ADVISORY/ Hispanic Auto Dealers Raise Concerns About Growth in Auto Industry
-- WHAT: A press conference with Hispanic auto dealers to cite their concerns about current inequalities, lack of capital opportunities and growth in the auto industry. Some of the nation's leading Hispanic organizations including the leaders of the U.S. Hispanic Chamber of Commerce, Congressional Hispanic Caucus, Nati ... Continue reading
Fitch Issues Presale Rpt on Honda Auto Receivables 2002-1 Owner Trust
NEW YORK--Jan. 24, 2002--Fitch issued a presale report today on Honda Auto Receivables 2002-1 Owner Trust discussing the rating analysis behind Fitch's expected 'AAA' ratings on the class A notes. The securities are backed by a pool of prime retail installment sales contracts secured by new and used automobiles and lig ... Continue reading
Fitch Rates Capital Auto Receivables Asset Trust 2002-1 'AAA'
NEW YORK--Jan. 24, 2002--Fitch rates the Capital Auto Receivables Asset Trust 2002-1 $579 million floating rate class A-2, $652 million floating rate class A-3, and $469.374 million 4.16% asset-backed notes 'AAA'. The class A-1 notes and certificates are privately placed. The ratings are based upon the available credit ... Continue reading
HARS Subsidiary, VIP International Corporation, Adds 15,824 Hotel Rooms
CALGARY, Alberta--Jan. 24, 2002--Canada-HARS Systems, Inc. (CDNX:HSS), through its wholly owned subsidiary, VIP International Corporation, a proven business generator for hotels and car rental companies around the globe through the Internet, the Global Distribution Systems (GDSs), and VIP International's own Reservatio ... Continue reading
International Rectifier Reports December-Quarter Results
EL SEGUNDO, Calif.--Jan. 24, 2002--International Rectifier Corporation today reported net income of $10.8 million (or $0.17 per share) on revenues of $172.1 million for the quarter ended December, compared to net income of $46.5 million (or $0.71 per share) on revenues of $268.1 million in the comparable prior-year qua ... Continue reading
International Speedway Corporation Files Registration Statement for Secondary Equity Offering
DAYTONA BEACH, Fla.--Jan. 24, 2002--International Speedway Corporation ("ISC") today announced that it has filed a registration statement with the Securities and Exchange Commission for a secondary equity offering of 2,500,000 shares of its class A common stock. The shares will be sold by Penske Performance, Inc., a su ... Continue reading
Investor AB Year-End Report 2001
STOCKHOLM, Sweden--Jan. 24, 2002--Investor's net asset value on December 31, 2001 amounted to SEK 118,284 m. (SEK 154 per share), compared with SEK 144,433 m. on December 31, 2000 (SEK 188 per share). In the fourth quarter, Investor's net asset value increased SEK 16,266 m. The value of all Investor's holdings was SEK ... Continue reading
Bombardier Wins $161-Million-Order for Electric Locomotives and Double-Deck Cars in Germany
MONTREAL--Jan. 24, 2002--BOMBARDIER Bombardier Transportation received an order from the Local Transport Authority of Lower Saxony (LNVG) in Germany for the delivery of 10 locomotives and 66 double-deck cars. The total contract value is approximately $161 million Cdn (Euros 113 million). Deliveries are scheduled to tak ... Continue reading
CogniTens Honored with Photonics Circle of Excellence Award
RAMAT HASHARON, Israel--Jan. 24, 2002--CogniTens Ltd. announced today that it was chosen to be one of the winners of the 2001 Photonics Circle of Excellence Awards, which honors the 25 most technically innovative products of the year. The award is given in recognition of the company's Optigo 100E 3D Measurement System, ... Continue reading
STAMFORD, Conn.--Jan. 24, 2001--Asbury Automotive Group, one of the largest automobile dealership groups in the United States, today announced that its nine regional platforms websites are the recipients of the "Golden Web Awards" for outstanding design, content and originality. The Golden Web Awards are presented by t ... Continue reading
Auto Data Network Announces Letter of Intent to Acquire E-Com Multi Ltd.
