding Bill, Says NADA

Consumers were dealt a blow when Congress failed to enact title branding legislation. This bill would have protected consumers and businesses from unknowingly purchasing $4 billion in rebuilt salvaged vehicles annually, according to the NADA. ... Continue reading

Control Devices, Inc. Declares Cash Dividend

Control Devices, Inc. announced that its Board of Directors declared a planned quarterly cash dividend of two cents ($0.02) per common share, payable on or about December 18, 1998 to shareholders of record as of November 27, 1998. ... Continue reading

Dana Corporation Composite Sealing Center Begins Shipping

The Plumley Division of Dana Corporation has begun shipping modular composite sealing assemblies from its newly opened Composite Sealing Center. ... Continue reading

Detroit Diesel Announces EPA/CARB Agreements

Detroit Diesel Corp announced that they, along with other diesel engine manufacturers including Caterpillar Inc., Cummins Engine Company, Inc., Mack Trucks, Inc. and Volvo Truck Corp, have entered into agreements with the EPA, and CARB. ... Continue reading

Drew Reports Record Third Quarter Results

Dyna Group International Announces Q3 Sales and Earnings

Dyna Group International announces third quarter sales and earnings. ... Continue reading

Engine Programs Drive BWA Third Quarter Results

Borg-Warner Automotive, Inc. reported 1998 third quarter earnings of $.73 per share (diluted) compared with $.90 in the same 1997 period. ... Continue reading

EPA Cites Chrysler; Includes $16,000 Fine

U.S. Environmental Protection Agency (EPA) Region 5 has recently filed an administrative complaint against Chrysler for alleged clean-air violations. EPA has proposed a $16,000 penalty. ... Continue reading

Exide Provides Further Comment on October 15th Announcement

On a conference call with investors and analysts, Exide Corporation expanded upon its October 15th announcement with the following information: ... Continue reading

Federal-Mogul Announces Solid Third Quarter Results

Federal-Mogul Corporation announced solid third quarter operating results, continued progress in its integration plan of T&N and Fel-Pro, and growth through the acquisitions of Cooper Automotive and Tri-Way Machine. ... Continue reading

Feds Fail to Obey Own Laws for Electric Vehicles

Federal and state agencies have failed miserably in adding electric vehicles (EVs) to their fleets, says Design News in an exclusive report on the state of battery-powered autos (Oct. issue). ... Continue reading

Foamex Confirms Cancellation of October 27 Settlement Hearing

Foamex Intl Inc. announced that, as requested by the parties, the Delaware Chancery Court has cancelled the settlement hearing previously scheduled for Oct 27, 1998 at 2:00 PM with respect to the proposed settlement of the action. ... Continue reading

Formula One: Standings Through October 22

Formula One: Standings Through October 22 ... Continue reading

Influx of Late-Model Used Cars Projected

Recent analysis by The Polk Company shows that the supply of late-model used cars will continue to increase over the next three years, affecting both pricing and demand for new and used vehicles. ... Continue reading

International Motorsports Hall of Fame Announces 1999 Inductees

The Auto Channel attends the International Motorsports Hall of Fame's announcement of 1999 inductees in Birmingham, Alabama. The Hall of Fame passed out rings to former inductees, and announced the new inductees. The Auto Channel also conducted and exclusive interview with Louise Smith, the first woman ever to be induc ... Continue reading

Kenwal Steel Corporation Achieves QS-9000

Kenwal Steel Corporation has been awarded the prestigious QS- 9000 certification, a comprehensive quality systems program designed by Chrysler, Ford, and General Motors that is definitive in the steel industry. ... Continue reading

Medallion Announces Approval of New Neon Taxi Top Sign

Medallion Financial Corp. announced that its subsidiary Medallion Media, has received approval from New York to install neon taxi top signs, the first time in the history of the New York taxi industry that a neon sign will be used. ... Continue reading

Midgets: NAMARS Wraps up Season Sunday at Shady Bowl

Midgets: NAMARS Wraps up Season Sunday at Shady Bowl ... Continue reading

MISC: Injured Drivers and Benevolent Fund Auction

MISC: Injured Drivers and Benevolent Fund Auction ... Continue reading

MISC: Speakers for "Make A Wish Foundation" Benefit - November 21

MISC: Speakers for ... Continue reading

Monro Muffler Brake, Inc. Reports Q2 Results

Monro Muffler Brake, Inc. reported sales and earnings for its second quarter and six months ended September 30, 1998. ... Continue reading

NASCAR BGN: Standings Through October 22

NASCAR BGN: Standings Through October 22 ... Continue reading

NASCAR FSWT: Freddie Query set to make Appearance on Southwest Tour

NASCAR FSWT: Freddie Query set to make Appearance on Southwest Tour ... Continue reading

NASCAR Trucks: Standings Through October 22

NASCAR Trucks: Standings Through October 22 ... Continue reading

NASCAR WCup: Standings Through October 22

NASCAR WCup: Standings Through October 22 ... Continue reading

Nationwide Insurance Lowering Auto Rates in New York

Nationwide Insurance will lower its auto insurance rates in New York State by an average of 2.9% effective Dec. 1. The overall savings for Nationwide's New York auto policyholders for the next 12 months are estimated at some $10.7 million. ... Continue reading

Navistar to Sign $2.9 Million Consent Decree

Navistar International Corporation issued the following statement in response to published reports about a pending consent decree to be signed by on-highway diesel engine manufacturers, the Department of Justice and the EPA. ... Continue reading

