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July 1998

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Monday, July 27, 1998

ABC Technologies Announces the Shipment of Release 4.0

ABC Technologies Announces the Shipment of Release 4.0

ABC Technologies, the world's leading provider of software for Activity Based Costing/Management (ABC/M), has announced the shipment of its 4.0 Release. ... Continue reading

Aprilia and The Spice Girls Do Charity Work

Aprilia and The Spice Girls Do Charity Work

Aprilia, Italy's leading manufacturer of motorbikes and a global sponsor of the Spice Girls world tour, is using its 10 "meet and greet" tickets to benefit two Bay Area charities. ... Continue reading

Auto Dealers Help Drive Strong Economy, NADA Says

Auto Dealers Help Drive Strong Economy, NADA Says

Franchised new car and truck dealerships are a significant force in the nation's retail economy, according to the National Automobile Dealers Association's 1998 NADA Data, which will be published with the Aug edition of Automotive Executive magazine. ... Continue reading

AutoZone To Close Seagoville Distribution Center

AutoZone To Close Seagoville Distribution Center

John C. Adams Jr., chairman and CEO of AutoZone, announced the company will be closing the Seagoville, Texas, distribution center that was purchased in the Chief Auto Parts acquisition. ... Continue reading

Background to BHP Sale of Orbital Holding

Background to BHP Sale of Orbital Holding

Orbital Engine Corporation would like to provide background information to BHP's recent sale of approximately 15% of the company. Orbital's largest shareholder sold 50,260,000 ordinary shares on Tuesday, July 21, 1998. ... Continue reading

Big Payoff for FedEx CART Marlboro 500 Presented by Toyota

Big Payoff for FedEx CART Marlboro 500 Presented by Toyota

Potentially the biggest total payday in the history of Champ Car racing, when the FedEx Championship Series visits the California Speedway for the Marlboro 500 Presented by Toyota on November 1, the driver who wins will pocket a cool $1 million. ... Continue reading

Budget Group Appoints Premier Car Rental President

Budget Group Appoints Premier Car Rental President

Budget Group, Inc. announced the appointment of Jim Dreesen as president of its Premier Car Rental subsidiary. Jim joins Premier from Ryder TRS, which was recently acquired by Budget Group, Inc. ... Continue reading

CART Changes NYSE Ticker Symbol to MPH

CART Changes NYSE Ticker Symbol to MPH

Championship Auto Racing Teams, Inc. announced today that, effective Monday, July 27, its New York Stock Exchange stock ticker symbol will be changed to MPH. ... Continue reading

CART: U.S. 500 Race Results

CART: U.S. 500 Race Results

CART: U.S. 500 Race Results ... Continue reading

Century Business Services, Inc., Announces Acquisitions

Century Business Services, Inc., Announces Acquisitions

Century Business Services, Inc., the nation's fastest emerging outsourced business services company, announced the acquisition of seven business services firms, including six accounting, tax and business consulting firms and one benefits consulting firm. ... Continue reading

Chrysler Turns Interior Design Inside-Out

Chrysler Turns Interior Design Inside-Out

Chrysler will turn its energies inward to refine interiors to the highest standards possible. ... Continue reading

Continental Buys `Brake And Chassis' Unit From ITT Industries

Continental Buys `Brake And Chassis' Unit From ITT Industries

Continental AG, Hannover, Germany, has signed an agreement with ITT Industries Inc. , White Plains, U.S.A., on the purchase of the latter's "ITT Automotive Brake and Chassis" (B&C) operations. ... Continue reading

Debuts '99 Mustang on the Web

Debuts '99 Mustang on the Web

Ford would like you to wait until September to see photos of the 1999 Mustang but knows that auto enthusiasts can't wait. Thus, yet-to-be-released photos and specifications appear on The Car Connection web site is starting. ... Continue reading

Defiance, Inc. Declares Regular Quarterly Dividend

Defiance, Inc. Declares Regular Quarterly Dividend

Directors of Defiance, Inc. declared a regular quarterly dividend of $0.04 per share, payable September 4, 1998, to shareholders of record August 14, 1998. ... Continue reading

