George Brenski: Snap-on Tools' Sales Policies Threaten the Company's Future
CHICAGO, April 23 -- This release is being issued by George Brenski: In letter mailed this week to more than 200 institutional investors of Snap-on, Inc. , veteran dealer and shareholder George Brenski warned that the tool company's management policies are pumping up short-term sales while undermining long-term prospec ... Continue reading
Eaton Declares Quarterly Dividend
CLEVELAND--April 23, 2003--Diversified industrial manufacturer Eaton Corporation's Board of Directors today declared a regular quarterly dividend of $.44 per common share, payable on May 23, 2003 to shareholders of record on May 5, 2003. Eaton has paid dividends on common shares every year since 1923. Eaton Corporation ... Continue reading
NYTimes.com Launches 'DriveTimes' E-Mail Newsletter
NEW YORK--April 23, 2003--NYTimes.com announced today that it has launched "DriveTimes," a weekly e-mail newsletter and editorial feature with industry news and auto reviews from The New York Times. Written in a compendium format, DriveTimes will be both a weekly e-mail and a feature on the autos section of the Web sit ... Continue reading
Navistar's Chief Executive Officer Assumes Operating Responsbility for Company's Truck Group
WARRENVILLE, Ill.--April 23, 2003--Navistar International Corporation , the nation's largest commercial truck, school bus and mid-range diesel engine producer, today announced that Daniel C. Ustian, president and chief executive officer, has assumed operating responsibility for the company's truck group, effective imme ... Continue reading
CHERRY HILL, N.J., April 23 -- Subaru of America, Inc., the only manufacturer to have all-wheel drive as standard equipment on every vehicle they make, announced today Manufacturer's Suggested Retail Pricing (MSRP) for the 2004 Impreza WRX STi. The all-wheel drive WRX STi with a standard six-speed manual transmission i ... Continue reading
ATX Unveils First Voice-Activated Vehicle Owner's Manual
Telematics-Based E-Owner's Manual Designed to Help Promote Unfamiliar Vehicle Features DALLAS and FORT WORTH, Texas, April 23 -- ATX, the world's leading independent provider of telematics services, today unveiled the first electronic vehicle owner's manual (or e-owner's manual) to provide drivers access to their vehic ... Continue reading
Reynolds and Reynolds Reports Record Second Quarter Results
EPS Increases 8 Percent Live Webcast at 11:00 a.m. EDT conference call, and replay, available at reyrey.com DAYTON, Ohio, April 23 -- The Reynolds and Reynolds Company today reported net income of $29.5 million or 42 cents per share for the second fiscal quarter ended March 31, 2003. Earnings per share were 8 percent a ... Continue reading
MSN Autos Channel Reaches Traffic Milestone in First Three Months of 2003
Record-Breaking 17 Million Consumers Visit Autos Channel of MSN in January* To Leverage Comprehensive Research, Buying and Ownership Services REDMOND, Wash., April 23 -- The MSN(R) Autos service, the world's largest network of automotive research, buying and ownership services, today announced it attracted a record num ... Continue reading
Wind River Unveils WIND RIVER PLATFORM for Car Infotainment
SAN FRANCISCO--April 23, 2003--Wind River Systems, Inc. Market-Specific Integrated Embedded Platform Helps Automotive Industry Accelerate Development for Next Generation Car Information, Navigation and Entertainment Systems Synopsis: -- Wind River representatives will be available at the Embedded Systems Conference, Sa ... Continue reading
FinishMaster Announces First Quarter Financial Results
INDIANAPOLIS--April 23, 2003--FinishMaster, Inc. today reported that net income for the first quarter of 2003 decreased 11 percent, to $2,773,000, or $0.35 per share, compared with net income of $3,124,000, or $0.40 per share, for the first quarter of 2002. "We began 2003 with soft market conditions in the industry as ... Continue reading
Hot Wheels Hall of Fame Exhibit Debuts at the Petersen Automotive Museum
Asset Caption: The 1969 Volkswagen Beach Bomb Rearloader prototype, the world's most valuable Hot Wheels car, sold at auction for $72,000 (production version originally sold for $.69), will be featured at the first-ever permanent Hot Wheels exhibit, the Hot Wheels Hall of Fame, opening at the Petersen Automotive Museum ... Continue reading
ArvinMeritor Reports Fiscal Year 2003 Second-Quarter Results
TROY, Mich., April 23 -- ArvinMeritor, Inc. today reported sales of $2.0 billion and net income of $24 million, or $0.36 per diluted share, for its second fiscal quarter ended March 31, 2003. Sales increased $306 million, or 18 percent, as compared to last year's second quarter. The company's acquisition of the remaini ... Continue reading
GlobalAutoIndustry.com Seminars on China Explore Opportunities, Pitfalls and Cultural Differences
TROY, Mich.--April 23, 2003--With automakers expecting another year of record sales in China, more auto suppliers are expected to jump into the lucrative Chinese market predict GlobalAutoIndustry.com experts. The potential opportunities and pitfalls of entering China's automotive market are explored during a half-day G ... Continue reading
Monaco Coach Corporation Reports First Quarter 2003 Profits
COBURG, Ore., April 23 -- Monaco Coach Corporation today reported revenue and earnings for its first quarter ended March 29, 2003. First quarter earnings per share were 15 cents on revenue of $273.6 million. Gross profit for the first quarter was $33.6 million. Operating income for the first quarter was $8.0 million, a ... Continue reading
