Cummins Salutes Diverse Suppliers
COLUMBUS, Ind.--Five companies, including three from Indiana have been named as Cummins Inc.’s first Diverse Suppliers of the Year. The companies were honored at a recent dinner and trade show attended by top Cummins officials including Chairman and Chief Executive Officer Tim Solso, Vice Chairman Joe Loughrey and ... Continue reading
Concord, NC. October 22, 2008: Scott Speed methodically worked from back to front to finish seventh in Saturday's NASCAR Craftsman Truck Series race at Martinsville Speedway. First, he started 32nd. Fifty laps later he was 26th. At halfway he was 18th. At the three-quarter pole he was 16th until finally he picked up a ... Continue reading
INDYCAR SERIES NOTES - October 22, 2008
1. Off-track activities prelude to Nikon Indy 300: IndyCar Series drivers arriving in Australia for the Nikon Indy 300 had a chance to relax Oct. 22 with a series of fun events away from the track. Six drivers participated in the Miss Indy Beach Volleyball Challenge, while three others experienced the thrill of driving ... Continue reading
ELECTRIC RACING CAR TO ENTER THE SPEED HILL CLIMB CHAMPIONSHIP IN 2009
The Bee Four electric racing vehicle (ERV) is being developed in conjunction with Martin Ogilvie, the former Lotus F1 designer, with the intention of winning the British Speed Hill Climb Championship in 2009. The ERV - code-named the "Watt 4" - is an all-electric 4WD vehicle, capable of producing 700hp or 520kW. Partne ... Continue reading
X-Rite Announces Conference Call for Third Quarter 2008 Financial Results
GRAND RAPIDS, Mich.--X-Rite, Incorporated will hold a conference call to discuss the financial results of the third quarter of 2008. The call will be held in conjunction with the company’s earnings release, which will be published before the market opens on November 4, 2008. Date: Tuesday, November 4, 2008 Time: 1 ... Continue reading
Collector Car Sales Exceed $29 Million at Inaugural Barrett-Jackson Las Vegas Event
SCOTTSDALE, Ariz.--Economic uncertainty was nowhere to be found inside the Mandalay Bay Events Center as over $29 million (including Buyer’s Premium) in collector cars were sold during the inaugural Barrett-Jackson Collector Car Event in Las Vegas Oct. 16-18, 2008. Bidders worldwide competed for over 500 vehicles ... Continue reading
Electric Vehicle Company RTEV Announces New President
Former Miles Electric Vehicles CEO Jeff Boyd Tapped to Lead Wheego Street Division ATLANTA, Oct. 22 -- Ruff and Tuff Electric Vehicles (RTEV) today announced the hiring of Jeff Boyd to the position of President of the Wheego Street Division. Boyd will be responsible for all aspects of the company's launch into electric ... Continue reading
Eaton Quarterly Dividend Payable November 21, 2008
CLEVELAND--The Board of Directors of diversified industrial manufacturer Eaton Corporation today declared a quarterly dividend of $.50 per common share payable on November 21, 2008, to shareholders of record at the close of business on November 3, 2008. In January of this year, Eaton announced a quarterly dividend incr ... Continue reading
Hella Electronics Help OEMs Meet Federal Safety Regulations
DETROIT--Automotive supplier Hella KGaA Hueck & Co. has developed a variety of driver assistance systems to help automakers meet proposed U.S. safety regulations. Beginning in the 2010 model year, the U.S. National Highway Traffic Safety Administration (NHTSA) is changing its front and side crash-test programs that are ... Continue reading
Kia Motors America and AutoTrader.com Partner to Showcase New Vehicle Classifieds
New Vehicle Dealer Inventory Available on Largest Online Classified Automotive Web Site -- Partnership expected to assist in increased vehicle and dealer inquiries by consumers -- Information on all new Kia vehicles will be easily accessible IRVINE, Calif., Oct. 22 -- Kia Motors America (KMA) today announced it is team ... Continue reading
Federal-Mogul Corporation Delivers Solid Sales
Operating Results Comparable to Year-Ago Levels in Spite of Significant Economic Downturn Experienced in Q3 2008 SOUTHFIELD, Mich., Oct. 22 -- Federal-Mogul Corporation today reported solid year-over-year results with third quarter sales of $1,692 million, gross margin of $279 million, pre-tax earnings of $22 million a ... Continue reading
Dollar Thrifty Automotive Group Provides Update on Liquidity
TULSA, Okla., Oct. 22 -- Dollar Thrifty Automotive Group, Inc. today announced that it anticipates closing the third quarter with a profit. Additionally, the Company expects to end the third quarter with an unrestricted cash balance in excess of $200 million, up from $80 million as of June 30, 2008, as the Company bene ... Continue reading
