The Mint Leasing, Inc. Announces First Quarter Operating Results
HOUSTON, May 22 -- The Mint Leasing, Inc. (OTC Bulletin Board: MLES), which provides innovative leasing services to customers of franchised automobile dealers throughout the United States, today announced its operating results for the first quarter of 2009. For the three months ended March 31, 2009, the Company reporte ... Continue reading
Chrysler LLC Statement in Response to GMAC Financial Services Investment
AUBURN HILLS, Mich., May 22 -- The following comments on Chrysler and GMAC Financial Services can be attributed to Jim Press, Chrysler Group Vice Chairman and President, North American and International Sales, Global Marketing, Product Strategy, Service and Parts: "With nearly 90 percent of our U.S. dealers now activat ... Continue reading
Firestone Freedom 100 Top Three Press Conference - May 21, 2009
PAT SULLIVAN: We anticipate that Mario will be making his way down in just a matter of seconds. He's doing some other things, as well. We do have J.R. Hildebrand, and he's proudly wearing that second-place finish hat. Said he'll take it. Didn't look like he was thoroughly satisfied but not thoroughly dissatisfied, eith ... Continue reading
Firestont Freedom 100 Results - Indianapolis - May 21, 2009
INDIANAPOLIS - Results Friday of the Firestone Freedom 100 Firestone Indy Lights event May 22 at the 2.5-mile Indianapolis Motor Speedway, with order of finish, starting position in parentheses, driver, laps completed and reason out (if any) and money earned: <P> 1. (1) Wade Cunningham, 40, Running $40,000 2. (3) J.R. ... Continue reading
Castroneves Paces Final Practice Before Indianapolis 500
INDIANAPOLIS, May 22, 2009: Helio Castroneves paced the final practice before the Indianapolis 500 and Wade Cunningham became the first two-time winner of the Firestone Freedom 100 Firestone Indy Lights event Friday on the final day of on-track activity before Sunday's Indianapolis 500. The 33 starters in the field for ... Continue reading
Team Penske, Helio Win Pit Stop Challenge
INDIANAPOLIS, May 22, 2009: Helio Castroneves and the No. 3 Team Penske crew earned its third consecutive victory in the Indianapolis 500 Pit Stop Challenge on May 22 during Miller Lite Carb Day at the Indianapolis Motor Speedway. Castroneves and the Team Penske crew, led by veteran chief mechanic Rick Rinaman, took ho ... Continue reading
Brilliance Auto chairman to head JinBei Auto
Brilliance Auto chairman to head JinBei Auto http://autonews.gasgoo.com/auto-news/1010597/Brilliance-Auto-chairman-t o-hea d-JinBei-Auto.html Shanghai, May 22 (Gasgoo.com) Brilliance Auto chairman Qi Yumin has started to head Shenyang Brilliance JinBei Automobile Co., whose chairman He Guohua has resigned on health gro ... Continue reading
FAW Toyota aims to sell 400,000 cars in '09
FAW Toyota aims to sell 400,000 cars in '09 http://autonews.gasgoo.com/auto-news/1010591/FAW-Toyota-aims-to-sell-40 0-000 -cars-in-09.html Shanghai, May 22 (Gasgoo.com) China's auto market has been recovering since the government launched a slew of stimulus measures earlier this year. To benefit from the support polici ... Continue reading
Chery says no cooperation deal with Jianghuai yet
Chery says no cooperation deal with Jianghuai yet http://autonews.gasgoo.com/auto-news/1010592/Chery-says-no-cooperation- deal- with-Jianghuai-yet.html Shanghai, May 22 (Gasgoo.com) Following Guangzhou Automobile's merger with Hunan Changfeng Motor Co on Thursday, Chery Automobile Co and Anhui Jianghuai Automobile Co m ... Continue reading
AURORA, ON, May 22 -- Magna International Inc. (TSX: MG.A, NYSE: MGA) today confirmed that, together with Sberbank Rossii ("Sberbank"), it has submitted a non-binding indicative offer for Opel. The offer contemplates a total investment by Magna and Sberbank of Euro 700 million, a portion of which would be guaranteed by ... Continue reading
HUGHES Telematics Voluntarily Moves to OTC Bulletin Board
ATLANTA--HUGHES Telematics, Inc. (NYSE Amex: HTC) today announced that it has given formal notice to NYSE Amex, LLC (the âExchangeâ) of the Companyâs intention to voluntarily delist its common stock, warrants and units from the Exchange and take appropriate actions for its securities to be quoted on the ... Continue reading
Stabenow Bill Trades Cash for Gas-Guzzlers
