Inetium Builds Internet-based ``Auto Marketplace'' for Carsforsale.com
MINNEAPOLIS--July 25, 2001--Carsforsale.com(TM) and Inetium Inc. have partnered to build an Internet-based marketplace designed to make the process of buying and selling new and used vehicles simple and efficient. Driving away with a better solution Carsforsale.com(TM) challenged Inetium Inc. to rebuild their existing ... Continue reading
NATICK, Mass.--July 25, 2001--The MathWorks, Inc., the leading developer and supplier of technical computing software for engineers and scientists, today introduced the Company's newest product for data analysis and modeling, the Curve Fitting Toolbox. For the first time, users have a dedicated tool to perform curve fi ... Continue reading
TRW Declares Quarterly Dividend
CLEVELAND--July 25, 2001--Directors of TRW Inc. today declared a quarterly dividend of 35 cents per share on the company's outstanding common stock. The directors also declared regular quarterly dividends of $1.100 per share on the Serial Preference Stock II (Series 1) and $1.125 per share on the Serial Preference Stoc ... Continue reading
Ceradyne Inc. Opens Detroit Office
COSTA MESA, Calif.--July 25, 2001--Ceradyne Inc. today announced it has opened an office in Detroit and hired Michael J. Kurilla to manage operations for that office. Kurilla has more than 20 years of experience in the automotive area, primarily with North American and global automotive suppliers supporting large U.S. ... Continue reading
BOSTON--July 25, 2001--Kia Motors America has deployed an eBusiness solution from Nortel Networks to provide a single, integrated customer relationship management (CRM) system that creates seamless customer experiences and fosters customer loyalty. Using Nortel Networks Clarify eFrontOffice, the Kia Motors America CRM ... Continue reading
S&P Asgns Rtgs to Chase Manhattan Auto Own Tr 2001-A
NEW YORK--Standard & Poor's--July 25, 2001-- Standard & Poor's today assigned its ratings to Chase Manhattan Auto Owner Trust 2001-A's $1.2 billion asset-backed notes and certificates 2001-A (see list). The ratings reflect the credit enhancement levels sufficient to cover multiples of historic losses at the triple-'A' ... Continue reading
Textron Declares Quarterly Dividend
PROVIDENCE, R.I.--July 25, 2001--The Board of Directors of Textron Inc. today declared a quarterly dividend of thirty-two and a half cents (32.5 cents) per share on the company's Common Stock. The Board of Directors also declared a quarterly dividend of fifty-two cents (52 cents) per share on Textron's $2.08 Cumulative ... Continue reading
Two Motion Industries Sales Reps Named Among Top 14 in Country by Purchasing Magazine
BIRMINGHAM, Ala.--July 25, 2001--Two Motion Industries outside sales reps, Mark E. Gutekunst and Gary Roughton, have been listed among the top 14 salespeople in the country by Purchasing Magazine in their annual poll of purchasing executives, according to Mark Sheehan, Motion Industries' Group Vice President for North, ... Continue reading
ANN ARBOR, Mich.--July 25, 2001--The University of Michigan College of Engineering's solar car M-Pulse sped to a first-place finish in the American Solar Challenge today. The 2,300-mile race along historic Route 66, which started on July 15th in Chicago, Illinois and ended in Claremont, California, is the premier compe ... Continue reading
ANN ARBOR, Mich.--July 25, 2001--The University of Michigan College of Engineering's solar car M-Pulse sped to a first-place finish in the American Solar Challenge today. The 2,300-mile race along historic Route 66, which started on July 15th in Chicago, Illinois and ended in Claremont, California, is the premier compe ... Continue reading
Four More Opel Models For South African Market
FOR RELEASE: July 23, 2001 Four More Opel Models on the South African Market Omega, Zafira, Astra Caravan and Astra Coupé Turbo join the Corsa and Astra Rüsselsheim - New opportunities for Opel on the South African market: starting at the end of July, the Omega, Zafira and Astra Caravan will be sold there. The fastes ... Continue reading
NHTSA Seeks Comment on Proposed Tire Pressure Monitoring Systems