TUNBRIDGE WELLS, UK--Jan. 24, 2002--Auto Data Network Inc. (NASDAQ Bulletin Board:ADNW), provider of a regional, national and European real time data network serving the automotive sector, today announced a letter-of-intent to acquire E-Com Multi Ltd. for an undisclosed amount in cash and stock. The terms of the acquis ... Continue reading
Luis Diaz & Telmex Sign w/Dorricott Racing
FOR IMMEDIATE RELEASE Contact: James Hyneman jhyneman@compuserve.com DORRICOTT RACING SIGNS LUIS DIAZ FOR 2002 TOYOTA ATLANTIC CHAMPIONSHIP SEASON TELECOMMUNICATIONS GIANT "TELMEX" COMES ON BOARD WITH DORRICOTT RACING JON FOGARTY RETURNS FOR SECOND SEASON BAKERSFIELD, Calif. (Jan. 24, 2002) - Bob Dorricott confirmed to ... Continue reading
--Automobile Club of Southern California Who: The Auto Club's Transportation Chief, Dan Beal, the CHP and the California Transit Association join forces to support Proposition 42 in front of one of Los Angeles' most congested freeway interchanges, which would receive funding to improve traffic if the measure passes. Wh ... Continue reading
Southwall Europe GmbH Quality Management System Certified For DIN EN ISO 9001:2000
PALO ALTO, Calif.--Jan. 24, 2002--Southwall Technologies Inc. announced today that its new manufacturing plant's Quality Management System has passed the Certification Audit in compliance with the International Standard DIN EN ISO 9001:2000. The formal Certificate acknowledging this accomplishment is expected by the en ... Continue reading
SAN RAFAEL, Calif.--Jan. 24, 2002-- Phoenix Gold Cuts Cycle Time by 71 Percent, Increasing Market Opportunity Autodesk, Inc. , the world's leading design software and digital content company, today announced that Phoenix Gold, a world-class manufacturer of high-fidelity car audio electronics and accessories, has reache ... Continue reading
PROVIDENCE, R.I.--Jan. 24, 2002--Textron Inc. today reported fourth quarter diluted earnings per share of $0.47 before special charges, restructuring-related expenses and a gain on the sale of Automotive Trim, compared with last year's diluted earnings per share of $1.28 before special charges. Earnings for the quarter ... Continue reading
NEWNAN, Ga.--Jan. 24, 2002--Triumph Motorcycles (America) Ltd., steeped in a rich history spanning 100 years of motorcycling, today announced its plans to celebrate this milestone along with other triumphs -- a 40 percent increase in sales, as well as the expansion into a new state-of-the-art manufacturing facility -- ... Continue reading
Opel. Fresh Thinking for Better Cars
FOR RELEASE: January 24, 2002 A new image campaign for a company on the move "Opel. Fresh Thinking for Better Cars" Rüsselsheim. Opel has started the year with a new, pan-European image campaign. After launching the campaign with an image film that defines Opel's identity in terms of its heritage, current products and ... Continue reading
GM Vehicle Design System To Be Lutz-ized
DETROIT, Jan 24 Reuters reported that General Motors Corp.is expected to announce as early as next week that it will radically restructure its vehicle design process, cutting as many as 400 jobs and trimming its notorious bureaucracy to speed up the development of new cars and trucks. Former Chrysler executive Bob Lutz ... Continue reading
DaimlerChrysler Asks Court to Halt Hummer H2
The Associated Press reported that DaimlerChrysler AG asked a federal judge to halt production of General Motors Corp.'s new Hummer H2 until a court decides a trademark dispute over the design of the vehicle's grille. The automakers sued one another last February, each claiming the seven-slot grille design was rightful ... Continue reading
Washington State Lawmakers Consider Regulating Use of Segway Motorized Scooter
The News Tribune a Washington State newspaper reported this story on pending legislation of sweet Ginger. at "It's not a scooter. It's not a bicycle. It's not a wheelchair. And it certainly isn't a car. ... Continue reading
ProLogis Provides Build To Suit Facility For Subaru
WESTAMPTON, N.J., Jan. 24 ProLogis a leading global provider of distribution services and facilities, announced today that it has signed a 10-year lease with Subaru of America, Inc. for a 302,372 square foot build-to-suit facility in Rancocas East Park, strategically located between exit 45 of I-295 and Exit 5 of the N ... Continue reading
Recreation USA Receives Additional Private Equity Infusion
FT. LAUDERDALE, Fla., Jan. 24 -- Holiday RV Superstores, Inc. a recreational vehicle dealership chain doing business as Recreation USA, today announced that it has received an additional $500,000 as part of its previously announced private equity offering. This brings the total to $2.0 million in a planned offering of ... Continue reading
iQ Power To Launch Worlds first "Smart Battery"
MUNICH, Germany, and VANCOUVER, British Columbia, Jan. 24 iQ Power Technology Inc. (IQPR: OTC US Bulletin Board; IQP: Frankfurt) is pleased to announce that it has now completed its MagiQ 100 production scheduling with the initial pre-production run slated for mid- February. The MagiQ 100 will be the first intelligent ... Continue reading
American Axle & Manufacturing Announces Record Fourth Quarter Earnings
