INDY 500: Michael Andretti Returns To Indianapolis 500
March 28, 2001 INDIANAPOLIS -- The five-year Indianapolis 500 hiatus is over for Champ Car driver Michael Andretti and race team owner Barry Green. Today at the Indianapolis Motor Speedway, Andretti and Green announced an entry for "Motorola/Archipelago" in the 85th running of the Indianapolis 500. On May 27, Andretti ... Continue reading
MINNEAPOLIS--March 27, 2001--ABRA Auto Body & Glass, a national damaged vehicle repair company, announced today the promotion of two team members from their Salt Lake City, Utah market. According to Tim Adelmann, ABRA's Chief Operations Officer, Shannon Holden has been named Director of Operations for the Utah market, ... Continue reading
Amended Brazilian Grand Prix preview
Please note corrections to the year of Alain Prost's Brazilian GP win with Honda and the time zone differences FIA Formula One World Championship - Round 3 Brazilian Grand Prix, Interlagos - 30 March-1 April 2001 Preview Honda goes west Formula One crosses continents to South America this weekend for the Brazilian Gran ... Continue reading
J.D. Power Clubs and PeopleFirst.com Join Forces To Provide Better Car Buying Experience
J.D. Power Clubs Members Benefit From PeopleFirst.com's Hassle-Free Online Auto Loans SAN DIEGO, March 27 J.D. Power Clubs, a trusted consumer resource for automotive and financial services information, is partnering with PeopleFirst.com, the nation's largest online automotive lender, to provide low-rate hassle-free au ... Continue reading
News Release re: Green Cross for Safety Award
FOR IMMEDIATE RELEASE Contact: Joe Larkin, NSC (630) 775-2303 Chuck Mulloy, Intel (408) 765-3484 March 27, 2001 Intel Corporation President and Chief Executive Officer Craig R. Barrett to Receive National Safety Council*s Green Cross for Safety Medal Itasca, Il. - The National Safety Council (NSC) has selected Dr. Crai ... Continue reading
S&P Affirms Corp Backed Trust Certificates Ser 2001-9
NEW YORK--Standard & Poor's--March 27, 2001--Standard & Poor's today affirmed its single-'A'-minus rating on the corporate-backed trust certificates series 2001-9 issued by Corporate Backed Trust Certificates Series 2001-9 Trust. The affirmation follows the issuance of an additional 216,372 certificates with an initial ... Continue reading
T.E.A.M. Employee Assistance Offers Some Solution Focused Counseling
As Life at DaimlerChrysler Goes On, What About the Survivors? TROY, Mich., March 27 Remember what you felt when you heard just a week or so ago about those laid-off DaimlerChrysler employees who asked "Why me?" Good news. Many of them are already beginning to get the short-term help they need from a Troy-based company, ... Continue reading
PARIS--March 27, 2001--(Paris: FR; OTC: VLEEY) The Valeo Board of Directors met on March 27, 2001. During the meeting it was decided that the Group's Annual General Meeting will take place on Wednesday May 9th at 4:00 PM at the CNIT La Defense. Valeo is an independent industrial Group fully focused on the design, produ ... Continue reading
Viasystems Group, Inc. Sets Annual Meeting Date
ST. LOUIS--March 27, 2001--Viasystems Group, Inc. announced today that the company's 2001 Annual Meeting of Shareholders will be held at 8 a.m., May 1 at the St. Regis Hotel, 2 East 55th Street, New York, NY. The record date for determination of shareholders entitled to vote at the meeting is April 2, 2001. Viasystems ... Continue reading
Insurance Auto Auctions Appoints CFO
SCHAUMBURG, Ill., March 26 Insurance Auto Auctions, Inc. , a leading provider of automotive salvage and claims processing services in the United States, today announced the appointment of Scott P. Pettit as the 'Company's new chief financial officer, replacing Steve Green. "We are fortunate to have attracted an individ ... Continue reading
Pa. DEP to Help Auto-Body Shops Comply With New Air-Quality Regulations
HARRISBURG, Pa., March 26 Pa. Department of Environmental Protection (DEP) Secretary James M. Seif today announced two initiatives to help the Commonwealth's auto-body shops comply with a new air-quality regulation. DEP has awarded a four-year $500,000 grant to the Pennsylvania College of Technology in Williamsport, Ly ... Continue reading
Teleconference Alert: Insurance Auto Auctions Fourth Quarter 2000 Earnings
SCHAUMBURG, Ill., March 26 Insurance Auto Auctions, Inc. , will hold a conference call with institutional investors, security analysts and other interested parties at 11:00 AM EST on March 28, 2001 to discuss its fourth quarter results which will be released earlier that day. Insurance Auto Auctions' President and Chie ... Continue reading
Delco Remy Names North America Sales Director