The U.S. Department of Transportation's National Highway Traffic Safety Administration (NHTSA) today proposed a new federal motor vehicle safety standard requiring the installation of tire pressure monitoring systems in new passenger cars, light trucks, buses and multipurpose passenger vehicles with gross vehicle weigh ... Continue reading
Eaton Declares Quarterly Dividend
CLEVELAND--July 25, 2001--Diversified industrial manufacturer Eaton Corporation's Board of Directors has declared a regular quarterly dividend of $.44 per common share, payable on August 24, 2001 to shareholders of record on August 6, 2001. Eaton has paid dividends on common shares annually since 1923. Eaton Corporatio ... Continue reading
MINNEAPOLIS & LONDON--July 25, 2001--Sopheon, the international knowledge management software and services company, announced today that it has established an American Depositary Receipt (ADR) program for Sopheon's shares currently trading on the Alternative Investment Market of the London Stock Exchange (LSE). Sponsor ... Continue reading
Ugly Duckling Reports Second Quarter and Six Month Results
Ugly Duckling Corporation Second Quarter Highlights: -- Total revenues were $140.8 million -- E-Commerce generated $15.2 million in revenues and 1,686 cars sold during the second quarter of 2001 as compared to $15.1 million in revenues and 1,725 cars sold during the first quarter of 2001 -- Loan portfolio principal bal ... Continue reading
Ryder System, Inc. Announces Second Quarter 2001 Results
Ryder System, Inc. , a global leader in transportation management and supply chain solutions, today reported that second quarter 2001 earnings per diluted share, before restructuring and other charges, were $0.53, compared with $0.50 in the second quarter of 2000. Included in the second quarter 2001 earnings per share ... Continue reading
Thinkpath, Inc. Q2 Revenues To Exceed $10 Million
Thinkpath, Inc. , an IT and engineering services firm, announced today that it expects to report that revenue for the second quarter ended June 30, 2001 will exceed $10 million and that revenue for the first six months of 2001 will exceed $20.6 million. Thinkpath will announce its full results for the second quarter on ... Continue reading
Reynolds and Reynolds Achieves High End of Analysts' Estimates
The Reynolds and Reynolds Company today reported net income from continuing operations of $24.7 million or 33 cents per share for the quarter ended June 30, 2001. Earnings per share were at the high end of analysts' estimates and 27 percent ahead of last year's 26 cents per share from continuing operations. Revenues of ... Continue reading
PACCAR Announces Second Quarter 2001 Results
"PACCAR Inc reported lower sales and net income for the second quarter of 2001 compared with the same period a year ago," said Mark C. Pigott, chairman and chief executive officer. Second quarter net sales and financial services revenues were $1.5 billion, 29 percent lower than the $2.1 billion reported for the compara ... Continue reading
Newcomers and Industry Leaders to Speak at ABI's Conference
If the fuel cell industry will be a $40 billion industry by the end of this decade, the real dynamics of the industry have to be laid out clearly so that every interested player can see the reality, not hype like what was a detrimental factor in the "dot.com" blow out in Wall Street. Automotive, stationary and portable ... Continue reading
Jacobs Subsidiary Sverdrup Finalizes Operations Contract with Delphi
Jacobs Engineering Group Inc. announced today that its subsidiary Sverdrup Technology, Inc. has finalized a contract to provide operations support for Delphi Automotive Systems. Officials did not disclose the contract value. This effort involves test operations of climatic wind tunnels and component test laboratories a ... Continue reading
Hino Announces Enhancements to 2002 Model Trucks
NEWS RELEASE CONTACT: Karen Reetz, (845-365-1400, ext. 354), Reetz@hino.com Hino Announces Enhancements to 2002 Model Trucks ORANGEBURG, NY., July 24, 2001 Hino Diesel Trucks (USA) has announced its 2002 lineup of Class 4-7 cabover trucks. "The new model year features several enhancements that make a great product l ... Continue reading
