Ward's Reports Estimated North America Vehicle Production
SOUTHFIELD, Mich., June 27 -- Vehicle production this week in the U.S., Canada and Mexico is expected to hit an estimated 340,196 units, down from the 348,166 cars and trucks built last week, according to Ward's Automotive Reports. Including this week's estimates, calendar year North American output now totals 8,511,61 ... Continue reading
Chinese Knock-Offs May Include GM Cars
Near-identical car sparks new Chinese piracy fears SHANGHAI, June 27, 2003; Ben Blanchard writing for Reuters reported that - Foreigners have long railed against pirated software and CDs in China. The latest complaint? Copy-cat cars. Automakers in the country's booming vehicle sector, frustrated with what they deem int ... Continue reading
BMW May Add Models To US Manufacturing To Take Advantage of Cheap Dollar
FRANKFURT, June 27, 2003; Reuters reportesd that Germany's BMW may start building more cars in the United States, the head of the group's sales and marketing told a newspaper on Friday, a move that would reduce the firm's exposure to currency fluctuations. BMW currently produces around 150,000 Z4 roadster and X5 sports ... Continue reading
IMPCO Announces Debt Plans and Commitments for $32 Million
CERRITOS, Calif., June 26 -- IMPCO Technologies, Inc. announced today it has received a commitment for a $12 million revolving line of credit through LaSalle Business Credit, LLC and a separate commitment from Bison Capital Asset Management LLC for a $20 million senior subordinated secured facility. These facilities, w ... Continue reading
Indigo Systems Elects Harvard-based Stephen P. Kaufman to Board
GOLETA, Calif., June 26 -- Indigo Systems Corporation, a global provider of infrared (IR) cameras and camera systems, announces the election of Stephen P. Kaufman to its Board of Directors. Mr. Kaufman is currently a Senior Lecturer of Business Administration at the Harvard Business School. Affiliated with the Technolo ... Continue reading
MSC.Software Completes Multi-Phase Full Vehicle NVH Process Services Engagement for Hyundai
Leading Global Automotive Manufacturer Engages MSC.Software Professional Services Team to Optimize NVH Process, Increase Confidence in Simulated Models and Improve Performance and Quality SANTA ANA, Calif., June 26 -- MSC.Software Corp. , the leading global provider of virtual product development (VPD) products includi ... Continue reading
ALGOR Announces ALG/NASTRAN for Industry-Standard Compatibility
PITTSBURGH--June 26, 2003--ALGOR, Inc., a leading maker of software for mechanical engineers, announced the release of ALG/NASTRAN, a new NASTRAN product that was developed to provide full compatibility with existing NASTRAN input and output files so that existing NASTRAN and/or FEMAP users can benefit from ALGOR's val ... Continue reading
American Axle & Manufacturing to Webcast and Teleconference Second Quarter 2003 Earnings July 24th
DETROIT, June 26 -- American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, will hold a briefing with automotive institutional investors and security analysts, news media representatives and other interested parties at 3:00 p.m. EDT on Thursday, July 24, 2003. AAM's Co-Founder, Chairman ... Continue reading
TROY, Mich., June 26 -- ArvinMeritor, Inc. today announced that Vernon Baker, senior vice president and general counsel, has received the Minority Corporate Counsel Association's (MCCA) 2003 Trailblazer Award. The award, presented at ceremonies June 25 in Washington, D.C., recognizes the outstanding achievements of min ... Continue reading
Dana Corporation Completes Sale of Parish Structural Products Operation in Thailand
TOLEDO, Ohio, June 26 -- Dana Corporation announced today that it has completed the sale of its Parish Structural Products (Thailand) Ltd. (PSPT) operation in Bangpakong, Thailand, to AAPICO Hitech Public Co., Ltd., a Thai automotive supplier. Located just south of Bangkok, PSPT produces frame components for the Isuzu ... Continue reading
Fitch Affirms Eaton's Debt Ratings; Changes Outlook to Positive
CHICAGO--June 26, 2003--Fitch Ratings has affirmed Eaton Corp's (Eaton) debt ratings at 'A-' for senior unsecured and 'F2' for short-term debt and changed the Rating Outlook to Positive. The ratings affirmations reflect Eaton's ability to generate solid free cash flow from operations based on leading product lines with ... Continue reading
Fleetguard Releases Environmentally Friendly Enviroguard Crankcase Ventilation System
NASHVILLE--June 26, 2003--Fleetguard Inc. is introducing a new line of products designed to address diesel crankcase emissions. The new line, called Enviroguard(TM), uses patented technologies to control oil drip and filter crankcase aerosols in diesel engine applications. The new Enviroguard(TM) system engine performa ... Continue reading
INTERMET to Acquire Remaining 50-Percent Interest in Portuguese Joint Venture