DuPont Automotive Announces Key Management Appointments

DuPont Automotive Announces Key Management Appointments

John R. "Jack" Lewis has been named vice president - DuPont Automotive OEM Finishes with primary responsibility for automobile company interaction. Simultaneously, J. Erik Fyrwald has been appointed vice president ... Continue reading

Energy Conversion Chairman Praises Natl. Federal Fleet Managers

Energy Conversion Chairman Praises Natl. Federal Fleet Managers

Robert C. Stempel, chairman of Energy Conversion Devices, Inc., delivered the Keynote Address at the First National Federal Fleet Manager Workshop held July 20-23, 1998 in Scottsdale. ... Continue reading

Etak Online Geocoding Services Now Available Within ArcView

Etak Online Geocoding Services Now Available Within ArcView

Etak Inc., a publisher of digital street map databases, software technology and traveler information services, announced that its convenient online geocoding service -- EZ-Locate -- will now be available from within ESRI's ArcView GIS. ... Continue reading

Etak Premium Map Databases Now Available in Shapefile Format

Etak Premium Map Databases Now Available in Shapefile Format

Etak Inc., a leading publisher of digital map databases,software technology and traveler information services, announced that Etak's EtakMap Premium street databases are now available in ESRI's shapefile format. ... Continue reading

Etak SkyMap Navigation Products to Carry Sony Brand Name

Etak SkyMap Navigation Products to Carry Sony Brand Name

Etak Inc., a wholly-owned subsidiary of Sony and a worldwide publisher of digital map databases, software tech and traveler info services, announced that its notebook navigation products, SkyMap Pro and SkyMap Traveler, will carry the Sony brand name. ... Continue reading

Federal-Mogul Appoints Lisa Bowman Weber

Federal-Mogul Appoints Lisa Bowman Weber

Kimberly A. Welch, vice president of corporate communications for Federal-Mogul Corporation announces the appointment of Lisa Bowman Weber to the position of manager, community and media relations effective immediately. ... Continue reading

FIAT Selects the Baan Company as Major Supplier

FIAT Selects the Baan Company as Major Supplier

The Baan Company N.V. announced an extended relationship with FIAT Auto. Based on the previous decision to implement Baan's enterprise applications, Baan's software has been selected as the enterprise resource planning solution to address the globalization issues at Fiat Auto. ... Continue reading

Goodyear Debt Rating Raised by Standard & Poor's

Goodyear Debt Rating Raised by Standard & Poor's

Standard & Poor's Rating Services has raised its rating on The Goodyear Tire & Rubber Company's corporate credit and senior debt to A- from BBB+. The company's commercial paper rating remains unchanged at A-2. ... Continue reading

Goran Capital Inc. Reports Second Quarter 1998 Results

Goran Capital Inc. Reports Second Quarter 1998 Results

Goran Capital Inc., a leading provider of crop and nonstandard automobile insurance, today announces the results for the second quarter ended June 30, 1998. ... Continue reading

Harris Semiconductor Announces Power Management Product Line

Harris Semiconductor Announces Power Management Product Line

Harris Semiconductor announced the formation of a new product line within its Power Business to address power management opportunities. ... Continue reading

I-Logix' Design Tool Brings Virtual Prototyping to Life

I-Logix' Design Tool Brings Virtual Prototyping to Life

Chrysler has begun using Statemate MAGNUM - a modeling, simulation, and automatic code generation software tool -- to design and specify body electronics on its Jeep(R) platform. ... Continue reading

Immersive Design Taps Rand Technologies

Immersive Design Taps Rand Technologies

Immersive Design, Inc., the provider of IPA signed a strategic worldwide distribution agreement with Rand A Technology Corporation to enhance the global delivery of its photo-realistic 3D animation and visualization software. ... Continue reading

ITT Industries to Sell Automotive Brake and Chassis Business

ITT Industries to Sell Automotive Brake and Chassis Business

ITT Industries, Inc. announced a definitive agreement under which Continental AG will acquire ITT Industries' automotive Brake and Chassis business for US$1.93 billion in cash. ... Continue reading

