HOLLAND, Mich., April 24 Clarion Technologies, Inc. today announced that it is the first manufacturer, both domestically and globally, known to receive complete ISO/TS 16949 certification for all of its facilities. Clarion operates manufacturing facilities in Michigan, Ohio and South Carolina and a technical design cen ... Continue reading
Marie Osmond Interview Opportunity
Auto Channel -- Robert Gordon, Co-Publisher ON THE SCENE PRODUCTIONS PRESENTS A SATELLITE MEDIA TOUR MARIE OSMOND DISCUSSES HER BOOK BEHIND THE SMILE: MY JOURNEY OUT OF POSTPARTUM DEPRESSION THURSDAY, MAY 3, 2001 8:00 AM – 10:30 AM (PACIFIC) Following the birth of a baby, a wide range of emotions is considered normal ... Continue reading
Mechanical Dynamics Reports 29% Growth in Revenue for Q1 2001; Earnings Jump 100% to $0.08 Per Share
ANN ARBOR, Mich., April 24 Mechanical Dynamics, Inc. , the leading worldwide supplier of virtual prototyping software and services, today reported revenue for the first quarter ended March 31, 2001 of $13.8 million, versus $10.7 million for the corresponding period in 2000. First quarter net income was $491,000, or $0. ... Continue reading
ALEXANDRIA, Va., April 24 "The Coalition for Auto Repair Equality (CARE), a national organization representing companies throughout North Carolina and the nation, is again opposing North Carolina legislation that would create a vehicle parts monopoly favoring the car manufacturers, restricting competition and thus even ... Continue reading
Adept Technology Reports Third Quarter Results
SAN JOSE, Calif.--April 24, 2001--Adept Technology, Inc. , a leading manufacturer of flexible automation for the telecommunications, fiber optic and semiconductor industries, today reported financial results for its third quarter ended March 31, 2001. For the nine months ended March 31, 2001, Adept reported revenues of ... Continue reading
HOUSTON--April 24, 2001--MyRepairShop Inc., the advocate for independent automotive repair shops, today announced that it has entered into a co-marketing agreement with Ontool.com, the leading online provider of tools, equipment and information for automotive service professionals. Repair shop owners and technicians be ... Continue reading
NEW YORK--April 24, 2001-- Taboo Health Issue May Mean Needless Hysterectomy for Many and Other Free Multimedia for Journalists -------------------------------------------------- Taboo Health Issue May Mean Needless Hysterectomy For Many More than 10 million American women suffer from excessive menstrual bleeding or he ... Continue reading
-- WHAT: First use of a new high-tech traffic signal warning system to protect motorists when emergency vehicles speed through intersections. Designed by E-ViEWS Safety Systems, Inc. with assistance from NASA's Jet Propulsion Laboratory, the system utilizes advanced intersection signal preemption technology and lighted ... Continue reading
ADVISORY/Snap-on Names Dale F. Elliott President and Chief Executive Officer
-- Snap-on Incorporated , a global leader in tools, diagnostics and equipment, announced that its board of directors has elected Dale F. Elliott as the company's president and chief executive officer, effective April 27, 2001. You can reach the story directly by going to http://www.newstream.com/cgi-bin/display_story.c ... Continue reading
ANALYST/MEDIA ADVISORY - Collins & Aikman to Announce First Quarter Earnings
--April 24, 2001--Collins & Aikman ANALYST/MEDIA ADVISORY COLLINS & AIKMAN TO ANNOUNCE FIRST QUARTER EARNINGS WHAT: Collins & Aikman first quarter earnings conference call and webcast. WHEN: Tuesday, May 8, 2001 at 10 a.m. ET Those interested in hearing the earnings announcement should call (973) 628-9554 or access the ... Continue reading
EL SEGUNDO, Calif.--April 24, 2001--AURA SYSTEMS, INC. (OTCBB:AURA) is pleased to welcome Western Branch Diesel Inc.-Detroit Diesel Allison ("WBD") to the growing family of AuraGen(R) distributors. WBD is a one-source resource for Detroit Diesel engines and Allison transmissions and in addition distributes a full line ... Continue reading
AutoTrader.com's Tips for Saving Money on Gas
ATLANTA--(BUSINES WIRE)--April 24, 2001--Yesterday's Tosco refinery fire in Carson, California, was just the latest in a series of economic events that's expected to cause the price of gasoline to skyrocket. Nationwide, prices are up 13 cents to $1.67--just 4 cents shy of last summer's all-time high. According to an in ... Continue reading
Autoweb to Host Analyst Conference Call
SANTA CLARA, Calif., April 24 Autoweb.com, Inc. , a leading consumer automotive Internet service (http://www.autoweb.com), will host a teleconference call for investors and analysts on Wednesday, April 25th at 4:30 PM EST to discuss the press release issued after the close of market regarding its first quarter earnings ... Continue reading
Bell & Howell Releases Ford Fleet Electronic Parts Catalog System
CLEVELAND, April 24 Bell & Howell's Publishing Services unit, the world's leading electronic catalog management company for original equipment automotive parts, announced today the development of Ford Fleet EPC, a new electronics parts catalog (EPC) system for Ford Motor Company's commercial fleet customers. "With Bell ... Continue reading
