Avis Continues Local Market Expansion With Four New Locations in the Northeast
Free Pick-up and Drop-off Service Within a Five-Mile Radius; 12-Passenger Vans Offered PARSIPPANY, N.J., March 22 -- Avis Rent A Car System, Inc. today announced the opening of four new car rental facilities as part of its commitment to expand into local markets nationwide. Avis has opened more than sixty-five local re ... Continue reading
Avis Continues Local Market Expansion with Sixteen New Locations in the Southeast
Free Pick-up and Drop-off Service Within a Five-Mile Radius; 12-Passenger Vans Offered PARSIPPANY, N.J., March 22 -- Avis Rent A Car System, Inc. today announced the opening of sixteen new car rental facilities as part of its commitment to expand into local markets nationwide. Avis has opened more than sixty-five local ... Continue reading
Avis Continues Local Market Expansion with Thirty-Five New Western Locations
Free Pick-up and Drop-off Service Within a Five-Mile Radius; 12-Passenger Vans Offered PARSIPPANY, N.J., March 22 -- Avis Rent A Car System, Inc. today announced the opening of thirty-five new car rental facilities as part of its commitment to expand into local markets nationwide. Avis has opened more than sixty-five l ... Continue reading
Avis Continues Local Market Expansion With Twelve New Locations in the Midwest
Free Pick-up and Drop-Off Service Within a Five-Mile Radius; 12-Passenger Vans Offered PARSIPPANY, N.J., March 22 -- Avis Rent A Car System, Inc. today announced the opening of twelve new car rental facilities as part of its commitment to expand into local markets nationwide. Avis has opened more than sixty-five local ... Continue reading
Closing Date Set for UGS Corp.'s Acquisition of Tecnomatix
PLANO, Texas and HERZLIA, Israel, March 22 -- UGS Corp., a leading global provider of product lifecycle management (PLM) software and services, and Tecnomatix Technologies Ltd. , the leader in Manufacturing Process Management (MPM) software solutions for the automotive, electronics, aerospace and other manufacturing an ... Continue reading
Fitch Ratings Comments on Delphi Developments
CHICAGO--March 22, 2005--The announced sale of Delphi Corporation's global automotive battery operations to Johnson Controls Inc. for $212.5 million does not affect the current ratings of Delphi, according to Fitch Ratings. Fitch's 'BB+' rating on Delphi's senior unsecured debt remains on Rating Watch Negative. Additio ... Continue reading
Fitch Upgrades Chase Auto Owner Trust 2001-B, 2002-B, 2003-A, and 2003-B
NEW YORK--March 22, 2005--Fitch Ratings upgrades four classes of four Chase Manhattan Auto Owner Trust transactions. The upgrades are as follows: -- CMAOT 2001-B asset-backed certificates to 'AAA' from 'AA'; -- CMAOT 2002-B asset-backed certificates to 'AA' from 'A'; -- CMAOT 2003-A asset-backed certificates to 'AA' fr ... Continue reading
NationsRent Appointed Sullivan-Palatek Dealership for Texas and Louisiana
FORT LAUDERDALE, Fla.--March 22, 2005--NationsRent Companies, Inc. ("NationsRent") announced today that it has been appointed by Sullivan-Palatek as an authorized dealer for its portable air compressor division for the entire states of Texas and Louisiana. Selected NationsRent stores within each market will serve as st ... Continue reading
Stola S.p.a. Announces the Launch of its North American Operation
NEW YORK, March 22 -- Stola S.p.a., a company with over 86 year's experience in the design, engineering, modeling and show car production in the automotive industry, announces the launch of its North American operation on March 23, 2005. This is the last step in the globalization of a company that has facilities in Eur ... Continue reading
David Parsons' Dancers Reveal New Mercedes-Benz R-Class
World-Class Dancers Celebrate Global Debut of R-Class in New York MONTVALE, N.J., March 22 -- The last time Mercedes-Benz came to New York for the world premiere of a new car was 51 years ago -- to launch the 300 SL "Gullwing" sports car. Now the company is holding the global debut of the all-new R-Class at the New Yor ... Continue reading