ANDERSON, Ind., March 27 Delco Remy named Guy Kananen Director of Sales for North America. Based in the Troy, Michigan, office, he will have Automotive OE accounts responsibility for the company in the U.S., Canada and Mexico. He will report directly to the Vice President of Sales for the Automotive Systems Division, D ... Continue reading
FEATURE/Humax Social Capital Tool Helps Companies in Slowing Economy
ANN ARBOR, Mich.--(BUSINESS WIRE FEATURES)--March 27, 2001--Humax Corporation has introduced an assessment, training and coaching program that helps make companies "recession proof," according to CEO Cheryl Baker. The program features the Humax Assessment, the first and only Web-based tool for measuring an organization ... Continue reading
SILVER SPRING, Md., March 27 Bid4Assets, a leading full- service asset disposition firm specializing in assets from distressed situations, today announced that it has been exclusively commissioned to auction a 1998 Dodge Viper GTS that was seized by the U.S. Marshals Service. Bid4Assets has conducted more than two doze ... Continue reading
Hastings Manufacturing Co. to Market Zollner(R) Pistons
Agreement with Karl Schmidt Unisia, Inc. will increase customer service HASTINGS, Mich., March 27 Hastings Manufacturing Company (Amex: HMF), a leading U.S. piston ring manufacturer, today announced it has signed an agreement to become the exclusive marketer and distributor of Zollner(R)-brand pistons in the United Sta ... Continue reading
Ocean Power Corporation Sigma Update
EL DORADO HILLS, Calif.--March 27, 2001--Ocean Power Corporation (OTCBB:PWRE) is pleased to report the following news from Sigma Elektroteknisk AS, Norway. Sigma Elektroteknisk is a fully owned subsidiary of Ocean Power Corporation: Sigma and Ricardo start Stirling design evaluation Sigma announces the plans for a majo ... Continue reading
Pep Boys Promotes Four Officers
Business Editors/Automotive Writers PHILADELPHIA--March 27, 2001--The Pep Boys - Manny, Moe & Jack , the nation's leading full service automotive aftermarket chain, announced the promotion of four officers. George Babich, Jr., 49, who joined Pep Boys in 1996 and was promoted to Senior Vice President-Chief Financial Off ... Continue reading
SAN JOSE, Calif.--March 27, 2001--As a result of re-organization within the petrochemical and chemical industries, the Chinese Synthetic Lubricant industry should prove prosperous in the long term. According to new analysis by Frost & Sullivan (http://chemicals.frost.com), the Chinese Synthetic Lubricant Base Stock Mar ... Continue reading
PARIS--March 27, 2001--Newly formed consortium Albateam (*) has today signed an agreement to acquire Renault's logistics subsidiary CAT creating the first independent automotive logistics group in Europe. Albateam brings together the complementary business skills of three important automotive service providers, ready t ... Continue reading
MDI Expands Business Into New Mexico With Lottery Contract for Harley-Davidson Instant Game
HARTFORD, Conn.--March 27, 2001--The New Mexico Lottery has signed a contract with MDI Entertainment, Inc. (NASDAQ SC: LTRY) for a Harley-Davidson instant ticket promotion scheduled to launch in spring 2001. It will be the 29th Harley-Davidson lottery promotion conducted through the company in North America and the fir ... Continue reading
Business Editors LOS ANGELES--March 27, 2001--MSC.Software Corp. , an established information technology software and services provider helping companies worldwide develop better products faster, announced today an extension of its world-wide corporate agreement with FIAT. FIAT will begin to implement MSC.Software's Au ... Continue reading
Honda Announces Its Revised Forecasts for the Fiscal Year
Honda Motor Co., Ltd. announced its revised forecasts for the fiscal year ending March 31, 2001. This announcement refers to Honda's forecasts that were released on November 8, 2000 together with its financial results for the six months ended September 30, 2000. 1. Forecasts for Consolidated Financial Results 1) Revise ... Continue reading
ValvTect to be Licensed by Clean Diesel Technologies
Clean Diesel Technologies Inc. 0and ValvTect Petroleum Products of Northbrook, Ill., a division of RPM Inc., jointly announced today that the two companies have signed a letter of intent under which ValvTect will be licensed to sell the Platinum Plus(R) bimetallic diesel fuel catalyst to diesel truck fleets and diesel ... Continue reading
Easyriders Inc. Announces Award for TAILGATE Magazine
Easyriders Inc. announced that the launch of TAILGATE magazine, through its subsidiary Paisano Publications Inc., has enjoyed initial success among its custom truck market readership. Recently, TAILGATE received an award from Dr. Samir A. Husini, a.k.a Mr. Magazine, for being among the top 30 most notable launches of t ... Continue reading