ST. LOUIS--April 24, 2001--Cass Information Systems (CIS), Inc. the market leader in providing electronic processing, rating, payment and information analysis of freight and utility payables, has launched a new web-enabled freight rating service, Ratemaker(R). Ford Motor Company recently contracted to begin using Ratem ... Continue reading
Cooper Industries' Board Declares Dividend
HOUSTON, April 24 The board of directors of Cooper Industries, Inc. today declared a quarterly dividend on the Company's outstanding common shares. A regular quarterly dividend of 35 cents on each common share is payable July 2, 2001, to shareholders of record on June 11, 2001. Cooper Industries, with 2000 revenues of ... Continue reading
eBay Motors and AutoTrader.com Announce Top Ten List of Popular Used Cars
Domestic 'Muscle Cars' and European Luxury Models Top the List SAN JOSE, Calif., April 24 eBay Motors and AutoTrader.com today announced their Top Ten List of the most popular used autos purchased through their co-branded web site. Issued to mark the site's first year anniversary, the list is a compilation of used pass ... Continue reading
BENNINGTON, Vt., April 24 Dads weary of yet-another-necktie and the Father's Day buffet at a local eatery will appreciate Father's Day Car Shows, either as participant or spectator, and Hemmings Motor News is helping hundreds of car clubs nationwide "Celebrate The Old Man and His Old Car" with Father's Day 2001 Car Sho ... Continue reading
Former Oracle Executive to Keynote SDRC Symposium
CINCINNATI--April 24, 2001-- Raymond J. Lane, Past President and COO of Software Giant Oracle, Heads Speaker Line-Up for the Collaborative Product Management Symposium, May 29-June 1 SDRC today announced that Raymond J. Lane, currently a general partner at Kleiner Perkins Caulfield & Byers, America's premier venture ca ... Continue reading
CLEVELAND--April 24, 2001--TRW Inc. today announced that effective immediately Howard V. Knicely has been appointed a director of the company. Knicely, 65, is executive vice president, human resources and communications, for the company and a member of TRW's management committee. He was elected to his current position ... Continue reading
LTV Appoints Carl B. Frankel to Board of Directors
CLEVELAND, April 24 The LTV Corporation (OTC Bulletin Board: LTVCQ) today announced that Carl B. Frankel, retired general counsel of the United Steelworkers of America union, has been appointed a director of the Corporation. Under the terms of the labor agreement between LTV Steel and the United Steelworkers of America ... Continue reading
Small SUV's -- Is Yours Safe? Check out High-Speed Crash Tests and Analysis on progressive.com
Progressive.com Features the Latest High-Speed Crash Test Videos from the Insurance Institute for Highway Safety MAYFIELD VILLAGE, Ohio, April 24 April 24, 2001 -- Consumers worldwide now have access to full-motion video results of the Insurance Institute for Highway Safety's (IIHS) high-speed frontal offset crash test ... Continue reading
Students Display Fully Functioning Electric Cars, Trucks, At CP&L-Sponsored EV Challenge April 27-28
RALEIGH, N.C., April 24 Thousands of middle- and high-school students from throughout the southeastern United States will gather here Friday, April 27, and Saturday, April 28, to drive, test and compete their custom-built electric cars and trucks at the 6th Annual Carolina Electric Vehicle (EV) Challenge. The Carolina ... Continue reading
Tips for Saving Money on Gas - by AutoTrader.com
ATLANTA--April 24, 2001--Yesterday's Tosco refinery fire in Carson, California, was just the latest in a series of economic events that's expected to cause gas prices to skyrocket--the average price per gallon of regular gas in the San Francisco area is now a whopping $2.04. Nationwide, gas prices are up 13 cents to $1 ... Continue reading
American Axle & Manufacturing Responds to Trading Activity Inquiry
DETROIT, April 23 In response to an inquiry by the New York Stock Exchange related to market activity in the stock of American Axle & Manufacturing Holdings, Inc. , the company indicated that it was unaware of any corporate developments that explain today's trading activity. ... Continue reading
American Isuzu Motors Announces Executive-Level Appointments
CERRITOS, Calif., April 23 American Isuzu Motors Inc. (AIMI) today announced the appointment of Tomoyuki (Tommy) Akamatsu to Senior Vice President, Chief Knowledge Officer and Shinichi (Sid) Hirose to Senior Vice President, COO, Power Train Division. Mr. Akamatsu will be based at AIMI's headquarters in Cerritos, and Mr ... Continue reading
Ballard Power Systems Announces First Quarter 2001 Conference Call
VANCOUVER, B.C.--April 23, 2001--Ballard Power Systems today announced that it will hold a conference call to discuss its first quarter results on Monday, April 30th, 2001 at 5:00 p.m. EDT (2:00 p.m. PDT). Access to the call may be obtained by calling the operator at (416) 641-6440 prior to the scheduled start time. A ... Continue reading
Dollar Thrifty Automotive Group Conference Call Reminder
TULSA, Okla., April 23 Dollar Thrifty Automotive Group, Inc. will host a conference call on: Tuesday, April 24 9:00 a.m., Central Time to discuss the company's first quarter earnings. The company will release earnings prior to the call. Please join: Mr. Joe Cappy, Chairman, CEO and President; Mr. Steve Hildebrand, CFO; ... Continue reading
DynaMotive Europe Ltd. Announces Acquisition of Border Biofuels Ltd.
