AutoZone EPS Up 36%; ROIC Improves to 22.3%; New Director Elected
MEMPHIS, Tenn., May 27 -- AutoZone, Inc. today reported sales of $1.288 billion for its third fiscal quarter (12 weeks) ended May 10, 2003, an increase of 5.2% from fiscal 2002. Same store sales, or sales for domestic stores open at least one year, increased 2.8% during the quarter, including flat retail comparable sal ... Continue reading
AutoInfo, Inc. Announces New $1.5 Million Credit Facility with Wachovia Bank
BOCA RATON, Fla.--May 27, 2003--AutoInfo, Inc. (OTCBB:AUTO), a non-asset based third party logistics service provider, today announced the completion of a $1.5 million credit facility with Wachovia Bank secured by accounts receivable. The loan provides for interest at prime plus 1/2% per annum. This facility replaces t ... Continue reading
Glacier The Budweiser Autosport 2003 Show will broadcast live from McGilvery's Speedway, 30th and High School, beginning at 7:00 PM (CDT). Guests will be from the short track racing that is taking place through out the area on the Memorial Day holiday weekend. A very special guest will also be with us on Tuesday evenin ... Continue reading
Donaldson Company Announces Record Third-Quarter and Nine-Month Results
MINNEAPOLIS--May 27, 2003-- Record Third Quarter EPS up 19 Percent at $.56; Revenue up 12 Percent to Record $302 Million; Company Affirms Expectation of 14th Consecutive Year of Double-Digit Earnings Growth Donaldson Company, Inc. , today reported record diluted earnings per share of $.56 for the third fiscal quarter e ... Continue reading
Medallion Pays Off Entire Bank and Noteholder Facility; Adds Another Independent Director
NEW YORK, May 27 -- Medallion Financial Corp. announced today that it has successfully terminated all of its outstanding obligations to its prior bank group and senior noteholders in its largest operating subsidiary, Medallion Funding Corp., by paying off all remaining amounts. This follows last month's similar payoff ... Continue reading
Multimedia Available: Nissan Inaugurates New Plant In Canton, Miss.
-- Nissan President and CEO Carlos Ghosn today joined more than 2,000 employees and guests at a launch event marking the start of production at the company's new $1.4 billion assembly plant in Canton, Miss. With the capacity to produce 400,000 vehicles a year, the facility will build the Nissan Quest minivan, Nissan Pa ... Continue reading
Key Automotive Group Unveils Restructuring of Breed Technologies
DETROIT, May 27 -- Breed Technologies, Inc., a member of the Key Automotive Group family of companies, announced a restructuring and new strategic direction for the company after a week-long meeting of the leadership of Breed and new Chairman and Chief Executive Officer B. Edward Ewing. The changes include a renewed fo ... Continue reading
American Axle Selects I.D. Systems, Inc. for Wireless Industrial Fleet Management Program
HACKENSACK, N.J., May 27 -- I.D. Systems, Inc. announced today that American Axle & Manufacturing Holdings, Inc. has ordered an initial deployment of I.D. Systems' Wireless Asset Net(TM) industrial fleet management system at one of its Michigan plants. American Axle, which in 2002 established record sales and earnings ... Continue reading
DEARBORN, Mich., May 27 -- Amerigon Incorporated today announced that it held its Annual Meeting of Shareholders, Thursday, May 22, 2003, at its offices in Dearborn, MI, as scheduled. A quorum of shareholders was present in person or by proxy. All proposals submitted to the shareholders were approved, including the ele ... Continue reading
Car thieves enjoy one in 200 chance of getting away with it!