CarParts Technologies Closes $18 Million Third Round Funding
CarParts Technologies, the leading developer of supply chain management solutions for the automotive aftermarket, today announced it has closed its third round of funding led by St. Paul Venture Capital, a $3 billion venture capital fund, and @Ventures, the affiliated venture capital arm of CMGI . The capital will be u ... Continue reading
Environmental Solutions Worldwide Announces Sales Orders Of $250,000
Environmental Solutions Worldwide, Inc. (ESW), a company that develops, manufactures and markets environmental technologies, announced that since mid-January 2001, the Company has received orders in excess of one quarter million dollars for its catalytic converters, converter substrates and engine certification service ... Continue reading
IMPCO Continues to Gain Strong Foothold In Growing Indian Market
IMPCO, the World's leading source of advanced alternative fuel systems technology and components for internal combustion engines, today announced that the company has received an initial order from Cummins India for $1.1 million of natural gas fuel systems for buses and trucks. Orders for additional products and system ... Continue reading
Orion Technologies Provides System for Avis Car Rental
Orion Technologies, Inc. announced that its subsidiary Transaction Verification Systems (TVS) has been chosen as the video insertion system for Cendant Corporation's Avis Car Rental Company. TVS, through its dealer network, is supplying the Video Text Insertion System for Avis Car rental locations west of the Mississip ... Continue reading
Volvo: Negotiations Held Regarding Future of Bus Production in Finland
The management of Carrus OY has today requested a meeting with the local trade unions at the plant in Vanda, Finland, for discussions regarding a possible shutdown of bus production. The structural changes in Carrus OY were announced in 1998, which meant that one of three plants - Vanda - would be shut down. Discussion ... Continue reading
Aquajet Ships First Jetbikes, the World's Only Motorcycle for the Water
Aquajet Corp. today announced that it has shipped its first production Jetbikes to customers in the Asia Pacific Rim. The Jetbike is the world's first motorcycle for the water, and will be featured at a major trade show in Japan in April. Ironically, Japan is known for building most of the world's street and off-road m ... Continue reading
ArvinMeritor Purolator Division Honored with Ford World Excellence Award
ArvinMeritor announced that its Purolator Division received Ford Motor Company's Gold World Excellence Award, recognizing the company as one of its top suppliers in the world for performance during 2000. The Annual World of Excellence Award is based on quality, cost and delivery metrics jointly developed by Ford and it ... Continue reading
Carlisle Announces the Acquisition of EcoStar, Inc.
Carlisle SynTec, a wholly-owned subsidiary of Carlisle Companies, Inc., has acquired EcoStar, Inc. of Vernon Hills, Illinois, an emerging participant in the premium steep-slope roofing market. The addition of EcoStar enables Carlisle to participate in the residential roofing market while complementing its flat roof com ... Continue reading
Dana Corporation Reorganizes Commercial Vehicle Systems Unit
Dana Corporation announced that it has reorganized its former Heavy Truck strategic business unit, renaming it the Commercial Vehicle Systems strategic business unit. "This new name more accurately reflects the global markets this unit serves," said Joe Magliochetti, Dana chairman and CEO. "This is not a cosmetic chang ... Continue reading
Delphi Honored By Toyota for Excellence in Quality and Delivery
Delphi Automotive Systems was honored for meeting Toyota Motor Manufacturing North America's (TMMNA) quality and delivery standards at the 2001 TMMNA Annual Business Meeting & Awards Ceremony last week in Covington, Ky. TMMNA presented four Delphi divisions with certificates of achievement for meeting its targets in qu ... Continue reading
Emerging Developments in Automotive 42 Volt Systems
BRG Townsend, Inc., A Business Research Group Company, is pleased to announce the launch of its new study entitled "Emerging Developments in Automotive 42 Volt Systems: A Focus On Materials 2001-2010." This new report, scheduled for publication third quarter 2001, will investigate and assess the factors affecting desig ... Continue reading
Federal-Mogul Plant in South Africa Honored With Ford Award