Provides Access to Commercial Power Generation Contracts Under UK Non Fossil Fuel Obligation Revenues Guaranteed under NFFO Contracts could Exceed US$800,000,000 Over 15 Years VANCOUVER, April 23 - DynaMotive Technologies Corporation (OTCBB: DYMTF) announced today that it has acquired 75% of Border Biofuels Limited (BB ... Continue reading
SANTA MONICA, Calif., April 23 Edmunds.com (http://www.edmunds.com), the Web's leading consumer resource for unbiased automotive information, today announces the launch of Used Vehicle PowerShopper, a free consumer service that simplifies and aggregates the various transaction options in the used vehicle marketplace, m ... Continue reading
Exide Technologies Announces Expected Fourth Fiscal Quarter Results
PRINCETON, N.J., April 23 Exide Technologies , the global leader in stored electrical energy solutions, announced today that it expects net earnings for its fourth fiscal quarter ending March 31, 2001, excluding non-recurring items, to be approximately break-even or slightly better, exceeding analysts' estimates. The c ... Continue reading
Federal-Mogul Announces Divestiture of Torque Converter Business
SOUTHFIELD, Mich., April 23 Federal-Mogul Corporation today announced it has completed the divestiture of its torque converter business, TCI, to Competition Cams, Inc. (Photo: http://www.newscom.com/cgi-bin/prnh/20000525/DETH025LOGO ) TCI remanufactures torque converters for high-performance automotive aftermarket appl ... Continue reading
NEW YORK, April 23 The law firms of Sirota & Sirota, LLP ((212) 425-9055 or http://www.sirotalaw.com) and Lovell & Stewart, LLP ((212) 608-1900 or http://www.lovellstewart.com) filed a class action lawsuit on April 20, 2001 on behalf of all persons and entities who purchased, converted, exchanged or otherwise acquired ... Continue reading
Sonic Automotive, Inc. Announces First Quarter Net Income of $0.33 Per Share
CHARLOTTE, N.C., April 24 Sonic Automotive, Inc. announced today net income of $13.5 million, or $0.33 per diluted share, for the first quarter ended March 31, 2001, exceeding consensus estimates of $0.23 per share. This compares to net income of $17.4 million, or $0.39 per diluted share for the quarter ended March 31, ... Continue reading
New Guide Offers 'How To' Advice for Making Highways and Bridges Safer
Safety experts agree that poor road conditions and obsolete designs contribute to more than 15,000 highway deaths annually -- nearly a third of all fatal crashes, according to the Roadway Safety Foundation, a nonprofit educational organization. And unlike other areas of highway safety -- such as driver behavior and veh ... Continue reading
Haldex Announces Actions in Collision Avoidance Systems
Haldex Brake Systems, a division in the Haldex group, has formed a strategic alliance with Altra Technologies Inc., MN, which has developed electronic anti-collision systems for commercial vehicles, and made a 3 MUSD equity investment in the company. The total market for collision avoidance systems on commercial vehicl ... Continue reading
HiQ Signs New Frame Agreement With Saab Automobile
HiQ signs a new frame agreement with Saab Automobile covering consulting services in the field of system development and project management. HiQ has been involved in system development and project management in the automobile industry on behalf of Saab Automobile since 1995. HiQ has completed assignments involving the ... Continue reading
Donnelly Reports First-Quarter Profits Despite Industry Climate
Donnelly Corporation today announced 2001 first quarter net income of $1.2 million, or $0.12 per share, despite a tough industry climate with irregular and reduced production schedules. During the first quarter, overall North American industry production declined 17%, and average production among the three largest dome ... Continue reading
Jury Awards Consumer $81,000 for Damaged Jeep Cherokee Sold as 'Brand New'
A jury in Illinois awarded $81,000 to an Illinois consumer deceptively sold a new Jeep Cherokee damaged before purchase. Consumer protection laws provide for full disclosure of the exact condition of a new or used car at the time of sale. The buyer was not informed of any damage and found out later that some important ... Continue reading
PACCAR Announces First Quarter 2001 Results
BELLEVUE, Wash.--April 24, 2001--PACCAR Inc reported lower sales and net income for the first quarter of 2001 compared with the same period a year ago, said Mark C. Pigott, chairman and chief executive officer. First quarter net sales and financial services revenues decreased to $1.5 billion, 34 percent lower than the ... Continue reading