Washington DC May 22, 2009; The AIADA newsletter reported that Sen. Debbie Stabenow of Michigan introduced cash-for-clunkers legislation on Thursday that would provide vouchers of up to $4,500 toward the purchase of a more fuel-efficient car or truck. According to the Detroit Free Press, the legislation comes as an ide ... Continue reading
Over 750 Signed Up to Attend First Annual Fleetwood MotorHome Association National Rally In June
RIVERSIDE, Calif., May 22 -- Fleetwood Enterprises' RV Group, a leading producer of recreational vehicles, today announced that over 350 coaches, representing over 750 motor home owners, vendors and suppliers, have signed up to attend the Fleetwood MotorHome Association's (FMA) "Wind Your Way to Wyoming" first national ... Continue reading
Cars of the Stars on Display at the Concours d'Elegance at The Americana at Brand
LOS ANGELES--On Sunday, May 31, Caruso Affiliated will host its second annual Concours dâElegance presented by the prestigious Petersen Automotive Museum at The Americana at Brand in downtown Glendale. From 11a.m. to 4p.m. visitors will get an up close look at 25 rare and classic convertibles many of which have ei ... Continue reading
Safe Riding Tips from the ATV Safety Institute as Summer Riding Season Begins this Holiday Weekend
IRVINE, Calif.--As the nation prepares to enjoy the Memorial Day holiday weekend, the All-Terrain Vehicle Safety Institute, along with the major manufacturers and distributors of ATVs in the United States, would like to reinforce the importance of safe and responsible use of ATVs this weekend. There are nearly nine mil ... Continue reading
TW Steel Presents the Grand Prix Ball Incorporating the Miss TW Steel Grand Final - Video Enhanced
Amsterdam, May 20, 2009: TW Steel, the Dutch watch brand specializing in oversized watches, announced today that it will be the presenting partner for the Grand Prix Ball, one of the highlights of the Formula One calendar, with this yearâs event hosted at Stowe House the night before the British Grand Prix at Silv ... Continue reading
Seat Supports National Family Week - 25-31 May
SEAT UK is giving its backing to the inaugural National Family Week - which kicks off on Bank Holiday Monday (25 May) with a variety of exciting events nationwide including an audacious attempt on an official Guinness World Record. ... Continue reading
Ssangyong Motor Gets Go Ahead To Restructure
SsangYong Motor (SYMC) today cleared a significant hurdle in its restructuring plans when a South Korean court gave its approval to put the plans into action. ... Continue reading
Bosch Awarded as Best Supplier from Temot International Autoparts
Bosch has received the “Quality Award“ for the best overall performance as supplier to Temot International Autoparts. Temot International is a strategic network with 23 leading warehouse distributors of automotive spare parts, who do business in 33 countries. ... Continue reading
Mazda UK Announces Sponsorship of the British Aerobatics Foundation Scholarship Scheme
Mazda UK announces sponsorship of the British Aerobatics Foundation (BAeF) Scholarship Scheme which is set up to coordinate the fundraising that assists talented young pilots in entering the highly skilled sport of aerobatics. ... Continue reading
Citroen Creates a Unique Concept Car Configurator for the DS INSIDE
Citroën announces the opening of DS INSIDE Design Studio on www.dsinside.citroen.com. This new configurator is responsive, fun and allows the user to shape, create and to collect versions of the concept car as they image it. ... Continue reading
USA Today: Safety Could Suffer if Cars Get Smaller
Washington DC May 22, 2009; The AIADA newsletter reported that the Obama administration's sweeping fuel-economy and emissions initiative announced Tuesday reopens a fierce debate over tradeoffs between fuel economy and auto safety. According to USA Today, some safety experts say the sale of more small cars, which are m ... Continue reading
SpongeTech(R) Delivery Systems, Inc. to Air on HSN in May
SpongeTech(R) Auto Care Products Featured on the HSN NEW YORK, May 22 -- SpongeTech(R) Delivery Systems, Inc. America's Cleaning Company(TM), (OTC:SPNG) (BULLETIN BOARD: SPNG) is pleased to announce that multi-channel retailer, HSN, will be featuring the SpongeTech(R)'s Auto Care products next Tuesday, May 26, 2009, ap ... Continue reading
Minnesota Enacts Lifesaving Seat Belt Law
Legislation honors former GHSA Chairman Kathy Swanson WASHINGTON, May 22 /PRNewswire-USNewswire/ -- The following is a statement from Vernon F. Betkey, Jr., Chairman of the Governors Highway Safety Association (GHSA): Yesterday, Minnesota Governor Tim Pawlenty signed the Kathryn Swanson Seat Belt Safety Act -- named in ... Continue reading