Altrincham, Cheshire, May 27 -- Car thieves could run a one in 200 chance of stealing a car and suffering little or no penalty for their crime, reports stolen vehicle tracking company NavTrak. Based on the Home Office's statistics of 330,000 'reported theft of a vehicle' cases in 2002, just over 51,000 cases were dealt ... Continue reading
SOUTHAMPTON, Pa., May 27 -- Environmental Tectonics Corporation's (AMEX:ETC) Testing and Simulations Systems Division today announced that it has been awarded a contract to design an advanced test system for one of the premier International Race Car Engine Manufacturer. The system will control the speed, temperature an ... Continue reading
DETROIT, May 27 -- Bullets fly, cars launch into the air, and hearts pound during the most intense car chase scene ever filmed. Now get the inside story on the 15-minute pursuit everyone's talking about in the Summer blockbuster, "Matrix: Reloaded," only on TheCarConnection.com. When Matrix filmmakers went looking for ... Continue reading
DANBURY, Conn.--May 27, 2003--FuelCell Energy will hold its quarterly conference call to discuss second quarter results on Tuesday, June 3, 2003, at 10:00 a.m. Eastern Time. This call is being webcast by CCBN and can be accessed at FuelCell Energy's web site at www.fce.com. The webcast is also being distributed over CC ... Continue reading
Key Automotive Group Unveils Restructuring of Breed Technologies
DETROIT--May 27, 2003--Breed Technologies, Inc., a member of the Key Automotive Group family of companies, announced a restructuring and new strategic direction for the company after a week-long meeting of the leadership of Breed and new Chairman and Chief Executive Officer B. Edward Ewing. The changes include a renewe ... Continue reading
FINDLAY, Ohio--May 27, 2003--MaxQ Technologies' (MaxQ) CEO, Michael Linn today announced that Manufacturers Equipment and Supply Company (MESCO), a leading industrial distributor specializing in tool products for the tool manufacturing and integration industries, will implement a combined Microsoft Business Solutions a ... Continue reading
--California High-Speed Rail Authority WHO: California High-Speed Rail Authority WHEN: Tuesday, May 27, 9:00 a.m. WHERE: Irvine City Hall, City Council Chambers, One Civic Center Plaza, Irvine INFO: In what should put to rest the hotly contested debate over options for connecting San Diego and Orange Counties to the st ... Continue reading
Spartan Motors Announces Strategic Plan for Ambulance Operations
Road Rescue to consolidate ambulance operations at Marion, South Carolina facility CHARLOTTE, Mich., May 27 -- Spartan Motors, Inc. today announced a strategic growth plan for its Road Rescue(R) ambulance unit, including the decision to consolidate operations at its facility in Marion, S.C. by the end of 2003. The Char ... Continue reading
Carmichael turns 90 at Mount Morris motocross
AMA/Chevy Trucks U.S. Motocross Championship Round 3: Mount Morris, Pennsylvania May 25, 2003 Carmichael turns 90 at Mount Morris motocross The 2003 AMA U.S. Motocross & Supercross Championship Media Guide lists Jeremy McGrath at the top of the "All Time Wins Combined" chart with 89 victories. But as of May 25, 2003, t ... Continue reading
Celebrate the Centennial of Ford Motor Company; Thursday, May 29th 2003 from 11:00 a.m. to 6:00 p.m.
Inner Harbor and McKeldin Square Baltimore Inner Harbor Baltimore, MD Join us on Thursday, May 29th for a celebration of the 100 year history of Ford Motor Company, featuring: -- Extensive collection of vintage and contemporary vehicles -- Historical display highlighting 100 years of Ford Motor Company -- Trivia contes ... Continue reading
CSK Auto Corporation to Report First Quarter Financial Results on June 4
PHOENIX, May 27 -- On Wednesday, June 4, 2003, CSK Auto Corporation will report its first fiscal quarter financial results immediately after market close, and invites investors to listen to a broadcast of the Company's conference call that will follow at 5:00 p.m. (ET). Investors may listen to a simultaneous webcast of ... Continue reading
David A. Reed Elected a Director of Drew Industries Incorporated