Wabash National Corporation Announces First Quarter Results
LAFAYETTE, Ind., April 24 Wabash National Corporation announced today results for the first quarter ended March 31, 2001. Net sales for the first quarter were $242.6 million, compared to $352.8 million for the same period last year. Net loss for the quarter was $10.4 million before inventory and other nonrecurring char ... Continue reading
Wescast Announces Strong First Quarter Results Despite Market Downturn
BRANTFORD, Ontario--April 24, 2001--Wescast Industries Inc. recorded strong earnings despite a downturn in the North American Automotive Industry. "Our first quarter results were excellent, despite a 22% decrease in the Big 3 North American production, our increased market share yielded manifold sales equal to the firs ... Continue reading
WorldStar to Participate in International Plastic Car Body Conference
SANTEE, Calif.--April 24, 2001--World Transport Authority, Inc. (OTCBB:WTAI)(Frankfurt:920943) announced today that its WorldStar vehicle with its advanced technology was selected as one of only seven car bodies from Europe and the USA to be displayed at the 4th European Automobile Conference entitled Plastic Car Bodie ... Continue reading
Cooper Industries Reports First-Quarter 2001 Earnings
Cooper Industries, Inc. today reported first-quarter earnings per share of $.60 (diluted), compared with $.89 for the first quarter of 2000. Earnings were in line with recent Company guidance. Revenues for the first quarter 2001 grew to $1.10 billion, compared with $1.04 billion for the same period last year. Absent ac ... Continue reading
Titan International Reports Positive First Quarter Results
Titan International, Inc. has announced net sales of $136.0 million for the first quarter ended March 31, 2001, compared to $164.3 million for the first quarter of 2000. Net income for the first quarter was $0.2 million, compared to $1.1 million for the first quarter of 2000. Diluted earnings per share for the first qu ... Continue reading
Ceradyne Inc. Reports Record First-Quarter 2001 Results
Ceradyne Inc. today reported results for the first quarter ended March 31, 2001. Sales for the quarter reached a record $11.9 million, a 7 percent increase from $11.1 million in the first quarter of 2000. Net income was $1,189,000, or 14 cents per share diluted and basic, compared with net income of $1,156,000, or 14 c ... Continue reading
SKF First-Quarter Report 2001; Another Good Quarter
The SKF Group reports a profit before taxes of MSEK 791 (770). Excluding non-recurring items the figure is MSEK 791 (670), up 18%. Market demand for SKF's products and services in Europe continued to grow during the first quarter of 2001. Demand declined further in North America. Total demand from the Asian region rema ... Continue reading
Dollar Thrifty Automotive Group Reports Record First Quarter Revenue
Dollar Thrifty Automotive Group, Inc. , today reported results for the first quarter ended March 31, 2001. Total revenue for the 2001 first quarter was a record $243.9 million, increasing 4.0 percent over the 2000 first quarter. Net income for the quarter was $9.2 million, or $.38 per diluted share, exceeding the Compa ... Continue reading
Goodyear Reports Results for 2001's First Quarter
Despite a significant reduction in orders from North American vehicle manufacturers and an abrupt slowdown in the region's replacement tire market, The Goodyear Tire & Rubber Company today reported results for the first quarter of 2001 that reflect improved operating performance over the previous quarter. Excluding aft ... Continue reading
Tenneco Automotive Reports 2001 First Quarter Earnings
Tenneco Automotive reported a net loss of $31 million, or 84 cents per diluted share, for the first quarter of 2001. These results include pre-tax restructuring charges of $12 million (23 cents per share), pre-tax environmental charges of $6 million (12 cents per share), and pre-tax charges associated with the company' ... Continue reading
Snap-on Reports First Quarter Results; Reaffirms Full-Year Outlook
Snap-on Incorporated, a global leader in tools, diagnostics and equipment, announced results for the first quarter of 2001 and reaffirmed the outlook for the year. -- First-quarter earnings per share were $0.51 compared with $0.60 in 2000, before the one-time, non-cash, cumulative effect of accounting changes. Net earn ... Continue reading
Wireless Technology Transforming the Trucking Industry