Date: Friday, May 22, 2009; starting at 3:20 p.m. What: Ohio Gov. Ted Strickland and Dr. Ed Montgomery, President Barack Obama's director of recovery for auto communities and workers, will visit the site of The Goodyear Tire & Rubber Company's new corporate headquarters. While there, they will be taken to Goodyear's te ... Continue reading
Governor Rendell Says Pennsylvania is Committed to Keeping Harley-Davidson in York
Asks Top State Official to Meet with Company's CEO HARRISBURG, Pa., May 22 /PRNewswire-USNewswire/ -- Governor Edward G. Rendell, expressing a commitment to the future of Harley-Davidson's York plant, has directed his top economic development official to meet with the company's management and has put the full range of ... Continue reading
DUBLIN--Research and Markets (http://www.researchandmarkets.com/research/eb7a63/analyzing_the_biof) has announced the addition of the "Analyzing the Biofuel Industry in India" report to their offering. Biodiesel is a hot topic internationally as well as in India. Since the beginning of the 2000s, the Government of Indi ... Continue reading
Pittsburgh Glass Works (PGW) and Daimler AG form Strategic Partnership for Automotive Glazing
Innovative new business model for glass sourcing builds on existing relationship PITTSBURGH, May 22 -- PGW LLC and Daimler AG have entered into a new OEM/supplier strategic partnership for the supply of automotive glass. Under this new multi-year business model, PGW will be the main supplier of windshields, and laminat ... Continue reading
Magna Purchase Plan Calls For 10,000 Job Cuts at Opel in Europe
BERLIN, May 22, 2009; Andreas Moeser writing for Reuters reported that Magna International's concept for German carmaker Opel foresees 10,000 jobs cuts in Europe, including 2,500 in Germany, Rhineland-Palatinate state premier Kurt Beck said on Friday. A competing offer by Italian carmaker Fiat included plans for 12,000 ... Continue reading
Conflict over Conti-Stöcken Settled
In the conflict surrounding commercial vehicle tire production at Continental's Hanover-Stöcken plant, company management, the IG BCE trade union and employee representatives have come to terms on a solution. The compromise package makes use of all instruments the labor market provides and opens up prospects for 2010. ... Continue reading
Mitsubishi Interested in Supplying Vehicles to Saturn Dealerships
Washington DC May 22, 2009; The AIADA newsletter reported that according to The Detroit News, Japanese automaker Mitsubishi Motors Corp. is in talks to supply vehicles to Saturn dealers if the brand and dealer network is sold this year. Mitsubishi is among several manufacturers, including Nissan, talking to parties int ... Continue reading
GMSA Commemorates International Memorial Week
General Motors South Africa (GMSA) commemorated the International Candlelight Memorial Week at the company's two plants this week. The Candlelight Memorial event is held annually to honour the lives of those lost to Aids related illnesses, support to people living with HIV and to raise social consciousness about the di ... Continue reading
Bigger Cars Equal Bigger Savings With Scrap Programmes at Chevrolet
Chevrolet has long given you more car for your money, but now it's offering you more money for your car as well... Customers ordering a new family-sized Chevrolet from participating retailers before the end of June are set to benefit from even bigger discounts on top of the £2,000 cash-for-scrap funding announced by t ... Continue reading
Renault Supports Police Initiative To Reduce Young Driver Road Casualties
With an unrivalled record of 11 cars with five-star Euro NCAP crash test ratings to its name, Renault leads the way in safety. With a strategy focusing on four main areas: accident prevention, corrective action, occupant protection and road safety awareness, Renault is always searching for new solutions to everyday mot ... Continue reading
The VW Scirocco on the Nordschleife: Unique 'Green Hell' Video Clip
Ahead of the Nürburgring 24-hour race which takes place this weekend, Volkswagen Motorsport has released a unique video clip of part of the world's most difficult race track, aptly named the 'Green Hell'. The Nordschleife of the Nürburgring, which was inaugurated in 1927, meanders up and down through the Eifel landsc ... Continue reading