PHOENIX--July 25, 2001--Action Performance Cos. Inc. (company) , the leader in the design, marketing, promotion and distribution of licensed motorsports merchandise, today reported results for fiscal 2001 third-quarter and nine-month periods ended June 30, 2001, including higher sales and continuing profitability, comp ... Continue reading
VANCOUVER, B.C.--July 25, 2001--Ballard Power Systems , Shell Hydrogen and Westcoast Energy today announced the creation of Chrysalix Energy Limited Partnership (Chrysalix), a new Vancouver-based private capital joint venture focused on promoting early stage companies with high growth potential in fuel cells and relate ... Continue reading
Pontiac Celebrates Muscle Car Heritage With Special Edition Firebird
Pontiac celebrates 35 years of Firebird Driving Excitement today with the 2002 Firebird Trans Am "Collector Edition" high-performance specialty vehicle. Elements unique to the Collector Edition include a special paint scheme, detailed interior appointments, special edition emblems and the raw power of Trans Am's WS6 pe ... Continue reading
Racing Champions Continues Profitable Results in 2001 Second Quarter
Racing Champions announced profitable results for the second quarter and six months ended June 30, 2001. The Company earned $0.14 per diluted share as compared with $0.06 per share in the year ago second quarter. For the first six months the Company earned $0.19 per diluted share as compared with $0.01 per diluted shar ... Continue reading
Saturn Original Parts Links Up With OEConnection
Independent automobile parts and service providers will have on-line access to purchase Saturn original equipment parts through OEConnection’s e-Commerce suite of products. Saturn Corporation, headquartered in Detroit, Mich. and OEConnection, LLC, headquartered in Richfield, Ohio, announced today an agreement tha ... Continue reading
Standard Motor Products Announces Q2 2001 Earnings and Dividend
Standard Motor Products, Inc. automotive replacement parts manufacturer and distributor, reported net sales for the second quarter of 2001, the three months ended June 30, 2001, of $186.9 million, 6.7% higher than net sales of $175.1 million during the comparable quarter of a year ago. Net losses for the second quarter ... Continue reading
Teleflex Acquires Division of McKechnie Vehicle Components
Teleflex Incorporated announced today that it had acquired the Fluid Handling Division of McKechnie Vehicle Components ("McKechnie") for US$15.5 million ((pound)10.9 million) in cash. McKechnie is a privately held firm based in the United Kingdom. With annual sales of approximately US$37 million ((pound)26 million), th ... Continue reading
Viasystems Group, Inc. Reports Second-Quarter 2001 Earnings
Viasystems Group, Inc. today announced that the company's earnings, adjusted for goodwill amortization ("EBG"), from ongoing operations for the quarter ended June 30, 2001, were a loss of $18.5 million, or $0.13 per fully diluted share. Revenue for the quarter was $309.1 million. These financial results are consistent ... Continue reading
Westcorp Reports Second Quarter Earnings Results
Westcorp , the financial services holding company whose principal subsidiaries are WFS Financial Inc and Western Financial Bank today reported earnings of $16.9 million, or $0.50 per diluted share for the second quarter of 2001 compared with $17.6 million, or $0.64 per diluted share for the same period a year earlier. ... Continue reading
WFS Financial Reports Record Second Quarter Net Income
WFS Financial Inc reported record net income of $19.5 million, or $0.63 per diluted share for the second quarter of 2001 compared with $16.1 million, or $0.57 per diluted share for the same period a year earlier. On a comparative basis, net income increased 21% and earnings per share rose 11%. For the six months ended ... Continue reading
NASCAR WCUP: Rudd fastest on first day of final Brickyard 400 test
Posted By Terry Callahan Motorsports Editor, The Auto Channel July 25, 2001 INDIANAPOLIS - Ricky Rudd set the day's standard with a lap at 175.809 mph July 24, but others lurked nearby on the first day of the final NASCAR Winston Cup Series two-day test at the Indianapolis Motor Speedway in preparation for the eighth a ... Continue reading
