CarMax Announces Two-for-One Stock Split
RICHMOND, Va., Feb. 22 -- CarMax, Inc. announced today that its Board of Directors approved a two-for-one split in the form of a share dividend of the CarMax, Inc. common stock. Each shareholder of record at the close of business on March 19, 2007, will be issued one additional share of common stock for every issued an ... Continue reading
2007 Subaru Forester Sports XT Review
SYNDICATED AUTOMOTIVE NEWS SERVICES DRIVING DOWN THE ROAD WITH CAREY RUSS - (c) 2007 - WEEK 08 2007 Subaru Forester Sports XT "Crossover" means a motor vehicle that offers a cross between carlike comfort and SUV style, with SUV ground clearance. The car is usually some sort of family sedan, and your typical crossover i ... Continue reading
New MPG Estimates May Cause Confusion for Some Consumers
New MPG Estimates May Cause Confusion for Some Consumers New 2008 model year vehicles will be the first to use EPA's newly revised MPG estimates and, although it's still early 2007, many of them are already arriving at dealerships. The new ratings are designed to provide more-realistic MPG estimates by factoring in air ... Continue reading
RICHARDSON, Texas--Remote Dynamics, Inc. (OTCBB:REDI), a leading provider of telematics-based management solutions for commercial fleets, today announced the appointments of Gary J. Hallgren to the position of Chief Executive Officer and Greg L. Jones to the position of Senior Vice President of Operations. Mr. Hallgren ... Continue reading
Flex Fund Announces FLEXible Trade-Ins
YORBA LINDA, Calif.--Flex Fund Financial Services, LLC, a leading provider of used-car inventory financing for new- and used-car dealers, and salvage buyers, today announced FLEXible Trade-Ins, a new program specifically designed to save dealers time and money on trade-in vehicles. Through FLEXible Trade-Ins, Flex Fund ... Continue reading
Leggett Announces First Quarter Dividend
CARTHAGE, Mo., Feb. 22 -- -- 1Q dividend is $.17 per share, 6.3% higher than the $.16 dividend of 1Q 2006. -- Current dividend yield is 2.8%. -- 36th consecutive year of dividend increases, averaging 14% compound annual growth. -- Second-best dividend growth record among the S&P 500 companies. Diversified manufacturer ... Continue reading
XPEL Completes 2007 Product Designs for NASCAR
MOORESVILLE, N.C.--XPEL Technologies Corp. (TSXV:DAP.U) announced today that it has completed product design activities for the 2007 NASCAR season, including paint protection kits for Craftsman Trucks, NEXTEL Cup cars, the Busch Series, and the new Car of Tomorrow (“COT”) models. Steven J. McAuley, XPEL’s Chief E ... Continue reading
Autotropolis.com Launches Car Dealer Locator and Rating Service
TAMPA, Fla.--Autotropolis.com, a leading provider of new and used car buying and research services, announced today the launch of its Interactive Car Dealership Finder which allows consumers to locate, rate, review, and in association with Google Maps attain directions and maps to automobile dealerships close to home. ... Continue reading
NAVTEQ and Maptel Networks Sign Strategic Agreement For The Spanish Map Data Market
Telefonica subsidiary to offer innovative, high-added-value solutions using NAVTEQ maps MADRID, Spain, Feb. 22 -- NAVTEQ , a leading global provider of digital maps for vehicle navigation, location-based solutions and business applications, and Maptel Networks, a Telefonica subsidiary offering digital maps and geograph ... Continue reading
Phoenix Motorcars Names Chief Financial Officer
FOR IMMEDIATE RELEASE Agency Contact: Hillary Williams-Angel Phone: (909) 625-2225 x23 E-mail: hwilliams@wilkinguge.com Phoenix Motorcars Names Chief Financial Officer ONTARIO, Calif. ââ¬â February 22, 2007 ââ¬â Phoenix Motorcars, a manufacturer of battery-electric, freeway-speed fleet vehicles, ... Continue reading
LoJack Recovers Milestone 100,000th Stolen Vehicle in U.S.