Move strengthens INTERMET's position in Europe as a leading producer of highly engineered ductile-iron components TROY, Mich., June 26 -- INTERMET Corporation , one of the world's leading manufacturers of cast-metal automotive components, and Grupo Jorge de Mello of Portugal, announced today that the companies have ent ... Continue reading
Fourth of July is Traditionally Deadly Time on the Highways WHAT: Regional Launch of "You Drink & You Drive. You Lose." national crackdown on impaired driving campaign in which law enforcement agencies step up their efforts to deter drunk driving. As the 4th of July holiday approaches and the Kansas City Royals play ho ... Continue reading
Myers Industries Declares Quarterly Dividend
AKRON, Ohio--June 26, 2003--The Board of Directors of Myers Industries, Inc. today declared a regular $.05 per share dividend. The dividend will be paid October 1, 2003, to shareholders of record as of September 5, 2003. Myers Industries, Inc. is an international manufacturer of polymer products for industrial, agricul ... Continue reading
Phoenix Gold Receives Nasdaq Notification and Requests Hearing
PORTLAND, Ore., June 26 -- Phoenix Gold International, Inc. today announced that the Company received a Nasdaq Staff Determination on June 24, 2003 indicating the Company fails to comply with the minimum market value of publicly held shares requirement for continued listing set forth in Marketplace Rule 4310(c)(7), and ... Continue reading
Rexnord Corporation Reports Fourth Quarter and Fiscal Year 2003 Results
MILWAUKEE--June 26, 2003--Rexnord Corporation, a leading manufacturer of highly engineered mechanical power transmission components, today reported its summary results for the fourth quarter and fiscal year ended March 31, 2003. As noted in the Consolidated Financial Statements, the acquisition of Rexnord on November 2 ... Continue reading
Textron Sells Camelin Unit to Camelin Investissements
PROVIDENCE, R.I.--June 26, 2003--As part of its ongoing effort to divest non-core assets, Textron Inc. today announced the sale of its Camelin business unit to Camelin Investissements, an investor group led by the unit's production manager. Camelin, a unit of Textron Fastening Systems, produces components for car braki ... Continue reading
LIBBY, Mont., June 26 -- Treasury International Inc. (BULLETIN BOARD: TRUY) announces subsidiary RaceAway Hospitality, Inc. plans to offer weekend NASCAR travel packages to corporations as an executive perk, customer entertainment-retention tools. RaceAway's marketing documents highlight the prominent use of limos, pit ... Continue reading
Eletra, Developer of Hybrid Bus Technology Honored At The World Technology Awards
SAO PAOLO, Brazil, June 26 -- Eletra, the Brazilian company that developed hybrid bus technology, which generates onboard energy by combining a diesel engine, electric generator and battery bank, was awarded second place in the energy category at the World Technology Awards in San Francisco, California on June 25. Elet ... Continue reading
DENSO Formally Elects New President and CEO
JapanCorp: <http://www.japancorp.net/?page_num=1> DENSO Formally Elects New President and CEO Tokyo, Japan, June. 27, 2003 - (JCN Newswire) - DENSO Corporation today announced president and CEO and senior management changes, which were voted upon at today's annual shareholders meeting. Koichi Fukaya was appointed presi ... Continue reading
Auto Club: Gas Prices Level Off After Dramatic Jump
LOS ANGELES--June 27, 2003--Gasoline prices began leveling off throughout much of the Southwest last week following price spikes caused by production interruptions at three Northern California refineries, according to the Automobile Club of Southern California's Weekend Gas Watch. Gasoline production has returned to no ... Continue reading
Fiat Group Plans to Cut 12,300 Jobs
TURIN, Italy June 26, 2003; The AP is reporting that Fiat SpA plans to slash 12,300 jobs worldwide over the next three years and close a dozen factories -- part of a turnaround plan unveiled Thursday designed to return the struggling conglomerate to profitability in 2006. The three-year, $22.5 billion investment plan w ... Continue reading
New Delo Truck Exhibit Enters Fifth Year of Service With New Tractor and Graphics
LAS VEGAS--June 26, 2003--ChevronTexaco Global Lubricants (CTGL), a leading provider of heavy-duty engine oils, lubricants and coolants, today announced that its Delo(R) Truck has entered its fifth year of service with the rollout of new graphics and a new Kenworth tractor. The Delo Truck serves as a rolling exhibit, d ... Continue reading
Cosworth Technology and Altair Engineering Form Engineering Partnership
TROY, Mich.--June 26, 2003--Altair Engineering (www.altair.com), a Troy, Mich.-based international product design and consulting company, and Cosworth Technology, Inc. (www.cosworth-technology.com), a global powertrain engineering services supplier, announced an agreement to pool their resources to fully develop automo ... Continue reading
Terry Borcheller - Mid-Ohio preview