Vertical Wireless Associates Identifies Strong Growth in Fleet Management, Wireless Dispatch and Vehicle Tracking With much of the Evangelist selling accomplished, onboard fleet management systems employing wireless communications are positioned for strong growth. The early adopters have weighed in, and the benefits of ... Continue reading
PACCAR Announces First Quarter 2001 Results
PACCAR Inc reported lower sales and net income for the first quarter of 2001 compared with the same period a year ago, said Mark C. Pigott, chairman and chief executive officer. First quarter net sales and financial services revenues decreased to $1.5 billion, 34 percent lower than the $2.3 billion reported for the com ... Continue reading
Bel First Quarter Net Earnings Up 69%
Bel Fuse Inc. today announced record results for the first quarter ended March 31, 2001. Net earnings increased 69% to a first quarter record $7,577,000, or $.68 per diluted share, compared to $4,472,000, or $.41 per diluted share, last year. Sales increased 29% to a first quarter record $33,704,000 compared to $26,133 ... Continue reading
Allied Holdings Reports First Quarter Results
DECATUR, Ga., April 24 Allied Holdings, Inc. today reported results for the first quarter ended March 31, 2001. Revenues for the first quarter of 2001 were $218.2 million, compared with revenues of $282.9 million for the first quarter last year. The Company experienced a net loss of $18.9 million, or $2.35 per share, d ... Continue reading
RALEIGH, N.C., April 24 Joe Parker, director of the Governor's Highway Safety Program (GHSP) and Governor's Representative for Highway Safety, will retire from both positions on April 30. He notified Gov. Mike Easley of his intention to step down in January. Parker, 69, has led the state's highway safety program since ... Continue reading
Infomedia Appoints IBM Program Executive To Senior Technology Position
NARRABEEN, Australia--April 24, 2001--Global automotive industry IT developer, Infomedia Ltd, today announced the appointment of former IBM SOCOG Program Executive, Guy Bryant as Director of Technology. "I'm excited that Infomedia has been able to attract such a high-level professional as Guy Bryant to our technology t ... Continue reading
Monaco Coach Corporation Reports First Quarter 2001 Results
COBURG, Ore., April 24 Monaco Coach Corporation today reported revenue and earnings for its first quarter ended March 30, 2001. First quarter earnings per share were 27 cents on revenue of $211.2 million. Net income for the first quarter was $5.2 million. First quarter operating income was $9.1 million. First quarter u ... Continue reading
National R.V. Holdings, Inc. Reports Management Changes
PERRIS, Calif., April 23 National R.V. Holdings, Inc. , today announced a restructuring of its management team. Gary Siegler, the Chairman of the Company's Board of Directors, was appointed Chief Executive Officer of the holding company, Bob Lee was appointed President and Chief Operating Officer of the holding company ... Continue reading
SPX First Quarter Results Exceed Analysts' Estimates
Revenues Up 8.4% to $680.4 Million MUSKEGON, Mich., April 24 SPX Corporation today announced first quarter 2001 financial results. First quarter 2001 results included $680.4 million in revenues and earnings per share of $1.14 or $1.21 before special charges. John B. Blystone, Chairman, President and Chief Executive Off ... Continue reading
Successful First Flight for Trent 500 on A340-600
LONDON, April 24 An Airbus Industrie A340-600 powered by four Rolls-Royce Trent 500 engines has completed a successful maiden flight from Airbus headquarters in Toulouse. The aircraft was airborne for just under five and a half hours and reached an altitude of 38,000 feet. The flight was used to gather initial aircraft ... Continue reading
STAMFORD, Conn.--April 24, 2001--Asbury Autogroup, the third largest dealership network in the United States, today announced the appointment of Allen Levenson as Chief Marketing Officer and Vice President of Customer Experience, a new position that reports directly to Brian Kendrick, Chief Executive Officer of Asbury ... Continue reading
ASV Reports 1st Quarter 2001 Results; Net Sales Increase 16% in Record Quarter
GRAND RAPIDS, Minn., April 24 ASV, Inc. today reported its first quarter 2001 financial results. Net sales for the three months ended March 31, 2001, totaled $12,954,716, the highest quarterly net sales in the Company's history and a 16% increase from net sales of $11,183,584 for the same period in 2000. Due in part to ... Continue reading
