BMW WilliamsF1 Team-Spanish GP-Preview
Spanish Grand Prix - 2/3/4 May 2003 PREVIEW The Circuit de Catalunya, home of the Spanish Grand Prix, presents one of the more demanding Grand Prix venues of the 2003 season. Despite hosting a large proportion of the seasonŒs Formula One testing activities, the vagaries of localised weather conditions, especial ... Continue reading
Dana Corporation Earns World Excellence Award From Ford Motor Company
TOLEDO, Ohio, April 25 -- The Dana Corporation announced today that it has earned Ford Motor Company's World Excellence Award as one of the company's top suppliers for 2002. The World Excellence Awards provide annual recognition based on quality, cost and delivery performance. Forty-one suppliers from 13 countries won ... Continue reading
Car Dealer Lithia Motors Earns 23 Cents Per Share on Record First Quarter Sales
MEDFORD, Ore., April 25 -- Lithia Motors, Inc. today announced that total sales increased to $583.5 million compared to $524.4 million in the first quarter of last year. Net earnings for the quarter were $4.17 million compared to $6.39 million in the same period last year. Lithia earned $0.23 per diluted share on 19% m ... Continue reading
Ward's Reports Estimated North American Vehicle Production
SOUTHFIELD, Mich., April 25 -- Vehicle production this week in the U.S., Canada and Mexico is expected to hit an estimated 301,784 units, up from the 273,281 cars and trucks built last week, according to Ward's Automotive Reports. Including this week's estimates, calendar year North American output now totals 5,443,336 ... Continue reading
WHO: Joan Claybrook, president of Public Citizen, a nonprofit consumer advocacy organization based in Washington, D.C. Larry Baron and Paul Whelan, attorneys representing survivors blinded or severely injured from the deployment of the airbags in nearly one-quarter million 1994-1995 Nissan Altimas. The National Highway ... Continue reading
Credit Acceptance Announces 1st Quarter Earnings
SOUTHFIELD, Mich.--April 24, 2003--Credit Acceptance Corporation Credit Acceptance Corporation (the "Company") announced consolidated net income for the three months ended March 31, 2003 of $8,837,000 or $0.21 per diluted share compared to $6,314,000 or $0.15 per diluted share for the same period in 2002. Results for t ... Continue reading
Details of Ford's Proxy Statement and Annual Report Release
Ford Motor Company will file its 2003 proxy materials with the Securities and Exchange Commission on Monday, April 28. Reporters are invited to come to the Ford World Headquarters Media Center at 9:30 a.m. (EDT) April 28 to pick up copies of the proxy statement and the 2002 Annual Report. Ford representatives will be a ... Continue reading
Dollar Thrifty Automotive Group Reports First Quarter Earnings
New Internal Growth Strategy Contributes to First Quarter Revenue Growth; Company Posts Profit Despite Difficult Travel Industry Conditions TULSA, Okla., April 24 -- Dollar Thrifty Automotive Group, Inc. , today reported results for the first quarter ended March 31, 2003. Total revenue of $250.5 million was up 3.2 perc ... Continue reading
Erie Family Life Earnings Increase 23 Percent
ERIE, Pa., April 24 -- Erie Family Life Insurance Company (BULLETIN BOARD: ERIF) , a member of the Erie Insurance Group, reported an increase in earnings of 23.3 percent for the quarter ended March 31, 2003, to $5.4 million or $0.57 per share, from $4.4 million or $0.46 per share in 2002. Increases in policy revenue an ... Continue reading
-- It's lights! Camera! Action! And they're off... The desert racetrack will get a little hotter this fall when Warner Bros.' legendary Looney Tunes characters again team up with top NASCAR drivers to rev up their engines and continue their highly successful and exciting association with this sports and entertainment e ... Continue reading
President Bush Speaks to More Than 850 Associates at The Timken Company
CANTON, Ohio, April 24 -- Economic growth and job creation were the central messages from President George W. Bush's remarks on Thursday morning at The Timken Company's research facility in North Canton, Ohio. The President's 42-minute address keyed in on building support for his economic stimulus package that is befor ... Continue reading
Honda and Mazda Report Record Profits
TOKYO, April 25, 2003; Chang-Ran Kim writing for Reuters reports that Japanese car makers Honda Motor Co and Mazda Motor Corp posted bumper profits on Friday as they sped past rivals but mapped out different roads for the year ahead, with Honda taking a more wary approach. Most of Japan's top five automakers are foreca ... Continue reading
Weak European Sales Results in Renault's 1Q Revenue Slide