Energy & Engine Technology Corporation Announces Continued Significant Sales Growth in Early 2005
PLANO, Texas, March 22 -- EENT (BULLETIN BOARD: EENT) announced today that since the Miami Boat Show (in the last 30 days) and through the end of this week, it has approximately $100,000 in sales from its BMZ Generators Technology, Inc. subsidiary, which yields $1,200,000 in annualized revenue from this subsidiary alon ... Continue reading
NanoSignal Corp. Announces the Acquisition of Global Access Technologies
LAS VEGAS--March 22, 2005--NanoSignal Corp., an OTC PINK SHEET fully reporting company (Pink Sheets:NNOS), had announced on March 18 that it had signed a letter of intent with Global Access Technologies to acquire 100 percent of the company. Today NanoSignal Corp. announced the successful acquisition of 100 percent of ... Continue reading
G Squared Motorsports: Bonus and Championship Points
*FOR IMMEDIATE RELEASE G SQUARED MOTORSPORTS OWNERS: GEORGE BRYCE & GEORGE SMITH NHRA POWERADE DRAG RACING SERIES PRO-STOCK MOTORCYCLE: G SQUARED S&S BUELL RIDER: CHIP ELLIS MEDIA CONTACT: Mickey Schultz PHONE: 770-476-8477 E-MAIL: mschultz@bellsouth.net 36TH ANNUAL NHRA MAC TOOLS GATORNATIONALS GAINESVILLE RACEWAY - G ... Continue reading
DENSO International America Promotes Bill Foy to Vice President
SOUTHFIELD, Mich., March 22 -- Bill Foy, of Novi, Mich., has been named vice president at DENSO International America, Inc. (DIAM), the North American headquarters for Japan-based automotive supplier DENSO Corporation. Previously, Foy, who has been with DENSO for eight years, had been director of Daimler/Chrysler Sales ... Continue reading
RV Wireless, Inc. Announces Its Purchase in Connectifi, Inc., a Provider of High-Speed
SCOTTSDALE, Ariz.--March 22, 2005--RV Wireless, Inc. (Pink Sheets: RVWS) today announces it has purchased a working interest in Connectifi, Inc., a provider of high-speed wireless Internet services to RV resorts in Arizona and California. "Our goal is to consolidate the Internet-access business specifically serving RVe ... Continue reading
O'Donnell Named President of North American Lubricants
SAN JUAN CAPISTRANO, Calif.--March 22, 2005--Chuck O'Donnell has been named the new president of North American Lubricants (NAL) Company. O'Donnell replaces Garry Rooney, who resigned in February to pursue other interests. O'Donnell, 62, joins NAL after a distinguished career in the oil supply and oil change industries ... Continue reading
Still Time to HEMI(R)-Power That Thing!
* Contest seeking HEMI-powered inventions end April 6 * Five finalists will see their inventions brought to life; Grand Prize Winner drives off in HEMI-powered Chrysler, Jeep(R) or Dodge vehicle * Enter at http://www.WhatCanYouHemi.com AUBURN HILLS, Mich., March 22 -- Have an idea of what could be made faster, more pow ... Continue reading
AAA Salutes Carl Edwards for First NASCAR NEXTEL Cup Win
DEARBORN, Mich., March 22 -- "On behalf of the six AAA clubs in The Auto Club Group, I want to offer warm congratulations to Carl Edwards on the occasion of his first victory in a NASCAR NEXTEL Cup Series race," Charles Podowski, president/CEO of The Auto Club Group said today. "Carl's dramatic finish in the Golden Cor ... Continue reading
Cars.com Signs to Use TACODA for Audience Management and Behavioral Targeting
Audience Segmentation Helps Cars.com's Advertisers More Efficiently Target Ready-to-Buy Consumers NEW YORK, March 22 -- TACODA, the pioneer and leading provider of behavioral-targeted online advertising solutions, today announced that cars.com, a leading online automotive marketplace, will use TACODA Audience Managemen ... Continue reading
New Special Edition and Value Package Models Add Appeal to 2005 Honda Accord Lineup
TORRANCE, Calif., March 22 -- American Honda Motor Co., Inc. today announced the introduction of two new value-oriented trim levels to the Accord lineup, adding further to the appeal of the one of America's most popular and award winning passenger cars. The Honda Accord lineup continues the tradition of delivering spor ... Continue reading
A-List Athletes Turn Luxury Rides over to Castro and PEE Channel's Unique Whips