CLEVELAND--April 24, 2001--TRW Inc. today announced that effective immediately Howard V. Knicely has been appointed a director of the company. Knicely, 65, is executive vice president, human resources and communications, for the company and a member of TRW's management committee. He was elected to his current position ... Continue reading
Margate Reports First-Quarter Results
Company's sales, profits affected by auto-related slowdown in early 2001 YALE, Mich., April 24 Feeling the effects of the automotive industry slowdown, Margate Industries, Inc. today announced lower sales and earnings for its first quarter ended March 31, 2001. The Company also reiterated an earlier warning that it exp ... Continue reading
Pasha Hawaii Transport Lines Makes Announcement
CORTE MADERA, Calif.--April 24, 2001--Pasha Hawaii Transport Lines LLC (PHTL) announced today the April 20 petition for relief filing of Friede Goldman Halter, under Chapter 11 of the U.S. Bankruptcy Code, will have minimal impact on the construction of PHTL's new Jones Act Ro-Ro vessel. Halter Marine (an operating uni ... Continue reading
Recreation USA Opens New Store in West Virginia
Location Strengthens Retailer's Presence in the Atlantic Region FT. LAUDERDALE, Fla., April 24 Holiday RV Superstores, Inc. announced today that it will open a new recreational vehicle and marine dealership in West Virginia, making it the Company's 16th retail location. The Ft. Lauderdale, Fla.-based RV and marine reta ... Continue reading
SAS Selects Rolls-Royce Trent 700 for New Airbus A330-300s
LONDON, April 24 Scandinavian Airlines System (SAS) today (24 April) became the latest customer for the Rolls-Royce Trent engine family when it announced the selection of Trent 772B engines to power its new Airbus Industrie A330-300 aircraft fleet. The SAS order is for four firm aircraft and additional options. The pot ... Continue reading
Snap-on Names Dale F. Elliott President and Chief Executive Officer
KENOSHA, Wis.--April 24, 2001--Snap-on Incorporated , a global leader in tools, diagnostics and equipment, announced today that its board of directors has elected Dale F. Elliott as the company's president and chief executive officer, effective April 27, 2001. Robert A. Cornog is retiring as president and chief executi ... Continue reading
Changes in Volvo's Group Executive Committee
STOCKHOLM--April 24, 2001--Lars-Goran Moberg, President of Volvo Powertrain, will become a member of the Volvo Group Executive Committee, effective May 1. Volvo Powertrain has approximately 9,000 employees and develops and produces engines, gearboxes and other driveline components for trucks, buses, construction equipm ... Continue reading
Algoma Steel Announces Results for the Quarter Ended March 31, 2001
SAULT STE. MARIE, Ontario--April 23, 2001--Algoma Steel Financial Highlights 2000 2001 Weighted average shares outstanding (millions) 53.08 53.20 53.33 53.55 53.65 Per Ton Shipped Revenue $541 $575 $553 $521 $464 EBITDA(1) $55 $80 $46 $16 $(73) (1) Earnings before interest, taxes, depreciation and amortization. ... Continue reading
Chrysler to Increase Production of PT Cruiser To Help Meet Demand
In response to continued worldwide demand for the Chrysler PT Cruiser, the Chrysler Group will again add production for one of its most innovative, segment-defining products by increasing the output of its Toluca Assembly Plant in Mexico by 80,000 units annually. "The success of the PT Cruiser carries on the Chrysler G ... Continue reading
Daewoo Motor America Dedicates New Atlanta Parts Distribution Center
Addressing more than 200 Daewoo dealers, state and local Georgia government officials and members of the press, president and CEO of Daewoo Motor America, D.J. Lee faced the issue of Daewoo's future head on when he stated, "To us, it's very clear, and ceremonies like this one today provide an insight into Daewoo's futu ... Continue reading
Delphi Connection Systems Stakes Claim As 4th Largest Connector Supplier
Delphi Connection Systems debuts today as the fourth largest global supplier of connectors. A business group within Delphi Automotive Systems , the unit's charge is to design, manufacture and sell connectors into the rapidly growing datacom, telecom and automotive markets. "Our perspective of the connector business is ... Continue reading
Grupo Dina Has Reached Agreement With Union to Reduce Labor Force
Consorcio G. Grupo Dina, S.A. de C.V. ("Dina"), a Latin American truck producer, announced on April 17th that it has reached an agreement with the Union of Independent National Automobile Industry Workers that will conclude the labor conflict associated with the earlier threat of a strike at its truck division. After m ... Continue reading