DETROIT, Jan. 24 American Axle & Manufacturing Holdings, Inc., which is traded as AXL on the NYSE, today reported record fourth quarter 2001 earnings per share of 62 cents, an increase of 22% versus 51 cents per share in the fourth quarter 2000. This was ahead of the 53 cents per share consensus analyst estimates by 17 ... Continue reading
Online Automotive Parts Catalog
SEATTLE--Jan. 24, 2002-- The Cobalt Group, the leading provider of e-business software and services to the automotive retail market, announced today that it has partnered with Mitchell 1, the leading provider of automotive information and data management to independent repair shops, to launch two powerful new online to ... Continue reading
The Detroit News reports that Ford will begin production of an all new model in late 2003 that will compete with the Toyota Highlander, Honda Pilot and Chrysler Pacifica. The report stated that the new vehicle is codenamed D219. The new model has a profile of a longer Lexus RX300 or Toyota Highlander. The paper reporte ... Continue reading
Honda Plans Model for Younger Buyers
TOKYO AP reported today that Honda Motor Co.will produce a new vehicle designed for younger buyers, known as Model X, at its East Liberty plant in Ohio by the end of this year, the company said Wednesday. Honda will decide how many vehicles to manufacture at the plant after it completes market research, said spokesman ... Continue reading
Hyundai Close to Announcing US Plant Site
SEOUL Reuters reported today thah South Korea's largest automaker, Hyundai Motor Co said on Wednesday that it was close to announcing the site of its first U.S. plant, while dismissing a media report naming Ohio as a potential location. Citing an unnamed Hyundai Motor source, the Naeway Economic Daily newspaper reporte ... Continue reading
KIMMEL TO SHOWCASE ARCA’s 50th ANNIVERSARY YEAR AT DAYTONA TOLEDO OH, 1-23-02 - Three-time ARCA RE/MAX Series champion Frank Kimmel has established a clear-cut identity with sponsors Advance Auto Parts and Pork The Other White Meat as well as the number 46. While the sponsors will remain the same, his car number ... Continue reading
***FOR IMMEDIATE RELEASE*** Willow Springs International Motorsports Park 3500 75th Street West Rosamond, CA 93560 661-256-6666 661-256-9140 (Fax) http://www.willowspringsraceway.com January 23, 2002 Willow Springs Motorcycle Club Starts 2002 With A Bang Impressive Attendance, Limited Pit Space Mark Season Opener The f ... Continue reading
Honda Hoot Returns to Knoxville
FOR IMMEDIATE RELEASE HONDA HOOT RETURNS TO KNOXVILLE Torrance (CA)?The Honda Hoot returns to Knoxville, Tennessee, June 19-June 22, 2002. An overwhelming success in 2001, the Hoot saw over 18,000 motorcyclists travel to the mountains of eastern Tennessee to enjoy spectacular riding, great food, a variety of events and ... Continue reading
WARRENDALE, Pa., Jan. 23 -- Why did automakers pick Detroit as the car capital of America? Michael J. Kollins, automotive historian guru who has worked in the industry since 1932, has the answer and will share it with attendees during the SAE 2002 World Congress, March 4 - 7, Cobo Center, Detroit, Michigan, USA. Kollin ... Continue reading
Trans-Am Series Adds McHale as Vice President of Media Relations
FOR IMMEDIATE RELEASE CONTACT: T.E. McHale (727) 533-0503 TRANS-AM SERIES ADDS McHALE AS VICE PRESIDENT OF MEDIA RELATIONS CLEARWATER, Fla. (January 22, 2001) - T.E. McHale, who possesses nearly 25 years of experience working in and with the media, has joined the Trans-Am Series as Vice President of Media Relations. Th ... Continue reading
General Motors Expands Use of Siebel eBusiness Applications
SAN MATEO, Calif.--Jan. 23, 2002--Siebel Systems, Inc. -- General Motors Expands Use of Siebel eBusiness Applications; Standardizes Worldwide Multichannel eBusiness on Siebel 7 -- World's Automotive Leader Uses Siebel eAutomotive 7 to Enhance Customer Satisfaction and Maximize Efficiencies Siebel Systems, Inc. , the wo ... Continue reading
FW: GM Racing response to NASCAR rules change
Contact: Al Larsen alarsen@mindspring.com GM Racing Communications (704) 895-1673 GM RACING COMMUNICATIONS; WINSTON CUP NOTES AND QUOTES JAN. 23; PAGE 1 On Tuesday, NASCAR distributed a rules change for the Winston Cup Series, which decreased the height of the rear spoiler on the Ford by one-quarter inch, effective imm ... Continue reading
Rolex 24 At Daytona Offers Unparalleled Variety for Auto Enthusiasts
Rolex 24 At Daytona Offers Unparalleled Variety for Auto Enthusiasts DAYTONA BEACH, Fla. (Jan. 23, 2002) -- Whether it's the roar of an American engine or the exotic appearance of the latest European creation, the 40th Anniversary of the Rolex 24 At Daytona will offer a little of everything for auto enthusiasts. Dayton ... Continue reading
World premiere at the Geneva Motor Show: Opel "Concept M": Sporty Van with Natural Gas Turbo Engine
FOR RELEASE: January 23, 2002 World premiere at the Geneva Motor Show: Opel "Concept M": Sporty Van with Natural Gas Turbo Engine Compact body offers lots of space and comfort for four passengers Rüsselsheim - A sporty and environment-friendly monocab design study called "Concept M" will celebrate its world premiere o ... Continue reading
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