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October 2002

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Thursday, October 24, 2002

Mitsubishi Motors Recognized as Technology Leader For Fourth Consecutive Year

Mitsubishi Motors Recognized as Technology Leader For Fourth Consecutive Year

CYPRESS, Calif., Oct. 24, 2002; Mitsubishi Motor Sales of America, Inc. (MMSA) has earned a place on the InformationWeek 500 list for the fourth year in a row thanks to the company's effective use of innovative technologies that help improve business operations and allow the company to better serve its customers. MMSA ... Continue reading

Warn Industries Introduces WARN Ware

Warn Industries Introduces WARN Ware

CLACKAMAS, Ore.--Oct. 24, 2002--Warn Industries is excited to announce the launch of a new corporate apparel program, called WARN® Ware(TM), for distributors, retailers and consumers. WARN customers and admirers can now order over 40 different WARN apparel and accessory items on the company's website, www.warn.com. "W ... Continue reading

Autobytel Inc. Reports Third Quarter 2002 Financial Results

Autobytel Inc. Reports Third Quarter 2002 Financial Results

IRVINE, Calif.--Oct. 24, 2002--Autobytel Inc. , a leading Internet automotive marketing services company, today announced third quarter 2002 financial results. Highlights for the quarter: -- Generates $3.1 Million in Cash, Finishes Quarter With $26.5 Million -- Narrows Pro Forma Net Loss to $200,000 -- Pro Forma EBITDA ... Continue reading

Precision Auto Care Announces Year End Results- $7.7 million Loss

Precision Auto Care Announces Year End Results- $7.7 million Loss

LEESBURG, Va., Oct. 24 -- Precision Auto Care, Inc. today announced for the fiscal year ending June 30, 2002, a loss of $7.7 million, or $(0.69) per share, on revenues of $20.6 million, compared with a loss of $18.9 million or $(2.38) per share on revenues of $23.1 million, for the prior year. For the quarter ending Ju ... Continue reading

DaimlerChrysler Canada Building Grand Opening

DaimlerChrysler Canada Building Grand Opening

WINDSOR, ON, Oct. 24, 2002 - DaimlerChrysler Canada, Canderel Stoneridge Equity Group and the City of Windsor today celebrated the official grand opening of the DaimlerChrysler Canada Building at One Riverside Drive West in Windsor, Ontario. "DaimlerChrysler Canada is proud to call Windsor home for over 76 years. The m ... Continue reading

OOPS!-AutoNation Could Face $550 Million Tax Bill

OOPS!-AutoNation Could Face $550 Million Tax Bill

DETROIT, Oct 24, 2002 Reuters reported that auto dealer AutoNation Inc. said on Thursday it could be forced to pay up to $550 million to U.S. tax authorities to settle a dispute over taxes from 1997 through 1999. The U.S. Internal Revenue Service has said it would challenge AutoNation's accounting for about $680 millio ... Continue reading

Volvo's WHIPS Proven to Reduce Head and Neck Injury by 49 Percent

Volvo's WHIPS Proven to Reduce Head and Neck Injury by 49 Percent

IRVINE, Calif., Oct. 24 -- Volvo's Whiplash Protection System (WHIPS), first introduced in 1999 as a safety device for front seats designed to reduce head and neck injuries in rear-end collisions, received independent verification today of its overall effectiveness in a study released by the Insurance Institute for Hig ... Continue reading

Mazda Eyes Points Title in Season-Ending Race

Mazda Eyes Points Title in Season-Ending Race

ALTON, Va., Oct. 24 -- Mazda and its MAZDASPEED Motorsports Development team will look to clinch the manufacturers' title as the SCCA Pro Racing SPEED World Challenge Touring Car series comes to Virginia International Raceway this weekend. The series' overall manufacturers' points title is within reach for Mazda thanks ... Continue reading

Europe's Largest Auto Club Selects ScanSoft RealSpeak for Voice-Enabled-Traffic Information Service

Europe's Largest Auto Club Selects ScanSoft RealSpeak for Voice-Enabled-Traffic Information Service

