ADVISORY/October Deemed the Most Dangerous Month in Texas for Teen Drivers
-- WHAT & WHY: For the past 25 years, October has been found to be the most dangerous month for teen drivers in Texas. AAA Texas looked at statistics dating as far back as 1975, and found that on average more teens, aged 15 to 17, are killed or injured in October than any other month of the year. In light of this findi ... Continue reading
WESTLAKE VILLAGE, Calif.--Oct. 23, 2002--Diodes Incorporated , a leading manufacturer and supplier of high quality discrete semiconductors, today announced the release of a comprehensive line of three Ampere and five Ampere Powermite(R)3 Schottky barrier rectifiers. The new Powermite(R)3 Schottky barrier line, which us ... Continue reading
SHREVEPORT, La.--Oct. 23, 2002--EquityOutlook.Com (IARD#118718) - www.equityoutlook.com - evaluates the following stocks: (Get FREE ratings at http://www.equityoutlook.com/index.htm) The Home Depot - Outperform Qwest Communications - Outperform General Motors - Outperform JDS Uniphase - Outperform Sears, Roebuck and Co ... Continue reading
Multimedia Available: OnStar to the Rescue
-- Automobile collisions on rural roads account for 60 percent of the nation's fatal crashes, yet only 20 percent of all accidents occur on these roads. Speeds are faster and it often takes emergency crews much longer to find the victims. However, that is changing -- some automakers are offering integrated in-vehicle s ... Continue reading
Pridgeon & Clay Streamline Die/Blank Process Operations In Joint Effort With Altair Engineering
TROY, Mich.--Oct. 23, 2002--In a joint project with Altair Engineering, Inc. that began in August of this year, Pridgeon & Clay, a Grand Rapids-based supplier of stamped and fine blanked components to the auto industry, has announced an improvement to the die development process using Altair's HyperForm(R) sheet metal ... Continue reading
Wescast Delivers Strong Third Quarter Results
BRANTFORD, Ontario--Oct. 23, 2003--Wescast Industries Inc. reported strong earnings for the third quarter 2002. "I am extremely pleased with the Company's performance," said Ray Finnie, President and CEO. "We experienced strong customer demand during the third quarter and achieved superior financial results, despite si ... Continue reading
ADVISORY/What Has the Recession Meant to Temporary Workers -- Especially Workers of Color?
DETROIT-- ACT-1 CEO Janice Bryant Howroyd Available to Provide Commentary During Rainbow/PUSH Automotive Symposium At the Rainbow/PUSH Coalition's Annual Automotive Symposium and Strategic Partner Reception this week, Janice Bryant Howroyd -- founder and CEO of ACT-1 Group, the nation's largest woman/minority owned emp ... Continue reading
Ballard Power Systems Announces Third Quarter 2002 Conference Call
VANCOUVER, British Columbia--Oct. 23, 2002-- Ballard Power Systems will hold a conference call to discuss its third quarter results on Wednesday, October 30, 2002 at 6:00 a.m. PST (9:00 a.m. EST). Access to the call may be obtained by calling the operator at (416) 640-4127 prior to the scheduled start time. A playback ... Continue reading
Consumer Portfolio Services, Inc. Reports Third Quarter 2002 Earnings
IRVINE, Calif.--Oct. 23, 2002-- Continued Growth in Revenues and Net Income Consumer Portfolio Services, Inc. today announced earnings for its third quarter, ended September 30, 2002. For the three months ended September 30, 2002 total revenues increased approximately $11.8 million, or 82%, to $26.0 million, compared t ... Continue reading
MONTERREY, Mexico--Oct. 23, 2002--Grupo Imsa, S.A. de C.V. today announced results for the third quarter of 2002. Unless otherwise stated, all figures are presented in millions of Sept. 30, 2002 pesos (Ps), or in millions of nominal U.S. dollars(a) (US$). Third Quarter 2002 Highlights -- In nominal dollars, both revenu ... Continue reading
Hilco Capital LP Announces Funding $11 Million to Trim Trends Co. LLC
CHICAGO--Oct. 23, 2002--Theodore L. Koenig, President and Chief Executive Officer of Hilco Capital LP, announced the completion and funding of a $9 million junior term credit facility for the benefit of Trim Trends Co. LLC. Trim Trends obtained the Hilco Capital facility in conjunction with a new $22 million credit fac ... Continue reading