HOUSTON--April 23, 2003--Researched by Industrialinfo.com (Industrial Information Resources Incorporated; Houston). All things considered, 2002 wasn't such a bad year in terms of construction or expansion for the U.S. automotive sector. For details on this trend, including a listing of automotive capital projects for 2 ... Continue reading
Nissan Reports 2002 Record Profitability
First year of NISSAN 180 eliminates debt and yields net income of 495 billion yen TOKYO, April 23 -- Nissan Motor Company announced today that it expects to report record operating profits of 737 billion yen (US $6.04 billion, euro 6.25 billion) for fiscal year 2002, which ended March 31, 2003. In announcing its prelim ... Continue reading
Valeo first quarter 2003 results
Paris, April 23 -- - Continuing margin growth Following a meeting of the Board of Directors on April 22, Valeo presented its consolidated accounts for the first quarter 2003. In millions of Euro First Quarter 2003 2002 Variation Sales 2,440 2,550 - 4 / +1.5% (1) Gross Margin 428 422 % Sales 17.5% 16.5% + 1.0 point Oper ... Continue reading
Kelley Blue Book Offers Parents Tips on Buying Cars for Teens
IRVINE, Calif., April 23 -- Buying a car for a teen can be agonizing decision. Understanding that overall cost, safety and reliability are top concerns among parents buying a car for their teen, the new and used car experts at Kelley Blue Book have compiled a few tips to help parents find the right vehicle for the youn ... Continue reading
Optimistic Outlook Lifts Auto Parts Sector
CHICAGO April 22, 2003; Susan Kelly writing for Reuters reported that investors are looking beyond slower U.S. vehicle production in the second quarter and buying shares of auto parts makers, betting an economic recovery will set the stage for a rebound in auto sales, analysts said on Tuesday. With the second week of e ... Continue reading
Sterling Marlin, #40 Coors Light Dodge, Auto Club 500 Advance
Sterling Marlin, #40 Coors Light Dodge Auto Club 500 Advance RACE INFORMATION: EVENT: Auto Club 500 (race 10 of 36) TRACK: California Speedway QUALIFYING: Friday, April 25, 3:00 p.m. PT RACE: Sunday, April 27, 12:00 p.m. PT BROADCAST: FOX television and MRN radio COORS LIGHT TEAM FACTS: * Chassis: The Coors Light team ... Continue reading
CASCAR KICKS OFF RACE SEASON WITH 2003 MEDIA DAY
For immediate release / April 22, 2003 CASCAR KICKS OFF RACE SEASON WITH 2003 MEDIA DAY LONDON, ON - CASCAR will Officially kick-off the Canadian race season with the 2003 CASCAR Media Day, which will be held on Thursday May 1st at the Canadian Motorsports Hall of Fame in Toronto. The Canadian Motorsports Hall of Fame ... Continue reading
Precision Auto Care Announces Sale of Hydro-Spray Subsidiary
LEESBURG, Va., April 22 -- Precision Auto Care, Inc. (BULLETIN BOARD: PACI) today announced that the Company consummated the sale of its car wash manufacturing subsidiary, Hydro-Spray. The specific terms of the agreement were not announced although the Company did say that it was a combination of an upfront payment and ... Continue reading
New Auto Specs Search Product Announced by IDES
LARAMIE, Wyo., April 22 -- IDES Inc. today announced the release of Prospector Auto Specs, a new search application designed for organizations in the automotive segment of the plastics industry that require access to automotive specifications and their approved materials. "IDES remains committed to developing services ... Continue reading
Semaphore Partners Designs New Goodwrench.com Site
Finding Mr. Goodwrench, the One and Only GM Expert, Is Now Easier Than Ever At Goodwrench.com SAN FRANCISCO, April 22 -- General Motors (GM) and Semaphore Partners today announced the re-launch of Goodwrench.com, part of a $40 million re-branding effort for GM's Goodwrench brand. Semaphore Partners, Publicis' premier p ... Continue reading
CCC Information Services Inc. Files Lawsuit Against Mitchell International, Inc.
CHICAGO--April 22, 2003--CCC Information Services Inc., a subsidiary of CCC Information Services Group Inc. , announced today that it has filed a patent infringement lawsuit against Mitchell International, Inc. In its complaint filed today in the United States District Court for the Northern District of Illinois (Easte ... Continue reading
SPRINGFIELD, Mo.--April 22, 2003--O'Reilly Automotive, Inc. ("O'Reilly" or "the Company") today announced record revenues and earnings for the first quarter of 2003, representing 38 quarters of record revenues and earnings for O'Reilly since becoming a public company in April 1993. Net income for the first quarter ende ... Continue reading
PACCAR Increases Quarterly Cash Dividend
BELLEVUE, Wash.--April 22, 2003--PACCAR Inc's Board of Directors today declared a quarterly dividend in the amount of twenty-two cents ($.22) per share, payable on June 5, 2003, to stockholders of record at the close of business on May 19, 2003. The dividend was increased by ten percent, two cents per share ($.02) from ... Continue reading
Subaru Rally Team USA to Debut Two New Open Class Cars at Rim of the World SCCA ProRally
- New Open Class Cars Will Feature More WRC Technology - CHERRY HILL, N.J., April 22 -- Subaru Rally Team USA today announced that they will debut two new Open Class cars at the 2003 SCCA Rim of the World Rally in Palmdale, CA. Returning drivers are Mark Lovell, the 2001 SCCA Open Class driver champion, and Ramana Lage ... Continue reading
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