PEABODY, Mass. & GENT, Belgium--Oct. 24, 2002-- Phone-Based Services Powered by RealSpeak Provide Up-to-the-Second Traffic Information for ADAC Members and Customers ScanSoft, Inc. , the leading supplier of imaging, speech and language solutions, today announced that ADAC, the largest automobile club in Europe, has sel ... Continue reading

GM North American Production 10/28

GM North American Production 10/28

FOR RELEASE: October 24, 2002 • Total U.S. Passenger Car35,949 • Total U.S. Truck58,711 • Total Canada Passenger Car11,040• Total Canada Truck6,060• Total N.A. Car and Truck123,075 Mon 10/28Tue 10/29Wed 10/30Thu 10/31Fri 11/1Sat/Sun 11/2- 11/3Approx. # of Employees Affected By DowntimePass ... Continue reading

Car Dealer Auto Nation Reports Record Third Quarter

Car Dealer Auto Nation Reports Record Third Quarter

FORT LAUDERDALE, Fla., Oct. 24, 2002; AutoNation, Inc., America's largest retailer of both new and used vehicles, today reported third-quarter earnings per share of $0.33 that set a record for the period and exceeded by 38% a year-earlier $0.24 per share. Net income rose 35% to $106.7 million from last year's third-qua ... Continue reading

GM-Avtovaz JV's Chevy-Niva SUV Model Sales Delayed

GM-Avtovaz JV's Chevy-Niva SUV Model Sales Delayed

MOSCOW -October 24, 2002; Dow Jones reported that GM-Avtovaz, a joint venture of General Motors Corp. and OAO Avtovaz has missed its Wednesday sales-launch deadline for the Chevy-Niva sports utility vehicle, auto dealers said Thursday. Four of the joint venture's 18 official dealers said they now expect to start Chevy- ... Continue reading

Spartan Motors Reports Sharply Higher Third-Quarter Sales, Earnings

Spartan Motors Reports Sharply Higher Third-Quarter Sales, Earnings

CHARLOTTE, Mich., Oct. 24, 2002; Fueled by operating improvements and strong sales in its core RV and emergency-rescue markets, Spartan Motors, Inc. today reported the best third-quarter profitability in the Company's 27-year history. ADVERTISEMENT The Charlotte, Mich.-based manufacturer of motorhome chassis, fire truc ... Continue reading

Sirius Satellite Radio Signs Agreement With Asbury Automotive Group

Sirius Satellite Radio Signs Agreement With Asbury Automotive Group

NEW YORK, Oct. 24 2002 -- Sirius Satellite Radio, the premier satellite radio broadcaster, announced today that Asbury Automotive Group, Inc. , will offer Sirius Satellite Radio systems through Asbury's nationwide network of automotive dealers. Encompassing 128 franchises at 91 dealer locations across the country, the ... Continue reading

Dover Motorsports, Inc. Reports Results for the Third Quarter

Dover Motorsports, Inc. Reports Results for the Third Quarter

DOVER, Del., Oct. 24, 2002 -- Dover Motorsports, Inc. today reported its results for the third quarter ended September 30, 2002.Revenues were $41,622,000 in the quarter ended September 30, 2002 compared with $35,891,000 for the third quarter of 2001. An increase in admissions and other revenue at Dover International Sp ... Continue reading

Experts Offer Tips to Drivers On Handling Glare From New-Design Headlights

Experts Offer Tips to Drivers On Handling Glare From New-Design Headlights

HOUSTON--Oct. 24, 2002--Daylight saving time ends at 2 a.m. Sunday, Oct. 27. AAA Texas reminds motorists that they need to adjust their driving habits as well as their clocks so they can stay safe in darker driving conditions. "After setting back their clocks an hour, motorists need to adapt to reduced visibility from ... Continue reading