Radio Frequency Technology and Integration with Police Integral to Recovery WESTWOOD, Mass., Feb. 22 -- LoJack Corporation , the leading global provider of tracking and recovery systems for stolen mobile assets, today announced it has recovered a milestone 100,000th stolen vehicle in the United States. The recovery, wh ... Continue reading
Fitch Upgrades 1 & Affirms 3 Classes of Chase Auto Owner Trust 2005-B
NEW YORK--Fitch Ratings upgrades the ratings of Chase Manhattan Auto Owner Trust 2005-B as follows: --Class A-2 affirmed at 'AAA'; --Class A-3 affirmed at 'AAA'; --Class A-4 affirmed at 'AAA'; --Certificates upgraded to 'AA+' from 'AA-'. The rating actions are a result of continued available credit enhancement in exces ... Continue reading
Ohio Department of Transportation Signs Traffic.com to Provide Traffic Data Services
WAYNE, Pa.--Traffic.com, Inc. , the leading provider of personalized traffic information for drivers coast-to-coast, today announced an agreement with the Ohio Department of Transportation (ODOT) that provides for the installation of digital roadside traffic sensors along expressways in the Cincinnati and Columbus metr ... Continue reading
By Thom Cannell For a while I had a hero., Peter Horbury. Peter is Fordâs Executive Director of Design in North America and in charge of car and truck design at Ford Motor Company as of 2006. Almost his first duty was to introduce and praise the appearance of a vehicle he had little control over, the new Lincoln N ... Continue reading
Machinists at Harley Ratify New Contract
WASHINGTON, Feb. 22 /PRNewswire-USNewswire/ -- Members of the International Association of Machinists and Aerospace Workers (IAM) Local 175 in York, PA, today voted to ratify a new 3-year contract with Harley-Davidson that preserves established healthcare coverage, boosts wages and ends a 3- week-old dispute at Harley' ... Continue reading
A Fresh Look at Electric Vehicles
Washington DC February 22, 2007; The AIADA newsletter reported that Steven Woolley is a product manager for niche vehicles at Lotus Engineering and sees electric cars as a real possibility. His British company is co-authoring a comprehensive feasibility study into the creation of ultra-efficient electric cars. He tells ... Continue reading
DETROIT, Feb. 22 -- While it's long been known that airborne particulates, some as small as 1/30th the thickness of a human hair, can contribute to heart and lung disease, a recently published medical study from the University of Washington -- based on data collected for the Women's Health Initiative -- has indicated t ... Continue reading
The Market for Vehicular Communications is Estimated to Be Worth Billions by 2012
DUBLIN, Ireland--Research and Markets (http://www.researchandmarkets.com/reports/c50922) has announced the addition of Communications for High-Speed Moving Objects: IEEE 802.16e, IEEE 802.20 and 5.9 GHz DSRC to their offering. Vehicular communications are becoming a reality, driven by navigation safety requirements and ... Continue reading
DUBLIN, Ireland--Research and Markets (http://www.researchandmarkets.com/reports/c50854) has announced the addition of Frost & Sullivan's new report: North American Small Alternating Current Motor Markets to their offering. This research service titled North American Small Alternating Current Motors Markets provides an ... Continue reading
WASHINGTON--The Biotechnology Industry Organization (BIO) thanked President Bush for his participation in a panel discussion on advances in industrial biotechnology that can help dramatically increase ethanol production, held today during a visit to Novozymes North America of Franklinton, N.C. Novozymes is a leading in ... Continue reading
America's Car-Mart Schedules Release of Third Quarter Results and Conference Call
BENTONVILLE, Ark., Feb. 22 -- America's Car-Mart, Inc. today announced it will release financial results for its third quarter, ended January 31, 2007, on Wednesday, March 7, 2007, at 7:30 a.m. (Eastern). Senior management will hold a conference call at 11:00 a.m. (Eastern). A live audio of the conference call will be ... Continue reading
More Than One-Third Say Traffic Congestion is a Serious Problem in Their Community
