2003 Saab 9-3 Sport Sedan Demand Exceeds Expectations
NORCROSS, Ga., Oct. 25 -- The first retail sale in the U.S. of the all-new Saab 9-3 Sport Sedan was recorded at Saab of Troy, near Detroit, Mich., kicking off the American launch of the new Swedish-built car. Saab dealers and customers throughout the U.S. and in markets worldwide are taking delivery of new cars and the ... Continue reading
Exide Technologies Introduces Innovative Waterproof Battery Charger
PRINCETON, N.J., Oct. 25, 2002; Exide Technologies, a global leader in stored electrical energy solutions, is introducing an innovative waterproof, intelligent charging system for automotive starting and deep-cycle lead-acid batteries. The Waterproof Intelligent Charger is intended for cars, buses and trucks as a suppl ... Continue reading
Ward's Reports Estimated North American Vehicle Production
SOUTHFIELD, Mich., Oct. 25 - Vehicle production this week in the U.S., Canada and Mexico is expected to hit an estimated 356,525 units, up from the 340,440 cars and trucks built last week, according to Ward's Automotive Reports.Including this week's estimates, calendar year North American output now totals 14,038,165 v ... Continue reading
SmarTire Systems Announces Changes to Management Team
RICHMOND, British Columbia--Oct. 25, 2002-- SmarTire Systems Inc. , a leading developer of tire pressure and temperature monitoring technology, announces changes to its executive management team in response to an evolving marketplace and a shift in focus from the automotive aftermarket to the original equipment market. ... Continue reading
Annual Survey Shows Which Cars Design Engineers Luv
CHICAGO--Oct. 25, 2002--Results in the 23rd annual Design News Auto Survey show that, in the survey's "Autos Under $15,000" category, the Honda Civic was named number one, edging the Toyota Corolla. Worst car in this category? The Kia. In the $15, - 24,999 price range, the Toyota Camry got honors, followed by the Honda ... Continue reading
Auto Dealers Dollars for Schools to Give $50,000 in Orange County
COSTA MESA, Calif.--Oct. 25, 2002--Both high schools will be winners when Costa Mesa and Estancia each receive a $25,000 check at halftime at their annual cross-town football game in Orange County. Representatives of Harbor Boulevard of Cars, an auto dealer association in Costa Mesa, will present the checks to the prin ... Continue reading
Porsche to Pay Owners Bonus Dividend
By FRANKFURT, Oct 25, 2002; Michael Steen witing for Reuters reported that German sports car maker Porsche AG said on Friday it would reward shareholders with a special dividend after posting bumper results for its 2001/2002 business year. The company posted a 40 percent rise in full year pre-tax profit to 828.9 millio ... Continue reading
UNOVA Announces New Executive Team, Name for Newly Merged Company
WOODLAND HILLS, Calif.--Oct. 25, 2002--UNOVA, Inc. today announced the new name and executive team for the company that will be formed as a result of the recently announced merger between Cincinnati Machine and Lamb Technicon. The new company, UNOVA Manufacturing Technologies, will combine engineering, manufacturing an ... Continue reading
Textron Names Loranger Chief Operating Officer
Business Editors NOTE TO MEDIA: Multimedia assets available PROVIDENCE, R.I.--Oct. 25, 2002--Textron Inc. today announced that Steven R. Loranger has been named executive vice president and chief operating officer, overseeing Textron's manufacturing business units as well as the corporation's Enterprise Excellence and ... Continue reading
Myers Industries Announces Third Quarter and Nine Month Results
AKRON, Ohio--Oct. 25, 2002--Myers Industries, Inc. today announced that net sales for the third quarter ended September 30, 2002, were $146,625,694, an increase of 4 percent from sales of $141,446,944 reported in 2001. Net income was $3,067,906, an increase of 81 percent compared to $1,690,795 last year. Net income per ... Continue reading
MELBOURNE, Oct 25, 2002; Reuters reported that Ford Australia said on Friday it was on track for an improved result in calendar 2002 and will come close to turning a profit after two years of losses. The Ford Motor Co unit posted a A$5.5 million ($3.0 million) after tax loss in 2001, improving on a A$16.1 million loss ... Continue reading
FOR RELEASE: October 25, 2002 TOKYO – General Motors confirmed today that it had finalized details on agreements with Isuzu Motors Ltd. relating to Isuzu’s previously announced three-year business plan. In addition to the GM agreements, Isuzu announced that it had reached agreement on broad financial restru ... Continue reading
Rohm and Haas Company Reports Third Quarter Results
PHILADELPHIA, Oct. 25, 2002; Rohm and Haas Company today reported third quarter net earnings of $73 million, or $.33 per share reflecting a 38 percent increase over $53 million or $.24 per share for the third quarter, 2001. Sales of $1,454 million, an 8 percent increase over the same period in 2001, reflect solid impro ... Continue reading