BMW Group UK has added the new On-Demand Mileage Reporting System from Trafficmaster to the Trackstar stolen vehicle tracking system already available as an accessory option on all BMW and MINI models. ... Continue reading
The 'SEAT Classroom' Comes to the Polytechnic University of Catalonia
The 'SEAT classroom' today reached the Barcelona Higher Technical College for Industrial Engineering (ETSEIB) of the Polytechnic University of Catalonia (UPC) to show students there the integrated development and production process of a vehicle, from the initial idea on the designer's drawing board to the final custome ... Continue reading
BMW is once again defining a brand-new segment in the automobile market. The BMW 5 Series Gran Turismo combines elegance, space, comfort and variability in truly unique style. As an attractive, future-oriented extension of the BMW 5 Series, the BMW 5 Series Gran Turismo is quite unparalleled worldwide in the upper midd ... Continue reading
U.S. Gov. Team to Work With GM Ahead of June 1 Deadline
General Motors Corp into bankruptcy next week and the outcome of the automaker's restructuring efforts may not be known until a June 1 deadline, a source familiar with the situation said early on Friday. Earlier, the Washington Post, citing sources familiar with the discussions, reported that the Treasury Department wo ... Continue reading
Magna, GM, Russian Partners: Opel Sale Details Emerge
BERLIN, May 22, 2009; Christiaan Hetzner writing for Reuters reported that Canadian-Austrian car parts group and asembler Magna said on Friday that under its plan for Opel, U.S. parent GM (GM.N) and Russian partners would each hold 35 percent stakes, while it would take 20 percent and employees 10 percent. Magna co-CEO ... Continue reading
Chrysler LLC Update Regarding Current Condition of Chrysler LLC Dealer Network
AUBURN HILLS, Mich., May 21 -- The following are details on the current condition of Chrysler LLC dealer network. Comments can be attributed to Steven J. Landry, Executive Vice President, North American Marketing and Mopar Parts and Service - Chrysler LLC: "The automotive industry cannot support the number of dealers c ... Continue reading
Audi S3 Sportback, Now With S tronic Gearbox
A milestone in transmission technology is now available in the Audi S3 Sportback model in Australia. The S tronic dual clutch transmission unites the powerful two-litre TFSI engine with the road in a manner that is both sporty and efficient. This ensures quicker acceleration, high agility and ride comfort along with im ... Continue reading
Group Lotus Business is Bouyant
Monday, 4th May 2009 saw the beginning of a two-week long press launch of the long-awaited new Lotus Evora at Loch Lomond in Scotland, a launch which has now been hailed as a huge success for the company. ... Continue reading
Consumer Reports Offers Top 40 Best American-Made Car Deals for Memorial Day Weekend
11 brands offer best savings on recommended cars; Ford most prominent with 10 models included YONKERS, N.Y., May 21 /PRNewswire-USNewswire/ -- Memorial Day is a time for Americans to commemorate the sacrifices made by men and women to protect our freedoms and values. And traditionally, the holiday is associated with di ... Continue reading
Fuji Heavy (Subaru) eyes GM, Chrysler Dealerships
TOKYO, May 22, 2009; Mayumi Negishi writing for Reuters reported that Japan's Fuji Heavy Industries Ltd (7270.T) said on Friday that turmoil among U.S. dealers who face losing their contracts with Chrysler [CBS.UL] and General Motors Corp (GM.N) could present new opportunities for the maker of Subaru cars. Shares of Fu ... Continue reading
Report Says Obama Administration Steering GM toward Bankruptcy
WASHINGTON May 21, 2009; John Crawley writing for Reuters reported that the Washington Post on Thursday, citing sources familiar with the discussions said the Obama administration is preparing to steer General Motors Corp into bankruptcy next week. Under the GM draft bankruptcy plan, the company would receive just shor ... Continue reading
Global Automotive Markets Beginning to Show Signs of Recovery WESTLAKE VILLAGE, Calif., May 21 -- While the rate of decline in new-vehicle retail sales has slowed in May, compared with the previous 12 months, a high level of consumer uncertainty remains, which has led to a flattening of retail sales and a projected del ... Continue reading
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