News from Kenworth: "MoneyMaker" Lease Program for Medium Duty Trucks
Kenworth Truck Company and PACCAR Financial have introduced the "MoneyMaker" Lease Program for medium duty customers. Under the MoneyMaker program, customers can benefit from below market lease payments combined with the low maintenance costs and high reliability of Kenworth medium duty products. This fair market value ... Continue reading
TBC Reports Record First Quarter Earnings Per Share
TBC Corporation today reported record first quarter earnings of $0.20 per share for the three months ended March 31, 2001, up from earnings of $0.19 per share a year ago. Net sales for the first quarter increased 28% to $227.2 million compared with $177.4 million, and net income rose to $4.3 million versus $3.9 million ... Continue reading
TRW and MSI Deliver ICBM Semi-Trailers to Transport Motors
Although planned for completion in March, TRW Inc. delivered the last of 16 new, specially rigged semi-trailers built to transport ICBM motors to Hill Air Force Base in January - three months ahead of schedule and under expected costs. TRW subcontractor Mobilized Systems Inc. (MSI) of Cincinnati, Ohio, designed and bui ... Continue reading
USAC: Hamilton, Starks snare Madera features
April 24, 2001 The WorldCom USAC Midget Cars and TQ Midget Cars invade Bakersfield (Calif.) Speedway Saturday night for a "doubleheader" on the 1/3-mile dirt oval. A 20-lap TQ and 30-lap Midget Car feature are on tap. Danny Ebberts leads the Midget Cars to Bakersfield with a 10-point lead over Thomas Meseraull after a ... Continue reading
USAR: Puryear Wins In Jennerstown
April 24, 2001 JENNERSTOWN, PA – Stacy Puryear was able to outlast Donnie Hill for the final seven laps to win the Naturally Fresh Dressings 200 presented by Rolling Rock at Jennerstown Speedway Saturday night in front of 4,000 fans. The race was the first-ever northern division race for the United Speed Alliance ... Continue reading
NASCAR WCUP: From Showcar Display to Victory Lane; Hamilton Wins Talladega
April 24, 2001 TALLADEGA, Ala. – Bobby Hamilton drove what was formerly a show car to victory lane in the Talladega 500. It was the first win for crew chief Jimmy Elledge, team owner Andy Petree and sponsor Square D. Hamilton won the race by passing Tony Stewart with one lap to go. Hamilton, whose skills as a res ... Continue reading
NASCAR Plus To Debut on CNN/Sports Illustrated
April 24, 2001 CNN/Sports Illustrated will introduce two weekly programs beginning today with NASCAR PLUS, it was announced by Bill Galvin, vice president and executive producer of CNN/Sports Illustrated. "NASCAR Plus" will debut at 6:30 p.m. and air again at 8:30 p.m. and 12:30 a.m. "Sports Illustrated - Cover to Cove ... Continue reading
NHRA: Team Jeg's is ready to continue their success in Bristol
April 24, 2001 If the past is any indication of the future, there should be plenty of the familiar Jeg's Mail Order yellow and black in the final round of Pro Stock at the Mac Tools Thunder Valley Nationals. Team Jeg's has had more success than any other Pro Stock team at Bruton Smith's Bristol Dragway. In 1999 Jeg and ... Continue reading
NHRA: Johnson among elite field of Funny Car challengers looking to stop Force
April 24, 2001 BRISTOL, Tenn. - Tommy Johnson Jr.'s mission is no different than a bevy of war-hardened challengers in NHRA's Funny Car category. They all chant the same battle cry with an undying passion: Beat John Force. And they've been chanting it for years now. About 11 to be exact. ... Continue reading
NHRA: Teams chase Winston Championship glory at Bristol
April 24, 2001 BRISTOL, Tenn. - This time, there will be no head starts. For the first time in over three decades, NHRA Winston championship dreams will be on the line as many of drag racing's biggest stars prepare for side-by-side battles at historic 'Thunder Valley'. After two seasons as the host site for the all-sta ... Continue reading
NHRA: Troy Coughlin seeking first National event win in Bristol
April 24, 2001 BRISTOL, Tenn. - The NHRA record books don't list Troy Coughlin as an official NHRA national event winner, but the Columbus, Ohio driver does know what it's like to be the centerpiece in the Winner's Circle. That's because Coughlin's only career victory -- the 2000 Winston Showdown, NHRA's all-star event ... Continue reading
INDY 500: Collective Soul, Practice, Pit Contest Headline Coors Carb Day