CHARLOTTE, N.C.--March 22, 2005-- Capriati, Giambi and O'Neal Hand over Keys to Reme, His New York Crew and SPEED Channel Cameras SPEED Channel's new Wednesday night hit Unique Whips (9 p.m. ET) continues to build on its star power over the next few episodes, as athletes right out of today's headlines hand over their k ... Continue reading
Statement Regarding Trade Payables Program from GE Commercial Finance & General Motors
STAMFORD, Conn. & DETROIT--March 22, 2005--General Electric Co. and General Motors Corp. today issued the following statement: Contrary to media reports, GE Commercial Finance has not withdrawn a $2 billion loan facility from General Motors. In May 2004, GE Commercial Finance decided to exit the trade payables business ... Continue reading
Never Mind: GE Denies Withdrawing GM Loan Facility- Although They Said They Would- Huh?t
NEW YORK, March 22, 2005; Reuters reported that General Electric Co. said it had not withdrawn a $2 billion loan facility from General Motors Corp., but that it had told the automaker last year it would exit the trade payables business. ... Continue reading
DUBLIN, Ireland, March 22 -- Research and Markets (http://www.researchandmarkets.com/reports/c14374) has announced the addition of Automotive Aftermarket in the United States to their offering. (Logo: http://www.newscom.com/cgi-bin/prnh/20040820/RESEARCH ) Our Automotive Aftermarket in the United States industry profil ... Continue reading
Godzilla V.Mothra : General Motors's Debt Costs Surge as GE Pulls Support
Fairfield March 22, 2005: Bloomberg reported that General Motors Corp.'s borrowing costs rose to the highest in almost two years after the world's largest carmaker by sales lost financial support from General Electric Co. The extra yield, or spread, investors demand to hold GM's 8.375 percent bonds due 2033 instead of ... Continue reading
Godzilla V.Mothra : GE Capital Pulls $2bln GM Credit Line
NEW YORK March 22, 2005; Reuters reporteded that General Electric Co.'s GE Capital unit has withdrawn a $2 billion loan facility for General Motors and its suppliers, the Financial Times reported on Tuesday. GM, which slashed its 2005 profit outlook last week due to a lagging U.S. auto market, will now provide its own ... Continue reading
A Johnson Controls Deve Adquirir as Operações Globais de Baterias Automotivas da Delphi
MILWAUKEE, 22 de março -- A Johnson Controls, Inc. nunciou hoje que assinou uma carta de intenções sem compromisso para adquirir as operações globais de baterias automotivas da Delphi por aproximadamente US$ 212,5 milhões, sujeita a ajustes. Além disso, em conjunto com a aquisição, a Johnson Controls prevê qu ... Continue reading
Johnson Controls Adquiere el Negocio Mundial de Baterías para Automóviles de Delphi
MILWAUKEE, 22 de marzo /PR Newswire/ -- Johnson Controls, Inc. anunció hoy que ha firmado una carta intención no vinculante para adquirir el negocio mundial de baterías para automóviles de Delphi Corporation por aproximadamente $212.5 millones, sujeto a ajustes. (Logotipo: http://www.newscom.com/cgi-bin/prnh/200304 ... Continue reading
Generators Will Be Integrated With a Small Diesel Engine on Two Additional Hybrid Electric UGCV's Being Built by Carnegie Mellon-Led Team Under a Follow-on Contract From DARPA; the Generators Increase the Company's Content on Each Unmanned Robotic Combat Vehicle Beyond the Six UQM(R) High Torque Wheel Mounted Propulsio ... Continue reading
USA TODAY and NADA Name Winner of Dealer Innovation Award
MCLEAN, Va., March 22 -- USA TODAY and the National Automobile Dealers Association (NADA) will present the 2004 Dealer Innovation Award today to Jerry Reynolds, owner of Prestige Ford and Prestige Lincoln- Mercury Mazda of Garland, Texas. Reynolds was selected from among four NADA regions as the national winner for the ... Continue reading
Automotive Supplier Schlemmer Selects Integrated Worldwide ERP Solution Using IFS Applications(TM)
LINKOPING, Sweden, March 22 -- Tier 2 automotive supplier Schlemmer has chosen to implement IFS Applications business software in Germany and 15 other international locations. Schlemmer -- one of the leading providers of cable protection systems, air and fluid, and mechatronic systems for the automotive industry -- is ... Continue reading
