Wednesday, February 24, 1999

1999.5 Nissan Pathfinder Is A Value Leader

Nissan North America, Inc., announced that pricing for the newly redesigned 1999.5 Pathfinder, Nissan's flagship sport utility vehicle, remains virtually unchanged. ... Continue reading

AAA Says Truck Safety Record Trails Automobiles; Calls for Better Research

The nation's track record when it comes to preventing crashes involving large trucks falls woefully short," according to Mark Edwards, managing director of traffic safety for AAA. ... Continue reading

Aeroquip-Vickers, Inc. Schedules Special Shareholders Meeting

Aeroquip-Vickers, Inc. announced that it will convene a special meeting of shareholders on Thursday, April 8, 1999, to vote on Eaton Corporation's proposed acquisition of all of the outstanding common shares of Aeroquip-Vickers for $58 pershare. ... Continue reading

AIAG and Bellcore Announce ANX(R) Certification of AT&T Network

The Automotive Industry Action Group (AIAG) and Bellcore announced that the Internet Protocol network of AT&T has achieved Automotive Network eXchange certification, and that AT&T may now operate as an ANX Certified Service Provider (CSP). ... Continue reading

AIAG Annual Survey Shows Suppliers That Quality Pays

With the recent release of the Automotive Industry Action Group's (AIAG) fourth annual Quality Survey Report, the automotive industry continues to demonstrate the significant value of implementing QS-9000 and other quality initiatives. ... Continue reading

Alternative Fuel Systems Inc. Announces Completion of New Engine

Alternative Fuel Systems Inc. (AFS) has successfully completed the next generation Dual Natural Gas/Diesel System designed for OEM (original equipment manufacture) use with new state-of-the- art, all-electronically controlled diesel engines. ... Continue reading

AT&T Automotive Network Services Offers Industry-Leading Benefits

AT&T introduced AT&T Automotive Network Services, offering qualified automotive businesses high-quality dedicated access to the Automotive Network eXchange. ... Continue reading

Avis Europe plc Preliminary Results for the Year Ended Dec. 31, 1998

Avis Europe plc, the leading car rental company in Europe, Africa, the Middle East and Asia, announced a significant increase in earnings for the period to December 31, 1998. ... Continue reading

Bonded Motors Announces Resignation of Operations Chief

Aaron Landon, chairman of the board and chief executive officer of Bonded Motors Inc. announced the resignation of Director and Chief Operating Officer Buddy Mercer. Mercer is leaving to pursue other business opportunities. ... Continue reading

Borg-Warner Announces Exchange Ratio for Stock of Kuhlman Acquisition

Borg-Warner Automotive, Inc. announced that the exchange ratio for the stock portion of its acquisition of Kuhlman Corporation has been fixed at .85545, assuming that the merger is completed as expected on March 1, 1999. ... Continue reading

Brazilian Racing News: South American F-3

The South-American F-3 starts in March and the brazilian drivers are very confident that they will clinch the title--which hasn't gone to a brazilian since Bruno Junqueira in 1996. ... Continue reading

BSRS Restraint Systems Premiers Technology at 1999 SAE Congress

Visitors at the 1999 Society of Automotive Engineers Exposition will have the opportunity to see the latest from BSRS Restraint Systems -- a joint venture of Breed and Siemens -- at Booth No. 2109, March 1-4 in Detroit. ... Continue reading

Budget Group Reports Fourth Quarter and Year-End Results

Budget Group, Inc. released its fourth quarter 1998 results reporting a loss of $1.28 per diluted share before one-time items, compared to a loss of 9 cents per diluted share for the quarter ended December 31, 1997. ... Continue reading

Clean Fuels Industry Disputes UC Study On Gasoline

The clean fuels industry urged the Davis Administration not to base policy decisions about the future of California's cleaner- burning gasoline program on a University of California report on MTBE. ... Continue reading

Cooper Tire & Rubber and MacNeal-Schwendler Contract

Cooper Tire & Rubber Co. and The MacNeal-Schwendler Corp. have signed a product and technology agreement to revolutionize tire and automotive rubber product design and development. ... Continue reading

Dana Promotes European to Head Global Sealing Products Business

F1: Garage Construction Starts at Speedway; Hakkinen Fastest in Testing

F1: Garage Construction Starts at Speedway; Hakkinen Fastest in Testing ... Continue reading

Federal-Mogul Announces the Appointment of Gordon Ulsh

Federal-Mogul Chairman and Chief Executive Officer Dick Snell announces the appointment of Gordon A. Ulsh to the position of president and chief operating officer, effective immediately. ... Continue reading