WHITE PLAINS, NY, May 27 -- Drew Industries Incorporated (AMEX:DW) today announced that its Board of Directors elected David A. Reed as a director of the Company. Mr. Reed will serve as Chairman of the Audit Committee and as a member of Drew's Corporate Governance and Nominating Committee. The addition of Reed expands ... Continue reading
GHENT, Belgium--May 27, 2003--Digital maps from Tele Atlas are used to provide better safety and emergency help with the Benefon Life Line system. The Finnish company has just launched this solution for small organisations and professional users with high requirements for employee safety. Through better communication a ... Continue reading
EMA Adds New Technical Director to Its Staff
CHICAGO--May 27, 2003--The Engine Manufacturers Association (EMA) announced today that it is enhancing its support to member companies by adding the position of Technical Director to its staff. Filling the position is Mr. Roger Gault who joined EMA on May 19, 2003. Gault brings a strong knowledge base of the engine ind ... Continue reading
Federal-Mogul Receives Supplier of the Year Award From Leading Canadian Wholesale Auto Parts Group
SOUTHFIELD, Mich., May 27 -- Federal-Mogul Corporation has been named 2002 "Supplier of the Year" by Uni-Select Pacific Inc., a leading group of automotive parts wholesalers operating under the Autoplus and Auto Parts Plus banners in British Columbia, Canada. (Logo: http://www.newscom.com/cgi-bin/prnh/20000525/DETH025L ... Continue reading
International Speedway Corporation Announces Closing Of Secondary Equity Offering
Underwriters Exercise Over-Allotment Option DAYTONA BEACH, Fla., May 27 -- International Speedway Corporation (BULLETIN BOARD: ISCB) ("ISC") today announced the closing of a previously announced secondary offering of 3,999,264 shares of its Class A Common Stock at a public offering price of $35.50 per share, which incl ... Continue reading
Northwood University and University of Toyota to Co-Market Management Development Program
Effort Signals First Opportunity for Non-Toyota Dealers to Receive Flagship Executive Management Program TORRANCE, Calif., May 27 -- The University of Toyota School of Retail Professional Development and Midland, Michigan's Northwood University announced today the first joint project of the newly-formed University of T ... Continue reading
Press Release on Automotive Industry Release
Global Synergies, Inc. For Immediate Release Contact: Anthony Taylor Or Kim Madeleine KRM Communications (734) 591-7799 The Impact of Trust on Multi-Cultural Business Practices in the Automotive Industry To Be Addressed in Half-Day Seminars in Troy and Dearborn *Seminars Hosted By Detroit-Areaâ™s Global Synergies, ... Continue reading
Asset Caption: Lindholmen Science Park - New $400M Telematics Science Park Asset Caption: Web-ready logo Asset Caption: Press releaseAsset Description: Word document file Asset Caption: Downloadable headline & body textAsset Description: Text file containing headline & body text Business Editors/High-Tech Writers NOTE ... Continue reading
CEC's Homeland Security Project May Lead to Advances in Decontainimation Technology
CLEVELAND--May 27, 2003--Our security as a nation is threatened every day by bio-terrorism and chemical warfare attacks. Daily threats already exist from SARS, Mad Cow Disease, Staphylococci, Meningitis, and a host of other highly contagious and communicable diseases. CEC Consultants, Inc. has been retained by the Batt ... Continue reading
Hales Corners Speedway, Franklin, Wis. Monday may 26
Crisp, Becker Take Demo Wins Franklin, Wis., May 26 â“ The Memorial Day Demolition Derby tradition continued at the Hales Corners Speedway where Ryan Crisp and Ed Becker blasted their way through over 125 other destruction minded competitors to take the wins in the Lightweight and Heavyweight feature events Monday ... Continue reading
Kalfact Plastics Secures Multi-Million Dollar Contract with Magna Donnelly
ROCKFORD, Mich.--May 27, 2003-- Investments in Plant, Systems, Processes Laid Foundation to Secure Engagement Kalfact Plastics Company, a Michigan injection molder specializing in multi-shot molding, has won a multi-million dollar contract with automotive supplier Magna Donnelly Corporation, Kalfact officials announced ... Continue reading
MOWLEM AND STANTON TO TEAM AT PETERSEN MOTORSPORTS/ WHITE LIGHTING RACING IN ALMS