Fuji(Subaru) : Indiana Will Own Plant And Still Make Isuzu Autos
TOKYO -October 25, 2002; Dow Jones reported that Fuji Heavy Industries Ltd. will make Subaru-Isuzu Automotive Inc., an auto-making joint venture with Isuzu Motors Ltd., a fully-owned unit as of January 1, Fuji Heavy said Friday. Fuji Heavy will buy the entire 49% stake Isuzu currently holds in the joint venture, based ... Continue reading
NEW YORK -October 25, 2002; Dow Jones is reporting that General Motors Corp. finalized details on its agreements with Isuzu Motors Ltd. relating to Isuzu's previously announced three-year business plan. In a press release early Friday, Isuzu also said it had reached agreement on a broad financial restructuring with its ... Continue reading
Isuzu Motor To Cut US Presence; Focus On Truck Operations
TOKYO -October 25, 2002; Yumiko Nishitani writing for Dow Jones reported that Isuzu Motor Ltd., officially announced Friday it will slash drastically its exposure to the North American sport-utility vehicle market - a market that once boosted the company's growth but has since turned sour amid intensified competition. ... Continue reading
Release: Navistar, UAW Reach Tentative Agreement
WARRENVILLE, Ill., Oct. 25, 2002; International Truck and Engine Corporation and the leadership of the United Auto Workers union have reached tentative agreement on a new five year labor agreement, it was announced today. The agreement is subject to ratification by the UAW membership, which will take place on Sunday, O ... Continue reading
Vision Check Form The Car Care Council
BETHESDA, Md., Oct. 25 -- It's scary, but true; the number of deaths among young pedestrians is four times higher on Halloween evenings than the rest of the year, according to the Centers for Disease Control and Prevention. Under the best conditions, it's difficult to spot those little devils and witches darting out in ... Continue reading
Insurance Auto Auctions Announces Third Quarter Results
SCHAUMBURG, Ill., Oct. 25 Insurance Auto Auctions, Inc., a leading provider of automotive salvage and claims processing services in the United States, today reported higher earnings for the quarter ended September 29, 2002. The Company recorded net earnings, excluding business transformation costs, of $1.8 million, or ... Continue reading
Dana Reports Improvement And Declares Dividend
Restructuring Actions Continue to Produce Benefits TOLEDO, Ohio, Oct. 25, 2002; Dana Corporation today announced improved third-quarter sales and operating earnings strengthened by sustained progress in its restructuring actions. Sales for the period were $2.6 billion, up 7 percent from 2001. During the third quarter, ... Continue reading
Helm Inc. of Highland Park Wins Contract For DaimlerChrysler Incentive Program
HIGHLAND PARK, Mich., Oct. 25, 2002; Helm Inc., a Highland Park, Mich. marketing services firm, won a multi-million-dollar, three-year contract from DaimlerChrysler to develop and implement a new "Gold Tool" incentive program for dealer service technicians, announced Bob Malkiewicz, vice president of sales and marketin ... Continue reading
GM Vortec HP3 8100 V8 Marine Engine Powers Winning Entries In APBA National Championships
FOR RELEASE: October 24, 2002 GM Vortec HP3 8100 V8 Marine Engine Powers Winning Entries In APBA National Championships Vortec Power Team Captures Two First and Second Places PONTIAC, Mich. - The Vortec Power Team captured two first and two second place finishes in high-speed boats powered by the Vortec HP3 8100 V8 eng ... Continue reading
HAMPTON, N.H.--Oct. 24, 2002--Lilly Software Associates, in conjunction with its business partner, IBM, is offering a Web-based seminar on November 7th for automotive suppliers that want to learn about the competitive advantages of lean manufacturing and to find out how to leverage technology to improve their bottom li ... Continue reading
Athletes With Disabilities Get Boost From Avis
Business Editors NOTE TO MEDIA: Multimedia assets available PARSIPPANY, N.J. & NEW YORK--Oct. 24, 2002--Avis Rent A Car System, Inc. has agreed to be the primary 2002 sponsor of this year's roster of athletes with disabilities participating in the New York City Marathon, according to the Achilles Track Club. Over two h ... Continue reading
Prolong International Corporation Adopts Stockholder Rights Plan
IRVINE, Calif.--Oct. 25, 2002--Prolong International Corporation (AMEX:PRL), today announced that its board of directors has approved a stockholder rights plan (the "Plan"). Under the Plan, all stockholders of record as of the close of business on October 31, 2002 will receive a distribution of rights to purchase share ... Continue reading
LA AAA: Gas Price Declines Recorded for Seventh Straight Week