Federal-Mogul Appoints James J. Zamoyski

Dick Snell, chairman and chief executive officer of Federal- Mogul Corporation announced the appointment of James J. Zamoyski to senior vice president and general counsel, effective immediately. ... Continue reading

Federal-Mogul Promotes Richard P. Randazzo

Federal-Mogul Chairman and Chief Executive Officer Dick Snell announces the promotion of Richard (Dick) P. Randazzo to senior vice president -- human resources. ... Continue reading

GM's Rick Wagoner to Speak at the NY International Automobile Show

Goodyear Flat-Out Committed to Affordable Run-Flat Tires

The Goodyear Tire & Rubber Company said it is committed to producing run-flat tires that fit affordable conventional wheels for both original-equipment and replacement tire markets. ... Continue reading

IRL: Luyendyk Plans to Exit Indy with Flair, Victory

IRL: Luyendyk Plans to Exit Indy with Flair, Victory ... Continue reading

IRL: Sprint PCS, Meijer Stores and Coca-Cola to Headline 'Arie's Final 500'

IRL: Sprint PCS, Meijer Stores and Coca-Cola to Headline 'Arie's Final 500' ... Continue reading

Jay Stephens Is Elected An Officer Of AlliedSignal

AlliedSignal Inc. announced that Jay B. Stephens, corporate Vice President, Health, Safety, Environment and Remediation, and Deputy General Counsel, Litigation and Regulatory Affairs, has been elected an officer of the company. ... Continue reading

Liteglow Industries Announces Deal to Supply to Winnebago Industries

President and CEO of Liteglow Industries Inc., announced that Liteglow Industries will supply Winnebago Industries Inc., the leading manufacturer of motor homes in the United States, with their docking driving lights as OEM equipment. ... Continue reading

Lithia Motors Reports 123% Increase in Sales

Lithia Motors, Inc. announced that revenues increased 76% to $199.1 million in the fourth quarter of 1998 from $113.1 million in the fourth quarter of 1997. ... Continue reading

LoJack Records Milestone 100th 'Chop Shop' Bust Assist

LoJack Corp., a leader in electronic stolen vehicle recovery technology, has aided Southern California law enforcement officials in busting a chop shop for the 100th time since the LoJack system came on line. ... Continue reading

Meritor Automotive Completes $500 Million Public Bond Offering

Meritor Automotive, Inc. has completed its first public offering of debt securities consisting of $500 million 10-year fixed-rate 6.8% notes due February 15, 2009. The Notes were offered to the public at 99.553% of their principal amount. ... Continue reading

Microphonics Makes Announcement

Microphonics has received a purchase order from SPX Lowener OTC Tool GMBH in Langemfeld, Germany. Microphonics has begun supplying Microphincs Model A07,S to them for shipment to Ford Motor Company and their 9700 European dealers. ... Continue reading

Monaco Finance Announces Change of Recently Appointed CEO

Monaco Finance, Inc. reported that Chief Executive Officer James T. Moran and the Company were unable to reach mutually acceptable terms of employment and that Mr. Moran will not continue as Director and Chief Executive Officer. ... Continue reading

NASCAR BGN: Foul Weather Stops Team Yellow at The Rock

NASCAR BGN: Foul Weather Stops Team Yellow at The Rock ... Continue reading

NASCAR: Irwin and Harvick to appear at Cleveland Auto Show

NASCAR: Irwin and Harvick to appear at Cleveland Auto Show ... Continue reading

NASCAR WCUP: Steve Park: What a Difference a Year Makes

NASCAR WCUP: Steve Park: What a Difference a Year Makes ... Continue reading

National TechTeam, Inc. Announces Q4 and 1998 Results

National TechTeam Inc. reported revenues and results of operations for the fourth quarter and calendar year ending December 31, 1998. ... Continue reading

Navigation Technologies Taps Andersen Consulting

Navigation Technologies Corporation, the premier developer of map databases used by in-vehicle navigation systems, announced the appointment of Lawrence D. Chesler, as the company's vice president and general counsel. ... Continue reading

Near-Instant Heat on Cold Winter Days

A revolutionary vehicle heating system, which provides heat to a vehicle's interior within 10 seconds of cold starting, is now available in North America. ... Continue reading

New Poll Finds Vehicle Emission Testing Motivates Many Minnesotans

According to a new public opinion poll, many visits by Twin Cities residents to automobile repair shops are influenced by a desire to pass the state's vehicle inspection test. ... Continue reading

NHRA: Densham to Youngsters, 'Bring it On'

NHRA: Densham to Youngsters, 'Bring it On' ... Continue reading

NHRA: Dunn, Pedregon, Penthouse Magazine Ready for Phoenix Event

NHRA: Dunn, Pedregon, Penthouse Magazine Ready for Phoenix Event ... Continue reading