Over half of those in the Western Region of the United States say traffic is a serious problem ROCHESTER, N.Y., Feb. 22 -- Unfortunately, traffic congestion and their accompanying delays are a fact of life in many communities and for many U.S. adults. Just over one-third (37%) say that traffic congestion is a serious p ... Continue reading
Could Toyota Become Be Nation's No. 1 'Scapegoat'
Toyota is bracing for a backlash even as it prepares to eclipse General Motors as the world's largest automaker within the next year. According to Advertising Age, the Japanese automaker, which directly employs 40,000 people in the U.S., has seen a spotlight shined on its U.S. business in the past year. The Detroit Fre ... Continue reading
Azure Dynamics Agrees DRS Contract for CDN$5.7 Million
TORONTO, February 22 -- Azure Dynamics Corporation (TSX: AZD; LSE: ADC) ("Azure" or the "Company") a leading developer of hybrid electric and electric powertrains for commercial vehicles, today announced that it has agreed its contract with DRS Sustainment Systems, Inc. ("DRS") in respect of Azure's portion of the canc ... Continue reading
Allegheny Technologies Declares Quarterly Dividend
PITTSBURGH--Allegheny Technologies Incorporated announced today that its Board of Directors declared a quarterly dividend of $0.13 per share of common stock. The dividend is payable on March 27, 2007, to stockholders of record at the close of business on March 19, 2007. Building the Worldâs Best Specialty Metals C ... Continue reading
Focus on Energy Efficiency Drives Growth in the Western European Electric Drives Market
DUBLIN, Ireland--Research and Markets (http://www.researchandmarkets.com/reports/c50875) has announced the addition of Frost & Sullivan's new report: Western European Electric Drives Market Forecasts to their offering. This research service titled Western European Electric Drives Market Forecasts provides forecasts for ... Continue reading
KB Racing LLC: Greg Anderson seeks back-to-back wins to start season
*FOR IMMEDIATE RELEASE KB RACING LLC NHRA POWERADE DRAG RACING SERIES KB RACING LLC/SUMMIT RACING EQUIPMENT PRO STOCK PONTIAC GTO GREG ANDERSON -- DRIVER ROB DOWNING -- CREW CHIEF MEDIA CONTACT: MICKEY SCHULTZ PHONE: 920-733-2330 E-MAIL: PR4KBRacingLLC@earthlink.net 23rd ANNUAL NHRA CHECKER SCHUCK'S KRAGEN NATIONALS FI ... Continue reading
*FOR IMMEDIATE RELEASE KB RACING LLC NHRA POWERADE DRAG RACING SERIES KB RACING LLC-owned, KALITTA MOTORSPORTS-managed TOP FUEL DRAGSTER HILLARY WILL (www.hillarywillrace.com) -- DRIVER JIM OBERHOFER (JIM O) -- CREW CHIEF MEDIA CONTACT: MICKEY SCHULTZ PHONE: 920-733-2330 E-MAIL: PR4KBRacingLLC@earthlink.net 23rd ANNUAL ... Continue reading
DETROIT, Feb. 22 -- Urban Science, a global retail consulting firm, announced today that it has launched its second generation, comprehensive lead qualification (scoring) solution. Urban Science's wholly owned subsidiary, ChannelVantage, will roll out the lead scoring portion of the solution with General Motors this sp ... Continue reading
EASTON, Pa., Feb. 22 -- Paragon Technologies, Inc. (AMEX:PTG) , a leading supplier of "smart" material handling systems and "software-driven" warehouse and distribution center solutions, announced today that its SI Systems Production & Assembly brand received an order totaling $2.8 million to design, build, and install ... Continue reading
NaturalNano Announces Successful Pilot-Scale Demonstration of Halloysite Nanotubes in Polypropylene
ROCHESTER, N.Y.--NaturalNano, Inc. (OTCBB: NNAN) (FWB: N3N) (www.naturalnano.com), a materials science company, today announced the successful pilot-scale dispersion of the Company’s proprietary, functionalized halloysite nanotubes (HNT™) in polypropylene at levels ranging from 5% to 13%. Following closely on the r ... Continue reading
Goodyear Introduces "Self-Healing" Carbon Fiber ATV Drive Belt
AKRON, Ohio, Feb. 22 -- Goodyear Engineered Products is hitting the trail with a "self-healing" carbon-fiber- loaded ATV drive belt that can reduce the possibility of a long walk home. (Logo: http://www.newscom.com/cgi-bin/prnh/20050204/GTLOGO ) Goodyear Gatorback Sport is the first Continuously Variable Transmission o ... Continue reading
DALLAS-FORT WORTH, Texas, Feb. 22 -- David Friedman, formerly the top marketing officer for Connexion by Boeing, a global internet unit of the Boeing Company and previously VP, Marketing for U.S. Cellular, has been named EVP and Chief Marketing Officer for ATX Group, the world's largest independent telematics provider ... Continue reading