Ivaco Inc. and Scepter Holdings Inc. Announce Withdrawal of Offering

Ivaco Inc. and Scepter Holdings Inc. Announce Withdrawal of Offering

Ivaco Inc. and Scepter Holdings Inc. announced that they have decided not to proceed at this time with their proposed Initial Public Offering of Subordinate Voting Shares of IPEX Inc. ... Continue reading

Kia Uses Unique Research to Market New Sportage 2-Door Convertible

Kia Uses Unique Research to Market New Sportage 2-Door Convertible

To gain an insight into the Sportage 2-Door buying group, Kia Motors America conducted market research to determine the buyer profile: who they are, how old they are, what their education level is and where they hide their freshman picture from school. ... Continue reading

Laforza Automobiles, Inc. Signs Third Franchise

Laforza Automobiles, Inc. Signs Third Franchise

Laforza Automobiles, Inc. announced that they have recently signed another Franchise Agreement for the new, 1998 model Laforza Sport Utility Vehicle (SUV). ... Continue reading

Liteglow Names Chief Financial Officer

Liteglow Names Chief Financial Officer

Liteglow Industries Inc. announced the appointment of Michael Lomnitzer to the post of chief financial officer. ... Continue reading

Lund International Holdings, Inc. Announces Resignation

Lund International Holdings, Inc. Announces Resignation

Lund International Holdings, Inc. announced that Richard Minehart Jr., Chief Operating Officer, has resigned from Lund International Holdings, Inc. and its subsidiaries. ... Continue reading

Midgets: All Rookie Weekend as Setser Takes NAMARS Berlin Feature

Midgets: All Rookie Weekend as Setser Takes NAMARS Berlin Feature

Midgets: All Rookie Weekend as Setser Takes NAMARS Berlin Feature ... Continue reading

Mitsubishi Motors Announces Aggressive Pricing

Mitsubishi Motors Announces Aggressive Pricing

Mitsubishi Motors has announced pricing for its all-new 1999 Galant mid-size sedan, which ranges from $16,990 to $24,350*. ... Continue reading

Mitsubishi Motors New Ad Campaign Challenges Consumers

Mitsubishi Motors New Ad Campaign Challenges Consumers

Mitsubishi Motor Sales of America, Inc. will roll out a spirited new national advertising campaign later this week designed to create a more distinctive brand image for Mitsubishi Motors in the United States. ... Continue reading

Mobil Declares Dividend

Mobil Declares Dividend

Mobil Corp.'s board of directors today declared a quarterly dividend on the company's common stock of $0.57 a share. ... Continue reading

Motorola's Transportation Systems Group Receives QS-9000

Motorola's Transportation Systems Group Receives QS-9000

Motorola has received certification to the exacting requirements of the QS-9000 Quality System Standard of the automotive industry as needed by Ford, Chrysler, GM, Bosch, Siemens, Volvo, BMW, Mercedes and others. ... Continue reading

NASCAR: Gordon Wins Pennsylvania 500, Results Attached

NASCAR: Gordon Wins Pennsylvania 500, Results Attached

NASCAR: Gordon Wins Pennsylvania 500, Results Attached ... Continue reading

Negri wins the 2nd round of the ILP

Negri wins the 2nd round of the ILP

Brazilian driver Oswaldo Negri Jr. won the 2nd round of the Panamerican Indy-Lights Championship in Guadalajara. ... Continue reading

NTB Trans-Am: Saunders Scores Win on Streets of Grand Rapids

NTB Trans-Am: Saunders Scores Win on Streets of Grand Rapids

NTB Trans-Am: Saunders Scores Win on Streets of Grand Rapids ... Continue reading

Oshkosh Truck Net Income Increases 63%

Oshkosh Truck Net Income Increases 63%

Oshkosh Truck Corporation reported that net income increased 63% to $4.6 million, or $.54 per share, for the third quarter of fiscal 1998 on sales of $290 million. ... Continue reading