NHRA: New "Like a Rock" Award Also Unveiled

NHRA: New ... Continue reading

Nissan Altra EV Ranked as One of the Best by Green Guide

The Nissan Altra EV was ranked as the best in its class -- mid- size wagons and it placed second on the overall 12 "greenest" vehicles for 1999. ... Continue reading

NY International Auto Show Hosts Technology Students in Competition

Onyx Acceptance Sells $310 Million in Asset Backed Securities

Onyx Acceptance Corporation announced the pricing of a $310 million offering of automobile receivables-backed securities through Salomon Smith Barney and Merrill Lynch & Company. ... Continue reading

Oxford Automotive, Inc. to Receive The Invest In France Award

Oxford Automotive, Inc., a Tier 1 automotive supplier, will be recognized by the French Government at the upcoming SAE International Congress & Exposition in Detroit. ... Continue reading

Parker Hannifin Elects Two European Executives to Its Board of Directors

Parker Hannifin Corporation announced that Giulio Mazzalupi, President and CEO of Atlas Copco Group of Sweden, and Klaus- Peter Mueller, Managing Director of Germany's Commerzbank AG, have been elected to Parker's Board of Directors. ... Continue reading

Prestolite Electric Reports Record Results for 1998

Prestolite Electric Incorporated announced that consolidated 1998 net sales of $282.8 million had generated earnings before interest, taxes, depreciation, amortization and special charges (EBITDA) of $31.4 million. ... Continue reading

RVSI Extends Its Machine Vision Products Family

Robotic Vision Systems Inc. unveiled two new, low-cost machine vision solutions addressing the needs of electronics manufacturers using surface-mount assembly equipment. ... Continue reading

SAE Family Night Highlights 'Excellence In Engineering'

Robots, flight simulators, Indy car racing and a "Monsoon" are all part of a Delphi Automotive Systems sponsored event designed to introduce parents and children of all ages to the exciting world of engineering. ... Continue reading

SAE President Elected to National Academy of Engineering

The National Academy of Engineering (NAE) has elected Ronald K. Leonard, retired director, John Deere Worldwide Tractor and Component Engineer and 1998 President of the Society of Automotive Engineering as one of its 1,984 U.S. members. ... Continue reading

Selas Reports 1998 Income of $3.6 Million or 68 Cents Per Share

Selas Corporation of America reported net income for the year ended December 31, 1998 of $3,610,000 or $0.68 per diluted share on sales of $99,555,000, compared to 1997 net income of $4,387,000 or $0.82 per diluted share on sales of $111,165,000. ... Continue reading

Seventh Annual Sunday Challenge

The 7th Annual SunDay Challenge sponsored by the Florida Solar Energy Center was the event for futurists. Forty-four alternative fueled vehicles were entered by various organizations. The attendees were hardly "locals." ... Continue reading

SILMA Completes 1st Phase of Software Roll-Out to Ford Manufacturing

SILMA, a division of Adept Technology, Inc. announced the completion of the first phase of CimStation Inspection implementation into Ford Motor Company's worldwide manufacturing facilities. ... Continue reading

Simpson Industries Announces Quarterly Dividend

Simpson Industries, Inc. announces that its Board of Directors declared a quarterly dividend in the amount of $.10 per share. The dividend is payable March 25, 1999 to shareholders of record on March 4, 1999. ... Continue reading

Speedway Motorsports Part of New NASCAR Television Alliance

Steel Industries, Inc. Streamlines Operations

Steel Industries, Inc., a world-class open-die forging manufacturer and global supplier of quality bar products, is restructuring its internal operations to create a stronger, more unified organization and identity. ... Continue reading

Textron Names Herbert Henkel President and Director

Textron Inc. Chairman and Chief Executive Officer Lewis B. Campbell today announced that the company's Board of Directors has elected Herbert L. Henkel president, effective immediately. ... Continue reading

Toyota Selects SDRC's Metaphase Enterprise PDM Solution

SDRC announced that it has reached an agreement in principle on a global pricing arrangement with Toyota Motor Corporation in which Toyota intends to implement SDRC's market-leading Metaphase Enterprise product data management (PDM) software. ... Continue reading

TRW's Integrated Pyrotechnic Fuse Box Reduces Risk Of Vehicle Fires

To reduce the risk of electrical fires and related occupant injuries that may result from a vehicle crash, TRW has developed an integrated pyrotechnic fuse box. ... Continue reading

WOO: 'Dude' Takes Season Opener at Kings Speedway

WOO: 'Dude' Takes Season Opener at Kings Speedway ... Continue reading