OSHKOSH, Wis.--Oct. 23, 2002--Oshkosh Truck Corporation announced that it will present its growth strategies at the Goldman Sachs Global Capital Goods Conference October 30-31, 2002. Robert G. Bohn, Oshkosh chairman, president and chief executive officer, and Charlie Szews, executive vice president and chief financial ... Continue reading
HAZLET, N.J.--Oct. 23, 2002--Precision Partners, Inc. today announced the award of a five-year, $10 million contract to produce forward regenerator housings for the AGT-1500 gas turbine used by the US Army's Tank-Automotive & Armaments Command (TACOM) as the primary propulsion source for its main battle tank, the Abram ... Continue reading
Standard Motor Products, Inc. Announces Schedule for Quarterly Release and Conference Call
NEW YORK--Oct. 23, 2002--Standard Motor Products, Inc. automotive replacement parts manufacturer and distributor, is scheduled to report its earnings for the three months ended September 30, 2002 on Thursday, October 24, 2002 after the close of the stock market. Management will hold a conference call at 10:00 AM, Easte ... Continue reading
U.S. Can Announces Management Changes
LOMBARD, Ill.--Oct. 23, 2002--U.S. Can announced that Paul Jones has resigned as Chief Executive Officer and Chairman of U.S. Can Corporation and from all other management and board positions with U.S. Can and its subsidiaries. Mr. Jones is leaving the Company to pursue a number of professional and personal opportuniti ... Continue reading
Dover Motorsports, Inc. Declares Quarterly Dividend
DOVER, Del., Oct. 23, 2002; Dover Motorsports, Inc. Board of Directors today declared a quarterly cash dividend on both classes of common stock of $.01 per share. This represents a reduction in the dividend rate from the previous $.02 per share. The dividend will be payable on December 10, 2002 to shareholders of recor ... Continue reading
World's First Parallel Hybrid-Electric Articulated Bus Joins King County Metro Transit Fleet
FOR RELEASE: October 23, 2002 World's First Parallel Hybrid-Electric Articulated Bus Joins King County Metro Transit Fleet Seattle - At a ceremony today, King County Metro Transit added the world's first parallel hybrid-electric powered 60-foot articulated bus to its fleet. The ceremony marked the delivery of the bus t ... Continue reading
Toyota has record H1 current profit
NEW YORK, Oct 23, 2002 Reuters reported that Toyota Motor Corp is expected to post a record group current profit of 760 billion yen ($6.1 billion) in the six months ended September due to cost cutting and a stellar U.S. performance, according to the Nihon Keizai Shimbun. Toyota, Japan's largest and the world's third-bi ... Continue reading
Ford Plans Incentives on Smaller Engines to Meet Fuel-Economy Standard
Wednesday , 2:46 pm ET By , Staff Reporter of The Wall Street Journal DETROIT, October 23, 2002 Norihiko Shirouzu wrting for the WSJ reported that Ford Motor Co. should be able to meet the government's fuel- economy standard but will have to offer "a ton of incentives" on vehicles equipped with V6 and smaller engines t ... Continue reading
Jaguar, BMW, GM and Aluminum Execs Address Advances in Automotive Aluminum Design
New Aluminum Jaguar XJ 'Body-in-White' Shown at Industry Event LIVONIA, Mich., Oct. 23, 2002 -- For the first time in North America, Jaguar today exhibited the aluminum "body-in-white" for its new flagship XJ sedan at the 23rd Annual Automotive Aluminum Design and Fabrication Seminar. In addition to Jaguar, the seminar ... Continue reading
FordDirect CEO Devon Cohen to Discuss Trends In the Remarketing Industry, Oct. 28
SAN DIEGO, Oct. 23, 2002 -- FordDirect CEO Devon Cohen will be talking tech and remarketing trends with the industry's key executives at this year's iRemarketing Conference, held Oct. 27 - 29, at the Hyatt Regency Islandia. WHO: In March 2001, Cohen became CEO of FordDirect, a unique partnership between Ford and its de ... Continue reading
Victims in 15-Passenger Church Van Rollover Reach Settlement With DaimlerChrysler, Michelin
WICHITA FALLS, Texas, Oct. 23, 2002- The following press release is being issued by the Corpus Christi, Texas, law firm of Perry & Haas, L.L.P.: Victims in a 15-passenger van rollover lawsuit reached a settlement Tuesday with DaimlerChrysler and Michelin. The amount and terms of the settlement were not disclosed. "The ... Continue reading