April 24, 2001 INDIANAPOLIS - Coors Carb Day on May 24 will feature a full day of incredible entertainment for Indianapolis 500 fans, with final practice for the race's elite 33-car field, the Coors Indy 500 Pit Stop Challenge and a free concert by the hit rock music group Collective Soul. The final, two-hour practice ... Continue reading
NASCAR WCUP: Tony Stewart ready for some 'California Cruisin'
April 24, 2001 ATLANTA - There's no mistaking that California Speedway's sister track is Michigan International Speedway. Both facilities were built by Roger Penske, and both have a two-mile D-shaped layout with roughly the same amount of banking. That's good news for Tony Stewart, driver of the #20 Home Depot Pontiac ... Continue reading
INDY 500: Andretti back on track at Indy; High winds limit speeds
April 24, 2001 INDIANAPOLIS - Michael Andretti turned his first laps in a race car at the Indianapolis Motor Speedway in six years, but high winds Monday held down speeds for eight drivers preparing in private testing for the 85th running of the Indianapolis 500. Andretti ran about 30 laps and reached an unofficial spe ... Continue reading
TRACKS: Raudman Thrills Irwindale Fans From Pole to Second Place Finish
FOR IMMEDIATE RELEASE Contacts: Dave Reed Dave Reed Racing 800/245-5299 dr@advantagememory.com Barbara Evans Evans-MMPR 818/920-0527 evansmmpr@earthlink.net RAUDMAN THRILLS IRWINDALE FANS FROM POLE TO SECOND PLACE FINISH Rancho Santa Margarita, California (April 21, 2001) -- Craig Raudman, driver of Dave Reed Racing's ... Continue reading
Mears Goes Through Atlanta Following Family Footsteps to Indianapolis 500
For Immediate Release Mears Goes Through Atlanta Motor Speedway Following Family Footsteps to Indianapolis 500 ATLANTA, Monday, April 23, 2001 - With Mears as his last name, one would expect that Casey would have grown up in the garages of Indianapolis Motor Speedway. After all, his uncle, Rick Mears is a four-time win ... Continue reading
NHRA: Jeg Coughlin wins second in a row and moves into second in the points
April 23, 2001 Reigning Pro Stock Champion Jeg Coughlin, Jr faced off against Tom Martino in the opening round of the Mac Tools Gatornationals. Lane choice went to Coughlin when the two drivers squared off. The Jeg's Mail Order Chevrolet Cavalier rolled into the right lane. Both drivers rolled into the beams slowly. Je ... Continue reading
NASCAR WCUP: How I Won The Talladega 500-Bobby Hamilton
April 24, 2001 Before the race, I thought we had a very good chance to win. We were good in practice. The motor we qualified with (in 14th position) wasn’t as good as our race motor and we knew we were going to be a couple of tenths better in the race. I think I was so in tune, that if this was Rockingham and I h ... Continue reading
TRACKS: Bloomington Speedway Car Show
April 23, 2001 BLOOMINGTON, IN - Mike Miles and the rest of the Bloomington Speedway crew hope that Sunday's car show at Lowe's on Whitehall Pike is indicative of what they can expect from the weatherman this season. It was a sunny day; and the temperature was near ideal. Race cars and fans showed up in force. Drivers, ... Continue reading
CART reorganizes racing operations
April 24, 2001 DETROIT - Championship Auto Racing Teams, Inc. today announced a reorganization and initial restructuring of the open-wheel sanctioning body's Racing Division, resulting in the elimination of the positions of President of Racing Hal Whiteford and Vice President of Logistics Dennis Swan. The announcement ... Continue reading
CART: PacWest Driver Scott Dixon Gains Oval Experience
April 24, 2001 (Nazareth, PA) - PacWest Racing driver Scott Dixon headed to Pennsylvania for a CART rookie test on Saturday, April 21. Joining Dixon were rookie drivers Bruno Junqueira, Nicolas Minassian and Tora Takagi - all preparing for Round 4 of the CART FedEx Series at Nazareth Speedway on May 6, 2001. Dixon, dri ... Continue reading
Northern Light IRL: Atlanta 500 Classic Event Happenings
April 24, 2001 ATLANTA - Event happenings leading up to and during the Atlanta 500 Classic on April 26-28 at Atlanta Motor Speedway: SCHEDULE: The Atlanta 500 Classic starts at 7 p.m. (EDT) April 28. MBNA Pole Qualifying starts at 8 p.m. April 27. Practice sessions start at 2:30 p.m. (two groups) and 5:15 p.m. (two gro ... Continue reading
USAC: Elliott scores dramatic North Vernon triumph
April 24, 2001 "It's a matter of being versatile," says 4-time "Border Wars" champion Brian Tyler. You have to be able to run on different tracks well. This year could be a tough year for the pavement drivers, because both races are on dirt, but it'll be tougher on the dirt drivers too, since there'll be more competiti ... Continue reading
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