Case Logic Launches Stylish On-the-Go Necessities in New DesignWorks(R) Line
First-Rate Automotive Storage Accessories Debut New Line LONGMONT, Colo., March 22 -- Case Logic, the leading supplier of accessory storage solutions, today announced a new line of organizational products geared toward design-conscious consumers. The stylish gear, named DesignWorks(R), allows for space utilization in t ... Continue reading
ComparisonMarket, Inc. Plans to Add 100 Employees
- New venture capital funding will support expansion, growth - Company's Insurance.com lets consumers shop for, buy insurance online CLEVELAND, March 22 -- ComparisonMarket, Inc., which owns and operates Insurance.com, the largest online auto insurance agency in the United States, announced today that it has closed on ... Continue reading
Insurance.com Spokesdog Knows How to Save Money on Auto Insurance
Pooch pitches savings in cable TV campaign CLEVELAND, March 22 -- A gruff but lovable English bulldog named Otto says he knows how drivers can save money on auto insurance. And Otto ought to know what he's talking about -- after all, he's the spokesdog for Insurance.com, which is out to become the top dog in the auto i ... Continue reading
Research and Markets: A Five-Year Forecast of the Canadian Automotive Aftermarket
DUBLIN, Ireland, March 22 -- Research and Markets (http://www.researchandmarkets.com/reports/c14373) has announced the addition of Automotive Aftermarket in Canada to their offering. (Logo: http://www.newscom.com/cgi-bin/prnh/20040820/RESEARCH ) Our Automotive Aftermarket in Canada industry profile is an essential reso ... Continue reading
DUBLIN, Ireland, March 22 -- Research and Markets (http://www.researchandmarkets.com/reports/c14367) has announced the addition of Automotive Aftermarket in Europe to their offering. (Logo: http://www.newscom.com/cgi-bin/prnh/20040820/RESEARCH ) Our Automotive Aftermarket in Europe industry profile is an essential reso ... Continue reading
Supplier Response Running 'Very Strong' to 5th Annual Study of OEM-Tier 1 Supplier Relations
BIRMINGHAM, Mich., March 22 -- Auto supplier response to the annual study that evaluates the working relations between automakers and their suppliers is running surprisingly strong, says the study's author. The 2005 study was launched one week ago and will be open for supplier participation through March. "In just the ... Continue reading
Timken Launches Industrial Seal Offering
Enters Agreement with Federal-Mogul Corporation CANTON, Ohio, March 22 -- The Timken Company today announced it will launch a line of industrial seals in May. Timken entered into a licensing and supply agreement with Federal-Mogul Corporation to sell its industrial seal products in the United States and Canada. Terms w ... Continue reading
Volvo and Sir Richard Branson Unveil Winner of Trip to Space
At New York International Auto Show, Thursday, March 24, 11:50 a.m. MEDIA ALERT/PHOTO OPPORTUNITY WHAT: Volvo Cars of North America will be joined by billionaire entrepreneur Sir Richard Branson to unveil the winner of a trip on a sub-orbital flight to space on Sir Richard's Virgin Galactic (www.virgingalactic.com). WH ... Continue reading
Valence and Phoenix Motorcars Join Forces to Achieve CARB Certification for Electric Vehicles
AUSTIN, Texas--March 22, 2005-- Only Car on Market to Receive CARB Type II Certification with Full Zero Emission Credits Valence Technology, Inc. , a leader in the development and commercialization of Saphion(R) technology, the only safe large format Lithium-ion rechargeable battery technology, played a pivotal role in ... Continue reading
Great Photo Opportunities! What: The BMW Ultimate Drive, which benefits the Susan G. Komen Breast Cancer Foundation to support breast cancer research, education, screening and treatment programs. As part of its nationwide breast health awareness campaign, BMW invites the public to test- drive one of its 19-car fleet du ... Continue reading
MBAH Acquires Blue Sky Motorcycle Rentals, Inc.