PARIS April 25, 2003; Dow Jones reported that French auto maker Renault SA said Friday that first-quarter revenue fell 2.9% to 9.02 billion euros ($9.96 billion) from 9.29 billion euros in the same period last year, held back by weak car sales in Europe and currency effects. The first-quarter figure was substantially a ... Continue reading
Carlyle Group Set to Buy UIS for About $1 Billion
New York, April 25, 2003; Dow Jones reports that private-equity firm Carlyle Group, marking the latest in a string of acquisitions in the fragmented auto-parts sector, is near a deal to buy closely held UIS Inc. for about $1 billion, people familiar with the matter told The Wall Street Journal. Details were being worke ... Continue reading
AAA Texas: Gas Prices Trending Lower; Prices May Be Near Floor
HOUSTON--April 25, 2003--For the fifth consecutive week, gasoline prices across Texas declined, but market forces point to the possibility that prices may be near their floor, according to the Weekend Gas Watch, compiled by AAA Texas. The Weekend Gas Watch monitors the average price of gasoline at popular destinations ... Continue reading
LA Auto Club: Big Drop in Retail Gas Prices
LOS ANGELES--April 25, 2003--For the fifth consecutive week, gasoline prices fell in the Southwest, and market forces indicate retail prices will continue to decline further, according to the Weekend Gas Watch, compiled by the Automobile Club of Southern California. Currently, the average price of self-serve regular un ... Continue reading
TOKYO, April 25 -- Honda Motor Co., Ltd. today announced its consolidated financial results for the fiscal fourth quarter and the fiscal year ended March 31, 2003. Fourth Quarter Results Honda's consolidated net income for the fiscal fourth quarter ended March 31, 2003 totaled a record high, JPY 116.7 billion (USD 971 ... Continue reading
TROY, Mich., April 24 -- Stimulated by consumer visions of warm weather driving, industry analysts such as CSM Worldwide predict that 3.5 million vehicles with sunroofs will be produced for North America this year. An innovative sunroof system design from Aisin World Corp. of America, enabled by several DuPont material ... Continue reading
Detroit Branch NAACP Honors Ford Motor Company In Tribute to African-American Auto Workers
'One man's idea, one company's effort, 100-years of building great cars' DETROIT, April 24 -- The Detroit Branch NAACP honored William Clay Ford Jr. and Ford Motor Company for its 100-year commitment to creating jobs and fostering opportunity for African-Americans and people of color. "One man had an idea, one company ... Continue reading
Insurance Auto Auctions Announces First Quarter Results
SCHAUMBURG, Ill., April 24 -- Insurance Auto Auctions, Inc. , a leading provider of automotive salvage and claims processing services in the United States, today reported higher net earnings for the quarter ended March 30, 2003. The Company recorded net earnings of $2.0 million, or $0.16 per diluted share, versus net e ... Continue reading
Mitsubishi ProRally Team Sets Sights on 'Rim of the World'
CYPRESS, Calif., April 24 -- The suspensions are dialed-in, the tires chosen, the wicks turned up on the engines, and the drivers and team raring to attack some of the most grueling roads racers ever face. That's the status of Team Mitsubishi Motor Sports America as the premier ProRally team in the country counts down ... Continue reading
JapanCorp: <http://www.japancorp.net/?page_num=1> Mazda Expects Profits and Income to Rise Sharply in FY2002; Forecasting FY2003 Operating Profits to be the Best in 10 Years Tokyo, Japan, Apr. 25, 2003 - (JCN Newswire) - Mazda Motor Corporation today announced that its strong, global turnaround remains on track, and th ... Continue reading
Japanese March Vehicle Output Down
TOKYO, April 25, 2003; Reuters reported that Japan's domestic vehicle production fell 1.1 percent in March from a year earlier to 943,775 vehicles, the Japan Automobile Manufacturers Association said on Friday. xports fell 0.1 percent. For the business year that ended in March, domestic vehicle production rose 5.3 perc ... Continue reading
Mazda Cuts Fiscal Year Group Net Profit Outlook
TOKYO April 25, 2003; Dow Jones reports that Mazda Motor Corp. cut its group net profit forecast for the year ended March 31, blaming the introduction of a new tax by municipal governments as well as appraisal losses on stockholdings. The No. 5 Japanese carmaker, in which Ford Motor Co. holds a 33.3% stake, now expects ... Continue reading
TOKYO, April 25, 2003; Reuters reported that Mazda Motor Corp, the smallest of Japan's top five automakers, said on Friday it expected to boost sales in its key European market this calendar year by 20.8 percent to 220,000 units. It forecast its Japanese sales to rise 7.4 percent to 290,000 units for the business year ... Continue reading
Sapient Awarded Three-Year Contract from Nissan North America, Inc.