Pacific Raceways, Inc. Retains Consultants

Pacific Raceways, Inc. Retains Consultants

Pacific Raceways, Inc., of Seattle, WA, has retained Event Management Corporation of Grosse Pointe Farms, MI it was announced by J. Dan Fiorito, Jr., President of Pacific Raceways, Inc. ... Continue reading

Paese in CART for Next 2 Races

Paese in CART for Next 2 Races

Brazilian driver Sergio Paese will be the 6th Brazilian in CART for the next 2 races in Mid-Ohio and Elkhart Lake. ... Continue reading

Reduced Number of Industry Participants Produces Opportunities

Reduced Number of Industry Participants Produces Opportunities

According to Frost & Sullivan, "U.S. CV Driveaxle and Boot Kit Aftermarket," in 1997 total aftermarket manufacturer revenues grew to $451.4 m, and the market is expected to grow at a rate slightly more 2x the rate of growth in the vehicle pop throughout the forecast period 1998 to 2004. ... Continue reading

SCCA: Cunningham Cruises to World Challenge T1 Class Victory at Grand Rapids

SCCA: Cunningham Cruises to World Challenge T1 Class Victory at Grand Rapids

SCCA: Cunningham Cruises to World Challenge T1 Class Victory at Grand Rapids ... Continue reading

Siemens Nixdorf Drives Data Center for Continental General Tire

Siemens Nixdorf Drives Data Center for Continental General Tire

Siemens Nixdorf Information Systems Inc. has been contracted to provide SAP R/3 implementation and outsourcing services for Continental General Tire Inc. of Charlotte, N.C. ... Continue reading

South American Touring Car Results

South American Touring Car Results

Argentinian driver Oscar Larrauri, former F-1 driver, won the 5th round of the South American Touring Car Championship in Mar de Ajó, on the Argentinian coast. ... Continue reading

SRT Clients Experience The Benefits Of The SIDEKICK

SRT Clients Experience The Benefits Of The SIDEKICK

SRT clients are beginning to experience significant cost savings by utilizing the SIDEKICK, a GPS vehicle tracking device offered exclusively by Savannah River Technologies, Inc. ... Continue reading

The Hertz Corporation Declares Quarterly Dividend

The Hertz Corporation Declares Quarterly Dividend

The Hertz Corporation, the world's largest car rental company and a leading construction and industrial equipment rental business in the U.S., has declared a quarterly dividend of $0.05 per share on its Class A and Class B Common Stock. ... Continue reading

Toyota Goes Greener With New Environmental Advertising Campaign

Toyota Goes Greener With New Environmental Advertising Campaign

Toyota will introduce a corporate environmental advertising campaign in the United States that communicates Toyota as an automotive industry leader in developing environmental technologies. ... Continue reading

TRW's New MARC Labor Standards System Offers Boost

TRW's New MARC Labor Standards System Offers Boost

Through the addition of the new MARC(TM)-LS system to its comprehensive MARC(TM) warehouse management system, TRW offers warehouse managers a way to increase employee productivity up to 100 percent. ... Continue reading

Turbodyne Becomes a U.S. Based Corporation

Turbodyne Becomes a U.S. Based Corporation

Turbodyne Technologies Inc. announced it has completed the domestication process into the United States from Canada, making Turbodyne a United States company, incorporated in the State of Delaware. ... Continue reading

Whistler Corporation Appoints Chief Operating Officer

Whistler Corporation Appoints Chief Operating Officer

Whistler Corp, the privately-held maker of automotive, home and business products that keep consumers in touch, in comfort and in control, today announced the appointment of Richard J. Corbin to its executive management team as Chief Operating Officer. ... Continue reading

Women Motorcyclists Rev Up Support for Breast Cancer Research

Women Motorcyclists Rev Up Support for Breast Cancer Research

Approximately 80 motorcyclists -- most of them women -- will cruise into New York City on Day 40 and Leg 109 of a two-month, 15,000- mile journey across the United States and Canada to raise awareness and funds for breast cancer research. ... Continue reading

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