Toyota To Build New SUV Plant In Southern US
NEW YORK October 23, 2002, Dow Jones reported that Toyota Motor Corp. plans to build its sixth North American plant in a southern U.S. state and begin operating it in 2005 at the earliest, Kyodo News agency reported Wednesday, citing company sources. The new plant will produce large sport-utility vehicles at an annual ... Continue reading
LOS ANGELES, Oct. 23, 2002; Keith Code, founder of the California Superbike Schools (www.superbikeschool.com), reports that motorcyclists in Norway will soon be riding with a lot more skill and confidence. Five members of the Norwegian Department of Public Roads who attended Code's classes in Rockingham, UK last August ... Continue reading
Brilliance China Automotive - Comments on Arrest Warrant for Executive
HONG KONG, Oct. 23, 2002 The trading of the ordinary shares of Brilliance China Automotive Holdings Limited on the Stock Exchange of Hong Kong Limited was suspended today in order to allow the Company to address (i) the effect of the recent notification to the directors of the Company that a warrant has been issued by ... Continue reading
GM Honored By The Texas Chapter of The Nature Conservancy
FOR RELEASE: October 23, 2002 Award Accepted At Largest Annual Nature Conservancy Luncheon Event In Nation HOUSTON - The Texas chapter of The Nature Conservancy gathers at the Hyatt Regency today to honor General Motors with its 2002 Conservation Leadership Award for donating Chevy Suburbans and other GM vehicles to th ... Continue reading
Safe-Driving Campaign Urges Americans to 'Take the Pledge to Slow Down,' Before Halloween
IRVINE, Calif.--Oct. 23, 2002-- Concerned Citizens Can Sign Online Contract to Observe Neighborhood Speed Limits -- and Send it to Five Friends According to the National Highway Traffic Safety Administration, more people now die in drunken driving accidents during Halloween than on New Year's Eve, making October 31st a ... Continue reading
Super Sunday Indy Automotive Swap Meet and Car Sale
INDIANAPOLIS, Oct. 17 -- October 27th - 8:00AM-3:00PM at the Indiana State Fairgrounds, West Pavilion, Indianapolis, Indiana. Indiana's largest all indoor Automotive Swap Meet and Car Sale. Over 800 spaces (l0xl2) $40, Car Sale $40. ... Continue reading
GM's Vauxhall:Break Even in 2002
BY BRIAN LYSAGHT BLOOMBERG BIRMINGHAM, England October 23, 2002; Brian Lysaght writing for Bloomberg reports that General Motors Corp.'s Vauxhall division expects to break even this year, helped by more vehicle sales and lower costs, said Vauxhall Managing Director Kevin Wale. "We've made excellent progress this year," ... Continue reading
Fiat: Auto Unit Loses a Third of Capital
MILAN October 23, 2002; Reuters reported that Italian industrial group Fiat confirmed Tuesday its spluttering auto unit had made a loss of at least one third of its capital but said it would not break out figures until a Fiat board meeting on Oct. 31. Under Italian corporate law, a company which makes a loss equivalent ... Continue reading
Jaguar Aiming to Cut $1,000 Costs Out Of Each Car
BIRMINGHAM, England October 23, 2002; Brian Lysaght writing for Bloomberg reported that Ford Motor Co.'s unprofitable Jaguar unit wants to trim costs by as much as $1,000 a vehicle, or about $100 million, by reducing waste and sharing parts and supplies with the world's second-largest automaker's other brands, an execu ... Continue reading
China Seeks Arrest of Brilliance China Automotive Holdings Executive
HONG KONG, Oct 23, 2002 Tan Ee Lyn writing for Reuters reported that Chinese authorities want to arrest auto executive Yang Rong, one of the country's richest men, for alleged involvement in economic crimes, in their latest crackdown on high-profile tycoons. China's largest van maker, Brilliance China Automotive Holdin ... Continue reading
DaimlerChrysler raises 2002 revenues forecast
FRANKFURT, Oct 23, 2002 Reutersm reports that DaimlerChrysler AG said it expected 2002 revenues to amount to about 150 billion euros ($146.6 billion), raising its forecast from about 143 billion previously. The world's fifth largest automaker reported revenues of 152.9 billion euros in 2001. The company earlier posted ... Continue reading
42V Belt Alternator Starter Helps Improve Fuel Economy And Lower Engine Emissions