Quiet Cat Catalyst-Muffler Continues to be Granted EPA/CARB Certifications

Quiet Cat Catalyst-Muffler Continues to be Granted EPA/CARB Certifications

TELFORD, Penn.--Oct. 24, 2002-- Over 19,700 Units Sold & Booked to Date Environmental Solutions Worldwide, Inc. (ESW) (OTCBB:ESWW), a company that develops, manufactures and markets environmental technologies, today announced that the Company continues to provide certification services and acquire EPA/CARB certificatio ... Continue reading

Consumers Rate GM Site High

Consumers Rate GM Site High

FOR RELEASE: October 24, 2002 DETROIT - Consumers rated General Motors online shopping and buying service, GM BuyPower.com, more useful than other manufacturer Web sites in the 2002 J.D. Power and Associates New Autoshopper.com Studysm. This study notes that while independent, third-party Web sites continue to lead the ... Continue reading

IIHS Head Restraint Study Shows "There Is A Difference"

IIHS Head Restraint Study Shows "There Is A Difference"

ARLINGTON, VA -- New research from the Insurance Institute for Highway Safety finds that some new designs of seats and head restraints are reducing neck injuries among car occupants involved in rear-end crashes. This is the first U.S. study to measure the effectiveness in real-world crashes of some of the innovative de ... Continue reading

IIHS Study Touts Saab's Active Head Restraint

IIHS Study Touts Saab's Active Head Restraint

NORCROSS, Ga., Oct. 24 -- New research from the Insurance Institute for Highway Safety (IIHS) has determined that Saab's Active Head Restraint (SAHR) system reduces neck injuries among car occupants by 43 percent. The study measures the effectiveness of the SAHR system by comparing the rates of insurance claims for dri ... Continue reading

Injury Sciences Launches `Black Box' Web Portal for Auto Insurers

Injury Sciences Launches `Black Box' Web Portal for Auto Insurers

SAN ANTONIO--Oct. 23, 2002--Injury Sciences LLC announces the launch of its Event Data Recorder (EDR) Web Portal: A solution that assists automobile insurers in harvesting automotive "black box" or EDR data. A vehicle EDR is a device that records and stores data from an automobile collision. Black box information is ac ... Continue reading

ADVISORY/AAA Texas Says October the Most Dangerous Month in Texas for Teen Drivers; Press Conference in San Antonio Next Week

ADVISORY/AAA Texas Says October the Most Dangerous Month in Texas for Teen Drivers; Press Conference in San Antonio Next Week

-- 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

Pechiney: 2002 Third Quarter Results

Pechiney: 2002 Third Quarter Results

PARIS--October 24, 2002-- Pechiney (PY)(PECH.PA)(PCHO)(SICOVAM:13290) Pechiney announces earnings from operations in the third quarter of 2002 of EUR 95 million, down 31% from the third quarter of 2001, and a net loss of EUR 14 million. Adjusted net income stands at EUR 38 million, EUR 0.48 per share. Highlights of the ... Continue reading

Fill 'er Up... With Water is New York Ready for Hydrogen-Fueled Cars?

Fill 'er Up... With Water is New York Ready for Hydrogen-Fueled Cars?

-- Hydrogen Energy Leaders from Iceland Discuss Promise of Hydrogen Thurs., Oct. 24, 3:15 p.m., Scandinavia House, 58 Park Ave., New York For a small country located in the middle of the North Atlantic, Iceland has made huge progress toward creating the world's first "Hydrogen Society" -- a country entirely free from t ... Continue reading

Warn Adds 3000lb Capacity Winch to ATV Line-Up

Warn Adds 3000lb Capacity Winch to ATV Line-Up

CLACKAMAS, Ore.--Oct. 23, 2002--Warn Industries announced today the release of its 3,000lb capacity ATV winch. The new WARN(R) 3.0ci winch, with innovative all-metal, sealed drive train and added controls, is designed for today's most rigorous conditions. "The WARN 3.0ci is a revolutionary new ATV winch, designed with ... Continue reading