SCOTTSDALE, Ariz.--March 22, 2005--MBA Holdings Inc. (OTCBB:MBAH), is pleased to announce that it has acquired 100% ownership of Blue Sky Motorcycle Rentals, Inc. (BSMR). Previous to this 100% acquisition, MBAH held a 50% ownership in BSMR. The remaining 50% purchase of Blue Sky CEO Wayne (Lumpy) Ordakowski's position ... Continue reading
ARKONA Dealer Solutions Selected by Mazda for Its North America Service Center
SALT LAKE CITY--March 22, 2005--ARKONA Inc. (OTCBB: ARKN), a leader in dealer management solutions for the automotive industry, announced an agreement with Mazda North America Operations through which Mazda will deploy ARKONA's dealer management system at its corporate vehicle service center. As part of the agreement w ... Continue reading
Delphi's Internal Accounting Investigation Substantially Completed
TROY, Mich., March 22 -- Delphi Corp. , today announced that the Audit Committee of its Board of Directors, represented by Wilmer Cutler Pickering Hale and Dorr, LLP, outside counsel, and PricewaterhouseCoopers, forensic accountants, has substantially completed its internal accounting investigation. (Logo: http://www.n ... Continue reading
LAKEWOOD, Colo.--March 22, 2005--Driven by 32 percent growth in service contract volume and strong underwriting results, GE Auto Warranty Services (AWS) delivered record results for 2004. "Continued growth in existing accounts, significant new account growth attracted to our industry leading technology, service and par ... Continue reading
Federal-Mogul Corporation Announces Industrial Agreement with The Timken Company
SOUTHFIELD, Mich.--March 22, 2005--Federal-Mogul Corporation (OTCBB:FDMLQ) has entered into a long-term agreement with The Timken Company to supply National(R) sealing products for sale in the United States and Canada. The seals will be marketed and sold under the Timken brand in cartons with the National industrial se ... Continue reading
Orders Increase to more than $200 Million for High-Efficiency ZAP! SMARTCAR
SANTA ROSA, Calif.--March 22, 2005--ZAP (OTCBB:ZAPZ), pioneering the next generation of advanced transportation and energy technologies, announced today that dealer purchase orders for its Smart Car high-gas-mileage vehicles has increased to more than $200 million as American demand for the unique microcar has spread. ... Continue reading
Fleetwood's 2005 Pace Arrow With 23' Slide-Out Rolls Onto Dealer Lots Nationwide
36D Floor Plan With SpacePlus(TM) Environment a 'Must See' at FMCA Winter Show in Georgia RIVERSIDE, Calif., March 22 -- Fleetwood RV, a leading producer of recreational vehicles, today announced that its spacious 2005 Pace Arrow 36D floor plan, featuring a 23' full-wall slide, is now available at Fleetwood dealerships ... Continue reading
Lexus RX400h Voted 'Most Anticipated Hybrid'
IRVINE, Calif., March 22 -- Automotive.com, a leading Internet automotive marketing company, announced Lexus RX400h as the winner of the "Most Anticipated Hybrid" car of 2005. After months of voting and tallying over 200,000 votes submitted by consumers in the Automotive.com 2nd annual Consumer Choice Awards, Lexus was ... Continue reading
Johnson Controls to Acquire Delphi's Global Automotive Battery Business
MILWAUKEE, March 22 -- Johnson Controls, Inc. today announced that it had signed a non-binding letter of intent to acquire Delphi Corporation's global automotive battery business for approximately $212.5 million, subject to adjustments. (Logo: http://www.newscom.com/cgi-bin/prnh/20030423/JCILOGO ) Additionally, in conj ... Continue reading
Remy International Completes Acquisition of Unit Parts Company
ANDERSON, Ind., March 22 -- Remy International, Inc., today announced that it has completed its acquisition of the assets of Unit Parts Company (UPC), based in Oklahoma City. Unit Parts is a major supplier to the automotive aftermarket for new and remanufactured starters and alternators, offering custom branding, packa ... Continue reading