Automakers delay car launches after falling sales
Automakers delay car launches after falling sales http://www.gasgoo.com/auto-news/1008126/Automakers-delay-car-launches-a fter- falling-sales.html Shanghai, October 22 (Gasgoo.com) Chinese automakers almost unanimously postponed plans for new car launches amid worries about a demand slowdown, National Business Daily re ... Continue reading
Bosch to add 850 mln euros to China investment
Bosch to add 850 mln euros to China investment http://www.gasgoo.com/auto-news/1008122/Bosch-to-add-850-mln-euros-to-C hina- investment.html Shanghai, October 22 (Gasgoo.com) Bosch Chairman Franz Fehrenbach announced in Beijing recently that Bosch will invest 100 million euros to build a new energy facility in Beijing ... Continue reading
GM Chevrolet Equinox hydrogen car debuts in China
GM Chevrolet Equinox hydrogen car debuts in China http://www.gasgoo.com/auto-news/1008120/GM-Chevrolet-Equinox-hydrogen-c ar-de buts-in-China.html Shanghai, October 22 (Gasgoo.com) The zero-oil, zero-pollution Chevrolet Equinox hydrogen fuel cell car was displayed in Beijing on October 21, kicking off the China tour of ... Continue reading
Fiat Fuels The Excitement At Diesel Party
The ever-popular Fiat 500 lapped up the limelight once again at Diesel's xXx worldwide 30th birthday celebrations, earlier this month. A special-edition Fiat 500 by DIESEL version of the in-demand supermini was displayed outside the London party, at matter nightclub in the O2 Arena in Docklands, where more than 3,000 l ... Continue reading
Volvo Launches Bespoke Luggage In Collaboration With Ilse Crawford
Volvo has linked up with the renowned British designer Ilse Crawford of Studioilse to create a limited edition weekend travel bag, produced in Volvo's contemporary upholstery leather. The bespoke luggage reflects Volvo's dedication and enthusiasm for design and aligns with the classic Scandinavian style that embodies t ... Continue reading
WSJ: Opinion: GM, Chrysler Merger Talk a Cry for Help?
Washington October 22, 2008; The NADA newsletter reported that Your government is getting into the auto business. General Motors, facing the Detroit doomsday scenario, seems close to taking on the extra burden of private equity firm Cerberus Capital's disastrous stake in Chrysler. Don't believe it. According to the Wal ... Continue reading
Cadillac Scales Steps To Royal Automobile Club
Pedestrians and drivers witnessed an astonishing sight this morning when a car was brought into a London private members club. The extraordinary manoeuvre, using a combination of hydraulically lifting ramps and an electric winch, raised a new Cadillac CTS luxury saloon from the street level on Pall Mall to the height o ... Continue reading
Washington DC October 22, 2008; The AIADA newsletter reported that Renault-Nissan is proposing to acquire around 20 percent of Chrysler LLC and bring the Auburn Hills automaker into the French-Japanese automotive partnership, according to sources familiar with the situation. The offer is now before private equity firm ... Continue reading
Limited edition Volvo Ocean Race XC70 and XC90 Honour the World's Most Gruelling Yacht Race
With images of the heaving seas and elegant, minimalist ocean-going yachts, Volvo is launching two special versions of the XC70 and XC90 models to celebrate the staging of the 2008/2009 Volvo Ocean Race. ... Continue reading
Mercedes-Benz Lifestyle Selection Preview 2009: Stylish Elegance In The Latest Colours
Mercedes-Benz is launching an exclusive range of products as a preview of the new Lifestyle Selection 2009. The brand's typical design features are complemented throughout by the latest fashion shades - grey, silver, anthracite and twilight blue - for a fresh, contemporary look. ... Continue reading
Extensive Upgrades Enrich 2009 Volvo Range
New levels of standard equipment offering improved comfort and convenience for both driver and passenger enhance the Volvo experience with the introduction of its 2009 model range. ... Continue reading
Hella And Mando Found Joint Venture In Korea
The automotive supplier Hella KGaA Hueck & Co., Lippstadt and the Korean automotive supplier Mando Corp., Seoul bundle their specific competencies in the fields of chassis systems, chassis electronics and driver assistance systems for the Korean market in a joint corporation. By this means the partners open up manifold ... Continue reading
According To The Greencar Monitor Report The Seat Ibiza Tops The List Of Greencar Vehicles In Spain
SEAT certified excellent results in the month of September in terms of the number of vehicles registered with emission levels equal to or lower than 120 g/km. These results are proof of the Spanish brand’s implication and commitment to preserving the environment by manufacturing vehicles with reduced C02 emission ... Continue reading