TROY, Mich., Oct. 23, 2002; Delphi Corp.will debut its Energen 42V Belt Alternator Starter System in booth #401 at Convergence 2002, Oct. 21-23, at Cobo Center, in Detroit. The system replaces a conventional vehicle's existing starter and generator with a single, high- power belt driven motor/generator, providing an 8- ... Continue reading
SEMA 2002: SportRack Automotive Showcases Innovative Accessory Designs
STERLING HEIGHTS, Mich., Oct. 23, 2002; SportRack Automotive (SRA) will be introducing the inclusion of several new versatile accessory items into its already diverse line of multi-sport lifestyle accessory products at the SEMA 2002 Show in Las Vegas November 5-8. These products, which will be manufactured at the Sport ... Continue reading
Johnson Controls Achieves 2002 Sales of $20 Billion And EPS Record of $6.35
MILWAUKEE, Oct. 23, 2002 ;Johnson Controls, Inc. today reported record sales and net income for the fourth quarter and full year of 2002.The achievements qualified as the company's 56th consecutive year of sales increases, its 12th straight year of record earnings and the 27th consecutive year of dividend increases.Jam ... Continue reading
GM's Opel Offers Cheap Financing Amid Harsh Competition
RUESSELSHEIM,October 23, 2002; Beth Demain Reigber wrting for Dow Jones reported that General Motors Corp.'s German affiliate Adam Opel AG Wednesday said it has bowed to competitive pressure and, like some rivals, has expanded a cheap-financing sales incentive. Starting this month, Opel is offering 0.9%-interest financ ... Continue reading
Volvo Q3 sales, profit to jump but outlook cloudy
STOCKHOLM, Oct 23, 2002; Peter Andersson writing for Reuters reported that Sweden's AB Volvo, the world's second-biggest truck maker, is likely to announce on Thursday it swung to a third-quarter profit thanks to a jump in North American sales. But investors might not be cheering. The increase reflects purchases made b ... Continue reading
American Axle & Manufacturing Announces Record Third Quarter Earnings, Up 37%
DETROIT, Oct. 23, 2002-- American Axle & Manufacturing Holdings, Inc. (AAM), traded as AXL on the NYSE, today reported record third quarter earnings of 70 cents per share for 2002. This represents an increase of 37% compared to the 51 cents earned in the third quarter of 2001. Sales in the third quarter hit a record le ... Continue reading
Ceradyne, Inc. to Announce 2002 Third Quarter Results on October 28, 2002
COSTA MESA, Calif.--Oct. 22, 2002--Ceradyne, Inc. will release results for the third quarter ended September 30, 2002, on the morning of Monday, October 28. The Company will also hold a teleconference to discuss the financial results and future plans and prospects. Any investor or interested individual can listen to th ... Continue reading
Edelbrock Corporation Schedules Release of Earnings for First Quarter Fiscal 2003 Conference Call
TORRANCE, Calif.--Oct. 22, 2002--Edelbrock Corporation today announced that it will release earnings for its First Quarter Fiscal 2003, before the market opens on November 1, 2002. Senior management consisting of Vic Edelbrock, President and Chief Executive Officer, and Jeffrey L. Thompson, Executive Vice President and ... Continue reading
-- Americans spend an average of more than three hours each day listening to the radio. Now satellite radio is changing what we hear and giving our old radio a whole new sound. This next generation radio system, featured at the Convergence 2002 global transportation electronics conference this week, can give your car, ... Continue reading
TACOMA, Wash. & GOLD RIVER, Calif.--Oct. 22, 2002--SAGEM Morpho and NEC Solutions (America), Inc., providers of biometric solutions and services, today announced a biometric driver's license interoperability demonstration presented at the recent Annual American Association of Motor Vehicle Administrator's (AAMVA) Confe ... Continue reading
PARIS--Oct. 23, 2002-- Pechiney (PY)(PECH.PA)(PCHO)(SICOVAM:13290) -- The Acquisition Will Total an Expected Amount (At the Date of the Closing) of 750 Million Euros, Financed by Debt -- The Transaction Will be Strongly EPS Enhancing as of the First Year (7% in 2003 and 12% in 2004, Before Goodwill Amortization) -- Pec ... Continue reading