NHRA: Martino Aims to Shoot Down the Opposition in Dallas

NHRA: Martino Aims to Shoot Down the Opposition in Dallas ... Continue reading

NHRA: Standings Through October 22

NHRA: Standings Through October 22 ... Continue reading

NHRA: Top Fuel Points Leader in Position to Set Record for Season Victories

NHRA: Top Fuel Points Leader in Position to Set Record for Season Victories ... Continue reading

NHRA: Warren Johnson Wraps Up NHRA Pro Stock Championship with Eighth Win in 1998

NHRA: Warren Johnson Wraps Up NHRA Pro Stock Championship with Eighth Win in 1998 ... Continue reading

Noble International Reports Increased Q3 and Nine Month Results

Noble International, Ltd. announced increased revenues and earnings for the three and nine month periods ended September 30, 1998. ... Continue reading

Open Road Radio

Open Road Radio ... Continue reading

Open Road Radio

Open Road Radio ... Continue reading

POMS MES Goes Live at Mallinckrodt

POMS Corp. and Mallinckrodt Inc. announced that POMS MES has been successfully implemented at one of Mallinckrodt's manufacturing facilities located in St. Louis, Mo. ... Continue reading

Prestone: 'Change Your Antifreeze, America'

Motorists be warned -- if you neglect your antifreeze, you run the risk of doing serious damage to your engine. Without enough antifreeze, your engine could freeze up in the next cold snap, or boilover from neglect. ... Continue reading

Rouge Industries, Inc. Posts $5.5 Million Q3 Earnings

Rouge Industries, Inc. reported net income of $5.5 million and earnings per share of $0.25 for the third quarter of 1998, compared to net income of $7.0 million and earnings per share of $0.32 for the third quarter of 1997. ... Continue reading

Sale of 100 Express Stores Consummated

The Pep Boys, the nation's leading automotive aftermarket retail and service chain, announced that the sale of the real estate assets relating to 100 of its non-service/non-tire format Express stores to AutoZone Inc. for $108 million closed. ... Continue reading

SDRC Announces 4 New European Members of Metaphase Program

SDRC, the worldwide PDM market leader, announced it has extended membership in the Metaphase Enterprise Solution Provider (e!sp(SM)) program to four new European members. ... Continue reading

SDRC Reports Successful Metaphase Enterprise PDM Implementation

SDRC, the worldwide PDM market leader, announced the continuing successful deployment of its Metaphase(R) Enterprise(TM) Product Data Management (PDM) software within the Rolls-Royce aerospace businesses. ... Continue reading

Sesame Street and Ford Present Bilingual Auto Safety Campaign

Ford Motor Company and Children's Television Workshop (CTW) have teamed up to bring "Buckle Up With Sesame Street," their 1998 national multi-city safety tour, to the South Towne Center, in Salt Lake City. ... Continue reading

Snap-on Inc. Reports Results for the Q3 and First Nine Months

Snap-on Incorporated announced record sales, but lower earnings and earnings per share for the third quarter and first nine months of 1998. ... Continue reading

Spartan Motors Receives New Orders

Spartan Motors, Inc. announced $18 million in new orders for its core chassis business and its three subsidiaries that comprise the Emergency Vehicle Team: Luverne Fire Apparatus, Quality Manufacturing and Road Rescue Ambulance. ... Continue reading

Standard Motor Products Announces Q3 1998 Earnings

Standard Motor Products, Inc., automotive replacement parts manufacturer and distributor, reported its financial results for the third quarter of 1998, the three months ended September 30, 1998. ... Continue reading

Statement By Alfmeier Corporation

Alfmeier Corporation announces a transition of the North American executive team which will take effect on November 1, 1998. ... Continue reading

TBC Reports Third Quarter Earnings

TBC Corporation reported earnings for the third quarter and nine months ended September 30, 1998. ... Continue reading

Textron Announces 20% EPS Increase

Reporting a 20 percent increase in diluted earnings per share from continuing operations, Textron Inc. announced record third- quarter financial results, marking the company's 36th consecutive quarter of year-to-year income growth. ... Continue reading

Three Executives at Johnson Controls Appointed to New Roles

Automotive interior supplier Johnson Controls has announced the appointment of three top executives to new positions, effective immediately. ... Continue reading

TRW Executive Chairs 1998 National Cancer Ball

TRW executive Bob Waters will serve as the corporate chair of the 1998 National Cancer Ball, a benefit sponsored by the National Capital Council American Cancer Society. ... Continue reading

UnitedAuto Reports Q3 and Nine Months 1998 Results

UnitedAuto Group, Inc., the nation's second largest publicly- traded automotive retailer, announced results for the quarter and nine months ended September 30, 1998. ... Continue reading

UNOVA Reports Third Quarter Results

UNOVA, Inc. announced its results for the third quarter ended September 30, 1998. Revenues for the three-month period were $405.7 million, compared to $361.8 million for the comparable period last year, an increase of 12.1 percent. ... Continue reading

Walbro Corporation Reports Third Quarter Results

Frank E. Bauchiero, President and Chief Executive Officer, Walbro Corporation reported sales of $165,648,000 for the third quarter ended September 30, 1998, compared with sales of $146,523,000 for the third quarter of 1997. ... Continue reading

Warrantech Corporation Repurchases 865,000 of its Common Shares

Warrantech Corporation announced that pursuant to its stock repurchase program the Company, to date, has purchased 865,000 of its common shares in open market transactions. ... Continue reading

WESTON To Begin Demonstration of Sediment Decontamination Tech

Roy F. Weston Inc. announced that the company will begin a pilot demonstration of the BioGenesis(SM) sediment washing technology to decontaminate sediments dredged from the New York/New Jersey Harbor region. ... Continue reading