Opel and GM Develop Vehicles With a Sixth Sense
In its second international forum, the CAR 2 CAR Communication Consortium (C2C-CC) is demonstrating for the first time worldwide vehicle-to-X communication independent of manufacturer or vehicle-type. Opel is hosting the event at the GM Dudenhofen Test Center in Germany. ... Continue reading
Fiat to Introduce New Concept Car at Sao Paolo Autoshow
Fiat Automoveis, the Brazilian subsidiary of Fiat will unveil a new, locally designed concept car at the forthcoming Sao Paolo Autoshow which will run from 30 October to 10 November. ... Continue reading
Honda Demonstrates Life Saving Motorcycle Technology
22 October 2008 - In its efforts to improve safety for everyone, especially vulnerable road users, Honda's leading motorcycle to car communication system is being demonstrated for the first time in Europe at the CAR 2 CAR Communication Consortium event taking place at the Opel Test Track in Dudenhofen, Germany, from 22 ... Continue reading
Anders-Sundt Jensen Appointed New Head Of Brand Communications Mercedes-Benz Cars
From 1st November, 2008, Anders-Sundt Jensen will be Vice President Brand Communications Mercedes-Benz Cars. He succeeds Dr. Olaf Göttgens, who leaves Daimler AG on 31st October, 2008 in order to take on new professional challenges. ... Continue reading
Toyota Profit to Halve, Unit Sales to Drop: Report
Toyota Motor plans to say its annual profit will likely halve in the financial year to next March due to a stronger yen and slowing sales amid the global financial crisis, a newspaper reported on Wednesday. Separately, media said Toyota will post its first sales decline in a decade in calendar 2008 with vehicle sales n ... Continue reading
Active And Passive Safety At The BMW Group
"Supreme safety of the highest standard is a natural asset for the premium manufacturer. What makes our cars so unique is the overall approach we take in our safety concept" - states Klaus Kompass, BMW Group Director of Vehicle Safety, in describing the safety philosophy of the BMW Group. ... Continue reading
CNBC: Three Reasons For GM Not To Buy Chrysler
By:Phil LeBeau Ever since word first leaked out about GM talking with Cerberus Capital about buying Chrysler, I've had two basic conversations with those in the companies, in the industry, on Wall Street, and you the reader/viewer. You either think this is a chance GM[GM 6.15 -0.39 (-5.96%) ] should seize or you cringe ... Continue reading
Kinser Eye's Another Strong Run in Outlaws Midwest Finale
INDIANAPOLIS October 21, 2008: The road map used by the Tony Stewart Racing (TSR) team in 2008 is full of ink, as they’ve criss-crossed the country racing with the Advance Auto Parts World of Outlaws (WoO) Sprint Car Series. In his first full WoO season since 2005, TSR’s Kraig Kinser has traveled a lot of mil ... Continue reading
Donny Schatz Looks to Fight Off Outlaw Challengers in Topeka Return
INDIANAPOLIS October 21, 2008: Two-time-defending Advance Auto Parts World of Outlaws (WoO) Sprint Car Series champion Donny Schatz has faced just about every challenge imaginable during the last 12 years. Saturday night will mark a first for the driver of the Tony Stewart Racing (TSR) No. 15 Armor All/Chevy/ParkerStor ... Continue reading
Asbury Automotive Group Schedules Release of Third Quarter Financial Results and Conference Call
NEW YORK, Oct. 21 -- Asbury Automotive Group, Inc. , one of the largest automotive retail and service companies in the U.S., today announced that it will release its third quarter financial results before the market opens on October 30, 2008. Charles R. Oglesby, President and CEO, and Craig T. Monaghan, Senior Vice Pre ... Continue reading
Hayes Lemmerz Recognized by Nissan North America for Top Performance
NORTHVILLE, Mich., Oct. 21 -- Hayes Lemmerz International, Inc. announced today that its aluminum wheel manufacturing operation in Chihuahua, Mexico has received Nissan North America, Inc.'s Quality Master and Zero Defects Awards. The Quality Master Award is based on year-long evaluations of Nissan's suppliers by the c ... Continue reading
Iteris, Inc. Reports Second Quarter Revenue Growth of 12% and Record Revenues of $19.1 Million
SANTA ANA, Calif.--Iteris, Inc. (AMEX: ITI), a leader in the traffic management market that focuses on the application and development of advanced technologies, today reported financial results for its second fiscal quarter ended September 30, 2008. For the quarter ended September 30, 2008, Iteris, Inc. (the “Comp ... Continue reading
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