Car Crashes the Leading Cause of Death for Latino Children
WASHINGTON--Oct. 23, 2002--In a letter published today in the nation's leading medical journal, AAA noted that a prominent study on the health issues of Latino children failed to mention the number one public health threat to this population -- car crashes. As one of the foremost advocates of traffic safety, AAA submit ... Continue reading
DETROIT--Oct. 23, 2002-- SMARTwireX Physical Layer Module Provides Fast, Cost-Effective Means to Connect Optical-Networked Devices Over Low-Cost Electrical Cables Communication and Control Electronics (C&CE), the leading supplier of multimedia and telematics network access solutions to the automotive industry, today an ... Continue reading
Nissan Announces 84% Increase in Operating Profit; NISSAN 180 Achieves 10.6% Operating Margin
TOKYO--Oct. 23, 2002--Nissan Motor Company announced today that it expects to report an 84% increase in operating profits for the first half of fiscal year 2002, to 348 billion yen (US $2.8 billion, euro 3.0 billion). Record profits are attributed to a combination of higher volumes from new products, more efficient ope ... Continue reading
Government upgrades investigation into 1997 Grand Cherokee
WASHINGTON, October 23, 2002 Reuters is reporting that the U.S. Federal government announced Tuesday that it is stepping up its investigation into the 1997 Jeep Grand Cherokee because its hood may open unexpectedly while the vehicle is moving. Nineteen people complained about the problem, but no injuries or accidents w ... Continue reading
Study: German drivers happiest with Japanese cars
FRANKFURT, October 23, 2002, Reuters reported that although they may live in the country that designs and builds furiously fast Porsches, elegant Mercedes and sleek BMWs, but German drivers are happiest at the wheel of a Japanese car, a study said on Tuesday. Automotive market research group J.D. Power said its survey ... Continue reading
Britain's MG Rover unveils powerful new sports car
LONDON, Oct 22, 2002; Reuters reported that MG Rover Group Ltd unveiled a new sports car on Tuesday with more grunt under its bonnet than most rival cars, the two-seater MG XPower SV. Prices for the machine, capable of exceeding 200 miles per hour (320 kph), begin at 65,000 pounds ($100,500). The independent British ca ... Continue reading
Trading in Brilliance China Suspended
HONG KONG, Oct 23, 2002 Reuters is reporting that trading in the shares of China's largest minivan maker Brilliance China Automotive Holdings Ltd was suspended on Wednesday, the Hong Kong stock exchange said. The company said earlier that Chinese authorities had approved the arrest of its former chief Yang Rong for sus ... Continue reading
Pocket Rockets Raise Demand for Underhood Components, Says Frost & Sullivan
SAN JOSE, Calif., Oct. 22, 2002; -- Surging vehicle and enthusiast participation in sport compact tuning is exerting a positive spillover effect on the sport compact tuning underhood component segment. New analysis from Frost & Sullivan (http://www.transportation.frost.com ), North American Sport Compact Underhood Comp ... Continue reading
Michelin, DaimlerChrsyler settle U.S. suit
WICHITA FALLS, Texas, Oct 22, 2002; Reuters reported that the families of four women killed and eight others injured when their church van rolled over reached an out-of-court settlement on Tuesday with French tiremaker Michelin (Paris:MICP.PA - News) and automaker DaimlerChrysler AG (XETRA:DCXGn.DE - News; NYSE:DCX - N ... Continue reading
O'Reilly Automotive Reports Record Sales and Earnings for 3rd Quarter
SPRINGFIELD, Mo.--Oct. 22, 2002--O'Reilly Automotive, Inc. ("O'Reilly" or "the Company") today announced record revenues and earnings for the third quarter of 2002, representing 36 quarters of record revenues and earnings for O'Reilly since becoming a public company in April 1993. Net income for the third quarter ended ... Continue reading
Business Editors NOTE TO MEDIA: Multimedia assets available NEW YORK--Oct. 22, 2002-- Leading Experience Brands Differ Sharply from Traditional Brand Rankings Saturn, Gateway, Wal*Mart Lead the Field Wunderman (www.wunderman.com) today announced the results of a groundbreaking research initiative, the Wunderman Brand E ... Continue reading
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