DaMATTA Wins Pole With New CART Street Course Record In SURFERS PARADISE
Print it SURFERS PARADISE, Australia October 26, 2002; The AP reported that Cristiano da Matta won the pole position for the CART Honda Indy 300, breaking the day-old course record by more than 1.3 seconds Saturday. Da Matta, who clinched the series title three weeks ago in Miami, broke the record with a time of 1 minu ... Continue reading
Big OOPS: FedEx Out As Title Sponsor, CART Management Denies F1 Takeover,
SURFERS PARADISE, Australia, October 25, 2002; The AP reported that CART president Chris Pook said Friday that the series has lost its title sponsor for next year and has no plans to merge with Formula One. Pook, who became president and chief executive officer of the U.S.-based open-wheel series last December, said he ... Continue reading
Tony Pedregon Leads NHRA Funny Car in Las Vegas
LAS VEGAS October 26, 2002; The AP reported that Tony Pedregon led Funny Car qualifying Friday in the Las Vegas NHRA Nationals with a quarter-mile run of 4.786 seconds at 322.73 mph. Larry Dixon, Greg Stanfield and Angelle Savoie also led their divisions in the ACDelco-sponsored competition, the 23rd of 24 events this ... Continue reading
Stewart Leads NASCAR Driving Championship
HAMPTON, Ga. October 26, 2002;The Ap reported that Tony Stewart is winning two battles heading into the NAPA 500. The fourth-year Winston Cup driver is leading the closest championship race in NASCAR history. He also insists he has control of his famous temper. "I'm not unhappy anymore," said Stewart, who will start fr ... Continue reading
CSK Auto Corporation Announces Filing of Registration Statement on Behalf of Certain Stockholders
PHOENIX, Oct. 25, 2002; CSK Auto Corporation announced that it filed a registration statement on October 24, 2002 with the Securities and Exchange Commission for the registration of 3,041,967 shares of its common stock. The Registration Statement relates solely to the proposed sale of all of the shares of CSK's common ... Continue reading
Automakers Warn May Not Meet Airbag Rules
DETROIT October 25, 2002; Michael Ellis writing for Reuters reports that a U.S. alliance of automakers has warned that many of its members will be unable to meet a government mandate requiring a percentage of all new vehicles sold after September next year be equipped with so-called "smart" passenger-side air bags. The ... Continue reading
GEM Electric Vehicle Company Names Richard J. Kasper President and COO
AUBURN HILLS, Mich., Oct. 25, 2002; Richard J. Kasper has been named President and Chief Operating Officer of Global Electric MotorCars, LLC, effective December 1, 2002. Global Electric MotorCars, LLC, located in Fargo, North Dakota, is a wholly-owned subsidiary of DaimlerChrysler Motors Company LLC. The company manufa ... Continue reading
Speedway Motorsports Statement in Response to NASCAR Statement Regarding Ferko Lawsuit
CONCORD, N.C., Oct. 25, 2002; Speedway Motorsports, Inc. issued the following in response to a statement by the National Association of Stock Car Auto Racing (NASCAR) regarding a court filing this week by SMI on the Ferko lawsuit: Our attorneys have advised us that we should not comment on this pending litigation. This ... Continue reading
NEW YORK--Oct. 25, 2002--Universal Express, Inc. (OTCBB:USXP) announced today that its subsidiary USXP Capital has executed a letter of intent to purchase United States Coach, one of the nations leading manufacturers of commercial transportation vehicles. United States Coach is recognized by Ford and General Motors as ... Continue reading
Honeywell Declares Quarterly Dividend
MORRIS TOWNSHIP, N.J.--Oct. 25, 2002--The Board of Directors of Honeywell has declared a regular quarterly dividend of $0.1875 per share on the company's outstanding common stock. The dividend is payable on December 10, 2002 to shareowners of record at the close of business on November 20, 2002. Honeywell is a US$24-bi ... Continue reading
Snap-on Increases Quarterly Dividend
KENOSHA, Wis.--Oct. 25, 2002--The Snap-on Incorporated board of directors declared today a $0.01 per share increase in the company's quarterly dividend on its common stock. The new quarterly dividend of $0.25 per share represents an increase of 4.2 percent. The fourth-quarter dividend is payable December 10, 2002, to s ... Continue reading
SmarTire Systems Reports Year End Results - $6.8 Million Loss
RICHMOND, British Columbia--Oct. 25, 2002-- SmarTire Systems Inc. , a leading developer of tire pressure and temperature monitoring technology, today reported its financial results for the year ended July 31, 2002. SmarTire reports all results in U.S. dollars. The Company reported a net loss of $6.8 million ($0.41 per ... Continue reading
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