LOS ANGELES--Oct. 25, 2002--Gasoline prices continued their downward trend last week, as crude oil prices fell on worldwide markets, according to the Weekend Gas Watch, compiled by the Automobile Club of Southern California. Gasoline prices have now declined in Southern California for seven consecutive weeks. The Weeke ... Continue reading
AAA TEXAS: Weekend Gas Watch; Gas Prices Move Higher
HOUSTON--Oct. 25, 2002--The statewide average price for regular self-serve fuel moved higher this week compared to last, according to the Weekend Gas Watch, compiled by AAA Texas. The Weekend Gas Watch monitors the average price of gasoline at popular destinations for motoring trips. All major cities in the state saw p ... Continue reading
October 23, 2002 INDIANAPOLIS -- The AP reported that Chip Ganassi's Indy Racing League team will expand to two cars next season with Scott Dixon and Tomas Scheckter as its drivers. Jeff Ward drove Ganassi's IRL entry in 2002, winning a June race in Texas but finishing 11th in the season standings. Ganassi is expected ... Continue reading
October 22, 2002 The AP said that Formula One boss Bernie Ecclestone reportedly is interested in buying a majority share of stock in CART and turning the open-wheel series into a training ground for F1. CART has been struggling in recent years, and next season loses some engine manufacturers and teams to the IRL. Eccle ... Continue reading
Ford CEO says Scheele Shouldn't Have Disclosed Jaguar Loss
October 24, 2002 NEW YORK Bill Koneig writing for Bloomberg reported that Ford Motor Cos. Chief Executive Officer William Clay Ford Jr said President Nicholas Scheele shouldn't have disclosed that the world's second-largest automaker's Jaguar unit will lose about $500 million this year. "Somebody spoke more than they s ... Continue reading
PERTH, Australia, Oct. 24, 2002; The following is being issued by Orbital Engine Corporation Limited : Chairman's Speech, Orbital Engine Corporation Limited Annual General Meeting Good morning ladies and gentlemen, welcome to the 14th annual general meeting of the Orbital Engine Corporation. My name is Ross Kelly. I am ... Continue reading
Cleaning workers die at Mexican DaimlerChrysler plant
MEXICO CITY, Oct 24, 2002 Reuters reported that four people doing cleaning work at a Mexico City plant of German auto maker DaimlerChryler AG died of asphyxiation from breathing toxic fumes on Thursday, officials and a spokesman from the company said. The few employees who were on the premises of the plant, which was n ... Continue reading
Peugeot signs JV with China's Dongfeng
< BEIJING, Oct 25, 2002; Reuters is reporting that PSA Peugeot signed a joint venture agreement with Chinese partner Dongfeng Motor Corp on Friday and said it will invest 625 million yuan ($75.5 million) in a partnership aimed at tapping the fast growing China market. The deal formalises an agreement reached last Novem ... Continue reading
Chrysler loses appeal of $3.2 million accident award
CINCINNATI October 25, 2002; Mary Wisniewski writing for Bloomberg reports that DaimlerChrysler AG's Chrysler Corp. unit lost its appeal of a $3.24 million jury award to the widow of a Kentucky man who was killed after being thrown from his 1992 Dodge Ram pickup. The 6th U.S. Circuit Court of Appeals said that a lower ... Continue reading
Toyota begins Los Angeles trial in suit over Paseo belt design
LOS ANGELES October 25, 2002; Bloomberg News Reported that Toyota Motor Corp. designed a faulty 1992 Paseo seat belt that caused a former marathon runner to become a quadriplegic during a car accident, according to a lawyer suing Japan's largest automaker. The lap belt on Jian Zhong Yang's car was four inches forward o ... Continue reading
Ford says extra truck inspections are costly, Cheaper debuts is a goal
NEW YORK -October 25, 2002- Bloomberg News reported that Ford Motor Co. wants to avoid extra inspections of new F-Series pickup trucks when production starts next year, as the automaker tries to reduce the costs of vehicle introductions, their chief executive officer said. This year, the world's second-largest automake ... Continue reading
Toyota plans all gas-electric vehicles by 2012
October 25, 2002 Bloomberg News reported that Toyota Motor Corp., the world's third-largest automaker, plans to use gasoline-electric hybrid engines in all vehicles by 2012 to increase fuel efficiency and reduce tailpipe emissions, an executive said. The gasoline-electric system emits as much as 40 percent less carbon ... Continue reading
Standard Motor Products, Inc. Announces Third Quarter 2002 Results and a Quarterly Dividend
NEW YORK--Oct. 24, 2002--Standard Motor Products, Inc. , an automotive replacement parts manufacturer and distributor, reported consolidated net sales for the third quarter of 2002, of $182.6 million, $25.9 million, or 16.5%, higher than consolidated net sales of $156.7 million during the comparable quarter a year ago. ... Continue reading
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