speedy summer Terry Borcheller continues his fast-paced summer with two races at Mid-Ohio Sports Car Course this week. After a quick stop at home in Phoenix, he'll travel to Lexington, Ohio for a Rolex Sports Car Series race on Saturday evening, followed by a Grand-Am Cup GS race on Sunday afternoon. Borcheller and For ... Continue reading
Electric Vehicles 'ZAP!' Lansing, Michigan
LANSING, Mich., June 26 -- Lansing residents now have several ways to 'ZAP' the rising price of gas with some new battery powered vehicles from ZAP (BULLETIN BOARD: ZAPZ) . The California electric transportation pioneer announced today that its electric cars, scooters, bicycles and more are now available in Lansing, Mi ... Continue reading
Mitsubishi Electric Licenses HD Radio(TM) Technology for the Automotive Market
iBiquity Continues its Automotive Licensing Momentum with OEM Leaders COLUMBIA, Md., and WARREN, N.J., June 26 -- iBiquity Digital Corporation, the sole developer and licenser of HD Radio technology, and Mitsubishi Electric Corporation , announced today that Mitsubishi Electric has signed a license to develop products ... Continue reading
The DaimlerChrysler Corporation Fund Helps Fight the AIDS Pandemic in Africa
DaimlerChrysler's Frank Fountain Chairs the U.S.-Africa Business Summit in Washington, D.C. * Fountain to host President George W. Bush at African Summit * Key Themes Focus on Economic Development and AIDS support for African Countries AUBURN HILLS, Mich., June 26 -- The DaimlerChrysler Corporation Fund has donated $10 ... Continue reading
CART CHAMP CAR TEST AT MID-OHIO OPEN TO FANS
FOR IMMEDIATE RELEASE Contact: Reece White, (614) 793-4620, rwhite@midohio.com CART CHAMP CAR TEST AT MID-OHIO OPEN TO FANS DUBLIN, Ohio (June 26, 2003) - The Champ Car Grand Prix of Mid-Ohio will run August 7-10, but fans of the 2.258-mile Mid-Ohio Sports Car Course can see the open-wheel rockets take to the Lexington ... Continue reading
OAK PARK, Mich., June 26 -- When officers from 545 law enforcement agencies in Michigan head out for patrol June 27-July 13 during the national You Drink & Drive. You Lose. mobilization, they won't be alone. They will be joined by more than 900 truckers from five Michigan companies who will help identify possible drunk ... Continue reading
Garvey to Drive for Jani-King Through 2004 Season
If the following text-only file is not easily readable, particularly any tables of numbers, try enlarging this window since every line has a forced end and there is no word-wrap. Otherwise, this report will look and print better from the following PDF file: http://www.sportssystems.com/applib/PDFload.cfm?file=/email /f ... Continue reading
July 4th Travel Expected to Be Heavier Than Last Year
AURORA, Ill., June 26 -- Americans continue to show an increased interest in leisure travel as evidenced by the estimated 37.4 million people that are expected to travel 50 miles or more from home this Independence Day. AAA Chicago expects travel to be up nearly 2 percent from last year's projected total of 36.8 millio ... Continue reading
Alcoa Appoints Chief Customer Officer; Makes Automotive Appointments
PITTSBURGH--June 26, 2003--Alcoa announced today several personnel moves in the customer and transportation areas that include the creation of two new positions. Effective immediately Veronica M. (Ronee) Hagen, 57, has been named Chief Customer Officer, a new position accountable for further developing a customer centr ... Continue reading
Formula Ford 2000 Zetec Championship Test Notes from Mid-Ohio
Thursday Test Notes at Mid-Ohio - The Formula Ford 2000 Zetec Championship has three half-hour test sessions Thursday, as part of the promoters test day in preparation for Rounds Five and Six, The Mid-Ohio Road Racing Classic. - The first session gets underway at 8:00 a.m. local time, under sunny and hot conditions. - ... Continue reading
NHRA O'Reilly Auto Parts Jr. Drag Racing League Eastern Conf. Finals-FRI Results
FOR IMMEDIATE RELEASE NHRA O’REILLY AUTO PARTS JR. DRAG RACING LEAGUE EASTERN CONFERENCE FINALS MAPLE GROVE RACEWAY THURSDAY JUNE 26, 2003 Racing At NHRA O’Reilly Jr. Drag Racing League Eastern Conference Finals Under Way READING, Pa.- Nearly 500 Jr. racers, representing NHRA's Northeast, Southeast, North C ... Continue reading
Alasdair Stewart - CEO of Bentley Motors To Speak at Motor Press Guild Monthly Meeting
WHO: It's been just six months since Bentley Motors was separated from Rolls Royce -- as Volkswagen has taken over the former, and BMW the latter. In that time, Alasdair Stewart, at the helm of Bentley since 1998, has traveled the world preparing Bentley for its most significant production releases in history. Join us ... Continue reading
Thumb School Bus Driver Wins Michigan Safety Championships
DEARBORN, Mich., June 26 -- Hudsonville Schools bus driver Loren Brandt finished first out of 37 competitors in the 26th annual Michigan School Bus Driving Championship in Midland on Wednesday, June 25. Brandt will represent Michigan in the International School Bus Safety Competition in New York City July 20. The state ... Continue reading
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