Federal-Mogul Corporation's Sealing Systems manufacturing facility in Port Elizabeth, South Africa, received Ford Motor Company's Silver World Excellence Award, recognizing the plant as one of Ford's top suppliers in the world for 2000 performance. The World Excellence Award provides annual recognition based on quality ... Continue reading
IMPCO/State of Mexico/World Bank Announce Financing Agreement
IMPCO Technologies, Inc., is the World's leading source of advanced alternative fuel systems technology and components for internal combustion engines today announced that the company has reached an agreement in principle with American Capital Partners, a Mexican Merchant Bank, whereby lease financing for the purchase ... Continue reading
Japan Automakers Cautiously Optimistic Over Japanese Market Outlook
The Japanese auto industry is expressing cautious optimism for auto sales growth in Japan this year, according to Japan Auto Trends the newsletter of the Japan Automobile Manufacturers Association (JAMA). Within Japan, auto industry forecasts predict a 2.2% growth in car and truck sales. Last year car and truck sales g ... Continue reading
Modine Merits U.S. Patent for Unique Engine-Cooling Fan
Modine Manufacturing Company has been granted a U.S. patent for a unique design of an engine-cooling fan. U.S. patent No. 6,165,909, titled, "Radial Fan," describes the invention, which is the brainchild of Michael Ehlers and Bernhard Stephan, two engineers who work at Modine's facility in Bernhausen, Germany. "Modine ... Continue reading
Murata Electronics Introduces The GRM 615 Series Capacitor
High Q Component Increases Performance and Battery Life in Mobile and Handheld Devices Murata Electronics North America (http://www.murata.com), a world-leading innovator in electronics, today announced the introduction of its GRM 615 Series, with a capacitance range of 0.1 - 20pf Offered in standard E24 steps. The com ... Continue reading
Sears Acquires 18 Wards Stores, 10 Auto Centers in Select Markets
In a significant expansion of its retail and national product service businesses, Sears, Roebuck and Co. will add 18 former Wards department stores and 10 freestanding auto centers to its retail base, and could potentially service approximately 2.4 million former Wards service contract customers under an agreement with ... Continue reading
Visteon's Scroll Compressor Delivers Cooling and Energy Efficiencies
PALMELA, Portugal, March 26 The scroll compressor produced by Visteon Corporation at its dedicated facility in Palmela, Portugal, delivers major benefits over conventional, piston-driven compressors. Visteon's scroll compressor design is based on the principle of circle involutes or scrolls, which revolve around each o ... Continue reading
NASCAR WCUP: Ken Schrader Set To Make 500th Career Start At Martinsville
March 27, 2001 Ken Schrader Hackettstown, N.J. - It wasn't magic that got Ken Schrader to his latest milestone in the Winston Cup record books, but simple desire and dedication to a sport that has provided him with a lifetime of enjoyment. Flash and fanfare isn't Schrader's cup of tea, but he deserves a solid pat on th ... Continue reading
SCCA: Detroit, Lime Rock Races Added To World Challenge Schedule
March 27, 2001 ENGLEWOOD, Colo.-The SCCA Pro Racing Speedvision World Challenge has announced two additions to its 2001 Speedvision GT and Touring Car Schedules. The Speedvision GT Championship will travel to the Tenneco Automotive Grand Prix of Detroit June 15-17, while the Speedvision Touring Car Championship will ho ... Continue reading
USAC: Gamester repeats at Irwindale 'K & N Classic'
March 27, 2001 "I told you I'd be back," said Russ Gamester of Peru, Ind. in the post-race interview after winning Saturday night's "K & N Classic" 100-lap USAC Coors Light Silver Bullet race at the Irwindale (Calif.) Speedway. Gamester won a similar race at Irwindale last October. Russ started 20th in the 30-car field ... Continue reading
USAC: Hines takes Irwindale Sprint Race
March 27, 2001 WESTERN SERIES MAKES EL CAJON DEBUT SATURDAY NIGHT Tracy Hines of New Castle, Ind. captured Saturday night's 40-lap USAC Western Sprint Car Series opener at the Irwindale (Calif.) Speedway. He led 37 laps of the race in the Sander Engineering/Barnes Oil Systems Chevy/J & J to beat Randy Bauer, fast quali ... Continue reading
USAC: Tony Elliott opens title defense at Eldora/Anderson
March 27, 2001 Tony Elliott of Kokomo, Ind. opens defense of his Stoops Freightliner/USAC Sprint Car Championship this weekend as two "traditional" races open the 35-race campaign. The "Don Branson/Jud Larson Classic" is slated Saturday night at the Eldora Speedway in Rossburg, Ohio and the second annual "Glen Niebel C ... Continue reading
USAC: Lewis returns to Anderson as points leader Sunday