MOWLEM AND STANTON TO TEAM AT PETERSEN MOTORSPORTS / WHITE LIGHTNING RACING IN ALMS LAS VEGAS, May 27, 2003 - Petersen Motorsports/ White Lightning Racing, who finished second in a close GT-class battle at the season-opening 12 Hours of Sebring, is pleased to announce that Johnny Mowlem, of Warfield, England, and Craig ... Continue reading
-- Sweden, the internationally recognized leader in automotive safety and telematics, announced the formation of a new applied R&D program for Intelligent Vehicle Safety Systems (IVSS). The IVSS program, which is open to international companies and partners, will focus on the development, testing, and implementation of ... Continue reading
REGI U.S., Inc. -- STODD International Appointed as Agent for Rand Cam Technology
VANCOUVER, British Columbia--May 27, 2003--REGI U.S., Inc., (OTCBB:RGUS) U.S. subsidiary of Reg Technologies, Inc. (TSX VENTURE::RRE.V)(OTCBB:REGRF), wishes to announce that STODD International has been appointed as our agent for raising funds up to US$6 million for the development of the Rand Cam(TM) technology, inclu ... Continue reading
Roadway Express Earns Top Industry Safety Awards from California Trucking Association
AKRON, Ohio--May 27, 2003--Roadway Express, Inc., one of the nation's leading less-than-truckload freight carriers, was honored at the California Trucking Association's (CTA) annual Safety Awards Banquet on May 6, 2003 in Sacramento, CA. Accepting the two first place awards on behalf of Roadway were Larry Koeneke and L ... Continue reading
TTTech to Host Time-Triggered Protocol Seminar and Workshop
Ideally Suited for Automotive Safety-Critical Applications TUCSON, Ariz., May 27 -- TTTech Computertechnik AG, the leading supplier of time-triggered technology and software, is hosting a Seminar and Workshop on its Time-Triggered Protocol (TTP(R)) at the Michigan Manufacturing Technology Center (MMTC), Plymouth, Mich. ... Continue reading
Ultimate Security Systems Corporation and ImmunoTechnology Corporation Announce Stock Split
IRVINE, Calif., May 27 -- Ultimate Security Systems Corporation (USSC) of Irvine, Calif., manufacturer of the Power Lock(TM) vehicle security system and ImmunoTechnology Corp. (BULLETIN BOARD: IMNT) , have announced the confirmation of a 5 to 1 forward stock split of IMNT outstanding common stock. The transaction will ... Continue reading
GORDON TO CO-HOST "LIVE WITH REGIS AND KELLY" ON MAY 28
FOR IMMEDIATE RELEASE FURTHER INFO: Jon Edwards Performance PR Plus (704) 377-8727 Pprplus50@aol.com GORDON TO CO-HOST "LIVE WITH REGIS AND KELLY" ON MAY 28 HARRISBURG, N.C. - Jeff Gordon, four-time NASCAR Winston Cup champion and driver of the No. 24 DuPont Chevrolet, is scheduled to make his fourth appearance as a co ... Continue reading
Benson Dover Preview The Nascar Winston Cup Series visits Dover, Del. this weekend bringing its usual assortment of drivers, teams, exciting racing and of course rain. Reports say rain has altered racing during 8 of the 14 Nascar weekends in 2003. On Sunday, Nascar stopped the 600-mile race in Charlotte after 276 of th ... Continue reading
Takagi Named Indy 500 Rookie of the Year
Contact: Laz Denes, 256-657-6190 ldenes@monunnracing.com www.monunnracing.com media information Takagi Named Indy 500 Rookie of the Year To Cap Eventful Month for Mo Nunn Team INDIANAPOLIS (Tuesday, May 27, 2003) - Tora Takagi became the first Japanese native to be named Bank One Rookie of the Year at last night's 87th ... Continue reading
Casey Mears, #41 Target Dodge, MBNA America 400 Advance
Casey Mears, #41 Target Dodge, MBNA America 400 Advance RACE INFORMATION: EVENT: MBNA America 400 (race 13 of 36) TRACK: Dover International Speedway QUALIFYING: Friday, May 30, 2:30 p.m. ET RACE: Sunday, June 1, 1:00 p.m. ET BROADCAST: FX television and MRN radio TARGET TEAM FACTS: -Chassis: Team Target will take chas ... Continue reading
Jamie McMurray Dover Race Advance
Media Contact: Jason Wise Chip Ganassi Racing (704) 500-6121 jwise@ganassi.com <mailto:jwise@ganassi.com> Jamie McMurray, No. 42 Havoline Dodge MBNA American 400 Race Advance RACE INFORMATION: EVENT: MBNA American 400 TRACK: Dover International Speedway QUALIFYING: Friday, May 30 at 2:35 p.m. EST RACE: Sunday, June 1 a ... Continue reading