NASCAR WCUP: Gordon focusing on team entering Pocono
Posted By Terry Callahan Motorsports Editor, The Auto Channel July 25, 2001 POCONO, Pa. - While the NASCAR Winston Cup championship looks to be a three-man battle, Jeff Gordon is only concerned about one team – his own. Gordon, driver of the DuPont Chevrolet, is currently tied with Dale Jarrett atop the point sta ... Continue reading
NASCAR WCUP: Gordon to appear on 'Who Wants to Be a Millionaire'
Posted By Terry Callahan Motorsports Editor, The Auto Channel July 25, 2001 HARRISBURG, N.C. - Three-time Winston Cup champion and DuPont Motorsports driver Jeff Gordon will appear on ABC's "Who Wants to Be a Millionaire" in a special "Sports Superstars" edition scheduled to air the week of September 10. Gordon will jo ... Continue reading
NASCAR WCUP: Rudd, Jarrett and Sadler hope Indy testing helps at Pocono
Posted By Terry Callahan Motorsports Editor, The Auto Channel July 25, 2001 Ricky Rudd will be looking to make it a clean sweep at Pocono Raceway this season when the NASCAR Winston Cup Series returns for the Pennsylvania 500 on Sunday. Rudd, points leader Dale Jarrett and Elliott Sadler were all testing at the Indiana ... Continue reading
NASCAR BGN: Jeff Green looks forward to return at Pikes Peak
Posted By Terry Callahan Motorsports Editor, The Auto Channel July 25, 2001 Jeff Green is anxious to return to Pikes Peak International Raceway. He returns there this weekend as the reigning event champion, a race in which be beat his brother, David, by 0.746 seconds. Green talked about last year’s race, the intr ... Continue reading
CART: Andretti and Team Ready for Time Off After Hectic Mid Season Schedule
Posted By Terry Callahan Motorsports Editor, The Auto Channel July 25, 2001 Indianapolis, IN-Team Motorola are in the final stretch of competing in six races in seven weeks and they are definitely ready for a day off. The team is tired, the driver is tired but they are in a better points position than when this run sta ... Continue reading
NASCAR WCUP: Matt Kenseth likes the unique experience of racing at Pocono
Posted By Terry Callahan Motorsports Editor, The Auto Channel July 25, 2001 Matt Kenseth's thoughts on racing at Pocono: You finished 6th in June at Pocono. This is your second top 10 in the three races you've run there. Describe your success there. "It's a pretty unique track and its real fast. I like those tracks tha ... Continue reading
NASCAR WCUP: Martinsville Speedway Begins Work On Tunnel
Posted By Terry Callahan Motorsports Editor, The Auto Channel July 25, 2001 MARTINSVILLE, VA. – It may not be a tunnel of love, but it’ s a tunnel everyone will love. Martinsville Speedway officials unveiled plans this morning for a 160-foot pedestrian tunnel under the racing surface in the fourth turn of t ... Continue reading
NASCAR WCUP: Atwood returns to Pocono to finish race
Posted By Terry Callahan Motorsports Editor, The Auto Channel July 25, 2001 LONG POND, Penn. - Casey Atwood's first race at Pocono Raceway started strong. He ran as high as fifth on the unique three-turn track, but finished early when his engine blew. Now, Evernham Motorsports' rookie driver is looking forward to going ... Continue reading
NASCAR WCUP: Elliott looks for luck, top ten finish at Pocono
Posted By Terry Callahan Motorsports Editor, The Auto Channel July 25, 2001 LONG POND, Penn. - Bill Elliott's hopes for a top-10 run at Pocono Raceway earlier this year went flat when his left front tire blew, taking him from the top 10 to a 27th place finish. But the veteran driver thinks his return trip to the racetr ... Continue reading
CART: Gidley and Junqueira prepared for Windy City battle
Posted By Terry Callahan Motorsports Editor, The Auto Channel July 25, 2001 Cicero, Ill. - Target Chip Ganassi Racing travels to the Windy City this week to prepare for the Target Grand Prix presented by Energizer, an event the team has dominated since its inception in 1999. In the inaugural race, former Team Target dr ... Continue reading
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