Commercial Vehicle Group and BizChair Form Business Alliance
NEW ALBANY, Ohio, Feb. 22 -- Commercial Vehicle Group, Inc. announced today that its line of 24/7 intensive-use office chairs are now available for consumer purchase through BizChair online at www.bizchair.com. BizChair specializes in offering the lowest prices on high quality, ergonomic office chairs for the home or b ... Continue reading
Kia Designs and Markets the cee'd Exclusively for the European Market
BURSCHEID, Germany, February 22 -- What was particularly important for Kia in creating its new model? To meet the needs of European consumers. With the new cee'd, Kia is, for the first time, launching a car that is designed, produced and sold exclusively in Europe. The interior was developed by Kia in collaboration wit ... Continue reading
Chrysler-Mercedes-Benz Divorce - Employee E-Mail From Tom LaSorda
Chrysler Group workers arriving for work found an email in their inbox from President and Chief Executive Officer Tom LaSorda. Hereâs Tom's email in its entirety: Dear Colleagues, I know you have many questions as a result of the DaimlerChrysler Annual Press Conference last week and the resulting rumors about the ... Continue reading
TRW Automotive Reports Fourth Quarter and Full Year 2006 Financial Results; Provides 2007 Outlook
LIVONIA, Mich., Feb. 22 -- TRW Automotive Holdings Corp. , the global leader in active and passive safety systems, today reported fourth- quarter 2006 financial results with sales of $3.3 billion, an increase of 4.3 percent compared to the same period a year ago. Net earnings for the 2006 quarter were $33 million or $0 ... Continue reading
Honda & BMW Most Requested Vehicles to Lease: Study
February 22, 2007 07:28 AM Eastern Time LeaseCompare.com Names Most Requested Vehicles to Lease; Honda & BMW Dominate CINCINNATI--Automobile Consumer Services, Inc. (ACS), the leader in online direct-to-consumer auto leasing, released a list of the top 10 most requested vehicles from its popular auto leasing website ww ... Continue reading
Research Frontiers Receives 2007 North American Frost & Sullivan Award for Excellence in Technology
WOODBURY, N.Y.--Research Frontiers Inc. , the developer and licensor of patented SPD-Smart™ light-control film technology, has been named the recipient of the 2007 North American Frost & Sullivan Award for Excellence in Technology for the field of glazings for glass. Frost & Sullivan bestows the award to the company ... Continue reading
American Racing Capital, Inc. / ANRC Contracts with Frost Motorsports LLC
SAN DIEGO--American Racing Capital, Inc. (PINK:ANRC), announced today that it has retained Frost Motorsports LLC, to compile a comprehensive search on available speedway properties. Frost Motorsports specializes in the location and valuation of motorsports facilities and are considered by many to be the finest consulta ... Continue reading
American Axle & Manufacturing Announces Offering of Senior Unsecured Notes
DETROIT, Feb. 22 -- American Axle & Manufacturing Holdings, Inc., which is traded as AXL on the NYSE, and its wholly-owned subsidiary, American Axle & Manufacturing, Inc. (AAM) today announced an offering of $300.0 million of 10-year senior unsecured notes due 2017. The offering is subject to market and other customary ... Continue reading
Drive New Chrysler, Jeep and Dodge Vehicles at the 2007 Cleveland Auto Show
CLEVELAND, Feb. 22 -- Hot, new Chrysler, Jeep(R) and Dodge Concepts and production vehicles are rolling into the 2007 Cleveland Auto Show and this year's displays are more interactive than ever. Auto Show goers will get the chance to ride and drive at Camp Jeep(R) Cleveland, the Dodge Performance Zone and the Chrysler ... Continue reading
Group 1 Automotive Declares Quarterly Cash Dividend
HOUSTON--Group 1 Automotive, Inc. , a Fortune 500 automotive retailer, today announced that its board of directors approved a quarterly cash dividend of $0.14 per share payable on March 15, 2007, to stockholders of record on March 6, 2007. About Group 1 Automotive, Inc. Group 1 owns 104 automotive dealerships comprised ... Continue reading
ICOP To Announce 2006 Year-End Results on March 22, 2007