Sterling Marlin, #40 Coors Light Dodge, MBNA America 400 Advance
Sterling Marlin, #40 Coors Light Dodge, MBNA America 400 Advance RACE INFORMATION: EVENT: MBNA America 400 (race 13 of 36) TRACK: Dover International Speedway QUALIFYING: Friday, May 30, 2:30 p.m. ET RACE: Sunday, June 1, 1:00 p.m. ET BROADCAST: FX television and MRN radio COORS LIGHT TEAM FACTS: -Chassis: The Coors Li ... Continue reading
Nissan Expands North American Lineup with New Minivan, Full-Size Trucks/SUVs
Business Editors/Automotive Writers NOTE TO MEDIA: Multimedia assets available A photo is available at URL: http://www.businesswire.com/cgi-bin/photo.cgi?pw.052703/bb6 CANTON, Miss.--May 27, 2003--Nissan President and CEO Carlos Ghosn today joined more than 2,000 employees and guests at a launch event marking the start ... Continue reading
AutoPort Delivers 'Showroom Condition' Cars to at LPGA Ronald McDonald House Golf Tournament
NEW CASTLE, Del.--May 27, 2003-- Port processing company lends a hand for ninth year in a row Preparations are underway at AutoPort, Inc. to assure the 150+ new vehicles donated by Ford Motor Company are ready to escort players and celebrities during the LPGA Ronald McDonald House Golf Tournament, June 5 - 8, at the Du ... Continue reading
GORDON WANTS TO "DE-THRONE" TEAMMATE AT DOVER
FOR IMMEDIATE RELEASE FURTHER INFO: Jon Edwards Performance PR Plus (704) 377-8727 Pprplus50@aol.com GORDON WANTS TO "DE-THRONE" TEAMMATE AT DOVER DOVER, Del. - Jeff Gordon, one of only three drivers to win three straight races at Dover International Speedway, will look to capture his fifth victory at Dover this Sunday ... Continue reading
Chrysler Pacifica Safe Car...OOPs I mean Wagon... OOPs I mean Crossover
http://www-video.daimlerchrysler.com/dctv/videos/2 0030520_e.ram Chrysler Pacifica The Chrysler Pacifica is one of the safest cars on the roads. ... Continue reading
WASHINGTON--May 27, 2003--Families searching for the perfect Father's Day gift, look no further! A survey conducted by Harris Interactive shows that 80 percent of men want home improvement related gifts, and a newly reorganized garage ranked number one with almost one-third of Dads -- beating out house painting, gutter ... Continue reading
Joint Marketing Agreement Will Maximize Supply Chain Reach and Efficiency AUSTIN, Texas and IRVINE, Calif., May 27 -- CCITRIAD, an industry leader in data services, management and information systems for the automotive aftermarket, and DST, Inc., a leading provider of systems and services to the automotive and heavy-du ... Continue reading
9 of 10 Ward's Ten Best Engines Designed With AVL Simulation Software
AVL's Impact on Engine Development Growing Globally DETROIT, May 27 -- The engines on Ward's Auto World's 10 Best Engines may have come from America, Germany and Japan, but some of the brains behind the brawn have roots in Austria. Ward's editors nominated 29 engines for Best Engines consideration. All were required to ... Continue reading
Aisin Technology Enhances Performance of GM ' New Variable Valve V6 Engine
DETROIT, May 27 -- Aisin World Corp. of America (AWA) today announced that it has started production and shipment of its Variable Valve Timing (VVT) System for General Motors' new 3.6L V6 engine to debut on the new 2004 model year Cadillac CTS in August, 2003. AWA President Junichi Nishimura said, "As a business partne ... Continue reading
Tower Automotive to Relocate Ford Ranger Frame Production from Milwaukee to Bellevue, Ohio
GRAND RAPIDS, Mich.--May 27, 2003-- Move will improve company's cost structure Tower Automotive, Inc. , announced today that it will relocate the production of high-volume frame assemblies for the Ford Ranger currently performed at its Milwaukee facility to its Bellevue, Ohio, business unit. This action is part of the ... Continue reading
Will This Happen Here? GPS Maps Way Off In Japan
Tokyo May 27, 2003; The Asahi Shimbun reported that it was a mystery that left drivers in island regions scratching their heads: On their in-car vehicle navigation system, drivers watched bewildered as their cars appeared to be motoring across the ocean when they were very definitely cruising along on solid ground. Now ... Continue reading
Julio Caspari Named President of ZF Group North American Operations