Car Buyers Place a Premium on Branded Tires and Car Stereos

Car Buyers Place a Premium on Branded Tires and Car Stereos

J.D. Power and Associates Reports: Combination of High Consumer Awareness and Strong Brand Image Make Michelin and Bose the Strongest Global Automotive Component Brands WESTLAKE VILLAGE, Calif. October 23, 2002; Automakers trying to strengthen their image by using brand-name components may want to focus on the tires an ... Continue reading

Honda September Domestic Vehicle Output up 10.7 %

Honda September Domestic Vehicle Output up 10.7 %

TOKYO, Oct 24, 2002 Reuters reported that Japan's Honda Motor Co Ltd said on today that its domestic vehicle output for September was up 10.7 percent from a year earlier at 122,864 units. Global vehicle output totalled 254,101 units for September, up 16.2 percent from a year earlier. Honda's exports fell 2.9 percent to ... Continue reading

Toyota September Domestic Output up 9.5%

Toyota September Domestic Output up 9.5%

TOKYO, Oct 24, 2002, Reuters reported that Japan's largest automaker, Toyota Motor Corp, said on Thursday its domestic output rose 9.5 percent in September from a year earlier to 303,329 vehicles. That follows a 2.1 percent decline in August. Second-ranked Honda Motor Co Ltd said earlier that its domestic production wa ... Continue reading

Hyundai Celebrates First Anniversary of Hawaii Electric Vehicle Demonstration Project

Hyundai Celebrates First Anniversary of Hawaii Electric Vehicle Demonstration Project

Hyundai's Real-World Test Of Electric Vehicles Confirms Viability Of Battery-Powered Automobiles - ANN ARBOR, Mich., Oct. 23, 2002 -- Hyundai Motor Company is celebrating the one-year anniversary of its first long-term electric vehicle test program, which is based on the Hawaiian island of Oahu in the United States. Th ... Continue reading

$290 Million Verdict Against Ford Upheld

$290 Million Verdict Against Ford Upheld

By LOS ANGELES October 23, 2002, Gina Keating writing for Reuters repoted that The California Supreme Court let stand a $290 million award against Ford Motor Co. stemming from the deaths of three people in a 1993 rollover accident involving a Bronco sport utility vehicle. Ford said it would appeal the case, Romo v. For ... Continue reading

Bandag Reports Third Quarter Diluted EPS of $1.02

Bandag Reports Third Quarter Diluted EPS of $1.02

MUSCATINE, Iowa, Oct. 23, 2002 -Bandag, Incorporated announced consolidated net income of $19.6 million, or $1.02 per diluted share, for the quarter ended September 30, 2002. This was a $5.0 million, or 34 percent increase, over third quarter 2001 reported net income of $14.6 million, or $0.71 per diluted share. Effect ... Continue reading

Ryder Announces Third Quarter 2002 Results; Net Earnings of $33.8 Million Improve From Deficit in 2001

Ryder Announces Third Quarter 2002 Results; Net Earnings of $33.8 Million Improve From Deficit in 2001

MIAMI--Oct. 23, 2002--Ryder System, Inc. , a global leader in supply chain and transportation management solutions, today reported third quarter 2002 net earnings improved to $33.8 million, compared with a net loss of $5.5 million in the third quarter of 2001. Earnings per diluted share were $0.54 compared with a $0.09 ... Continue reading

Denison International Meets Q3 2002 Earnings Expectations

Denison International Meets Q3 2002 Earnings Expectations

MARYSVILLE, Ohio--Oct. 23, 2002--Denison International plc today reported results for its third quarter and nine months ended September 30, 2002. For the current quarter ended September 30, 2002, the Company's net sales increased 6% to $38.9 million from third quarter 2001 net sales of $36.6 million. Net income for the ... Continue reading

M2K Releases Thrilling Street Racing DVD Collection

M2K Releases Thrilling Street Racing DVD Collection

SEATTLE--Oct. 23, 2002-- Street Racing: Collector's 4 Pack features four DVD's packed with the hottest racing, women, and music. You gotta see it to believe it! Multimedia 2000 today announced the release of the Street Racing Collector's 4 Pack DVD Collection, four discs bursting with the most exciting and unbelievable ... Continue reading

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