March 27, 2001 Michael Lewis of Noblesville, Ind. returns to the site of one of his most spectacular performances Sunday afternoon as the WorldCom USAC National Midget Car Series visits the Anderson (Ind.) Speedway as part of the second annual "Glen Niebel Classic" presented by the Stoops Automotive Group. Lewis beat K ... Continue reading
USAC: Streeter leads Western Midget Cars to Stockton Sunday
March 27, 2001 Matt Streeter of Salt Lake City, UT, last year's USAC Western Midget Car "Hard Charger Award" winner, leads the series into this Sunday afternoon's racing program at the Stockton (Calif.) 99 Speedway. Streeter, still seeking his initial USAC feature victory, finished third in the 2001 opener at Bakersfie ... Continue reading
USAR Secures Lance Snacks Sponsorship
March 27, 2001 Fayetteville, GA – USAR President Gene Cox has announced southeastern-based Lance Snacks has signed to sponsor the pole award for all Southern Division races on the 2001 Hooters ProCup Series schedule this season. The sponsorship agreement will include naming rights of the pole award for three of t ... Continue reading
Northern Light IRL: Cheever, Ray put in final tuneup for Miami
March 27, 2001 MIAMI -- Eddie Cheever Jr. and Greg Ray visited Homestead-Miami Speedway on March 26 to cram in a final testing session before the Infiniti Grand Prix of Miami presented by 123.com Americatel on April 6-8 at the track. It was the first opportunity for Cheever Indy Racing to test the new 35A Infiniti engi ... Continue reading
NHRA's 50 GREATEST DRIVERS: Number 36, Blaine Johnson
March 27, 2001 There's no telling how many races and championships Blaine Johnson would have won had his life not been cut short in a crash at the 1996 U.S. Nationals. Seven championships and 53 NHRA national event victories -- the sum of his career numbers and those of Gary Scelzi since Scelzi took over the wheel of t ... Continue reading
NHRA Unveils Owner's Cup Program
March 27, 2001 GLENDORA, Calif. - The National Hot Rod Association (NHRA) announced today the creation of the first-ever NHRA Owner's Cup championship. The new season-long program will grant a separate championship award to individual team owners in three of NHRA's professional categories whose team earns the most poin ... Continue reading
NASCAR WCUP: Tony Stewart ready for 'Texas Two Step'
March 27, 2001 ATLANTA (March 27, 2001) - Tony Stewart, driver of the #20 Home Depot Pontiac in the NASCAR Winston Cup Series, will be doing his own version of the Texas Two Step when the series rolls into Texas Motor Speedway for the Harrah's 500. He'll practice and qualify his Home Depot Pontiac during the day, but a ... Continue reading
NASCAR Trucks: Ribbs Hopes Martinsville Test Pays Short-Track Dividends
March 27, 2001 MARTINSVILLE, VA. (March 26, 2001) – Willie Ribbs took out a little short-track insurance Monday. Ribbs showed up Monday morning at Martinsville Speedway with Bobby Hamilton, who owns the Dodge Ribbs drives on the NASCAR Craftsman Truck Series. Ribbs was in town to pick up a few points on the fine ... Continue reading
NASCAR WCUP: Sadler Savors Win, Then Crawls Back Behind The Wheel At Martinsville
March 27, 2001 MARTINSVILLE, VA. – After more than three hours of high-speed driving on the way to his first Winston Cup victory Sunday, Elliott Sadler found the best way to relax was to get back behind the wheel. About five hours after scoring his first career Winston Cup win at Bristol Sunday, five hours filled ... Continue reading
FORMULA ONE: Honda goes west: Brazilian Grand Prix Preview
March 27, 2001 Formula One crosses continents to South America this weekend for the Brazilian Grand Prix at Interlagos, Sao Paolo, for round three of the 2001 FIA Formula One World Championship and the last 'flyaway' race before the international circus' European season begins. Honda and its partner teams, Lucky Strike ... Continue reading
TRACKS: Motorcycle Madness Hits Sears Point Raceway with Sonomafest 2001
March 27, 2001 SONOMA, Calif. - Motorcycle madness will invade Sears Point Raceway as Sonomafest 2001roars into the Sonoma Wine Country for the sixth consecutive year. Co-founded by Sears Point Raceway and Cycle World magazine, Sonomafest features everything from group motorcycle rides through the scenic wine country, ... Continue reading
NASCAR WCUP: Benson Relies On Hendrick Power Under Hood
March 27, 2001 One of the keys to #10 Valvoline Pontiac driver Johnny Benson’s early season success in 2001 revolves around the work of Hendrick Motorsports. Benson and his Valvoline Racing teammates see Hendrick’s Jeff Gordon, Terry Labonte, and Jerry Nadeau as rivals on the track, but they regard Hendrick ... Continue reading
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