FLORENCE, Ky., May 27, 2003; ZF a leading worldwide automotive supplier of driveline and chassis technology -- named Julio Caspari as President of ZF Group North American Operations, effective June 1, 2003. He takes over the position from Bernd Habersack, who will remain with ZF as a Member of the Board of Management r ... Continue reading
China's Vehicle Imports More Than Double On Year
BEIJING May 27, 2003; Dow Jones reported that China's vehicle imports more than doubled on year in the first four months of 2003, driven by a surging domestic market for automobiles, state media reports, citing figures from the Ministry of Commerce. In the January-April period, imports of whole vehicles totaled 61,100 ... Continue reading
April Auto Output Toyota Up - Nissan Flat - Honda Down
TOKYO, May 27, 2003; Reuters reported that Japan's largest automaker, Toyota Motor Corp said global output rose 8.1 percent in April from a year earlier to 485,070 vehicles. Third-ranked Nissan Motor Co produced 224,398 vehicles worldwide, flat from the year-earlier month. Honda Motor Co said earlier its global product ... Continue reading
FOR IMMEDIATE RELEASE Contact: John Thawley johnthawley@GoRevolution.com 248.227.0110 Bobby Sak Second On The Podium For The Lime Rock Grand Prix Hayner recovers to capture fourth Lime Rock Park, Conn. – May 26, 2003 – Driving a near perfect race, Rookie of the Year contender, Bobby Sak, drove the #10 Revol ... Continue reading
ROCKETSPORTS RACING DRIVER NOTES AND QUOTES MOHEGAN SUN PRESENTS THE LIME ROCK PARK GRAND PRIX MONDAY, MAY 26, 2003 - POST-RACE JOHNNY MILLER, DRIVER OF THE NO. 64 EATON CUTLER-HAMMER JAGUAR XKR, WON THE MOHEGAN SUN PRESENTS THE LIME ROCK PARK GRAND PRIX TRANS-AM RACE AFTER STARTING ON THE POLE. For the first time this ... Continue reading
Microvision's Nomad Augmented Vision System Increases Mechanic Efficiency by 39% in Trial
BOTHELL, Wash.--May 27, 2003-- Use of Nomad System aimed at improving customer satisfaction Microvision, Inc. today announced that in a field trial of the Nomad Augmented Vision System at the American Honda Motor Company training center, Torrance, CA, Microvision and Honda measured average increases of 39% in the effic ... Continue reading
Advanstar Roars into Las Vegas with the Launch of Big Twin West
SANTA ANA, Calif.--May 27, 2003--Big Twin aftermarket manufacturers can now benefit from an exclusive venue designed to market their products to notoriously hard-to-reach western retailers. Advanstar Communications today announced the launch of Big Twin West -- a sister show of the popular Big Twin East -- their most r ... Continue reading
China Car Maker Brilliance Lowers Zhonghua Sedan Prices
HONG KONG, May 27, 2003; Reuters reported that Chinese automobile maker Brilliance China Automotive Holdings CBA.N said on Tuesday it had cut prices of its manual-transmission Zhonghua sedans by up to 6.5 percent to clear stocks before it launches a new version. "We have stock of about 1,500 manual sedans and we would ... Continue reading
Mitsubishi Motors Triples Profits On Turnaround With DaimlerChrysler
TOKYO May 26, 2003; Yuri Kageyamam writing for the AP reported that Mitsubishi Motors Corp. reported Monday that its profits for the fiscal year tripled to 37 billion yen ($317 million) as cost cuts and growing sales in North America offset its money-losing Japan operations. The profits for the fiscal year ended March ... Continue reading
Mississippi Shows That Southern Hospitality For Nissan Pick-up Factory
Atlanta Georgia May 26,2003; Betty Liu writing for the Financial Times.Com reported that on Tuesday May 27, 2003, Nissan will open a $1.4 billion plant in Canton, Mississippi, signalling the emergence of the Japanese carmaker in the competitive US pick-up truck market and highlighting Mississippi's aggressive approach ... Continue reading
Mazda to Stop Building Luxury Millenia
TOKYO, May 27, 2003; Reuters repeated that Mazda Motor Corp is set to withdraw from the luxury car market, business daily Nihon Keizai Shimbun said on Tuesday. Mazda, one-third owned by Ford Motor Co, will stop production of the Millenia -- its only remaining luxury model -- by the end of this year and halt sales by th ... Continue reading
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