THOMAS KLENKE AND THOMAS JÄGER TO DRIVE NEW FORD FOCUS WORLD TOURING CAR
COLOGNE – 21 March, 2005 – Thomas Klenke and Thomas Jäger have been named by Team Ford Hotfiel Sport (Kirchlengern, Germany) to drive the new Ford Focus in the 2005 FIA World Touring Car Championship (WTCC). "I was really delighted to be nominated and I'm very much looking forward to the challenge," said K ... Continue reading
GM Statement Regarding the Passing of John Z. DeLorean
Attributable to Rick Wagoner, Chairman and CEO, General Motors Corp. "John DeLorean was one of Detroit's larger-than-life figures who secured a noteworthy place in our industry's history. He made a name for himself through his talent, creativity, innovation and daring. ... Continue reading
Westcorp Announces Pricing of Senior/Subordinated Securitization Transaction
IRVINE, Calif.--March 21, 2005--Westcorp announced today the pricing of a $1.5 billion offering of automobile receivable asset-backed securities. The offering was joint managed by Banc of America Securities LLC and Citigroup. The offering was co-managed by Credit Suisse First Boston, Deutsche Bank Securities, and Merri ... Continue reading
WFS Financial Announces Pricing of Senior/Subordinated Securitization Transaction
IRVINE, Calif.--March 21, 2005--WFS Financial Inc announced today the pricing of a $1.5 billion offering of automobile receivable asset-backed securities. The offering was joint managed by Banc of America Securities LLC and Citigroup. The offering was co-managed by Credit Suisse First Boston, Deutsche Bank Securities, ... Continue reading
Ladle Carrier Tires Explode at Severstal North America
DEARBORN, Mich., March 21 -- Severstal North America, Inc. reported that at approximately 9:10 a.m. today twelve Severstal and outside emergency responders were injured when two tires on a liquid steel carrier caught fire and exploded. Three of the Severstal employees were taken to local area hospitals for evaluation a ... Continue reading
IRVINE, Calif.--March 21, 2005--Representatives of the Specialty Vehicle Institute of America will be testifying today before the Consumer Product Safety Commission public meeting in Bethesda, Md., concerning the petition requesting ban of all-terrain vehicles sold for use of children under 16 years old. SVIA agrees wi ... Continue reading
California DMV Report Sparks Controversy Over Safety of Ignition Interlock Devices for DUI
Agency Explicitly States, 'No Evidence That Interlocks Are an Effective Traffic Safety Measure For First DUI Offenders' SANTA FE, N.M., March 21 -- Despite an attempt to back away from its own findings, the California Department of Motor Vehicles' (CA DMV) new report specifically states that ignition interlock devices ... Continue reading
Digital Performance Launches Industry's Largest Motorcycle Directory
LONG BEACH, Calif., March 21 -- Digital Performance Inc. (DPI), creator of RaceIndustry.com, StreetPerformance.com and DirtDirectory.com, the world's largest and easiest to use performance aftermarket directory search engines, launches 2WheelPerformance.com, the world's largest online motorcycle directory. 2WheelPerfor ... Continue reading
Terry Borcheller - Sebring race
so close ... Terry Borcheller had a podium finish in sight at the Mobil 1 12 Hours of Sebring, but an engine problem late in the race took him out of contention. The Gainesville, Ga., driver shared the No. 63 ACEMCO Motorsports Saleen S7R with Ralf Kelleners of Dusseldorf, Germany, and Johnny Mowlem of London, England. ... Continue reading
Mazda Fuels Fire Safety Education Efforts on Nationwide 'Hot Streak' Tour
- Mazda Launches New MX-5 Miata Campaign, Aims to Raise More Than $100,000 for Local Fire Departments Across the Country - NEW YORK, March 22 -- With this week's international debut of the 2006 Mazda MX-5 Miata 3rd Generation Limited at the New York International Auto Show (NYIAS), Mazda today announced the launch of i ... Continue reading
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