Management to Host Tele-Conference and Webcast Same Afternoon LENEXA, Kan., Feb. 22 -- ICOP Digital, Inc. , an industry-leading company engaged in advancing digital surveillance solutions, today announced that the Company will report its audited 2006 year-end results on Thursday, March 22, 2007. ICOP will also host a t ... Continue reading
HAUPPAUGE, N.Y.--Odyne Corporation (OTCBB:ODYC), the leading developer of advanced plug-in hybrid electric vehicle (PHEV) technology for trucks and buses, today announced a strategic supplier agreement with Bosch Rexroth Corp. to provide preferred pricing and a steady supply of electric motors and drives for its plug-i ... Continue reading
Partnership will accelerate TAUG's Cameroon operations with facilities, buses and training. LOS ANGELES, Feb. 22 -- Transnational Automotive Group, Inc. (TAUG) (BULLETIN BOARD: TAMG) , a global leader in transportation services and sustainable energy development, today announced that in February 2007, the company enter ... Continue reading
Large and Midsize Car Sales Decline in February as Compact Cars Capture Consumer Interest
SANTA MONICA, Calif.--This month's new vehicle sales (including fleet sales) are expected to be 1.209 million units, a 3.9 percent decrease from February 2006 but an 11.4 percent increase from January 2007, according to Edmunds.com, the premier online resource for automotive information. "Luxury SUVs and compact cars a ... Continue reading
Renowned Engineer Accepts Board Position at Turbine Truck Engines, Inc.
DELAND, Fla.--Mr. Michael Rouse, CEO of Turbine Truck Engines, Inc. (âTTEâ) (OTCBB:TTEG) is extremely pleased to announce that Dr. Magdy Attia has agreed to join the TTE Board of Directors. Dr. Attia is a respected Engineer, researcher, published author, Assistant Professor in the Department of Aerospace Engi ... Continue reading
Honda Announces the New Crossroad SUV
Tokyo, Japan, Feb 22, 2007 - (JCN Newswire) - Honda Motor Co., Ltd. announced the release of the new Crossroad, an automobile which transcends existing categories by combining the design and functionality of an SUV with the convenient size of a compact car and the 3-row seating and 7-passenger capacity of a minivan. Th ... Continue reading
Design a Hat, Win a Trip to the Kentucky Derby
Entries Sought for "Hats Off to the Derby" National Design Competition * Finalists win trip to the 133rd Kentucky Derby to show off their designs * Grand prize winner receives all-new 2008 Chrysler Sebring Convertible * Enter contest at www.ChryslerSebringHatsOfftotheDerby.com by March 5 Auburn Hills, Mich., Feb 19, 20 ... Continue reading
Saab 9-3 Convertible Gets 'Iced'
JUKKASJÃRVI, SWEDEN â Saab customers, VIP guests and dealers from all over the world are being greeted with an âicedâ 9-3 Convertible when they arrive for the Saab Ice Experience event at Swedenâs world famous ICEHOTEL. Saab broke the ice, more than 20 years ago, when it pioneered the concept of ... Continue reading
38 percent of all Mercedes models with a fuel consumption below 6.5 litres per 100 kilometres
Stuttgart, Feb 21, 2007 More than 38 percent of all new Mercedes cars sold in Europe consume fewer than 6.5 litres of fuel per 100 kilometres. And one in five new Mercedes-Benz cars has a fuel consumption of no more than around five litres per 100 kilometres. Mercedes-Benz currently offers a total of eleven passenger-c ... Continue reading
GM Executive, Others Urge NASCAR to Explore Renewable Fuels
DAYTONA BEACH, Fla. February 21, 2007; Chris Jenkins WRITING FOR THE AP REPORTED THAT while working for General Motors in Brazil in the 1990s, Brent Dewar got a firsthand look at the country's successful switch from an oil-based economy to ethanol. Dewar wants to see the same thing happen in the United States, and he t ... Continue reading
DuPont Biofuels Leader Provides Business Update at Alternative Energy Symposium
DuPont Commercialization Strategies for Cellulosic Ethanol, Biobutanol Advancing NEW YORK, Feb. 21 -- DuPont Biofuels Vice President and General Manager John Ranieri told investors at an alternative energy conference that the company's efforts to commercialize its biofuels technologies, including biobutanol and cellulo ... Continue reading
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