CAMBRIDGE, Mass.--April 24, 2003-- Sapient to Support Nissan's Consumer Facing Web Properties, Including NissanUSA.com and Infiniti.com Sapient , a leading business and technology consultancy, today announced it has been selected by Nissan North America, Inc. (NNA) to support Nissan's many consumer-facing web propertie ... Continue reading
Detroit Branch NAACP Honors Ford Motor Company With 'Tribute to the African-American Autoworker'
'Blue-ribbon reception for the 100-year old automaker kicks-off Freedom Weekend events leading up to 48th Annual Fight for Freedom Fund Dinner' The Detroit Branch NAACP will be honoring Ford Motor Company's 100 years of contributions to creating jobs and the black middle class in its special "Tribute to the African-Ame ... Continue reading
NewTech Initiates its North American Heavy Duty Truck Market Commercialization Phase
BLAINVILLE, Quebec, April 24 -- Mr. Yvon Rancourt, Chairman of NewTech Brake Corp. (OTC BB: NWTB) a subsidiary of NewTech Group International Inc., announced today the commercialization phase of NewTech Brake Corp. operations into the North American Heavy Duty Truck Market. To this effect, it was also announced that Mr ... Continue reading
Standard Motor Products, Inc. Announces First Quarter 2003 Results and a Quarterly Dividend
NEW YORK--April 24, 2003--Standard Motor Products, Inc. , an automotive replacement parts manufacturer and distributor, reported consolidated net sales for the first quarter of 2003, the three months ended March 31, 2003, of $135.7 million, compared to consolidated net sales of $126.3 million during the comparable quar ... Continue reading
Autobytel Inc. Reports Record Profits; Outperforms Analyst Estimate
IRVINE, Calif.--April 24, 2003--Autobytel Inc. , a leading Internet automotive marketing services company, today announced financial results for the first quarter ended March 31, 2003. Highlights for the quarter: -- Net income totals $0.9 million, or $0.03 per share, on a GAAP basis, compared to analyst estimate of $0. ... Continue reading
Oregon Consumers Force Nissan Recall
WHAT: Oregon consumers force Nissan to recall defective airbags as federal report discredits company's effort to impugn victims' attorney. WHO: A statement from Norma Brainerd of Portland, who was blinded in both eyes, was among nearly 40 people suffering moderate to severe eye injury from the deployment of the airbags ... Continue reading
VOLO, Ill., April 24 -- The following press release is being issued by Volo Auto Museum: Volo, Illinois is a rural community approximately 50 miles northwest of Chicago. Volo's mayor is a local pig farmer and the 200 or so folks living in Volo are a close-knit group of citizens who enjoy rural life in America. A commer ... Continue reading
Ford Launches Two-Tone Paint Process - DuPont Honored With Ford's 2002 World Excellence Award
TROY, Mich., April 24 -- DuPont Herberts Automotive Systems, the OEM coatings unit of DuPont Performance Coatings, received Ford Motor Company's World Excellence Award - Recognition of Achievement, recognizing the company as one of its top suppliers in the world for 2002 performance. The World Excellence Awards provide ... Continue reading
'Stay-At-Home' Americans Should Check Their Tires Before Hitting the Road
AKRON, Ohio, April 24 -- In a year of war in the Middle East, mysterious respiratory diseases in Asia and a slumping economy at home, Americans are getting back to basics -- they're planning more driving vacations in the U.S. this summer. And if the aversion to air travel or cruise ship vacations results in more miles ... Continue reading
Racing E-Types to Promote Jaguar Select Edition Program
ROAD ATLANTA, Ga., April 24 -- Two thundering, 400-horsepower vintage Jaguar E-Type racecars are taking to the track as high-speed billboards for Jaguar's award-winning Select Edition Certified Pre-Owned vehicle program. Jaguar North America has teamed up with renowned vintage Jaguar specialists, Massachusetts-based Do ... Continue reading
Intier clarifies interiors business with General Motors
NEWMARKET, ON, Thursday, April 24 -- Intier Automotive Inc. (TSX: IAI.A, NASDAQ: IAIA). In response to reports published today relative to business between General Motors and Intier Automotive, Intier wishes to clarify certain future interiors business awards with General Motors. As previously announced, Intier has bee ... Continue reading
The Auto Channel content library (since 1996) has grown to become the world’s most extensive and complete interactive archive of automotive centric news, articles, reviews and intense event coverage, presented to viewers as Text, Video and Images.
Vehicle manufacturers and alt fuels.
